 The Euro Crisis and the Job Guarantee: A Proposal for IrelandChapter 7 in The Job Guarantee, 2013, pp 161-177 from Palgrave Macmillan Abstract: Abstract It is now more than clear that highly indebted members of the European Monetary Union will not be able to service their debt. There is no alternative to debt relief. A few of Europe’s leaders finally have started to recognize this inconvenient fact. However, they are not likely to approve any generalized approach to saving Europe. Instead, they want to drag out a resolution as long as possible because any admission of the full scope of the problem means that most of the big banks are hopelessly insolvent. So they will first deal with Greece and watch as the crisis slowly but surely spreads to the bigger nations—Italy and Spain will be next. Meanwhile, they impose deathly austerity on the debtors trying to squeeze the last drops of blood to feed what reporter Matt Taibbi calls the blood-sucking vampire squid (he refers to Goldman Sachs but the description fits all the biggest banks). Keywords: Exchange Rate; Interest Rate; Government Spending; European Central Bank; Full Employment (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-29799-0_8 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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