[Marxism] Fwd: The Greek Coup: Liquidity as a Weapon of Coercion

2015-07-31 Thread Louis Proyect via Marxism 

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http://www.counterpunch.org/2015/07/31/the-greek-coup-liquidity-as-a-weapon-of-coercion/
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Re: [Marxism] Fwd: The Greek Coup: Liquidity as a Weapon of Coercion

2015-07-31 Thread Greg McDonald via Marxism 
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This sort of thing has been going on for quite some time . In The
Sleepwalkers, by Christopher Clark, the author writes:

fragile debtors like Serbia  (the same applied to the other Balkan states
and to the Ottoman Empire) could secure loans on reasonable terms only if
they agreed to concessions of fiscal control that amounted to the partial
hypothecation of sovereign state functions.

Not that Germany's terms are reasonable.
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