Roots of Euro crisis
John Grahl (Professor of European Integration, Middlesex University), will be speaking at “Ideas for Freedom”, 9-10 July. He talked to Solidarity.
Some of the Baltic and central and east European countries are in virtually the same situation as the eurozone crisis countries. One big difference as far as the west is concerned is that they’re not in very heavy debt to western banks, so western banks haven’t got a lot to lose. Their debts are largely to the IMF and so on.
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