Photo by Kristoffer Rolle UPDATE:  The resounding victory for the “No” vote in Greece’s referendum on Sunday shows that the vast majority of Greeks agree with the vast majority of economists that the European authorities' program has failed... Read more

Dispatches 2 Comments

Photo by Sam Valadi International financial institutions are playing a game of chicken with Greece. Let’s hope they back down. “Ultimately, the European authorities—including the German government—are going to make some concessions because ... Read more

Op-Eds 3 Comments

European officials are finally acknowledging that democracy matters. Image credit: Getty Read more


Life has a price in Greece today. It is worth just 25 Euros, or about $35. That's the price of admission to a public hospital since the beginning of the year. And it only gets your foot in the door, with other fees that follow. Read more

Dispatches 1 Comments

This is the second time in my lifetime I woke up with the absence of public radio and television. Once when the Junta of the colonels fifty-five years ago brought out the tanks and took over the public broadcast stations and now when this tripart... Read more


The IMF's supposed mea culpa for its role in the social and economic collapse in Greece rings hollow.True to form, the IMF still insists that even if didn't fully realize the havoc its insistence on radical belt-tightening would create, on the wh... Read more


This is the fifth year of a deep economic crisis that has gradually affected all aspects of economic and social life across the Eurozone, and the third year of bailout agreements for peripheral countries that have made daily survival for working ... Read more


Finally, the subject of Germany's war debt to Greece has surfaced.During World War II, Hitler forced credit on the Greek Quisling Government after looting its banks in 1943. This debt, $205 billion in today's money, plus the interest since 1945, ... Read more


With unemployment at almost 30% for the general population, 50% for those under 30, with suicides surpassing depression-era levels, with a rising neo-Nazi movement that preys on the fears of the less-educated, and with a powerless coalition gover... Read more