Warning Greece against a radical break with austerity has been a longstanding theme at the Washington Post. It’s worth emphasizing, though, that the creditors who “bailed out Greece” in reality didn’t bail out anyone but themselves.
CounterSpin interview with Costas Panayotakis on the European crisis
CounterSpin interview with Costas Panayotakis on the European crisisWhen there are austerity protests in Europe, New York Times headlines like “Markets Falter in Europe Amid Protests on Austerity” (9/27/12) and “Markets Tumble on Unrest in Greece and Spain” (9/27/12) accurately capture the reports’ primary concerns: how the protests might affect financial markets. Of lesser concern to the Times, it seems, is how austerity affects people. CounterSpin’s Steve Rendall spoke on September 28 with Costas Panayotakis, a professor of social science at the New York City College of Technology, who has been following U.S. media coverage of the economic crisis in […]
Austerity for all is seen as bailout’s message
Austerity for all is seen as bailout’s messageIn recent months, the Greek financial system has collapsed, necessitating a nearly $150 billion bailout backed by other European nations. Corporate media in the U.S., led by Fox News and the Washington Post, have taken this as an opportunity to proclaim the demise of the European social model and to castigate working-class protests against austerity measures. CNN (5/6/10) host Jack Cafferty chastised Greek workers: “The panic was triggered in part by Greece. Greece is a world-class welfare state. People retire in their 50s. They’re accustomed to government handouts at every turn. Now the […]