The lessons of the last crisis always seem to be forgotten, and the financial world continues to grow and pose a risk to economy and planet. We Greens must marshal all our energy and ideas to reign it in.
The analysis and publication by journalists of previously confidential data from known tax havens – widely known as “Offshore Leaks” – has excited media interest around the world. However, one important aspect was not addressed by the media: not only do tax havens lead to the loss of tax revenues and enable capital flight and money laundering, but they were also a major contributory factor to the financial crisis of 2007/2008 and continue to jeopardize the stability of the financial market
Thanks to the action of the Greens/EFA Group in the European Parliament some holes have been opened in the mainstream orthodoxy. But we are far from being protected from another systemic crisis. The financial sector continues to blackmail governments and traditional parties. Taxpayers are still paying for the mistakes of the banks. This is an interview with Philippe Lamberts, Green MEP and member of the Committee for Economic and Monetary Affairs, who along with his colleague Sven Giegold, is one of the main actors in the struggle against mainstream financial orthodoxy.
We should not forget what exactly provoked the mass protests that eventually led to the fall of the old regime in Kiev: it was the then President Yanukovych’s sudden decision not to sign the Association Agreement with the EU. Ten years after the ‘Orange revolution’, the dramatic change of events in February 2014 have given Ukraine and Europe a second chance.
Despite some positive signs, the European economy remains extraordinarily weak. To escape deflation and solve problems like unemployment, what is needed is a whole new approach to getting money into the economy.
What is the impact of changes to the Polish pension system? A discussion.
The 2007 financial crisis evidenced the weaknesses of the Eurozone. Since then, European policymakers have tried to save the euro and the European financial market. As consequence of the economic and political instability of the last years the European Central Bank has de facto gained more power vis-à-vis the other European Institutions and political actors. Today the ECB is fundamental for determining Member States’ economic policies in all areas, not only monetary policy.
Success or failure? That is the question supporters in Germany of an Unconditional Basic Income have to ask themselves following the end, on 14 January, of the European Citizens’ Initiative, which for technical reasons did not quite run for a full year.
For some three months now hundreds of thousands of Ukrainians have been protesting in Maidan square, Kiev’s legendary square of independence, which was home to the Orange Revolution of 2004. The Yanukovych government ordered a violent police response to the protests. Since December hundreds have been injured and since February 18th, dozens killed. With the country as divided as it’s ever been, the Ukrainian government is attempting to close itself off to the rest of the world and continue the increasingly brutal and bloody repression. There is reason to fear the worst in this rapid radicalization of a government that is cosy with Moscow, especially while the world’s gaze is firmly on the medal count in Sochi.
The sovereign bail-outs of Greece, Ireland, Spain and other countries are often framed as loans handed out to the poor, irresponsible countries of the periphery by rich, responsible countries like Germany. They might come with very harsh conditions attached, but their aim is nonetheless to help the recipients. But is that really the case? A closer look actually reveals a more disturbing side to the bail-outs, which begs the question: is it the debtors or the creditors that ultimately are being rescued?