Catastroika Page #4

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while unemployment

rised from 0 to 20%.

But, most importantly, after

selling out a whole country,

Treuhand succeeded in

presenting billions of losses.

Treuhand created a 300 billion DM

debt and a 60 billion DM profit,

but we expected to get 600 billion DM.

There is a lot of debt left...

...which is still owed

to the corresponing fund.

This fund is not included

in the federal budget.

It cannot be considered a model as

many companies were destroyed.

With a 250 billion debt, it can't be

a model for other countries.

However, the president of the

Eurogroup, Jean-Claude Juncker,

presented Treuhand

as a model for Greece.

A month later,

the Greek "Asset Development Fund"

is created.

The greek Treuhand

is housed in a building...

...behind the former parliament.

The three parties supporting

the austerity measures...

...share the organisation's

administration.

This is professor emeritus Koukiadis

of Aristotle University.

Mr. Konstantinos Mitropoulos is

the manager and central figure.

He owns a company, Kantor,

and has worked for the Latsis group.

A few months later,

the journalist that presented

the fund's structure...

...is appointed as its spokesman.

Other key-positions are occupied

by many executives...

...of the two companies managed

by Kostas Mitropoulos.

The fund is supervised...

...by Herve Le Roy

of the french embassy...

...and Maarten Verwey of

the dutch ministry of finance.

The troika also appoints 3 members

of the fund's board of experts.

The conditions set by the troika

in Greece for the fund's function...

...resemble those

in occupied countries.

The privatisation costs devolve

upon Greek taxpayers,

whereas the profits,

which were initially estimated

to reach 50 billion euros,

go to the creditors.

The fund operates

with great secrecy...

...assigning extreme powers

to its members.

The latter take on the sale

or the concession...

...of buildings, land, infrastructure

and share packages.

The fund can exploit the littoral

zone or the ancient monuments.

The only condition is

that they remain in place.

Even before

the creation of the fund,

government officials had started

advertising greek assets...

...in road shows,

like a travelling circus.

Zorba's Greece is a country

subject to foreign multinationals...

...that control the infrastructures.

A country in serious debt

with a corrupted political system.

The situation was similar

to the interwar period.

Especially between

the years 1924-1930...

...Greece was an ideal candidate

for lending.

There was a series

of huge scandals.

The governments were bribed,

even Venizelos' consultants.

Foreign embassies directly

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