The Unelected and Unaccountable Men Who Decide Our Fate
Laura's blog on August 2, 2015
In Greek myth, the Fates, the Moirai, are three sisters – Clotho, Lachesis, and Atropos – who spin, measure and cut the thread of life for every person born. Their rule is law; even the gods, so the legend has it, have no power to bargain with the one who cuts the thread and ends the life. Her name, Atropos, means ‘she who cannot be turned’.
In Greece today, others are making the life-or-death decisions. It is not the three sisters of ancient folklore, but a bunch of men in suits now wielding the power to uplift or cast down an entire nation and its millions of citizens. I would like to shine a little light on just two of these groups of (mainly) men who have had the most impact on the recent decisions to bring Greece to the brink of bankruptcy, default and catastrophe.
First we have the ESM, the European Stability Mechanism, which presents itself as a fund to ‘rescue’ EU member states in financial straits. In truth, it imposes crippling loans in exchange for austerity measures, ultimately to facilitate the transfer of public assets – land and resources as well as funds for education, healthcare, infrastructure and pensions – into the hands of private investors...