This chapter discusses the austerity in Greece and the wider Eurozone as an assemblage for financial consolidation of the Eurozone centre and the further impoverishment of the Greek people. It also interrogates the privatization of public assets in conjunction with education reform because these processes are just elements in a broader structural governmentality aimed at controlling, disciplining and de-pathologizing the “nation in crisis”. The privatization was unsuccessful due to economic reasons related to a broader macroeconomic reality, ignored by the Troika. The neoliberal maximal state is discussed, in contrast to the usually presented minimal neoliberal state, because the state lies behind all the mentioned processes. Finally, the suspension of the Stability and Growth Pact and austerity in the wake of the 2020s is analysed as well as plans for its re-activation in Spring 2024.