Austerity – DEMAGAGA

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Greece’s Golden Dawn Offers Greek Youth a Far-Right Alternative

Austerity and its effects on Greek society have caused many disaffected youth to seek political solutions to their social ills, a trend that Greece’s far-right Golden Dawn party is exploiting to the worry of many progressive Greeks. Armed with a nationalistic and anti-immigrant message, the Golden Dawn promises unemployed youth an outlet for their […]

Should Britain Continue Foreign Aid to India?

The United Kingdom gives India, a former colony, over £1.4 billion annually in development aid but many Britons are questioning this given that India is quite developed, even boasting its own space program. Economists estimate that India’s economy will overtake Britain’s by 2022 with 20% annual increases in the number of millionaires in India […]

Three-Party Coalition Greek Parliament Passes Law to Boost Tax Revenues by $3 Billion Annually

The move comes from the coalition government in Greece’s parliament in order to appease creditors to the debt-ridden state as part of its bailout agreements. The law raises taxes on top earners, simplifies tax brackets, and extends income taxes to farmers. As part of its $45.5 billion bailout, Greece has to pass such laws even […]

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Newly Elected French President Francois Hollande Declares: ‘My enemy is the world of finance.’

Francois Hollande, fresh off of his victory over former French President Nicolas Sarkozy, declared during the campaign that the ‘world of finance’ is his enemy and now he has a chance to make good on his promises to dilute the power of the financial sector in French politics. Among his proposals include increasing taxes on […]

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Talks to Form Greek Coalition Government Collapse – New Elections Expected as Euro Zone in Turmoil

Greek President Karolos Papoulias has announced that talks to form a coalition, technocratic government have failed and new elections are expected. Evangelos Venizelos, leader of the Panhellenic Socialist Movement (PASOK), has presided over three failed coalition talks and is now instrumental in forming a caretaker government to chaperone Greece into its next round of elections. […]

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Germany Threatens to Cut Greece Off

Responding to Greek leftist coalition Syriza’s leader Alexis Tsipras’ vow to abandon the debt resettlement terms, German leaders vowed today to cut Greece off from any international monetary aid if they fail to support the debt renegotiation settlement terms. Struggling to form a government in the wake of the May 6 elections, Greece’s leadership has […]

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Wall Street: The Intersection of Money and Power in the American Empire, Part 2

Watch Money, Power and Wall Street: Part One on PBS. See more from FRONTLINE. Part II of the PBS special documentary about money, power and politics in the United States. Politics, money, and power are three concepts typically associated together, particularly with regard to the American political system. Often cited by critics as one of […]

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Greek Political Crisis Emerges as Leftist Coalition Syriza’s Leader Alexis Tsipras Vows to Reject Austerity

The fate of Greece rests in the hands of a newly elected far-left leader, Alexis Tsipras, propelled to power on a platform that Greece could no longer support her international loan agreements. The anti-austerity, leftist coalition, Syriza, emerged surprisingly strong after this past weekend’s poll, winning 16.8% of the vote. News of Greek anti-austerity measures […]

News

Wall Street: The Intersection of Money and Power in the American Empire, Part 1

Watch Money, Power and Wall Street: Part One on PBS. See more from FRONTLINE. Politics, money, and power are three concepts typically associated together, particularly with regard to the American political system. Often cited by critics as one of the main democratic deficiencies of the American political system, the convenient marriage of money and power […]

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Greek Rage at the Polls Results in Seats in the Parliament for Nationalist, Neo-Nazi Party the Golden Dawn

The start of voting in an early general election in Greece has not gone well for proponents of the European idea: After two years of austerity and financial crisis, the Greek public is turning away from the traditional conservative New Democracy party and the socialist Pasok, the two poles of Greek political life for decades. […]