The G20 is no more legitimate than its progenitor the G7 (Canada, France, Germany, Italy, Japan, UK and USA). It was launched by the industrialized countries three years ago when they were beginning to feel the effects of the biggest economic crisis since the 1930’s....
papandreou
Where Did the Left Go? | by Serge Halimi
The Occupy Wall Street protests in the US are also directed against the Street’s representatives in the Democratic Party and the White House. The protesters probably don’t know that Socialists in France still consider Barack Obama exemplary, since, unlike President...
Greece: going under | by Michael Roberts
The Greek prime minister George Papandreou’s call for a referendum on the bailout package agreed with the EU leaders and the IMF sounds like a move towards democracy. The Greek people are apparently going to be asked whether they want to accept or reject massive cuts...
Would European capital sacrifice Greece to protect profits? | by Richard Seymour (“Lenin’s Tomb”)
Answer: what do you think they've been doing? On Monday, the Greek Prime Minister announced that his government would hold a referendum on the latest Euro austerity package. And look at the reaction to this ostensible democratic naivete. Stock markets slide...


