Our ex and still floating over us Prim Minister keeps insisting that he has ?saved? Greece. A boast repeated at nauseum and usually every time things get worse, and then a lot worse after that and so on. However, if we have been “saved” at all so far, it has been at the cost of our economy. The IMF EU rescue package was only given at the cost of extremely harsh austerity measures. Salaries, wages and pensions slashed, taxation raised to extortion levels, and if we don’t pay we shall have our electricity cut off. And many people don’t have the money to pay at all and will certainly go bust if this taxation keeps up. As if that were all not enough, our unemployment rate has risen to something like 17% and is rising. We have been pushed into a deep recession which is going to continue. People are literally going hungry. There have been cases of kids fainting in schools and people have been organizing soup kitchens. Furthermore all that this is expected to accomplish is that by 2020 we might just get back to conditions of 2009 which were the abysmal conditions that pushed us into this mess in the first place. I.e. we will still go bust in the end. So, the new bail out is to be given in exchange for a continuation of this policy with even harsher terms and also a group of Europeans coming in to run the country, sort of like colonial governors who know best and sneer at the primitive natives. So is it surprising the Greek population is lacking enthusiasm for this nice little plan? But this is in fact the policy the Germans have been imposing over the whole of Europe, in a sort of nanny knows best way. Austerity to death! And in fact they have pushed Europe into stagnation with recession just round the corner if not already here for the EU as a whole.
By cutting back budgets destroying health services halving pensions etc, they expect to save money to pay the banks. OK. However, if you ruin your economies, I.e. stop producing and earning as much, you’ll never pay back the banks whatever you do, and then where will the precious banks be? Going bust like the rest of us among the ashes and runs of what once used to be the European Union. That is what appears to evade them. Mind you Cameron is just as nuts but I have seen articles in the Guardian demanding a change of policy!