EU Borders at Breaking Point as Migrants Shipped to Frontier

This blog has always tried to point out to the lefties who screech about “open borders” that the European Union commitment to free movement of Labour only applies to citizens of EU member states moving withing the Union. They are closed minded and bigoted on the subject of course, “open borders” facilitating the movement of hundreds of millions of uneducated third world peasants to the developed nations is one of the sacred cows of their ideologically driven agenda and practical considerations like how do nations cope with the burden of feeding, housing and providing social benefits the extra, mostly unemployable people when its population is increased by 50% in a short time while the economy remains stagnant?

from Breitbart Europe

Tensions on Europe’s borders with Turkey are rising as thousands of migrants are brought to the frontier on unmarked buses and state-owned railways.

Recep Tayyip Erdogan said his country’s borders to Europe were open for migrants some days ago, ostensibly because his country could not cope with an increased flow of refugees from Idlib, Syria.

Yet the move follows years of threats made by Erdogan to punish Europe for not furnishing his Islamist government with money and political support by opening Turkey’s borders — behind which are 3.5 million or more migrants waiting to travel to the West.

Erdogan has repeatedly expressed frustration with Europe’s failure to fully back his military operations in the Syria to carve out a Turkish zone of control and prop up rebels linked to al-Qaeda, which has resulted in deadly clashes between his forces and the Russian-backed Syrian government and its Iranian and Iran-linked allies.

Number of refugees at Greek border keeps increasing. Sea crossings will be impossible to stop as weather improves
pic.twitter.com/a1yziecweZ

— Bruno Maçães (@MacaesBruno) February 29, 2020

There are now thousands of migrants packed into the so-called no man’s land on the Greco-Turkish border, with the Greek authorities struggling to repel the reportedly mostly male migrants seeking to breach the European Union’s common external border.

Despite Erdogan’s suggestions that the migrants are recent refugees from Idlib, this does not appear to be the case, with the migrants coming from all over Africa, the Middle East, and South Asia.  Continue reading

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Merkel Faces Crisis As German Ruling Coalition Collapses

 

German Chancellor Angela Merkel faces a crisis in her ruling coalition after Bavarian Premier Horst Seehofer demanded she take steps to halt the tide of illegal immigrants entering the country. To have any chance of surviving, the government must present new initiatives for controlling illegal immigration, deal with the critical situation on the Austrian border …

New German Coalition in Peril as Potential Partners Clash over 200,000 Annual Migrant Limit

Reports that German Chancellor Angela Merkel has agreed a proposal from coalition partner and leader of the Christian Social Union (CSU) Horst Seehofer to limit the number of asylum seekers in Germany to 200,000 per year to secure a ruling coalition may be somewhat premature. Other coalition partners are not as positive on the policy.

Merkel Calls for Beginning of Coalition Talks With Greens, Free Democratic Party

German Chancellor Angela Merkel officially announced on Saturday for the first time that her conservative bloc of the Christian Democratic Union (CDU) and its Bavarian sister party Christian Social Union (CSU) will seek to form a coalition government with the centre right Free Democratic Party (FDP) and left wing loony Greens.

German Elections: Anti – EU party AfD 3rd In PollsElections take place in Germany this Sunday, September 24, for the federal assembly (Bundestag) and the presidency (Chancellor). While Angela Merkel looks set to win a fourth term as Chancellor and the most likely outcome of the election is another “Grand Coalition” between Christian Democrats and Social Democrats that coalition will be a much-weakened if late polls are to be believed.

Brutal Scenes From Greek Anti-Austerity Protests

August 20, 2018

After eight years of austerity, four governments, three bailout programs, a country full of misery, a capital full of protesters, and a whole galaxy of Molotov cocktails, firecrackers, riots, and clashes with police, Greece does not seem to have moved forward at all. As Greece prepares to exit its third bailout program since 2010, The Daily Stirrer takes a look at the latest outbreak of Greek street protests, the result of almost nine crisis-filled years.

