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Trojan Hearse: Greek Elections and the Euro Leper Colony
by Greg Palast / January 20th, 2015
....The problem is austerity run wild is merely a symptom of an illness. The underlying disease is the euro itself.
For the last five years, Greeks have been told that, if you cure your diseasethat is, if you dump the eurothe sky will fall. I guess you havent noticed, the sky has fallen already. With unemployment at 25%, with Greek doctors and teachers eating out of garbage cans, there is no further to fall.
For the last five years, Greeks have been told that, if you cure your diseasethat is, if you dump the eurothe sky will fall. I guess you havent noticed, the sky has fallen already. With unemployment at 25%, with Greek doctors and teachers eating out of garbage cans, there is no further to fall.
Can Greece survive without the euro? Greece is already dead, but the Germans wont even bother to bury the corpse. Greeks are told that if they leave the euro and renounce its debts, the nation will not be able to access world capital markets. The reality is, Greece cant access world markets now: no one lends to a corpse.
Greece, to survive in a euro economy, can only revive employment by reducing wages. Indeed, the recent tiny reduction in unemployment is the sign that Greeks are slowly accepting a permanent future of low wages serving piña coladas to Germans on holiday cruises.
Full article: http://dissidentvoice.org/2015/01/trojan-hearse-greek-elections-and-the-euro-leper-colony/
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Trojan Hearse: Greek Elections and the Euro Leper Colony (Original Post)
polly7
Jan 2015
OP
Jake Stern
(3,145 posts)1. The PTB in Brussels are scared crapless
that Greece will drop the Euro and revive putting an end to the myth that the Euro is the only way for Europe.
bemildred
(90,061 posts)2. It is good to see that Palast is still around. nt
polly7
(20,582 posts)3. It is ....
I should have linked to his own site for the article (I was lazy): http://www.gregpalast.com/