EU/IMF bank bailout only scrapes tip of iceberg
Even as the votes in yesterday’s Referendum are being counted to determine whether it’s ‘Yes’ or ‘No’ to the Fiscal/Austerity Treaty , attention will already be moving to the immediate and medium term future of the Eurozone and the fate of the millions of people in its economically beleaguered periphery. History may well show that the treaty itself was an almost irrelevant distraction from an honest appraisal of the cataclysmic problems that bedevil the currency union as all the contradictions in its economic and financial systems assert themselves with a vengeance.
The government will be hoping that the Jubilee flotilla of 1,000 ships on the river Thames will serve as a useful distraction while it pushes through more swingeing cuts. But, as Becci Heagney explains, the Diamond Jubilee is more than just a diversion. Behind the pomp and circumstance, the existence of the monarchy poses a potential threat to the fight against austerity and more.