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Archive for July, 2015

How to Destroy Europe, in 8 Easy Steps

The Eurozone, and the larger European Union within which it is embedded, finds itself at risk of turning into a project of safeguarding the wealth and status of the select few — what Jürgen Habermas has characterized as a ‘hybrid actor’ consisting of European institutions and private investors and financial conglomerates. Private banks, mostly French and German, were bailed out in 2010, at the expense of the public, and countries such as Greece found themselves unable to meet their financial obligations. But just because a country hasn’t paid up, doesn’t mean that it hasn’t paid a price. European leaders, argues BRB editor Axel Gelfert, must start valuing people, not numbers.