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Arabica Robusta

The Right Left for Europe by Yanis Varoufakis - Project Syndicate - 0 views

  • As Tory turned mercilessly against Tory, the schism in the Conservative establishment received much attention. But a parallel (thankfully more civilized) split afflicted my side: the left.
  • As I travel across Europe, advocating a pan-European movement to confront the EU’s authoritarianism, I sense a great surge of internationalism in places as different from one another as Germany, Ireland, and Portugal. Distinguished Lexiteers, like Harvard’s Richard Tuck, are prepared to risk quashing this surge. They point to pivotal moments when the left took advantage of Britain’s lack of a written constitution to expropriate private medical business and create its National Health Service and other such institutions. “A vote to stay within the EU,” Tuck writes, “will…end any hope of genuinely left politics in the UK.”
  • Many leftists find it hard to fathom why I campaigned for “Remain” after EU leaders vilified me personally and crushed Greece’s “Athens Spring” in 2015. Of course, no truly progressive agenda can be revived through the EU institutions. DiEM25 was founded on the conviction that it is only against EU institutions, but within the EU, that progressive politics has a chance in Europe. Leftists once understood that the good society is to be won by entering the prevailing institutions in order to overcome their regressive function. “In and against” used to be our motto. We should revive it.
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  • Perhaps Flassbeck’s harshest criticism of DiEM25’s radical pan-Europeanism is the charge that we are peddling left-wing TINA: “there is no alternative” to operating at the level of the EU. While DiEM25 advocates a democratic union, we certainly reject both the inevitability and the desirability of “ever closer union.” Today, the European establishment is working toward a political union that, we regard as an austerian iron cage. We have declared war on this conception of Europe.
  • The philosopher Slavoj Žižek, a DiEM25 signatory, recently quipped that socialist nationalism is not a good defense against the postmodern national socialism that the EU’s disintegration would bring. He’s right. Now more than ever, a pan-European humanist movement to democratize the EU is the left’s best bet.
  • we believe it is important to prepare for the collapse of EU under the weight of its leaders’ hubris. But that is not the same as making the EU’s disintegration our objective and inviting European progressives to join neo-fascists in campaigning for it.
Arabica Robusta

Greece Does Battle With Creationist Economics: Can Germany Be Brought Into the 21st Cen... - 0 views

  • these cognitive problems will only matter if one of these people gets into the White House and still finds himself unable to distinguish myth from reality. By contrast, Europe is already suffering enormous pain because the people setting economic policy prefer morality tales to economic reality.
  • The tales of hardship are endless: an unemployment rate of more than 25 percent, a youth unemployment rate of more than 50 percent, a collapsed health care system. The European Union folks may not know much economics, but they sure know how to destroy a country.
  • Interestingly, even their morality tale is at best half-true. Greece was a profligate spender, but what about punishing the reckless lenders? They were largely bailed out by the European Union, the International Monetary Fund and the European Central Bank, who now hold the vast majority of Greek debt. What about punishing Goldman Sachs, which designed the swap that allowed Greece to hide its debt so it could get into the euro in the first place?
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  • Spain and Ireland who had not been profligate borrowers. They had been running budget surpluses before the crisis. This was entirely a story of reckless lenders in Germany and elsewhere making bad loans to the private sector in these countries. Yet, the austerity policies being imposed ensure that the people of Spain and Ireland suffer even if the pain is not quite bad as in Greece.
  • The time has come for the European Union to stop running economic policy based on silly myths. If German Chancellor Angela Merkel and other leaders in the European Union cannot accept reality then Greece and southern Europe would be far better off breaking free of the euro and leave Germany to wallow in its 19th century economic fairy tales.
Arabica Robusta

