Something especially excellent from Michael Roberts on Greece........

[socialist_n_TN]

https://thenextrecession.wordpress.com/2015/06/28/syriza-the-troika-and-the-ironies/

Also posted in Socialist Progressives group.

[Warpy]

1. If you want an in depth study of what has been going on

and what has been done to the Greek people to save the banksters who caused the crisis (along with a helping of Shock Doctrine), this is a long but extremely informative BBC documentary.

TL,DW (shame on you): Greece will either go Communist or follow Iceland's example, nationalizing the banks and jailing the banksters. Grexit is inevitable.

[socialist_n_TN]

4. Thanks, I'll watch it when I get a few........

And either of your two possibilities will result in nationalizing the banks and jailing the banksters.

[Warpy]

5. Yeah, pretty much

I keep hoping they've been stalling because they've secretly been printing drachmas ever since they got into office to ease the transition and that the bank holiday is part of that.

ETA: Watch it on You Tube and surf while you listen. Some of the visual stuff, like the streets and streets of closed shops covered with graffiti, is interesting but you can do without it and catch the drift.

[djean111]

2. from the link...

What the Troika wanted was a Greek government carrying out a full programme of austerity (running a government budget surplus in the middle of a depression) and ‘structural reforms’ (ending labour rights, deregulating services and finance and privatising state assets). The previous Samaras government got bailout funds in return for such ‘conditionalities’. When Syriza wanted to change those conditions, not only did the Troika not concede, it actually tried to impose even harsher ones on Syriza.

This is partly because the Greek economy and government revenues have deteriorated during the five-month bailout extension. But it is also because the Troika wants to break Syriza and end a government pledged to oppose fiscal austerity and neo-liberal reforms. This is to ‘encourage’ the others
.................
But on 25 June, the Christine Lagarde/Wolfgang Schäuble duo (IMF chief and German finance minister) wanted the benefit for low-income pensioners to be completely eliminated by 2017. If this proposal for overhauling the nation’s pension system were to be accepted by the Greek government, it would mean that a person who today receives a monthly pension for the amount of, say, 500 euros ($560) – close to 50% of Greek pensioners receive pensions below the official poverty line – would be deprived of nearly 200 euros ($223). This was one step too far for Tsipras and the Syriza leadership.

And this, IMO, is what the world banks want to do, worldwide. They are polishing up their game with Greece.

[socialist_n_TN]

3. Yep. I agree with you . This is what the banks want to do worldwide.........

nm