John Pilger writes for The New Statesman about what is killing Greece, and also what could save us, if we wake up out of our drug-induced coma.
Protest, hard.
“At 11 per cent, Greece’s budget deficit is no higher than America’s. However, when the Papandreou government tried to borrow on the international capital market, it was effectively blocked by the US corporate ratings agencies, which “downgraded” Greek debt to “junk”. These same agencies gave triple-A ratings to billions of dollars in so-called sub-prime mortgage securities and so precipitated the economic collapse in 2008″.
I see.
You can too, here
