For Sale: Nice Country, Good Sea View
From bail outs to buy outs; how much is an entire country worth? After a draft on a new bailout plan for Greece fails, a complete buy out and overhaul is on the horizon. The eurozone’s bailout fund has run dry in an attempt to stop the debt crisis from engulfing larger countries like Spain or Italy. But seriously, who can buy an entire country? What will happen to the people, culture and language?
American President Barack Obama, French President Nicolas Sarkozy, Greek Prime Minister George A. Papandreou and German Chancellor Angela Merkel entered a private meeting at the EU summit on July 21, 2011 at the European Council headquarters in Brussels to discuss the terms of the planned buy out. The draft, which was seen by the Associated Press Thursday, says both private and governmental creditors have agreed to contribute to a complete buy out of this floundering country. According to the draft, leaders are ready to extend the average maturities for Greece’s official loans and merely add it to the trillions of dollars the Americans are already in debt, at an interest rate of 3.5%. The draft also foresees a new rise for both the American dollar and Euro as precautionary credit lines and the right to buy bonds on Greece go on the open market.
The draft doesn’t directly address the welfare of the Greek people who still inhabit the country, nor has it mentioned a change in Greece’s name, language or culture. Although knowing the Americans, the culture and language will be all but lost. The draft does go on to mention that there are plans for the dollar to replace the euro (in Greece only). A new military base was already in the planning stages, but it seems that the greedy Americans can’t stop there. Soon another thousand deadly fast food restaurants and barely palatable coffee shops will take over the already narrow streets.
Time again to dust off the welcome mat for the American giant. It’s not that the American menace isn’t already everywhere, it is just sad to see an entire country lost to this capitalistic pig. It seems that the power and desire to consume has no limit. The euro will be saved for another day but at the cost of millions of lives. Though this may not be a factual reality, the reality still exists that our world is in a dire economic state and is getting worse. Greece is just the tip of an all consuming iceberg; other countries that seem stable at the moment are failing and there isn’t a good solution or pile of money that we can throw at the problem to make it disappear.