Germany Got a Way Bigger Bailout Than It’ll Give Greece—and It Led to a More Peaceful Europe Germany Got a Way Bigger Bailout Than It’ll Give Greece—and It Led to a More Peaceful Europe
In 1953, the London Debt Agreement canceled half of Germany’s debt. Greece will not get quite so generous a deal.
Jul 14, 2015 / Miranda Katz
The Troika’s Ultimatum to Greece Is Terrible. Leaving the Euro Would Be Worse. The Troika’s Ultimatum to Greece Is Terrible. Leaving the Euro Would Be Worse.
Those who blithely call for exit haven’t fully imagined what that would mean for Greek citizens.
Jul 13, 2015 / Editorial / Maria Margaronis
The Roots of Puerto Rico’s Debt Crisis—and Why Austerity Will Not Solve It The Roots of Puerto Rico’s Debt Crisis—and Why Austerity Will Not Solve It
The US government is at least partially responsible for the emergency, which is affecting millions of what are effectively second-class US citizens.
Jul 8, 2015 / Ed Morales
Martin O’Malley Has the Right Solution for Puerto Rico’s Debt Crisis Martin O’Malley Has the Right Solution for Puerto Rico’s Debt Crisis
The Democratic contender came out early with a humane response to the commonwealth’s woes—and now other candidates are getting on board.
Jul 7, 2015 / John Nichols
Will Europe’s Leaders Come to Their Senses About Greece? Will Europe’s Leaders Come to Their Senses About Greece?
The time is now for Europe’s leaders to understand that this crisis is not about accounting, but the continent’s future.
Jul 7, 2015 / Katrina vanden Heuvel
Austerity Has Failed: An Open Letter From Thomas Piketty to Angela Merkel Austerity Has Failed: An Open Letter From Thomas Piketty to Angela Merkel
Five leading economists warn the German chancellor, “History will remember you for your actions this week.”
Jul 7, 2015 / Thomas Piketty, Jeffrey D. Sachs, Heiner Flassbeck, Dani Rodrik, and Simon Wren-Lewis
Greek Voters to Eurozone: We Can’t and Won’t Do This Anymore Greek Voters to Eurozone: We Can’t and Won’t Do This Anymore
A “No” vote meant acknowledging the end of the fantasy of a benevolent, neutral Europe and taking a leap of faith into the unknown.
Jul 6, 2015 / Maria Margaronis
How the Federal Reserve Could Help Give You a Raise How the Federal Reserve Could Help Give You a Raise
Economists are exploring ways the Federal Reserve might help close the gap on inequality.
Jun 30, 2015 / William Greider
No Matter Who Wins, 2016 Will Be All About the Bankers No Matter Who Wins, 2016 Will Be All About the Bankers
Jeb Bush and Hillary Clinton will face off in the presidential race—but the real battle will be between the billionaires backing them.
Jun 24, 2015 / Nomi Prins
Will Europe’s Leaders Push Greece to the Breaking Point? Will Europe’s Leaders Push Greece to the Breaking Point?
The crisis isn’t quite as dire as the media often portray it, but still—this is a dangerous moment for Greek democracy and for Europe.
Jun 21, 2015 / Maria Margaronis