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EU To Greece: Capitulate Or We Will Send In The Turks
"There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt." – John Adams (1735-1826) When the threat of debt slavery not immediately worked some EU "leaders" threatened Greece with war.
Are threats of war now again a "European value"?
During a pivotal meeting with Merkel, French President François Hollande and European Council President Donald Tusk, Tsipras at one point received a thinly veiled threat that if he walked away and left the euro, Greece risked going it alone geopolitically, too.
According to two officials in Brussels with knowledge of the exchange, the specter was raised of aggression from Turkey — a neighboring nation viewed in Greece as a historic antagonist.
Even if Tzirpas manages to get the dictates from Brussel through the parliament in Athens no problem will be solved. Debt that can not be paid back will not be paid back. There is no chance that Greece will ever be able to come up with the money it formally owns. There is an assumption that some €50 billions can be raised through a sell off of state assets. Zero to may be €5 billion is realistic. No money will be available for economic expansion. Austerity will kill the sick and old.
That or the Turks are coming? I am not sure what I would choose.
fairleft, I’d like to address the “coup” meme in the Greek context, and why it makes sense to speak of it.
The Tsipras government is a coalition within a coalition. Let me explain briefly, very briefly. First Syriza, is a coalition party made up of several entities. The main one on its “left” is the Left Platform, led by Panagiotis Lafazanis, Minister of Productive Reconstruction, Environment and Energy and the most important politician leading the anti memorandum forces within Syriza. He is pro Russian, and has negotiated the Turk/Greek Stream with Gazprom.
The other main component within the Syriza coalition are the people who drifted in from Papandreou’s collapsing PASOK, which before the anti austerity Syriza surge in the January 25 election, brought its popularity from roughly 4% to 17%, thereabouts. This component is more amenable to the deal.
OK, this is, roughly speaking, Syriza. The other coalition component (the governing coalition as opposed to the Syriza party coalition) is Syriza and the Independent Greeks, led by Panos Kammenos. ANEL is nationalistic, eurosceptic, severely anti corruption, anti German, and pro Russian. Needles to say, both the “left” and the “right” in the Syriza government are anathema to the Europeans, particularly the Germans, and to the Greek oligarchs, partners in corruption with German industry (Siemens, Rheynmetal, etc).
Finally, the “coup” meme. If the Germans (Dutch, Balts, Slovaks, Poles) succeed in breaking up, first the internal Syriza coalition via Lafazanis, second the government coalition via ANEL, the government will fall. For this very reason the Germans pushed such extreme positions on Tsipras, and exerted economic blackmail by shutting off liquidity, therefore the banks, after the OXI referendum. To make the Tsipras capitulation unacceptable to both coalition partners, and break up the Tsipras government, then install a government to Berlin’s liking.
The following days will tell if the “coup” succeeds. The Europeans (Germans) have already notched up a success in the coup department, with the help of Greek compradors — that of Papandreou after he proposed a referendum. So far, ANEL is holding with Tsipras because they have nationalistic, anti corruption fish to fry.
The left, however, is standing on its opposition to the deal, and will likely bring about Tsipras’s resignation, thus ushering in another same old same old government by oligarchs, corrupt media, and high income tax evaders.
The alternative proposed is the drachma. Perhaps, but I am not competent in economics to judge the feasibility of this given the five months allocated to Tsipras since his election, and with the Greek banks shut, money supply vanishing, and the Greek economy in total disarray. I myself favour the drachma and Greece leaving the Eurozone…maybe one day. Perhaps you are better informed regarding the feasibiltty of the drachma option given the Greek circumstances?
Finally, for an interesting alternative view of Schauble/Merkel, see the recent Alexander Mercouris article in Russia Insider.
Posted by: Thrasyboulos | Jul 15 2015 17:42 utc | 35
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