Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-06-Speech-1-076-000"

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"en.20110606.17.1-076-000"2
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"Madam President, the process of replacing the Managing Director of the International Monetary Fund (IMF) is inseparable from the difficulties and contradictions which the capitalist system is facing today in the light of its worsening crisis. The ongoing change to one of the institutions at the system’s apex is inextricably linked to the disputes between the various factions of big capital, where conflicts are emerging between the major powers. It is also inseparable from the unresolved issue of reforming the monetary system and, with it, the currency war over the dollar’s hegemony at global level. This is a war whose consequences are dumped onto the backs of the workers and peoples of the periphery, as we can see in the European Union. Without hiding for one moment the enormous extent to which the centre left and its longstanding ties with neoliberalism are responsible for this process, it is also inseparable from the conflict between those who have been accepting the need to restructure debts within the euro area and those who are pushing to rush blindly on ahead towards new means of institutionalised and openly colonial intervention. In any case, both seem committed to taking the exploitation and oppression of the workers and peoples to new levels."@en1
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