Greeks Continue to Suffer Under Eurozone Austerity

This is a re-post from Patriot in Exigency posted earlier today.  

We Greeks have voted ‘No’ to slavery – but ‘Yes’ to our chains.Not surprisingly, by nearly two-to-one, Greeks have overwhelmingly rejected the cruel, economically bonkers “austerity” program required by the European Central Bank in return for an ECB loan to pay Greece’s creditors. In doing so, the Greek people overcame an unprecedented campaign of fear from the Greek and international media, the European Union (EU), and most of our political parties.What’s simply whack-o is that, while voting “No” to austerity, many Greeks wish to remain shackled to the euro, the very cause of our miseries.

                                                                              --    Michael Nevradakis in Athens



The Greek people, suffering along with so many in Europe, have demonstrated they don't appreciate the austerity measures demanded by the Eurozone.  But as Michael Nevradakis and Greg Palast have explained, it is the Euro itself, and the economic regime behind it which are the problem.  

Fortunately, Pres. Obama took another route in the U.S. in 2009, and Americans as a whole are better off economically than many Europeans.  In short, cutting everything from wages to pensions simply does not work economically.  

It is time for Greece to say "Bye-bye" to the Euro and the economic (capitalist) vultures.