Coup d’état in Greece — austerity is just Phase 1, then comes the looting

It Begins: The IMF-sponsored looting of Greece has begun.  They will “privatize” the railways, the water and sewerage services, the postal service, the airports, cut the wages and pensions for public workers, and increase sales, fuel and alcohol taxes and send them directly to the banks. (Source)

Greece plans to sell stakes in railway and water companies and the postal service to raise 3 billion euros ($3.7 billion) and help reduce a budget deficit that sparked the debt crisis across southern Europe.

“We decided to accelerate the privatizations process,” Greek Finance Minister George Papaconstantinou told reporters in Athens today. The government aims to raise 1 billion euros a year for the next three years from the sales. (Source)

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