So far as I can follow, the Greek electorate now have the choice between voting Yes and agreeing to the IMF austerity package, and voting No and having their leaders agree to any “face-saving” variation, however miniscule, before accepting the IMF austerity package. You can be quite sure that the international elite will thoroughly humiliate Syriza by making abundantly clear that if they offer any change at all, it is absolutely miniscule. A change of nominal leader of Greece may result from the referendum, but nothing that changes the life of anybody who is not a politician. Either way in six months time we will be exactly back where we are now, only with opposition to the IMF broken as the next wave of pillage of the public sector comes.
The Euro project will continue to be extremely strong. New money will be funnelled into the pockets of bankers. It is important to recall that 100% of these bailout funds go to bankers, none of it goes to the Greek people and none of it stays in Greece. The same bankers will become the beneficiaries of servicing of new loans provided to vast corporations to buy up Greek public assets, cheap.
It would require a particular heartlessness to be indifferent to the demise of the idealistic hopes that backed Syriza. But in the end it proved they did not offer any actual choice of any significantly different outcome. There is no real choice on Sunday, no difference in outcome from which way people vote. Beware Greeks bearing rifts.
Ben, your four points still does not deal with the massive tax evasion and off shoring that has gone on for decades, before and after Greece joined.
Painting the system in a new colour does merely hide the cracks underneath. These bankers have to agree that money which does not work, which has
bypassed exchequers has a detrimental effect on the respective economies.
Why should anybody pay taxes if those who call themselves establishment are so full of themselves that they can’t possibly pay taxes.
We have to find an Internationally agreed mechanism to regulate the tax drain from these off shorers, do we not?
Simple!
Kick the monopoly board into the air, and tell the banksters they are not going to pay a penny of the mountainous debt.
Greece the can proceed to divert the asset hemorrhage and the influx of misery paying the banksters. Your line of argument is almost out of a city boys; how to rebuttal the attacks on the sham Ponzi scheme.
The day after that, Greece will be awash with tourists who will be flooding to the place to spend their money and with a currency control in place Greeks can turn around their economy in a heartbeat.
Unless that is you happen to be one of kleptomaniacs whom have set up a bank and are worried this sort of default can catch on! The power of the banksters lies in enforcing their writ, when that writ is no longer worth more than a toilet paper; these blood sucking vermin have no power at all.
The resident humanitarian suddenly cares for the ordinary people of Greece!!!!!!
As we all know Greeks are having a great time;
No pensions ie the old pensioners are left with no money!
No social safety net.
Massive unemployment.
Total misery and shortages of food stuff cuz no one can afford to buy any.
………
Of course the pain inflicted on the Greeks as and when they stick their two fingers up the banksters nose, will be a fate worse than worse than “death”!!!!!!!!!!
Total corruption of all human values for the sake of keeping the same blood sucking bankster vermin in the life style they are accustomed to!!!
Fedup
You live in a dream world – Greece has a worsening balance of payments (even before interest payments) deficit which would be even worse if access to EU markets was restricted. The consequence of introducing the drachma would almost certainly be inflationary. There would almost certainly be fuel and other shortages. I very much doubt that tourists would flood in in such circumstances. I would also expect the haemorrhage on the capital account to increase – Greeks are very resourceful and would easily get past any currency controls that the Government might seek to impose.
Varouvakis and Tsiparas know this only too well – which is why they are not arguing for Grexit either – and as far as I know they are not City boys or kleptomaniacs. Please come back when you have learnt some basic economics and given up the silly man the barricades rubbish.
“We have to find an Internationally agreed mechanism to regulate the tax drain from these off shorers, do we not?”
Yes, but what entity would persuade? The UN? ICC? Nothing is more unequivocal than genocide in Gaza. Economics much murkier and complex would be a gauntlet for well-wishers with good intentions. I was offering those points in the miccosystem, Greece, Nevermind.
‘micro system’.
No worries, Hege Fund Bund.
“The Supreme Court rejected Argentina’s appeal against an order to pay the full value of bonds that some hedge funds bought after the country defaulted more than a decade ago.
Also, the bondholders won the right to use the US courts to force Argentina to reveal where it owns assets around the world.
The court’s decision means that bondholders should find it easier to collect their debts.
