Showing posts with label greek crisis. Show all posts
Showing posts with label greek crisis. Show all posts

Mar 20, 2013

No Pasarán



 Yesterday's vote of the Cypriot parliament to the EuroGroup-suggested (!!) plan for cutting a significant percentage of money deposits of citizens and companies in Cypriot banks was met with a resounding NO. There was not a single "yes" among the votes. For once hellenism stood and opposed the vulture-like appetites of the European credit system, instead of succumbing like Greek politicians have done so far, with George A. Papandreou leading this catastrophic dance.

But nothing is simple. In Cyprus right now there is a strenuous battle going on: between Berlin and Moscow. There is great Russian and British interest in Cyprus and its banking system, because many companies and individuals from those two countries have bank deposits in its banks. There is also the geopolitical importance of the island, the gas reserves, the proximity to Turkey controlled pipes etc.
 It is also the apex of the strange, economically-wielded World Word War III which looks like it will demolish the dream of the Unified Europe, because there is no will (and no resistance) to oppose the disruptive voices. And Germany (its administrations) is again responsible for the ominous Balkanization of Europe with all the repercussions this might entail. It remains to be seen if Cyprus will be the explosive cocktail to set Europe on fire.

Mar 10, 2013

Song to Athens: Nick Cave and His Lighting Bolts

It probably takes someone who has lived and loved this city and the Greek people (both locally and in Australia) to feel and share the dread of what this fate inflicted on us means for the whole world: a darkly foreboding tale of despair.

Feb 21, 2013

Επανάσταση και κοινωνικό υπόβαθρο

Από άρθρο του Κάρολου Μπρούσαλη: "Θέλει παιδεία η επανάσταση"
(http://bit.ly/XXACWU).

Η κατευθυνόμενη λογική θέλει τα «παιδιά των βορείων προαστίων» να παίρνουν τα όπλα για να διασκεδάσουν την ανία τους, καθ’ όσον «τα έχουν όλα». Όμως, «τα είχε όλα» και ο κόμης Μιραμπό στη Γαλλία του 1789, όταν επέβαλε τον «όρκο του σφαιριστηρίου» και πρώτος σήκωσε μπαϊράκι ενάντια στον Λουδοβίκο ΙΣΤ’. «Τα είχε όλα» και ο δούκας της Ορλεάνης που μετέτρεψε τους απέραντους κήπους του σε άσυλο των διαδηλωτών, τον ίδιο καιρό. Και «όλα τα είχε» ο δημοσιογράφος Ντεμουλέν που καλούσε «στα όπλα» τα πλήθη, τα οποία τελικά κυρίευσαν την Βαστίλλη.
Πατέρα ραβίνο και πλούσιο δικηγόρο είχε ο Καρλ Μαρξ, πατέρα εργοστασιάρχη ο Φρίντριχ Έγκελς που συνέγραψαν το κομμουνιστικό μανιφέστο στα 1848. Τσιφλικάς ήταν ο πατέρας του Μιχαήλ Αλεξάντροβιτς Μπακούνιν που ίδρυσε τον αναρχισμό και πήρε τα όπλα όπου υπήρχε εστία αναταραχής στην εποχή του. Πρίγκιπας, ο Πέτρος Κροπότκιν που θεμελίωσε επιστημονικά τον αναρχισμό διδάσκοντας: «Ο νόμος της εξέλιξης της ανθρωπότητας είναι ο νόμος της προόδου. Το Κράτος είναι εμπόδιο στην εξέλιξη και μέλλει να καταργηθεί». Είτε το θέλουμε είτε όχι, η επανάσταση συμβαδίζει με την καλή μόρφωση. Γι’ αυτό κι ο Κοραής επιθυμούσε μορφωμένο λαό που θα οδηγιόταν στον ξεσηκωμό εναντίον των Τούρκων.

Nov 24, 2012

Lessons from the Greek Crisis 4: Because there are people who are hungry

"We must both have been hungry because we constantly led the conversation round to food. "What is your favorite dish, grandad?" "All of them, my son. It's a great sin to say this is good and that is bad." "Why? Can't we make a choice?" "No, of course we can't." "Why not?" "Because there are people who are hungry." I was silent, ashamed. My heart had never been able to reach that height of nobility and compassion. "

