Up Front, for July 5, 2012 - 7:00am
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Europe's in a panic. The central banks' just lowered interest rates to record lows -- but that, plus a bank bailout, hasn't kept Spanish bond rates from pushing into the danger zone. Marxist Economist Richard Wolff discusses the roots of the crisis -- who's benefitted, and who's lost, from creating a monetary union in Europe. Plus: David Bacon returns to KPFA's airwaves, interviewing Philipino labor and political leader Daniel Edralin.