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Old 08-21-2009, 08:28 AM
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Economic recovery in Europe: Rhetoric and reality

"In Paris and Berlin, politicians and sections of the media are speaking euphorically of an end to the recession and the start of an economic upturn."

"Not only have the banks dictated their own rescue packages to their respective governments, they have profited handsomely from the process. The billions turned over to the banks are being used as a pool for further speculation, while bailed-out banks impose high interest rates and fees on governments seeking loans to cover their ballooning debts.

The financial elite regards the crisis as an opportunity to dismantle, with the collaboration of the trade unions, all that remains of the social gains won in the course of decades of struggle by the working class."

http://www.globalresearch.ca/index.p...t=va&aid=14860
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