Some analysts believe it is possible that the Supreme Court’s ruling could encourage investors to hold out in other restructurings of sovereign debt. (THERE”S YOUR SIGN 🙂 )
“The Fund is considering very carefully this decision and, as we have said before, we are concerned about possible broader systemic implications,” the IMF said. The Fund is usually closely involved in the financial restructuring of countries in trouble.
http://www.bbc.com/news/business-27886361
Thinking of the Greek plight, and the IMF, the more things change, the more they stay the same.
The IMF’s executive director Paulo Noguiera Batista Jr, is also the vice president of the BRICS bank.
In my opinion the BRICS bank will just be another IMF or ECB or World Bank, different name same faces.
“The EU Project WITHOUT DEMOCRATIC REFORM is doomed”.
Indeed.
“[T]he leaders of today’s Europe are shallow, cloistered people, preoccupied with their local politics and unequipped, morally or intellectually, to cope with a continental problem. This is true of Angela Merkel in Germany, of François Hollande in France, and it is true also of Christine Lagarde at the IMF. In particular North Europe’s leaders have not felt the crisis and do not know the economics, and in both respects they are the direct opposite of the Greeks.
http://prospect.org/article/greece-only-no-can-save-euro
Re my last comment according to press reports Greek PM Tsipras, has met with BRICS head K V Kamath, and the bank has expressed interest in helping Greece.
Just another loan shark attempting to asset strip Greece.
http://greece.greekreporter.com/2015/06/19/greek-pm-tsipras-meets-with-gazprom-chief-brics-delegation-in-st-petersburg/
The long con:
“DESVARIEUX: So Bill, I’m going to start off with you. Can you just explain to our viewers who’s actually getting bailed out in this deal. Are creditor banks the ones benefiting at the end of the day?
BLACK: Well, the same people are getting bailed out that have been getting bailed out from the beginning of the Greek crisis, and that is foreign banks. So this money just moves in sort of an elaborate circle from the Troika, which is the European Commission, the European Central Bank, and the IMF, through the Greek government, through the Greek banks, and then they pay the foreign creditors. And they pay them just enough that they don’t have to recognize a loss for accounting purposes.
As Michael will explain, of late the big investors tend to be American hedge funds, as opposed to what used to be primarily French banks.”
Full transcript and interview:
http://michael-hudson.com/2015/06/greece-on-behalf-of-europe/
Not forgetting the NATO base.
Greece – Risk of False-flagging Greece into Submission and Chaos?
Peter Koenig
July 03, 2015
EU/IMF Revolt: Greece, Iceland, Latvia May Lead the Way
As we move closer to the 5 July referendum, it becomes clearer every day – Brussels, Washington and Berlin are waging an open “class war” against Greece, because the Greek people, the citizens of a sovereign country – the first democracy in Europe, the country that gave Europe her name – these people have had the audacity to democratically elect a socialist government. Now they have to suffer. They do not conform to the self-imposed rules of the neoliberal empire of unrestricted globalized privatization of public services and public properties from which the elite is maximizing profits – for themselves, of course – it is outright theft of public property.
The weapon is finance; the instruments are the mega-banksters of Europe and Washington. They are like dehumanized missiles. The fight is no-holds-barred – all out, no scruples. The savages of Brussels have the audacity to call for Mr. Tsipras’ resignation in case the Greek referendum rejects the austerity package. – Can you imagine!
/..
http://www.globalresearch.ca/greece-risk-of-false-flagging-greece-into-submission-and-chaos/5460323
The leaders in South America recently issued a statement supporting Syriza…
http://www.telesurtv.net/english/news/ALBA-Bloc-Support-Greeks-in-Fight-Against-EU-Finance-Capital-20150629-0016.html
This at a time when it’s all kicking off in Ecuador again, with the United States of Fascist Lunatics trying yet again to overthrow Rafael Correa, who was re-elected in the 2013 general election with 57% of the vote in an election deemed free and fair by the UN.
Did I mention Julian Assange?
“The resident humanitarian suddenly cares for the ordinary people of Greece!!!!!!”
Please read my previous posts on the subject including one a few weeks ago. Like all toy town revolutionaries you are long on encouraging others suffering for the cause and short on practical analysis or solutions.
NATO bases. You have a naval base (500 hectares), an air base and a missile firing installation.
https://en.wikipedia.org/wiki/Souda_Bay#Current_military_activities
How important is that Souda Bay naval base ?
