Paul Krugman on the Possibility of a Euro Breakup

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The Greek tragedy is reaching a tipping point. Yesterday, we published an open letter written by a group of economists making the case for a European solution. After the Berlin meeting, it has become clear that Angela Merkel intends to stick to her position and won’t be pushed into quick action. Given the dramatic pace [...]

Open Letter to European Policymakers: The Greek Crisis is a European Crisis and needs European Solutions

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Open letter coordinated by the European Trade Union Institute For weeks the attention of the financial markets, media commentators and policymakers has been on the Greek crisis. Yet it has rumbled on. The Greek population is being asked to make painful cuts which will only depress incomes, output and employment further, even as interest rates [...]

Future of Hungarian Left Hangs in Balance After Election Debacle

For weeks prior to the election one of the dominant questions was whether the so-called Warsaw Express would hit the governing Hungarian Socialist Party (MSZP) at full speed, or whether, rather than eviscerating the Socialists completely, the voters would leave them some chance for revival. The Warsaw Express referred to the Polish voters’ decision to [...]

Helping Obama Close Guantanamo is in Europe’s Interest

With a record approval rating of 88% in Germany, President Barak Obama shouldn’t be too much concerned about his plea to Europeans to help him close the detention Camp Guantanamo at the US base in Cuba. But sympathy alone does not lead to a new policy. Obama is learning this the hard way. And Europeans [...]

Inside-out: Goldman Scandal shows who the real Insiders are

The financial world has been rocked – just as it appeared to be recovering its poise – by the news that the US financial market regulator, the SEC, has accused Goldman Sachs, the most masterful of Wall Street’s masters of the universe, of fraud. Investigations into Goldman are being launched in Britain, Germany and other [...]

Tackling Inequality and Poverty at Source: The Importance of Child Well-being

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UNICEF UK’s vision is a world in which every child’s rights are fully realised. So, as the UK General Election, due to take place on May 6th, draws nearer, we are calling on politicians to pledge their support for children’s rights and policies which help to ensure these rights are fully realised. It is reassuring [...]

Where is the Money? Europe Should Keep its Promises

The following questions were hotly debated in last year’s European Council meetings: How much financial assistance should Europe deliver in the run up to Copenhagen? In which time-frame, and under which conditions? With the financial and economic crisis in the back of everyone’s minds, none of the 27 heads of state and government attending last [...]

Taming the Tiger – The Challenge for European Social Democracy

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Can social democracy hold the tiger of capitalism in check or is global capital now too liquid for any social democracy to control? Is the carefully managed European balance between people and capital becoming unsustainable and should we be looking for alternative, more humane, economic strategies? Capitalism has brought many benefits to western Europe and [...]

The ecological Cost of human Inequality: Why only a better Society can save the Planet

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One of the most promising developments in these otherwise challenged and war-ridden times, is the new wealth of data on the material effects of human wealth-inequalities.[1. See for example Richard Wilkinson and Kate Pickett, The Spirit Level: why more equal societies almost always do better (Penguin 2009).] Inequality is no longer “just” a moral issue; [...]

Towards Self-Governance: The new ‘progressive’ Conservative Agenda

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Unveiling his party’s 2010 general election manifesto, David Cameron, the leader of the British Conservative Party last week put forward his idea of the ‘big society’. What Cameron branded as the modern Conservative approach deliberately distances itself from the Thatcherite mantra of individualism and emphasises the capacity of local communities to be empowered to manage [...]

Real political Change comes from organised People

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As the parties revealed their manifestos last week, there was an unseemly battle over who first introduced the living wage. David Cameron (wrongly) claimed that the living wage was a Conservative policy brought in by Mayor Boris Johnson. This prompted former Labour Mayor Ken Livingstone to remind Mr. Cameron that it was his administration that [...]

What the Doomsayers Haven’t Been Telling You about Greece

The recent battle over healthcare reform in the United States, in which the Obama administration was barely able to pass weak reform, is just further proof of how far the US has fallen behind Europe. Yet all the media has been able to obsess over for the last couple of months is – the Greek [...]