DOES THE GREEK BAILOUT PAVE THE WAY FOR THE UNITED STATES OF EUROPE?
Mahdi Darius Nazemroaya
llusions are at play in the modern tragedy that is the Greek economic system, particularly when it comes to notions of who benefits most from the latest bailout.
SAINT-JEROME, Quebec –— Modern Greek tragedy is at play, and so are illusions.
The big myth is that Greece overspent and the Greek government was reckless with its budgets, ultimately indebting Athens. It is true that Greek officials tried to gain influence and political support through spending. It’s also true that they signed lucrative contracts with local businesses.
Athens, however, is no exception here; this type of conduct has been displayed by politicians throughout the European Union and around the world.
The fact is that this is not what created the economic crisis in Greece. What is really taking place in Greece and the eurozone is something altogether different. The Greek bailouts appear to be part of a rigid restructuring of the EU that is placing other members under the control of Germany.
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