Debt Restructuring

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Burdened with Debt Reloaded: The Politics ofr Devaluation
Article
2012
A series of defensive and sectional struggles at workplaces in the private sector reveal that the Greek industrial capital has already taken advantage of the new institutional framework of the “state ...
Euro Banks vs. Greek Labor: Varoufakis is Proposing Austerity on the Banking Class
Hudson, Michael; Peries, Sharmini
Article
2015
Interview with Michael Hudson, professor of economics at the University of Missouri-Kansas City about the current economic situation of Greece.
Europe's Leaders Visit Athens to Celebrate Their Failure
Fotiadis, Apostolis
Article
2014
The start of Greece's six-month presidency of the EU was marked by a ceremony in the Greek capital attended by the EU commissioners. But protests were banned and there was no in-depth talk about the r...
Europe's New Road to Serfdom: Trichet Threatens Greece with Iron Heel
Hudson, Michael
Article
2011
The conditios for Greece's new loan package is that Greece must initiate a class war by raising its taxes, lowering its social spending – and even private-sector pensions – and sell off public land, t...
The Housing Mess: Against The Current vol. 135
Prins, Nomi
Article
2008
Despite recent CNBC and MSNBC media hosts suggesting we may be at the ‘bottom’ of the housing market crisis, and Market Watch June 3rd commentary headlines like “Housing market may turn more quickly t...
The new colonialism: Greece and Ukraine
Rasmus, Jack
Article
2015
According to Jack Rasmus, aA new form of colonialism is emerging in Europe. Not colonialism imposed by military conquest and occupation, as in the 19th century. Not even the more efficient form of eco...
Puerto Rico's default is fine, as long as Wall Street is repaid
Roos, Jerome
Article
2015
On August 1, 2015, Puerto Rico defaulted on part of its enormous $72 billion debt, paying back only $628,000 on a relatively small $58 million loan that was due at the start of the month. The default,...
The Third World Debt: The Comforts of Newspaper Pie
Gardiner, David
Article
1991
Canadians are unaffected by the Third World, since most of it arrives in the form of newspaper headlines.
Wall Street and the Greek Financial Crisis
Hudson, Michael; Black, Bill
Article
2015
Michael Hudson and Bill Black zero in on some of the key elements of the crisis. They point out that it is not really 'Greece', let alone the Greek people, who have contracted this debt and who have b...
A World at Financial War: Will Greece Let EU Central Bankers Destroy Democracy?
Hudson, Michael
Article
2011
The crisis for Greece – as for Iceland, Ireland and debt-plagued economies capped by the United States – is occurring as bank lobbyists demand that “taxpayers” pay for the bailouts of bad speculations...

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