Greece in the grip of the EU
►http://www.wsws.org/articles/2012/nov2012/pers-n22.shtml
22 November 2012
On Tuesday, EU finance ministers again delayed payment of the next tranche of financial aid to Greece, which is due since this summer. The decision is now supposed to be reached next Monday.
The delay is a result of serious differences between the major powers involved, including the European governments and the International Monetary Fund. In particular, the German government is refusing to agree to a relaxation of harsh loan conditions. Although Greece has now imposed five rounds of austerity measures, resulting in budget surpluses, overall debt continues to rise since gigantic sums are flowing to the creditors.