Banks and EU Leaders Pressure Greece for More Austerity
Submitted on January 23, 2012
By Stefan Steinberg - WSWS
Over the last week, finance organizations, the banks, European heads of state and leading European Union (EU) officials applied intense pressure on Greece for more punitive austerity measures, including public sector lay-offs and privatizations. They are demanding more of the same budgetary blood-letting which has had catastrophic consequences for Greek workers over the past three years.