In one particularly violent episode, a mass brawl broke out outside the Ministry of Administrative Reform in Athens, this clip shows demonstrators being rather brutally pushed back by riot police.

Mass rallies in Athens always seem to descend into violence, like the one featured below, as Greece’s parliament voted on further erosions of Greek sovereignty to unlock the EU bailout money, with protesters chanting against Greek Prime Minister Alexis Tsipras and throwing incendiary flares at police wearing anti-riot gear.

Since the Greek crisis started in late 2009, the country has racked up a massive debt and pursued strict austerity policies to unlock international emergency loans. In 2015, Greece’s creditors — the Eurozone and the IMF — launched a third stability support program in eight years. The bailout, which made up some 86 billion euros, was provided in exchange for austerity measures that included pension cuts and tax increases. It is scheduled to expire on August 20, 2018, but Greece’s road to recovery is not over yet, and will not be over until the nation is released from the suffocating constraints of The Euro (€) the European Union single currency.

 

Why I voted for Brexit

I often get asked, As a Brexit supporter ca you give me one definite advantage of leaving the largest trading bloc in the world?

Well where do I start?

The question asks me to state the reasons why I voted the way I did but it is the wrong question all the same.

I voted for ‘leave’ but I didn’t vote to leave a trading bloc. I voted to leave because I had lost faith with the ability of the European Union to be able to successfully govern itself. There have been several tests of the EU governance model over the past decade or so and, in my opinion, the EU has failed almost all of them.

1. The way that the EU treated Greece during their financial collapse was a salutary moment for me. I am not Greek, have never been there and don’t really have any intention to in the future, but the way that the EU put the interests of the German banks ahead of the outcome of the population was scandalous. A community of nations? Not a chance!
2. The EU should never have allowed the Greeks to get themselves into the situation whereby their economy would go into free fall. Everyone knew the Greeks were fiddling the books, not paying taxes, running up huge pension liabilities etc, but nothing was done because the EU desperately wanted Greece in the single currency system and that political goal was more important that the welfare of the Greek population.
3. Nothing ever is done to address real problems because the political goals (ever closer union, a single currency, an EU army etc. take priority, and that is the Achilles heel of the EU. Italy is in an equally parlous state: its banks are basically bust, tax avoidance is high and it has severe budgetary problems. Nothing will be done by the EU and they will do everything in their power to obstruct any action by the Eurosceptic government of Lega amd Five Star aimed at tacking the problem.
4. The Southern European countries are all still suffering from a decade of zero growth Or negative growth), high unemployment and stagnation. I had a plethora of talented and skilled Italians, Spaniards, Portuguese, Greeks and Cypriots work for me in London. I know they are not coming to London for the weather or the food. They are coming because their economies have collapsed and they are unable to find work. A generation of youth has been failed.
5. The failure to offer a coherent and viable approach to the migration issue of a few years ago was the final straw. Again the Southern European countries who had to deal with the huge influx received no meaningful assistance. They were (and still are) thrown under the proverbial bus.

These are just a few examples of some of the biggest failures of coherent governance within the EU and national governments. This is not sustainable in the long term, you cannot keep “kicking the can down the road”. Things need to fundamentally change but I do not have any faith the required political will is there.

Ultimately I took the view that the EU did not have the political will or capability to join too many disparate political views and requirements together. The Northern bloc, Southern bloc and Eastern bloc have economies and histories/cultural biases that will take generations to merge even if the political will is there. It isn’t. This doesn’t end well and I don’t want my children to be tied into an organisation that is not capable of running itself.

Now this is not to say that I think that life outside the EU will be easy for the UK. It won’t. I am also not saying that the governance model in the UK is exemplary. It isn’t and the London centric bias needs to be fundamentally reviewed. But I am taking the very long view and I think that when the day of reckoning comes for the EU, which it will unless the EU is able to fundamentally change the way it is run and operated, then the UK (and my children) will have built up a diversified and resilient trading capability with the whole world and not just the parochial view it currently has with the EU.

