Published on truthout, by C.J. Polychroniou, Jan 14, 2015.
In early 2010, Greece became the first among a number of peripheral member states in the euro area, the ultimate neoliberal zone throughout the entire capitalist universe, that fell victim to the global financial crisis of 2008 by being shut out of the international credit markets and subsequently having to end up in the arms of a rescue mechanism designed by the European Union (EU) and the International Monetary Union (IMF) in order to avoid an official default that would have caused a massive meltdown in Europe’s banking system since it was mostly major German, French and Swiss banks that had recklessly loaned billions of euros to the Greek government and Greek businesses … // Continuer la lecture de « Greece, Europe and the Neoliberal Nightmare: Is There a Way Out? »