The Western financial mafia rewards the bankrupt Greece at the same time it sinks the Turkish economy - guess why
As we mentioned recently, credit ratings agency Standard and Poor's has upgraded its outlook on Greece to positive, citing improved policy predictability and economic prospects. The agency said that this reflects a possible upgrade if the authorities unlock Greece's growth potential by boosting competition in product markets, bolstering property rights, simplifying bankruptcy procedures and improving the enforcement of contracts.
We are talking about the country that was excluded from the markets and entered the disastrous IMF program supervised by its creditors (ECB, European Commission, IMF), with a debt at 120% of GDP. Guess what: now the euroclowns decided that the country no longer needs to be in the program with a debt at 180% of GDP! And the rating agencies of the global financial mafia decided to upgrade Greece!
Just when the ruined Greek economy was left alone to swim with the sharks of the “free markets”, the mechanisms of the Western imperialism rushed to provide the country with the necessary credibility. Why now?
Here is why: Greece fully obeyed to the desire of the Western neocolonialists to cut ties with Russia. Indeed, ties between Greece and Russia dramatically deteriorated after the Greek government decided to expel two Russian diplomats, and ban the entry into Greece of two more. The action came on the alleged intrusion into domestic affairs and illegal acts against Greece's national security.
The whole Western financial mafia apparatus boosted a little more Greece at the same time the US empire declared a financial war on the neighboring Turkey:
The cost of insuring against a debt default in Turkey overtook that of Greece, which is rated four notches lower by Moody’s Investor Service. The lira has slumped against the dollar to record lows this week, fueled by concern about the nation’s worsening relationship with the U.S. and authorities’ ability to anchor the nation’s assets.
Both Greece and Turkey are US and NATO allies. How did that happen?
Short answer: the US empire rewards the Western debt-colony Greece for its loyalty and punishes Turkey for approaching Russia.
Flipping Turkey from the "western" to the "eastern" camp can be seen as part of Russia's Black Sea strategy. It is repeat of a mid 19th-century plan executed under Tzar Nicholas I. The current plan is so far successful. But it collides with the U.S. plans to revive NATO for another lucrative Cold War. Thus the current U.S. plan is to use Turkey's economy problems to finally bring Erdogan down.
For those who still believe in that neoliberal fairy tale about the supposed 'free markets' that operate 'automatically' through a kind of 'invisible hand'.