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The Greek Implosion

Dit is belangrijk, ook zonder mijn commentaar. Griekenland is belangrijk, ook al is het maar een klein landje! Griekenland is ons voorland!
Austerity and Neoliberalism in Greece with Richard Wolff and Barry Herman | The New School duurt een uur en 44 minuten.

Van minuut 07 tot 1 uur 04 minuten is Richard Wolff aan het woord. Daarna volgt Barry Herman tot 1 uur 26 minuten. De rest is vragen en antwoorden. Blijf luisteren!

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6 Reacties op “Richard Wolff en Barry Herman over Griekenland”

  • Boudine:

    Griekenland heeft NEE gestemd met een ruime meerderheid van 60%. Het is de vraag of dat iets oplost.

    9 Myths About The Greek Crisis

    An insider’s take on the conventional wisdom to ignore.

    By James K. Galbraith

    July 04, 2015 “Information Clearing House” – “Politico” – The citizens of Greece face a referendum Sunday that could decide the survival of their elected government and the fate of the country in the Eurozone and Europe. Narrowly, they’re voting on whether to accept or reject the terms dictated by their creditors last week. But what’s really at stake? The answers aren’t what you’d think.

    9. A “No” vote will destroy Europe. In fact, only the “No” can save Greece – and by saving Greece, save Europe. A “No” means that the Greek people will not bend, that their government will not fall, and that the creditors need, finally, to come to terms with the failures of European policy so far. Negotiations can then resume – or more correctly, proper negotiations can then start. This is vital, if Europe is to be saved. If there ever was a moment when the United States should speak for decency and democratic values – as well as our national interest – it is right now.

    Greek Crisis Awaits Other NATO Partners

    By Finian Cunningham

    July 04, 2015 “Information Clearing House” – “SCF” – One notable consequence of the Ukraine conflict and the ongoing confrontational stand-off between the West and Russia is the dramatic surge in military spending among several European countries.

    However, this unprecedented militarisation of economies across Europe portends a disastrous Greek-style future of crippling debt for these same countries. Those most at risk from a future hangover of military overspend in the years ahead include the Baltic states, Poland and the Scandinavian countries.

    This outcome may indeed explain why Washington and its closest NATO allies have embarked on what appears to be a reckless geopolitical confrontation with Russia. The tensions being stoked from the alleged Russian threat – mainly by Washington – are in turn leading to lucrative weapons sales for the Pentagon and its military-industrial complex.

  • Boudine:

    More than 61% of Greeks say ‘No’ in crucial bailout referendum – final tally

    The outcome of the Greek referendum caused a sharp drop in the euro on Monday. The euro fell 1.4 percent against the US dollar to $1.0955, and 2.1 percent against the yen to 133.50 yen.

    Greece, which has been in crisis since 2009, was supposed to make an IMF loan payment of €1.6 billion by June 30 but failed to do so. It is required to make another major payment of €3.5 billion to the ECB on July 20.

    Greek Finance Minister Yanis Varoufakis will hold talks with nation’s bankers later on Sunday, a finance ministry official told Reuters.

    Varoufakis resigns as Greek finance minister ‘to aid deal’

  • Boudine:

    Greeks Vote NO To EU-Imposed Austerity
    By Dr. Paul Craig Roberts
    Global Research, July 06, 2015
    paulcraigroberts.org

    The Greek drama is far from over. Pray that the Russian and Chinese governments understand that rescuing Greece is the start of the process of unravelling NATO, Washington’s mechanism for bringing conflict to Russia and China. The One Percent have Italy and Spain targeted for looting, and eventually France and Germany herself. If the Greek people rescue themselves from the clutches of the EU, Italy and Spain could follow.

    As Southern Europe departs NATO, Washington’s ability to create violence in Ukraine is diminished as the world realigns against the Evil Empire.

    Washington’s power could suddenly diminish, thus saving the world from the nuclear war toward which Washington’s neoconservatives are pushing.

  • Boudine:

    ‘Greek referendum results may cause domino effect in other European countries’

    Varoufakis resigns as Greek finance minister

  • Boudine:

    Throughout History, Debt and War Have Been Constant Partners

    As Greece’s spending on weapons shows, it’s not pensions or benefits that cripple economies, it’s the military-industrial complex

    So, to recap: corrupt German companies bribed corrupt Greek politicians to buy German weapons. And then a German chancellor presses for austerity on the Greek people to pay back the loans they took out (with Germans banks) at massive interest, for the weapons they bought off them in the first place. Is this an unfair characterisation? A bit. It wasn’t just Germany. And there were many other factors at play in the escalation of Greek debt. But the postwar difference between the Germans and the Greeks is not the tired stereotype that the former are hardworking and the latter are lazy, but rather that, among other things, the Germans have, for obvious reasons, been restricted in their military spending. And they have benefited massively from that.

