How Europe Played Greece

Posted: July 4, 2015 in Democracy, Economy, Politics

Alex Andreou . London, UK and Athens, Greece

… Greece feels betrayed. The people “in the know” assured us that if we did as they instructed, the situation will improve. It didn’t. It got worse. And then worse again. We agreed to buy back our own debt at a premium and, by doing so, gave time to large financial interests to disentangle themselves from Greece, to put buffers against contagion. Now they don’t care. Greece was played. We were convinced to get in a lifeboat full of holes and now Europe wants to set us adrift.

The people of Europe need to realise that they were all played, too. Taxpayers’ money was pumped, not into Greece, but into failing banks, like everywhere else. Profit has been privatised and risk nationalised. They need to stop blaming the canary for coming up from the mine half dead …

via How Europe Played Greece.

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