Bill Mitchell: The Greek colony remains in depression

“If one ever needed reminding of the colony status of the once magnificent Greek nation you just have to consider that statement.

The EU institutions consider it appropriate that democratically-elected governments in the EMU should ‘consult’ creditors first before they introduce any fiscal shifts.

That is such a perverted conception of democracy that it is hard to imagine any progressive person supporting this institutional structure and not demanding that it be abandoned – dissolved.”

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