Panic, Fear as Greek Crisis Threatens Global Financial System


Markets fluctuate wildly as Greek rescue effort fails to reassure anyone


Globalization Is the Contagion: On the Idiocy of Interdependency

Kent Welton, Op-Ed News: "Were there no European union there would be no Greek crisis beyond Greece, Greece would have retained its currency and paid its price for budget problems in the value of its currency. But the stitching together of so many diverse countries and cultures into one unit, with one currency, has presented far more problems than it has solved and, worse, has removed national and cultural liberty, sovereignty, as well as necessary freedom for tariff-based re-balancing mechanisms."


Euro-Bankers Demand of Greece

The wealthy won't pay their taxes, so labor must do so.

By Michael Hudson

Financial lobbyists are using the Greek crisis as an object lesson to warn about the need to cut back public spending on Social Security and Medicare.

"The People of Greece Are Fighting for the Whole of Europe"

By Tariq Ali and Mark Weisbrot

'People are asking, in Greece and elsewhere, "How come we are being victimized? All the cuts in public spending affect us; they don't affect the rich. And why are the bankers not being punished? Well, why is this system, the system created by neoliberalism, of deregulation, of actually legalizing financial speculation, why is this not being stopped?"


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