Syriza's climbdown: Greek control handed to Europe - Paul Mason (Episode 16)

Greece will have to implement the tough austerity measures demanded by its lenders, plus hand €50bn of assets to a privatisation fund, where sales will be used to pay down debt.

[bronzenrule]

Thanks for being on top of the story and sharing your perspective, Paul!

[SiskinOnUTube]

Europe must surely worry that dawn is on the horizon. Maybe not. Sad.

[theonewhoyawns]

As Boris Johnson thinks when he says UK PLC the technocrats in Europe now see even states as nothing more than companies that need restructuring and its citizens as simple consumers.

[sackfulofnews]

Finance being used as a weapon is one of the many disadvantages of a modern society.

[micoforion]

I guess it is a best result Greece could have hopped for if it is to remain in the Eurozone, alternatives aren't good. As to how Greece is going to rise finances is a very good question, the good thing is Syriza manged to re-negotiate debt repayments, and interest on that debt, even by selling nation's silver in form of prioritization of state assets.

Greece has little to offer in that department, for it has very little industry and even less exports, perhaps there should be some form of negotiations on restructuring debt in such way that Greece can afford to maintain. It'll take several generations for Greece to bring debt under control, what Greece needs now is public finance reform and major anti corruption drive. 

Greece has 28-30% unemployment rate, I am sure corrupt officials can be fired and honest hired from pool of 1.3 million out of work largely qualified workers.

[shumble]

Will the Greeks now have to pay their personal tax like everyone else?

[TSystem]

Very good analysis. This is a tragedy and this is a eurozone that many are today now very ashamed of. This will just lead to perpetual crisis and preservation of German fiscal hegemony in europe.

70 years ago we understood the benefits of cooperation and sharing in the aftermath of WW2 - and it led to the "golden age" of capitalism. Nothing good can come from this.

[MrStooge.]

There is no money, only debt. It is all artifice. What will finally stop it I wonder?

[Martial-Mat]

Well well, as I said all along - you can't simply vote to ignore the obligations that you have accepted.

[AutonomousVoice]

Parliamentary 'socialism' is dead.