 ~Nikos Kazantzakis, Life and Adventures of Alexis Zorbas


film still from Zorba, the Greek

Nov 22, 2012

Greece is Not a Dog: the Arrogance of the Austerians

"One of the most extreme pronunciations came from Dutch Prime Minister Mark Rutte in a recent pre-election debate with Labour leader Diederik Samsom. Samsom openly asked Rutte whether, in order to save Greece and the euro, he would be willing to cough up the money for another bailout. (Obviously, it’s not about “giving” this money, it’s about expensive loans. But let’s leave that aside). No, Rutte yelled. Why not? Because it would be extremely unwise to say that now, for the Greeks would immediately slow down, sit back and stop privatizing and reforming. After all, they would count their blessings in advance, knowing full well that “someone would pay for them” again and therefore refuse to do anything whatsoever. And so Samsom had to be careful with his words, because the Greeks were listening along — and they would “now receive a completely perverse incentive” from the Labour leader.
 Rutte: “we have to keep them on a tight leash.”

Excuse me?
As if Greece were a dog. As if the Greeks were shitty little kids grabbing every opportunity to skirt their responsibilities. What an idiotic way of doing international politics. What an arrogant attitude toward people who are bending over backwards to stay inside of “Europe”. Rutte apparently has such a deep distrust and such a profound contempt for our fellow EU member state that we — from the point of view of Ruttian pedagogy — have to actively deceive them and, above all, should not let them know that they can count on any further bailouts if needed. As Prime Minister, Rutte has already made it known that he has “nothing to do with the Greeks”.

From a staggeringly to the point article (and insightful comments from readers) by Dutch journalist Ingeborg Beugel on September 11, 2012 at the Roar magazine

Jul 23, 2012

The Three Major European Mistakes Towards the Greek Crisis

In a detailed article signed "Diogenes" by a group of professors of economics, bankers and specialists in the French economic paper Les Echos the three major mistakes perpetrated by the Europeans towards Greece are delineated. It is again made clear, as we have referenced in these pages before, that the euro crisis and the austerity put on Greece as a means to devalue the euro only benefits one party: the dollar (as attested by numbers). And furthermore, those who doth protest too much (i.e. the AngloSaxon press) are exactly the ones whose countries and institutions stand to gain the most.

Here is the English translation of the Les Echos article. Very worth a read:


"The European leaders who have accepted 21 July 2011 not to support Greece in exchange for a downgrading of its debt led us into an unknown world, and especially uncontrollable. Those referring to the Argentine crisis a decade ago forget one thing: the Argentine banking system was closed, like any national currency system. Foreign exchange position passed by the balance sheets of the central bank. The latter could unilaterally block the exchange to avoid capital flight. That's what she did. And without telling anyone: in these conditions the effect of surprise is essential. Those who lived through the devaluations of the franc remember: until the last moment the Minister of Finance denied any problem taking speculators by surprise.

By introducing the Euro, European countries have created an open system where money flows freely. Greek banks can safely transfer the assets of their clients in France, a bank in Anglo-Saxon, for example, that he not be allowed to change of the euro against the dollar or sterling. Using one of the benefits of the euro which allows citizens to use the same currency in all countries of the euro area, the Greeks could "nationalize" their savings in dollars and convert easily. It is therefore not possible to set up a special exchange control for the Greeks.

If we continue the argument, before anybody could do anything whatsoever, and this is almost a year while it lasts,in Europe there will remain but the debts of Greece and Spain. The assets will be elsewhere. It is these assets that are vital to restart their economies. European leaders were wrong - at least-three times.

By breaking the pact of solidarity of the single currency, with of course the excellent reason that the Greeks have lied. By taking action whenever insufficient but more expensive, they went back to the public in those countries without a solution. Letting time pass, they allowed the Greeks and Spaniards who were rich enough to take the necessary steps to get their assets out of their country.
To continue in the same way, all they need to choose between two options: do nothing or decide that Greece should leave the euro.

The big winners are therefore the dollar, the U.S. economy, which desperately needs cash to finance its deficits, and the Anglo-Saxon banks who take their commissions in the process. In a world where competition is fierce, victory belongs to those who demonstrate the ability to move, to decide to act against a Europe mired in its selfishness and its divisions."

Jun 2, 2012

“You send the money, you call it a ‘loan’ — you get it back and call it an ‘interest rate' ”

An interesting article published in the New York Times, stating the obvious: Most aid to Athens circles back to Europe.

