“Public debt and the crisis in the Eurozone” wine & cheese public meeting, London, 11/12

[hallblithe]

FYI…

Title: Public debt and the crisis in the Eurozone

Date: Sunday, 11.12.2011

Time: 3pm

Location:

Bloomsbury Social Centre
53 Gordon Square
London WC1H 0PD

http://bloomsburysocialcentre.wordpress.com/find-us

Content:

Public debt is on everybody’s mind these days because it’s the main
reason given for the massive cuts package pushed through by the
government. However, when most people – in particular activists –
discuss public debt, they usually either (a) discuss whether the
current debt level does require the cuts or (b) that the current
crisis is the harbinger of death of capitalism (as we know it).Yet,
for many people it is not even clear what public debt is, what a
government bond is, why states take on debt in the first place, who
buys these government bonds and why, why Germany and Italy cannot
seem to agree on a strategy out of the Eurocrisis and what
particularities of the Eurozone this points to.

In this meeting we want to start from the beginning and to provide an
introduction to public debt, what it means for finance capital and
the Euro. We also want to discuss common misconceptions about public
debt and how to argue against them. No regular consumption of the
Financial Times and no prior knowledge on economics or mathematics is
required. Everbody welcome.

Cheers,
the Wine & Cheese Appreciation Society
of Greater London
www: http://junge-linke.org/en

 

 

[ALB]

Here’s the answer given to the government’s claim that their debt is our problem by a striking healthcare worker on 30 November (and published in the Times the next day):

Quote:

The Government is in debt but why should I have to pay for it?

Good question.

[Author]

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