With less than a month to go until default – Euro zone finance ministers signed off on another bailout for Greece today. But no one is cheering – as this latest injection of money into the austerity-ravaged nation isn’t likely to go very far either. The bailout will keep a Greek default at bay for at least a few more months while Europe struggles to find a solution to the ongoing debt crisis.
In the meantime – Greece is giving up its sovereignty handing banksters unprecedented control over budgetary decisions – and putting the Greek people through immense pain with lay-offs, spending cuts, and the winding down of public services. And with elections coming up in Greece in April – and far-right and far-left political parties showing substantial gains at the polls – this crisis could get a lot worse.
Not to mention – other European nations like Italy, Spain, France, and the U.K. - are pursuing their own anti-growth austerity agendas, which will only worsen the economic situation on the continent. The bankster plan to bulldoze the European economy and snatch up chunks of the commons at a fire sale price is working flawlessly.