Funny that the strings that come with the IMF’s “aid” always seems to set up bargains for wealthy investors:
Buyers’ market as Greece starts assets fire sale
If the rioting Greeks can be made to swallow this “medicine”, anyway.
Still, are we really convinced that they should accept the “deal”? It’s a loan, not a gift. The “austerity measures” aren’t merely taxing more and spending less – they’re also “privatise everything” and “sod the poor”, and they appear likely to make it even harder for Greece to recover. Greece may presently have an comparatively low retirement age that makes for easy bashing – but the “austerity measures” go far, far further than that.
And, frankly, Europe can’t afford not to “bail them out” (with a huge loan on which they’ll incur enormous interest and which they must eventually repay). Maybe the protesters are right. Maybe they don’t need to swallow everything that’s being forced down their throats.
Maybe they’ve got little to lose from calling their bluff.