Greece Struggles With a Financial and Ecological Tsunami
by Evaggelos Vallianatos
When in 2008 the “too big to fail” Western banks brought misery and near collapse in the economies and societies of Europe and America, the same banks hit Greece with a ton of bricks.
Greece is a small country that has no control of its currency. Second, the Greek and foreign elites of Europe and America that control both the euro, the currency of Greece and the countries of the European Union, and the giant banks, decided to shock Greece in order to make the country a pliant customer.
Since Greece can’t pay back the banks, the European Central Bank, the European Commission and America’s International Monetary Fund, known as troika, intervened to make certain the borrowers got their money back. The troika pays the borrowers and then lends Greece more money at high interest rates. (more…)