As Greece prepares for elections on June 17 amid an overwhelming popular rejection of austerity, the ruling class is making secret preparations for a military crackdown against the workers. These preparations are taking place in parallel with more public discussions within the European Union on financial mechanisms to penalize Greece, should the Greek population vote to reject EU austerity demands.
An article published Wednesday in the right-wing Greek daily Kathimerini, “Euro Exit Scenario Gives Greece 46 Hours to Manage Process,” lays out a “synthesis of euro-exit scenarios from 21 economists, analysts and academics.” The newspaper writes that the introduction of a new Greek currency would need to be meticulously planned and carried out within a 46-hour window, over a weekend, in consideration of global stock market trading schedules.
There would be immediate moves to repress social opposition. The article states: “Over the two days, leaders would have to calm civil unrest while managing a potential sovereign default, planning a new currency, recapitalizing the banks, stemming the outflow of capital and seeking a way to pay bills once the bailout lifeline is cut.”
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