24-11-2016
IMF, ECB and European Commission have achieved to persuade the public opinion since 2010, that the “stability programs” which have been implemented in Greece included the right recipe for the recovery of the greek economy. The unfailing source of “wikileaks” brought to light a classified e-mail sent to Hilary Clinton on the 8th May 2010 by one of her advisors, which proves that “the EU-IMF-USG consensus hope motivating the Greek bailout is that it will buy time for Spain, Portugal, etc.” .
Check the following link https://media.enikos.gr/data/files/246ef8e14c8f343ba71a6e281825b368.pdf
After six years of implementation of the so called “emergency policies” this e-mail reminds us of the fact that the loan conditions granted to Greece only served to ensure that the country will be in position to repay its lendors, i.e. mainly the german and french banks and not to adjust the greek economic policies in order to overcome the problems, which caused the debt crisis.
Moreover, this e-mail reffers to a prophetic article written by former IMF Chief Economist, Simon Johnson, dated 6th May 2010, which argues that “The Greek “rescue” package announced last weekend is dramatic, unprecedented and far from enough to stabilize the euro zone“. It would be useful for everyone who is looking into “what went wrong with Greece”to read this perceptive article and ascertain that its predictions have been fulfilled.
From my point of view, I would like to stress the Clinton’s advisor’s conclusion, expressed six years ago, at the beginning of the present crisis which put in doubt the european union : “the EU has no playbook for most of the pressing questions it faces…” . –