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Let me add this: Cyprus is still under attack, yet the (communist-led, I should remind readers) has agreed to austerity measures much more mild and indeed progressive (as they raise taxes on the richest and on property) in their effects that the usual kill-the-poor routine... This basically because the huge explosion last month, that knocked-out most of Cyprus' power generation and dealt a crippling blow to the economy, had made the government more susceptible to pressure, especially given the exposure to Greek debt and banks.

The road of excess leads to the palace of wisdom - William Blake
by talos (mihalis at gmail dot com) on Thu Aug 11th, 2011 at 08:16:32 AM EST
[ Parent ]
That leaves Malta, Slovenia and Slovakia, then...

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Thu Aug 11th, 2011 at 08:17:16 AM EST
[ Parent ]


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