Sunday, July 8, 2012

Greece is Being Fleeced

Greece is Being Fleeced

The international banking cartel has financially crippled Greece to the point where they must sell-off valuable assets. This sell-off provides no guarantee that Greek unemployment numbers will decrease or that the economy will rebound. It just means that they will have to pay some "hidden black hand", rather than their own government.

The money raised through this sell-off will in all likelihood pay-down some of the Greek sovereign debt. The Greeks will then have no assets, nor any money in the government coffers. They will have been fleeced. The Ponzi game works so amazingly well. No matter what government is put in power, they all become pawns in the game.

By Demetris Nellas, The Associated Press

ATHENS, Greece - Greece's three-party coalition government will try to get the economy out of its deep recession by encouraging private investment and making privatizations its "highest priority," finance minister Yannis Stournaras said Saturday.

"The privatization program aims at attracting important international capital that will be invested mainly in property development and infrastructure," Stournaras told parliament on the second day of the debate on the new government's policy platform.

He said the government plans to give priority to 28 privatizations, including the state natural gas, water and betting companies, the development of the former Athens airport, other airports, yacht marinas, the state railways and the sale and leaseback of 28 state properties. The privatization of Public Power Corporation will come at a later stage, Stournaras said.

Thank you,
Joseph Pede

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