Troika Pushes Panic Button on Greece and Spain

After four years of inflicting collective economic pain and misery on Europe’s semi-bankrupt periphery, the Troika (IMF, ECB and European Commission) is suddenly all in a lather over the potential political consequences of its disastrous economic policies: “I wouldn’t like extreme forces to come to power. I would prefer if known faces show up,” said European Commission president Jean-Claude Juncker…

Read the full article at Wolf Street.

7 thoughts on “Troika Pushes Panic Button on Greece and Spain

  1. It’s amazing how little Americans know about the years of austerity measures in Greece and Spain. All eyes should be on these countries to see what the corporate and financial elite have in store for the rest of us.


    1. Good point, Jeff. Ironically, the majority of RGBS readers are from the U.S. — which means that there must be at least a little interest. But as you say, U.S. citizens would well do pay more attention to what’s going on on the other side of the pond.


      1. True enough. My anecdotal comment was based largely on the blank stares I get from those to whom I’ve mentioned austerity and any country in Europe in the same sentence. Your readership is undoubtedly ahead of the curve. Keep on raging, Don Q.


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