The far-right in Greece is being used as a scare tactic against the radical left and the prospects of a popular rebellion by the elites. The war of the elites is not against fascism - or racism, for that matter. The existential threat to their regime comes principally from the prospect of a popular uprising which should have been underway already.
As The Mud Report has said before the solution for Greece to its elite induced debt is to gallop out of the Euro, to re-establish the Drachma so its value can be allowed to be cut. An article, 'Argentina's Model, an Alternative to Austerity', two days ago by Mark Weisbrot gives great voice to the same argument and shows clearly that Argentina's record levels of employment and massive reductions in poverty have little to do with exports. All the beleaguered Euro-zone economies now suffering under the policies currently being imposed – especially the weaker ones – are similar to what Argentina went through during the depression that led to its default and devaluation.
Argentina's population stood up to their elites and threw them out of power despite exactly the same 'chicken little' type scare mongering by the IMF and World Bank. Now a decade later Argentina is leading the western world in growth, not simply economic growth, but growth in pride, growth in achievement and is a shining example for all of us everywhere that scares the 1% who sees that it's nearing the end of its reign of terror everywhere.
