Posted on May 11, 2010 By William Pfaff
"...Europe now has Sarkozy and the French government, which put this deal together while the Germans gnashed their teeth. He insisted that a self-governing currency was as dangerous as a market left totally free to regulate itself, expected to do so in the interests of all because it infallibly pursued the interest of each—otherwise known as the Reagan-Greenspan-Ayn Rand-School-of-Chicago fantasy. Now the world has Dominique Strauss-Kahn running the IMF, Jean-Claude Trichet running the European Central Bank, and Sarkozy performing a miracle in Brussels...."
* MAY 12, 2010, 10:35 A.M. ET
3rd UPDATE: Greek Unions Call New Strike Amid Economic Woe
"...On Wednesday, Greece was due to receive its first EUR5.5 billion disbursement from that loan package, and the government has formally requested another EUR14.5 billion to help meet debt and cash needs this month..."
Got that? Not a bailout, but a loan package. Wait and see what happens to the Greek people while the Chicago Boys banksters profit from the misery in Greece.
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