The only way to stop the fascists profiting from the breakdown of the Greek state is to offer a socialist alternative to capitalism. Greece – and the rise of Golden Dawn – is an extreme parable of what has happened to many developed countries since the global crisis broke out in 2007. The policies of the Greek "rescue" – where the Greek people had no inkling what was afoot until the agreement was signed in ...

It could take up to 25 years to regain living standards prior to the economic crisis  If left unchecked, austerity policies could put between 15 and 25 million more Europeans at risk of poverty by 2025 – nearing the population of the Netherlands and Austria combined. This would bring the number of people at risk of poverty in Europe up to 146 million, over a quarter of the population, warns international ag ...

Austerity is destroying the free part of the Greek economy, leaving government more dysfunctional than ever. Worse news: it will need yet another bailout... Seasoned economic observers remain shocked by recent events. Greece will soon need another bailout. That’s not remotely surprising. What shocks is that there remains some semblance of an economy to bail out after 6 years of depression. Greece is bust, t ...

Are the economic policies needed to maintain the euro still compatible with democracy? Greece’s state broadcaster was established after the fall of the military dictatorship. Last month the Greek government (which is implementing EU injunctions) decided to shut it down without authorisation from parliament (see Where Syriza stands). ...

The documentary “TOXIC CRISIS” is an insight on Greece’ s environmental issues which are being obscured by the country’s economic crisis. This documentary, by Omiros Evangelinos shows how Greek and European elites commit horrible health and environmental crimes in the name of austerity. http://www.dailymotion.com/video/xvo7ir_toxic-crisis-by-omiros-evangelinos-2012_people ...

Unemployment across the 17 European Union countries that use the euro hit another all-time high in May following revisions to the previous months' data, official figures showed Monday. ...

You can find the recent report from IMF on Greece here: Link [pdf] Some read the recent IMF report on Greece as a mea culpa for its mistakes in the Greek bailout. We see it differently. You can say sorry for an unintended mistake, a miscalculation. The case we have here is not an accident. IMF’s inhumane and otherwise ineffective policies are not, as IMF asserts, the result of a methodological error, simply ...

MADRID (AP) — Anti-austerity protesters on Saturday took to the streets of dozens of European cities, including Madrid, Frankfurt and Lisbon, to express their anger at government cuts they say are making the financial crisis worse by stifling growth and increasing unemployment. Thousands marched peacefully toward Madrid's central Neptuno fountain near Parliament, chanting "Government, resign." ...

               Associated Press  German flags wave in front of the Reichstag building in Berlin. FRANKFURT—Immigration to Germany hit a 17-year high last year as Southern Europeans flocked north to escape economic recession and search for jobs, fueling the debate over the consequences of immigration for the German economy. In all, 1.08 million people moved to Germany last year, or 13% more than in 2011, Ger ...

Some revelations come as little surprise. It’s not really news that some politicians love money and like to spend time with those who have lots of it. Or that they sometimes behave like a caste that is above the law. Or that the tax system favours the affluent, and that the free circulation of capital enables them to stash their cash in tax havens. ...