Greece to EU: Drop Dead

[freedom fighter jh]

Sixty percent of Greek voters rejected the financial bailout proposal offered by the European Union (EU) in Sunday's referendum. The EU-IMF proposal relied heavily on austerity, which would have taken current financial hardships to nightmarish proportions for the vast majority of Greeks.

As it's used in international finance, austerity is best understood as Robin Hood in reverse. The big banks and their stooges in government make bad deals all over the world to finance national (sovereign) debt, the deals fall apart, and then the banks insist that citizens of the debtor nation pay back the loans by sacrificing social services, public works, retirement programs, etc.

It doesn't matter that the government leaders making the deals knew the loans were dead on arrival.

It doesn't matter that the people expected to pay off the loan knew nothing, not one single thing, about the details of the loans and never, not once, provided their consent.

The only thing that matters is the payoff for the big banks and their political front men and women.

More: http://www.opednews.com/articles/Greece-to-EU--Drop-Dead-by-Michael-Collins-Alexis-Tsipris_European-Union-Tyranny_Greece_International-Monetary-Fund--IMF-150706-702.html

[RobertEarl]

1. It is like this

bush borrowed more money than the law allows and if we were Greece we'd be broke because we can't pay back all the loans bush took out in our name.

But we have this big military.........

[burfman]

2. dang if some of those lines don't remind me of the housing crisis here.....

I can look at these lines and it sounds just like the housing crisis here a few years back.......

It doesn't matter that the government leaders making the deals knew the loans were dead on arrival.

It doesn't matter that the people expected to pay off the loan knew nothing, not one single thing, about the details of the loans and never, not once, provided their consent.

The only thing that matters is the payoff for the big banks and their political front men and women.


As bad as it's been for us (ie. the 99%), it's a really good thing that 'austerity' didn't get much traction here.....

So score one for us.......

Burfman