Global: European markets plummet on fears of a new banking crisis

This article on the World Socialist website argues that the handling of the Eurozone financial crisis points to a policy of 'pushing Greece over the edge, with devastating consequences for the Greek working class, while allocating hundreds of billions more in public funds to cover the potential losses of banks across Europe - a new bailout that will inevitably be paid for at the expense of the jobs, wages and social conditions of workers in every European country. These attacks will set a new benchmark for attacks on the working class in the US and internationally.'