No more orders or austerity from Europe, Greek PM says

[potone]

38. It's disaster capitalism.

Yes, Greece is partly to blame because of widespread tax evasion and bloated bureaucracy, but the broader goal of the financial institutions was the privatization of state property, to be sold at fire sale prices, and particularly the privatization of precious resources, in particular, water. There was a very interesting documentary on this called "Krisis". You may be able to see it on You Tube.

Tsipras, Varoufakis and the rest of Syriza's cabinet and MPs are determined to put a stop to that agenda. Tsipras has a very difficult job ahead of him, but if he succeeds in getting Greece out of the austerity trap this could be the beginning of the end of the ascendency of neoliberal economic theory and policies. That is why Greece is under so much pressure by Germany and is being watched so closely by the rest of Europe. It is the mouse that roared! If they succeed, others--almost certainly Italy and Spain--will follow.

I celebrate their victory in the election and I wish them all the best!