Sunday, 26 June 2011
The Eurozone crisis: in the trenches
Slí Eile: It never ends. One last deflationary-bail-out-shock the markets-slash the deficit push on the plains of Picardie and this will see us home for Christmas and recovery will return and we can get back to normality. Two pieces offer themselves for careful consideration this morning - Colm McCarthy in the Sunday Independent here and Michael Burke writing on Socialist Economic Bulletin here. The writing is on the wall. If domestic deflation is not impressing the angry gods why do we continue to sacrifice our children's future in the name of the modern day gold standard? Martyn Turner said it all in a picture cartoon in the Irish Times earlier this week.