The rapidly developing European economic crisis is the consequence of a deliberate policy on the part of the European political elite to ensure that the broad masses of the population pay the price for the massive bail-out of the banks following the crash of 2008. Having poured hundreds of billions of euros into the vaults of the banks, European governments are now in the process of imposing vicious austerity policies across the continent, plunging millions into unemployment and poverty.See also this for latest coverage on the European debt crisis.
in the time remaining, to help us understand how the man-made system of capitalism will lead to the extinction of our human species, and so many others.
Monday, November 15, 2010
Growing signs of renewed debt crisis in Europe
by Stefan Steinberg from World Socialist Web Site.