Paul Krugman has a reasonable explanation for what is going on in Greece and France where elections have changed the guard a day or so ago. And his explanation highlights just how out of touch with reality the Harper government is with its own austerity plan, trying through slashing and
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CuriosityCat: Eurozone: The coming New Deal
Thank heavens for democracy! In a world taken to the brink of financial implosion because of lax regulations of financial institutions, incompetence of regulatory authorities, pure greed on the part of the stakeholders in our investment banking industries (banks, merchant banks, regulatory agencies, regulatory authorities, lawyers, auditors and the like)
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