[lit-ideas] Re: Europe Moves Closer to Banktatorship
- From: Mike Geary <jejunejesuit.geary2@xxxxxxxxx>
- To: lit-ideas@xxxxxxxxxxxxx
- Date: Sat, 2 Jun 2012 10:50:45 -0500
Welcome to the American Republican Party political philosophy.
Mike Geary
plutocrat-in-waiting
On Fri, Jun 1, 2012 at 2:04 PM, Omar Kusturica <omarkusto@xxxxxxxxx> wrote:
> The present crisis, which is largely the result of excessive credit
> expansion and poor risk management by EU banks, is being used by
> the European Commission and the ECB to establish a euro-wide ”banking
> union” and to impose savage cuts to social programs, health care, and
> pensions. The response by EU policymakers is a social counterrevolution
> designed to transform the 17-member monetary union into a
> permanent ”austerity zone” ruled by corporate elites and big finance.
>
>
> http://www.counterpunch.org/2012/06/01/europe-moves-closer-to-banktatorship/
>
>
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