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b_b · 3592 days ago · link · · parent · post: "A left that was no longer supposed to exist has returned. Neoliberalism is no longer without formidable enemies."
No. Financial collapse already happened from 07-09. What's happening in Greece is a result of decades of graft by people with power, made all the worse by a deep depression brought about by crippling reparations to Germany. It's a unique situation, and I'd be very surprised to see it spread to Italy, Spain, Portugal, Ireland, etc. Greece has been a kleptocracy for a long time, and by all accounts rich people don't pay taxes there. Unfortunately, EU took to blaming the common man for this. Greece probably had no business being in the Eurozone to begin with, and now everyone is paying for it. So the answer to your question is that financial collapse might be a necessary condition, but it's far from sufficient.