The citizens of Greece are the first people in Europe this century to come together in solidarity and face down their own Government. They believe their political class have surrendered the rights of a democratic people to the bondholders, banks and hedge funds who are demanding the impoverishment of their nation to pay for the ever-ballooning profits of the global financial sector.
The people of Europe are about to be hit by the second heist in two years – where their long-fought for welfare systems and egalitarian societies are reduced to feudal penury by the machinations of bankers, financial hucksters and politicians.
Not many commentators in the mass media mention that ;
”First, it takes two sides to create a bond crisis. For every reckless borrower there is a reckless lender. The Greek government might have lied about its budget deficit and been needlessly extravagant during the boom years. But nobody was forced to lend the Greek government any money. Investors should have asked themselves where the money was going, and how sustainable Greek economic growth would be. They didn’t. Instead they just saw that yields were higher than on German or French debt, and jumped onto what looked like a gravy train.”
The drama is being played out in the streets and town squares of Greece; the Parliament is virtually under siege, and the crowds who represent the whole spectrum of Greek society and political belief, are united in their ambition to depose the ruling class and disrupt the well-laid plans of the financial oligarchy to ‘privatise’ Europe.
The protests have been met by a police force amply equipped with tear gas, batons and equipment – and we’re sure that NATO will not allow them to run out . . .
However, inspired in part by the Egyptian and Tunisian revolts, in which massive and diverse crowds took over their own locale ; the Greeks and the Spanish are now occupying town squares and plazas across their respective countries.
The logistics of this popular strategy can be found here on the Occupied London site.
It will be interesting to see how the refusal of the population to play the bankers’ game will play out across Europe. It’s rumoured that the latest wave of Greek protests started after the Spanish demonstrations in their provincial town squares against similar ‘austerity measures’ featured banners asking ‘Where are the Greeks ?’
It is becoming clear that the Greek Government – nominally a social democrat administration – which is tasked by the IMF with introducing ‘austerity measures’ to pay for the bad management and profligacy of the banks, will have to enforce them against the will of the people.
Pensions have been halved, welfare slashed and State assets are being lined up for a firesale to the financial elite that has already profitted from the impoverishment of Europe’s economy through ‘outsourcing’ and ‘globalisation.’
Now the bankers, economists and politicians have been popping up on every media outlet decrying the fact that a modern democratic people have looked at the choices they are being offered by the ruling oligarchy and decided that they will be quite happy to see their country default on the ‘loans’ from the ‘bondholders’.