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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsGermans begin the looting of Greece
(MarketWatch) To the victor goes the spoils.
The ink was not yet dry on the new European bailout accord for Greece before German companies started their plundering of Greek assets.
Per provisions of the agreement imposed on Greece, the Athens government awarded the German company that runs the Frankfurt Airport, Fraport, a concession to operate 14 regional airports, mostly on the islands like Mykonos and Santorini favored by tourists, for up to 50 years in the first privatization of government-owned assets demanded by the creditors.
The airport deal had been agreed upon last year by the previous Greek government and then suspended by Prime Minister Alexis Tsiprass newly elected government this year as part of his pledge to prevent the fire sale of valuable public assets at bargain-basement prices.
The airport deal gives Fraport the right to run the facilities as its own for 1.2 billion euros over the 50 years and an annual rent of 23 million euros. The German company is also pledging to invest significantly in upgrades for the airports. ................(more)
http://www.marketwatch.com/story/germans-begin-the-looting-of-greece-2015-08-21?dist=beforebell
GoneFishin
(5,217 posts)Nuclear Unicorn
(19,497 posts)Demeter
(85,373 posts)Tsipras is a traitor to his nation. Whether he was from the beginning or not, he is now and forever tainted by this massive failure.
Think he will be able to form a new government? I hope not. The Greek people may be confused and despairing, but to reward such a man....that would be truly crazy.
nxylas
(6,440 posts)The 0.01% would love to be able to show the world that you can't vote them out even if you want to. Capitalism without democracy is their goal, and regime change in Greece would be a major symbolic victory for them.
bemildred
(90,061 posts)Sometimes the money people lose to the power people or the military people. Sometimes the bankers lose (FDR, Iceland). Sometimes there is a revolution (Soviet Union, Cuba, France 1789, among many others). Sometimes the people throw them all out in an election and start to make real reforms (Ecuador, Chile, Bolivia, Venezuela).
GoneFishin
(5,217 posts)malaise
(269,056 posts)WinkyDink
(51,311 posts)zeemike
(18,998 posts)And that capitalism has become a beast that will devourer the whole world.
hifiguy
(33,688 posts)This is just a trial run to polish up the processes and methods for the implementation of the New Fascist Feudalism.
World conquest without firing a shot. All the real estate is left in good condition and there are nice, large captive populations of soon-to-be-virtual-slave laborers to serve their plutocratic betters.
Sit down, shut the fuck up and eat your cabbage, pigs.
And NO BEGGING.
Fred Sanders
(23,946 posts)And repairs the house before leaving.
zeemike
(18,998 posts)With interest.
whatthehey
(3,660 posts)Can't blame a lender for wanting repayment.
And no "debt" forgiveness of Germany after WW2 is not analogous. That was not repayment of loans, but essentially a fine for losing a war.
zeemike
(18,998 posts)Who lend money for profit.
And in this case they not only get the profit from the interest but the profit from the property once owned by the state...it is called debt slavery.
But of course we practice it too...even back in history with the company store right up till now with student debt. Keep people in debt to you and you own them. And soon them and their personal property.
That is why we don't have family farmers anymore...ADM owns most of the good farm land and the functions of government have been privatized including the military.
hifiguy
(33,688 posts)That is the wrong model.
The correct model to use in this case is Mafia loan-sharking. You borrow money and can't pay, so they loan you more money, part of which you use to pay the initial debt, the rest of which is subject to an even more outrageous interest rate. Every dime you borrow goes right back to the loan-shark - the borrower NEVER SEES A DIME OF IT. It's a never-ending downward spiral.
hifiguy
(33,688 posts)yet so many resist seeing it for what it is.
Triana
(22,666 posts)hifiguy
(33,688 posts)He gets it.
Fuddnik
(8,846 posts)Selling off public assets like highways, parking meter concessions, education, prisons, ..........
Neo-liberal economics at it's finest. Coming soon to a country near you. All to keep corporations and the rich from paying taxes.
randome
(34,845 posts)Massive tax fraud helped them into this situation. Which just goes to show that greed truly is an intrinsic part of modern humanity.
The situation is deplorable but it's too simplistic to say that the Germans are out to 'get' Greece or that only greedy corporations are to blame or that capitalism is some sort of disease that infects only certain types of people.
Corporations are not people but they are composed of people. It's the people of Greece who allowed this situation to develop.
Tsipras is an idiot. He made things even worse, which is kind of hard to believe, but true.
[hr][font color="blue"][center]You have to play the game to find out why you're playing the game. -Existenz[/center][/font][hr]
Nuclear Unicorn
(19,497 posts)"modern"?
randome
(34,845 posts)Maybe we can't but I think it's important to keep trying anyways.
[hr][font color="blue"][center]You have to play the game to find out why you're playing the game. -Existenz[/center][/font][hr]
Nuclear Unicorn
(19,497 posts)the other guy -- and I can't help but believe we do it to keep from examining ourselves.
randome
(34,845 posts)[hr][font color="blue"][center]You have to play the game to find out why you're playing the game. -Existenz[/center][/font][hr]
closeupready
(29,503 posts)I'd like to think the Greeks are being victimized, and to some extent I do think they are, but to a larger extent, they created this mess on their own.
pampango
(24,692 posts)and don't like it.
Greece has many problems. They were caused by themselves (largely their own oligarchs refusing to be taxed) and by others. The solution will be complex and long term. It will have to involve debt reduction though most are not willing to discuss that at this time.
GoneFishin
(5,217 posts)could go deeper into debt.
The Greece populace had absolutely nothing to do with Goldman Sachs' (SOP for them) decision to behave unethically.
whatthehey
(3,660 posts)All they had to do to keep GS out of it completely was not borrow more than they could afford, and not deliberately ask GS to pretend that they could afford it.
GoneFishin
(5,217 posts)at the top who pay no price for their treachery.
Nuclear Unicorn
(19,497 posts)All the Greek government had to say was nothing. If the cops offer you money to break the law it's entrapment and the case would be dismissed. Here is a government -- the maker of law -- soliciting a service.
Is what GS did bad? Yes -- but it started and ended with the Greek government seeking to defraud its creditors.
Demonaut
(8,919 posts)GermanWatcher
(61 posts)... for voicing an objection: It's not the Germans. It's German corporations and conservative politicians. (Know that pattern?)
I can assure you that I'm not about to embark on a looting raid, nor am I or any of my friends or family planning too.
In fact, there are a lot of Germans that are ashamed of the disgraceful role the government has played in the crisis talks.
bemildred
(90,061 posts)It is always important to get clear about who it is you are angry with, and it is not ordinary Germans.