Poverty is growing in Europe! Let us organize European solidarity for a life in dignity for everyone! How is the future? Watch a video about the situation in Greece! And see the network for a social Europe!

Greece – broke but not broken

In Athens, closed down shops, soup kitchens and charity clinics have become all too familiar sites – the result of an austerity plan many Greeks say is literally killing them.

But without these cuts, Brussels argues the EU-IMFbailout plan could stop, pushing Greece towards bankruptcy and a eurozone exit.

But could Greece really go back to the Drachma?




simon wren-lewis

Why do European Economists write Letters while US Economists endorse Candidates?

17/08/2012 BY  8 COMMENTS

In February 2010, 20 economists including a number of academics of note signed a letter that endorsed the Conservative Party’s deficit reduction plan for the UK. Although 20 is a small number (I’m sure many more – like me – were asked to sign and did not), they made up in quality what they lacked in quantity. […]

vicenc navarro

The Euro is not in Trouble. People are!

17/08/2012 BY  17 COMMENTS

One of the phrases frequently written in economic circles in the United States (and to a lesser degree in Europe) is “the Euro is going to collapse.” Those who repeat that phrase over and over again do not seem to know how the Euro was established, by whom, and for whose benefit. If they knew […]


Early Retirement for the Eurozone?

16/08/2012 BY  14 COMMENTS

Whether the eurozone is viable or not remains an open question. But what if a breakup can only be postponed, not avoided? If so, delaying the inevitable would merely make the endgame worse – much worse. Germany increasingly recognizes that if the adjustment needed to restore growth, competitiveness, and debt sustainability in the eurozone’s periphery […]


Class in Europe: Staying Together and Coming Apart

15/08/2012 BY  20 COMMENTS

During my lifetime two class wars have been fought to resolution across Europe: one economic the other cultural. The outcomes of the economic class wars are uncontroversial. In Britain the middle class won the economic war: social protection is relatively poor (most notably for pre-school and the elderly), labour markets are only lightly regulated, and […]


US 2012 – The Ryan Choice

13/08/2012 BY  31 COMMENTS

Paul Ryan is the reverse of Sarah Palin. She was all right-wing flash without much substance. He’s all right-wing substance without much flash. Ryan is not a firebrand. He’s not smarmy. He doesn’t ooze contempt for opponents or ridicule those who disagree with him. In style and tone, he doesn’t even sound like an ideologue […]


US 2012 – Why Promising to Save the Middle Class might just not be Enough!

13/08/2012 BY  20 COMMENTS

This is the lull before the storm, the final moments within which to settle the character of the presidential campaign of 2012. Even in the lull, however, the likely lines-of-march are already clear – lines that, if unaltered, should give far more comfort to conservatives than they do right now to progressives. The Romney camp […]

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The good, the bad, the misguided and the disingeneous

16/08/2012 BY  9 COMMENTS

Continuing an on-off debate on these pages (entry point here) about the quality, or otherwise, of the economics profession, I refer interested readers to the economic program written for US presidential candidate Romney by a number of leading American economists, and to the reaction it has provoked on the part of some of their colleagues. […]

paul krugman

Romney/Ryan: The Real Target

15/08/2012 BY  15 COMMENTS

So, let me clarify what I believe is really going on in the choice of Paul Ryan as VP nominee. It is not about satisfying the conservative base, which was motivated anyway by Obama-hatred; it is not about refocusing on the issues, because R&R are both determined to avoid providing any of the crucial specifics […]


Europe sliding back into recession

14/08/2012 BY  9 COMMENTS

The latest quarterly GDP figures confirm the already pessimistic expectations. Europe is sliding back into recession. In both the euro area and the EU27 growth output contracted by 0.2% in the second quarter. This followed on stagnation in the first quarter and a decline of 0.3% in the last quarter of 2011. (In each case […]


Rejecting “economists are dumb” does not mean there are no dumb economists

26/07/2012 BY  23 COMMENTS

Stephen Hill and I, along with some others, have been debating, in part, whether it is ok to lump all economists together, and put a “dumb” sticker on the whole lot. Have a look at this post – text is below – by Mark Thoma (US economist and prolific blogger). It seems very clear to […]


Reprise: ECB success shows extent of failure

26/07/2012 BY  15 COMMENTS

Almost exactly one year ago I wrote a blog post entitled ECB success shows extent of failure. The ECB had just announced its intention to buy Spanish and Italian bonds. Interest rates on the bonds had fallen significantly. The markets were happy. As I pointed out, this was more an indication of policy failure than […]

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About ottwf

The capitalistic and imperialistic system and its systematic aims: profit and power over others, still dominates our world and not the aims of the Universal Declaration of Human Rights, as 1948 agreed! After the world-economic-crisis after 1929 and the following World-War the world hat decided with agreeing the Universal Declaration of Human rights, to create a new world order; conflicts should be solved with peaceful means, not nations and their power, but the dignity of human beings around the world should be the aim of the policies and the economy, of every state and the community of states. But soon after the end of the war, when the victims and destruction were forgotten, all continued as before, with all risks, we had seen before. The split in rich an poor is getting bigger and bigger. We also overuse our global environment already, even if the big majority of mankind still lives in poverty! We are not victims, this world is men-made and be changed from men and women! It will be possible, if those, who do not want or serve (because of system-pressure) profits first, but want for themselves and everybody a life in human dignity unite and develop in a global base-democratic movement a common vision for our world, and learn, how to make this vision real. We need for it a big empowerment of many, many common men and women and their activities. Our chances are because of new communication technologies, of common languages, of the level of education and the mixture of people from different backgrounds better then ever. The occupy-movement is a good start for such a global movement. We support it and try to contribute to its success! We choose news and make comments and so try to unite people for an Occupy-Think-Tank: Its tasks: creating a news-network, self-education, working on global-reform programs and learning to organize projects for those, who are suffering. Join us, so that we can build teams for these aims for all subjects and countries as a base for the unification. We have Wan(n)Fried(en) in our name, because it means When peace and it is a modification of the name of the town our base is, in Wanfried, a small town in the middle of Germany, where we can use a former factory for our activities. Our telefon: 0049-5655-924981, mobil: 0171-9132149, email: occupy-think-tank@gmx.de
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