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 Greeceā€™s biggest banks witnessed the largest decline, down to its 30 percent daily limit. This was the worst stock market bloodbath in decades despite […]

The Global Economic Crisis, The Great Depression of the XXI Century

We are not dealing with a narrowly defined economic crisis or recession. The global financial architecture sustains strategic and national security objectives. In turn, the U.S.-NATO military agenda serves to endorse a powerful business elite which relentlessly overshadows and undermines the functions of civilian government
Each of the authors in this collection digs beneath the gilded […]