This much;
“F@%K your Parliament and your Constitution. America is an elephant. Cyprus is a flea. Greece is a flea. If those two fleas continue itching the elephant they may just get whacked by the elephants trunk. Whacked good….We pay a lot of good American dollars to the Greeks, Mr. Ambassador. If your Prime Minister gives me talk about Democracy, Parliament and Constitutions, he, his Parliament and his Constitution may not last very long.”
President Lyndon Johnson who tells the Greek Ambassador
http://www.ahistoryofgreece.com/junta.htm
Nice type Macky.
There used to be this saying at the time of the Vietnam War – All the way with LBJ
http://blogs.weta.org/boundarystones/sites/blogs.weta.org.boundarystones/files/LBJ%20button.jpg
This one’s for Habby, who seems to have had a nervous breakdown of late…
Renouncing US Citizenship – Ken O’Keefe
https://www.youtube.com/watch?v=1Ckd3orvDeE
(O’Keefe was a marine who saw frontline service in Iraq)
Can anyone work this out please?
385 billion pounds Sterling (QE), shared by 60 million people.
How much per head?
Harley Gay You mentioned the oleaginous Nick Robinson this afternoon. He popped up on Loose Ends Radio 4 earlier.
Introduced as ‘the familiar and reliable face of political broadcasting’ by one BBC stooge about another. LOL
http://www.bbc.co.uk/programmes/b060q9tm 15mins in
He’s flogging a book of course.
“when he’s good he’s very very good, when he’s bad, he is awful” 😀
http://members5.boardhost.com/medialens/thread/1436029378.html
So SS and Fedup are in favor not only of illegal immigrants but of using borrowed money to pay them benefits, which is what one could have assumed, namely, that they are for swamping the UK with immigrants the faster to reduce the indigenous population to minority status. Their position is that of the politically correct pro-genocide party.
@CanSpeccy, so I guess that you wouldn’t approve of this suggestion ?! 😀
“If I were in charge of Greece not only would I threaten NATOxit I’d give all boat people EU passports as a passing gift to Cameron and all the fascists in Europe who seem to think bombing the Middle East and Africa had nothing to do with the refugee crisis millions are facing.
And of course I’d give the Troika not one finger but two when it comes to paying back their odious debt.”
I think new coinage has already been minted for Greece, Macky.
‘NATOtoxcity’
Well done, lad.
@Robert Crawford
4 Jul, 2015 – 7:50 pm
I dunno, about £6.5 million per person.
Perhaps more importantly, UK tax revenue (largely screwed out of ordinary Janes and Joes) amounts to about £1.5 trillion per year.
It’s a pot of gold, that the corporations have now got their claws into.
Cue the corporate controlled media to tell us about why we need austerity so urgently…
Robg.
If your sums are correct, think what that would have done for poverty, homelessness and business in general.
We would all be a lot happier, healthier and less likely to revolt.
I fear that when the hungry man becomes the angry man we will all lose big time.
I would also tax the turnover of the big companies to make them pay their fare share.
There’s an ancient Greek precedent for debt forgiveness: Solon’s Seisachtheia.
Robg.
I think 6.5 million is too high. I think it is 6 point something, but what?
Everyone would have left the U.K. with that amount of money, like a blue arsed fly!
@ Macky,
If I were in charge of Greece not only would I threaten NATOxit I’d give all boat people EU passports as a passing gift to Cameron and all the fascists in Europe who seem to think bombing the Middle East and Africa had nothing to do with the refugee crisis millions are facing. …
I don’t see why one would threaten to exit NATO. Why would one not just exit? Fear of a NATO invasion, perhaps. If so, one would have to decide whether to enter into an alliance with Russia.
In this respect, Britain seems to be in a better position than Greece to exit NATO since Britain has nukes, at least in theory, although in fact they may be under effective American control. But assuming British military independence of the Empire, then Britain could stand alone, as Israel is able to do with its nuclear deterrent and its declared intention to bring down the world if Israel ever faces destruction.
As for the ME refugees, it would be better to stop creating them than to ship them all to Britain, although if you are going to accept immigrants, genuine refugees, i.e., those fleeing for their lives, make the best citizens. They tend to be genuinely grateful to their new homeland and are inclined to assimilate its culture and mores, unlike Britain’s Islamic settlers who seem to openly despise the indigenous people and intend to supplant them as the religious, legal and political authorities in the land.