From a European perspective, the financial meltdown of 2008 was the prologue of a full-scale, continent-wide crisis. The US-made financial debacle triggered a complex chain of unexpected events throughout the old continent, contaminating all spheres of social life and resulting in a radically new landscape plagued by political and economic crisis.…
We are very likely arriving at this historical turning point. The landslide victory of No in the July 5 Greek referendum indicated that the popular classes want a halt to decades of neoliberal European integration. This reopening of what Auguste Blanqui called the “chapter of bifurcations” is taking place in the middle of tectonic shifts shaking a continent that has fallen into a spiral of rancor and resentment not seen since the middle of last century.…Second leg down.
Jacobin
The End of Europe
Cédric Durand, professor at the University of Paris 13
3 comments:
The landslide victory of No in the July 5 Greek referendum indicated that the popular classes want a halt to decades of neoliberal European integration.
This conclusion seems implausible. All that No vote showed is that Greeks want an end to their austerity regime. Unfortunately, the rest of Europe, including its "popular classes", seemed perfectly happy to gang up on Greece to keep that regime going.
https://rwer.wordpress.com/2015/03/15/the-10-of-gdp-greek-surplus-on-its-services-trade-balance/
Promote to post please. This is interesting stuff. Will become even more competitive under Grexit and tax cuts.
Done. thanks.
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