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Greece: Profile of a Failed State

By       Message Stephen Lendman     Permalink
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Police used tear gas and water cannons to disperse crowds. Protesters threw Molotov cocktails at security forces. A bus stop and kiosk were set ablaze. Athens resembles a war zone. 

Dozens of arrests followed. Hundreds or thousands more won't quell rage. Greeks are justifiably mad and show it. It's just a matter of time perhaps before the whole country explodes.

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Strikes brought Greece to a halt. Hospitals operate with skeleton crews. Commerce shut down. Journalists walked out. They joined strikers. Broadcasts and publications were suspended.

Troika authority demanded and got another $17.2 billion in budget cuts. At issue is qualifying for $39.6 billion in bailout funds. Greece barely gets enough to pay bureaucrats. Debt service and bailing out bankers get top priority.

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The term bailout is a misnomer. Grand theft and extortion more accurately explain policy. Ordinary Greeks are victimized. So is Greece's economy. 

It's a shell of its former self. It's a zombie waiting for its obituary to be written. Bankers responsible for crisis conditions are rewarded. Irresponsible governance steals from ordinary people to pay rich ones and corporate crooks.

Prime Minister Antonis Samaris heads Greece's rogue government. On Wednesday, he said Athens took "a big, decisive and optimistic step. A step toward recovery. I am very pleased."

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The more Greece borrows, the greater its debt, the harder it is to service and repay, the more future aid that's needed, and faster the country heads toward total collapse.

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I was born in 1934, am a retired, progressive small businessman concerned about all the major national and world issues, committed to speak out and write about them.

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