Europe digging deeper crevasse instead of backing away from precipice
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Its groundhog day in Europe as newspapers begin to talk about a possible financial meltdown, again. This time investors are jittery because Greek politicians are struggling to cobble together a workable government.
Later today, immediately after being sworn in, the new French President Francois Holland will meet with German Chancellor Angela Merkel to discuss Europe’s economic future.To explain developments in Europe and their potential impact on Australia, The Wire spoke to expert on European political economy, Joseph Halevi.We began by discussing the (perhaps implausible) hopes of Greek voters.
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