Greek Debt Crisis & Europe's Rulers “War of Fear” on Greece

Dr. Jack Rasmus discusses the
Greek Debt Crisis and Europe's Rulers' “War of Fear” on Greece. Jack explicates the highly class nature of the "Troika's", the European Union (EU), European Central Bank (ECB) and International Monetary Fund (IMF), ultimatums which target pensions (deferred wages), and raise sales taxes (impacting workers more), as well as the Troika's opposition to taxing the rich, and their demand for more privatizations. Citing the "blackmailing of the ultimatum that asks us to accept a severe and degrading austerity without end," Prime Minister Alexis Tsipras is calling for a "no" vote on an austerity program proposed in exchange for financing from the "institutions". The referendum comes some five months after Syriza took office pledging to halt austerity measures, revive the Greek economy and begin to restore social benefits that were radically cut back under governments that agreed to austerity measures encapsulated in the so-called Memorandums in exchange for financial bailouts from European authorities and the IMF. The big European powers, led by Germany, are doing their best to exacerbate the crisis, along with the Washington-dominated IMF. The central bankers at the ECB refused to expand the funds available to Greece under an emergency program.