The reason theEU dogmatically stuck to a ‘failed policy’ was because the EU benefited from the power, privilege and profits of pillage and imperial primacy. The key to EU pillage and plunder was the loss of Greek sovereignty. The two major parties ,New Democracy and PASOK, were willing accomplices. Despite a 55% youth (16 – 30 years old) unemployment rate, the cut-off of electricity to 300,000 households and large scale out-migration (over 175,000), the EU (as was to be expected) refused to concede that the ‘austerity’ formula was a failure in recovering the Greek economy. Moreover, for the Brussels elite to acknowledge failure in Greece would likely result in the demand to recognize failure in the rest of Southern Europe and beyond, including in France Italy and other key members of the EU The ruling financial and business elites in Europe prospered through the crises and depression, by imposing cuts in social budgets and wages and salaries. The reason that all the EU regimes back the EU insistence that Greece must continue to abide by an obviously perverse and regressive ‘austerity’ policy and impose reactionary “structural reforms” is because…..