Europe's New Road to Serfdom
Trichet Threatens Greece with Iron Heel

Hudson, Michael
http://www.counterpunch.org/hudson06032011.html

Publisher:  CounterPunch
Date Written:  03/06/2011
Year Published:  2011  
Resource Type:  Article
Cx Number:  CX12598

The conditios for Greece's new loan package is that Greece must initiate a class war by raising its taxes, lowering its social spending – and even private-sector pensions – and sell off public land, tourist sites, islands, ports, water and sewer facilities. This will raise the cost of living and doing business, eroding the nation’s already limited export competitiveness. The bankers sanctimoniously depict this as a “rescue” of Greek finances.

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