12 Mar, 2013
The Fall of the House of Europe : Pepe Escobar – Asia Times Online
A detailed case can be made that the financial Masters of the Universe used the aftermath of the 2008 financial crisis to turbo-charge the political disintegration of the EU via a tsunami of salary cuts, job precariousness for the young, the flattening of pensions and hardcore privatization of everything. No wonder roughly 75% of Italians ended up saying ”No” to Monti and Merkel.
The bottom line is that Europeans – from Club Med countries to some northern economies – are fed up of having to pay the debt accumulated by the financial system.
Read the rest: Asia Times Online : The Fall of the House of Europe.
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