The Bitter Fruits of Greece's "Stabilization"

Frederick Reese Mint Press
In moves likened to the privatization of East Germany’s state-owned enterprises following unification, international finance has placed the privatization of Greece's public sector, one of the most developed in Europe, in the hands of the Hellenic Republic Asset Development Fund (TAIPED). This "extra-legal organization" has close ties to the banks and no accountability for the impact of so-called austerity measures on Greece's increasingly impoverished population.