Friday, April 10, 2015

Someone Crunched the Numbers on What the Bankers Did to the Greeks, and the Results Will Blow You Away | Alternet

OK, well maybe not. This is what bankers do.

If there's one country in the Western World that is a poster child for what austerity can do to an entire society, it's Greece. The country has been subject to strict austerity programs imposed on it by the rest of Europe, at the behest of finance kingpins who caused the financial crisis in the first place.

The blog Keep Talking Greece looks at a report put out by the Germany Institute for Macroeconomic Research that tallies up the damage from the austerity regime between 2008 and 2012. Here are some of the key findings:
Greek Poor Lost Almost All Of Their Income, The Rich Fared Better: Although sloganeering for austerity often invokes the need to tighten belts, not everyone in Greece had to tighten quite so much. The poor lost 86 percent of their income, but the richest Greek households lost closer to 17 to 20 percent.

The Poor Were Hit With A Huge Tax Hike, The Rich Only A Tiny One: The poorest Greeks were hit with a 337 percent increase in taxes, while the richest saw their taxes increase by only nine percent.
Complete story at - Someone Crunched the Numbers on What the Bankers Did to the Greeks, and the Results Will Blow You Away | Alternet

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Recommended Reading via Amazon

If you're seeking more information about how the world really works, and not how the media would want you to believe it works, these books are a good start. These are all highly recommended.

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1. The Shock Doctrine - Naomi Klein
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3. Manufacturing Consent - Edward Herman, Noam Chomsky
4. Gladio - NATO's Dagger at the Heart of Europe - Richard Cottrell
5. Profit Over People - Noam Chomsky
6. Soviet Fates and Lost Alternatives - Stephen Cohen
7. The Divide - American Injustice in the Age of the Wealth Gap - Matt Taibbi

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