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Greece Approves Dismissal of 30,000 State Staff
WITH GREEK government approval last night of the effective dismissal of thousands of civil servants by Christmas, Greece’s socialist Pasok government now faces the more difficult task of implementation in a deteriorating economic climate.
Students march during a protest against economic austerity and planned education reforms in Athens September 22, 2011. More austerity is now on the way, with up to 30,000 public employee jobs on the chopping block and higher taxes. Leftist parties have urged citizens not to pay the new taxes, to the point of organising the burning of tax demand forms on public squares. It is a message enthusiastically received in a country with up to one-quarter of households already struggling to pay monthly utility bills. (REUTERS/Yannis Behrakis) Under the so-called labor reserve plan, which George Papandreou’s cabinet passed last night, 30,000 public sector workers will be suspended from their duties on 60 per cent pay by the end of December. If, after a year, they fail to find another civil service position, they will be dismissed.
The cabinet also approved a draft budget for 2012 that will see additional cuts and tax-raising measures worth €6.6 billion.
After the meeting, the finance ministry confirmed that Greece will miss its 2011 and 2012 budget deficit targets set by the EU and the International Monetary Fund, with the deficit for this year expected to reach 8.5 per cent of gross domestic product, above the target of 7.8 per cent.
Visiting troika inspectors, who arrived back in Athens last week to assess whether the struggling country should be given its next, sixth bailout installment worth €8 billion, had insisted that the government agree to the redundancy plan and the draft 2012 budget.
The redundancy deal was hammered out after hours of negotiations on Saturday between troika officials and key government officials, which included the finance minister, Evangelos Venzielos.
In a newspaper interview published yesterday, Mr Venizelos claimed that payment of the sixth installment was now guaranteed.
“Since we take such difficult decisions and the Greek people make such great sacrifices, yes, the sixth installment is assured,” Mr Venizelos told To Vima, ahead of the cabinet meeting, adding he was prepared to do what it takes to save the country from default.
The government spokesman last night said that among the first batch of public servants – from ministries, local authorities and semi-state bodies – to be placed on the reserve would be 20,000 employees aged over 60 and within two years of receiving a full pension and a further 7,000 officials to come from the abolition or merger of about 150 state agencies.
With the troika calling for a radical downsizing of the public sector by 2015, the government spokesman added that more civil servants will be placed on the reserve in 2012 and 2013.
State workers are one-fifth of the Greek workforce and are guaranteed jobs for life under a constitution that bans firing government employees in virtually all circumstances. The government has said it will remove all legal obstacles to the labor reserve measure.
However, given an existing rule that allows the hiring of only one civil servant for every 10 retirements, those placed on the labor reserve will find it difficult to find a replacement position in the public service.
Understandably, resistance to the measure is intense from within the civil service. In September, the government ordered managers at 150 state agencies to turn in lists identifying which 10 per cent of employees should be placed on reserve.
Dozens of managers refused to comply with the directive, arguing that they had no personnel to spare or that they refused to shoulder the legal consequences of the labor reserve should it be declared illegal by the courts.
And with the economy in its third year of recession – it is contracting at a rate of 5.5 per cent, a trend set to continue into 2012 – and the second-highest unemployment rate in the EU, Greece’s trade unions argue that the labor reserve measure will lengthen the dole queues.
The country’s unions have called a general strike for Wednesday, the first since June. With taxpayers fuming over a host of recent tax hikes and levies, thousands are expected to join the massive street protest to voice their frustration at austerity.
Taxpayers are up in arms about a once-off solidarity tax, which, for example, costs a couple with two children earning €40,000 a year about €650, and a deeply unpopular blanket property tax, which will be collected via electricity bills. The government has said that those who fail to pay – pensioners and the recently unemployed will also be billed – will have their power cut off.
Leftist parties have urged citizens not to pay the new taxes, to the point of organising the burning of tax demand forms on public squares. It is a message enthusiastically received in a country with up to one-quarter of households already struggling to pay monthly utility bills.
But a former prime minister yesterday said that Greece was on the “borderline” and has little choice but to solider on with austerity, citing the “disastrous” consequences that any return to the drachma would involve.
In an article in yesterday’s Kathimerini , Costas Simitis, who as Pasok leader negotiated Greece’s entry into the euro, wrote that “Greece’s membership of the euro zone would be decided by 2014 at the latest . . . We must avoid an exit from the euro zone at all costs.” Mr Simitis said a return to the old currency would slash people’s savings.
