The Phaserl


Crisis Report from a Greek Island

Many people are suffering due to the debt crisis. Even the weather and the soil cannot be relied upon.

by Ann Diamond, Henry Makow:

It feels like any other summer, people are strolling in the plateia, yachts in the harbour, restaurants opening. All is calm on the surface, but this past week Greeks were finding new places to invest their money: flower pots, mattresses. My Greek friend “Zorba” was in the port and spoke to a woman who said ‘Haven’t you taken all your money out of the bank yet?”

Crisis: a greek word meaning “decision”.

The far-left government of Alexis Tsipras had just declared the Greek debt to the IMF Troika ‘odious’ and ‘illegal’ meaning the country was headed for default. So last Friday ‘Zorba’ stood in line to withdraw his paltry savings, and now they’re in an empty dog-food can in our kitchen.

Rumours were flying that when (or if) the banks reopen on Monday, there will be no more Euros, and the country will be back on the drachma. The European bankers were sharpening their fangs. Monday came – that was this morning — with news of a reprieve. A late-night, last minute, €18 billion bailout offer could postpone disaster for another six months.

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