Greece, Ireland and Portugal: bankruptcy or democracy

Click here to access article by Nick Dearden from the Committee for the Abolition of Third World Debt. 

It is simply not possible that the policies being inflicted on Greece, Ireland and now Portugal will reduce the debt burden of those countries – the very opposite will happen, as was seen from Zambia in the 1980s to Argentina at the beginning of the last decade.

...So why then are these policies still being pursued?

As usual, it's capitalists sí, democracy no!