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Saturday, August 24, 2019
PARIS, Dec 20 2011 (IPS) - It is clear that the European Union cannot summon the political will to stand up to the markets and resolve the crisis. Until now the lamentable behaviour of European leaders has been blamed on their staggering incompetence. However, this (correct) assessment doesn’t go far enough, particularly after the recent ”financial coups d’etat” that in Greece and Italy have dynamited a certain conception of democracy. What has been happening is less a matter of mediocrity and incompetence than active complicity with the markets.
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