Debtocracy Page #4

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the IMF and its Neoliberal theories...

became the laughing stock

of economists all over the world.

But some monsters never die.

(I have 3 children and no job, please help)

Greece will pay dearl

for the intervention of the IMF.

And, in some cases, she will

even pay for it in advance.

Ron Paul -

Republican Congressman -

Ben Bernanke

Chairman of FED -

Argentina was confronted

by the IMF alone.

But Greece found herself

serving two masters.

Because, in Europe, Neoliberal

theories were also being promoted

by the European Central Bank.

Ironically enough, in the case of Greece

the IMF was softer than the EU.

The measures applied in collaboration

with the IMF, the ECB and the EU

are not only unfair

and dangerous to the Greek people.

They're also doomed to fail

right from the start.

They have a tragic impact

on the people's quality of life

and on their daily life even.

And it's highly unlikely that

they will have a positive effect

on the economy in general, and

the management of national debt.

Like in Argentina, the target was

to save not the economy

but rather the banks and the big enterprises.

The measures taken now are

stabilization measures

to prevent Greece from proceeding

to a cessation of due payments.

They are not measures

which will reduce the debt.

It is more than obvious that the debt

will continue to increase quickly

regardless of the measures,

and, indeed, as a result of them.

The measures aim clearly

to protect the lenders

to protect the banks.

Within a few months, the Greek

government gave the banks

EUR 108 billion

which is almost the entire rescue

package received from the IMF and the EU.

(Excerpt from the documentary film Social Genocide)

When Argentina faced

a similar situation

several of those responsible

were punished.

The image of presidents leaving

the presidential palace in choppers

still haunts both the IMF

and its collaborators.

One magical night,

just like in Argentina

we'll see who gets

to hop into the chopper first!

Year #1 after the IMF intervention.

Greece has entered an intensive programme

of "purging" procedures, "asset utilisation"

"rationalisation measures" and "tidying up".

The delegates of the IMF, EUand ECB have

taken up permanent residence in Athens

and are dictating their policy through

an unconstitutional memorandum.

Dominique Strauss - Kahn IMF Managing Director -

What is Greece today?

Are we a free country? Yes.

Are we independent?

No, we've been reduced to vassals.

Freedom is one thing,

sovereignty quite another.

Our country's problem is that

she has lost her sovereignty.

In splendid collaboration

with their foreign lenders

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