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"A Eurozone Report Card 2013" by John Weeks
John Weeks Three and one-half years ago the infamous Troika (IMF, European Commission and the European Central Bank, with the German government in close attendance) began its unsuccessful attempt to...
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"Who Will Be The Winners In The Global Economy?" by John Weeks
John Weeks At the end of every calendar year we find in the print media an abundance of articles boldly predicting things to come in the near and far future. Along with the lists of what will be “in”...
View Article"The UK Doubles Down On Austerity" by John Weeks
SEJ author John Weeks has recently been interviewed by the Real News Network about the strength of the British economic recovery and its current policy course. Weeks criticises that despite a poor...
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"The Economics Of Social Democracy" by John Weeks
John Weeks In a recent article in the Social Europe Journal Shayn McCallum develops in some detail his interpretation of the “political economy” of social democracy. Central to his approach is the work...
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"Chancellors, Fools And The UK Recovery" by John Weeks
John Weeks I grew up in Texas where state and local judges are elected, not unusual in the United States. In most states minimum legal qualifications are required for a person to stand for judge. Not...
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"Alter The European Union: A Conference In Helsinki For Progressive Change"...
John Weeks At the end of March a coalition of progressive parties and groups organized a meeting in Helsinki focusing on fostering change in the European Union (political program summarized here). For...
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"The European Elections – Looking For Bright Spots" by John Weeks
John Weeks Democracy versus Neoliberalism Over four days, 22-25 May, citizens of European Union countries vote for representatives to the EU parliament in Strasburg, an opportunity that a very large...
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"Why Is Capital In The 21st Century (C21C) Such A Success?" by John Weeks
John Weeks About a month ago — this is a true story — after a meeting of Economists Against Austerity, I hailed a taxi in Westminster (the workers of the underground system were on strike). During the...
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"Inequality is Falling Globally! (And Similar Nonsense)" by John Weeks
John Weeks I bet you think that the rich are getting richer and the poor poorer. A few well-known facts might lead you to this conclusion. For example, in the United States income after tax per...
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"The EU Recovery That Never Was" by John Weeks
John Weeks Economic recovery in the Eurozone is not delayed. It is non-existent. The Financial Times for the first day of October carried several articles assessing the European economies, written as...
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"Why The Structural Deficit Does Not Exist" by John Weeks
John Weeks Deficit Politics A few days ago the Italian government objected to the way that putative technocrats at the European Commission calculated their country’s “structural deficit”. To all but...
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"This is Recovery? Germany, ‘Powerhouse’ In Need Of A Jump-Start" by John Weeks
John Weeks The German government has been a strong supporter of austerity programmes, arguing that the associated goals of deficit and debt reduction provide the best, if not the only, route to...
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"Grexit: When Not If" by John Weeks
John Weeks The mainstream English language media consistently misinformed the public about the conflict between the Greek government and the Troika (aka “the Institutions”, the IMF, European Central...
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"German Vice-Chancellor Says Tsipras Is Threat To “European Order”– And He Is...
John Weeks Faced with a decision that would conflict with its promises to the Greek people no matter what choice it makes, the Syriza government has taken the obvious step required in a democratic...
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"Economic Recovery? Why Eurozone Under-performance Continues" by John Weeks
John Weeks Prior to the release of growth statistics in the middle of August there was widespread expectation that a sustained eurozone recovery would at last be verified. However, the numbers showed a...
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"Euro Deflation And How To Interpret It" by John Weeks
John Weeks If you read Larry Summers in the Financial Times, you know that recent data confirm falling prices in the euro zone. Summers argues that the deflation indicates global stagnation, though we...
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"The Eurozone: Deflationary Boom Or Deflationary Bust?" by John Weeks
John Weeks Several years ago the idea that fiscal austerity could induce growth, “expansionary austerity”, had a brief flowering before withering under the heat of ridicule. Recently it resurfaced...
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"EU Stagnation Continues: Deja Vu All Over Again" by John Weeks
John Weeks With the returning regularity of a bad habit, the Financial Times reassures us that yet again German economic growth snatches the euro zone from the jaws of recession. Just a day later the...
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"Why We Need To Rewrite The Maastricht Rules" by John Weeks
John Weeks The 1992 Treaty of Maastricht that lay the basis for the euro committed signing governments to several economic targets. Subsequent treaties and protocols made these targets stricter. The...
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"The Six-Pack: EU Mandate For Bad Economic Policy" by John Weeks
John Weeks History provides many examples of authoritarian rule achieved through formally democratic procedures. To these we should add the EU Treaty on Stability, Coordination and Governance (TSCG,...
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