In recent weeks there has been much discussion about what to do about Greece. These questions become all the more relevant as the country attempts to float a multibillion-euro bond issue later this week. The Financial Times has called this fund-raising a critical test of Greece's credibility in financial markets as it battles with a spiraling debt crisis and strikes.

Readers, given the fairly recent riots in Greece just a few months ago, this is likely to cause a major popular explosion. The particular regime had ties into the military dictatorship that was installed by the west after WWII. This process will not end well for the European "union." Admin.

In a dress rehearsal for this November’s mid-term election, Democrats and Republicans vied last week for who could denounce the banks and blame the other party the most for the giveaways to Wall Street that have swollen the public debt since September 2008, pushing the federal budget into deficit and the economy into a slump.

Readers, what is important here is both the limited agenda and how that happened. The Side bar is the stupid, ethonocentric, and wealth arrogant hubris that Google attempted to deal with what they identified as a problem. It all is in my opinion very funny, it is only the beginning of the lowering of the imperialist capitalist class. Admin

Jan. 30 (Bloomberg) -- Google Inc.’s opposition to censorship in China was the one topic left off the table in Davos -- at China’s request.

Fears of a euro break-up have reached the point where the European Central Bank feels compelled to issue a legal analysis of what would happen if a country tried to leave monetary union. “Recent developments have, perhaps, increased the risk of secession (however modestly), as well as the urgency of addressing it as a possible scenario,” said the document, entitled Withdrawal and expulsion from the EU and EMU: some reflections.

Readers: this article is important because it describes an effort to defend and re-establish the sovereignty(aka a commons) of democratic governance over the control of a national economy in the name of and in the interests of the people of that nation. This has potential implications for de-legitimating the US Owen Glass Bill of 1913 which privatized the control of the US economy in favor of private financialization and speculation. Toward the center of the issue for Iceland, Latvia, and others is who is responsible for loses run up by private banking interests.

Thu May 28, 2009 at 11:50:33 AM PDT

on why the USA auto industry bailout is so different from the bailout of Wall Street.