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Portugal and the Troika three years on 

By Catarina Oliveira Three years ago the Portuguese Government called in the Troika. “Save wages and pensions,” was the pretext but that did not happen. Today the dramatic social consequences of the...

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The recovery is a bluff

By Alfonso Gianni It may well be that this is a coincidence, but there are many who doubt it, including the leader writers of Italy’s financial daily Il Sole 24 Ore. The fact is that many economic...

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What’s not been said about the new BRICS bank

Vicenç Navarro* The history of disasters (and there is no other way to define the consequences of their policies) created by the International Monetary Fund (IMF) is long. This institution, which in...

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The fall of Ricardo Salgado, a Portuguese oligarch

A Portuguese oligarch has been arrested and his historic Espírito Santo business empire is falling apart. Can the fall out be ‘contained’?  Ricardo Espírito Santo Silva Salgado is known in Portugal as...

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New bank, old fraud

Plans have been announced to ‘rescue’ Banco Espirito Santo  by splitting it into a “good” and “bad” bank and loaning it €4.9bn from the European bailout fund in an operation that will leave the...

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Fiscal stimulus or monetary laxity: Germany must choose 

By Duval Guillaume In Europe, ever more monetary laxity is necessary because Germany refuses fiscal stimulus, even though the latter approach is preferable. On 4 September the European Central Bank...

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Greece’s new government, Tsipras and the issue of sovereignty

Why did Syriza choose the Independent Greeks as coalition partner? And how will the other Eurozone countries react to the new Government in Athens? Jacques Sapir explains Syriza has won and secured 149...

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Renzi one year on: austerity still rules Italy

One year after PM Renzi came to power and three governments since Berlusconi, Italy is still depressed, thanks to unending austerity programmes, finds Leopoldo Nascia* Seven years of crisis and three...

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The significance of Tsipras’ visit to Moscow

By Jacques Sapir Alexis Tsipras, the new Prime Minister of Greece will be in Moscow April 8. The following day, Greece must make a payment to the International Monetary Fund. The statements by Greece’s...

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Greece, Europe and sovereignty

What image will remain in the European Union in the wake of the Greek crisis? Indeed, whatever the outcome of this crisis, whether it results in a Greek default and a possible exit from the euro zone,...

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