The Slog
Twelve years of hard times…to get precisely nowhere
The Government of Antonis Samaras has signed up to a debt bailout plan that ensures it will have a bigger debt in 2022 than it had in 2009. This process has already cost the country billions, and is set to cost it even more – not to mention the socio-political cost of acute shortages, loss of services, unemployment, and the rise of extreme Parties. In this special essay, The Slog lays out the full hypocrisy of this futile attempt by the EU’s leaders to keep the single currency afloat.
The devious practices involved in saving the euro by raping Greece become ever-more complex and Machiavellian. The International Monetary Fund said yesterday that it would not disburse funds in the proposed EU-IMF package for Greece unless the eurozone delivers on a bond “buy-back” scheme, which is deemed ‘crucial for restoring long-term viability in the country’.
The precedent being sought by the IMF/Washington is that the eurozone members will step up to the plate bigtime, and European Central Bank will become the de facto sovereign for all practical purposes. This has been coming for a while now, but the proposition that Greece is ‘viable’ without massive debt forgiveness is a cynical sham.
