Capitalism & Crisis

Everything on global finance and the world economy.

The PAH: defending the right to housing in Spain

by Timothy Ginty on July 23, 2015

Post image for The PAH: defending the right to housing in Spain

In Spain, where the government bails out banks, the Platform for People Affected by Mortgages (PAH) bails out families and defends their right to housing.


Post image for The problem with center-left critiques of neoliberalism

The Polanyian preoccupation with the social limits to the expansion of the market is really just a distraction from our own investment in the status quo.


Post image for Greece’s capitulation reveals deep conflicts within Eurozone

Rather than resolving the euro crisis, Tsipras’ unexpected U-turn has revealed deep conflicts among the creditors, who now fight over how to respond.


Post image for Greece should reject the Eurozone’s latest ultimatum

Just two days after Greek voters rejected their creditors’ ultimatum, Tsipras is given another one. It’s time to follow the people’s lead and say NO.


Post image for Greece’s resounding OXI shakes Europe to the core

The outcome of Sunday’s historic referendum marks a historic victory for people power — but with euro exit looming, Greece’s future remains wide open.


Post image for Our responsibility to vote ‘NO’ in the Greek referendum

A yes vote would entail a major setback for popular struggles; a NO vote, by contrast, would open up radical new horizons for the grassroots movement.


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.


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.

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