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44 Comments so far
Show AllShock Doctrine by the book. Simple as that.
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Greece is no longer a sovereign nation. They are ruled from afar by the banking Troika.
The bad debts of the gamblers and speculators, pushed on to the public balance sheet, are now the chains used to enslave the Greek people.
None of the 8 billion Euro payment will find its way to the public. It's sent directly to the banksters who use it to pay off the bondholders at a non-negotiable 100 cents on the dollar.
The Greeks need to declare the current government invalid and hold new elections. They need to declare the debt burden placed on them as fraudulent and therefore null and void. Then they need to switch to an alternate currency such as silver.
It's amazing that a great deal of people in the world seem to think this is all just 'business as usual', that just a few things need to be done in order to 'fix things', to bring matters 'back to normal' and back into the fold, to the way how the world is supposed to run in their view.
Guess what?
It's not going to happen people.
The worlds entire economy has been falling apart for ages both from being corrupt, looted and as a consequence of it's very nature of capitalism and other aspects.
The system of continually supplying loans to pay off loans, that are for paying off the previous loans, to pay for the loans that were almost defaulted but were saved by even more loans to bail out those loans is simply just a fiasco to anyone with any common sense.
The continual ever increasing draconian 'austerity measures' conditions on these granted loans are just making ordinary people suffer greatly and actually pay for the very theft of their country's services, infrastructure and resources. It's quite literally war but using 'economics' to invade, conquer, and then occupy.
The logical end to this is completely obvious.
No loans will ever be repaid to the satisfaction of the lenders.
Power-shifts and the transfer of physical wealth (in the form of real resources and so on) will occur.
The country will literally be sold out for under them, or more correctly, sacrificed in order not to supposedly have defaulted on the most gracious of loans given.
Even the most optimistic end result would be a loan paid off (if that's even possible) and then having a country not actually owning any of it's own resources, infrastructure and services.
And if that was the result then the inhabitants of any such country would become virtual serfs, ordered by the government (oh how wise they are) to work so very, very hard, to make sacrifices so that they can pay off any outstanding loans and 'buy back' their country. It's the patriotic thing to do!
What a grand scam it all is.
And don't ordinary people know it.
It's only the 'wise' governments, the people in power, the wealthy, and those that stand to benefit that continually harp on about how all this is so absolutely necessary.
And so the people must suffer. Take away their money, their services, all the necessities of a normal life and all will be well.........just because the wise-ones promise it will be.
The dead economy of the world, the lumbering zombie that has been kept 'alive' and appearing to be walking by sacrificing so much to it hasn't been fed enough yet. Eventually though there'll come a point of collapse and I'm sure that's already been well planned for in advance by those 'run the long game'. They'll offer something amazing to 'help' the world, perhaps a 'world bank', a grand invention that will handle the planets entire monetary system. And in doing so they'll kick-start capitalism again but this time they'll be controlling all the monetary aspects and every benefit and controlling measures, not to mention it being completely self-regulated. (laughable)
No doubt there's also a plethora of people out there who seem to think there's other answers too.....'all we need to do is [insert their idea]' which is actually just everything that's been tried and done to death before and always leads to exactly the same situation the world is in now. Such people I'm sure secretly imagine would love to be held up on high shoulders and touted as being the economic saviour.
Face it, the monetary system is, and has always been the trouble. It's one of the things that's held mankind back, subjugated and enslaved it, ennobled fools and power mongers to lord it over people, make them suffer, dance and die to their whims and not only foster but also create a great deal of the social problems we've been saddled with for so long.
Any new vision of mankind that will succeed and thrive for the betterment of all needs to get rid of the monetary system to become a new paradigm.
check out:
http://www.thezeitgeistmovement.com/
and
www.thevenusproject.com
They have ideas and concepts of a new paradigm of human life that throws out all the crap that we currently exist in. It's a far better start and alternative than anything else which is around, many of which only want to continually either 'go back' to ages past in a vain grasp at regaining false nostalgic notions and values, or to try, try, again at restarting al the very things that have been done to death and have failed just so perhaps that 'this time!' it just might succeed......but we'd all end up here again or far, far worse.
Go off on your own journey of discovery and figure things out for yourselves and see what you can find will bring you and everyone on this planet the life that you actually want and deserve.
