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The Euro And Austerity As A Powder Keg In Europe

Via Critical Legal Thinking, excerpts from a translated interview with Alexis Tsipras, the leader of Syriza (the Coalition of the Radical Left), Greece’s new second largest political party:

I believe the European model has to be rebuilt from below. We can’t be sat­is­fied with what today is called Europe. The cur­rent crisis is not a European crisis but a global one. Europe today does not have the mech­an­isms to con­front it or con­trol the world­wide fin­an­cial attack against its peoples. Hence why Europe became a con­tin­ent where the attack of the global fin­an­cial sys­tem was fero­cious.

The [euro currency] has become a prison for the peoples of Europe, espe­cially the weak­est eco­nom­ies on the peri­phery going through the crisis. The con­tra­dic­tion is in the base on which the euro was built. The euro is a powder keg that is going to explode if we con­tinue in this dir­ec­tion.

Greece became an ultralib­eral exper­i­ment, a guinea pig.

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