Europe: Prison of Nations


by Eric Walberg
Global Research, March 4, 2009
Al-Ahram Weekly


Sarkozy’s ‘incoherence’ is a sign of the euro-impasse.

Riots swept across Eastern Europe this winter. In Latvia 100 were arrested when they attacked the Finance Ministry with cobblestones from the quaintly restored tourist area protesting unemployment, budget and wage cuts. In Lithuania, riot police fired rubber-bullets and tear gas on a trade union march. A demonstration in the Bulgarian capital turned violent leading to the arrest of 150 protesters. These three states are all members of the Exchange Rate Mechanism (ERM2), the euro’s pre-detention cell. They must join.

The IMF calls for devaluation of the currencies of these “economiesâ€