Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Friday, 27 January 2012
Davos Meeting Seeks to Ease Europe Tensions
Finance chiefs at the World Economic Forum in Davos have been trying to reassure business leaders about Europe's efforts to resolve its crisis. Supported by the US, the IMF is putting more pressure on Europe to pile extra money into its rescue fund, and the US will not put more money into the IMF until EU leaders strengthen their bail out fund. There are also signs that Greece is nearing a key deal with private bondholders to reduce its debt. Al Jazeera's Andrew Simmons reports from Davos.
