Thursday, February 16, 2012

Nemesis upon Greece

Shame on Europe for betraying Greece

Capitalism is triumphant as EU states sacrifice the Greek people in a desperate attempt to appease the gods of speculation by
The behaviour of the EU states towards Greece is inexplicable in the terms in which the EU defines itself. It is, first and foremost, a failure of solidarity.
The "austerity package", as the newspapers like to call it, seeks to impose on Greece terms that no people can accept. Even now theschools are running out of books. There were 40% cuts in the public health budget in 2010 – I can't find the present figure. Greece's EU "partners" are demanding a 32% cut in the minimum wage for those under 25, a 22% cut for the over 25s. Already unemployment for 15-24-year-olds is 48% – it will have risen considerably since then. Overall unemployment has increased to over 20%. The sacking of public sector workers will add to it. The recession predicted to follow the imposition of the package will cause unbearable levels of unemployment at every level.
In addition the "package" demands cuts to pensions and public service pay, wholesale privatisation of state assets – a fire-sale, since the global market is close to rock bottom – and cuts to public services including health, social welfare and education. The whole to be supervised by people other than the Greeks. An entire disciplinary and punishment system.
Comment: Greece was invited to join the EU and later the euro based on the myth that the Greece of today is the modern version of ancient Greece. Both sides have committed a costly error.

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