"This Is Not A Program to Salvage the [Greek] Economy, It's a Program for Pillage Before Bankruptcy"

Washington’s Blog

 

The best quote on the Greek parliament's vote of confidence for Prime Minister George Papandreou - and thus his austerity plan:

"This is not a program to salvage the economy, it's a program for pillage before bankruptcy," said Alexis Tsipras, head of the small opposition Left Coalition.

It's not just Greece.

As PhD economist Michael Hudson said in 2009::

  • The giant financial institutions have already killed their host - the real American economy
  • Since they realize that the American economy is dead, they are trying to suck as much blood out of America as possible while the corpse is still warm
  • Because the American economy is dead, their plan is to soon jump to another host. They will ship all of their money overseas

And see this and this.