How did a private debt crisis turn into a public one? Why can it be used as an excuse to introduce harsh austerity measures? What are the social consequences of these measures? This useful pocket guide published by the Transnational Institute provides straightforward answers to all of these questions by explaining how a crisis created in Wall Street was made worse by EU policies, how it has enriched the 1% to the detriment of the 99% and what alternatives exist to prioritize people and the environment above corporate profits.
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October, 2011
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