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Hair of the dog that bit you

23 June 2011

“The bankers caused the disease: let them take the medicine.” So read an English poster held up by one of the demonstrators in recent Greek protests over the austerity measures that the bankers’ lackeys international community are seeking to impose on Greece.

The ostensible purpose of the “lifeline” that is being offered to “debt-mired” Greece it to get it out of debt. Greek debt crisis: eurozone ministers delay decision on €12bn lifeline | Business | The Guardian:

Eurozone governments have postponed a final decision on whether to throw debt-mired Greece a summer lifeline, saying Athens must force through harsh austerity measures before they will release €12bn of funds to keep the country’s economy afloat and avert an international crisis.

But the real purpose is exactly the opposite. The purpose is to stop Greece spending money on life and health and peace, and get it to spend money on death and war. The aim is not to reduce Greece’s debt, but to increase it. Democracy vs Mythology: The Battle in Syntagma Square | sturdyblog:

The first bail-out was designed to help Greek people, but unfortunately failed. It was not. The first bail-out was designed to stabilise and buy time for the Eurozone. It was designed to avoid another Lehman-Bros-type market shock, at a time when financial institutions were too weak to withstand it. In the words of BBC economist Stephanie Flanders: “Put it another way: Greece looks less able to repay than it did a year ago – while the system as a whole looks in better shape to withstand a default… From their perspective, buying time has worked for the eurozone. It just hasn’t been working out so well for Greece.” If the bail-out were designed to help Greece get out of debt, then France and Germany would not have insisted on future multi-billion military contracts. As Daniel Cohn-Bendit, the MEP and leader of the Green group in the European Parliament, explained: “In the past three months we have forced Greece to confirm several billion dollars in arms contracts. French frigates that the Greeks will have to buy for 2.5 billion euros. Helicopters, planes, German submarines.”

The South African arms deal scandal has been going on for 16 years or more, but the Greek one outclasses it in every way.

2 Comments leave one →
  1. 27 June 2011 5:21 am

    Great post! I had no idea you had a second post on WordPress. I wonder how it happened that it took me so long to catch on to the existence of the second blog.

    • 27 June 2011 6:24 am

      And I didn’t realise you had switched to WordPress! I must switch my blogroll so that your new posts show up.

      I started this WordPress blog when blogger became unreliable about 4-5 years ago, but kept it even when blogger was fixed, since both platforms have strong points and weak points, and so I use both, depending on which platform works best for what I want to post.

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