Many, many people have been conditioned to see alternatives to a better life and then suddenly shut their minds to any aspect of it. That has been the deliberate way of their lives for so very long and they have trite and often illogical/nonsensical/emotional answers to everything you offer them.
Things can change for the better.
You can choose it to happen.
Or you can choose to stay suffering as you are now or be worse.
The more the rich squeeze the poor, the more danger they put themselves in. The irony of it all is that they are just as much prisoners of this system as these marchers are--it is a global system now--and that they invented a system of borrowing and lending for which they cannot protect themselves against the blow back. They are trapped by their own greed. And people say there is no justice in this world.
Let's stand in solidarity with the Greeks, the Wall Street protesters and the worldwide victims of the neoliberal agenda. Get out in the streets wherever you are: www.occupytogether.org. GENERAL STRIKE!
A global strike is the only option when dealing with a (small) powerful group of individuals who want to rule the world and have every government in their back pocket.
Please answer this question for me -- to whom do the Greeks owe money? Exactly what persons or entities hold this debt? I would bet it comes down to a very small group of people who hold all the notes. What happens if they disappear?
The debts are owed to sovereign bond holders. These are primarily big European banks but also include banks across the globe. These debts originated from the losses of bankers/speculators/gamblers and were pushed on to the public balance sheet. Goldman Sach's helped the Papandreou government hide these debts from the Greek people using complex derivatives.
A default on the sovereign debt could trigger an untold number of unpayable swaps (fake insurance policies against losses). Who holds these swaps is unknown. This alone would almost certainly cause bank inter-lending to freeze and a massive run on the banks as people withdrew their money. This could trigger a crash that'd make Lehman look insignificant.
"This could trigger a crash that'd make Lehman look insignificant."
Which is why Germany and France are (quietly) losing their minds. Their national banks are the ones who will be most on the hook, followed by what's left of Goldman Sachs, Bank of America, et al.
You will see a marked difference in the coming Greek protests, as they have a long and proud tradition of actually confronting the Police and the ruling Elite, often in violent bloody clashes.
The really neat thing is, once the gloves come off in Greece, and the (greatly devalued) penny drops over here in North America, you will see the Police response to the #Occupy Movement become much worse, more confrontational and violent.
The people who came up with these wonderful scams and derivatives thought they could control events, that they could manage a slow descent into decline.
But any decent chaos theory would tell you, with so many variables, something HAD to go wrong. Complexity breeds failure.
Cygnus -
"Goldman Sachs helped the Papandreou government hide these debts from the Greek people using complex derivatives."
Yes, yes, yes. Much of the Greek debt crisis came stamped Made in USA. Goldman Sachs hid the underlying corruption of some Greek politicians from the Greek taxpaying public, EEU economic regulators, and Greek opposition political parties that would have blown the whistle on the scheme.
These "sovereign bonds" backed by such things as anticipated revenues from public airport operations in Greece were sliced and diced and tranched and bundled up and sold as AAA-rated gold to high roller investors and many high rolling banks, mirroring and modeled after Wall Street's "mortgage-backed collateralized debt obligations." The Greek sovereign bond holders then "insured" these too-good-to-be-true investment bets with AIG funny money credit default swap guarantees.
All went swimmingly well in this Rich Boys' Club circle jerk until the last half of 2008, when the AAA-rated gold bottles were uncorked and discovered to have been snake oil mislabeled all along, and AIG was suddenly next exposed as an undercapitalized, empty sack.
Uncle Sam bit the bullet and bailed out the too big to fail US banks and Goldman Sachs by making good on AIG's fake insurance policies out of the US treasury. But it is not politically feasible for Washington to bail out too big to fail Swiss, French, or other European banks the same way.
That is the next phase of the financial train wreck looming on the horizon. It is less analogous to the collapse of Lehman Brothers, more like the collapse of AIG. George Soros in the latest New York Times Review of Books speculates that it may not be politically feasible for the EEU to do what Bush and Obama did when AIG went belly up, making this crash an even bigger jolt to the global economy.
Bill from Saginaw
Playing blackjack at the capitalist casino, the dealer is allowed to see all the cards while the player wears a blindfold, which is all he/she has left to wear when the betting is done.
That's why it was so great to be able to insure your gambling stake by paying a premium to an "insurance" entity like AIG while walking into the casino with my stack of chips in hand. If I won, I won. If I lost, I was covered.
