The euro lurches towards the abyss – but does the Left have a Plan B?
With the eurozone engulfed in a semi-permanent state of crisis, Ann Pettifor outlines five steps the global Left can take towards a Plan B.
euro
Boris’s call for Euro break-up would be disastrous for the UK
The full scale of European debt is now becoming clear – as well as the UK’s exposure to it. Default would massively damage Britain, eurobonds need to be introduced.
Eurozone must pool its debt for any chance of halting the crisis
Northerners may not like it, but a debt union is the only way out for the eurozone debt crisis, writes Left Foot Forward’s Ben Fox in Brussels.
Labour should break from the consensus and call for Greece to default
Labour needs to have an independent voice on Greece; the party’s internationalism puts it on the side of the Greek people, writes Labour MP Barry Gardiner.
Is it really best if Greece goes bust?
Ben Fox berates the eurozone for dithering and duplicity over the Greek debt crisis and asks which of the available options are best for Greece.
What would happen if Spain follows Ireland over the edge?
On Monday the big news of the day was the Ireland bailout. Yesterday, the follow-on story was Portugal’s general strike which could push the country over the edge. But the nagging doubt in everyone’s minds in the European power-centres today will be neither: it will be the much worse possibility, remote or otherwise, that Spain might follow: Spanish euro spreads reached a record 260 basis points yesterday, making it is very expensive for Spain to borrow.
Ireland on the brink: Time for the Second Republic?
Twenty four months into its economic crisis and Ireland is finally beginning to address the fundamental issues that caused its national disaster, starting with the unique Irish mentality and its parochial political system.