This is a pretty good explanation on why the popular argument that Greece has received the biggest bailout program in history and should have got its act together by now is ignorant. The truth is, the average Greek and the Greek state don't even see most of this money given as "aid"; it all aids the pay of interest rates on the loans originally got! (and let's not start on how the original loans were scheduled with false fiscal numbers which were allegedly "cooked" by Goldman Sachs)

"As they pay themselves, though, the troika members are also withholding other funds intended to keep the Greek government in operationLast week, the Athens office that tracks revenue said Greece could run out of money by July. If so, Greece could default on its debts — except those due to the central bank, the monetary fund and the European Union.
“Greece will not default on the troika because the troika is paying themselves,” said Thomas Mayer, a senior adviser at Deutsche Bank in Frankfurt.
In an elaborate payment system that began after the May 6 election that brought down the Greek government and is meant to ensure that the Greeks do not touch the cash, the big three creditors are now wiring bailout payments to an escrow account in Greece. There the money sits for two or three days — before much of it is sent back to the troika as interest payments on the Greek bonds that Europe accepted under terms of the bailout deal struck in February. About three-quarters of Greece’s debt, or $229 billion, is now effectively owned by one of the three troika members, according to estimates by the investment bank UBS."

May 31, 2012

Christine Lagarde: "My words were misunderstood"

Right.... Lagarde, head of IMF, took her words about the Greeks back. It was all a misunderstanding, silly! She called us all tax-evaders and we thought she called us all tax-evaders. What is it you don't understand, dumbhead?

*Her Facebook account got more than 36.000 comments on this particular "misunderstanding" bringing the retracting post up to the main search results through Google search for "Christine Lagarde Facebook".

May 12, 2012

"Germany Pays to Save Greeks" and Other Bedtime Stories

Former Greek prime minister George Papandreou says that when he asked German Chancellor Angela Merkel for gentler conditions in 2010, she replied that the aid program had to hurt. "We want to make sure nobody else will want this!" Ms. Merkel told him.



Also read the very detailed and lengthy report on how the austerity plan has failed on the Wall Street Journal.

Apr 11, 2012

Paying the Price of the Most Idiotic Economic Experiment in Modern History

"A terrible suffering has been unleashed upon the Greek people as a result of the Euro crisis, and the fiscal incompetence and corruption of the previous Greek government. The leaders of the richer, more powerful European nations, especially France and Germany, have imposed a bureaucrat called Lucas Papademos on the broken country, and demanded cuts to public spending, whose human toll Christoulas has now come to symbolise. Pay and pensions have been debauched; taxes have risen very sharply.

Greece is entering its fifth consecutive year of recession. As the journalist Peter Oborne has noted, during the Great Depression of the 1930s, Britain's national output dropped around 10 per cent in total.
Since 2008, Greece's output has dropped 13 per cent. Some forecasters think it could drop 10 per cent further this year alone. [...]

What do we owe the Greek people? Sympathy, solidarity, and support – and an apology too, if you campaigned in favour of the euro. Right on our doorstep in Europe, the country that gave birth to the continent is paying the price of the most idiotic economic experiment in modern history."



From an article in the Independent, a propos the suicide of 77 year old pharmacist pensioner Dimitris Christoulas, who shot himself in Syntagma Square right across Parliament on Wednesday, 4 April 2012 due to incapability of coping with the austerity measures. "I can't look my children in the eye any more" he wrote in his suicide note. The government had made it impossible for him to survive on the pension he had paid into for 35 years. "I find no other solution than a dignified end before I start searching through the trash for food," further read the note. Christoulas in his suicide note referred to the puppet Tsolakoglou government which annihilated all traces of his survival. For those who didn't know it, Georgios Tsolakoglou was the prime minister of Greece during Germany's Nazi occupation during World War II.

Further reading: The aftermath and the political significance of Christoulas's suicide

A Greek tragedy. One of many.

Mar 5, 2012

Liberation: "Greece, the Cradle of a New World"

From an article in the French paper Liberation (appearing on this link in the original French). Translation from the French my own, links by me.

via toonpool.com


"No, although dramatic, what is happening in Greece is not a disaster. It can even be an opportunity. For the power of money has, for the first time, briskly exceeded the -until then- gradual, meticulous and carefully organized destruction of the public good and of human dignity. And that has happened in a land as famous for its philosophy of life -diametrically opposed to the Anglo-Saxon model- as for its relentless resistance to multiple oppressions that have tried to bring it to heel. The Greek does not dance and will never dance to goose-stepping, nor will he bend his spine down, regardless of the regimes imposed on him. He dances with his arms raised up, as if to fly towards the stars. He writes on the walls that which he wishes to read elsewhere. He burns a bank when that bank leaves him unable to afford even his traditional grill. The Greek is as much alive as the ideology that threatens him is leathal. And the Greek, even beaten to pulp, always rises in the end.

