WEISBROT: Well, the U.S. government, the Obama administration, its main concern is really they don’t want to see Greece leave the Eurozone. And they’re looking at it kind of from an empire point of view, that if Greece leaves the Eurozone the Eurozone could be weaker, it could disintegrate. The whole process could weaken European unity. In worst-case scenarios Greece could leave NATO, Greece could end up borrowing from Russia. So these are the way, this is the way it’s looking at it.
That puts them a little differently from Europe. Europe is a little more divided. They don’t want Greece to leave the Eurozone either. They want to get—their strategy is really to get rid of the current Greek government, the Syriza government, and force them out. And the U.S. is okay with that, but they were more worried about them forcing them possibly out of the Eurozone altogether.
One place where this shows up is through the IMF, because the U.S. dominates the IMF. Now, they don’t usually use all their muscle at the IMF to go against Europe. They would normally let the Europeans decide what happens in Europe. But in this case there was a board meeting before the referendum in Greece on July 5 where the U.S. got the IMF [board] against the wishes of Germany especially, to release a study that the IMF had done showing that Greece’s debt was not sustainable, that there had to be debt relief. And that really angered the Germans and their allies, because this kind of helped Syriza in their referendum on July 5 because Syriza, the government which was pushing for a no vote to reject the last offer that the European authorities had given them, the government was able to cite that study and say look, we need debt relief. This is an unsustainable debt, vote no. And so that was a real point of friction between the U.S. and Germany, and there’s a case where the U.S. used its muscle in the IMF to get that report released before the referendum, and it could have had an influence.
Now, the problem is that this doesn’t really do Greece or the world any good because it’s nice that they want debt relief. But the IMF is still signed on to a program in Greece that will not allow the economy to recover, and the debt relief isn’t going to help that at all.
[...]
So it’s really about power, and using that power, on behalf of the European authorities using that power to change Greece and change Europe into societies that have a smaller social safety net, reduced pensions, healthcare spending, weaker labor movements, more inequality. More like the United States, actually. That’s the kind of transformation they were trying to make in Europe. And they’ve been using the debt crisis and associated vulnerabilities of the more vulnerable European countries to force those changes there. Not only Greece but Portugal, Spain, Ireland, Italy, and even in the whole Eurozone as a whole, that is their vision. That’s what they are trying to do.