Friday, January 21, 2011

The crisis in Europe and the financial aristocracy

by Stefan Steinberg from World Socialist Web Site

It's banksters über alles in Europe!
In one country after another, social systems are being dismantled and health care provision ravaged. Echoing a demand from the money markets, the German chancellor called last week for the increase in retirement age to 67 years for all of Europe.

The slash-and-burn tactics advocated by the financial elite and introduced by compliant governments across Europe are rapidly impoverishing workers and the middle class. The rapacious and completely reckless nature of this layer introduces a new and explosive element into world politics.