Tsipras and Varoufakis Approve of Home Evictions and Expropriation of Depositors

Posted on July 27, 2015 by willyloman

from Global Research

… Last Wednesday, both Tsipras and his former finance minister went even further by giving their consent to a reform package that will facilitate foreclosures and home evictions. Given the disastrous economic situation, high unemployment and the ongoing capital controls, thousands of home owners will fall into arrears with their interest and repayment installments in the coming months and thus become victims of this new legislation, which will go into effect on 1 January 2016.

Tsipras and Varoufakis, who loved posing as the advocates of the common people during their election campaign, are thus frankly siding with collecting agencies and openly turning their backs on working people strangled by debt.

However, there was worse to come in Wednesday’s vote. Pretending to “protect “Greek taxpayers, Tsipras and Varoufakis also gave their consent to the EU’s Bank Recovery and Resolution Directive (BRRD). This legislation provides for the replacement of bailouts of banks with taxpayers’ money by the partial expropriation of savers, depositors and shareholders.

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