Adam Ford on the recent elections in Europe.
The financial markets went into a petulant sulk today, in response to the election results in France – where incumbent Nicolas Sarkozy was defeated by his ‘centre-left’ challenger – and in Greece, where two thirds of the electorate voted against avowedly anti-austerity candidates. It seems likely that we will now see some attempt at rebranding austerity – ‘neoliberalism with a human face’ – but this will be nothing more than ‘lipstick on a pig’. The international financial gamblers will allow no let-up in the transfer of wealth from the overwhelming majority to their own decadent and diseased milieu. Continue reading “french and greek voters seek a way out of austerity”