Far from “bailing out” Greece, the impacts of eight years of harsh austerity are manifested in a marked increase in poverty, suffering, and want. And far from “ending,” the austerity measures attached to Greece’s three successive “bailouts” are slated to continue for decades to come.
The warmth displayed by authorities over the past month to visiting U.S. Vice President Mike Pence and the IMF, respectively, further proves that Ecuador is melting back into the arms of international financial interests.
QUITO, ECUADOR – Ecuador’s passionate re-embrace of the International Monetary Fund (IMF) offers one of the clearest and most dramatic signs that the country’s leadership is dead-set on shedding any vestiges of the “post-neoliberal” era it was said to have entered a decade ago during former President Rafael Correa’s Citizens’ Revolution. The