Greece Throws in the Towel, Bows to German Jackboot

  •   The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Patrick Cockburn
Counterpunch
February 20, 2012

Greeks expect to agree a deal with the Eurozone leaders today, Monday, that will cede much of their country’s independence. 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.

In return for €230bn, made up of €130bn in fresh loans and €100bn in write-downs on privately held Greek government bonds, Greece is relieved from its immediate debt burden. But the money does not go to the Greek government, still less to the Greek people. It simply leaves them to live off the money they earn.

For all the television pictures of rioting protesters, clouds of tear gas and burning buildings in central Athens over the last week, a striking feature of the political landscape is the lack of resistance to the German terms. The Greek political elite sound and look stunned, grudgingly surrendering to the demands of the Troika (EU, IMF and European Central Bank), but bereft of ideas about what else to do.

Read more

This article was posted: Monday, February 20, 2012 at 12:04 pm







Infowars.com Videos:

Comment on this article

Comments are closed.


Watch the News

FEATURED VIDEOS
Feds Desperate to Hide Harry Reid Link to Bundy Land Grab See the rest on the Alex Jones YouTube channel.

Communist Manifesto: A Graduated Income Tax See the rest on the Alex Jones YouTube channel.

© 2013 Infowars.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.