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Geography Archives: Europe

Countries in the continent of Europe

Why the Euro Is Not Worth Saving

The Euro is crashing today to record lows against the Swiss Franc, and interest rates on Italian and Spanish bonds have hit record highs.  This latest episode in the Eurozone crisis is a result of fears that the contagion is now hitting Italy.  With a two-trillion dollar economy and $2.45 trillion in debt, Italy is […]

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The Politics of Iran’s Space Program

Iran’s recent successful launch of a second satellite into orbit has drawn considerable attention around the world. As in the past, Iran’s announcement of the launch of its domestically built satellite into space received mixed reactions in the West. Some mainstream U.S. media treated the announcement with skepticism and ridicule. “Before you cancel that European […]

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German Leopards for Saudi Arabia

Merkel just wouldn’t let the cat out of the bag.  In the first days after the arms sale scandal began, her front seat in the Bundestag was conspicuously empty.  When she finally did show up she wore a sour look but said not a word.  The decision made and any reasoning behind it were highly […]

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Job

Eneko Las Heras, born in Caracas in 1963, is a cartoonist based in Spain.  The cartoon above was first published on his blog . . . Y sin embargo se mueve on 1 July 2011.  Translation by Yoshie Furuhashi (@yoshiefuruhashi | yoshie.furuhashi [at] gmail.com). | Print

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Bernard-Henri Lévy’s “SOS Syrie” Conference: Zionists, Muslim Brothers, and Other Leaders of “Change in Syria”

Bernard-Henri Lévy, well known for his devotion to humanitarian military interventions, organized a conference to “stop the massacre” in Syria, “SOS Syrie,” in Paris on the fourth of July.  There is no doubt that BHL is eager to replicate his Libyan success in Syria.  Given the clear Russian opposition to any military intervention in Syria, […]

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Triplet Crises and the Ghost of the New Drachma

  Much of the discussion surrounding the Greek crisis revolves around the probability and implications of a sovereign default and on whether the introduction of a national currency (which, for simplicity, we could call the new drachma) would help pull the Greek economy out of recession (see for example Manasse 2011 on this site).  Less […]

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The Myths of Capitalism

There is a pervasive view that growth under capitalism, though it may worsen poverty, even absolute poverty, to start with, eventually leads to a lowering of poverty.  The experience of the English Industrial Revolution is invoked in this context.  There has been a huge debate among economic historians about the impact of the Industrial Revolution […]

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Greece: Guarding Israel from Freedom Flotilla

“@USBOATTOGAZA  Iceland Parliamentarian visits boat to show solidarity.  ‘Greece sold its economy to western banks and its politics to Israel.’” — Medea Benjamin, 2 July 2011 Carlos Latuff is a Brazilian cartoonist.  Cf. Fulya Özerkan, “Gov’t Pressure on İHH Divides Group before Flotilla Decision” (Hürriyet Daily News, 16 June 2011); Semih İdiz, “Why the Mavi […]

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The Libyan Example

  Many countries, Iran and North Korea are among them, told us it was our mistake to give up, to have stopped developing long-range missiles and to become friendly with the West.  Our example means one should never trust the West and should always be on alert — for them it is fine to change […]

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Greece: Organize, Counterattack!

“The Peoples Have the Power and Never Surrender.  Organize, Counterattack!” was the slogan written in Greek and in English on the banner that the All Workers’ Militant Front (PAME) hung from the Acropolis on 27 June, on the eve of the 48-hour strike against the barbaric anti-people measures of the social-democratic government, the EU, and […]

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The Greek Crisis: Uttering the Other “D Word”

  Default is not the dirty word that nobody wants to say.  Almost everybody now accepts that Greece will default.  Several people will prefer to use the euphemism of “re-profiling debts,” but we all know what it means.  The interesting thing is that at least some authors, like Martin Wolf in a recent Financial Times […]

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