Economics for Workers

Economics for Workers
James Connolly Memorial Lecture 2009 by John Foster
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Due to Greece’s problems, some suggest that the euro will be abandoned. However, the euro is here to stay. Germany is emerging as Europe’s leader, “calling the shots.” Germany has become the world’s third largest weapons dealer. While Europe is gaining power, Obama’s America is losing all support. German papers wrote: “The American president doesn’t have a single ally among European heads of state.” “Obama continues to stand alone on the world stage, seemingly without a goal… The Palestinians no longer trust him, and the Israelis don’t take him seriously.”