[mukto-mona] Vote in the Greek Referendum

FOCUS: Joseph Stiglitz | How I Would Vote in the Greek Referendum

Joseph Stiglitz, Guardian UK
Stiglitz writes: "European leaders are finally beginning to reveal the true nature of the ongoing debt dispute, and the answer is not pleasant: it is about power and democracy much more than money and economics."
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Joseph Stiglitz writes: We should be clear: almost none of the huge amount of money loaned to Greece has actually gone there. It has gone to pay out private-sector creditors – including German and French banks. Greece has gotten but a pittance, but it has paid a high price to preserve these countries' banking systems. The IMF and the other "official" creditors do not need the money that is being demanded. Under a business-as-usual scenario, the money received would most likely just be lent out again to Greece.
But, again, it's not about the money. It's about using "deadlines" to force Greece to knuckle under, and to accept the unacceptable – not only austerity measures, but other regressive and punitive policies. >>>


http://www.theguardian.com/business/2015/jun/29/joseph-stiglitz-how-i-would-vote-in-the-greek-referendum

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