That Europeans have finally been hit hard by the politics of austerity and debt repayments at all cost is regrettable, but it could have positive consequences if they wake up to the need to change things globally. Perhaps this Greek crisis will spur the world into action, now that Europeans not just Africans, Latin Americans and Asians are under the cosh.

Source: www.theguardian.com

Great article by Jonathan Glennie in the Guardian. We need an international debt restructuring conference.

See on Scoop.itThe Great Transition

Advertisements