Re: [Marxism] Government Debt Purchases in EU

["Lüko Willms" <lueko.willms@xxxxxxxxxxx>]

S. Artesian wrote: 

> Eurozone banks have sharply increased their holding of government debt in 
a sign of the deteriorating economic climate....
> 
> Bank holding of eurozone government bonds rose by E115 billion between 
November 1 and the end of January-- the biggest three month rise since 
September 1997--- to stand at E1299 billion, according to the European 
Central Bank...

   Well, somebody _has_ to buy the government bonds issues to finance the 
bailout of the banks, right? 

   I guess it is not too different from the situation in the USA. 

   BTW, it shows that the demand to _nationalise_ the banks and merging 
them to one public bank should be a central demand of the working class 
movement. 


Comradely yours, 
Lüko Willms
Frankfurt, Germany
--------------------------------
visit http://www.mlwerke.de Marx, Engels, Luxemburg, Lenin, Trotzki in 

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