Europe's emergency aid to Greece, A dual disappointment

« Older   Newer »
  Share  
FionaK
view post Posted on 22/5/2011, 01:44 by: FionaK




http://www.independent.ie/opinion/analysis...te-2628408.html

www.independent.ie/opinion/analysis...ng-2647439.html

This is interesting too. I heard a couple of weeks ago that the EU were exploiting those countries they were "bailing out"(see first link), and it surprised me, because in this country the general thrust of reporting has been that we are helping countries which got themselves in trouble at a time when we can ill afford it, having financial woes of our own. To the extent that this country contibutes to this "help" it now appears that we will make a fat profit from doing so.

This leads me to question the value of the european project: I cannot really see this as cooperative: it looks more like exploitation to me. As far as I know the european "aid" does not come with overt strings about privatisation, as the IMF and world bank loans do: but it is a distinction without a difference for the people of those countries since no alternative plan appears to be on offer.
 
Top
132 replies since 19/5/2011, 00:16   1612 views
  Share