That is what the OWS is trying to change, you know democratically rather than in the dark of night in secret meetings behind closed doors which is how this current system runs while spend other people's money. so yes they are accountable. If nothing is 'wrong' why try so hard to hid what you are doing even though it is clear it is not doing what it was intended to do. Just because some method was tried 100's of years ago doesn't mean it doesn't have to be tweaked a bit. Mansions and huts are fine when the ones in the huts don't know that mansions exist once that point is reached the mansions can stay the way they are but the money for renovations goes to the ones with the huts rather than endless renovations to just the mansions. Mankind can exist without mansions, it will not exist if the huts disappeared as the hut people are the ones that do the labor to grow food.
http://www.youtube.com/watch?v=U7fCsEER7t8&feature=player_embedded#!
Does it really matter which domino is the first to fall?
(in part)
The Greek economy has shriveled for four years—in the last two years by nearly 15%. Small businesses cratered, unemployment is spreading like wildfire, and those who still have jobs watch their pay and benefits dwindle. The government, up to the gills in debt, is cut off from the capital markets and defaulted on part of its debt. The country depends on being spoon-fed by the bailout Troika—the ECB, IMF, and European Union. One spoon at a time. With periods of desperation in between.
The Troika has used this process as a carrot and stick, rewarding Greek politicians and bureaucrats for good behavior (promising and implementing reforms) and punishing them for bad behavior (reneging on reforms). And so the bailout fund EFSF transferred €4.2 billion in scheduled aid a few days ago, the first tranche of the second bailout package. But it was €1 billion short—the stick that all political parties should heed.
And the Greek political elite have used this process to extort billions from donor countries. Early November, Giorgios Papandreou, Prime Minister at the time, said a single sentence about a referendum on staying in the Eurozone, and it knocked worldwide financial markets into a vertigo-inducing tailspin. For that debacle, read...
Greece’s Extortion Racket Jumps To The Next Level.
In early January, the new Prime Minister Lucas Papademos turned extortion against his own people to get labor unions to agree to Troika-imposed wage cuts. “Without an agreement with the troika and the ensuing funding, Greece faces the threat of a disorderly default in March.” Read....
Greece’s Extortion Racket Maxed Out.
“Disorderly default” has been the ultimate threat ever since. President Karolos Papoulias added to the pressure by announcing that the new out-of-money-date would be June 10. And now comes the charismatic 37-year-old Alexis Tsipras, leader of the left-wing SYRIZA, which, according to the latest poll, has surged to number one in the June 17 elections. Under him, Greece would stay in the Eurozone, he promised, but without adhering to the reforms. He wants the Troika to open the money spigot without conditions. Let the good times roll—at the expense of taxpayers elsewhere. And he ratcheted up the extortion racket one more notch when he
proclaimed, “If the disease of austerity destroys Greece, it will spread to the rest of Europe.”
In a broad counterattack, top officials from across Europe have started to openly discuss Greece’s exit from the Eurozone, sometimes in an encouraging manner. There was EU Commission President Jose Manuel Barroso with the dual
message that “we” wanted Greece to remain in the Eurozone, “but the ultimate resolve” to do so would have to come “from Greece itself.” A number of ECB council members have also voiced that possibility,
including President Mario Draghi. IMF Managing Director Christine Lagarde
suggested that the other option for Greece, if it didn’t honor the budgetary commitments, would be its “orderly exit.” And today, German Banking Association President Andreas Schmitz jumped into the fray,
wondering “if the country with its own currency, supported by a sort of ‘Marshall Plan’ from the European Union, wouldn’t be better able to solve its problems.”
And the noose tightened. About €800 million had been yanked out of Greek banks in a single day, caused by “great fear that could develop into panic,” President Karolos Papoulias warned political leaders. More than €5 billion had
apparently evaporated since May 6. And the ECB, which is supposed to conduct refinancing operations only with solvent banks,
cut off Greek banks from Emergency Liquidity Assistance because they haven’t been recapitalized after the haircut of Greek bonds on their books had wiped out all traces of equity capital.
http://www.zerohedge.com/contributed/2012-20-17/greek-extortion-racket-its-final-spasm
