Greece is the Latest Battleground in the Financial Elite’s War on Democracy

Today, equivalents to the gold standard – inflexible commitments to austerity – abound. In December 2011, the European Council agreed a new fiscal compact, imposing on all members of the eurozone a rule that “government budgets shall be balanced or in surplus”. This rule, which had to be transcribed into national law, would “contain an automatic correction mechanism that shall be triggered in the event of deviation.” This helps to explain the seignorial horror with which the troika’s unelected technocrats have greeted the resurgence of democracy in Greece. Hadn’t they ensured that choice was illegal? Such diktats mean that the only possible democratic outcome in Europe is now the collapse of the euro: like it or not, all else is slow-burning tyranny.

via Greece is the Latest Battleground in the Financial Elite’s War on Democracy.

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