Yes, European finances wanted to make an example out of the Greek. But in their surliness to hit the country which seemed the weakest link in the euro-zone, in their excessive violence, their mask fell off. It is now more than ever, the time to point to all their true face: that of totalitarianism. For it is indeed that. And there is only one answer to totalitarianism: the fight, tough and uncompromising, until the point of armed combat, if necessary, since its very existence is at stake. We have a world, a life of values ​​to defend. Everywhere in the streets, they are our brothers, our sisters, our children, our parents who are hit before our eyes, even distant. We are hungry, cold, in pain alongside them. All the hits they have received are also likely hurting us too. Each Greek child who faints in their schoolyard calls us to indignation and revolt. For the Greeks, it is time to say no, and, for all of us to support them.

Because Greece is now leading the fight against financial totalitarianism, which is destroying the public property, threatening daily survival, spreading despair, fear and the cretinisation of a war of all against all, everywhere in the world.

Beyond an emotionally-driven anger, which lets off steam by destroying symbols of oppression, a lucid anger rises, that of resistance fighters who refuse to be dispossessed of their own lives for the benefit of the bank mafia and their logic of "mad money". With the direct democracy assemblies, the civil disobedience movement "I don't not pay (any more)" and the first experiences of self-regulation, a new Greece is emerging, which rejects the tyranny market on behalf of humans.
We do not know how long it will take for people to overcome their voluntary servitude, but it is certain that, faced with the ridicule of political cronyism in these corrupt democracies and the grotesque cynicism of the state-bankster, we will have a choice - against any profiteering - to manage our affairs ourselves.

Greece is our past. It is also our future. Let's reinvent it! In 2012, let's all be Greeks!"

Feb 25, 2012

Iceland Compared with Greece against the Crisis: Why & How Greece was Led to Give Away Sovereign Rights

This just might be the most important post I will write on the Greek Outlook for some time, so pay attention.

Greek prime minister G.A.Papandreous hanging from a noose as a clown during protests in front of Parliament, 2011

"You can say with certainty that Iceland has the world record in remission households out of the crisis. The country has done everything needed in a crisis, following the book. Any economist would agree" said Lars Christensen, chief emerging markets economist at Danske Bank in Copenhagen.

The measures taken by Iceland to revive the crisis of 2008, when the banks went into bankruptcy for the amount of 85 billion dollars, were supremely effective resulting in freeing the burden of debt once and for all.
Of course, to do all these Iceland played very intelligently its geostrategic "ace": When it bankrupt and rioting began in the peaceful country, when none of its Western allies give any assistance (Iceland being in NATO) the country began "courting" with Russia for a month.
Once the Prime Minister of Russia V.Poutin announced a program of economic assistance worth tens of billions of dollars to rescue the Icelandic economy "within 24 hours Britain and Norway said they will directly aid Iceland " as they eventually did.


To transport the issue from Iceland to the Crisis in Greece and to compare how differently the crisis was purposefully handled here:

I am reminding you that Greece had flirted with Russia indeed, closing the deal of the Burgas-Alexandroupolis natural gas pipe line, during the administration of Kostas Karamanlis. The then prime minister was soon cut short of his 4-year-spanning elected administration by the sudden eruption of the Vatopedi scandal in spring 2008 (and which has been contested successfully as fabricated, as you can see for yourself in multiple-sides testimonies). The Vatopedi scandal was communicated in the Greek media as causing a tremendously large damage to state funds, an image that was then transplated as such to the international media, but the official investigators appointed by the Greek state have not discovered any real Greek state monetary loss in the transactions.

The administration of George Papandreou was forwarded, winning the elections in autumn 2009. I use "forwarded" purposefully: An article in the New York based Greek newspaper “Ethnikos Kirikas” (National Messenger) was claiming back then that the #3 in power at the US Whitehouse was in Athens in the summer prior to the 2009 federal elections to make sure that Papandreou won the election from the then prime minister of the ND party Kostas Karamanlis! Why were the US interested in securing Papandreou on the seat of prime-minister?
Karamanlis had already vetoed FYROM's entrance in NATO alliance on grounds of national name dispute and false ethnic minorities claim arising from it. He had also rejected the UN's proposal on the Cyrpus issue (a proposal that would arguably bear a heavy toll on the divided island for the price of closure in the almost 40-year long division; a Carthaginian peace, if you will). Karamanlis was not the most well liked man in Washington, let's just say. Even democratic elections can be swayed by the power of the media and the media, local and international, were opposing Karamanlis right & left during that eventful period, probably directed by some higher power in cahoots with political and financial nuclei. (Greeks were furious at the spending of state money by corrupt politicians. The subsequent trials and proceedings have since resulting in absolving then ministers of punible blame, even though I'm absolutely certain there has been corruption that hasn't been tackled yet; but in other areas than those brought out to the light, which I find -shall we say- telling...).

