"To me, Greece is a crime scene," said Palast. "Greece is dying, and austerity is one of the things that killed it." He rebuked the recent proclamations made by Greek and EU officials deeming Greece an economic "success story," describing them as "nonsense."
"Austerity has destroyed Greece and the euro has destroyed Greece," said Palast. "Austerity in the middle of a recession is a death sentence."
One of the hallmarks of austerity programs is privatization. Palast, who has investigated the impact of privatization programs in Latin America, drew parallels between those countries' experiences and the demands now being imposed on Greece.
"You see the kind of brutal practices which were first tested on Argentina, Ecuador and Brazil brought to Greece with more severe consequences," said Palast. "You get ripped off. You still need water, you still need electricity. You privatize these things, you're still going to have to buy water and electricity, but now you'll pay a fortune to German and American and Canadian companies."