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The tortures that the Grecian people are being subjected to by the neo-liberal institutions of Europe (European Commission, European Central Bank and IMF) are unnecessarily brutal and threaten to unravel the fabric of their society. We can learn what is in store for other nations that dare to act against the ‘good prudence’ of the current economic elite. Robert Hunziker writes about the toxic economic prescription being forced onto Greece and some of the reasoning behind it.

“Mysteriously, but maybe not so mysterious, this particular Greek Tragedy does not pass the sniff test. Something is rotten, somewhere. In order to get to the bottom of it, according to Dimitris Konstantakopoulos, member Secretariat of Syriza: “The Greek Reform Program was no mistake but was and remains the premeditated assassination, by economic and political means, of a European nation and its state, for reasons of much wider significance than the significance of the country itself,” Ibid.

Which prompts: Why so brutally horribly dehumanizing?

According to one analysis, Greece is the scapegoat for all European ills, thus it represents a looming threat to all other abusers of neoliberal dicta. The rationale: Other delinquent southern European countries were spared the hatchet only because, if Troika brutalized them as well, it risks alliances of like-minded protagonists and revolt all across half of Europe. Which would exceed the wherewithal of the grand neoliberal crusade and possibly blow its covert operations wide open for all to see. As it happens, Greece was/is low hanging fruit and a perfect whipping boy that hopefully knocks some sense into spendthrift Mediterranean lefties, or so the Troika likely assumes. Otherwise, why destroy Greece?

As it happened, Troika misrepresented good intentions, and in fact lied by publicly claiming Greece was receiving enormous amounts of financial support from its European partners, whereas 95% of those funds zip-zip right back to Deutsche Bank, PNB Paribas, and other U.S. and European banks, bypassing Greece’s banks and citizens as quickly as a finger click. But wait; of course, Greece keeps five percent.

In order to receive Troika’s financial bailout, Greece has undergone a massive transfer of public assets, all the best stuff, to privatization interests, part of the hardcore hypothesis behind neoliberalism, e.g., (1) 14 major regional airports sold to Germany’s Fraport, (2) the Port of Piraeus, one of the largest ports in Europe sold to China’s Cosco, (3) the Port of Thessaloniki, which is Greece’s second largest city, sold to a German consortium, and (4) privatization funds created, under Germany’s direction, for water utility transfers to private hands, prompting the president of the Greece water company trade union to forewarn that the for-profit model often times raises prices for consumers and sometimes service degrades. But then it’s too late to do much about it.

And, come to think of it, why should water be a for-profit enterprise in the first instance? And, why should ports, as old as the city of Athens, be for-profit private enterprises? By longevity alone, it is an iconic attachment to Greece, dating back centuries upon centuries. Maybe some precious things in life should escape the dictates of profit for the few in favor of the common interests of the many.

Regardless, financial colonization is ripping Greece to shreds same as 19th-century European colonization of Africa, in harmony with the Industrial Revolution, shredded natural resources. But, nowadays Industrial Revolution is passé as the Internet revolutionizes everything, other than the onslaught of neoliberalism’s transnational elite special forces.”

I think we, as Canadians, should be aware of what is in the toolbox of the world’s financial instituions when it comes to deal with countries that are ‘in need of financial discipline’.

 

 

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