The European Union and the International Monetary Fund have provided Greece with two rescue packages in return for tough austerity measures. (file photo)
The troika of European Union, International Monetary Fund and European Central Bank have put Greece on sale, a market analyst told Press TV.
“Greece socialist government is going to lose power and the Greeks won’t allow stripping of their assets and giving off to the interest,” the founder of creditwritedown.com, Ed Harrison said in an interview with Press TV.
Harrison criticized the Greek government for disregarding its own constitution which requires the country to default in case the national debt cannot be paid to preserve sovereignty.
“These are obviously going to be foreign interests which are going to be owning Greece. So it is basically a sale of Greece to foreigners,” he added.
Since last year, the troika of the EU, IMF and ECB have provided Greece with two rescue packages worth over USD 380 billion (283 billion euros) in return for tough austerity measures taken by Athens.
Greece must persuade both the EU and IMF that it is making sufficient financial reforms. Otherwise, it will not receive its bail out money which it receives in installments.