EU fails to help its eastern members? March 3, 2009
Posted by Sverre in : Political economy, World politics , comments closedEastern Europe has been hit hard by the financial crisis, and were hoping that the EU would be able to help them over the worst of it. Figures presented by Eastern European government claimed that 5 million jobs were in imminent danger of being lost, something that would seriously hit the entire EU and potentially drop a new iron curtaion over Europe. At a summit this Sunday, the EU rejected a bailout plan designed to help Eastern European nations, mostly outside the Euro area. Was it a sign that Western Europe doesn’t want to help their eastern neighbours, or was it just the rejection of a bad plan? If the former, the entire EU project might be about to fail one of its toughest tests yet. (more…)
The finance crisis animated February 23, 2009
Posted by Sverre in : Political economy , comments closedArt student Jonathan Jarvis has made a brilliant graphic animation explaining the credit crisis in detail in the most simple and easy to understand way I have yet to see. This 11 minute video really nails the important basics and is just what you need for someone who struggles with understanding the who’s and why’s of the crisis. You can watch the YouTube version (in 2 parts) below, or go to http://crisisofcredit.com for the nicer HD version.
[youtube=http://www.youtube.com/watch?v=Q0zEXdDO5JU]