“Guerrilla Warfare Against a Hegemonic Power”: The Challenge and Promise of Greece Ellen Brown has published a good analysis of the options to deal with Greece’s Debt situation. Ellen writes: “Banks create money when they make loans. Greece could restore the liquidity desperately needed by its banks and its economy by nationalizing the banks and issuing digital loans backed by government guarantees to its ailing businesses. Greece could provide an inspiring model of sustainable prosperity for the world. But it is being strangled by a hegemonic power in a financial war that is being waged against us all.    “On July 4, 2015, one day before the national vote on the austerity demands of Greece’s creditors, it …”   See the rest of her article here