http://www.counterpunch.org/2015/07/08/71809
The Financial Attack on Greece: Where Do We Go
From Here?
by MICHAEL HUDSON
July 8, 2015
The major financial problem tearing economies apart over the past century has
stemmed more from official inter-governmental debt than with private-sector debt.
That is why the global economy today faces a similar breakdown to the Depression
years of 1929-31, when it became apparent that the volume of official inter-
government debts could not be paid. The Versailles Treaty had imposed impossibly
high reparations demands on Germany, and the United States imposed equally
destructive requirements on the Allies to use their reparations receipts to pay back
World War I arms debts to the U.S. Government. (…)
HUDSON-Financial-Attack-on-Greece150708.pdf
Peripheral debts: Causes, consequences and solutions:
2 July 2015
Event date: 02 Jul 15 –
The amount of public and external debts from EU peripheral countries is amongst the biggest debts in the world.
(GUE/NGL – this abbreviation stands for Confederal Group of the European United Left/Nordic Green Left)
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