Syriza’s spectacularly successful election campaign was described as being about hope. The Greek people have shown faith in that campaign. Their courage, their defiance and their optimism have given us a true lesson in democracy in the country that invented the system so many centuries ago. They…Read more…
Could the Greeks bring us gifts this Sunday?
This Sunday, the Greek people go to the polls in what must be one of the most important elections not just for Greece but for Europe as a whole. What is at stake is the future of democratic control of the economy, and the European establishment’s love affair with austerity. Nowhere in Europe…Read more…
Phoney Deficit Mania
Since the publication of the Con Dem Autumn Statement a new reverse paradigm has been introduced into the economic debate in Britain – cutting the deficit versus borrowing. Self serving Tory…Read more…
The ‘long-term plan’ is a political plan not an economic plan
Today the OBR released figures that showed, as widely expected, deficit reduction to date has stalled. Balancing the books (one further year into the future) relies on eye-watering and dangerous cuts in departmental spending. Meantime, in the economy, household debts have been revised up by £174…Read more…