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Greece bailouts are just to keep banks fat and happy, while families suffer from ten consecutive cuts to their livelihoods

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June 2011 Austerity Protest in Greece

Billions for banks. Hardly a farthing for the families of Greece. The country continues to face impending feudalism to pacify a financial monarchy ruling Europe.

Since 2010, Greece has received nearly $277 billion in bailout funds. Almost all of the money has gone to pay the country’s debts, cover credit default swaps, pay jacked up interest rates and bolster the local and international banks’ capital, rather than to provide any economic growth.  Meanwhile, seniors have been robbed of pensions, minimum wage rates smashed, Continue reading →

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