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General News    H3'ed 7/10/15

Greece Submits Reform Proposals To European Creditors

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Defying the week-ago nearly 2:1 referendum that Syriza itself called for, the Greek government agreed to even more severe austerity measures, including cutting pensions that have already left hundreds of thousands impoverished, in exchange for promise to 'look at' restructuring the debt (maybe) by Germany and the 'Institutions.'
We've seen this play by pro-TPP forces in the American Congress; rejecting TPP without worker protections only to pass an even worse modified version a week later.
Lesson: Beware of Premature Celebration.
The Troika is now poised to take over every country in the EU, imposing austerity and poverty in a neo-feudalist paradigm, and making all governments irrelevant rubber-stampers. Soon, the banks will own everything in the EU, and unless checked by Russia-China and the rest of the BRICS, the world too.
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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:

Scott is a former President of Common Ground-NYC (, a Geoist/Georgist activist group. He has written dozens of articles for (more...)

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