Three years since the outbreak of the global financial crisis, the banks are back making mega-profits while the burden has clearly shifted to citizens and workers. However civil society action at European level could still make a difference in reining in the financial sector.
Behind the currency wars and the worsening global economic crisis lies a largely unquestioned free trade model that both contributed to the crisis and, without radical reform, is a major obstacle to overcoming it.
The Greek crisis has exposed the fundamental flaws in the Euro project: it stripped countries control over the price of money and allowed political elites to undermine Europe's post-war social contract.
While banks and European leaders negotiate the next public bail out of private greed, and the financial speculation that caused the crisis continues unheeded, Europeans have shown that like many people around the world, from Tahrir to Syntagma Square and Wall Street, they are not going to take more neoliberal austerity lying down. The question already being asked by many observers is - where to now for the popular demonstrations?
Until the European Commission shows it has learnt the lessons of the 2008 financial crisis and demonstrates the political will to re-regulate the financial sector, it will be unable to resolve the crises in Greece, Ireland and Portugal
A useful pocket guide on how a crisis made in Wall Street was made worse by EU policies, how it has enriched the 1% to the detriment of the 99%, and outlining some possible solutions that prioritise people and the environment above corporate profits.
The real news in Greece is not about riots, but of a growing number of people who have broken away from fear and decided to fight back against the austerity imposed by the 'Troika' of the European Commission, the European Central Bank and the IMF.
Why are those responsible for the EU crisis profiting from it? Why are the same policies that caused the crisis being used to resolve it? An infographic expose of the EU crisis, its causes and its social impacts.
Neoliberal market capitalism has dragged the world into a crisis which threatens human civilisation. Climate destruction, resource wars, and the replacement of democracy by an oligarchy face us if we don't act now to reduce the burden we place on our planet and reorganise society on a more egalitarian basis.
2011 witnessed the implementation of some of the most comprehensive undemocratic structural changes in the EU since the Lisbon Treaty. Alternative proposals for a progressive exit from the euro crisis are laid out here.
"The financial crisis" is one facet of the systemic and converging crises of capitalism - a predictable symptom of oligopolistic late capitalism; but what main challenges lie ahead for the Left in South Africa?
During the second phase of the crisis in Europe, the attention has almost exclusively been focused on the Southern euro zone countries. However, Eastern Europe is affected as well though in an uneven way.