-Rajesh
Tyagi/ 13.7.2015
European powers have issued fresh ultimatum to Greece to implement the austerity program within three days, i.e. by Wednesday as deadline. The program is apparently designed to relegate the country to the status of a colony inside Eurozone.
Led by German government, European powers are insisting upon annulment of the popular laws passed by the Greek Parliament after Syriza took to power and further to pass new laws that impose austerity program tailored to the wishes and needs of the European Banks. This would leave the country completely dry, sucking all residue of lifeblood that still flows in the veins of Greece.
Failure by
Greece to comply with the ultimatum issued by European powers is threatened
with not only depriving it from accessing bailout package, but outright
expulsion from the Eurozone. The action would immediately result in a breakdown
of Greek economy and collapse of the country.