David Cameron’s move to save the City, not the euro
.. no other European capital thinks quite like London,
and no other European capital will think like London
anytime soon.
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Posted by Manfred Ostrowski - Dec 12, 2011 - 6:25 AM PST
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Manfred Ostrowski (review), Bob Herrschaft (review), Barry Grossheim (review)
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Manfred Ostrowski - Dec 12, 2011 - 6:31 AM PST
This is excellent journalism because it brings to the forefront the significance of London's financial center,"The City", and shows how its interests will inevitably clash with those of continental Europe. David Cameron is revealed as the prime broker of The City's agenda while the "gushing accolades of the British press" pander to anti-Continental propaganda and the British public suffers from a recession that is "the worst in decades".
The significance of "The City" was outlined in Nicolas Shaxon's book, Treasure Islands which I was prompted to read after his interview with Amy Goodman(posted by Dwight back in April). The book is short but lucidly written, chock full of interesting details on overseas squirreling of profits. I have reposted the link to the interview which is still very relevent and should clarify some things that this article didn't cover about" The City's" significance in international finance chicanery.
There is a good deal of truth in the old cliches about the gap between the Anglo-Saxon mentality and the Continental mentality. At the same time, something has shifted ... More »
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