The Greeks votedno to the European Union's terms, despite warnings from the EU that rejecting new austerity terms would set their country on a path out of the Eurozone. 62% voted "No" while 38% voted "Yes".
Its all good to talk of contracts and bailouts, and technical details of the mountains of paper constructing the EU. But at the end of the day, Greece has a balance of payments problem, and NOTHING other than selling off antiquities gets past that. Is that what the EU really wants?
It is not what the EU wants, it is what the banks and other moneyed interests want. Whenever you hear the term "austerity" in regards to government, behind it is an attempt to transfer public assets into private hands.
(Score: 3, Insightful) by Joe Desertrat on Tuesday July 07 2015, @02:10AM
Its all good to talk of contracts and bailouts, and technical details of the mountains of paper constructing the EU. But at the end of the day, Greece has a balance of payments problem, and NOTHING other than selling off antiquities gets past that. Is that what the EU really wants?
It is not what the EU wants, it is what the banks and other moneyed interests want. Whenever you hear the term "austerity" in regards to government, behind it is an attempt to transfer public assets into private hands.