Destroying the Greek Economy in Order to Save It | Al Jazeera America - 0 views

  • But blackmail is actually an understatement of what the troika is doing to Greece. It has become increasingly clear that it is trying to harm the Greek economy in order to increase pressure on the new Greek government to agree to its demands.
  • The first sign that this was the European authorities’ strategy came on Feb. 4 — just 10 days after the Syriza government was elected — when the ECB cut off the main source of financing for Greek banks. This move was clearly made in bad faith, since there was no bureaucratic or other reason to do this; it was more than three weeks before the deadline for the decision. Predictably, the cutoff spurred a huge outflow of capital from the Greek banking system, destabilizing the economy and sending financial markets plummeting. More intimidation followed, including a slightly veiled threat that emergency liquidity assistance, Greece’s last credit lifeline from the ECB, could also be cut. The European authorities appeared to be hoping that a shock-and-awe assault on the Greek economy would force the new government to immediately capitulate.
  • Remaining issues were to be negotiated by April 20, so that the final installment of IMF money — some 7.2 billion euros — could be released. One might assume that the Feb. 20 agreement would allow these negotiations to take place without European officials causing further immediate and unnecessary damage to the Greek economy. One would be wrong: A gun to the head of Syriza was not enough for these “benefactors.” They wanted fingers in a vise too. And they got it. The ECB refused to renew the Greek banks’ access to its main, cheapest source of credit that they had before the Jan. 25 elections. And it refused to lift the cap on the amount that Greek banks could lend to the Greek government — something that it did not do to the previous government. As a result, a serious cash flow problem has struck both the government and the banks. Because of the ECB’s credit squeeze, the government could soon find itself in a situation that the 2012 government faced when it delayed payments to hospitals and other contractors in order to make debt payments, and it could even face default at the end of April.
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  • It could hardly be more obvious that this is not about money or fiscal sustainability, but about politics. This is a government that European authorities didn’t want, and they wish to show who is boss. And they really don’t want this government to succeed, which would encourage Spanish voters to opt for a democratic alternative — Podemos — later this year.
  • If carried too far, European officials’ actions could inadvertently force Greece out of the euro — a dangerous strategy for all concerned. They should stop undermining the economic recovery that Greece will need if it is to achieve fiscal sustainability. 
Arabica Robusta

Europe's Ugly Future: A review of Varoufakis, Galbraith & Stiglitz - Foreign Affairs | ... - 0 views

  • Without a currency that could appreciate against those of her trading partners, German productivity increased and its technical excellence produced a declining real cost of exports, while in its European trading partners, deprived of currencies that could depreciate, stable purchasing power and easy credit produced a corresponding increase in demand for German goods.
  • Stiglitz concedes that austerity may eventually work, but he argues that even if it does, the cost is too high. Better to allow countries to declare bankruptcy and start over, just as individuals and firms can do in a domestic economy. Varoufakis and Galbraith dismiss austerity as flatly self-defeating, because low growth simply ends up increasing the debt-to-GDP ratio.
  • Germany has emerged almost unscathed—at least so far. Berlin has preserved the existing euro system, which advantages it as an international creditor, an exporter of high-quality goods, and a country that suppresses wage increases. It has enjoyed lower interest rates and higher growth than the rest of Europe, which has depressed the real cost of its exports, resulting in a trade surplus larger in absolute terms than China’s.
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  • Such options range from Grexit to his preferred alternative of breaking the eurozone into several subgroups, each with its own currency.
  • Varoufakis and Galbraith would likely sympathize with his proposal and clearly regret that Greece lacked the political courage to forsake the system earlier, when it could have done so more easily. Yet even the radical step of breaking up the eurozone, Stiglitz makes clear, would probably help deficit countries only if Germany agreed to increase domestic spending, rein in speculation, and reduce deficits
  • As Varoufakis writes, “All talk of gradual moves toward political union and toward ‘more Europe’ are not first steps toward a European democratic federation but, rather, and ominously, a leap into an iron cage that prolongs the crisis and wrecks any prospect of a genuine federal European democracy.” Thus, one is forced to conclude that short of a catastrophic economic crisis, Europe can do little more than continue to muddle through in a self-induced state of austerity, thereby undermining its future prospects and global standing.
Arabica Robusta

Brexit: A Nail in the Coffin of Neo-colonialism in Africa | Black Agenda Report - 0 views

  • For some, Brexit has called into question the purpose of the EU and for some white liberals it has sparked concern over the possibility that it marks the end of internationalism.
  • The 1993 formalizing of the EU was for Africa no different than the 1884 Berlin Conference where Europe united to regulate and cooperate in its Scramble for Africa during heightened colonial activity by European powers. This predecessor union of Europe eliminated or overrode most existing forms of African autonomy and self-governance. Today in Africa the EU plays the role of enforcing neo-colonialism through its Africa Working Party (COAFR) and so-called Africa-EU Strategic Partnership that ensure neo-liberal economic policies dominate Africa. We can be sure that when the partnership claims to cooperate on issues like governance and human rights it is not talking about how European countries are governed or human rights abuses in those countries. It is based on the paternalistic premise that Africa is inherently savage and contemporarily corrupt and naturally prone to abusing human rights.
  • elieving Brexit could represent the beginning of the end for international cooperation, as some have put it, is to believe that the world does or should revolve around Europe. The late Pan-Africanist Kwame Ture (aka Stokely Carmichael) pointed out that those whose thinking is dominated by Euro-centrism and white supremacy often mistakenly “make the particular history of Europe the general history of the world.”
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  • The epic tug-of-war between the internationalism of communist versus capitalist was not the only type of internationalism to emerge from the 20th century. A non-Western Euro-centric reflection recognizes the history of the movement for Pan-Africanism in the struggle for a united African continent under a socialist government. The original Organization of African Unity (OAU) – now the African Union (AU) – was a direct attempt toward that.
Arabica Robusta

