Time and again last night I heard the message from politicians, commentators and economists that Greece needs a new beginning. It needs reform of its economy, its taxes, its corruption, its civil service and more besides.
And those same people then went on to celebrate the fact that the status quo has been preserved.
This is the paradox inherent in this Greek farce. Those who recognise the need for change are desperate to prevent it happening.
And that's why this election result will solve nothing. The people of Greece cannot survive the burden being demanded of them. That's a simple fact; it's not a subjective comment. In which case this election has not addressed the issues in urgent need of being addressed. All it has done is keep some bankers happy, temporarily.
Greece needs urgent reform. It needs to be a Courageous State. That path has been blocked for now. But its time has to come.
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Greece needs a jubilee, as do many others in hock to the banksters.
The powers that be were terrified that Greece would demonstrate that there is an alternative, so they are celebrating that it will probably stick to the current programme, perhaps with some minor modifications.
It should be noted as well that around fifty five percent voted against austerity (though admittedly some of that was for scum like Golden Dawn), it is the fifty-seat “bonus” that distorts proportional representation that also distorted the will of the people here.
If a New Democracy-PASOK coalition forms and continues the austerity programme Greece will not recover and it will be even harder to turn it around if a Government genuinely committed to growth comes to power.
Most important though is the fact that Greece has suffered quite enough already, Regardless of the Government gets, it must be helped.
The new European Treaty may make things a lot was for the Greeks – This isThe European Stability Mechanism.
Member states will have to fund it with 700 bn (initially). It is a permanent compulsory bailout fund for the banks, funded by the tax payers of member states.
I have read parts of the treaty, it exempts the EMS from the judiciary, and from paying any taxes, but dictates financially to member states.
It looks horrendous to me, but I would be grateful for anyone who can explain it further.
http://webofdebt.wordpress.com/2012/04/18/the-european-stabilization-mechanism-or-how-the-goldman-vampire-squid-just-captured-europe/
http://www.youtube.com/watch?v=ELyz66y15c4&feature=related
I agree with your concerns
Disagree with Carol on this one. Public domain assets are stolen not sold where the public have no voice or say no with what voice they have. Compensation is due.
I’m no expert but I can add up. The eurozone sovereigns and their banks owe trillions and a lot is due to be rolled over in the next 12 months. Where is the money coming from? All but Germany, Austria and Finland are bust – and they don’t have enough money. The markets won’t lend the money except at punitive rates if at all.
Underlying it all is that the sticking plaster policies haven’t addressed the basic flaws – a single exchange rate for countries as diverse as Germany and Greece, the same for interest rates, every country borrowing separately, and a central bank that isn’t.
There are, it seems to me, only two solutions. Dissolve the eurozone, which would probably mean the collapse of the EU.
Or total fiscal, monetary and political union for the eurozone with a proper central bank, which then needs to print over two trillion to bail everyone out. The latter will mean some inflation but could work. But would 17 different countries agree to central control over everything with their governments no more than councils? Would Germany agree to subbing Greece forever? I doubt it. So the euro and EU could soon be toast.