European Parliament Elections: Ambivalent Results for the Left

Interview with the President of the Party of the European Left, Prof. Dr Lothar Bisky, for transform!europe Are you happy with the results of the EU-elections? Bisky: Yes and no. All in all, the member parties of the...

Honduras: Anatomy of a Coup d’État

Afflicted by epidemics and floods, Honduras has been, since the days of Francisco Morazán (1) not only one of the poorest countries of the region, but also the hidden battlefield between conservatives and liberals. Since the...

Present and Future Impact of the Crisis

United Nations Conference on the Financial Crisis and its Impact on Development – New York, June 24-26 2009 Much has been said of the impact of the crisis on the foundations of the economy and of its social consequences,...

The Crisis of Capitalism and Post-Capitalist Horizons

Introduction A century ago, Rosa Luxemburg expressed humanity’s historic dilemma in these terms: socialism or barbarism. Now, the global crisis underlines the urgent need to create objective and subjective conditions which...

Europe in the Crisis – On the Road to Breakup?

In the current economic crisis, the character of the European Union as a “project of the elites” is clearly revealed. Now it comes back to haunt us that “… at the turning points of the unification process European policy has...

Greek Banks in the Balkans

Effects of the Crisis and the Internationalist Deficit Introduction Since the demise of “actually existing socialism” in the 1990s, a process of mostly neoliberal reforms was put forward in the Balkan countries 1 with the...

The Speculative Real-Estate Bubble and the Securitisation Scandal in Italy

In the explosion of the most serious economic crisis since 1929, international real-estate speculation has played a fundamental role. This holds true for Italy as well. I will emphasise three aspects, each of which require more...