Jerome Roos

Post image for It was the creditors who pushed Greece over the edge

If they had truly cared, the creditors could have easily prevented a default. Sadly, they found it more important to punish Greece and set an example.

{ 1 comment }

The IMF defaulted on Greece a long time ago

by Jerome Roos on June 30, 2015

Post image for The IMF defaulted on Greece a long time ago

Even its own officials recognize that the IMF played a leading role in Greece’s economic collapse. It is time for the Fund to own up and pay its dues.


Post image for Greek referendum: euro crisis explodes into dramatic climax

Those who accuse the Greeks of “recklessness” are mistaken: the creditors’ utter contempt for democracy left them with no other choice but a rupture.


Post image for In Turkey, a perfect storm gathers on the horizon

A financial crisis looms in Turkey as internal instability and external pressures reveal the contradictions of Erdoğan’s debt-driven development model.

{ 1 comment }

Post image for Why does Greece not simply get it over with and default?

History has shown that defaulting countries tend to fall harder but recover faster. So why does Greece’s left-led government not simply get it over with?


Post image for Monster bubbles: the delayed crisis of capitalism resurfaces

Seven years since the bursting of a US housing bubble led to financial meltdown, investors and policymakers are already well on their way to the next.


Blockupy protesters crash ECB housewarming party

by Jerome Roos on March 19, 2015

Post image for Blockupy protesters crash ECB housewarming party

Thousands converged upon Frankfurt to block the celebration of power and take the resistance to austerity into the heart of the European crisis regime.


Post image for In Amsterdam, a revolt against the neoliberal university

The student occupation at the University of Amsterdam speaks to a deepening crisis of higher education not just in the Netherlands but across the globe.


Ending austerity in Greece: time for plan B?

by Jerome Roos on February 26, 2015

Post image for Ending austerity in Greece: time for plan B?

Syriza’s “head-long retreat” in the standoff with its creditors hails the failure of Tsipras’ pro-euro strategy. It’s time to start preparing for Grexit.


Post image for Syriza will have to choose between Scylla and Charybdis

Greece’s leftist government will soon have to confront a critical question: will it accept its creditors’ demands, or will it take unilateral action?