Cancellation of Illegitmate Debts Instead of Bailout Umbrellas for Financiers (tags)
The inflation of public indebtedness was an essential element for the enhanced power of financial capital. That inflation was a result of a conscious under-financing of the state and is a lever to enforce an austerity policy. Financialization intensified the pressure to precariousness.
Day 7 of the revolt in Greece (tags)
The Greek Intifada continues and the government is unable to impose its control in the country, spreading fears among the ruling classes all over the European Union.