Michael Hudson: EU: Democracy Incompatible with Debt Collection + Jon Corzine’s MF Global Firm Collapses

by Michael Hudson
Featured Writer
Dandelion Salad
Nov. 3, 2011

Democracy Now
Nov 3 2011

AMY GOODMAN: World leaders are gathering in Cannes for the opening of the Group of 20 summit today. That’s the G20 summit. On the top of the agenda is Greece and the European debt crisis. The Greek prime minister, George Papandreou, is coming under intense criticism from European leaders for allowing the Greek people to decide if they want to accept the conditions of a $179 billion E.U. bailout. Continue reading

Max Keiser: Greece run by financial terrorists + Satyajit Das: Global economic chaos + James Howard Kunstler: The Political Awakening

Dandelion Salad

on Nov 2, 2011

Global stock markets have plunged over Greece’s shock announcement that it would hold a referendum on an EU bailout deal.

The decision has raised fears that a rejection of the unpopular EU agreement will renew risks of a Greek default and might even force the country to leave the eurozone.

Continue reading

EU: Class War Declared By Michael Hudson

Dandelion Salad

By Michael Hudson
Information Clearing House
June 03, 2011

Απεργία 5 Μάη

Image by ΠΡΙΝ via Flickr

Replacing Economic Democracy with Financial Oligarchy

“But if a country is still not delivering, I think all would agree that the second stage has to be different. Would it go too far if we envisaged, at this second stage, giving euro area authorities a much deeper and authoritative say in the formation of the country’s economic policies if these go harmfully astray? A direct influence, well over and above the reinforced surveillance that is presently envisaged? Jean-Claude Trichet, President of the ECB on receiving the Charlemagne prize for European unity (Aachen, 2 June 2011)

Continue reading

The Heresy Of The Greeks Offers Hope By John Pilger

[tweetmeme source= “DandelionSalads” only_single=false]

Bookmark      and Share


By John Pilger
Information Clearing House
May 19, 2010

As Britain’s political class pretends that its arranged marriage of Tweedledee to Tweedledum is democracy, the inspiration for the rest of us is Greece. It is hardly surprising that Greece is presented not as a beacon but as a “junk country” getting its comeuppance for its “bloated public sector” and “culture of cutting corners” (the Observer). The heresy of Greece is that the uprising of its ordinary people provides an authentic hope unlike that lavished upon the warlord in the White House.

The crisis that has led to the “rescue” of Greece by the European banks and the International Monetary Fund is the product of a grotesque financial system which itself is in crisis. Greece is a microcosm of a modern class war that is rarely reported as such and is waged with all the urgency of panic among the imperial rich.

Continue reading

Greek PM George Papandreou on Global Warming, Socialism and Democracy

Bookmark and Share


Democracy Now!
Jan. 4, 2010

Greek PM George Papandreou on Global Warming, Socialism and Democracy

We interview Greek Prime Minister George Papandreou about climate change and greenhouse gas emission, socialism, democracy and much more. As the head of Greece’s Socialist Party, Papandreou became prime minister in October after the Socialists trounced the center-right government in national elections, winning 44 percent of the vote, their largest victory ever. Papandreou is also the president of Socialist International, a coalition of national Socialist parties. [includes rush transcript]

Continue reading