GREECE: The Austerity “Cure” is a Humanitarian Catastrophe

5:56 am in Uncategorized by GREYDOG

By greydogg and SnakeArbusto, 99GetSmart

StopCartel TV broadcasts live from Athens, Greece on Monday and Thursday @ 6 pm Athens time. The following post is a loose transcript of the 26 November 2012 broadcast.

An 'Austerity Ahead' road sign

The crisis of austerity continues in Greece.

- From Brussels:

The IMF wants Eurozone finance ministers to agree to a cut in Greece’s debt by €40 billion, but German Finance Minister Wolfgang Schaeuble remains opposed to further cuts to the country’s ‘debts.’

After months of political theater, a green light is expected for the next dose of money to recapitalize the Greek banks. The funds will be swallowed up by the black hole of the Greek banks – aiding a clear and continuous theft of public funds.

The Troika’s manufactured economic crises and its prescribed ‘cure’ of austerity have plunged Greek society into a humanitarian catastrophe. The so-called third Memorandum (M3) demands further austerity measures and the mass privatization of public assets, forcing Greek citizens into an unsustainable position of paying the odious debt of the banks with their lives.

——————

Predictions and polls:

Read the rest of this entry →