The most optimistic scenario shows that Greece would face an unsustainable debt in 2030 even if it agreed to the package of tax increases and spending cuts proposed by the European commission, the European Central Bank and the IMF in exchange for a five-month €15.5bn loan from its creditors.
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An indication of how this is to play out can be discerned from Monday’s judgment of the UK’s Investigatory Powers Tribunal (IPT), which found that Britain’s equivalent of the NSA, Government Communications Headquarters (GCHQ), had spied on a number of human rights groups around the world.
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Greece has a unique opportunity to exit the Eurozone gracefully, head high, telling the troika, especially the fratricidal Brussels gang, that honoring the election commitment to the Greek people is a priority – no more austerity, no more pension cuts, no more privatization of public services and public assets, no more closing of hospitals – for these honorable reasons Greece will exit the Eurozone – not surrender, never surrender. This is not surrender; this is a wise move that will lead Greece into a new and prosperous future.
What people forget is that those who've merely been charged with crimes aren't officially guilty yet. And not-yet-guilty people aren't supposed to go to the hole, except under very narrowly defined sets of circumstances – for flight risks or for threats to the community. It's certainly not supposed to be a punishment for not having $500.
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the Greek “sovereign debt crisis” is being used to create a precedent that will apply to every EU member government. The member states will cease to exist as sovereign states. Sovereignty will rest in the EU. The measures that Germany and France are supporting will in the end terminate their own sovereignty, very little of which actually remains as they do not have their own currency and their foreign policy is subservient to Washington.
The recognition was awarded during the 39th FAO (United Nations Food and Agriculture Organization) conference in Rome. It counts among its attendees representatives of 190 countries, including 130 ministers and 12 heads of state.
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Greece's former representative to the IMF, Panagiotis Roumeliotis, in front of the special parliamentary committee on the Greek debt, said that several Greek journalists were "trained" in Washington D.C. in order to support the positions of the IMF and the European Commission in Greek media.
The deal is that Greece gets new loans with which to repay existing loans in exchange for selling municipal water companies to private investors (water rates will go up on the Greek people), for selling the state lottery to private investors (Greek government revenues drop, thus making debt repayment more difficult), and for other such “privatizations” such as selling the protected Greek islands to real estate developers.
The “public” interest has been made synonymous with economic growth and international competitiveness. Police, surveillance and military budgets are, as Nina Power notes, being increased in order to defend the “public” from vague racist threats like ISIS and “terrorism,” but in fact these weapons will be wielded against those of us committed to causing “economic disruptions” to challenge the order of extractive austerity.
When they went on strike on March 28 this year, they rejected not only the company’s meager offer but also that of the two largest Spanish trade unions — the CC.OO and the UGT — which, as one striker put, “sold us” for a small rise on the previous drastic reductions and to put an end to the strike
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