By Christiaan van Huyssteen (@cvh23)
Greece has been pushed to the brink by the mounting debt the government has to deal with. Despite
It should be the Greek people that are reeling by another, even greater stunner, just spoken by the Greek PM during his TV interview: an admission from the chosen Greek “leader” that Greece, as a
sovereign nation, no longer exists:
- GREEK PM TSIPRAS SAYS LENDERS GIVE A MESSAGE THAT IN COUNTRIES UNDER A BAILOUT THERE IS NO POINT IN HOLDING ELECTIONS
So the Troika makes it clear that countries under a bailout, such as a Greece was and is about to be indefinitely again, democracy is finished and the country becomes a sovereign ward of a few unelected bureaucrats, and the Greek “prime minister” who also just admitted he is now nothing but a puppet of Greece’s new unelected leaders, is Ok with this.
When a business or an individual has debt problems, they can negotiate new terms with their creditors, or simply default and surrender their assets to their creditors. With governments, this procedure is a little less obvious. Are the Greek people responsible for the debt, or is the Greek government? Are the people not the government? Should the government (or thepeople who voted for the government) which so liberally racked up the debt be punished? How can they? Under a democratic government there is rarely any meaningful accountability. This is why debt can become such a demon and result in a loss of democracy.