Inside the Eurozone the creditors have too much power, because they can threaten to cut off money to a member’s banking system or throw you out of the club. The Eurozone has not learnt this lesson for obvious political reasons, which makes it a dangerous club to join.
With regard to austerity for the people, the EU wields an iron fist. When it comes to banks it will bend over backward to be obliging and generous. Read here
Party leader said they cannot go into the vote ‘without taking into account’ recent protests. Read here
In this typically lengthy article Mitchell reviews how and why Germany is imposing its economic policy upon Europe. Read here
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