The slow-motion car crash that is the ongoing Eurozone crisis has hit yet another seizure point. The previous weekend’s French and Greek elections, Sunday’s German election in Nordrhein-Westfalen and the threat of a second Greek election next month, has raised the Eurozone stress levels back to panic levels. Hanging over the whole situation is the spectre of a death foretold - a funeral for the vision of the Euro as the party that no-one ever leaves.

SOPA & ACTA are the latest attempts by traditional capitalism to reverse a transformation in the exchange of goods that has been escalating over the last couple of decades. In a widely discussed interview in 2005, Bill Gates called the free culture/open source movement "new modern-day sort of communists who want to get rid of the incentive for musicians and movie-makers and software makers under various guises." This outraged many in the movement who were more inclined to identify with the Ayn Randite ultra-free market right than the traditional left, but in fact he had a point. Many failed to see it because 'communism' for almost everyone has come to mean something like the old Soviet Union. But the word means a lot more than that failed top down experiment. Why was Gates right and why is this to be welcomed?

Pic: Act Up-Paris and La Quadrature's ACTAivists in Luzern, in front of the negotiation site.

Irish opposition politicians have called foul over Taoiseach Enda Kenny’s statement at Davos that the blame for the crisis in Ireland is that “people went mad borrowing” a month after he told the Irish people that “you are not to blame” in a national broadcast. But their are far more interesting issues that explain why the same man can make both statements without being aware of a contradiction than simple two-facedness.

Here we are at the end of the Summer and it’s time for the politicians and bureaucrats of the Eurozone to come back to the office and take a look at what’s lurking in their in-trays. By the same token, it’s also time for all of us interested in fighting back against a Europe of Austerity, to take stock of the lie of the land.

The big bad ECB wolf is a-huffing and a-puffing but the first of the three little pigs is showing no signs of surrendering just yet. And behind the spectacle of the Greek populace standing up against its government and the core EU powers, lurks a recent historical shadow - a spectre is haunting Europe, the spectre of Yugoslavia.

Today Greece is the target of pressure and brinkmanship by the European Central Bank and the International Monetary Fund who are holding back the next installment in the so-called "bailout" agreed last year. The payment of €12 billion was originally scheduled for this month and without it Greece will default on repaying its existing bonds due for redemption on Jul 15.