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2012    

 

Some of the more popular pages

Venezuela

After Venezuela’s elections: defeat for the right, challenges for the left

At the beginning of October, much of the world’s media descended on Caracas hoping to report on the end of an authoritarian regime. “Too close to call” was the refrain on almost every network. Market analysts at places like Barclay’s Capital urged investors to pile into Venezuelan debt on the assumption of an opposition victory. Months earlier Robert Zoellick, then still head of the World Bank, revelled in the certainty that Chavez’ days were numbered. Better still, Chavez’ defeat would put a stop to Venezuela’s subsidies to Cuba and Nicaragua and spell the end for those ’regimes’ too, bringing “an opportunity to make the Western Hemisphere the first democratic hemisphere”. When those pictures came out a week before the poll, of tens of thousands at the final opposition rally, it seemed they might be right. Many of us had forgotten that the Venezuelan opposition turned out dozens of equally massive rallies and marches back in 2002 to 2004. Even among left activists there were more and more of us mumbling about whether there was really much to save in the Bolivarian revolution.

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Economy:

The political economy of the “Euro-system”

This article seeks to show how the current crisis of the Euro zone stems from the original design faults of the “Euro-system”, whose contradictions, revealed by the financial crisis, are of a structural nature. This demonstration is carried out through a statistical and analytical methodology which gives this study a “technical” nature. But it is a necessary stage for the development of a more solid diagnosis of possible exits from the current crisis, or rather from its specifically European dimension. This crisis has deeper roots than the symptom through which it has been expressed, namely a sovereign debt crisis. Thus, there are only two responses adapted to the structural nature of the European crisis: either the breakup of the Euro-system, or its radical refoundation. The others confine themselves to staggering the contradictions over time or programming a socially unacceptable regression.

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Greece

The effects of the crisis on daily life

This article, written obviously before the latest elections, give a picture of the effects of the austerity plans, against which the Greek people protested in their votes on May 6.

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