SANCTIONS BLOWBACK

Marcel Fratzscher argues that with the crisis in Ukraine intensifying, the United States and the European Union are locked in a battle of wills – and sanctions – with Russia. Indeed, in retaliation for the intensification of Western financial sanctions, Russia has announced a ban on food and agricultural imports from the US and the EU. But the real threat to the West lies in the potential impact of a financial crisis sparked by its own sanctions against Russia.

ARGENTINA’S GRIESAFAULT

Joseph Stiglitz and Martin Guzman argue that sovereign defaults are common events with many causes. For Argentina, the path to its 2001 default started with the ballooning of its sovereign debt in the 1990s, which occurred alongside neoliberal “Washington Consensus” economic reforms that creditors believed would enrich the country.

INEQUALITY IS A DRAG

Paul Krugman argues that for more than three decades, almost everyone who matters in American politics has agreed that higher taxes on the rich and increased aid to the poor have hurt economic growth.

ΜΑΡΤΥΣ ΜΟΥ Ο ΘΕΟΣ …ΣΤΗΝ ΠΑΡΟ

Το new-Deal επιλέγει να αναδείξει το μυθιστόρημα του Μάκη Τσίτα, “Μάρτυς μου ο Θεός” το οποίο θα παρουσιαστεί την Κυριακή 17 Αυγούστου 2014, στις 21:15, στο πλαίσιο του 1ου Karma Πολιτιστικού Φεστιβάλ Αυγούστου 2014 στην Πάρο.

Η ΖΩΗ ΔΙΠΛΑ ΣΤΟ ΑΠΕΡΑΝΤΟ ΕΛΛΗΝΙΚΟ ΓΑΛΑΖΙΟ

Η ζωή δίπλα στο απέραντο ελληνικό γαλάζιο, με το www.atticacoast.gr και www.atticacoast.com. Είναι ένα νέο και πολύ φρέσκο site που έχει το βλέμμα στραμμένο σε αυτό που ονομάζουν Ελληνική Ριβιέρα, αλλά ουσιαστικά είναι κάτι το μοναδικό και ξεχωριστό.

KNOWLEDGE ISN’T POWER

Paul Krugman argues that economists used to assert confidently that nothing like the Great Depression could happen again. After all, we know far more than our great-grandfathers did about the causes of and cures for slumps, so how could we fail to do better? When crises struck, however, much of what we’ve learned over the past 80 years was simply tossed aside.

EUROPE’S SURPLUS OF STAGNATION

Robert Skidelsky argues that Germany’s current-account surplus – the largest in the eurozone – is not a new phenomenon. It has existed since the 1980s, falling only during reunification, when intensive construction investment in the former East Germany more than absorbed the country’s savings. The external surplus has grown especially rapidly since the early 2000s. Today, it remains close to its pre-crisis 2007 level, at 7.4% of GDP.

ADDICTED TO INFLATION

Paul Krugman argues that the first step toward recovery is admitting that you have a problem. That goes for political movements as well as individuals.

GAZA SITUATION REPORT (STRATFOR)

new-Deal chooses to elect an article of George Friedman, which is published to Gaza Situation Report and republished with permission of Stratfor, (a company which is now a leader in the field of global intelligence) via www.makisandronopoulos.blogspot.gr

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