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On January 26, a political earthquake brought the left-wing Syriza party to power in Greece with a sweeping mandate to end the six-year nightmare of economic austerity imposed by the European establishment.
Since the 2008 global financial crisis, the so-called German-backed troika -- the European Central Bank, the European Commission and International Monetary Fund -- forced Greece into accepting $275 billion in bailout loans conditional on harsh restructuring measures.
Celebrations surrounding the 70th anniversary of the Bretton Woods agreements that created the IMF and the World Bank are low key affairs. It does not help that the U.S. Congress has failed to ratify the most recent agreement to expand the IMF, required to make World Bank resources (tied to IMF borrowing quotas) grow as well.