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Τhe #Festival4sce: A hub of networks towards the Alternative Route in Greece. By Insurgenta Iskra Crisis. Originally, the word derives from the ancient Greek verb “krinein”, meaning to judge in order to take a decision and its noun, “krisis”, meaning judgment, decision. According to Steven James Venette[1] “crisis is a process of transformation where the old…
A Different World Does Exist The Festival4sce takes place every October in Athens since 2012. This time round, we want to share it with Europe! Programme of the #Festival4sce As the foundations of the past collapse around us, we are watering the new seeds which grow today. In the Greece of social, economic and environmental crisis, where the…
Announcement approved at public meeting, 7 May 2014. The debt crisis has acted as a lever to dismantle labour rights and transform Greece into a creditor’s colony. The increase of unemployment to 27%, the reduction of wages and pension by 40% on average, the explosion of over 6000 recorded suicides, and the migration of young…
By Christina Laskaridis Review: Crisis-Scape’s new film invites us in to the shadows of Athens, a city tenuously held together by state imposed order, privatisation, anxiety and violence. New documentary by the Crisis-Scape collective, Future Suspended focuses on the hues of the Greek crisis usually absent from media headlines that hover between flaming streets and…
24/01/2014 By the Greek Debt Audit Campaign, The utter failure of political management of public debt by the governments of George Papandreou up to the current one of Samaras in agreement with the lenders has led to a reinvigorated debate about what next on the public debt issue. The failure is confirmed by the explosion…
by the Greek Debt Audit campaign International lenders and their domestic Greek collaborators (the coalition government) are imposing widespread impoverishment and austerity in order to serve their interests. Meanwhile, the debt mechanism continues to chip away at the last remnants of rights that have remained. Despite this, there is a lot of talk these days…
Enjoy the 2nd newsletter of #TroikaWatch: In this newsletter you can read about: Overall situation European level Greece Ireland Portugal Cyprus Spain Italy Slovenia Who we are and why we write this newsletter Overall situation While the general outlook remains broadly unchanged, with the Troika still pushing for severe austerity and national governments continuing their…
Spread (difference in interest rates): In the current crisis, this term primarily means the difference between the interest rate paid by an EU country borrowing money, and the rate paid for equivalent borrowing by Germany. It represents the premium paid by Greece to investors who prefer Greek from German bonds. Before Greece fell prey to…
Odious Debt: Under a UN proposal (of April 2010) a debt is considered odious not only if it is product of a suspicious exchange, but whenever its repayment involves the circumvention, violation or abolition of basic human rights. Whenever a country has to destroy jobs and cut people’s incomes, cut social and public spending, and…
Gross Domestic Product, GDP: The total value of all goods and services produced within a country during a given year, including those produced by units owned by people who live abroad. The Greek GDP in 2010 amounted to €230 bln, with a real fall of 4.5% in comparison to 2009. In 2011 the fall approached…
