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Published: Monday, 19 September 2011 16:46
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Written by Alan Woods
Europe is standing on the edge of a
precipice. This is the judgement, not just of the Marxists, but of the
most serious strategists of Capital. Barely six weeks have passed since
the latest Greek rescue package, and it is already unravelling. There is
now a general crisis of confidence in the ranks of the bourgeoisie
internationally. The panic, which is reflected in the wild gyrations of
the stock exchanges, has spread rapidly from Europe to America. It is a
kind of deadly contagion that has infected all the euro zone’s big
countries.
Read more: The Greek crisis: Europe on the brink of a...