Posted on August 13, 2015 by willyloman
Requirements attached to Greece’s latest bailout package are “extreme” free market fundamentalism designed to punish ordinary Greek people, a leading social justice campaign has said.
After all-night negotiations in Athens, the European Commission (EC) came to an agreement with Greek representatives on Tuesday to provide Greece with an €85 billion (£95 billion) rescue loan.
UK campaign group Global Justice Now slammed the deal as an excuse for imposing radical economic restructuring on Greece, including privatization and deregulation measures.
The group’s director, Nick Dearden, said it was one of the most radical examples of neoliberal reforms being forced on a country that the organization had ever seen.
“This package amounts to some of the most extreme ‘free market’ fundamentalism we’ve ever witnessed – even by the standards of the International Monetary Fund programs imposed on Africa, Asia and Latin America in the 1980s,” he told RT on Wednesday.
“In short, it says that Greece is up for sale, and its workers, farmers and small businesses will have to be cleared out of the way.”
[read more here]
Filed under: Globalization, Economic Crisis ie. Disaster Capitalism, class warfare, economic terrorism, Riots in Greece, Neoliberalizing Greece, Fascism, Greek Elections 2015, Yanis Varoufakis, Syriza, Alexis Tsipras, Greek referendum