Posts Tagged:Greece

The Day before Labor Day

In Austria, several organizations use the day before Labor Day to “celebrate” the “Day of the Unemployed”. At times of crisis, this day is more important than ever as Europe is threatening its fragile recovery through its austerity politics. So, it was no surprise when the International Labor Organization (ILO) yesterday stated that high unemployment…

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Europe: Austerity fails

Finland, Slovenia, Slovakia, Greece, Italy, Spain, Ireland, Portugal, Romania, the Netherlands and probably soon also France – this is the Guardian’s long list of the European countries whose governments resigned or weren’t re-elected during the past 14 months (!) due to their failed austerity politics. So, what remains from Europe’s two-year long try to calm…

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Three Important Statements on the Economic and Financial Crisis

There’s a lot to say about the current financial and economic crisis. When daily news on bankrupt European countries, US debt or increasing commodity prices are increasing global imbalances, it becomes more difficult to stay on top of things and make sound economic predictions. That’s why I’d like to share three recent intersting analyses: Nouriel…

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