News Release

Greek Crisis — Another Bank Bailout?

COSTAS PANAYOTAKIS
Panayotakis is associate professor of sociology at the New York City College of Technology at CUNY. He said today: “Basically, you have a new government imposing the austerity policies that it ran against, attempting to solve the crisis on the backs of ordinary Greeks. And, as is usually the case with the International Monetary Fund, it’s also an attempt to indirectly bail out the German banks, French banks and [other] European banks that hold most of the Greek debt.” See interview on Democracy Now.

For more information, contact at the Institute for Public Accuracy:
Sam Husseini, (202) 347-0020, (202) 421-6858; or David Zupan, (541) 484-9167.