Michael Hudson on the Greek Tragedy as modern economic warfare.  Why bomb and plunder when you have financiers?

The Greek economy is not in jeopardy of collapsing it already has. H/T Naked Capitalism.

Direct reporting from BNN

And if having a shrinking economy for the last four years was not enough tough medicine (-7% growth last year) the EU is ramming even more onerous terms down Greek throats.

I will just say what Hudson above says, but in plain English. Until Greeks tell their creditors and their politicians doing the bag-man’s run to go fuck themselves  it is going to get worse, much worse