Looking back at the last-minute maneuvers, it seems pretty clear that Papandreou’s decision to fire all the military leaders on the day he announced his referendum on austerity—his attempt to counterbalance Western banker power and local military power with democratic people power–was essentially an imperialist power-struggle in an uppity colony, whose inhabitants are seen as little more than sources of extraction for banker profits. So we have the creditor nations trying to buy off the military as Banker D(efault)-Day approaches, and Papandreou trying to counter that by both bending to their will, realizing he’s through, and trying to save himself by empowering the people in his country. But Papandreou was far too weak and far too compromised. Ultimately he was no match; he never had a chance. And the popular will of Greece’s citizens is barely an afterthought.
This is how bankers deal with banana republics; it’s how they ran their colonies. Take care of the military, give them gifts and get them in your pocket. The people only exist to be extracted. And when they squeal, characterize them the way the Brits characterized the Irish during the Great Famine: lazy, profligate, it’s all their own fault, what they need is more painful medicine and a swift kick in the ass…for their own good, of course.” —Mark Ames: Austerity & Fascism in Greece - The Real 1% Doctrine