Would Austerity-Stricken Puerto Rico Be Better Off As An Independent State?

For The Real News Network, I recently spoke in Puerto Rico with economist Dr. José Caraballo-Cueto about the economic prospects for an independent Puerto Rico.

Would Puerto Rico be better off if it were to cease to be a colony of the United States and became a truly sovereign state?

My conversation with Dr. Caraballo-Cueto can be watched and listened to here:

https://therealnews.com/stories/would-austerity-stricken-puerto-rico-be-better-off-as-an-independent-state.

 

Greece Exits its Bailout but Remains Shackled by Debt and Austerity

This week, the Greek government of Alexis Tsipras announced with great fanfare that Greece had exited its bailout and that it had regained, finally, the freedom to pursue its own economic and social policies.

But is this true?

For The Real News, I spoke yesterday to former Syriza MP Costas Lapavitsas. Costas Lapavitsas is currently a Professor of Economics at the University of London. In 2015, after Prime Minister Tsipras disregarded the historic result of a Greek referendum on austerity, Professor Lapavitsas defected from Syriza to the newly formed Popular Unity Party.

As he explains in this interview, despite Greece’s official exit from the bailout, the Greek government will remain shackled by debt and austerity for years to come. Moreover, the structure of Greece’s economy has not fundamentally changed, but its productive capacity has been severely degraded by austerity.

Our conversation can be seen and heard here:

https://therealnews.com/stories/greece-exits-its-bailout-but-remains-shackled-by-debt-and-austerity

 

If Trump’s G7 Antics Prove Anything, It’s That Canada Must Become Less Dependent on U.S. Trade

On The Real News, I discuss with Sharmini Peries Canada’s excessive dependence on trade with the United States and the pressing need for Canada to diversify its trading relationships.

Sharmini and I also discuss Doug Ford’s reckless plan to withdraw Ontario from a cap-and-trade program with California and Quebec.

My conversation with Sharmini can be seen here:

https://therealnews.com/stories/trudeau-imposes-retaliatory-trade-tariffs-against-the-u-s

Forced Privatization of The Greek Port of Piraeus, One Year Later

For The Real News, I speak with with Giorgos Gogos, general Secretary of the Dockworkers Union at the Port of Piraeus in Greece.

As Giorgos explains, the Troika of Greece’s creditors forced the privatization of 67% of the massive Port of Piraeus. The purchase price amounted to a pittance.

As a result, the most secure and lucrative state asset in Greece, which could have generated ongoing revenue to ease Greece’s crushing debt load, is now under the control of Chinese shipping company Cosco.

My interview of Mr. Gogos can be seen here:

http://therealnews.com/t2/story:20691:Forced-Privatization-of-The-Greek-Port-of-Piraeus%2C-One-Year-Later.