Greece Could Leave The EU: Why The Grexit Option Deserves Consideration

With the Greek psyche itself the victim of a relentless shaming campaign, the idea of Greece “going it alone” begins to seem outlandish and quixotic. It is not. But it is as much tied to a revival of spirit and self-esteem as to the nuts and bolts of economic transformation.

Protesters hold a banner during a rally in Athens, Thursday, Dec. 8, 2016. A nationwide 24-hour general strike called by unions against austerity measures disrupted public services across Greece on, while thousands marched in protest in central Athens. (AP/Yorgos Karahalis)

Eight years into the deepest economic depression that an industrialized country has ever experienced, we are now being told that Greece is a “success story.” Having accepted the “bitter medicine” prescribed by the “troika”—the European Commission, the European Central Bank, and the International Monetary Fund—the storyline today is that Greece is

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Award-Winning Economist Roger Bootle: EU On The Verge Of Collapse

Britain’s departure from the EU, a process that will take about two years, has formally gone into motion. MintPress News had the opportunity to speak with prize-winning economist Roger Bootle about what Brexit will ultimately mean for the country’s economy, as well as the European Union as a whole.

According to award-winning UK economist Roger Bootle, the European Union has grown unsustainable and due to various factors, in about to burst. (AP/Francisco Seco)

LONDON-- The recent triggering of Article 50 of the European Union’s Lisbon Treaty by the United Kingdom has formally set into motion the process of Britain’s departure from the EU, an action that is in line with the result of last June’s referendum, where 52 percent of British voters chose to leave the union. Europe is now faced with the

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The Ongoing ‘Fake News’ Battle Obscures The Truth About Fake Democracies

Voters in a growing number of countries are casting ballots in a decisive rejection of neoliberalism, but forces in the EU and US want to keep the establishment train chugging along, refusing to let quaint notions such as democracy stand in their way.

Pro-Brexit demonstrators wave flags and banners outside Parliament in London, Wednesday, Nov. 23, 2016. (AP/Kirsty Wigglesworth)

ATHENS, Greece --- (Analysis) Voters in Britain cast their ballots in favor of a “Brexit.” In the United States, the electorate rejected the neoliberal corruption personified by Hillary Clinton. Even voters in Greece, in their own confused and muddled way, overwhelmingly rejected austerity (or at least a version of it) in the country’s July 2015

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Economist Jack Rasmus: Eurozone Benefits The Strongest Economies At The Expense Of The Weakest

‘Greece has tied its tail to the eurozone, dominated by Germany, and it can never get out of this situation as long as Germany dominates the institutions, which it does, because the whole arrangement is great for Germany,’ the writer and economist tells MintPress News.

Bystanders wait to be handed bags of oranges during a free distribution of fruit and vegetables as a protest by farmers and vendors over proposed pension reforms, in Athens on Wednesday, Jan. 27, 2016. Greece's leftwing government is facing an escalating wave of protests over its proposed pension overhaul that has been demanded by bailout creditors. (AP Photo/Petros Giannakouris)

ATHENS --- This has been another eventful year in Greece. Almost one year after it turned its back on the July 2015 referendum result which rejected further austerity, the Syriza-led government has pushed forward a program of even harsher austerity, spending cuts, and privatizations. Following the British vote to proceed with “Brexit,” or a

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In A Mess Of Corruption & Neoliberal Austerity, Syriza Sells Greece Out To The Highest Bidders

Rather than casting off the shackles of the EU, eurozone and IMF, the Syriza-led Greek government favors the ‘oligarchs’ it once vowed to tear down and doubles down on austerity measures, leaving Greek people to suffer through a modern colonial nightmare.

FILE - In this Sunday, Oct. 18, 2015 file photo, a man walks past street art depicting Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel in Athens, Greece. Tsipras' decision to sign off on a bailout led to many in his left-wing Syriza party to quit in protest.

ATHENS --- (Analysis) Stories of human suffering continue to multiply in present-day Greece, which is loosely governed by the “first time left” government of Syriza and more directly by the European institutions and the International Monetary Fund. In the city of Patra, an elderly woman whose only source of income is her severely battered

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The Politics Of Punishment: Greece Is Being Destroyed By Europe And Austerity Orthodoxy

With Greece and the eurozone committing to reforms and a bailout that’s still unsustainable, it’s the people of Greece who are left to suffer, not knowing “what will come tomorrow. They don’t know if they’ll have their jobs or if they’ll have money to live,” a Greek expat tells MintPress.

A street vendor pushes his trolley as he passes a banner, depicting a wrecking ball that reads: "NO" and destroying a wall with anti-austerity measures, in Athens, Wednesday, July 22, 2015. Barely a week after their last crunch vote, Greek lawmakers are set to vote later Wednesday on further economic reforms demanded by international creditors in return for a new financial bailout.

WASHINGTON --- All the news coming out of Greece is bad, says Giannis Nitodas, who left his home in Chios, Greece, amid the mounting pressures of austerity measures that continue to crush the Greek economy. “I was paid €900 [$990] per month,” Nitodas told MintPress News from his home in Toronto, Ontario. “But we didn’t know what would happen

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