The hunger strike in Greece is now on the 25th day. Three hundred sans papiers immigrants are on strike in Athens and Thessaloniki. The majority come from North Africa and have been living and working in Greece for periods of up to 7 years. This is Egypt in Athens and...
The suffering spreads Our notional executive’s assumption about how industry would help the banks and the economy out of the Credit Crunch was in one element correct. Borrowers had bailed out the banks, but it was only by means of workers’ redundancies, the stripping...
At whatever time our industrial borrower first took on the credit agreement with which it found itself, in 2009, chained and broken before its financial masters, it is likely it only had a vague inkling that anyone beyond its relationship bank was, or was to be,...
With the Credit Crunch in the finance sector now causing deleterious effects in the ‘real’ economy (see Part 1), concerned Finance Directors (“FDs”) turned to their relationship banks with a view to agreeing how best to muddle through what appeared to be a temporary...
In this series of four articles this week I examine the course of the Credit Crunch from the perspective of the interface between the hyper-financialised world of collateral debt obligations and securitisation, and the more familiar world of industrial corporate...
People who revolt against a hostile, dependent and unjust dominion in Tunisia, Egypt and other parts of the Arab world are establishing a new social contract and values and are unified through an unconditionally prevailing normative-ethical principle. This principle,...
