Surge in Portuguese Left Bloc Support Puts Socialist Party on the Spot | The Bullet No. 1179

Will Portugal finally see the end of austerity as administered for four years by the right-wing coalition (known as Portugal Ahead) composed of the Social-Democratic Party (PSD) and Democratic and Social Centre-People’s Party (CDS-PP)? In the country’s legislative October 4 elections this governing alliance, running for the first time as a single ticket called Portugal … More Surge in Portuguese Left Bloc Support Puts Socialist Party on the Spot | The Bullet No. 1179

Passos Coelho asked to form minority government in Portugal – FT.com

Pedro Passos Coelho, the centre-right prime minister who lost his parliamentary majority in Portugal’s inconclusive general election three weeks ago, has been appointed to form what could be a shortlived minority government. President Aníbal Cavaco Source: Passos Coelho asked to form minority government in Portugal – FT.com

The Eurozone Crisis, Collective Bargaining, Labour Market Reform and Austerity, 2010-2015

By the summer of 2010, the financial crisis initiated by overleveraged financial institutions had been transformed into a sovereign debt crisis. This was a deliberate tactic of ‘crisis management’ by neo-liberally minded European elites to protect their financial sectors. State intervention to the tune of billions of pounds and Euros recapitalized the banking sectors of … More The Eurozone Crisis, Collective Bargaining, Labour Market Reform and Austerity, 2010-2015

Ahead of Greek election, SYRIZA’s ‘lost generation’ deserts Tsipras | Comment | ekathimerini.com

So divided has SYRIZA’s youth wing become over the direction of Greece’s leftist party, that when its council planned to convene at the end of August, the meeting was abandoned. Too many of its 71 members were on the point of quitting. Source: Ahead of Greek election, SYRIZA’s ‘lost generation’ deserts Tsipras | Comment | … More Ahead of Greek election, SYRIZA’s ‘lost generation’ deserts Tsipras | Comment | ekathimerini.com

Capitalism and Democracy in Greece

There has been no paucity of allusions to Greek tragedy when discussing the current negotiations between Greece and its European creditors: Syriza caught between Scylla of austerity and the Charibdas of ‘Grexit’; Greece’s Sisyphean task of paying down its debt through contractionary austerity policies; the Pyrrhic victory of the no campaign in the austerity referendum; … More Capitalism and Democracy in Greece