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Detroit, Dec. 8: Fighting Austerity, from Europe to Detroit

Greece June 28, 2011
Greece June 28, 2011

5920 Second Avenue, Detroit, 5 p.m.
Just north of Wayne State University and I-94, one block west of Cass, at Antoinette

Dinner served — $5 donation, $1 unemployed

Program and discussion

In the U.S. and abroad, nationally and locally, governments have been invoking measures of austerity in the wake of global economic slowdowns and mounting debt crises. Recently, Germany sent 44 billion Euros to Greece in an attempt to stabilize the nation’s economy, which is in sheer chaos. Even in the Bundestag and by Chancellor Merkel it was admitted that this would cost the German people (specifically the German working class) billions more in already high tax rates yet will not be enough to stem the Greek crisis. European youth unemployment, particularly high in the southern countries, has skyrocketed to a whopping 23.9 percent amidst all the debate between austerity and “growth.”

General strikes and demonstrations over the past month have rocked Europe; on Nov. 14th the entire Iberian peninsula was shut down due to a workers’ general strike in protest to austerity.

In the United States our attention is focused on the “fiscal cliff,” and how to stop the automatic budget cuts and tax increases set to take place on Jan. 1st if legislators cannot come to a deal first. But the deals being discussed will still contain austerity measures in the form of program cutbacks and higher taxes for workers.

In Detroit, despite the overturn of the Dictator law (Public Act 4), Gov. Snyder withheld $10 million in sold municipal bonds in order to strong-arm the bank-imposed austerity measures, and he is set to withhold $20 million in December. Mayor Bing calls for city workers to “share the pain”, but is committed to making sure the banks get theirs in the form of exorbitant debt service.

How does this affect the working class? How does this affect you? How can we fight back?

http://www.workers.org/

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