For the past three years, Greece's quisling governments have been pursuing a policy of harsh austerity at the behest of the IMF and Germany. And the result is entirely predictable: total economic collapse:
Greece is predicting its economy will shrink by much more than previously estimated this year.
Its economy will contract by 6.5% this year, worse than a previous estimate of 4.8% in March suggested to its bailout lenders, it said in a draft budget submitted to parliament.
Greece also said its economy will shrink for a sixth year in 2013.
All told, Greece is looking at having lost 30% of its GDP in the past 5 years. Unemployment is over 23%, and over 50% among young people. 700,000 households - about 1.5 million people - have no income at all. And that number is growing.
The IMF and Germany's response to this? More cuts, of course. Its pure madness.
(Meanwhile, those cuts aren't impacting on the rich - in fact, they're getting tax cuts at the expense of everybody else. There's no doubt as to whose interest the quislings are governing in...)
Its time this farce ended. Greece should renounce its debt and tell the IMF and Germany to go fuck themselves. This austerity programme isn't helping Greece – its crushing it. And its not as if default can be any worse than what is happening now.
