Economist Dean Baker on RT giving a quick update on why Eurozone collapse is avoidable, and why austerity has only made things worse, video titled:
“Merkel and Sarkozy strangling Eurozone”
We have an atomic bomb that we can use in the face of the Germans and the French: this atomic bomb is simply that we won’t pay.
Debt is our only weapon and we must use it to impose better conditions, because recession itself is what is stopping us complying with the (EU-IMF Troika) accord. We should make the legs of the German bankers tremble.
By Pedro Nuno Santos, vice-president of the Socialist Party in the Portuguese Parliament, UK TelegraphEverything you need to know in under 3 minutes about the political dynamic of the Euro, Greece, Italy, Germany, and the erosion of democracy in Europe. UK Independence Party Leader Nigel Farage speaks the truth.
Mr. Van Rumpuy, you, an unelected man, went to Italy and said
“this was not the time for elections”…What in God’s name gives you the right to say that to the Italian people?
Economist Dean Baker, who correctly predicted the economic crisis years in advance, breaks down why the ECB, and not “irresponsible” Greeks, Italians, Irish, or Portuguese, created the Eurozone mess.