Clearly the above analysis is flawed if you think the EU is well governed and you feel that I have fundamentally misunderstood what has happened over the past decade.

 

Greek Government Survives No Confidence Vote in Parliament

via AFP

Greek Prime Minister Alexis Tsipras managed to overcome a no-confidence vote in parliament on Saturday, creating conditions for the signing of an accord with Macedonia to settle a long-term name dispute.

The vote was initiated by the opposition New Democracy party, which blamed him for making too many concessions over the agreement, but repelled by Tsipras supporters.

During the vote, thousands of Greeks gathered outside the parliament building, urging the Prime Minister to resign. Police used tear gas in the center of Athens against the group of protesters who tried to break into the parliament, the Athens news agency AMNA reported Saturday.

Several dozen people protesting against the agreement on the new constitutional name with the former Yugoslav Republic of Macedonia tried to climb up the stairs to the parliament building in Syntagma Square, and the police used gas to stop them, the agency reported.

The no-confidence vote initiative failed to reach its goals as Tsipras government has 154 out of 300 in the parliament.

Clashes in Greece as Thousands Protest EU Austerity

An anti-austerity protest march in the Greek capital Athens turned violent Wednesday as a general strike, of which the protest was part, halted flights, ferries and public transportation across the country. Thousands joined similar anti – austerity marches across the country to protest against sancions imposed by the EU that have plunged many Greek citizens into poverty. A small group of protesters threw petrol bombs and fired flares at riot police after the marchers were halted. Police responded with tear gas.

While riot police were dealing with the violent protestors, other police officers, protesting against pay cuts and other measures imposed because of EU economic controls blocked the entrance to a Finance Ministry building.

The new measures that will be imposed beyond the end of Greece’s third bailout next year, including pension cuts and tax hikes, will only serve to strengthen opposition in Greece to continued membership of the EU and patricularly the Eurpean single currency (Eurozone) which Germany has used to shaft many of the EU’s smaller member states. The left-led coalition government agreed to the cuts as part of a deal with the country’s international creditors to release funds from its bailout. Needless to say those creditors, with the complicity of the Euronazi bureaucratic dictatorship in Brussels has shat on the Greek people to serve the interests of big finance and corporate business.

At the height of the strike action, thousands of protesters marched through central Athens toward parliament in a series of demonstrations. “No to the new looting of salaries and pensions,” civil servants union ADEDY said.

Police union members hung a giant banner off the side of Lycabettus Hill in the center of Athens, with a slogan in German and Greek reading “how much is the life of a Greek policeman worth?”

Public hospitals were functioning with emergency staff only, while public transport was disrupted, leaving many main roads gridlocked in the capital. Intercity trains were not running, and there was no subway service between Athens airport and the city. Courts were shut while lawyers and notaries public backed away from official duties, and customs and local government offices were closed.

Air traffic controllers were holding a four-hour work stoppage in the middle of the day, leading to the rescheduling or cancellation of more than 150 flights. Ferries were also tied up in port until late Friday after seamen began a four-day strike Tuesday.

Unless bailout funds are unlocked, Greece would once more struggle to meet a spike in debt repayments due this summer and face another brush with bankruptcy.

In parliament, lawmakers were debating the measures that include additional pension cuts in 2019 and higher income tax from 2020, ahead of a Thursday midnight vote.

Why is Washington Worried As Georgia’s Turns To Russia?
Analysis of results from opinion polls taken conducted throughout 2015 in the small Caucasian nation of Georgia show a trend of reducing support for government’s aims of joining the European Union and NATO. “That coincides with increasing support for anti-West and pro-Russia political groups in Georgia’s elections,” a report suggests.

