Prime Minister Alexis Tsipras has pushed through parliament a proposal to cut at least 13 billion euros from the public purse - 4 billion euros more than the "austerity" figure rejected overwhelmingly by the majority of the Greek population in a referendum on 5 July.
The post The problem of Greece is not only a tragedy. It is a lie. appeared first on BSNEWS.
In the early hours of Thursday morning, July 16, the Greek Parliament passed a host of austerity measures in order to begin talks on a potential third bailout of 86 billion euros. The austerity measures were pushed onto the Parliament by Greece’s six-month-old leftist government of Syriza, elected in late January with a single mandate to oppose austerity.
The crushing Greek debt could be canceled the way it was made – by sleight of hand. But saving the Greek people and their economy is evidently not in the game plan of the Eurocrats.
RT | July 15, 2015 European creditors should either write down a massive amount of Athens’ debt or give Greece a 30-year grace period if they want it to recover and repay, according to a Reuters’ report citing International Monetary Fund (IMF) officials and a secret study. Taking into account Greece’s growing financial needs, its […]
By Binoy Kampmark | CounterPunch | July 14, 2015 “This has nothing to do with economics. It has nothing to do with putting Greece back on the rails towards recovery.” — Yanis Varoufakis, Jul 13, 2015 Alexis Tsipras, along with his crew of negotiators, had done much with little. His Syriza government had been fighting […]
Yanis Varoufakis, the former Greek finance minister, in an article in the Guardian entitled “Germany won’t spare Greek pain – it has an interest in breaking us”, frames the Greek tragedy in clear terms thus:
By Marshall Auerback and Randall Wray | Roosevelt Institute | May 2011 In recent weeks, there has been much discussion about what to do about Greece. These questions become all the more relevant as the country attempts to float a multibillion-euro bond issue later this week. The Financial Times has called this fund-raising a critical […]
A historic betrayal has consumed Greece. Having set aside the mandate of the Greek electorate, the Syriza government has willfully ignored last week’s landslide “No” vote and secretly agreed a raft of repressive, impoverishing measures in return for a “bailout” that means sinister foreign control and a warning to the world.
"America" from West Side Story. According to YouTube, this appears to be from one of the more recent Broadway Broadway performances. (Full movie scene at the end of this piece.)by Gaius PubliusBecause of the coverage of Greece and its debt problems, I've been fielding a lot of questions about Puerto Rico and its debt problems as well. Puerto Rico's problems aren't the same as the Greeks' though; similar, but not matching. For one thing, Puerto Rico is a territory of the U.S. and subject to some unique-to-itself U.S. laws.
