Trojan Hearse: Greek Elections and the Euro Leper Colony

By Greg Palast, Truthdig

Europe is stunned, and bankers aghast, that the new party of the Left, Syriza, won Sunday’s parliamentary elections in Greece.

Syriza won on the promise that it will cure Greece of leprosy.

Oddly, Syriza also promises that it will remain in the leper colony. That is, Syriza wants to rid Greece of the cruelty of austerity imposed by the European Central Bank but insists on staying in the euro zone.

The problem is, austerity run wild is merely a symptom of an illness. The underlying disease is the euro itself.

For the last five years, Greeks have been told that, if you cure your disease—that is, if you dump the euro—the sky will fall. I guess Greeks haven’t noticed, the sky has fallen already. With unemployment at 25 percent, with doctors and teachers eating out of garbage cans, there is no further to fall.

In 2010, when unemployment was a terrible 10 percent, a year into the crisis, the “Troika” (the European Central Bank, European Commission and the International Monetary Fund) told the Greeks that brutal austerity measures would restore their economy by 2013.

Ask yourself: Was the Troika right?

There is a saying in America: Fool me once, shame on you. Fool me twice, shame on me.

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