European Parliament: Dictatorial Martin Schulz dissolves EEFD Group of Euro-skeptics
The Daily Stirrer has always said that the european Union was not an association of free states collaborating to make trade easier, but a bureaucratic dictatorship under the palsied heel of which the freedom and sovereigfnty of democratic nations wouldf be crushed. Here’s an example of an EU Bureaucrat autocratically overruling the democratically expressed with of the voters.
Labels: [Europe] [LWTC]

Soon You Will Be Able To Give All Your Money To The EU … or face the consequences
While France’s Hollande and Spain’s Rajoy are making placatory noises about the unique nature of the Cyprus bank deposit snatch of 2013 was a ‘unique situation’ and that banks and not depositors should be responsive for insolvency, none other than Dutch Finance Minister Dijsselbloem has admitted what we all knew: DIJSSELBLOEM SAYS LEVY ON WEALTH IS DEFENDABLE IN PRINCIPLE

After Europe’s Political Earthquake Scandal, Sleaze, and Corruption Are Gifts for Le Pen, UKIP and Eurosceptics
Our New Unhappy Lords, the smooth faced, soft handed pen pushers and bean counters of europes ruling bureaucratic dictatorship must have though they were coasting towards their goal of integratinf the European Unions member states into a single federal technocracy. Unfortunately for them they voters are not as stupid or apethetic as they imagined, neiher were the politicians of establishment parties as competent as they claimed.

Euro Corruption: This Will Make Globalists Understand Why They Should Have Voted For UKIP
We are faced with demands for larger budget contributions from member states to the cash hungry monster that is EU Bureaucracy. A casual analysis however reveals the only thing the European Union administrative authorities do efficiently is waste our money on vanity projects. A closer inspection however shows bureaucratic incompetenve and vanity is a lesser problem for Europe than the cancer of corruption that has spread through every level of the Union.

If There Is An Anti EU Surge Across Europe What Should Cameron Do?
There is a solar storm of anti European Union feeling surging across the EU, from Finland to Greece. The integrationist bureaucratic dictatorship in Brussels has devivered economic disaster, political chaos and foreign policy humiliation and yet they march on toward the abyss proclaiming theirs is the only way. As the UK Independence Party are one of the largest and best organised anti – EU parties, the shock waves of a protest vote will be felt more acutely in Britain.

Grand Theft Euro
When this report popped up on Reuters news feed, market analysts at Zero Hedge thought the article, titled “EU executive sees personal savings used to plug long-term financing gap”, which leaked a proposal by the European Commission, was a hoax. as hours passed without a retraction appearing however, it became apparent that the story is true …

Financial Crisis? The Dow Has Already Fallen More Than 1000 Points From The Peak Of The Market
The dramatic falls in world wide stock markets over the past week hows that the Daily Stirrer finance expert was correct in predicting this, such recovery in the global economy as has happened since 2008 has been the result of printing money and manipulating the markets. This latest action is part of a massive heist by the bankers to drain the value from our savings and pensions

Financial Coup in Greece? Source: Le Monde Diplomatique
From France Le Monde Diplomatique reports that four months after Syriza’s victory in the Greek election, with the traditional parties of government, the Panhellenic Socialist Movement (Pasok) and New Democracy (right wing) have been completely destroyed. The first radical leftist government since the “mountain government” at the time of the German occupation is still very popular despite its struggles to resist EU presure for more austerity.

Death By Debt Of Western Civilization?
As an election looms in 2015, with an echo sounding by election just weeks away, the british economy has bounded into recovery after looking to have stagnated for a couple of years. but is everything as it seems, can we really believe that growth is up while unemployment and inflation are down. Or is it all just more smoke and mirrors.

Former Portugese Leaders Calls For A Debt Default
Mario Soares, the former Portugese first minister has spoken out against austerity measures imposed by the E U and called on Portugese politicians to opt for an Argentine style default.

