Another financial crisis is not likely in our “lifetime”, says US Federal Bank chair Janet Yellen. Pick me up off the floor someone! Yellen’s somewhat delusional assurances are meant to calm fevered markets and postpone if not avert the next crash. But they’ve rightly been met with scorn. Warning signals are flashing brightly around the […]
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Tag: eu
Review: How Varoufakis’ dream turned int
Yanis Varoufakis lost his 2015 battle with what he calls “Europe’s deep establishment”. Now he’s working to build DiEM 25, a pan-European, cross-border movement of democrats. Their aim is to repair the European Union. In January, 2015 he was elected, with 140,000 votes, as finance minister in the Syriza-dominated government. His mission – to overturn […]
A new warning from Greece – loud and cle
There’s been a dramatic drop in consumption of basic commodities such as bread and milk in Greece in the first months of 2017, according to the Hellenic Food Industry Federation. It’s not hard to see why there’s such a decline under way. An increasing proportion of the Greek people can no longer afford to eat. […]
Brexit – a seismic event
The Economist’s headline was ‘Brexit and the markets: a seismic shock’ Doomsday scenarios – warnings of its consequences – abounded: the British Pound will weaken, favourable trade conditions will disappear, housing values will tumble, the markets will plummet, job losses will mount. The implication is that the effects of the referendum vote will reverberate throughout […]