- An Alternative for SYRIZA
Resource Type: Article
Published: 2015
In order to regain sovereignty, a country has to exit not only the EZ, if a member, but the EU itself. Liberated from the noose of the EU treaties and regulations, Greek people will have the freedom to follow a sovereign monetary and fiscal policy and form trade and international alliances to the best of their interests.
- The Anglican Church of Canada
Media Profile in Sources
Resource Type: Organization
- Auditing the Greek Debt: Unity of Place, Time, and Action
Resource Type: Article
Published: 2015
The recent debt currently being claimed presents features that make it irregular, illegitimate, illegal, unsustainable, and even odious. Allegedly Greek debts that were accumulated before 2010 were already to a large extent illegitimate and/or illegal.
- Bubbles Always Burst: the Education of an Economist
Resource Type: Article
Published: 2015
Spouting ostensible free market ideology, the pro-creditor mainstream rejects what the classical economic reformers actually wrote. One is left to choose between central planning by a public bureaucracy, or even more centralized planning by Wall Street’s financial bureaucracy. The middle ground of a mixed public/private economy has been all but forgotten, denounced as "socialism." Yet every successful economy in history has been a mixed economy.
- Burdened with Debt Reloaded: The Politics ofr Devaluation
Resource Type: Article
Published: 2012
A series of defensive and sectional struggles at workplaces in the private sector reveal that the Greek industrial capital has already taken advantage of the new institutional framework of the “state of emergency” now ruling in Greece to prop up its profitability or just transfer its own debts and losses onto the workers.
- Canadian Information Sharing Service
Volume 2, Number 4 - November 1977
Resource Type: Serial Publication (Periodical)
Published: 1977
- Chicken Game: Eurocrisis, Again.
Washington vs. Berlin
Resource Type: Article
Published: 2012
How does one take an autonomous position against the European policies of social butchery without falling into nationalist, anti-German nostalgia or into rhetoric against “Anglo-Saxon speculation”? How do we put together struggles about rights, work and life with a constitutive struggle on the issue of debt, while avoiding any recourse to solutions “from above” to the risk of default?
- Close the IMF, Abolish Debt and End Development
A Class Analysis of the International Debt Crisis
Resource Type: Article
Published: 1996
The struggle for repudiation of the debt must be organized internationally and demand not only the collective refusal of debt but cooperation in developing policies to cope with possible reprisals and to create space for the elaboration of creative alternatives to development. I am not talking about an international organization of governments, but rather of the international organization of popular struggle around the debt issue in order to limit state options and force actions in the interests of the working class.
- The Common Good
Resource Type: Book
Published: 1998
Interviews with Noam Chomsky on the U.S. and the world.
- Connexions
Volume 11, Number 1 - Spring 1987 - A Digest of Resources and Groups for Social Change
Resource Type: Serial Publication (Periodical)
Published: 1987
- Connexions Digest
Issue 52 - August 1990 - A Social Change Sourcebook
Resource Type: Serial Publication (Periodical)
Published: 1990
- Debt and the Environment
Resource Type: Book
Published: 1991
- Debt Bondage Or Self-Reliance
A Popular Perspective on the Global Debt Crisis
Resource Type: Book
Published: 1985
Describes the effects of international debt on workers, the unemployed, and peasants who neither asked for or benefit from such debt. It describes the growing number of people's movements in Canada and developing nations who are struggling against austerity measures.
- The Debt Squads
The U.S., The Banks, and Latin America
Resource Type: Book
Published: 1989
With major banks now writing off a part of their outstanding loans, the debt crisis remains in the news. The problems of a continent struggling, under pressure from IMF programmes, to keep up its repayments, are having world-wide repercussions. Now, in contrast to the analyses which have reflected the interests of the banks, this book brings in the crucial Latin American perspective. It reveals the dramatic effect that the pressure to keep up repayments has had on the debtor nations.
- EuroZone Profiteers: How German and French Banks Helped Bankrupt Greece
Resource Type: Article
Published: 2015
We should be clear: almost none of the huge amount of money loaned to Greece has actually gone there, says Joseph Stiglitz, former chief economist of the World Bank and a Nobel Prize winner in economics. It has gone to pay out private-sector creditors – including German and French banks.
- Germany made over 1bn out of Greek debt crisis
Resource Type: Article
Published: 2017
Since the beginning of Greece’s crisis in 2009 Germany’s Finance Ministry has cashed in to the tune of 1.3 billion as a result of its loans to Athens and its debt buying programs reports Euractiv.
