The Neoliberal Rape of Greece.

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  • September 15, 2016 at 11:31 am #52997
    Billy_T
    Participant

    Excellent article from Jacobin, on the tragedy of the Greeks and their forced selloff of national assets.

    Greece: A Country for Sale Alexis Tsipras and his Syriza government have overseen privatizations at a scale unseen since German reunification. by Eleni Portaliou

    All kinds of key paragraphs here, and tragedies, outrages, economic atrocities described, etc. But this is a very good summary of what happened in general. The whole article is well worth reading:

    What is the connection between privatization and the public debt?

    In Europe, as in America, the real epicenter of the 2008–2010 crisis is the banking sector and in the public money lent to stave off its bankruptcy, leading countries like Greece into bankruptcy. Public debt is not the debt of societies. It is the debt of the global banking system, which collapsed because of the uncontrolled speculative movements of financial capital. The banking system has been supported with public money, keeping it alive during the crisis, and today it continues to operate exactly the same way that it did prior to the collapse.

    September 15, 2016 at 11:34 am #52998
    Billy_T
    Participant

    It’s important to note, as the author does, that most of the privatization goes against the Greek Constitution. As in, it’s illegal, but it’s still happening. With the blessing of the Troika.

    September 15, 2016 at 11:51 am #53000
    bnw
    Blocked

    Its the German banks forcing the pillaging of Greek public assets. All from loaning fiat currency. The ultimate financial scam. Some day the human race will recognize and stop that crime.

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