Erinç Yeldan As the recession in Europe painfully proves all attempts at austerity to be dead-ends, the search for the miraculous “silver-bullet” continues. The European Central Bank (ECB) has initiated a negative “nominal” interest rate. That means the ECB, the first monetary authority to ever take such an action in a common currency zone, will … Continue reading As the Wage-Profit Conflict Sets In, Troubles Deepen for Global Capital