Ann Pettifor

Credit Crunch

Reining in Public Debts or Challenging Democracies?

Last week I gave a talk in Brussels at a debate moderated by Pierre Defraigne, Executive Director of the Madariaga – College of Europe Foundation. It was A Citizen’s Controversy with Lars Feld, Professor of Economic Policy at the University of Freiburg and Member of the German Council of Economic Experts. Below is my slideshow …

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ABC daily report – ‘Let them default’

While I was in Australia I recorded this interview with ABC’s daily show. This went out on 15th September. Watch it above or on ABC’s website here >

My tour of Australia – with the SEARCH Foundation

Read about my speaking tour of Australia below – from the SEARCH Foundation: The SEARCH Foundation is currently touring eminent British economist and author Ann Pettifor around Australia and she is visiting our shores with a warning; the GFC inducing credit crunch is not over and Australia’s banking sector is vulnerable. Ms Pettifor is visiting …

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Austerity: OECD economists show clear signs of ‘cold feet’ for austerity

(Photo: REUTERS / Yiorgos Karahalis ) A Greek riot policeman stands in front of graffiti written on the wall of a bank during violent demonstrations over austerity measures in Athens, May 5, 2010. Greece faced a day of violent protests and a nationwide strike by civil servants outraged by the announcement of draconian austeristy measures. …

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Coming soon: another global financial crash? Capital mobility and the commodity mania

Tin produced at a Glencore plant in Vinto, Bolivia “Experience shows that when policies falter in managing capital flows, there is no limit to the damage that international finance can inflict on an economy.” Yilmaz Akyüz, “Capital Flows to Developing Countries in a Historical Perspective: Will the current Boom End with a Bust?” Today, as …

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‘Debtonation’ – why it’s still relevant

Welcome readers, to my newly refreshed blog, and thanks to Georgia Lee and Maz Kessler for making it look so good, and work so well. I had thought that the title needed refreshing too. After all, I am fond of defining 9th August, 2007 as ‘debtonation day’, and that is now long past. To refresh …

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Why the EU’s leaked document has got me in a rage

By Ann Pettifor – Posted March 16th on Labour List Together with the Prime Minister of Greece, Mr. George Papandreou, I am going to give evidence to the EU’s Special Committee on the Financial Crisis in Brussels this Thursday, March 18th. So today’s leaked report from the EU, arguing that Labour’s plans for cuts to …

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After Iceland’s Referendum, What Next?

4th March 2010 With Saturday’s Iceland referendum due in just a couple of days (6th March), Advocacy International’s directors have an op-ed article critical of the UK and Netherlands governments in today’s Morgunbladid, Iceland’s main daily newspaper. English version> Icelandic version> Press release> Full text of the article: So the negotiations have broken down, British …

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Unjust for Iceland to Take Sole Responsibility

7th January 2010, Read Ann Pettifor and Jeremy Smith’s letter on why Iceland must NOT repay the debt in the FT today: ” Sir, The president of Iceland’s refusal to approve repayment to the British and Dutch governments should be welcomed (January 5). The pause gives the Anglo-Dutch governments an opportunity to withdraw their demand …

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Debts and deficits: stocks and flows

6th December, 2009. Most economists (who should know better) confuse the government’s budget deficit with total government debt. The distinction really is important. Mixing them up is a little like confusing stocks and flows.  Or confusing your outstanding mortgage – say £200,000 – with your monthly debt repayments. They are quite different things, and if …

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