The Troika Intends to Suffocate Greece. Threaten an “Uncontrollable Crisis”…

Monday, June 29, 2015
By Paul Martin

By Ariel Noyola Rodríguez
Global Research
June 29, 2015

The Central Bank of Greece surprised everyone with the publication of their monetary politics for 2014-2015. Besides revealing the consequences of the economic suffocation imposed by Brussels, it concluded that in case of not getting to a prompt deal with its European partners, a crisis of great proportions will be detonated.

“A crisis with a manageable debt as we are currently facing with the help of our partners will transform into an uncontrollable crisis, with great risk for the banking system and for the financial stability”, it quoted[1]. It was the first time this institution seriously contemplated Greece’s separation from the Eurozone.

The mainstream media immediately began to stress that the majority of Greek’s population is against abandoning the Monetary Union. Approximately a 70% according to a recent poll published by the GOP. For keeping the “common currency” the norms in the Maastricht Treaty have to be complied, therefore the Western media concludes that Greek citizens are willing to accept the Troika’s conditions: Austerity is the price for membership in the Eurozone.

However, the media omit mentioning is that the same majority was opposed to measures that the Troika (formed by the International Monetary Fund, the European Central Bank and the European Commission) intends to impose. That same majority is currently convinced that the original 245 billion euros rescue program has only brought economic affliction. The increase of inequality and poverty, lock of housing, mental illness and suicides, are evidence of the “humanitarian crisis” Greeks are daily suffering[2].

A change regarding to economic matters in urgent. In that sense, the Greek government has insisted in solving the more immediate needs (taxes on investment, creation of employment, a better distribution of income, etc.) and less in questioning terms of the debt. Despite this, Brussels has blocked any agreement that would help Greece’s recovery; debt repayments are maximum priority[3].

Alexis Tsipras, prime minister, is practically “hands tied”, he can’t implement an alternative economic policy, this situation is contrary to his intentions, therefore it slowly diminishes the trust citizens have put into Syriza, his political party.

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