[lbo-talk] EU gets serious

Carrol Cox cbcox at ilstu.edu
Mon May 10 07:26:33 PDT 2010


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Doug Henwood wrote:
>
> On May 9, 2010, at 9:57 PM, Carrol Cox wrote:
>
> > Do you suppose the undisciplined Greek riots (for they were as much
> > riots as demonstrations) had anything to do with this?
>
> Not much. It had more to do with the riot in the bond market. And this
> won't reduce the pressure on Greece et al for austerity programs.

I would mostly agree. And we can't guess from here whatr popular rsponse there will be to that pressure. Most incidents such as this are not sustained. But some _are_ sustained and grow.

Carrol



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