Prof. John Mutter holds two professorships at Columbia University in NYC. One in the department of Earth and Environmental Sciences, and another in the department…

Why does this matter? First because it makes no sense to sell off valuable assets in the middle of Europe’s worst depression in 70 years.…

The legitimacy of a given social order rests on the legitimacy of its debts. Even in ancient times this was so. In traditional cultures, debt…

For a moment this summer, it appeared that Greece had cornered its creditors. In a hotly contested vote in which their European neighbors openly intervened,…

SAINT-JEROME, Quebec –— Modern Greek tragedy is at play, and so are illusions. The big myth is that Greece overspent and the Greek government was…

Debt: The Creation of A Global Crisis The forced, politically engineered bankruptcy of the City of Detroit has been an ongoing discussion on Leid Stories…

What do you call a country that has grown 4.6 per cent - in total - since it joined the euro 16 years ago? Well, probably…

In 2010 the Greek state lost the capacity to service its debt. Put simply, it became insolvent and thus lost access to capital markets. To…

Late last week, economic journalist Paul Mason, whose Channel 4 blog has been one of the best English-language sources for making sense of the ongoing…

After being elected in January, Prime Minister Tsipras and his Finance Minister Varoufakis negotiated with the EU commission, the ECB and the IMF for almost…

In his first international television interview since stepping down from his post as Greek Finance Minister, Yanis Varoufakis told CNN's Christiane Amanpour on Monday that European lenders…

Over the past few months we have been forced to bear witness to a humiliating farce unfolding in Europe. Greece, which was first accepted into…