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article imageNoam Chomsky: Germany imposing economic slavery on Greece

By Katerina Nikolas     Apr 13, 2013 in World
American philosopher Noam Chomsky has accused Germany of imposing economic slavery on Greece, with the ultimate goal of snatching Greece's resources.
To Vima reported Chomsky gave a speech in Dublin in which he stated: "The ultimate aim of the German demands from Athens, under the management of the debt crisis, is the rapture of the resources of Greece."
Chomsky went on to add that some people in Germany, who want to have anything of value in Greece, are "imposing conditions of economic slavery and psychological pressure on the Greeks."
His words are borne out by new hourly wage costs in Greece, released this week, which show wage costs have fallen by 11.2 percent. Eurostat released the figures which showed that across the eurozone the only decrease in hourly wage costs was in Greece. Whilst average wage costs across the eurozone were €28 per hour in 2012, rates are now falling in Greece to a parity with wage costs in Bulgaria where the hourly rates is €3.70. However, the cost of living in Greece remains much higher than that of other lowest wage countries, Bulgaria and Romania.
In addition to troika demands for lower wages and higher taxes in Greece, the country is forced to sell off national assets at fire-sale prices, in order to service loan repayments.
This is not the first time Chomsky has spoken out regarding what he considers failed troika policies imposed on the southern Mediterranean countries. Reinform reported Chomsky said in an interview last year that the “Greek population is being squeezed beyond the capacity to endure,” adding that Greece is “being driven down to living standards of the 1960s.”
According to To Vima Chomsky now suggests the Mediterranean countries form a bond to put an end to the "inhuman demands of the North."
More about Noam Chomsky, Germany, Greece, economic slavery, troika
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