this post was submitted on 22 Jun 2024
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It is also what you get when people vote left, and the reaction of the rest of the EU is to punish the whole country by imposing upon them even worse creditor conditions, lest people in other countries get funny ideas and a Conservative government gets put in check. Greeks have turned into this direction because the alternative got shot dead, and the people who had hope for it no longer have any.
Greece is getting degraded not be the EU but by banks in the EU. Big difference.
The Central European Bank is governed by the EU. During their debt restructuring negotiations from around a decade ago, Greece's government negotiated with the other EU governments, not with private banks.
On paper yes. In reality it's governed by the largest banks. Which also have undue influence over national governments.