Greek Vote Pushes EU to Limit
The resounding victory of Alexis Tsipras in the Greek
election was certainly a referendum that rejected the austerity demands placed on Greece by the European Union. The Wall Street
Journal says the following, in Syriza Win in Greek Election Sets Up New Europe Clash.
Syriza victory marks an astonishing upset of Europe’s political order, which decades ago settled into an orthodox centrism
while many in Syriza describe themselves as Marxists. It emboldens the challenges of other radical parties, from the right-wing
National Front in France to the newly formed left-wing Podemos party in Spain, and it sets Greece on a collision course with
Germany and its other eurozone rescuers.”
What informed political onlooker did not see this coming? The EU acts as if it was a Holy Roman Empire using some
very unholy demands and requirements. Since Greece has a laid back culture, the notion that imposing a rigorous German work
ethic on the Mediterranean city-states is about as shortsighted as allowing a popular vote in the cradle of Democracy. If
the EU wants to be the seat of the Banksters New World Order, rectifying this oversight needs to be part of any additional
rollovers of the debt.
The NYT reports
on the German reaction to this election, in Greece Chooses Anti-Austerity Party in Major Shift.
Greece sees itself as being punished by creditors’ demands, Germany and a host of European officials have argued that
Greece and other troubled nations in the eurozone must clean up the high debts and deficits at the root of Europe’s
crisis . They say Athens has failed to make enough progress on structural reforms seen as necessary to stabilize the economy,
and they are pressing Greece to raise billions of euros through more budgetary cutbacks and taxes.”
Sounds like NATO Panzer tanks may need to surround the Acropolis. At issue is
the next round of payments and exactly how far Tsipras’ new coalition government will push back.
From the socialist French press, Greek radical-left leader vows to end 'humiliation and pain', the precedent dispute provides a look at the agenda that will be fought over.
“Greece’s bailout deal with
the eurozone is due to end on February 28 and Tsipras’s immediate challenge will be to settle doubts over the next installment
of more than 7 billion euros in international aid. EU finance ministers are due to discuss the issue in Brussels on Monday.
Tsipras has promised to
renegotiate agreements with the European Commission, European Central Bank and International Monetary Fund “troika”
and write off much of Greece’s 320-billion-euro debt, which at more than 175 percent of gross domestic product, is the
world’s second highest after Japan.”
The imposed neocolonialism
from Brussels technocrats on Greece after the 2008 financial bubble is A True Greek Tragedy - Odyssey of the EU, concluded that “This tragedy is
an existential test. Appreciate the absurdity of compliance with the New World Order, and apply comic relief, to those who
follow commends of the EU Poseidon ship of state.”
At stake is the ability of the EU to continue their centralization dictates in the face of public resistance.
The victory of SYRIZA provides encouragement for similar movements from Spain, Portugal to Italy. However, such self-government
enthusiasm flies in the face of the institutional power of the blue-blood aristocracy of financial elites, who in the past
have never hesitated waging, war to suppress independence sentiments.
The term Grexit is introduced to forewarn the op-out of the EU option. Further explanation
is elaborated in Greece lightning: six things you need to know about Syriza’s victory.
1. Background – the Greek economy
2. Yesterday’s election –
and why Syriza wants to stay in the EU
3. But Germany is more relaxed about a ‘Grex
4. It’s now a question of how
far Germany will budge
The Eurozone is (probably) strong enough to withstand Grexit
6. But still, Grexit would be a risk
that no one actively wants to take
Hugo Dixon: Grexit still unlikely after Syriza win takes another viewpoint. His outlook is based on the assumption that “no head of government in the other euro countries
wants Greece to leave”, so some kind of accommodation will be offered to appease the factions that resist their inordinate
there might be a way of cutting a deal. The snag is that doing so would involve a massive somersault – or what Greeks
call a “kolotoumba”. Many of Tsipras’ backers would then accuse him of betraying their cause. It is still
far from clear whether he is prepared to do that.
But if the Syriza leader is not prepared to compromise, Greece will default and will have
to impose capital controls to stop the banks collapsing. If the people then forced the government to backtrack, there would
be one final chance to stay in the euro. Otherwise, the drachma would beckon.”
Oh the horror of a country leaving the European Union and chucking the EURO.
The factual consequences of Greece exiting the EU should not be gauged solely in economic terms. The limits upon which the
Bilderberg oligarchy will tolerate liberation dissent become the decisive price and test of brute power in this battle for autonomy.
The Greek version of socialism is surely
no model for economic prosperity. Nonetheless, the systematic fleecing of Greek assets by the vultures preying on the misery
from the 2008 crash has yet to be put back in balance.
The viability of EU Bonds Rollover Debt with a Chinese Bailout makes the case why the EU is vulnerable to the mountains of their own obligations. The most likely outcome from the election
of Alexis Tsipras is that a rescheduling rather than a reduction in the amount of indebtedness will take place. The EU Rothschild
band of thieves knows no forgiveness, when it comes to collecting on their phony debt created currency loans.
The brave Spartans saved civilization at Thermopylae.
It is doubtful that type of campaign can be fought again by today’s Greeks.
James Hall – January 28, 2015
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