This autumn-2009-emerging G.A.Papandreou administration was already in communications with the International Monetary Fund for a bailout and financial aid, according to Dominique Strauss-Khan himself (then head of IMF), even before they had got hold of the economical figures, before the elections!! Strauss-Khan is quoted by a French reporter on French TV as saying that: “when I say that the IMF came to Greece and we wrapped things up in 15 days I am obviously exaggerating. We wrapped things up in 15 days because we worked for months before that with Greek authorities" (watch the admission video in its entirety here, putting the frame of the talks in autumn 2009). Coincidence?

Essentially Papandreou therefore flat out LIED to the Greek people telling them repeatedly "there IS money!" pre-electorally to win the popular vote in autumn 2009, while simultansously speeding up processes that led up to the open intervention of the IMF in Greece months after it was secretly agreed upon. Why? Several VERY intriguing questions pop up!

The whole business has always presented in the same tone: "we are going to help 'save" Greece'. To which Greeks mutter between themselves: "please, don't save us any more!" Finally the international press is seeing how there is truth in that, comparing the Greek bailout to the Afghan War: "In Greece as in Afghanistan, there are profound negative consequences associated with both action and inaction. It's not clear that a good solution exists, but everyone feels compelled to muddle on anyway. There's a suspicion that, at best, all our planning will only delay the inevitable to a more convenient time: don't let Afghanistan collapse until the Taliban are a bit weaker, don't let Greece collapse until the rest of Europe is in recovery and able to absorb it." Interestingly Afganistan and Greece are two territories where opposition is difficult to curb; the first due to terrain and intricasy of local leaders nuclei, the second due to a long tradition of resistance & disobediance amongst the people.

The Burgas-Alexandroupoli project was eventually dropped, for reasons that appear unrelated to political machinations at first sight, at the end of 2011 (The official reason is declared as Bulgarian opposition of environmentalists).Though a project that was in talks since the mid-1990s, and several deals & details were signed collaterally by all countries involved during the mid-2000s (when Karamanlis was prime-minister), the construction of the actual pipe-line was scheduled to begin in October 2009. Coincidence? 
G.A. Papandreous was always very opposed to it, despite it being a project that would generate thousands of jobs in Northern Greece and would boost the economy tremendously. Why then? What did he discuss with Putin when abandoning the project in a visit to Moscow in 2010? The data linked talk about offers of financial aid by Putin at interests as low as 2-3%, investments throughout the country and benefits arising from the use of Neorion shipbuilding yard on Syros island. All these were rejected by Papandreou! Obviously no association with Russia whatsoever was intended, sought or evaluated positively by the Papandreous administration, despite being the leader of the Greek Socialist party (PASOK) nonetheless.

Proposals by China and the Arab world regarding huge investements in Greece that would have resulted in a tangible boost in the economy have ALSO mysteriously been rejected by the G.A.Papandreous administration without further justification. Coincidence?

The words "high treason" are on many Greeks' lips regarding the people involved.

G.A Papandreou (bottom left) and A.Samaras (upper right), mates in the same band.

Let's see the revealing timeline for a clarification of my point:

September 2007: Winning the elections for the second time, means another term of Kostas Karamanlis as Greek prime minister (scheduled span of administration: till early autumn 2011, i.e. 4 years, as per Greek constitution).

Spring 2008: The Vatopedi scandal erupts. Agressive local media coverage on claims of state being at a loss & implication of ministers.This is tranmitted as such through the international media as well.

October 2009: Karamanlis announces elections just one year and a month after being elected, is defeated by PASOK leader George A. Papandreou and resigns from the leadership of his party after 12 years.

November 2009: Papandreou definitely in talks with Dominique Strauss-Khan over intervention of IMF in Greece (according to Strauss-Khan'sown admission on video as detailed above)

February 2010: The Greek people is told that intervention from the IMF must be sought at all costs: "we're sinking", the prime minister says. Assurances that the package will ensure getting out of the crisis by 2011 are given.

