And what's he got to smile about?
Eurozone finance ministers have finally approved the terms of a second rescue package for Greece worth €130bn (£108bn), which should avert the risk of a Greek default next month.
UK Guardian
”Rescue.” That's funny. Actually, a bunch of German bankers slipped in during the night and they pretty much now own Greece.
Jean-Claude Juncker, who chairs the eurogroup of eurozone finance ministers, called a press conference at around 4.20am GMT in Brussels to announce the deal.
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Under the agreement, Greece's private creditors have agreed to take deeper losses on their Greek debts […] to 53.5% of the nominal value of their bonds, up from their previous maximum of 50%.
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[T]he package is dependent on Greece implementing further austerity measures, whose unpopularity is underlined by the painful negotations between Papademos's coalition government in the days leading up to the crisis, and the regular protests on the streets of Athens.
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EC commissioner Olli Rehn told the press conference in Brussels the deal included "strengthened monitoring" of Greece's compliance.
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The KKE communist party called on people across Europe to join Greeks in their battle against "monopolies and profits".
Yeah, good luck with that.
Greece will become an economic – and to a large extent a political – colony of Germany and its allies. Berlin will have a say in everything from the choice of prime minister to the types of medicines dispensed by pharmacies.
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[The] minimum wage is to be reduced by 22 per cent to €522 a month as part of the latest austerity round.
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There will be widespread privatizations; cuts in social security, pensions and state health provision; and wholesale deregulation.
Counterpunch
...but hey, do what you want...you will anyway.
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