The American Bear


Greece: Your Money or Your Life | Margaret Kimberly

Americans should be paying close attention to events in Greece. They are omens showing people around the world what lies in store for them when thieves in high places get their way. - Margaret Kimberly

Greece is at the epicenter of an horrific assault on working people and on their democracy. As a result of corruption at the top of the Greek government and world wide finance capital, that nation is teetering on the brink of insolvency. The rescue cooked up by the same people who created the problem is in fact anything but.

The so-called bail out is a plan to destroy the last vestiges of the welfare state and the expectations of humanity that they can have any hope of being treated fairly in capitalist countries. The European Central Bank, the International Monetary Fund and the European Commission have descended like vultures, making it crystal clear where their interests lie.

In a Memorandum of Understanding (MOU) to the Greek parliament, the depth of the assault is in print for all to see. In order to be rescued and receive a 130 billion euro loan, the Greeks have to first sacrifice themselves and their lives. One portion of the MOU sums up the issue succinctly:

The Government will neither propose nor implement measures which may infringe the rules on the free movement of capital. Neither the State nor other public bodies will conclude shareholder agreements with the intention or effect of hindering the free movement of capital or influence the management or control of companies.”

That says it all. Of course pensions and wages have been cut, and thousands of government workers will lose their jobs. Capital is the priority on the agenda, but human beings don’t even make the list. Not only will Greeks have to lose their livelihoods, but they will no longer be protected by government regulations. The MOU clearly states that baby food will no longer be inspected for safety. The baby is indeed being tossed out with the bath water.