Spring 2010: The IMF and the Troika arrive in Athens. An unprecented in the Western world in its severity austerity measures package is proposed and immediately implemented by the government. This isn't the last one: two more follow, the latest in February 2012, dropping the quality of living by a steep 50% for most people, leaving 1:3 of Greek living below the limit of poverty.

October 2010: Visit of Papandreou to Moscow when every proposition of aid/investing is rejected. Abadonment of the gas pipeline project.

June 2011: Strauss-Khan, head of IMF, is abruptly charged with a rape charge in New York city; he's prosecuted and sent to trial. The reactions are spanning the whole spectrum. (The case is eventually dropped because of lack of evidence, as per his lawyer Ben Brafman: "What happened in that room, so long as we have now confirmed that it wasn't criminal, is really not something that needs to be discussed publicly." Is it a coincidence it happened in New York? To a poor hotel worker of coloured skin too? The Wikileaks creator is also charged with rape in Sweden? Coincidence? Is -a foregone conclusion- the feminist protestation regarding issues of such sensitive nature (and of coloured rights against discrimination) an assured means to press -and press hard!- on certain public figures?
Straus-Khan is let off all too late: He has already lost the leadership of the IMF and has been absent from the crucial late-July 2011 Greek bailout decisions, plus he has damaged every chance of filing for French presidency in the elections against Sarkzy. Strauss-Khan incidentally is a philleline.)

July 2011: Large protests in Athens, the Greek capital, oppose the augmented demands of the IMF and the EuroGroup resulting in significant "hair-cutting" part of the debt, thus meaning Greece won't be able to get out in the free market to borrow money any time soon. The measures are passed through a flood of Greek "indignandos" at Syntagma square in front of the Parliament, protesting peacefully from all walks of life, the size of which Greece hasn't seen since probably the re-establishment of democracy in 1974.
Officials insist the measures are necessary if painful and by 2014 Greece will be out in the markets again, if they're implemented.

November 2011: In an unprecedented confusion about what will happen about the continuation or not of the course already taken, Papandreou throws everyone off with a suggestion of a Referendum of the Greek people as to whether they will vote "Yes" to austerity measures & thus stay within the Eurozone or "No" and therefore exit the Eurozone (and effectively the European Union as well, a situation dreaded by at least 75% of Greeks) He retracts the proposition in a matter of 24 hours, claiming he proposed it fearing of a military coup in Greece. This weirdly coincides with the long-scheduled change of military heads in all Greek arms. Coincidence? Papandreou manages to be therefore hurriedly invited at the Cannes G20 meeting, where further actions are decided for the "saving" of Greece by the powerful of the world and he has personal meetings with Sarkozy and Merkel.

December 2011: A new coalition government is enstated, not out of elective processes, but thanks to Papandreou finally stepping down from prime-minister (absorbing the public anger) in favour of Europe-&-US-approved & assigned Lukas Papademos. Papademos is the banker of the National Bank who was cognizant (and some say complicit!) to the machinations of former prime-minister Kostas Simitis who ~assisted by Goldman Sachs~ "cooked" the national economic figures at the time in order to meet EU standards and enter the Eurozone in 2001. What do Papademos, Mario Draghi (of the European Central Bank) and Mario Monti (assigned Italy PM) have in common? A connection to Goldman Sachs, as reported by London correspondent Marc Roche in French paper Le Monde. Coincidence?
Is Greece serving as the Trojan Horse for Goldman Sachs to destroy the European countries' solidarity? (as reported by Russian Pravda). That would be poetic justice. Or just the canary in the coal mine?

February 2012: A 3rd severe austerity measures package is sanctioned by the EuroGroup, in attendance of the infamous PSI (the acceptance of losses by private creditors holding Greek debt) and implemented in Greece amidst angered protests with the threat of imminent bankruptcy and exit of the Eurozone: This is the second Memorandum and its text effectually forsakes sovereign rights to just about any income-producing sector of the country (state companies, land, oil reserves, rights to potential exploration of natural resources etc) for the forseeable future ~a special bank account to creditors is opened that will be paid first before the state meets ANY other of its own needs (i.e. pensions, salaries, state work, medical needs through social security etc). The Eurogroup Memorandum in February 2012 is estimating Greece's sovereign debt by 2020 to be equal to the amount of debt the country had in 2009!!! A more permanent position of European officials supervising measures implementation is effectuated and FOUR more such job positions are announced! [Rejoice European Brussells clerk, you too can take your holidays ad inifinitum in sunny, beautiful Greece and get paid for it!!]

Bottom-line: Greece is officially becoming a protectorate of the European powers and the USA through a scheme that is just now becoming quite evident.

