Global Economic Agenda Hits a Roadblock in Greece

[marmar]

from the Progressive:



Global Economic Agenda Hits a Roadblock in Greece
By Amitabh Pal, June 16, 2011


The global austerity agenda is encountering a hurdle in Greece: The Greek people aren’t prepared to put up with forced deprivation.

In order to have loans to foreign creditors made good, international institutions, led by the European Union, are demanding ever-harsher assaults on Greek society. But the Greek people have fought back, protesting in huge numbers and causing the near collapse of the Greek government, which has been too willing to go along with creditors’ demands.

These are not just “the usual people that have been participating until now; they are people that have never been in the streets before,” Hara Kouki, a Greek doctoral student, told Amy Goodman. “For the last three weeks, we have had half a million people gathered in the square.”

Certainly, the Greek economy has a lot of structural problems that have caused things to come to this juncture. But the dark side of globalization has added to the country’s woes. The New York Times revealed last year that Goldman Sachs colluded with the Greek government to hide the size of Greece’s debt burden. .............(more)

The complete piece is at: http://www.progressive.org/ap061611.html

[ixion]

1. Goldman Sachs is a destructive force

and if there were any justice in the world, every last GS exec would be behind bars.

[girl gone mad]

2. k & r