Financial Meltdown, Protracted Negotiations: Will the Greek Bailout Deal Work?

On Monday (3rd August) when the Athens Stock Exchange reopened after a five-week shutdown, the share price index plunged by more than 23 percent in early trading. The banking index covering Greece’s biggest banks witnessed the largest decline, down to its 30 percent daily limit. This was the worst stock market bloodbath in decades despite […]

Global Economic Crisis: The Latest Cumulative Impact of America’s Aggressive “Regime Change” Strategy

Crashing global stock markets – punctuated by the bracing 1,000-plus point drop in the Dow Jones Industrial Average at the start of Monday’s trading before a partial bounce-back – are a reminder about the interdependence of today’s world economy and a wake-up call to those who think that the neocon-driven ideology of endless chaos doesn’t carry […]