Austerity doesn’t work – it’s official. An American bankers’ think tank, the Institute of International Finance, has just come out with a report which concludes the bleeding obvious: that the all-out pursuit of debt reduction at the expense of economic stimulus has made the Greek situation worse. The Institute’s chairman Charles Dallara, who worked for…

IT’S begun in France now. After last week’s massive demonstrations in Greece and Spain, on Sunday thousands took to the streets of Paris in opposition to the austerity package introduced on Friday by President François Hollande’s Socialist Party government. Having called for austerity to be imposed on the economically troubled countries of southern Europe, Hollande…

The Bangkok Art and Culture Centre, opened only four years ago by the municipal authorities, is a spacious modern nine-storey Guggenheim-style building. Its aims are to exhibit contemporary art, provide a meeting place for artists and hold community cultural events. When so many of Asia’s great galleries still appear to have little connection with their…

When the Troika came back to Athens last week, parliament was deadlocked over the brutal austerity package, but outside sporadic protests had already begun. Angry pensioners stormed the health ministry over the loss of their pharmaceutical benefits, while industrial action was being planned by journalists, teachers, doctors, transport workers and even judges, who are expected…