Manufactured Global Economic Crisis | IMF Imposing Austerity Regime

Austerity • difficult economic conditions created by government measures to reduce a budget deficit, esp. by reducing public expenditure : a period of austerity | [as adj. ] austerity measures.

Russia Today

Friday, May 21st, 2010

Stocks plunged again Thursday as more investors woke up to the possibility that economic problems such as Europe’s debt crisis might spread around the world and stop the growing recovery in the US. Webster Tarpley says that the International Monetary Fund come into Greece and say that with 18% unemployment Greece is going to have a deflation program where they will have an austerity regime.


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