The European Union May Be on the Verge of Regime Collapse
Europe panics at possibility of Grexit
The Pain In Spain – Will This Be The Next country To Rebel Against EU Tyranny
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Elsewhere: [Boggart Blog]…[Little Nicky Machiavelli]…[Scribd]…[Wikinut]

I Love A Good Greek Drama

First of all sad but not unexpected news this week that blog.co.uk is to close. We will be able to export our blogs to wordpress apparently but whether all the links well transfer and the SEO fuel be passed on we cannot yet know.

Meanwhile, life and the greek economic crisis go on. In what might be an attempt to turn a crisis into a Greek drama, one of the country’s oldest surviving newspapers I Kathimerini has predicted the latest developments will drive the country to civil war.

It has been a painful six months six painful for Greece, with round after round of bitter argument between Greek politicians (Yannis varoufakis notably) and its creditors producing all sorts of speculation about what a “Grexit” would actually entail but no workable solution.

With no historical precendent, planning a member state’s exit from the currency bloc has proved a virtually impossible task, but the collective efforts of the marketsd, mainstream media, political opportunists, and fuckwit economists has managed to produce a veritable dogs dinner of diagrams, decision trees, flowcharts, schematics, statistics, spells and charms in a futile attempt to map the complex interplay of politics, economics, and financial considerations that would follow if Athens decided to finally break off its ill-fated relationship with Brussels.

And it wasn’t just people with an interest drawing up Grexit plans. The game was joined by David Cameron, Francois Hollande, Piers Morgan, John Bishop, Beppe Grillo, King salaman, old Barack Obama and all and all, old Uncle Tom Cobleigh and all.

EU officials denied the existence of a “Plan B” right up until German FinMin Wolfgang Schaeuble’s “swift time-out” alternative was “leaked” last weekend, no one outside of polite eurocrat circles pretends that a Greek exit wasn’t contemplated all along. Yanis Varoufakis insists that Athens was threatened with capital controls as early as February if it did not acquiesce to creditor demands.

Now in the most shocking revelation yet about what EU officials really thought may happen in the event Greece crashed out of the EMU and unceremoniously reintroduced the drachma, highly repected newspaper Kathimerini has published a description of what the leader writer calls the “Grexit Black Book,” which purportedly contained the suggestion that civil war would breakout in Greece in the event the country was forced out of the currency bloc.

Here’s more (via Google translate)You’ll see what I mean about Greek drama:

” On the 13th floor of the building Verlaymont in Brussels, a few meters from the office of the European Commission President, Jean-Claude Juncker, stored in a special security room and in a safe Greece’s exit plan from the Eurozone. There, in a multi-page volume, written in less than a month from 15-member team of the European Commission, answered questions on how to tackle such an outflow, including, as shocking as it may sound, even the possibility of the country out of the Treaty Schengen, and not only being driven outside the euro, but also outside the EU

According to European official, in that the European Commission Summit already had a bound volume, a multi-page document, which described the Greek prime minister, before the start of the session, by the same Mr. Juncker with all the details of a Grexit , giving him to understand the legal and political context of such a decision. In multipage document in accordance with European official who has the ability to know its contents, there are detailed answers to 200 questions that would arise in case Grexit.

These questions, as he explains official, are interrelated, as an exit from the euro would create a cascade of events, which would evolve in a relatively short time. From the drachmopoiisi economy to foreign exchange controls that would take place at the country’s borders and which will ultimately lead at the exit of Greece from the Schengen Treaty.

The authors of the draft, according to European official, conducted under conditions of absolute secrecy. A special group of 15 people of the European Commission, by direct contact with Greece started to prepare, and was also in direct contact with a number of senior officials and DGs in the European Commission who had expertise in specific areas. The writing of the project started when the expiry date of the program (end of June) was approaching, so it is the Commission prepared for every eventuality, and by the time the referendum was announced, Friday, June 26, the relevant procedures were accelerated. The weekend of the work referendum intensified, so now two days later, Tuesday of that Synod, the project has been finalized.

