Austerity

In the ultimate paradox, it is only from the tragic ashes of Brexit that an EU worthy of its founding ideals can finally be born.

Brexit is the fruit of empire. Britain is reaping what it sowed in its imperial exploits.

Revolt against the inevitability of globalized capitalism takes diverse and often desperate forms when “there is no alternative.”

Austerity is unnecessary because evidence indicates that European governments could easily increase spending without hitting any constraints.

Legislation that would allow the government of Puerto Rico to restructure its debt cleared the final major hurdle before a critical deadline.

Many who voted to leave the EU did not do so for xenophobic reasons, but the Brexit campaign was nevertheless fought on racist grounds.

Former chairman of Finland's Independence Party Antti Pesonen discusses the growing movement in favor of a eurozone exit for Finland.

Noam Chomsky lays bare the reasons why Obama's election did not lead to any significant reforms in foreign or economy policy.

Brazil's new right-wing government plans to balance the budget by imposing austerity measures on the nation's poor people.

Dimitris Kazakis says Greece should depart from the eurozone and European Union, and unilaterally write off its debt.