Posted on 08/18/2015 1:11:23 AM PDT by bob_denard
Greece’s third bailout in five years appears to be a done deal.
After months of bitter wrangling with creditors and European Union authorities, the Greek government is being thrown yet another financial lifeline weeks after defaulting on a payment owed to the IMF. Greece’s new ruling party, the hardline left wing Syriza Party, led by brash Greek Prime Minister Alexis Tsipras, swept to power at the beginning of the year, promising not to accept any further “austerities” (tax hikes, spending cuts, reductions in benefits, and the sale of state-owned assets) from international creditors. But in the end, after seeing their money supply cut off, Greece’s new rulers, cowed by the power of the international money cartel, has done just that.
(Excerpt) Read more at thenewamerican.com ...
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