Published on Monday, July 13, 2015 by Common Dreams by Deirdre Fulton, staff writer After 31 hours of tense weekend talks—and five years of crippling austerity—Greece and its foreign creditors have struck a deal: an €86 billion bailout that will keep Greece in the Eurozone in exchange for controversial economic reforms that include tax hikes, pension overhauls, and severe budget […]
Published on Monday, December 29, 2014 by Common Dreams by Jon Queally, staff writer “The future has already begun.” That’s what Alexis Tsipras, head of the leftwing Syriza Party in Greece, reportedly said on Monday after parliament failed in its third attempt to elect a new president and the scheduling of a popular general election was announced for next […]
Closing schools in the name of austerity
research contained in a newly published book shows that the push for steep cuts in wages, social programs, and public health programs is literally killing people throughout Europe and the US.
The last week has been a flurry of headlines decrying the complete and utter failure of the ‘austerity experiment’ across the globe, with an influential academic paper from Harvard economists becoming the poster-child not only of poor scholarship but also failed common sense.