European Union - EEAS (European External Action Service) | Sanctions policy - 0 views

Arabica Robusta

Greek Debt Crisis » CounterPunch: Tells the Facts, Names the Names - 0 views

  • Two months after the February 28 interim agreement between Greece and the EU ‘troika’—the IMF, European Commission, and European Central Bank—in which both sides agreed to continue negotiating—little has changed. In fact, led by its de facto spokesperson, hardline German finance minister, Walter Schaubel, the Troika’s position has continued to harden since February 28.
  • These measures are particularly annoying to the northern Europe finance ministers and their bankers, since other European governments have introduced, or have plans to introduce, many of the very same ‘labor market reforms’ in their countries. Deepening labor market reforms everywhere throughout the Eurozone is a prime objective of business interests and their center-right politicians and governments.
  • It has been estimated that more than US$250 billion in assets would be eventually affected by a default, and no one knows the connections linking these assets—i.e. what are the possible contagion effects. The memory of the Lehman Brothers default in 2008 is obviously stronger in the USA than it is today in Europe—hence the Furman public warning. Privately, US officials are even more concerned than Furman, according to the business press.
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  • The spider web of financial connections in today’s global financial system is still not well understood. Estimating the potential psychology of investor responses is almost impossible.
  • Despite all this, arrogant German, Dutch, and other technocrats and bankers intent on retaining the old order of austerity and debt payments in Greece continue blindly to insist on more of the same, when it is clear that the Greek people and, hopefully its government, will refuse to continue with ‘business as usual’.
Arabica Robusta

After Greece: Can the Left Change Europe? » CounterPunch: Tells the Facts, Na... - 0 views

  • The public consciousness is, at last, aware of the issues of financial regulation, wealth distribution and the means of production. But questions relating to religion regularly push these into the background (1).
  • Nikos Filis, editor of Avgi, a newspaper with, as main shareholder, the radical left coalition Syriza (2), came to a different conclusion: “The attack may orientate Europe’s future: either towards Le Pen and the far right, or towards a more reasoned approach to the problem. Because security needs cannot be met by the police alone.”
  • “If Syriza had been less intransigent on standing for the rights of immigrants, we would already have 50% of the votes. But this choice is one of the few points on which we all agree.”
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  • They scarcely existed five years ago but now they look like credible candidates to exercise power; and they may be able to relegate their countries’ socialist parties — which share responsibility for the general financial disaster since 2008 — to a supporting role, just as Britain’s Labour Party supplanted the Liberal Party, and France’s Socialist Party supplanted the Radical Party (3). Those changes were permanent.
  • In Athens, that nowhere is all too clear. But austerity’s cruelty, with social and health consequences extending to hunger, cold and increases in infectious diseases and suicides, does not necessarily mean a change of policy (4). Austerity’s architects are well paid to have nerves of steel.
  • Syriza has calculated precisely that free electricity, public transport, emergency food for the poorest and vaccines for children could be financed through more aggressive anti-corruption and anti-fraud measures. The outgoing conservative government admitted that these deprived the public coffers of at least €10bn a year.
  • These measures are not up for negotiation with other parties or the country’s creditors, Milios insists: “They are questions of national sovereignty; they won’t add anything to our deficit. We are therefore intending to implement this policy whatever the outcome of debt renegotiations.”
  • In these circumstances, the European conference on debt that Tsipras called for two years ago in this publication (6) could become a realistic prospect. Ireland’s finance minister backs the idea, and it has a historical precedent in the 1953 conference that cancelled Germany’s war debts, including what it owed to Greece. Syriza hopes the conference it is calling for will provide “the alternative solution which will bury austerity for good.”
  • Merkel has threatened Greece with expulsion from the euro if its government breaks the budgetary or financial disciplines to which Germany is so attached. The Greeks want both to loosen austerity policies and to remain in the single currency. Those wishes are shared by Syriza (8), because a small, exhausted country cannot fight on all fronts at once. “We’ve been the troika’s guinea pigs. We don’t want to become the guinea pigs for a euro exit,” says Valia Kaimaki, a journalist with links to Syriza. “Let a bigger country, such as Spain or France, go first.”
  • Moulopoulos believes that “without European support, it will not be possible to do anything at all.” That is why Syriza accords importance to support from forces beyond the radical left and the Greens, in particular the Socialists. Yet the Greeks have had experience of the surrenders made by social democracy since Andreas Papandreou forced his party to make a major shift towards neoliberalism 30 years ago. “If he had stayed on the left, there would have been no Syriza,” says Moulopoulos. “In Germany too, when Oskar Lafontaine resigned from the government [in 1999], he expressed regret that social democracy had become incapable of even the most insignificant reforms. Globalisation and neoliberalism with a human face completely destroyed it.”
  • Electoral victory for Syriza, or for Podemos in Spain, could demonstrate, contrary to what Hollande or Matteo Renzi in Italy say, the viability of a European politics that rejected austerity. That would challenge more than the German right.
  • Now the threat is much greater. “If we don’t change Europe, the far right will do it for us,” Tsipras has warned. It has become even more urgent to be bold.
  • The task for the left in Greece and Spain, on which much depends, is hard enough without adding onto their shoulders the heavy responsibility of defending Europe’s democratic destiny, and averting a “clash of civilisations”. But that is what is at stake.
Arabica Robusta

