Archives for

debt

Deficit easing – an alternative to severe austerity programmes in the eurozone

The EU's collective austerity programme will do little or nothing to save the problem countries - Ireland, Greece, Portugal and Spain - from default and the rescue fund set up by the IMF and the ECB will only buy time before they do so. Richard Douthwaite argues that a limited, targeted injection of non-debt-based euros could provide a neat and swift solution to a debt problem the whole eurozone shares.

Money Theory – A Primer on the Issues

The group organising the newly formed 'Cafe Economique' in Nottingham wanted an introduction to basic money theory for their first public event on Thursday 30th June and this article, written by Feasta member Brian Davey, was the result. The extended version of the talk, with notes on sources and for further reading, relates basic concepts to what is happening in the world right now, inclusive of the Greek financial crisis, and what should be done about it.

Wolf at the door of the Eurozone!

Martin Wolf says : The eurozone confronts a choice between two intolerable options: either default and partial dissolution or open-ended official support. The existence of this choice proves that an enduring union will at the very least need deeper financial integration and greater fiscal support than was originally envisaged.