July 4, 2011

Europe's Wakeup Call

Serge Halimi, Le Monde Diplomatique

AP Photo

The economic, and democratic, crisis in Europe raises questions. Why were policies that were bound to fail adopted and applied with exceptional ferocity in Ireland, Spain, Portugal and Greece? Are those responsible for pursuing these policies mad, doubling the dose every time their medicine predictably fails to work? How is it that in a democratic system, the people forced to accept cuts and austerity simply replace one failed government with another just as dedicated to the same shock treatment? Is there any alternative?

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TAGGED: Eurozone, Europe, Portugal, Ireland, Spain, Greece, in Ireland

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