Should Greece Leave the Euro? Should Greece Leave the Euro?
Economists disagree on whether it’s the best of what are now only bad options. But they do agree on one thing: The latest bailout plan will only lead to more suffering.
Jul 20, 2015 / Asha Thanki
Elizabeth Warren Just Issued a Major Challenge to All Presidential Contenders Elizabeth Warren Just Issued a Major Challenge to All Presidential Contenders
Warren urges the candidates (read: Hillary Clinton) to push for legislation that would curb Wall Street’s influence in politics.
Jul 17, 2015 / George Zornick
Austerity Has Been Discredited. So Why Won’t It Die? Austerity Has Been Discredited. So Why Won’t It Die?
Greece has been pushed to the brink not to help its economy, but to show who’s in charge.
Jul 16, 2015 / Sarah Leonard
How Goldman Sachs Profited From the Greek Debt Crisis How Goldman Sachs Profited From the Greek Debt Crisis
The investment bank made millions by helping to hide the true extent of the debt, and in the process almost doubled it.
Jul 16, 2015 / Robert B. Reich
Progressives Aim to Push Hillary on Wall Street Reform Progressives Aim to Push Hillary on Wall Street Reform
Clinton pleased activists with her speech earlier this week, but won’t be backing one key reform.
Jul 15, 2015 / George Zornick
Why Is It So Hard for Corinthian Students to Get Their Promised Debt Relief? Why Is It So Hard for Corinthian Students to Get Their Promised Debt Relief?
Many former students of the disgraced diploma mill remain in a financial straitjacket, lacking the resources and legal savvy to navigate an opaque relief process.
Jul 15, 2015 / Michelle Chen
Why the Spanish Government Opposes Debt Relief for Greece Why the Spanish Government Opposes Debt Relief for Greece
Any concession to Syriza could translate into an electoral boost for Spain’s own anti-austerity party, Podemos.
Jul 14, 2015 / Sebastiaan Faber and Bécquer Seguín
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 / 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