Wednesday, November 16, 2011

Post Democracy

Aditya Chakrabortty :
Until this weekend, Monti served as an adviser to the world's number one investment bank, Goldman Sachs. As for Papademos, his biggest political intervention before becoming prime minister was to argue against the recent eurozone deal to write off half of Greece's debts – it should, he claimed, be a far smaller discount, so as not to hurt banks. One man was a banker, the other defended their interests, and yet the claim is that they have shed those prejudices in the past few hours.

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