Ian Bunn | Political & Popular Culture Arts

Liz Alderman the American Paris based writer on European economics, finance and business has published an article in the New York Times titled ‘More Children in Greece Are Going Hungry’ in which she states “The Greek economy is in free fall, having shrunk by 20 percent in the past five years. The unemployment rate is more than 27 percent, the highest in Europe, and 6 of 10 job seekers say they have not worked in more than a year. Those dry statistics are reshaping the lives of Greek families with children, more of whom are arriving at schools hungry or underfed, even malnourished, according to private groups and the government itself. Last year, an estimated 10 percent of Greek elementary and middle school students suffered from what public health professionals call “food insecurity,” meaning they faced hunger or the risk of it, said Dr. Athena Linos, a professor at the University of Athens Medical School who also heads a food assistance program at Prolepsis, a nongovernmental public health group that has studied the situation. “When it comes to food insecurity, Greece has now fallen to the level of some African countries,” she said. Unlike those in the United States, Greek schools do not offer subsidized cafeteria lunches. Students bring their own food or buy items from a canteen. The cost has become insurmountable for some families with little or no income. Their troubles have been compounded by new austerity measures demanded by Greece’s creditors, including higher electricity taxes and cuts in subsidies for large families. As a result, parents without work are seeing their savings and benefits rapidly disappear. …A 2012 Unicef report showed that among the poorest Greek households with children, more than 26 percent had an “economically weak diet.” The phenomenon has hit immigrants hardest but is spreading quickly among Greeks in urban areas where one or both parents are effectively permanently unemployed…”

Inspired by Liz Alderman, New York Times ow.ly/kuDf7 Image source Facebook ow.ly/kuDeq

Mario Draghi the 64 year old Italian banker, economist and President of the European Central Bank has told European politicians that they should do a lot more to tackle the debt crisis, according to an Aljazeera article. The article states “He says the current setup is unsustainable and has urged member states to take immediate action towards developing a clear vision for the next few years. …warn[ing] that the structure of the euro currency union has become unsustainable and criticised political leaders, who, he said, had been slow to respond to a European debt crisis now well into its third year. “Can the ECB fill the vacuum or lack of action by national governments on the structural front? And again the answer is no, structural reforms don’t have much to do with monetary policy,” Draghi said, adding: “Can the ECB fill the vacuum left by the lack of euro area governance? And the answer is no. So, let’s ask: What can we do now? What is the next step? The next step is basically for our leaders to clarify what is the vision for a certain number of years from now.” …All of this has taken a toll on the value of the euro currency. It fell to its lowest level in almost two years against the dollar.”

Inspired by Aljazeera ow.ly/bJhPY image source World Economic Forum ow.ly/bJhwz

The rebirth of ethnic-based nationalisms (April 21st 2012)

Andrea Mammone the UK historian and political commentator has published an article on Aljazeera on the potential damage from the austerity measures titled Austerity v’s solidarity: Democratic legitimacy and Europe’s future. In the article Mammone states, “The rebirth of ethnic-based nationalisms, the rise of right-wing extremist feeling and Europhobia are a likely new threat and will be forged with mounting social and workers’ protests. Yet, the Euro-dream was specifically to bypass these nationalistic divisions and create an all-inclusive porous European citizenship. This led to a reconsideration of concepts such as space, borders and belonging – and is, with some difficulties, aiming to create a European public sphere. The “market” economy was only one (though very important) of the pillars that had to contribute to build all this, but it was not the unique one. “Solidarity” was the other (at least implicit) pilaster. It is known that Germany was in fact helped after the Second World War without imposing severe austerity plans. Some of the measures now imposed upon Greece and perhaps tomorrow upon Italy, Spain, Portugal or some central or eastern European nations, may be to some extent necessary – but some political-economic flexibility and democratic legitimacy are essential, too.”

Inspired by Andrea Mammone http://ow.ly/ahTpl image source twitter http://ow.ly/ahTAO