The Real News has the article, The Euro Crisis in 7 Simple Charts: They’re telling you a real pack of lies. No the charts aren’t telling you a pack of lies. The charts are uncovering the lies you have been told.
The crisis of the euro currency zone is an excellent example of how flagrant lies can successfully be converted into accepted wisdom. Almost every generalization about the crisis found in the mainstream media is false. As a result, the mainstream punditries on the crisis are ideological polemics masquerading as analysis. Further, often progressive critiques of the reactionary “austerity” policies by the euro zone governments accepts the mainstream faux-facts about the crisis, fuelling the There-Is-No-Alternative (TINA) syndrome.
These charts provide the support numbers for exactly what Dr. Heiner Flassbeck was describing in the videos posted in my previous post Eurocrisis: “Democracy is Not a Given”.