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Thursday, 09/17/2015 6:21:52 PM

Thursday, September 17, 2015 6:21:52 PM

Post# of 19165
Interview: today (Thursday, Sep 17, 2015
5:00 PM) WBAI-FM NYC, "Behind the News" with Doug Henwood, interview with John K. Galbraith, economist, about the Greek situation since the capitulation to the latest bailout. (Download or listen is good for about 30 days on the archive).

It sounded very grim.
His opinion: the implementation of the bailout is bound to fail,
and seemed to feel Eurozone with unravel. That might mean a return to local currencies - I don't think he meant the EU, the Union itself, would unravel. And I think he opined that the banks would go down.

A few points:
1. Syriza did not betray the people, they capitulated in a power play where they had no other cards to play.
2. German high-level officials (like Schäuble) are completely out of touch the pain of austerity endured by the people (sound familiar?)
3. One pension services official resigned because "he could not countenance reducing the pension of handicapped pensioners to 87 Euros/month".

And so forth.

http://wbai.org/archive.php

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