Victory at UNCTAD XIII - 0 views

  • In fact, in a private meeting between U.S. civil society and Robert Gerber, the Deputy Head of the U.S. delegation, he told us that he thought that analyzing “the global economic crisis” itself was outside of UNCTAD’s mandate, which was to focus on trade and development. I’m not sure how to make an argument that these things are not related, but I guess when you’re the United States at the United Nations, you don’t have to have a logical argument.
  • He also said the language in the text that was most important to the United States was on UNCTAD’s efficiency, effectiveness, transparency and accountability; we’re looking forward to seeing the U.S. push hard for similar issues regarding the International Monetary Fund (IMF) and U.S. aid in Haiti, among other places.
  • the non-EU bloc of developed countries) was asked directly at one point during the negotiations why he did not want this language included, the representative responded gruffly, “we don’t want any competition in intellectual thinking!”
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  • The former staff of UNCTAD were so concerned about the earlier drafts that they alerted the public through a letter, pointing out the spuriousness of the OECD countries’ objections, and highlighting the importance of UNCTAD’s role: This is neither a cost-saving measure nor an attempt to “eliminate duplication” as some would claim. ... [W]e all fervently believe in the value of maintaining an independent research capability that serves to focus inter-governmental debates on how the workings of the global economy affect developing countries.
  • Lobbying was also a key strategy. Jubilee USA and other allies successfully lobbied the U.S. to improve language on debt sustainability, and several European groups were able to mitigate the EU’s position through appealing to the Norwegian and Finnish governments.
  • On the third day of negotiations “upstairs” where the tough issues were being handled, Ambassador Wasescha made a surprising announcement. He said the JUSCANZ and the EU were prepared to accept the main controversial Paragraphs 16 and 17, if the G77 would give up the paragraphs supporting Cuba and Palestine. Delegates were outraged. It is common knowledge that countries utilize leverage in negotiations, and horse-trading is the norm. But rarely in diplomatic group negotiations is such tit-for-tat so explicitly expressed.
  • Next, the Palestinian negotiator took the floor. “I would like to inform you that a few minutes ago, the Israeli representative and I came to agreement on the text on Palestine. After futile meetings with the Europeans and the JUSCANZ in Geneva for months, we have come to agreement on language in fifteen minutes. So you cannot use this issue to obtain something else you want,” he said. Shortly after, the Cuban negotiator made a similar announcement that an agreement had been reached between his delegation and the United States.
Arabica Robusta

