Greece has had to call in the International Monetary Fund or IMF for help with its financial crisis to prevent a default on its loans. Loans are being underwritten by countries like Germany who are laying down very strict conditions for any money advanced to Greece. Already the Greek government has announced severe fiscal tightening by cutting public sector pay and pensions but this will not satisfy the IMF. German Chancellor Angela Merkel is demanding severe cuts in public spending at a time when the economy is contracting and these cuts will create further unemployment. What is unacceptable is that all these sacrifices are being demanded from ordinary people who had no hand in creating the crisis. No one is demanding punishment for the politicians of the previous government who falsified public accounts with the help of Goldman Sachs. If a financial officer of any company was caught cooking account books he would surely end up in prison but not so politicians and others seem to protect the crooks making all of them accessory to the original crime. Just as no one is asking for former Prime Minister of Britain, Tony Blair to stand trial for war crimes at the International Criminal Court. Maybe it is a white thing because Charles Taylor is presently being tried and Omar Bashir has been indicted. If politicians get away with crime then the system is certain to collapse. The question now is after Greece who? Will it be Ireland, Portugal or Spain and will it have have knock on effect on the members of the euro zone? We will know soon enough.