Greek bailout drama 'in last throes' but the hardship is not over yet
Final €15bn loan brings new era, says Tsipras, though IMF views GDP growth forecasts as ‘very ambitious’
After nearly nine crisis-filled years, relentless austerity and four governments, Greece will next week exit its third bailout programme – in contrast to the economic crisis enveloping Turkey.
On 20 August, at midnight, Athens will reclaim its sovereignty in what the prime minister, Alexis Tsipras, has called a transcendent moment for the debt-stricken nation.
“Greece has managed to stand on her feet again,” his office said last week describing receipt of a final as the “last act in the drama. Now a new page of progress, justice and growth can be turned”.
Athens’ battle to keep bankruptcy at bay took Europe into unchartered waters. From the beginning, the crisis not only exposed the rot in Greece but the flaws in the EU’s incomplete architecture. Under threat of seeing the bloc torn apart and the common currency broken up, Brussels was forced to devise a new tool kit to deal with what soon developed into a profound existential crisis.
https://www.theguardian.com/world/2018/aug/12/greece-bailout-drama-curtain-falls-hardship-over
I have two items that explain how this country got fucked, right along with Spain, and other European countries and how this country is being ratfucked just type in :
Matt Taibbis' .............Vampire Squid................
Robert Kutter.................Can Democracy Survive Globalization?