According to well-informed source, involved in creating the plan worked “suffer the pain” as typically describe the “K” and “overwhelmed” because they could not believe that things had reached this point, and most of them had direct involvement with the Greek rescue programs. The European Commission also was hoped that even until the last minute solution would be found as members of this group knew better than anyone the consequences exit of Greece from the Eurozone and understand the cost of such a decision. One of those involved with direct knowledge of Greek reality in the critical phase of the training, he said the rest of the group that “if implemented this plan, the streets of Athens will sound tracks of tanks.”

It’s not entirely clear what is meant by “will sound the tracks of tanks,” but perhaps google translate which is good but far from perfect, has obfuscated the sense of what the Greek text was saying. We must assume the suggestion is not that the EU and its constituent member states would somehow seek to orchestrate a military takeover of the Greek state in the event Athens makes the ‘wrong’ decision about EMU membership (although with help from the USA, that’s exactly what they did in Ukraine).

A more resonable interpretation based on the information presented by Kathimerini seems to be that Brussels was of the opinion that the referendum results together with the divergent rhetoric emanating from Greek politicians on the far-right and far-left betrayed the degree to which the Greek people were divided on the issue of austerity. Although Tsipras’ concessions will have far-reaching consequences for national politics and Greek society, it looks as though Brussels feared that the economic malaise that would have resulted from a Greek departure from the single currency and return to the drachma might have triggered a level of civil unrest that would ultimately have to be brought under control by the Greek army. We can only wait and see.

Greece: A New Versailles

In spite of rejoicing over the story (which is looking more credible as time passes) that leftie loony Comrade Jeremy Corbyn is set to win the race to lead the Labour Party and will certainly take the party so far to the left they will end up on the right of Pol Pot, we are still cheering another left winger, former Greek finance minister Yannis Varoufakis.

In his latest swing of the big dead fish with which he keeps slapping the EU leadership, V-fak has accused Brussels and the Troika of imposing “A new Versailles” on Greece, a reference to the humiliating and punitive treaty France (though opposed by Britain and the USA insisted on imposing on Germany after World War 1 and which is generall accepted as having led to the rise of Naziism and the outbreak of World War 2.

Here’s a little from V-fak’s latest outburst, with the qualifier that while we do not support a lot of his left socialist economic thinking, he has the big one absolutely right, globalism and the expansionist policies of the EU are corporatism, the sibling of fascism, and have nothing to do with democracy, free speech and the underlying principles of democratic societies. Over to V-fak.

In the next hours and days, I shall be sitting in Parliament to assess the legislation that is part of the recent Euro Summit agreement on Greece. I am also looking forward to hearing in person from my comrades, Alexis Tsipras and Euclid Tsakalotos, who have been through so much over the past few days. Till then, I shall reserve judgment regarding the legislation before us. Meanwhile, here are some first, impressionistic thoughts stirred up by the Euro Summit’s Statement.

A New Versailles Treaty is haunting Europe – I used that expression back in the Spring of 2010 to describe the first Greek ‘bailout’ that was being prepared at that time. If that allegory was pertinent then it is, sadly, all too germane now.

Never before has the European Union made a decision that undermines so fundamentally the project of European Integration. Europe’s leaders, in treating Alexis Tsipras and our government the way they did, dealt a decisive blow against the European project.

The project of European integration has, indeed, been fatally wounded over the past few days. And as Paul Krugman rightly says, whatever you think of Syriza, or Greece, it wasn’t the Greeks or Syriza who killed off the dream of a democratic, united Europe.

Back in 1971 Nick Kaldor, the noted Cambridge economist, had warned that forging monetary union before a political union was possible would lead not only to a failed monetary union but also to the deconstruction of the European political project. Later on, in 1999, German-British sociologist Ralf Dahrendorf also warned that economic and monetary union would split rather than unite Europe. All these years I hoped that they were wrong. Now, the powers that be in Brussels, in Berlin and in Frankfurt have conspired to prove them right.

