Monday 29 March 2010 by: André Orléan | Le Monde
"However, today, the mass of liquidities thus produced, associated with the vertiginous growth in public debt, brings the crisis into a new stage in which the question of currency values enters the spotlight. In this matter, the sites for a possible rupture exist: for example, the dollar's hegemony, the unity of the Euro zone, the parity of the yuan - or the weakness of the pound Sterling? Should such a rupture occur, then the cohesion of international neoliberalism would find itself called directly into question.
The forces of shock that surfaced in August 2007 have not yet finished making felt their devastating effects."
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