By John Pilger | CounterPunch | July 13, 2015 An 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 […]
By Finian Cunningham – Sputnik – 09.07.2015 When Greece resoundingly rejected economic austerity last week, Prime Minister Alexis Tsipras and his government were given a wealth of political capital. For the second time, including the election of Tsipras’ Syriza party six months ago, the Greek people spoke out democratically – unequivocally and irrefutably – no more austerity […]
Former Greek finance minister Yanis Varoufakis offers a clear explanation of what the euro-elites have been really up to in enforcing endless austerity on Greece.
Thomas Piketty, author of Capital in the Twenty-First Century (source)by Gaius PubliusThis is yet another piece about Greece, much shorter, but long on irony served cold.
Banks create money when they make loans. Greece could restore the liquidity desperately needed by its banks and its economy by nationalizing the banks and issuing digital loans backed by government guarantees to its ailing businesses. Greece could provide an inspiring model of sustainable prosperity for the world. But it is being strangled by a hegemonic power in a financial war that is being waged against us all.
European Commission President Jean-Claude Juncker threatened to expel Greece from Europe, despite no law permitting this to occur. Let us see now whether he still tries to carry out his bluff, which has been echoed by right-wing leaders throughout Europe. His retaliatory actions from an ostensibly non-political, non-elected office are not alone. The eurozone class war in support of finance against labor and industry is now open and in earnest.
The post Why No Means Yes appeared first on BSNEWS.
Neoliberalism, the privatization and commoditization of everything that moves, has experienced a great run over the past three decades, jump-started in the 1980s by PM Thatcher and President Reagan, christened in 1951 by Milton Friedman.
I’m no economist but I have been wondering how Syriza plans to bypass German-imposed austerity as long as it sticks with the euro. Depressed economies recover by devaluing their currency so that they can become more competitive. But Greece is currently tied to the euro, which means it cannot devalue and must continue to compete, despite its deathbed economy, against far larger and stronger economies like Germany’s.
“They just wanted to take a bat to them,” said former U.S. Treasury Secretary Timothy Geithner, referring to the attitude of European leaders towards debt-laden Greece in February of 2010, three months before the country’s first bailout. Mr. Geithner, Treasury Secretary from 2009 until 2013, was attending a meeting of the finance ministers and central bankers of the Group of Seven (G7) nations: the United States, Japan, Germany, France, Britain, Italy and Canada.
Bill Clinton and Paul Ryan agreeing that the privatizing Ryan budget is the way to go. Neo-liberalism in action, but you have to look behind the curtain to see it.by Gaius PubliusI recently did a piece about Greece that implied a number of similarities to Ukraine's recent upheavals. There I said:
