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Democracy's birthplace took its last breath and died. Banker appointed prime minister Lucas Papademos (a former ECB vice president) and finance minister Evangelous Venizelos (a former Bank of Greece official) have virtual carte blanche discretion on cuts.
Moreover, parliamentarians opposing them were sacked. New Democracy's Antonis Samaras expelled 21 MPs, including the party's whip and shadow defense and interior ministers. PASOK's George Papandreou removed 23 opposition MPs, including former government ministers.
In other words, MPs defying banker diktats are being replaced by supportive ones. Whether or not April elections change things remains to be seen. Some officials want them replaced by military-backed extra-parliamentary rule. Other manipulative ideas are also being considered as ordinary Greeks won't support current MPs in legitimate elections.
Perhaps tyranny's coming under martial law, followed by new rounds of austerity cuts until Greece is bled dry and collapses. Commenting in its English language newspaper Ekathimerini, Nikos Konstandaras said:
Greece "cannot seem to escape the weakness which trapped us on this course of destruction....Our incompetent state does to citizens what Europe does to Greece - it condemns them to deprivation and insecurity and then sits back and watches them founder and react and fall into dead hands....The flames are licking at our future and at the (failed) vision of Europe."
It's based on looting economies, impoverishing millions, creating depression level unemployment, and wages to low to live on to pay bankers and other large creditors.
If EU officials approve new bailout funds, they want them escrowed, requiring disbursements pay them first. Whatever remains, if anything, can pay wages and keep basic services going on life support at best.
Germany wants an unelected budget commissioner (a financial czar) handling Greek spending decisions. Whatever's finally agreed on, eventual default's certain and likely Eurozone exit.
The longer it's delayed, the greater the pain, but bankers only care about one thing - getting paid, no matter the pain, human suffering, and certain economic collapse. In the fullness of time, it's coming.
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