A World at Financial War
Will Greece Let EU Central Bankers Destroy Democracy?
Hudson, Michael
http://www.counterpunch.org/hudson06062011.html
Date Written: 2011-06-06
Publisher: CounterPunch
Year Published: 2011
Resource Type: Article
Cx Number: CX12597
The crisis for Greece – as for Iceland, Ireland and debt-plagued economies capped by the United States – is occurring as bank lobbyists demand that “taxpayers” pay for the bailouts of bad speculations and government debts stemming largely from tax cuts for the rich and for real estate, shifting the fiscal burden as well as the debt burden onto labor and industry. The financial sector’s growing power to achieve this tax favoritism is crippling economies, driving them further into reliance on yet more debt financing to remain solvent.
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