Throwing more debt, in the short or long run, at the problem will not solve the problem. At most it merely alleviates or postpones the problem. This is precisely because the source of the problem does not lie within the process of circulation (i.e. money and credit spheres). It is contained within the production process­­­.

Yet more startling  news from the Wikileaks US Cables. This time its about US attempts to overthrow Bolivian President Evo Morales. Full text at link.

Recently released United States embassy cables from Bolivia have provided additional insight to the events leading up to the September 2008 coup attempt against the Andean country’s first indigenous president.

On September 9, 2008, President Evo Morales expelled then-US ambassador Philip Goldberg as evidence emerged that Goldberg and embassy officials had been meeting with several key civilian and military figures involved in an unfolding coup plot.

“The member states whose currency is the euro may establish a stability mechanism to be activated if indispensable to safeguard the stability of the euro area as a whole. The granting of any required financial assistance under the mechanism will be made subject to strict conditionality.”

- Amendment to Article 136 of the EU Treaties (TFEU) which was decided on by the 27 EU Member States at the March European Council summit and which licensed the 17 Eurozone States to sign the European Stability Mechanism Treaty on yesterday week, 11 July.

This ESM Treaty would establish a permanent EU bailout fund from 2013. The ESM Treaty and the Art.136 EU Treaty amendment which authorises it now go around for ratification by the Member States. The Government has decided not to put it to referendum here even though it means more power to the EU. The ESM Treaty can be downloaded from the internet.

Two previous articles, 'Of Cups, Rings and Cultural Heritage' & 'Cultural Heritage and the Economy'  (Indymedia, August 1, 2011) dealt with recent research on the Hill of Tara and Bend in the Boyne that could open a new chapter in their history, as well as that of hundreds of additional archaeological sites throughout Ireland, the UK and other Atlantic/Mediterranean European countries.  More importantly, they discussed the apathy on the part of the politicians, government agencies and archaeologists in Ireland towards that research, and its potential cultural and economic benefits.  In all fairness though to the aforementioned, what of the European Union and UNESCO World Heritage Centre, who are just as responsible for protecting the cultural heritage and economies of countries within the Euro Zone.

Considering the dismal economic state of a growing number of EU nations, it is more important than ever for them to protect their cultural heritage, as it is firmly linked to their economies in the form of tourism.  Though one tends to think of cultural heritage as something taught in schools and preserved in museums, it goes well beyond that, as evidenced by the attraction of archaeological and cultural World Heritage Sites to millions around the world. Though sites such as the Bend in the Boyne and Stonehenge play a significant role in our understanding of who we are and where we came from, every site, however small, is just as important, and they deserve to be indentified, excavated, restored and preserved for future generations.

The following is the first of three articles regarding cultural heritage and its potential benefits to the economies of Ireland, England, Scotland, Wales, Northern Ireland and other Atlantic/Mediterranean European countries, which given the ever growing number of EU nations seeking bailouts, canʼt be ignored any longer. There are those whoʼve questioned why the cultural heritage of Ireland for example, is of such importance to someone who is a 4th generation Irish-American. The bigger question is why those whoʼve been ʻchargedʼ with protecting the cultural heritage of a nation; the archaeologists, politicians, government agencies, EU and UNESCO, have turned a blind eye to the issue.