We feel for the people of Greece, as we watch our own country slowly disintegrating before our eyes (ie; Detroit, Stockton CA). We can only hope that the people of Greece can find a way to recover, and get out from under the financial tyranny that has befallen their country. Seems like the whole world is “Surrounded”, everyday more and more stories coming out about prosperity’s plunge back in time back to “serfdom”. Of course the 1% has always enjoyed prosperity throughout civilization’s recorded history. Watching Greece and Cyprus being “picked apart” has that same “vibe” as the carpet bagger days in the American South after the Civil War. Is this really the best we can do?
Don’t the international financiers have enough financial strength and assets to find a solution to these problems without stripe mining the infrastructure and dignity of entire nations? Turning people into tax slaves has only proven to lower productivity and eliminates motivation to excel and innovate.
Let us PRAY that this same formula does not become the “norm” for the citizens of America, (some would say that sadly we are already very far along in this process).
Here are some direct quotes from this article about Greece;
“The Greek government has been trying in recent years to sell everything short of its historic Parthenon in an attempt to climb itself out a massive debt hole.
Now, facing mounting pressure from international lenders to speed up its national yard sale, the government has announced it would begin the tender to sell the Hellenic Railways Organization, known by its Greek acronym OSE, by the end of the second quarter.
Development Minister Costis Hatzidakis and Yiannis Emiris, managing director of Greece’s privatization fund, Hellenic Republic Asset Development Fund (HRADF), said the government would like to see an investor by the start of 2014 if not sooner, according to the Greek news site ekathimerini.com.
The county had considered last year breaking up its rail assets and selling them separately after Russian, Romanian and French entities declared interests in all or part of the network, according to Reuters.
The OSE owns and maintains the country’s rail infrastructure except for the Athens rapid transit lines. It consists of about 500 freight and passenger routes on 2,500 kilometers (1,553 miles) of railways. The country also considered following Britain’s privatization strategy of breaking up the network into a series of slots, but now it seems the country is seeking one bidder for the whole shebang. ”