Why the European Refuse to Let Greece Recover | Al Jazeera America - 0 views

Arabica Robusta

An interview with Zygmunt Bauman | CITSEE.eu - 0 views

  • A modern state needs a “nation” to “legitimise” itself, justify its demands for obedience from its citizens by invocation of a common past and shared destiny – whereas a “nation” needs the coercive power of the state to make its unity (“sharing”) real – to replace the multitude of local traditions or dialects with one history, one language. With the emergence of the modern state, the trinity of nation, state and territory has been established as the seat and holder of sovereignty.
  • after a couple of centuries of nation-state building, the time of diasporization has arrived…
  • every process has its discontents, and diasporization is no  exception. Denmark or the Netherlands, until recently symbols of openness and hospitality, turned into pioneers of barring immigration and reintroduced boundary control. And yet such resistance to diasporization may well be a lost battle.
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  • Raymond Aron explained the emergence and the nature of modern anti-Semitism by the coincidence of the Jewish emancipation from the ghetto and the social turbulence caused by modernization.
  • Claude Levi-Strauss said that there were only two ways of dealing with the presence of difference, one was anthropophagic and the other anthropoemic. The anthropophagic strategy consists of “devouring” and “digesting” the stranger, transforming thereby an alien substance body into a cell of one’s own organism. In short, in “assimilation”: renouncing whatever distinguishes you from the “genuine stuff”. If you want to be a French citizen you have to become a Frenchman in your behaviour, your language, the way you act, your ideas, preferences and values. The other strategy, anthropoemic, means exactly the opposite: rejecting – “vomiting”, incarcerating people in camps or ghettoes, or rounding them up, packing them back into a boat or into a plane and sending them back “where they came from”. None of the two strategies are truly “working” in our globalised world. Assimilation makes sense as long as people believe (or are powerless to contradict such a belief imposed by the dominant power on the rest of the world) in a clear hierarchy – superiority and inferiority - of cultures, and one direction of progressive evolution – from “inferior” to “superior”… In our multi-centred world however few people are daring, adventurous or arrogant enough to maintain that there is a cultural hierarchy and to enforce such an idea upon reality.
  • I think it is one of the merits of Europe that it does not promote one model Europeans are obliged to adopt. On the contrary - Europe thrives on the very diversity of its population, on diversity of ideals, customs, traditions, cultures… This is precisely the secret of the unique European creativity.
Arabica Robusta

Syriza: The radical left's Greek Spring? | openDemocracy - 0 views

  • The phenomenon of Syriza has captured the hearts and minds of European intellectuals. For many informed observers Greece is the prelude of tectonic changes that would shape future European politics, as there is a wave of elections in in 2015 countries facing similar challenges, including Portugal and Spain. The rising popularity of the Spanish ‘Podemos’ movement makes it plausible to see another party of the radical left gaining electoral support in the aftermath of the Eurozone crisis.
  • addressed the audience together promising ‘Syriza, Podemos, Venceremos’ (literally “Syriza, we can, we’ll win”).  So, should we expect a ‘spill-over’ of governing radical left parties in Europe or is, this, another Greek exceptionalism?
  • The tight external conditionality attached to the bailout is coupled with a limited timeframe within which crucial decisions need to be taken.
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  • Similarly, Greece is the only country in the Eurozone where the economic recession triggered a political crisis, marked by governmental instability, electoral rise of the far right and mass MP defections. A unique feature of the Greek political system since the beginning of the recession in 2009 is the high number of MP defections who crossed the floor. In our study we found that the period between 2010-2012 approximately 75 MPs defected; since then this number has increased.  
  • Syriza participated in the parliament even before the crisis, even though as a party with minimal electoral support. Hence, power structures were already present, while it could also draw on experienced mainstream politicians.
  • Europe's radical left will have to go through a harsh winter before its 'Greek spring.' More importantly, punishing Syriza to prevent the rise of Podemos will add another catastrophic decision in the management of Europe's debt crisis. Instead the humanitarian crisis in Greece should be dealt on its own right taking into consideration Greece's particularities.
Arabica Robusta

A painful lesson from Brexit: Why DiEM25 needs a simpler message | openDemocracy - 0 views

  • Since the mid-1970s, once the first post-war capitalist phase ended (with the collapse of the New Deal-inspired Bretton Woods system), those relying on wage income to live have fallen off the escalator. Most of the gains from technology, productivity, globalisation, have gone to the top 1% and none to the bottom 80%. People can put up with poverty, but not with humiliation – not with having their noses rubbed in their poverty by people in yachts, golf clubs and Mercedes Benzes, telling them that their poverty is self-inflicted.
Arabica Robusta

Africa Working Party (COAFR) - Consilium - 0 views

Arabica Robusta

http://eeas.europa.eu/cfsp/sanctions/docs/measures_en.pdf - 0 views

Arabica Robusta

Brexit Is Bad News for Africa. Period. | Foreign Policy - 0 views

Arabica Robusta

What is the partnership? | The Africa-EU Partnership - 0 views

Arabica Robusta

http://abahlali.org/files/3295358-walter-rodney.pdf - 0 views

Arabica Robusta

Does the Brexit Vote Mark the End of Internationalism? - FPIF - 0 views

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