{"id":13597,"date":"2010-05-08T09:34:51","date_gmt":"2010-05-08T15:34:51","guid":{"rendered":"http:\/\/karmalised.com\/?p=13597"},"modified":"2010-05-08T09:34:51","modified_gmt":"2010-05-08T15:34:51","slug":"wsf-international-council-solidarity-with-the-greek-people-against-financial-markets","status":"publish","type":"post","link":"http:\/\/karmalised.com\/?p=13597","title":{"rendered":"WSF International Council: Solidarity with the Greek people against financial markets"},"content":{"rendered":"<p><strong>8 May 2010<\/strong><\/p>\n<p>The financial markets have been targeting Greece for several months. In order to \u201creassure the markets\u201d and \u201crestore trust\u201d, the European Union and the IMF have imposed a drastic austerity \u201ccure\u201d on the Greek people. Retirement age will be postponed to 67 years and pensions will freeze. Public sector wages will be reduced by 15% and layoffs in the private sector will be made easier. The value added tax (VAT) will rise from 19 to 21%. Other measures of this kind are planned. This austerity plan will plunge Greece\u2019s economy into depression and will lead to a social disaster.<\/p>\n<p>We know this from experience: the crisis in Greece is just one more example of decades of financial turmoil, which has devastated and further indebted countries across the globe, particularly in the global South, including the debt crisis of the 80s, which has permanently indebted many countries in Africa and Latin America, the Mexican, Asian and Russian financial crises of the late 90s, the Argentina crisis of 2001-02. These are not isolated events but the result of the actions of unregulated and voracious financial markets.<\/p>\n<p><strong>[<a href=\"http:\/\/www.cadtm.org\/Solidarity-with-the-Greek-people\">Read more<\/a>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>8 May 2010 The financial markets have been targeting Greece for several months. In order to \u201creassure the markets\u201d and \u201crestore trust\u201d, the European Union and the IMF have imposed a drastic austerity \u201ccure\u201d on the Greek people. Retirement age &hellip; <a href=\"http:\/\/karmalised.com\/?p=13597\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-13597","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pdXTf-3xj","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/karmalised.com\/index.php?rest_route=\/wp\/v2\/posts\/13597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/karmalised.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/karmalised.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/karmalised.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/karmalised.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13597"}],"version-history":[{"count":3,"href":"http:\/\/karmalised.com\/index.php?rest_route=\/wp\/v2\/posts\/13597\/revisions"}],"predecessor-version":[{"id":13600,"href":"http:\/\/karmalised.com\/index.php?rest_route=\/wp\/v2\/posts\/13597\/revisions\/13600"}],"wp:attachment":[{"href":"http:\/\/karmalised.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/karmalised.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13597"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/karmalised.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}