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.