J P Morgan - in effect blaming the overthrow of fascist - TopicsExpress

J P Morgan - in effect blaming the overthrow of fascist dictatorships in 20th century Europe for the failure of the Economic Monetary Union. "The political systems in the periphery were established in the aftermath of dictatorship, and were defined by that experience. Constitutions tend to show a strong socialist influence, reflecting the political strength that left wing parties gained after the defeat of fascism. Political systems around the periphery typically display several of the following features: weak executives; weak central states relative to regions; constitutional protection of labor rights; consensus building systems which foster political clientalism; and the right to protest if unwelcome changes are made to the political status quo. The shortcomings of this political legacy have been revealed by the crisis." I see your true colours....

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