How much worse will the Greek Economic Crisis become?

3 posts / 0 new

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.

Thom Hartmann Administrator's picture
Thom Hartmann A...
Joined:
Dec. 29, 2009 10:59 am

Comments

Greece has family values and communities that have seen worse than economic collapse. My money, oh sorry, my personal credit, is on these people going Iceland. Let the banksters twist slowly in the wind.

DRC's picture
DRC
Joined:
Jul. 31, 2007 4:01 pm

you sure ask a lot of questions for a guy from Michigan.

harry ashburn
Joined:
Jul. 31, 2007 4:01 pm

Latest Headlines

Who rejected United States-North Korea peace talks?

There were conflicting reports on Sunday regarding a recent proposal for United States-North Korea peace talks which was allegedly made before North Korea"s recent nuclear test

U.K. Pound Falls As Markets Get Brexit Jitters

Bloomberg said on Monday the pound had sustained its biggest fall against the dollar in 11 months

Clinton: I'll defend Israel but push for 'two-state solution

Hillary Clinton believes both Republican candidates Donald Trump and Ted Cruz "missed the mark" with their approach to the Israel-Palestinian Arab conflict

Secretary John Kerry Makes History At The UN

While much of the mainstream media was focused on 2016 election cycle, Secretary of State John Kerry was making history with his granddaughter at the United Nations. Last week, Secretary Kerry joined a gathering of the majority of the world's nations and signed on to the historic Paris Climate Accord.

Powered by Pressflow, an open source content management system