The EU’s financial rule by banker mechanisms has already been almost as great a failure as the oligarch-marketization of Russia after 1990. It is a complex system of one-way powers of life deprivation and social ruin which I define in The Cancer Stage of Capitalism: From Crisis to Cure (1999, 2013). Elected governments lose all control to the new absolute and overriding imperative of European rule – to grow and multiply private transnational money sequences. In accord with the ruling formulae, the Greek economy has been slashed by 25 per cent, unemployment is an official 28 per cent excluding the unpaid, the public health system is dismantled to pay foreign banks, wages are cut by a quarter, the public sector is sacked and privatized, and jobless youth rises to 60 per cent even with mass emigration. These outcomes now await Ukraine.