Virginia Mayo
A call for statesmanship
Former German foreign minister and vice-chairman Joschka Fischer says Europe's politicians are to blame for the euro zone crisis: "The failure of the euro - and thus of the EU and its Common Market - would be the biggest pan-European disaster since 1945. That this outcome is possible - despite protestations to the contrary by all involved - reflects the willful ignorance and lack of imagination of Europe's heads of state and government."
200 years of global income v. lifespans
From the BBC earlier this week, Hans Rosling visualizes 200 years of global incomes v. lifespans.
How the oligarchs took America
Andy Kroll on TomDispatch says the income inequality in the U.S. is nothing short of "a war that's poised to topple what's left of American democracy."
If you missed it earlier this week, the Canadian Centre for Policy Alternatives release its report on the growing gap between rich and poor in this country. The CCPA's Armine Yalnizyan blogged for Economy Lab.
Bourbon economics
Paul Krugman bangs his head against the wall over search for new economic models to explain the current crisis. "Our problem, in short, isn't lack of nifty new ideas; it's the refusal of too many economists to face up to the fact that some of their preferred theories don't work, a fact that has been obvious for decades."
The Irish rescue
Barry Eichengreen calls the package a disaster for Ireland: "You can say one thing for the European Commission, the ECB, and the German government - they never miss an opportunity to make things worse."
In Letter from Dublin, Kevin O'Rourke on describes what he felt when the IMF team came to town
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