Maravi

(THOM HARTMANN BLOG) The IMF, Greece & Goldman Sachs.....

Despite 3 weeks of rioting in the streets – Greek Prime Minister George Papandreou is keeping his job – having narrowly survived a no-confidence vote in the Greek Parliament yesterday.

The world watched the vote closely as Greece is on the edge of defaulting on its debts and must pass austerity measures like spending cuts and state privatization to receive a bailout from the European Union and the International Monetary Fund. If Greece defaults – it could trigger a financial crisis across all of Europe.

But the Greek people have expressed outrage at an austerity agenda that targets mostly working class families but lets the banisters who caused the financial mess off the hook altogether. An austerity agenda I might add – that’s already been put in place in the UK and is shrinking the British economy. But that’s how the IMF does business. If you’re not willing to crash your own economy – then the IMF – mostly made up of banksters – will step up and do it for you.

After, of course, Goldman Sachs ruins your economy and pays itself billions.

Labels: IMF, NEOLIBERALISM

posted by MrK @ 11:49 PM