Oops! It sounded too good to be true all along.....
Bill from Saginaw
In Greece as in so many other countries, fake socialists are no better than corporatists, and need to be removed from power.
Maybe worse. What really gets me is their willingness to fire public workers, failing to stand up for the idea that public employment can be and generally is good for the economy -- which ought to be one of socialism's core beliefs.
Is there some fundamental difference between the work of a public school teacher and a private school teacher? a doctor employed at a county hospital and one in private practice? a policeman and a private security guard? Does the fact that in one case these are public employees make their work useless?
The entire logic behind austerity is ass-backwards. It's the economic equivalent of bleeding the patient, and will be as effective. In the 1930's the US kept itself out of a deeper depression by INCREASING public employment with the Works Projects Administration (WPA) and the Civilian Conservation Corps (CCC). Today that sanity is absent from leaders on either side of the Atlantic. Fortunately, it looks like many ordinary citizens -- represented in the protests against austerity and concentrated wealth -- have retained their sanity. Let's hope the people prevail.
"Is there some fundamental difference between the work of a public school teacher and a private school teacher? a doctor employed at a county hospital and one in private practice? a policeman and a private security guard?"
There is a fundamental difference between the two. In a private school/practice/securityfirm once your costs are more than your income you lay people off or shut down. In the public sector you keep milking the taxpayer for more, as they are really power less against the might of the government. An investor in a private enterprise can stop investing ad take his money back (whatever is left of it). But did you ever try not paying your taxes?
That is the fundamental difference.
As much as a socialist as I am, I must admit this to be true. And as a former teacher (who didn't realize this until it was STARING ME IN THE FACE) this is why public education is doomed in a wierd way, to turning out messed up child after messed up child. Whole, complete and sane children do not need 17+ years of 'education' and 'schooling' (for God's sake you can teach a one year old to read in under 20+ hours! I saw it happen!) but whiny, selfish, and utterly dependant humans do need lots of 'attention'. This is a crime, my friends, and the left has been in on this scam for a long long time because it channels money to college grads in the form of 'secure' jobs. It is not worth it. The damage to kids is too great, if they are lucky, they will emerge from it unscathed with only light psychological damage...maybe.
There is absolutely nothing of socialism in your rant against public education, Alan. PLUS, your bitterness against what you call 'whiny, selfish, and utterly dependent humans' is about as Right Winger mindset as I could possibly ever imagine. It says much more about you as a person than it does about any of the very real defects out there in the US public sector.
And thank God you're not a public school teacher still! Did you scurry over to some privatized charter school, or did you just admit that you are a rotten teacher with a rotten attitude and leave the teaching profession altogether?
Unfortunately parents have to work for a living, and not merely spend all their time with their children, Alan. So that being the case, do we actually want to join with the private sector in their chants that public education is merely for the birds, and that public schools should be privatized because private supposedly is better than public? I think that is entirely the wrong way to go if you cherish 'liberty', as I think that you do?
'They always talk about these "giant schools", endless "money" for "schooling". non-stop "college" type experiences that slot people into jobs, and how that's what would save society. Every one of the billion times I hear this I always respond by saying that I find it odd that you would immediatly think that the best thing to do to the newest member of our planet is to take them out of their homes and let them be left alone with total strangers for years and years and years till it just seems so normal you don't even think about it anymore and it even sounds like a nice job.
Yes, the CREDENTIALING process is totally repulsive in a world capitalist society. Too many so-called educators really are nothing more than small minded credentialers, and that is true in both private and public run schools.
It is not the "job" of kids to help the "job" of techers. That is something we force them into, like shoving your foot into a tight fitting shoe which doesn't fit your feet. And saying that "parents work for a living" is one of the most blanket cop-outs I have ever encountered and I encounter it all the time. Oh do they? Yes, and I bet they love every minute of it to, and I'm sure some of them hate their kids and can't wait to be away from them, yes...yes I get that. Pretty dark vision though, eh? I hate to break the hearts of teachers by pointing out that not all parents view it as an obligation to provide college grads with jobs involving their kids just because they (the parents) are...you know, poor people. This is an astoundingly cynical process. And very very mean. And kids get hurt real bad too, if anyone cares.