The Euro Summit statement of yesterday morning reads like a document committing to paper Greece’s Terms of Surrender. It is meant as a statement confirming that Greece acquiesces to becoming a vassal of the Eurogroup.

The Euro Summit statement of yesterday morning has nothing to do with economics, nor with any concern for the type of reform agenda capable of lifting Greece out of its mire. It is purely and simply a manifestation of the politics of humiliation in action. Even if one loathes our government one must see that the Eurogroup’s list of demands represents a major departure from decency and reason.

The Euro Summit statement of yesterday morning signalled a complete annulment of national sovereignty, without putting in its place a supra-national, pan-European, sovereign body politic. Europeans, even those who give not a damn for Greece, ought to beware.

Much energy is expended by the media on whether the Terms of Surrender will pass through Greek Parliament, and in particular on whether MPs like myself will toe the line and vote in favour of the relevant legislation. I do not think this is the most interesting of questions. The crucial question is: Does the Greek economy stand any chance of recovery under these terms?

Cheering The Loony Left

Wolfie Smith – the next Labouir leader? (image source)

These are strange times indeed. Twice in July we have been given reason to cheer the loony left. The first occasion was Syriza’s leading the Greek electorate to reject the Troika’s bailout terms in Greece’s referendum. The silly lefties thought they could reject further austerity and yet still stay in the EU and the Euro but the victory inevitably plunged the EU into chaos and aroused the anti – integration majorities in the non-basket-case nations to see monetary union for the undemocratic neo-fascist bollocks it really is.

And today I read that here in Britain unrecontructed Trotskite idiot and Islamic State loving wanker Jeremy Corbyn is poised to win Labour’s leadership and take the party back to the Wolfie Smith / Tooting Popular Front comedy socialism that made them unelectable from 1979 to 1997.

Read about Jeremy Corbyn becoming front runner in the Labour Party leadership election from The New statesman

Our Hero V-Fak Still Kicking The Troika

Last week a group of very high profile liberal economists, Stiglitz and Kugman included, wrote an open letter to German Chancellor Angela Merkel to let her know that ‘right now the Greek government is being asked to put a gun to its head and pull the trigger’. The past week’s events have not changed that position.

Greece went very close to pulling that trigger when it went to Brussels with a set of proposals for economic reform that many saw as capitulation and a betrayal of the referendum ‘no’ vote on whether the country should accept austerity measures the EU, ECB and IMF demanded in return for further financial assistance.

The third bailout deal has since been struck, forcing the Greek government into a climb down that forces it to renege on all is pledges to accept no more austerity, in order to keep Greece within the Euro zone. Agreement was reached only on monday of this week and already, two days later, the labour minister has denounced the terms and reported that the conditions are so tough, so rough that it poses a perhaps an impossible political task for the Prime Minister.

To make matters worse, former finance chief Yanis Varoufakis (V-Fak), who resigned after his numerous bust ups with EU leaders who could not accept his refusal to kow-tow to the Brussels diktat is back in the mix. With public opinion urging him to form a new anti – EU party, V-Fak was his usual outspoken self in an interview broadcast on Australian ABC radio. He said it would be a near impossible task for Prime Minister Tsipras to sell the Troika’s latest attempt to crush Greece to the national parliament, let alone the people
.
Hear the broadcast In English) or read a transcript

The Greek Fiasco Trundles On

Has a deal been reached to solve Greece’s debt problem? No.

Has a deal been cobbled together to impose more hardship on the Greek people because the arrogant EU pen pushers and backroom deal makers are unable to admit failure and thus will do anything that will allow them to kick the can down the road a little further before the inevitable default and Greece is forced out of the Euro? Yes, well sort of.

Will the Greek parliament approve the deal? Unlikely.

If the Greek parliament does approve the deal will there be a return to civil unrest in Greek cities? Very likely.