- Greece: A no vote against blackmail
Now is not the time for academic debates. It is time for struggle
Resource Type: Article
Published: 2015
Our response to the blackmail of the lenders is that the struggle against austerity will not be governed by concerns about the euro system or by the consent of the rulers of Europe. the response should include stopping debt repayments to the lenders, with the goal of cancelling a majority of the debt; carrying out measures to improve the life of workers and poor; and financing all of this with heavy taxes on corporations and the rich, renationalizing large public enterprises and putting the banks under social control.
- Greece again Can Save the West
Resource Type: Article
Published: 2015
The 'Greek crisis' is not about debt. Debt is the propaganda that the Empire is using to subdue sovereignty throughout the Western world.
- The Greek Debt Crisis and Crashing Markets
A New Mode of Warfare
Resource Type: Article
Published: 2015
Greece has indeed become an example. But it is an example of the horror that the eurozone's monetarists seek to impose on one economy after another, using debt as a lever to force privatization selloffs at distress prices. In short, finance has shown itself to be the new mode of warfare. Resisting debt leverage andfinancial conquest is as legal as is resisting military invasion.
- Greek Debt and the New Financial Imperialism
Resource Type: Article
Published: 2016
Describes how the Greek goverment is forced to extract income and wealth from its workers and small businesses resulting in a new form of financial imperialism that smaller states and economies, planning to join larger free trade zones and 'currency unions' should avoid at all cost.
- Killing the Host
How Financial Parasites and Debt Bondage Destroy the Global Economy
Resource Type: Book
Published: 2015
In Killing the Host, economist Michael Hudson exposes how finance, insurance, and real estate (the FIRE sector) have seized control of the global economy at the expense of industrial capitalism and governments.
- Lifting the Burden of Debt
Resource Type: Article
Published: 1991
- A Marxist History of the World part 105: The 2008 Crash: from bubble to black hole
Resource Type: Article
Published: 2012
The financial crisis represents the end of an era in which greed and casino-madness had been given free rein by market deregulation and rising debt.
- A Marxist History of the World part 106: The Second Great Depression
Resource Type: Article
Published: 2012
Four years after the beginning of the crisis, the neoliberal elite is trapped by the contradictions of the system on which its wealth depends.
- The North-South Institute
Media Profile in Sources
Resource Type: Organization
- Odious Debts
Loose Lending, Corruption and the Thirld World's Environmental Legacy
Resource Type: Book
Published: 1991
- Other Voices: The Connexions Newsletter - July 3, 2015
Greece and thd debt crisis
Resource Type: Serial Publication (Periodical)
Published: 2015
Our spotlight this issue is on the debt crisis facing Greece. To understand the crisis, one has to look beyond the mainstream media to alternative sources of information. We've done that, with articles that set out to analyze the nature of the debt burden that has been imposed on the citizens of so many countries, not just Greece. Also: celebrating Grace Lee Bogg’s 100th birthday.
- Paying Dearly
The International Debt Crisis
Resource Type: Article
Published: 1987
- Playing Fair?
Resource Type: Unclassified
Published: 1990
An ingenious mix of entertainment and information, Playing Fair explains world hunger to high-school students with games and an attention-grabbing format and layout. The kit consists of five lessons, each accompanied by a board game.
- Puerto Rico's default is fine, as long as Wall Street is repaid
Resource Type: Article
Published: 2015
On August 1, 2015, Puerto Rico defaulted on part of its enormous $72 billion debt, paying back only $628,000 on a relatively small $58 million loan that was due at the start of the month. The default, which marks the most serious credit event in US public bond markets since the city of Detroit filed for bankruptcy in 2013, has led many to draw obvious comparisons to Greece – and understandably so.
- The Third World Debt: The Comforts of Newspaper Pie
Resource Type: Article
Published: 1991
Canadians are unaffected by the Third World, since most of it arrives in the form of newspaper headlines.
- Total Debt Freedom Inc.
Media Profile in Sources
Resource Type: Organization
- Wall Street and the Greek Financial Crisis
Resource Type: Article
Published: 2015
Michael Hudson and Bill Black zero in on some of the key elements of the crisis. They point out that it is not really 'Greece', let alone the Greek people, who have contracted this debt and who have been bailed out until now.
- World Debt: Who is to Pay?
Resource Type: Book
Published: 1987
The solution of the debt crisis cannot lie in reducing interest rates or juggling exchange rates. As this book shows, merely servicing the swelling mountain of debt means a relentless increase in the physical resources Third World countries must export to the West. This book explores the responsibility of the creditors for this situation, as well as that of the debtors.
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