A reality based independent journal of observation & analysis, serving the Flathead Valley & Montana since 2006. © James Conner.
The European Union has offered Greece a deal it probably doesn’t want Greece to accept, writes Kevin Drum in Europe’s Message to Greece: Don’t Let the Door Hit You On Your Way Out.
The New York Times, Washington Post, Wall Street Journal, and Guardian have the details on the EU’s terms, which are harsh and punitive. Pensions must be cut, taxes must be raised, public assets must be sold off, and Greece must grovel again before the EU’s high priests of monetary morality will deign to even consider writing down Greece’s crushing debt.
Who loses most in this tragedy? Greece’s pensioners and poor.