Will the government of Greece fall? It’s a question of when rather than if.

Will the other EU nations approve the deal? The Finns have promised to veto it and Germany’s parliament, The Reichstag is deeply divided on the issue. About half of EU member states have strong misgivings, based on fears that sooner or later Germany will do the same to them.

So what should all this tell us in Britain? That we should ignore the blandishments of those neo-Nazi lefties who would sell out our national sovereignty and be happy to see our great nation absorbed into a Euronazi bureaucratic dictatorship (called The German Empire) because by now anybody with eyes to see and ears to hear should be aware that the EU is an undemocratic attempt by a cabal of unelected bureaucrats to destroy national independence and create a supranational tyranny.

Cameron’s Tories and the Labour leadership contenders with the exception of Liz Kendall, the only one talking any sense and so, predictably, the one trailing in fourth position behind the two spouters of anodyne platitudes and the left wing idiot) are making populist noises about reclaiming sovereignty from Brussels.

The Greek debacle should demonstrate to even the most brain dead political apparatchik there is no way to negotiate with the bureaucratic fascists, it’s like punching a sponge. The only way to escape is to walk away and face the consequences, which is what Britain should do now. Every day’s delay will only make our eventual exit harder.

Let’s put the optimistic drivel of mainstream media into perspective by looking at what is really happening in Greece as this will be the pattern for other nations that do not quit the EU.

Greece’s governmental debt to private investors (bondholders) as of, first, December 2009; and, then, five years later, December 2014, fell by over 80%. In almost all countries, private investors either eliminated or steeply reduced their holdings of Greek government bonds during that 5-year period.

(Overall, it was reduced by 83%; but, in countries such as France, Portugal, Ireland, Austria, and Belgium, it was reduced closer to 100% — all of it.)

In other words: by December 2009, word was out amongst the financial aristocracy that only suckers would want to buy their Greek debt holdings from them. So where do you find enough clueless saps to pay premium prices for worthless shite? There just aren’t that many idiots in the world so the bankers and investors deployed the fail – safe system set up in past centuries that permits or rather compels governments to buy the wealthy elite’s bad bets at face value despite its worthlessness in real terms; for governments to become the suckers with pockets full of taxpayers money when private individuals back off.

Not all Greek debt was sold directly to governments; much of it went instead indirectly, to agencies (bond dealers and brokers) that the industry elite set up as basically transfer-agencies for passing junk from the private sector to governments; in other words, as middlemen, to transfer unpayable debt-obligations to various governments’ taxpayers.

So who actually bought Greek debt you might well ask. Who were these governments and middlemen-agencies? According to Bloomberg, as of January 2015, they were: 62% Euro-member governments (including the European Financial Stability Facility); 10% International Monetary Fund (IMF), and 8% European Central Bank; then, 17% still remained with private investors; and 3% was owned by “other.”

What got bailed-out was private investors, not ‘the Greek people’ or ‘The Greek nation’ as mainstream media have constantly tried to suggest.

A reasonable assumption (and one often used by media commentators) is that a large part of the Greek debt to the Germans was the result of Greek consumption of German goods and services bought with the German provided credit. In that case, the Germans have lost the Greek goods and services that could have potentially been bought with the money that is owed to them.” But this is entirely false: that “consumption” was by the aristocracy, not by the public, anywhere or at any time.

After all, as we have showed, it’s the elite and their agencies that get bailed-out, not the public, not now, not ever. (The same thing is happening now in Ukraine.)

In other words this whole Greek crisis has been about transferring debt from bankers, investors, hedge funds and financial institutions to taxpayers. Because in spite of what the pseudo-anarchists of the occupy movement may tell you, the bankers and their buddies are not stupid and they have leaned that if bureaucracies such as the E U and the United Nations are put between the democratic process and the global financial system so that voters cannot call ‘ enough’, the flow of cash from us poor taxpayers into the pockets of the super rich is endless and unstoppable.