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First, they came for the Greeks... | Corrente

Corrente

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First, they came for the Greeks...

Reuters:

In an interview published after euro zone finance ministers in the Eurogroup approved a further 12 billion euro ($17.43 billion) installment of Greece's bailout, Juncker said he was optimistic that measures agreed with Athens would help to resolve the country's problems.

"The sovereignty of Greece will be massively limited, [by whom and for whom?]" he told Germany's Focus magazine in the interview released on Sunday, adding that teams of experts from around the euro zone would heading to Greece.

So where does the sovereignty lie, then? The banksters, right? It looks like just as Afghanistan has been the testing ground for drones, so Greece is the testing ground for rolling back the nation state and replacing it with rule by rentiers:

"For the forthcoming wave of privatizations they will need, for example, a solution based on a model of Germany's 'Treuhand agency'," Juncker added, referring to the privatization agency that sold off 14,000 East German firms between 1990 and 1994.

Well, for some definition of "need':

The Greek parliament voted on Thursday to set up a privatization agency under austerity plans agreed with the European Union and IMF which have provoked violent protests on the streets of Athens.

Greeks are acutely sensitive to any infringement of their sovereignty or suggestions of foreign "commissars" getting involved in running the country.

"One cannot be allowed to insult the Greeks. But one has to help them. They have said they are ready to accept expertise from the euro zone," Juncker said.

Athens must sell off five billion euros in state assets this year alone or risk missing targets set under its EU/IMF program, which could cut off its funding needed to keep the government running and avoid a debt default.

A repeat of Germany's Treuhand experience may prove bitter for Greeks, who are already suffering soaring unemployment as a recession drags into its third year.

Once the world's biggest holding company, Treuhand was supposed to sell off state property at a profit but closed its books with a huge deficit and a legacy of bitterness among the legions of workers whose jobs it destroyed.

Four million Germans were employed by Treuhand-owned companies in 1990 but only about 1.5 million jobs were left in 1994 when the agency closed.

Instead of reaping profits to be distributed to all east Germans, as it was designed to do, it ran up debts of 270 billion marks ($172 billion) in the fire sale of assets.

Mission accomplished! A whole country looted by banksters! And now they're going to do it again!

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jumpjet's picture
Submitted by jumpjet on

from the euro zone."

Continuing your typical line of questioning, one must ask: who's "they?"

The Greek people certainly don't want Brussels' 'expertise.'

Greek's unions, combined with the citizen mobilization we've been seeing, could make these privatization attempts quite difficult indeed.

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okanogen's picture
Submitted by okanogen on

"For the forthcoming wave of privatizations they will need, for example, a solution based on a model of Germany's 'Treuhand agency'," Juncker added,

Followed by:

Once the world's biggest holding company, Treuhand was supposed to sell off state property at a profit but closed its books with a huge deficit and a legacy of bitterness among the legions of workers whose jobs it destroyed.

Four million Germans were employed by Treuhand-owned companies in 1990 but only about 1.5 million jobs were left in 1994 when the agency closed.

Instead of reaping profits to be distributed to all east Germans, as it was designed to do, it ran up debts of 270 billion marks ($172 billion) in the fire sale of assets.

A deficit in one column is a credit in the other. So obviously this was a successful model for someone!

Sorry, I don't fall in love with politicians. I'm not that desperate.....