The Greek Coup: Liquidity as a Weapon of Coercion by Ellen Brown + Greece is Not the Major Problem – Europe is by Siv O’Neall

2 Aug

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Dandelion Salad

Alexis Tsipras on a short leash from the EU Image by DonkeyHotey via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
July 30, 2015

“My father made him an offer he couldn’t refuse. Luca Brasi held a gun to his head and my father assured him that either his brains, or his signature, would be on the contract.” — The Godfather (1972)

In the modern global banking system, all banks need a credit line with the central bank in order to be part of the payments system. Choking off that credit line was a form of blackmail the Greek government couldn’t refuse.

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