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economics | Links International Journal of Socialist Renewal links.org.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from links.org.au Daily Mail and Mail on Sunday newspapers.
In autumn 2008 big banks in the world’s richest countries went bust. Governments bailed them out or nationalised them. The sharp end of the crisis was swivelled to point at governments, and their ability to manage debt, rather than at the banks. The governments have managed the sequel by giving priority to getting banks profitable and independent again, and making the working class pay. That is the story behind the “bail-outs” of Greece, Ireland, and Portugal, and Greece’s second “bail-out”, currently being negotiated. ....
Should the left campaign for Greece to quit the euro? Or should it campaign for anti-capitalist demands, accepting that this may lead to a break-up of the euro, but aiming for a united Europe restructured on different lines? That was the key issue of dispute in a well-attended debate in London on 12 November, organised as part of the annual conference convened by the journal Historical Materialism. The platform speakers were: ....
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