On Dec 12, 2011, at 6:25 AM, James Heartfield wrote:
> When USA Today wants to know what is happening in Europe, they know who to ask
>
> ‘James Heartfield, a lecturer on EU politics at Queen Mary University in London, says...’
>
> http://www.usatoday.com/news/world/story/2011-12-11/europe-financial-crisis/51811684/1
My quote got cut. But it's restored here:
http://www.presseurop.eu/en/content/blog/1277741-politics-leaves-eu
> Just prior to the summit, New York based economic commentator Doug Henwood, author of "After the New Economy", stuck an interesting note, telling me the EU would do nothing to resolve the crisis in the eurozone.
>
> "All these summits are empty showmanship. As they end, they just recycle the previous press release. No one wants to admit that Greece and other debtors can't pay, and some kind of debt restructuring is necessary as part of a long-term recovery and growth strategy. But as long as the German sadomonetarists are in charge, that's not going to happen," he said.
>
> Strong words, but not wrong. Since then we have seen precisely what Mr Henwood predicted occur.
Doug