Kostas Karamanlis is totally silent for every matter of the political life in Greece and Europe ever since and rumour has it that he has been threatened by external political forces (as of yet unknown) for his and his family's lives. Coincidence? This rumour is as yet unsubstantiated but sounds logical enough; a vast amount of Greeks consider it a very plausible train of events and an explanation to the whole situation: ousting the undesirable for the puppet. 

Interesting factoid for further thought: The opposition leader Antonis Samaras, leader of the New Democracy party and successor to Kostas Karamanlis, although severely opposing the memorandum, in the end voted for it in February 2012. Samaras and G.A Papandreou not only are both Harvard School alumni and friends at the time of their student days, they were also roommates at Amherst College. They also played in the same band, as attested by the photo above. Coincidence?

The conclusions, your own...

Feb 21, 2012

France & Germany Pressured Greece to Buy their Armaments Beyond the Country's Financial Means

"It is easily forgotten when Greece is criticised that there has been not very subtle pressure from France to buy six frigates," says Thanos Dokos, the director general of the Hellenic Foundation for European and Foreign Policy. [...]

Over much of the last decade, Greece – which has a population of 11 million people – has been one of the top five arms importers in the world. Most of the vastly expensive weapons, including submarines, tanks and combat aircraft, were made in Germany, France and the US.

The arms purchases were beyond Greece's capacity to absorb, even before the financial crisis struck in 2009. Several hundred Leopard battle tanks were bought from Germany, but there was no money to pay for ammunition for their guns. Even in 2010, when the extent of the financial disaster was apparent, Greece bought 223 howitzers and a submarine from Germany at a cost of €403m.[...]

The justification for Greece's large army – 156,000 men compared to 250,000 in the German army – is the perceived threat from Turkey, which requires the Greeks to keep some form of military parity with a nation with seven times as many people.

Mr Dokos says that fear of being labelled unpatriotic has prevented the opposition in parliament from seeking a in defence expenditure. There has never been a debate in parliament about how far a Turkish threat really exists."
~From an article in the Independent 



It seems to me the world is suffering from amnesia or gross ignorance. There can't be any other explanation.

To all those who say "it's the buyer to blame, not the vendor" and "Greeks are never accepting responsibility", just remember who was the prime ally of Turkey, a NATO member, very obviously and very flamboyantly till very recently: the USA. And just how far the USA is controlling arms dealings within Europe thanks to the NATO system.
And learn also that airborne "tresspassing" from Turkish aircrafts is a roughly DAILY phenomenon: air fights between Greek and Turkish pilots (who have lots of things in common and an enmity instigated by outside forces) every day in times of peace!!! Who orders those Turkish aircrafts to rise? Why? And how timely? As both nations are members of NATO the hypothesis is supremely interesting. Who's gaining from aircrafts that get destroyed in the process, unless it's the one who sells them to BOTH countries to begin with? Who's the warmonger?

At the height of the Cold War, both countries were encouraged by the US to keep themselves well armed - Piraeus, the port of Athens, was also the base for the American Sixth Fleet. However, when Turkey invaded Cyprus, the rest of the NATO countries kept mum and Greece was humiliated in the aftermath with hundreds of Greek Cypriots killed. Is it any wonder the Greeks spend money in arms?

Remember too that a very prominent Greek politician/former minister, prosecuted for usurping state money, is responsible for personally benefiting from importing German submarines, that still had technical glitches; deals that cannot now be cancelled by the state because of penalty clauses in the contracts! Who approved this on the German side? Why?

How about the telecommunications & transportation deal scandal between German Siemens and the Greek state, riddled with over-charges and kickbacks? Remember how EVERYONE was critizing how Athens might not be the safest place in the world for the summer Olympic Games of 2004 and they absolutely insisted on getting the Greek state to spend millions of euros into the highest possible security? (And in the end absolutely not a bleep on the radar happened....there was never any menace)
How many corrupted German officials were involved in this Siemenscandal? Where are they now? Why don't we hear anything about them? Why isn't money paid in German bribes returned to the Greek state?
Siemens is not beyond a shady past, after all...

And let's not forget: The Greek people have lived responsibly and frugally according to the IMF with household debt figures similar to Germany and much lower than the UK!!!

Who's leeching off the average Greek then?





cartoon from the Greek press: Reichenbach puppeteering Greek statesmen E.Venizelos and G.Papandreou via greekcrisis.net. Merkel & Sarkozy photo from the same source.

