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Friday, 30 July 2010

IMF-Greece

Walden Bello examines the austerity package designed for Greece in historical context.
"Greece: Same Tragedy, Different Scripts"

by Walden Bello

Promoted as rescuing Greece, the massive 110-billion-euro package, put together by the dominant Eurozone governments and the International Monetary Fund, will largely go toward rescuing the banks from their irresponsible, unregulated lending frenzy. Are there alternatives? Argentina's response in 2003 is one. Read more as Walden Bello analyzes the role of the banks and the IMF in Greece in context of North-South history since the 1980s.

Foreign Policy in Focus (7/14/2010)
http://www.fpif.org/articles/greece_same_tragedy_different_scripts


Posted in Miscellaneous by cda at 10:18 AMPermalink

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