this post was submitted on 20 Nov 2024
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Europe

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Greece faces general strike as workers protest cost of living squeeze (www.theguardian.com)
submitted 5 months ago by [email protected] to c/[email protected]
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[–] [email protected] 6 points 5 months ago* (last edited 5 months ago) (1 children)

The Eurozone is run by the cartel of private banks, which impose neoliberal austerity. Eurozone countries have abdicated their monetary sovereignty to the financial sector, which is owned & run by wealthy. Keynesianism is impossible because deficit spending is disallowed. It’s complete shit; even worse than the US Federal Reserve that it was modeled after.