The Eurocrats, led by the ECB, are now using this crisis to ram through their vision of Europe, which is fundamentally anti-labor and pro capital. That explains why the markets are celebrating today. But it lays the groundwork for more hostility and conflict in the future.
Wasn’t this precisely what the European Union was designed to prevent?
Marshall Auerback, “‘Extend and Pretend’ Continues in the Euro Zone”