“When the ants and the grasshoppers are distributed across the division separating surplus from deficit nations within a badly designed monetary union, the stage is set for a depression that sets all against all in a vicious spiral from which only losers can emerge.” Yanis Varoufakis explains why he thinks that countries in the euro zone can neither bail out nor be bailed out of the current crisis.
www.channel4.com
Tag Archives: euro
The real reasons Bush went to war
“Oil and the dollar were the real reasons for the attack on Iraq, with weapons of mass destruction as the public reason now exposed as woefully inadequate.” A disturbingly coherent explanation put forward by John Chapman.
www.guardian.co.uk