This article by Marea Socialista was originally written for the paper of the Argentinean MST, Alternativa Socialista. Marea Socialista is a revolutionary current in Venezuela that gives critical support to the Bolivarian government.
Greece-Germany: who owes who?
1 October 2012, bySince 2010, in the stronger countries of the eurozone most political leaders supported by mainstream media have flaunted their so-called generosity towards the Greek people and other weaker countries in the eurozone that are currently in the limelight (Ireland, Portugal, Spain…). In this context, measures that further destroy the economy of recipient countries and involve social regression on a scale unprecedented over the past 65 years are called ‘rescue plans’. To this we must add the ripoff of the March 2012 plan to reduce the Greek debt – a plan that involves a 50% reduction of debts owed by Greece to private banks whereas these same debts, if negotiated on the secondary market, had lost up to 65 to 75% of their value.