Saturday 21 January 2017

Euro bondage

Published 11/02/2012 | 05:00

• It is reasonable to assume that when the details of what further cuts are going to be imposed on the Greek people to protect the wealth of the German and French corporate bankers are published, there won't be one single mention of cuts to the salary, pension or perks paid to the Greek president, prime minister, politicians or the swathe of public sector staff who are above a certain pay grade.

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Instead, it will be possible to draw a line along a certain income level and people at that line or above will again avoid any sacrifice while everyone below it will be sacrificed. Again.

It's the same line that the troika has used to such great effect in Ireland.

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