The European Union, European Central Bank and International Monetary Fund, acting in behalf of the international banks, are demanding a new round of austerity measures against the Greek working class as the precondition for releasing the next installment of bailout funds, without which Greece will go bankrupt next month.
European finance ministers, meeting Friday and Saturday in Poland, refused to approve the disbursement of the 8 billion euro allotment because Greece, whose economy has collapsed as a result of the mass layoffs and social cuts already imposed, has failed to meet its deficit-reduction targets.http://www.wsws.org/articles/2011/sep2011/pers-s20.shtml
European finance ministers, meeting Friday and Saturday in Poland, refused to approve the disbursement of the 8 billion euro allotment because Greece, whose economy has collapsed as a result of the mass layoffs and social cuts already imposed, has failed to meet its deficit-reduction targets.http://www.wsws.org/articles/2011/sep2011/pers-s20.shtml
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