Greece's Papandreou Defends Austerity Course

Greece's Papandreou Defends Austerity Course

online.wsj.com

THESSALONICA, Greece—Greek Prime Minister George Papandreou promised to ease the tax burden on businesses to spur investment, but he continued to rule out the possibility of a debt restructuring and he pledged to stick to a savings plan to shore up public finances.

Mr. Papandreou's closely scrutinized address at the Thessalonica international trade fair Saturday was accompanied by more public protests against unpopular austerity programs and a worsening recession.

This northern Greek city had

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I know that the Greek PM George Papandreou is in cahoots with the globalist elite's IMF and World Bank financial vipers, bankrupting his country by design and causing anger and backlash by his fellow Greeks.

Greece is just a blueprint for the coming financial coup de grace in the United States, only far worse.

If an austerity course does not bode well for the Greeks, then it will not bode well with the Americans and sooner or later, everyone worldwide.

online.wsj.com
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Great thread and post(s). As a socialist I hate the IMF and EU but the greek government bears the ultimate responsibility for greece's financial woes. Many decades of careless planning and wasteful spending lead us south, so I am not suprised one bit. Just like america nobody talked about it till 11:59pm, the day before we went to panic mode and speculation became rampant. Of course nobody knew anything till then........

Another "big suprise" is the fact they want to sell off any remaining government run operations and thus capitalise on capitalism. Its not that government can't run anything, they simply have more to gain by making things fail than doing it correct. I am quite certain many hands were greased and greek officials happily complied. Less responsibility in the long run and mucho dinero for treason are strong incentives in this case.

And yes the rest of the world will likely follow greece's pitiful lead by committing financial suicide but I am sure the rothschilds would have it no other way. Private central banking and government mismanagement is a recipe for chaos. Each recession consolidates wealth into fewer and fewer hands till we have private monopolies in each sector.

Not good. We must fight global capitalism!