Three and a half years after the EU and IMF, the “twin monsters” of global neoliberalism, came to the “rescue,” Greece has been transformed from a developed economy into an emerging economy, posting unemployment and poverty rates that are normally associated with so-called “third world” nations, and is permanently stuck in a vicious cycle of debt, austerity and depression.
Tags: structural adjustment policies for Greece in 2009
The End of the End of Austerity We’re All Greeks Now
By ROB URIE counterpunch.org One of the joys of being American is that every new day is a clean slate—no history, no memories, no experiences, a complete blank. This may help explain why our national conversations serve their intended purposes while being entirely content-free. Newsflash to self-described liberal economists: austerity works! If your goal is…