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Greece is standing up to EU neocolonialism

June 27th, 2011 by Graham Attwell
At last – a sensible article in the popular press about what is happening in Greece.
As the article points out the rates of interest being charged are akin to lean shark rates. Furthermore these loans are not to pay Greek civil servants or maintain the standard of living in Greece. they are going to the banks – predominantly in Germany and France. So Greek people are being asked to pay high interest rates and to sell off their economy to support bad loans made by banks around the world.
What is happening is a scandal and will rightly be regarded by history as such. But where are all those commentators who welcomed the Arab spring – now that the struggle is on their doorsteps.
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After months of attacks on the supposedly feckless Greeks, the western media, intellectuals such Amartya Sen and Jürgen Habermas and the United Nations have finally woken up to the fact that the catastrophic austerity imposed on Greece is unsustainable. It was about time. This is an unprecedented and morally odious type of collective punishment imposed on a majority of Greeks, who did not see a penny from the profligacy of their rulers and who live close to the poverty line.

Syntagma has become Tahrir Square in slow motion. It is a peaceful, democratic revolt that was easier to start because the fear of brutal repression is smaller, but will be harder to complete as it faces the enormous might of the European Union and global finance capital. Now that the indignant have changed the rules of the political game, it is perhaps time to revisit some basic facts that have been seriously misrepresented.

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One Response to “Greece is standing up to EU neocolonialism”

  1. Sarah Bartlett says:

    I loved this post giving a fascinating insider view. Thanks.

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