Geography Archives: Greece

  A week ago eurocrats launched their campaign of overwhelming force designed to shock and awe the ”wolf pack” of professional speculators and institutional investors (hedge funds and pension fund managers) into a more docile, subservient position.  In the currency market, the shock and awe wore off after the first 48 hours, while, by the […]

As of today the idea that Greece might be better off leaving the Euro and renegotiating its debt is considered by many to be unthinkable.  Instead, the country is embarking upon a program of “internal devaluation” — in which it keeps the Euro and lowers its real exchange rate by creating enough unemployment to drive […]

Angela Merkel, in the driving seat of an IMF bulldozer, coming to “rescue” Greece Carlos Latuff is a Brazilian cartoonist.  This cartoon was published by Dromos. | Print

Markets can be irrational, as Keynes famously pointed out, and the Eurozone/Greek crisis is a classic example.  “The markets” for months have been demanding more blood from Greece, as the financial press has continuously and often unquestioningly reported: more commitment to spending cuts, tax increases, and “procyclical” policies that the bondholders, EU authorities, and the […]

Perhaps the wild swings in financial and stock markets over the last week will make people give closer scrutiny to what is going on in Europe, which would be a good thing for the world.  According to most news reporting, markets are worried about a potential default by Greece on its sovereign debt, and the […]

With Venezuela’s economy having contracted last year (as did the vast majority of economies in the Western Hemisphere), the economy suffering from electricity shortages, and the value of domestic currency having recently fallen sharply in the parallel market, stories of Venezuela’s economic ruin are again making headlines. The Washington Post, in a news article that […]

The political conflicts and street battles in Greece today foretell what is coming to many countries including the US.  The struggles are basically over what the government spends on and who pays the taxes.  In today’s class-divided societies, classes differ over what governments should do and who should pay the taxes.  Governments in such societies […]

Eneko Las Heras, born in Caracas in 1963, is a cartoonist.  This cartoon was published on his blog . . . Y sin embargo se mueve on 30 April 2010.  Translation by Yoshie Furuhashi (@yoshiefuruhashi | yoshie.furuhashi [at] gmail.com). | | Print

Pity poor Angela!  The rock is Greece and its economic woes.  The hard place is North Rhine-Westphalia, where an extremely crucial election is due on May 9th — very soon but not soon enough!  And Chancellor Merkel is caught directly in the middle! Europe and the world have been waiting for Germany to commit itself […]

As I have noted previously, Latvia has experienced the worst two-year economic downturn on record, losing more than 25 percent of GDP.  It is projected to shrink further during the first half of this year, before beginning a slow recovery, in which the International Monetary Fund (IMF) projects that it will not reach even its […]

Yet again, business leaders, politicians, academics, and media are blowing smoke around Greece’s efforts to cope with “national debt” problems.  Something far more important for the world than this small country’s financial travails is at stake.  Indeed, what is at stake affects us all.  What is happening in Greece parallels developments everywhere; only details and […]

Pegging their arguments on the still ongoing drama relating to sovereign debt in Greece, conservative opinion is making a case for a reduction of the size of public debt in developed and developing countries across the world.  The latest signatory to the appeal is IMF chief Dominique Strauss-Kahn who reportedly told an audience at the […]

  As the representatives from the European Union, the IMF, and the Greek government are trying to flesh out how Greece can use the EU’s and the IMF’s funding to remedy its fiscal position, the main question hovering above their negotiations is whether Greece can and should follow Estonia’s example in massively cutting public spending. […]

  I had the opportunity to sit for a conversation with the Swiss philosopher Tariq Ramadan at the end of the 2009 meeting of the American Academy of Religion in Montreal.  Ramadan is a public intellectual who has been a figure of both much praise and much condemnation, occasioned by controversial statements and positions that […]

April 3, 2010 Istanbul, Turkey — Following months of preparation, a coalition bringing together a number of organizations and movements working to break Israel’s illegal blockade on Gaza was announced yesterday in Istanbul.  The coalition, composed of the Turkey-based IHH (Insani Yardim Vakfi) organization, the European Campaign to End the Siege on Gaza (ECESG), the […]

The crisis facing the eurozone looks at first sight as German efficiency clashing with Portuguese, Irish, Greek and Spanish sloppiness.  But in many respects Germany has performed worse than the “peripheral” countries in the last decade.  The largest economy of the eurozone has been marked by slow growth, poor domestic demand, weak investment, high unemployment, […]

As the EU summit meeting convenes, Greece is dominating the agenda much more than Germany’s Chancellor Angela Merkel had wanted.  This week she has thrown cold water on the idea that Germany and other EU countries would take responsibility for helping Greece to roll over some of its debt, handing that job off to the […]

  Jayati Ghosh: What’s happening to Greece is in an interesting way what many developing countries have gone through.  It’s really an inability to have independent monetary and fiscal policies, combined with a fact that during the boom it was chosen as a favorite destination, which creates a situation where you then become uncompetitive.  Suddenly […]

Carlos Latuff is a Brazilian cartoonist.  This image has been used by Dromos. | | Print

  EM: Over the last couple of years you have been working on the question of religion from a series of perspectives: philosophical, political, sociological, moral, and cognitive.  In your Yale lectures from the fall of 2008, you approached the challenge of the vitality and renewal of religion in world society in terms of the […]