There are other differences, Chameleon, but not the one you're thinking of. Last time I checked, there were hundreds of thousands of public workers being laid off all over the country. Here in California, that's especially true.Some of them are smart, hard-working, dedicated public servants. Some of them are deadweight stoners-just like in the private sector.It's a myth that workers in the private sector are all efficient little gerbils, or that the 'business model' always trumps the public sector.There are plenty of businesses, large and small, run by incompetents and second raters. A lot of them bumble on, through good times and bad, God knows how.
Chameleon, your idea that the public sector is always some sort of monster stealing money away from the poor corporate world and the poor taxpayer is such Right Wing drivel that it makes me wonder just what kind of 'liberalism' many of you CD readers actually think you have in your heads? Many government services need to be provided whether they 'make money' or not. It is as simple as that.
I want those public services provided and not done away with just because corporate thinking fools might think it not 'profitable' to provide them. Meanwhile, your precious private sector loots the public treasury of trillions of dollars to go and occupy other peoples' countries and/or to kill them, just so they can make some bucks off the taxpayer. I guess you think that all rational and profitable?
And stop blaming the public sector for what private corporate control over the 2 party system forces the corporate controlled Federal government to do! It is not just some government political hack like Obomber or Dubya that makes the Pentagon happen, it is the not so profitable FOR The REST OF US private sector that does. It is big business war and it is 'private' Big Business sector that forces the public sector to always be dragged into this nominally public endeavor.
'So we're back from where we started. the gov fleeces us and spreads the money around.'
The libertarian Right phrases things in that way, but a Leftist should not ever do so, Chameleon. I suggest to you how important it is to rather stress that it is the private sector's representatives in government that fleece us common worker taxpayers for their corporate welfare projects like the Pentagon, and not that it is just simply a government (ours? No certainly not!) that fleeces us who are of the working and Middle classes. 'The government' is never just some politically neutral creature. It is either theirs (Big Business's), or ours....? It makes a big difference.
Here's the irony, "Mr Simitis said a return to the old currency would slash people’s savings," this while raising taxes and firing public employees which will, "slash people's savings." Made manifest is the insanity of the financial plan which the financial planners have implemented.
Tax Revolt!
Now there is an idea.
I started twelve years ago and for the life of me can't figure out why others won't.
Maybe a Greek default, with a quick return to its old currency, wouldn't cause a world-wide meltdown. Maybe it would just give the banksters a taste of their own Shock Doctrine medicine and those not destroyed would come to the rescue of those who have. Hopefully, they would all be reduced in size until none was "too big to fail."
The path now being forced on Greece by the IMF (which deserves to be dissolved) and international bankers would protect the banks while killing Greece. Or at least a lot of Greeks whose power is shut off if they can't afford to pay the new property tax. Greece can never recover if it obeys the IMF, but could stabilize its economy by using its old currency and abandoning the Euro.
Writing recently in the New York Review of Books, George Soros agrees with you. The big problem is, what might work for Greece, Portugal and/or Ireland can't work for Spain or Italy.
Their economies are too big for the EEU to cushion and survive.
Bill from Saginaw
Maybe the EEU doesn't deserve to survive? Maybe it's big, but not so big it can't fail and it's parts pick up the pieces and survive independently.
Hey they always take up selling used t shirts like Zambia. The IMF oversaw their financials also.
"Nearly 40 countries south of the Sahara have adopted "structural adjustment programs," or free market reforms, prescribed by lenders like the World Bank and the IMF, which reduce spending on public services and increase privatization to attract foreign investment and loans. Instead of generating income for the country, though, Zambia is more in debt than ever before....
By 2000, Zambia had sold more than 300 state-owned businesses to private investors, including almost all the mines, but this was still not enough to reduce its $6.6 billion debt. Today, the annual payment on the debt is three times what the government spends on education, and Zambia still spends more on debt servicing than on health care. "
http://www.pbs.org/independentlens/tshirttravels/debt.html
"Structural Adjustment" got to love how that works out for nations the IMF and WTO attempt lead to solvency. Makes one wonder why they are considered experts doesn't it?
Makes me also ask: Who's pocket did Zambia and other nations' wealth end up in? I'd like to know. I'd like to know if they ever paid taxes on their ill gotten gains, I'd like to know what benefits the countries they are living in got from sucking all the wealth from Zambia, I'd like to know what dividends their stock holders got. But I am thinking we'll never know that. That's all priviledged information. All we're allowed to know is that Zambia now relies on nothing more than selling imported used t-shirts, while their natural resources are sucked dry by multinational/global corporations.
