Greek debt crisis: French central bank governor warns of 'riots and chaos' if no deal is found

[PSPS]

27. Geesh! They're really going hard on this "catapult the propaganda" thing

And judging from most of the comments on DU, it's working. Most of the accusations being made about Greece's problems aren't true at all. "Lazy, greedy pensioners." Greece's demographics and pension system are roughly the same as other EU countries. Their median age may be a little older because many younger Greeks have left because there are no jobs. But, again, that's happening in other EU countries too.

The "bailout loans" that Greece is on the hook for here were never spent on anything actually in Greece. instead, they were used to bail out the lenders. When you boil it down, the real sticking point here is the refusal of the banks to take a haircut (i.e., lose some of the return they expected on their speculative investment.)

I'm sure Greek people are delighted to be given diktats from Berlin, of all places.

Greece is the first EU country to show some spine against what is becoming increasingly common around the globe, including in the US -- corporate rule. You know. "Eat your peas." Remember that little ditty? The primary goal here is to destroy Greece lest this movement spread to other EU countries like Spain, Italy, Portugal where similar sentiment is rising and elections are coming up.