Debt and Austerity: Greece Continues to Be Sucked Dry

15 Aug

OffGuardian

by Peter Koenig, via Global Research

How long will this go on? How long will we see the photographs of a Mr. Tsipras and his Finance Minister in despair. Yet the blood-letting continues.

Already new austerity measures are being projected for 2018 – between 5.4 billion EUR asked by Europeans and 9 billion EUR requested by IMF – and the securing of the Greek debt sustainability through deep restructuring measures (meaning more selling of public assets to foreign corporations), as reported by journalist Yannis Kibouropoulos.

Yes, € 9 billion by the IMF, of all institutions! The very organization that has ostensibly pledged with Greece’s creditors to forgive some of the debt to let the country breathe. This noble idea seems to have given in to the abject, murderous greed of the banks, one among them, the Deutsche Bank, currently the most vulnerable and indebted in the world, not just in Europe…

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