All entries for Friday 19 August 2011
August 19, 2011
The EU crisis is deepening. Italy is succesfully managing to get its "I" back from Ireland in the PIGS group. It may be an opportunity to finally move on with fiscal and economic union, or a negative one where capital exploits a good crisis to weaken labour and democratic prerogatives - as it is happening with the Italian reforms apparently forced, in the middle of the August holiday, by the European Central Bank.
In any case - the situation is foggy and Stirling is definitely not a good observatory for the European crisis. So tomorrow I am flying back to Spain, sorry, Catalunya, for a couple of weeks. On my way back, I will stop for a week in Switzerland, for a conference and hopefully some good mountain hiking, but don't take this as a run to the Swiss Franc.