What happens when the media report the crimes of the elite, amid the worst economic crisis in decades? They get threatened—sometimes with their lives.
You know you’re in trouble when the master of structural adjustment says enough is enough.
In Andalusia, they’re fighting unemployment and austerity with flamenco protests, house squatting and a reinvigorated leftist coalition.
As politicians dither, the threat of default spreads from Greece to Spain and Italy.
Not really. But debates on rising inequality are now de rigueur at the World Economic Forum.
The strange thing about last week’s Brussels compact is that it is irrelevant to the task at hand—avoiding collapse of the euro.
Mariano Rajoy’s right-wing party crushed the socialists, but Spain’s fate depends more on bond traders and central bankers than its cabinet.
After months of political upheaval and chaos in the bond markets, few investors believe austerity programs are a route to growth and debt reduction.
Caught in debt, being fed the poison of austerity, the victims of Europe’s crisis seek a path out.