Sunday, November 20, 2011

THE PRIORITIES OF PROFIT

Greece is forced by European leaders to abandon a referendum to allow the people the chance to vote on its latest bailout conditions. The conditions of the next 130bn euros rescue package will be severe but ignores the extent to which the German and French military industries rely on Greece. "The small, crisis-hit nation, whose prime minister, George Papandreou, narrowly survived a vote of confidence on Friday, buys more German weapons than any other country. Some Greeks want to know why it is that France and Germany are demanding cuts in pensions, salaries and public services, but the buying of arms is allowed to continue unabated." (Independent, 7 September) French and German capitalists, like all capitalists world-wide, are more interested in profits than the plight of Greek pensioners. RD

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