Does the deficit really matter?

An anti-austerity march in central London in June 2014

It has become an article of faith among the financial, economic and political commentariat in Britain and Europe that a budget deficit is an important issue, and one that requires urgent redress. In the UK, this partly results from domestic politics. Over the last five years, government rhetoric has argued that deficit reduction through government cuts… Continue Reading ➤

Greece, Europe and the Troika: Colonialism in Action?

I'm with stupid?: Slavoj Zizek and Oliver Stone meet Greece's Alexis Tsipras in May 2013

In the week following the Greek legislative elections on January 25th 2015, Syriza’s victory was hailed across Europe as marking the end of economic austerity and a new beginning for the country. Indeed, it is undeniable that the recent negotiations between Greece and the Eurozone were an outstanding Greek victory on the linguistic front: bailout extensions… Continue Reading ➤