GREEK POLICE INJURE 500 PROTESTORS AGAINST THE EURO BANK TAX

A video showing a Greek riot police man smashing a protestor  on the head with a truncheon is just one incident of police brutality caught on camera in Athens yesterday when police injured more than 500 protestors against punitive EU, IMF and ECB austerity measures for the profit of banks.

http://www.youtube.com/watch?v=-2j67t7dHwc

Germany’s Der Spiegel estimated that if Germans had to implement the equivalent austerity measures of 450 billion euros, it would lead to a “total collapse of the economy” and Germany would become “ungovernable”.

http://www.spiegel.de/wirtschaft/soziales/0,1518,771396,00.html

“Whoever drains an economy of so much money in such a short time kills everything,” Gustav Horn, head of the Institute for Macroeconomics and Conjuncture Research (IMK) told Der Spiegel.

Red Cross doctors said about 500 people were treated for injuries and breathing problems after riot police drenched crowds in tear gas, and chased, cornered and attacked peaceful protestors. 

Police also threw tear gas canisters into a subway station where crowds had run for shelter. An assault by police also forced the Red Cross doctors to flee the main square outside the Greek parliament.

http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_28682_29/06/2011_396424

A video of riot police shielding several men carrying iron bars offers further proof that undercover police are acting as agents provocatuers and provoking violent confrontations to justify the use of massive police brutality against people demonstarting peacefully against austerity measures passed by the Greek parliament yesterday.

http://www.ekathimerini.com/4dcgi/_w_articles_wsite3_1_30/06/2011_396483

Greek people compared the police brutality to that experienced in the era of the military dictatorship.

In an interview with Russia Today, financial journalist Demetri Kofinas talks about the „financial occupation“ of Greece, the need for a restoration of „national autonomy“ so that the country can adopt economic policies that benefit the people of Greece and not American, German and French banks.

In spite of all the overwhelming fact that Greece is insolvent and cannot afford to continue to make gigantic interests payments to banks and needs urgently to be put through an orderly default, the Greek socialist party PASOK greenlighted drastic austerity cuts for the banks yesterday, deepening the division between the people and the parliament and setting the stage for ever more violent confrontations.

Riot police and under cover police  agents attempted to systematically terrorise demonstrators against the bank tax in a pattern that could also be used in Ireland, Portugal and other countries that are set to fall into the eurozone bank debt death trap.

Today, the ECB chief Jean-Claude Trichet said the ECB would raise interest rates, further choking off the Greek, Irish and Portuguese economies even though most of the inflation in the eurozone is being caused by futures trading in commodities.

The ECB holds an estaimted 70 billion euros of Greek souvereign debt and has lent more than 400 billion euros to essentially insolvent Greek, Irish, Portuguese and Spanish banks against junk collateral.

If Greece were to default and the trickle of interest payments dry up, the ECB would have to write down these losses, become insolvent and the eurozone tax payers would be confronted with the astronomical bill for the bank’s profligacy.