Category Archives: Eurozone

As Ukraine violence escalates, leaked tape suggests the US was plotting coup

As Ukraine violence escalates, leaked tape suggests the US was plotting coup

“Where do you want me to begin? I mean, we are watching history being made, but history of the worst kind. That’s what I’m telling my grandchildren: Watch this. What’s happening there, let’s take the big picture, then we can go to the small picture. The big picture is, people are dying in the streets every day. The number 50 is certainly too few. They’re still finding bodies. Ukraine is splitting apart down the middle, because Ukraine is not one country, contrary to what the American media, which speaks about  the Ukraine and  the Ukrainian people. Historically, ethnically, religiously, culturally, politically, economically, it’s two countries. One half wants to stay close to Russia; the other wants to go West. We now have reliable reports that the anti-government forces in the streets—and there are some very nasty people among them—are seizing weapons in western Ukrainian military bases. So we have clearly the possibility of a civil war.”

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Turkey in crisis: understanding the Erdogan/Gulen split

Turkey in crisis: understanding the Erdogan/Gulen split

“In 2002, when the AKP Party came to power in Turkey, it was considered a new form of Islamic government. It was a marriage, some said, of neoliberalism and Islam. And this was going to be the alternative to the Iranian or even the al-Qaeda model. Turkey was headed, sooner or later, everyone thought, into the European Union. Certainly many forces on both sides within Turkey and Europe wanted it. Of course, there were many opponents. But it was a system, a government, an economy that was fully integrated into global capitalism, and increasingly with success.”

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Spain Ends Two-Year Recession

World

For the first time in two years, Spain has announced growth in its GDP over the last quarter, signaling an end to the protracted recovery of its still-fragile economy.

After contracting for nine straight quarters, the country’s GDP grew by 0.1% between July and September 2013, the BBC reports.

Spain’s economy was one of the worst hit by the global financial crisis. Since the burst of its property bubble in 2008, the country has experienced from massive street protests against austerity measures and Europe’s highest unemployment rate of 26%.

[BBC]

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Angelos Tzortzinis’s Photos of Growing Desperation in Greece

Angelos Tzortzinis’s Photos of Growing Desperation in Greece

“With the country heading into the fifth year of economic depression, and unemployment near 60 percent for young people, greater numbers of women and men are offering their bodies for next to nothing to get any scrap of money. According to the National Center for Social Research, the number of people selling sex has surged 150 percent in the last two years.”

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