Nobody like bullies and blackmailers, but few have the guts to stand up and be counted. The Greek Prime Minister would seem to be an exception to this rule.
The Greek government owes a staggering amount of money. €220 billion to the various countries that have given it bailout funds, €39 billion to private investors and €120 to financial institutions including it’s own banks. That breaks down as 60% to the Eurozone, 10% to the IMF, 6% to the ECB, 15% in bonds and the rest to various banks. Let’s face it, there is no way they will ever pay it back and it amounts to around 180% of Greece’s GDP.
The Germans, of course, know they’ll never be able to pay it back. In fact Germany is owed €56 billion on it’s own. But for the Germans, this is a good investment if it effectively bankrupts the country so they can force a regime change and install a puppet government that will do Berlin’s bidding.
Make no mistake. This is the third great European war. The third attempt by the Germans to take over the continent. That’s what the EU is about and what it has always been about. It worked for Prussia when they absorbed Germany, and it’s working again now. If the plan ain’t broken, then there’s no need to fix it.
I admire Alexis Tsipras’ stand against this tyranny. He was elected by the Greek people to stand up for Greece. This is a stand against revolution, against bulllying, against blackmail, and against a Fourth German Reich. Tsipras was elected on a clear mandate against the external forces attacking his country to support the electorate who have had enough of being screwed and humiliated. And in my view, he’s doing exactly what he should be doing.
One interesting development that hit the financial press on Tuesday was a plan by Greece to take the EU to court in it’s very own Court of Justice. They are considering an injunction to prevent Greece being forced out of the Eurozone. Didn’t see that in the MSM did you?
It seems that the Germans thought they were being clever when they worded the treaties in such a way that once you were in the Euro, there was no provision for leaving it. Effectively, when you’re in then you’re locked in.
The Germans are threatening to kick Greece out if the referendum goes ahead. The French are being pretty vocal about it too. Germany’s vice-chancellor said “At the core it is a yes or no to remaining in the Eurozone.”
Well,maybe not. Just maybe they’ve all underestimated the resourcefulness of the Greek government. I, for one, would be delighted to see the Greeks play this particular card…