Economic recovery in Europe: Rhetoric and reality
In Paris and Berlin, politicians and sections of the media are speaking euphorically of an end to the recession and the start of an economic upturn.
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In these declarations there is a combination of self-delusion and calculation. The politicians and financial players have a vested interest in promoting a mood of euphoria to sustain the heady rally on global stock markets. However, there is little in the actual economic situation in Europe and internationally to justify such optimism.
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The financial elite regards the crisis as an opportunity to dismantle, with the collaboration of the trade unions, all that remains of the social gains won in the course of decades of struggle by the working class
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