    Greece: The Pearl Cast Before Swine

    Now it is the business of the government to organise a smooth and fast Grexit from the Eurozone and switch to the new Drachma. A really decisive government would leave the EU and NATO, turning the tables completely. Refusing the bailout is good but not enough.

    The Greeks were right to reject paying the debts, for these debts were forced upon them by the giant vampire squid, Goldman Sachs, in words of Matt Taibbi. “The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money”. As we now know, Goldman Sachs (you do not have to be an anti-Semite to hate them) cooked the book,s falsely pretending Greece had a high credit rating though they knew of its huge debts. When the debts snowballed, they pulled the rug and collapsed Greece’s rating, bailing out banks at the expense of the European taxpayer.

    Out of €320 billion, Greece received and used about €20 billion, while the principal sum went to the banksters. Greece could not pay it off: after five years of trying, the country is in worse shape and in deeper debt than it ever was. Austerity has destroyed lives and infrastructure. The bankers planned to sell all Greek assets: harbours, railways, lands; and you can envisage yourself who would buy it. The negotiations between the EU, IMF and Greece were dishonest, explains Ashoka Mody in widely read and technical essay. That’s why the Greeks elected the far-left party Syriza and its far-right counterpart INIL to break the rules of the rigged game.

    The Financial Attack on Greece: Where To From Here?

    By Michael Hudson

    Legal procedures are well established to cope with corporate and personal bankruptcy. Courts write down personal and business debts either under “debtor in control” procedures or foreclosure, and creditors take a loss on loans gone bad. Personal bankruptcy permits individuals to make a fresh start with a Clean Slate.

    It is much harder to write down debts owed to or guaranteed by governments. U.S. student loan debt cannot be written off, but remains to prevent graduates from earning enough take-home pay (after debt service and FICA Social Security tax withholding is taken out of their paychecks) to get married, start families and buy homes of their own. Only the banks get bailed out, now that they have become in effect the economy’s central planners.

    Most of all, there is no legal framework for writing down debts owed to the IMF, the European Central Bank (ECB), or to European and American creditor governments. Since the 1960s entire nations have been subjected to austerity and economic shrinkage that makes it less and less possible to extricate themselves from debt. Governments are unforgiving, and the IMF and ECB act on behalf of banks and bondholders – and are ideologically captured by anti-labor, anti-government financial warriors.

    The result is not the “free market economy” it pretends to be, nor is it the rule of economically rational law. A genuine market economy would recognize financial reality and write down debts in keeping with the ability to be paid, but inter-government debt overrides markets and refuses to acknowledge the need for a Clean Slate. Today’s guiding theory – backed by monetarist junk economics – is that debts of any size can be paid, simply by reducing labor’s wages and living standards plus selling off a nation’s public domain – its land, oil and gas reserves, minerals and water distribution, roads and transport systems, power plants and sewage systems, and public infrastructure of all forms.

  • Boudine:

    Threats and Bullying, But Greece Stood Firm

    By Nigel Farage

    Nigel Farage tells Alex Tsipras: “Your moment has come -lead the Greek people out of the euro with your head held high”. “Get back your democracy; get back control of your country. Give your people the leadership and the hope that they crave.”

    European Parliament, Staatsburg, 8 July 2015 – Posted July 10, 2015

    Met video en transcript.

    Will Greece’s Tsipras Squander Precious Capital?

    By Finian Cunningham

    July 10, 2015 “Information Clearing House” – “Sputnik” – When Greece resoundingly rejected economic austerity last week, Prime Minister Alexis Tsipras and his government were given a wealth of political capital.

    For the second time, including the election of Tsipras’ Syriza party six months ago, the Greek people spoke out democratically – unequivocally and irrefutably – no more austerity and debt slavery.

    What do the European Union leadership and the Troika of creditors not understand about the word “No”? The Greek people have spoken — twice en masse — that they no longer want to endure imposed poverty in order to bailout the financial oligarchy, both within their own country and in Europe generally. Enough is enough of the prevailing kleptocracy of the creditors under the cynical guise of “financial probity”.

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