“Who do I call if I want to call Europe?” This famous question attributed to former U.S. secretary of state Henry Kissinger has an obvious answer today: Angela Merkel, the conservative German chancellor.
The economic crisis began in the United States under the administration of then-President George W. Bush, following the collapse of the Lehman Brothers Bank. It came as a result of unregulated globalisation and a neoliberal ideology that places usurious markets, offshore bank accounts, and money for the sake of money, above state power. It is an ideology that ignores citizens, even as they starve.
Like a person on life support whose vital functions are failing, the Greek economy is slowly but surely shutting down as radiation from the so-called ‘austerity plan’ erodes public institutions.