There’s a huge scam being executed in Europe right now under the guise of “austerity.” The political and financial elites have teamed up to steal the wealth of the citizens in the southern European countries. It’s important to note that these austerity measures have not been designed to help the indebted countries to stabilise their economies and shake off their debts in the first place. Quite the contrary, the point is to keep the countries in the debt leash indefinitely to force them to keep paying “protection money” to the creditors. Eric Toussaint points well out the blatant criminality of this scheme:
“Fraud is an important notion in international law. It refers to an intentional deception made to damage another individual. If a State were led to contract a loan through the fraudulent behaviour of another State or an international organization that is party to the negotiation, it may invoke fraud as grounds for declaring the contract void, since it was agreed to through deceit. Now the Troika [EU, ECB & IMF] uses the plight of Greece, Ireland and Portugal to enforce measures that go against citizens’ social and economic rights, challenge collective conventions, contravene the country’s sovereignty and in some cases also its constitution. Thanks to some Italian newspapers, we know that in early August 2011 the ECB benefited from speculative attacks against Italy forcing its government to implement the same kind of antisocial measures as Greece, Ireland and Portugal. If the Italian government did not comply, the ECB said it might not help Italy at all.
What the members of the Troika are doing can be compared to the odious behaviour of someone who, while claiming to help a person in a difficult predicament, would actually make it worse and benefit from it. We can also consider that it is a criminal act planned collectively by the IMF, the ECB, the EC, and the governments that are supporting their action. Associating in order to plan and carry out a criminal act increases the responsibility of the aggressors.
There is more: the economic policies enforced by the Troika will not allow the affected countries to improve their situation. For three decades this kind of damaging policy has been implemented on behalf of large private companies, the IMF and the governments of industrialized countries, in indebted countries of the South and in a number of countries of the former Soviet bloc. The countries that complied most diligently have had to face terrible times. Those that refused the diktats of international bodies and their neoliberal doxa have fared much better. This has to be recalled for we have to make it known that the results of the policies demanded by the Troika and institutional investors are a foregone conclusion. Neither today nor tomorrow will they ever have the right to claim they did not know what their policies would result in. We can already see what is happening in Greece.”
The propaganda machine of the elite keeps telling us that it’s the “lazy” Greeks that are themselves guilty of their current crisis. This is symptomatic of the divide et impera strategy of the elite. The goal of this strategy is to create resentment between the peoples of southern Europe and northern Europe to prevent them from realising that they’re all being equally duped by the elite. Now you don’t need to be a Marxist to see that this is class warfare at its purest. It’s sad to see how the populist parties in different countries are taking advantage of this resentment to boost their own ratings, often against the long-term benefits of their supporters.