Archive for the ‘Éric Toussaint’ Category
Coronavirus has sparked a perfect storm of nationalism and financial speculation – Yanis Varoufakis, Former SYRIZA Finance Minister in Greece – THE GUARDIAN
Here is a fresh warning about the toxic combination of two different phenomenons – the CoVid-19 Health Crisis and a Financial Money Markets Storm, similar to the 2008 Crash.
The author is Yanis Varoufakis, the Greek Finance Minister sacked from a SYRIZA Government before it surrendered to the Austerians.
When the air is replete with inflammable materials, any given spark can cause a financial explosion, at any time.
Éric Toussaint of CADTM examines a worldwide stock market collapse.
Eric Toussaint is a historian and political scientist who completed his Ph.D. at the universities of Paris VIII and Liège, is the international spokesperson of the CADTM (Committee for the Abolition of Illegitimate Debt) , and sits on the Scientific Council of ATTAC France.
He is the author of Debt System (2019), Bankocracy (2015); Glance in the Rear View Mirror. Neoliberal Ideology From its Origins to the Present, Haymarket books, Chicago; “Debt, the IMF, and the World Bank, Sixty Questions, Sixty Answers”, Monthly Review Press, New York, 2010. He has published extensively in this field. He is a member of the Fourth International leadership.
Nationalism and speculation have seldom had a better opportunity to combine forces as the one riding today on the coattails of Covid-19, known as the coronavirus. When Covid-19 leapfrogged from China to Italy, even ardent Europeanists normally appreciative of open borders joined the deafening calls to end freedom of movement across Europe’s national borders – a longstanding demand of nationalists. Meanwhile, the money men speculating on government debt are performing a classic flight from Italian to German government bonds, seeking the financial safety that only the continent’s hegemon can offer during any crisis. As if in a bid to remind us of the great contradiction of our times, Covid-19 is illuminating gloriously the freedom of money to transcend a borderless financial universe while humans remain as fenced in as ever.
Coronavirus has sparked a perfect storm of nationalism and financial speculation – THE GUARDIAN
https://www.yanisvaroufakis.eu/2020/03/09/coronavirus-has-sparked-a-perfect-storm-of-nationalism-and-financial-speculation-the-guardian/
— Read on www.yanisvaroufakis.eu/2020/03/09/coronavirus-has-sparked-a-perfect-storm-of-nationalism-and-financial-speculation-the-guardian/
SYRIZA Lays out Five Points of Greek Coalition Talks – Austerity in Smithereens All Over Europe
http://socialistresistance.org/3487/syriza-lays-out-five-points-of-greek-coalition-talks
Austerity in Smithereens All Over Europe.
See also this very good survey by Éric Toussaint :
http://internationalviewpoint.org/spip.php?article2604
Seismic election results
Syriza, the radical left-wing coalition comes first in all major cities and among people aged 18-35. Its campaign advocated suspending debt payment and cancelling austerity measures.
1. Results
At the May 6 polls, the radical left-wing coalition Syriza becomes the second “party” in numbers of voters as it moves from 4.5% at the previous elections (2009) to 16.8% (52 MPs instead of 13). It is the first party in the major agglomerations and among people aged 18-35.
The Socialist Party (PASOK) lost 2/3 of the votes it had received in 2009 (from 44% to 13.2%, a loss of 119 MPs, from 160 to 41!). PASOK pays ‘cash on the nail’ their rigorous austerity programme and subjection to the ‘Troika’ and big private business interests. Read the rest of this entry »
Tomás Ó Flatharta 