Greece: A Debt Colony, Shackled to Its Lenders
►http://www.globalpolicy.org/component/content/article/172-general/52160-greece-a-debt-colony-shackled-to-its-lenders-.html
Greece is set to comply with another austerity measure dictated by the eurozone members, this time lowering its debt in return for bailout funds. The Greek Prime Minister Antonis Samaras described this as a “landmark for the country’s rebirth" although similar measures have recently been imposed undemocratically by bypassing parliamentary control. In a country where about 30 percent of the population now lives below poverty, “austerity is shredding the social fabric.”According to Matthaios Tsimitakis, Greece has become a “debt colony” and these “calls for ‘national unity’ are nothing but dust in the eyes of a dazed and confused people.” This ultimately raises concern about the capacity of supra-national bodies like the European Union to genuinely address the national struggles of their members.
Matthaios Tsimitakis
Al Jazeera
December 19, 2012