UNISONActive is an unofficial blog produced by UNISON activists for UNISON activists. Bringing news, briefings and events from a progressive left perspective.

Tuesday 1 November 2011

The 21st Century money trick - converting the bankers 'bail out' to 'public debt'

Ahead of the G20 summit, ITUC leader Sharan Burrow pulls no punches as she surveys the state of the global economy and growing public discontent with the political elite – ‘what is common is recoil at the excesses of the world's financial institutions that appear committed to a form of Mutually Assured Destruction in their pursuit of profits. They over-reached, got bailed out by governments and created the crippling public debt crisis, particularly in Europe, that now threatens the security and quality life of ordinary workers around the globe’ http://www.huffingtonpost.com/sharan-burrow/g20-cannes-financial-regulation-_b_1067017.html