Friday, May 21, 2010

Austerity regime in Europe

Stocks plunged again Thursday as more investors woke up to the possibility that economic problems such as Europe's debt crisis might spread around the world and stop the growing recovery in the US. Webster Tarpley says that the International Monetary Fund has come into Greece and says: with 18% unemployment Greece is going to have a deflation program where they will have an austerity regime.

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