Greece’s Bailout: ‘Creating a Corporate paradise in the Mediterranean’

‘This package amounts to some of the most extreme ‘free market’ fundamentalism we’ve ever witnessed – even by the standards of the International Monetary Fund programmes imposed on Africa, Asia and Latin America in the 1980s. In short, it says that Greece is up for sale, and its workers, farmers and small businesses will have to be cleared out of the way.

The purpose of the bailout has little to do with ‘repaying debt’ and everything to do with creating a corporate paradise in the Mediterranean. The debts that matter to Europe’s elite have already been repaid. Today, debt has simply become a straightjacket to discipline Greek society. The real purpose of the programme is economic restructuring, through privatisation and deregulation.

Under the terms of the ‘bailout’, Greece is ‘up for sale’. From the national lottery to the port of Pireaus to swathes of Corfu, corporations are scrambling to get a piece of the action.’

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