Feb 19, 2012

"Only Greeks and Brits Were Left Standing": Why Europe Stands to Lose if Greece is Forced Out

Greek women & men from Greek People's Liberation Front during WWII

"there is also an ethical argument: modern Europe exists thanks to ancient Greece and modern Greece exists thanks to the European powers that guaranteed its independence in the early 19th century. Since then, Greeks have more than repaid their debt. They fought to defend western ideals and interests in every corner of the world – from the trenches of Europe, to the hills of Korea and the deserts of the Gulf. When Germans fell into the darkness of Nazism, when the empires of old (Belgium, Netherlands, France) surrendered within days, only Greeks and Brits were left standing. Ask those who were cowering from the pounding of Luftwaffe in the tube stations of London, during the long winter of 1940, and they will tell you that the only pieces of good news they were getting for months, were coming from the Greek mountains."

From an article on the Guardian on "What Europe Loses if Greece is Forced Out" mentioning several reasons beyond the ethical ones: Greece being the barrier to the tons of illegal immigration from Asia, the Nato efforts to assure stability in the Balkans, the undiminished geopolitical strategic point that Greece and Cyprus present in the area, betraying the sacrifices already made in the name of European directive.

"We should remember that those who sacrifice Greece on the altar of speculation, hoping that economic fascism will be satisfied with this small country and that they will escape ...those are the same ones who reliquinshed Czechoslovakia to Adolf Hitler in Munich in 1938, hoping that this new prey offered him would suffice, after they had already reliquinshed the democratic Spain."
from the Nantes announcement on "Je Suis Grec aussi, solidarité avec le peuple Grecque"


click to enlarge


The Dec. 1, 1940 New York Times editorial reported: “The hypnotism of gloom has become dangerous as the wishful thinking that preceded it in the prewar years. We can thank the people and soldiers of Greece for ridding our minds of a foul superstition…It will be the glory of modern Greece in history to have shattered the myth of invincibility of the Axis and to have given to all free men a new proof of the worth of courage.”

Further Reading:
"Heroes Fight Like Greeks, The Greek Resistance Against the Axis Powers in WWII" (Hardcover) by Ronald J. Drez
"Inside Hitler's Greece: The Experience of Occupation, 1941-44" [Paperback] by Mark Mazower


pics via the National Herald and absinthemakeyouawhore.tumblr.com

Feb 18, 2012

"I too am Greek!": Solidarity with the Greek People


Saturday 18th of February, International Mobilization Day: We are all Greeks! When one people is attacked, all people are attacked.

Thousands of people are coming out in the streets today all over the world (France, Portugal, Denmark, New York City) in solidarity to the Greeks, who are brought down to their knees by the demands of the Troika, the IMF, the European Central Bank and the leaders of the Eurozone by enforcing austerity measures the people cannot possibly meet.

A trilingual weblog called Je suis Grec/I too am Greek documents the solidarity idea of people against the powers that try to harness their sovereign rights and their free speech & right to protest. From the people who began a campaign for the symbolic claim for Greek nationality.



"I do not like violence. I do not think that very much is gained by burning banks and smashing windows. And yet I feel a surge of pleasure when I see the reaction in Athens and the other cities in Greece to the acceptance by the Greek parliament of the measures imposed by the European Union. [...] The joy is the joy of seeing the much-trodden worm turn and roar. The joy of seeing those whose cheeks have been slapped a thousand times slapping back. How can we ask of people that they accept meekly the ferocious cuts in living standards that the austerity measures imply? Do we want them to just agree that the massive creative potential of so many young people should be just eliminated, their talents trapped in a life of long-term unemployment? All that just so that the banks can be repaid, the rich made richer? All that, just to maintain a capitalist system that has long since passed its sell-by date, that now offers the world nothing but destruction. For the Greeks to accept the measures meekly would be to multiply depression by depression, the depression of a failed system compounded by the depression of lost dignity.The violence of the reaction in Greece is a cry that goes out to the world"

From a piece in the Guardian exploring the secret pleasure in seeing someone rebel against the "debtocracy system".

"Greece is at the cutting edge of the austerity measures that are being introduced across Europe. All the evidence shows that while these measures may protect the interests of the rich, they just make matters worse for the majority of the population. What happens in Greece today we will see in Portugal tomorrow and in Ireland the day after. In Britain, the coalition government is pursuing similar measures which will see workers' earnings reduced, see them working longer for a smaller pension, and the NHS dismantled, along with other public services."

From a piece in the Guardian on the solidary between European peoples.

pics via hellenesonline.com & xpolis.blogspot.com