Thursday, February 11, 2010

European capitalism's weak link?

from Socialist Worker. An analysis of the growing conflicts between labor and capital in Greece.
Politicians and the media blame the crisis on the supposedly generous Greek welfare state, which, they claim, must be slashed to bring the budget under control. In fact, the situation is the direct result of the neoliberal policies that were followed by the social democratic governments of the 1990s, and even more so by the right-wing government of Prime Minister Kostas Karamanlis, as the leader of the New Democracy (ND) party between 2004 and 2009.