“Mr. Lapavitsas describes the party’s platform as ‘a Keynesian program with redistribution attached, with some Marxist view of the world.’ He adds: ‘We are not ashamed of that.’ In the tradition of John Maynard Keynes, Syriza advocates public spending to reignite economic growth. Greece can afford to spend more if some of its debt is forgiven by other countries. Nikolaos Chountis, a Syriza candidate in Athens, ticks off the party’s spending priorities: food and electricity subsidies for impoverished households, a pension boost for the poorest retirees, a hike in the minimum wage and tax cuts for low earners.”
http://www.wsj.com/articles/syrizas-rise-fueled-by-professors-turned-politicians-1422045127
Related posts:
China's new $16bn gold fund at centre of new 'Silk Road'
ESM Permanent Bailout Fund Prepares for Prime Time
Family of man executed in Ohio using untested procedure plans suit
AFP: War Powers Resolution gives Obama the power to attack Syria
Foster children taken away from UK couple for political party membership
World's costliest auctioned car 'in Swiss hands'
Afghans reject US-favored administrative detention
Police issue warning over new Canadian bank notes as counterfeits flood in
Israel arrests teen girls over hate attack on Palestinians
As Border Patrol guns down Guatemalans, volcanic eruption displaces thousands
Military ready to act over Syria says U.S. Defense Secretary Chuck Hagel
NYC's Bloomberg led the way on trans fats ban
India’s poor ‘duped’ into clinical trials for untested drugs
How The Alternative Minimum Tax Could Slam You
U.S. bans Americans from traveling to North Korea