United States of Europe: New German Reich crushes Greece

United States of Europe: New German Reich crushes Greece

Immediately following Syriza's victory at the polls, the Eurocrats began shutting off the cash flow from the European Central Bank to the Bank of Greece. They also began a sustained campaign of 'capital flight', withdrawing billions of euros from the Greek economy, thereby encouraging private investors to follow suit.

They then put 'capital controls' in place, ostensibly to dampen the capital flight they themselves were causing, and which had the foreseeable effect of increasing Greece's total outstanding debt by one third to an unpayable 312 billion euros.

Greece's economy has shrunk 30% since it first went into recession 8 years ago, a contraction worse – in both duration and depth – than the American Great Depression of the 1930s.

http://www.sott.net/article/300543-United-States-of-Europe-New-German-Reich-crushes-Greece-part-1

#greece #greek #crisis #eu #germany #merkel #fascism #neoliberalism #capitalism

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