Tuesday, August 6, 2013

Destroying Greece to Save It

Stephen Lendman
Activist Post

Troika scoundrels are looting Greece. They're destroying it. They're waging financial war. They partnered with corrupt Greek officials.

They're strip-mining Greece for profit. It's the epicenter of global pillage. Ordinary people have no say. They're victims of force-fed harshness.

The more Athens borrows, the greater its debt burden, the harder it is to get out from under. Greece is dying. It's practically a corpse already. Only its obituary remains to be written.

Official unemployment tops 27%. It's likely higher. Youth unemployment approaches 65%. An entire generation's lost. It's being systematically destroyed. It's dying on the alter of pay bankers first. Whatever they want they get.

Greece's New Democracy/PASOK coalition plans thousands more layoffs by yearend. On July 17, it enacted its seventh austerity package since 2010.

It calls for firing 15,000 state workers. About 25,000 will be gone by yearend. Up to 150,000 will be sacked by year end 2014.