Posts Tagged ‘Currency’

Why the Euro is the gold standard writ large…

by Ann Pettifor.

The euro not only replicated key elements of the gold standard – but went much further: European currencies were simply abolished. States lost control over both their currency and their central bank. Parallels with the operation of the gold standard explain why, like the gold standard, the euro will fail. The euro system denies monetary […]

Labour must oppose the Greek “bail-out” and support the dismantling of the Euro

by Jon Lansman.

Opinion within Labour appears to be moving on the Greek “bail-out”. First, Ed Balls contemplates working with eurosceptic Tory MPs to oppose the use of British cash to fund the bail-out. Not quite principled opposition to the bail-out itself, and not surprising therefore that he was accused of opportunism. Then this week Jack Straw, always […]

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