Go global! But never question why you can't afford gas to leave your own neighborhood.
LETTER TO THE RULING CLASS .....
You control our world .....
You’ve poisoned the air we breathe, contaminated the water we drink, and copyrighted the food we eat .....
We fight in your wars, die for your causes, and sacrifice our freedoms to protect you .....
You’ve liquidated our savings, destroyed our middle class, and used our tax dollars to bailout your unending greed .....
We are slaves to your corporations, zombies to your airwaves, servants to your decadence .....
You’ve stolen our elections, assassinated our leaders, and abolished our basic rights as human beings .....
You own our property, shipped away our jobs, and shredded our unions .....
You’ve profited off of disaster, destabilized our currencies, and raised our cost of living .....
You’ve monopolized our freedom, stripped away our education, and have almost extinguished our flame .....
We are hit… we are bleeding… but we ain’t got time to bleed .....
We will bring the giants to their knees and you will witness our revolution! .....
Sincerely ...
The Serfs ...
http://weaintgottimetobleed.com/
What real reforms have been made? Will another speculative derivatives market be prevented from causing this sort of damage in the future? Not so's you'd notice. There've really been no real reforms instituted to prevent financial markets from doing this to world economies again.
Were Ireland, Spain, Greece, the US people or any other nation responsible? NO! The financial market and system were responsible. Are they undergoing an austerity measures? Not so's you'd notice. Have they undergone regulation or oversight? NO! Why is that? Because they scream "poor mouth", like that wealthy friend that never picks up the bill at the restaurant. Taxes and regulation, my ass, they are logging record profits and paying record benefits and bonuses to executives.
Why doesn't any world leader including Mr. Obama mention this? Your answer to that is as good as mine. And as long as we don't demand an answer, on going wars are a fait accompli. The financial world can lead us by the nose wherever they wish us to go. And we will have to pay. They won't
I for one am disgusted that nations and societies are being sacrificed to protect a financial system that has proven it does NOT work.
What are their options? Can they voluntarily leave the Eu? If they can I'd recommend they do so quickly. Nothing wrong with the drachma as far as I concerned. I am betting the Greek people would be more willing to accept austerity if they didn't feel they were being sold down the river to multinational interests.
Greece should do what Iceland did. Tell the world government (the global banking system) they can take their virtual debt and shove it. And then issue arrest warrants for the bankers.
It really is beyond comprehension that anybody could believe that throwing a whole nation onto the scrap heap could ever place its economy on the road to recovery. As has been said, this is just the upturning and shaking of the Greek people to grab their last coins for the insatiable banksters and their minions, the politicians.
I don't believe the Greek functionaries will behave like Nazi camp trusties and collect the electricity tax for their corrupt government: I expect rebellion. This is going to ignite fires of popular resentment across Europe.
The outcome? The end of the Euro and the collapse of the established political and banking elite. This self-important and detached group of corrupt thieves now exists only to rob the people of Europe, in order to enrich themselves yet further - because they can - and since they abuse the people they no longer possess any legitimacy, neither economic nor political, nor, of course, moral.
The problem IS CAPITALISM. Plain and simple.
You can not save anything by turning the treasury over to The Banksters. Goldman Sacs does not care about anything but seizing anything of value. Privatize roads. OK. Privatize water. OK. Privatize healthcare. OK. Privatize government. OK.
The working class of the planet IS waking up.
Think Occupy Wall Street, Detroit, Chicago. Los Angles.
What is needed is the building of class consciousness amongst the newly formed revolutionaries.
PeoplesTribune.org RallyComrades.org
Well then, comrade, good luck with the Revolution then. This time around without Gulags and forced labor camps. Think you can do that?
"The powers of financial capitalism had a "far -reaching (plan)", nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole". - Caroll
Quigley (1966)
_______________________________________________________________________
Looks to me like they have carried it out, and now they are dropping the hammer to collect the first installment. Debt peonage is the goal. Governments and their people will be forever enslaved in a web of debt that they can never pay.
It's revolution or debt peonage for you and your grandchildren. Your choice!
Slavery or freedom?
It seems that only death will do to repay the Greek debt to the bankers.
What happens if the Greek population emigrates to other EU countries?