Sunday, February 12, 2012
Another Failure of the System
"Fire-bombs and tear gas greeted negotiations at Greek Parliament on Sunday over the contraversial loan and austerity package to avoid the country facing financial meltdown and being thrown out of the euro-zone". (Even with a bail-out, many commentators think that Greece is doomed). "Contingency plans for a return to the Drachma have been drawn up in Athens, Berlin and Brussels". (There are no lack of views on how this will play out, economically, in the UK).