Greek Translations

Just in case any of you have friends or relatives in Greece, some of the articles from the blog in which I have argued that Greece, Portugal and Ireland DO have an alternative to the endless and unjust austerity and bank bail-outs that are being forced upon them, are now being translated into Greek on […]

Greek Translations Read More »

Guest Post by Hawkeye – Irresponsible borrowing and irresponsible lending

Tensions in Greece are reaching melting point. And the debate is a clear and straightforward one. What we are witnessing is a propaganda battle between the forces calling for Austerity and those (perhaps indirectly) proposing Default. Those calling for Austerity claim lazy workers, socialism and corrupt politicians created a dire fiscal problem that Greece must

Guest Post by Hawkeye – Irresponsible borrowing and irresponsible lending Read More »

Greece – It’s all about bailing out French and German Banks

Twenty thousand Greek citizens gathered outside the Greek parliament on Wednesday to protest against their government’s attempt to force through another round of even more severe austerity measures dictated by the EU and the IMF. Inside the Parliament, two government deputies defected from the government saying they would not vote for the measures. It is

Greece – It’s all about bailing out French and German Banks Read More »

Guest Blog by Hawkeye – Potemkin Firewalls

In today’s news we are hearing that George Osborne is endorsing the UK’s Independent Commission on Banking (ICB) interim recommendations for ring-fencing Retail & Investment Banking. This is being couched as a tentative step towards the re-instatement of Glass-Steagal type separation of banking practices. On Radio 4’s Today programme Robert Peston declared the move one

Guest Blog by Hawkeye – Potemkin Firewalls Read More »

Vince Cable says Osborne’s policies are "Beggar thy Neighbour" economics

Vince Cable said some interesting things at the HowTheLightGetsIn festival. He said, George Osborne now wants to lower UK corporate Tax to be the lowest in Europe, by 2015 I think he said.  In other words Osborne wants the UK to take over from Ireland as the country where global corporations shift all their profits

Vince Cable says Osborne’s policies are "Beggar thy Neighbour" economics Read More »