This week saw a succession of strikes and protests throughout Europe . . . [due to leaders] demanding unprecedented cuts in social programmes, wages and pensions in order to pay for the trillions of dollars handed over by European governments to the banks.
The broadest mobilizations have been in those countries where the most savage cuts have been announced. Wednesday’s general strike in Greece, involving 2 million workers in the public and private sectors, marks a turning point in the political situation throughout Europe. It represents the most significant manifestation of a growing movement of resistance to the attempt by Europe’s governments and corporations to make workers pay for the economic crisis and the multi-billion-euro bailout of the banks. (Source: WSWS)
It is becoming increasingly likely Greece may ask the International Monetary Fund for a bail out now that Germany is making it all to clear it won’t be providing aide. And since the United States is the largest contributor to the IMF, US taxpayers will find themselves footing the bill for the Greek debt crisis. (Source)