Democracy Gone Astray

Democracy, being a human construct, needs to be thought of as directionality rather than an object. As such, to understand it requires not so much a description of existing structures and/or other related phenomena but a declaration of intentionality.
This blog aims at creating labeled lists of published infringements of such intentionality, of points in time where democracy strays from its intended directionality. In addition to outright infringements, this blog also collects important contemporary information and/or discussions that impact our socio-political landscape.

All the posts here were published in the electronic media – main-stream as well as fringe, and maintain links to the original texts.

[NOTE: Due to changes I haven't caught on time in the blogging software, all of the 'Original Article' links were nullified between September 11, 2012 and December 11, 2012. My apologies.]

Saturday, January 28, 2012

George Soros At Davos: Germany Relegating Weaker Euro Nations 'To The Status Of Third-World Countries'

DAVOS, Switzerland -- Philanthropist and former financier George Soros is urging European authorities to take more decisive action to protect the economies of Italy and Spain from financial strain.

He said at the World Economic Forum on Wednesday that the "half measures" adopted so far are insufficient to bring them back to growth.

Labeling Germany a task master imposing its strict anti-inflationary viewpoint on the rest of the continent, he said that weaker countries of the eurozone have been "relegated to the status of third world countries" having to pay back debts in a foreign currency.

He voiced fear that unrealistic demands placed on the weaker economies will exacerbate political tension within the European Union and proposed issuance of joint eurobonds.

Original Article
Source: Huff 
Author: - 
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