It's a murder story.
The
victim is being slowly strangled to death, the police were called by
the victim but the cops were not interested and the crime is due to
continue.
Of
course the strangler has his objective, that of applying pressure, just
short of asphyxiation. His head is lost in the passion of financial
conservatism which he remembers as being the saviour of his own nation.
What his memory excludes, as with all fanatics is the very generous
terms which were offered to Germany when the "austerity", brought about
by the "reparations" demanded, particularly by France after the 1st
World War, were seen to be destroying the country and very sympathetic
restoration was pursued, by particularly the Americans.
Also in 1953 when, due to the American Marshall Plan which in effect
pumped 150 billion dollars into Europe to stimulate the war torn
economies it also offered Germany enormous debt relief to help the
country recover.
The
image therefore of the German Finance Minister, Wolfgang Schauble with
his hand around the neck of Greece, demanding payment in full with "no
debt relief" is to me beyond comprehension.
The
commentators have been scathing of Alexis Tsipras for calling for a
Referendum, winning an outstanding "No" vote on increased austerity
(which mainly the Germans had been demanding) and now, caving in to the
pressure and accepting what the creditors demanded.
I
think Tsipras played a blinder. Firstly he got the populous on his side
and showed the unity and the desperation of the Greeks to the World,
particularly to the U.S.
He
made headline news and showed that even under the desperate straights
his country was in under the hard, unyielding financial hegemony of
Germany a nation showing no empathy when only 60 years ago the Germans
were offered and needed exactly what they were now denying Greece.
When
the EU cry about the massive bailouts they have placed in the Greek
banking system they fail to mention that the bulk of the money is
returned to the EU banking system as repayment for the last loan. It's a
merry go round with few Greeks benefiting, other than being kept on
"life support"
The
focus of Tsipras is to get a moratorium, or a 'right off' of a large
part of their debt so they can breath again. His modernisation of the
Greek state, (tax and pensions), has been agreed but will take time but
his focus and the glare of publicity he has shone on the impossible
burden of existing debt will I hope drive the Wolfgang Shaubles of this
world back into their den perhaps to read their own history and become a
little less judgemental.
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