by DAVID BROWN | CLEARNFO.com | July 3, 2015
Acropolis, Euro, Greece, Grexit
Good article below from ‘naked capitalism‘ … and don’t forget to read the excellent comments below the article to get a real sense of the Greek Tragedy unfolding now in Greece. All their options are very bad. Sounds like the SOP (standard operating procedures) of the ‘Economic Hit Men‘ normally reserved for 3rd World Nations as implemented by the likes of the IMF and USAID; though in this case it is the Troika (International Monetary Fund, European Union and the European Central Bank). This gives one a real sense of the absolute power of the money masters. Many implications here: 1) What will the Greek crisis mean to the other EU members, esp. Portugal, Ireland, Italy, France and Spain and the EU as a viable entity? 2) Is this a beta test for when they do Italy and France and others? 4) What will this mean to the average Greek citizen? 3) Will Greece be forced to sell their islands and other valuable resources at a bargain to the banksters to satisfy their debt? This SOP is known as Asset Stripping by the economic hit men who do this for a living. 4) Who will be next after Greece? 5) Will the same strategy be used against the USA when the time comes to pay the piper? 6) What will the Greek military (who are well armed) do?, 7) Would the Iceland option work for Greece? etc. etc.
Tsipras Accepts Most Creditor Terms as Merkel Insists on Referendum
Posted on July 1, 2015 by Yves Smith
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