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Griekenland, arm Griekenland! Wie volgt?

18 juli, 2015 | Auteur:

Griekenland is al jaren failliet. Het land heeft een schuld die onbetaalbaar is. De regering bezuinigt al jaren op werkelijk alles en de bevolking verarmt. De EU en de ECB hebben nu besloten om Griekenland nog meer geld te lenen, in ruil voor nieuwe bezuinigingen. Het NRC kopt dan: 900 miljoen extra steun voor Grieken, terwijl het gaat om een LENING aan lege ZOMBIE banken. Ook krijgt Griekenland een “Overbruggingskrediet van 7 miljard”, een nieuwe schuld waarmee de oude schuld aan het IMF en de ECB gedeeltelijk kan worden terugbetaald. Vestzak, broekzak!

Als men een zwerver een tientje leent, waarmee hij de bakker kan betalen die hem brood op krediet levert, dan steunt men die zwerver niet! Dit is dus ONZIN: ECB sust de Griekse gemoederen met verhoogde noodsteun. Om die “noodsteun” terug te betalen, moeten de Grieken hun staatseigendommen verkopen, waardoor de inkomsten van de staat nog verder zullen dalen. Kortom: zodra die zwerver de bakker heeft betaald, komt de gulle “gever” zijn tientje opeisen, met rente! Zo niet, dan moet de zwerver zijn schoenen inleveren. Een zelfde streek hebben de bankiers in 2011 en 2012 ook al aan Griekenland geleverd. Sindsdien is het alleen maar slechter gegaan met de Griekse economie.

De professor in de economie Yanis Varoufakis, die eventjes minister van financiën was, weet al jaren dat Griekenland failliet is en dat het geen zin heeft om meer geld te lenen. Zijn website getuigt van gezond verstand. Wie wil begrijpen wat er in Griekenland speelt, zou dit artikel uit maart 2014 moeten lezen: What you should know about Greece’s present state of affairs

If we look at nominal GDP, a far more poignant statistic than real GDP in times of recession,[i] we shall be horrified to discover that the recession picked up speed in 2013, compared to the abysmal years 2012, 2011 and 2010. Indeed, as you can see from the figures below, whereas nominal GDP fell from 2011 to 2012 by a modest 1.1%, between 2012 and 2013 it shrank by a walloping 14%! In this sense, the Greek economy’s performance in 2013 was even worse than that of 2010 and 2011 – the first two years after Greece’s implosion.

Year Nominal Annual GDP ‘Growth’

2010 -7.5%
2011 -8.9%
2012 -1.1%
2013 -14%
2009-13 -27.08%

Lees het hele artikel en huiver! De bevolking leefde vorig jaar reeds in bittere armoede en dat zal na deze “steun” nog erger worden. Griekenland is echter niet het enige land in de EU dat zucht onder een zware schuldenlast. Italië, Spanje en Portugal hebben schulden die hoger zijn dan hun BNP, maar ook Frankrijk hoort thuis in dit rijtje! Daarom verzette Frankrijk zich tegen de strenge eisen aan Griekenland. Frankrijk weet dat dit land het volgende slachtoffer kan zijn! De belangrijkste schuldeisers zijn de Duitse banken, vandaar dat Duitsland (Angela Merkel en minister Schäuble) zulke keiharde eisen bleef stellen.

Who’s Next for Berlin’s Financial Blitzkrieg?
By Finian Cunningham

In 2010, Greece’s total debt was €110 billion, or about 130 per cent of its gross domestic product (GDP). In 2014, fuelled by reckless EU creditor largesse, the debt ballooned to €315 billion, or 170 per cent of GDP. With the latest bailout, the country’s debt will reach €400 billion – over 200 per cent of GDP. Most of the capital is from Germany, with the most powerful banks in Europe, and euphemistically referred to as “international creditor”.

National debt figures across Europe show a clear North-South divide.

France, Italy, Spain and Portugal have government debts that – like Greece – exceed their national economic outputs. By contrast, Germany and its northern European neighbours have typically national debts of 50 per cent or less of their GDP. And, in all this, Berlin has emerged as the supreme paymaster, having availed of years of strong export-led growth and surpluses owing to the peculiarities of the euro monetary system.

What is rattling France and the other indebted countries of the eurozone is that Berlin will now turn its fiscal dictates on them. France, with its relatively generous social welfare system and publicly owned state assets, presents rich pickings for Germany if it is forced into privatisation and austerity by the Berlin paymaster.

Harald Schumann en Arpad Bondy zijn twee Duitse documentairemakers die zich hebben verdiept in de Europese schuldenproblematiek. Dit resulteerde eerst in een documentaire die in 2013 werd bekroond met de German TV Award. Onlangs maakten zij een documentaire over de Griekse schuldencrisis. Ook deze documentaire is van hoge kwaliteit. Beide documentaires zijn Engelstalig of ondertiteld. Als u wil weten wat er werkelijk speelt in Griekenland en heel Europa, lees dan niet de dwaze berichten in de media, die zeggen dat Griekenland door ons wordt gesteund en geholpen. Griekenland wordt nu geplunderd en de vraag is: Wie volgt?

The Secret Bank Bailout (HD 1080p) | German TV Award 2013 duurt 59 minuten.

Gepubliceerd op 11 nov. 2014

50 billion euros in Greece, 70 billion euros in Ireland, 40 billion euros in Spain – one Euro-country after another is forced to support its banks with huge sums of money in order to equalize the losses incurred by money worldwide from bad loans. But where do the billions go anyway? Who are the beneficiaries? With this simple question the award-winning business journalist and nonfiction author Harald Schumann travels across Europe and gets surprising answers.
The rescued are not in the poorer Euro states – unlike commonly believed – but mainly in Germany and France. A large part of the money ends up with the creditors of the banks that want to be saved or must be saved. And although these investors have obviously made bad investments, they are – against all logic of the free market economy – protected at the expense of the general public against any losses. Why? Who gets the money? Actually, simple questions, but that regard the core of European identity. Maybe the most passionate film on the banking crisis.

The Trail of the Troika (HD 720p) | A must-see to understand the situation in Greece duurt anderhalf uur.

Gepubliceerd op 6 jul. 2015

What is happening in Europe in the name of the troika? A must-see for anyone who wants to understand the situation in Greece. The European Union and International Monetary Fund have lent more than 400 billion Euros to Greece, Portugal, Ireland and Cyprus to keep these countries solvent. The lenders granted enormous power to the three institutions of the so called troika: the IMF, the European Central Bank and the European Commission. Without any public accountability, the troika is forcing the crisis states to implement policies that are tearing the social fabric of their countries apart. German journalist and best-selling author Harald Schumann travelled to Athens, Lisbon, Dublin, Nicosia, Brussels, Washington, New York and London, in order to find out who has actually benefited from austerity measures. He puts this question to ministers, parliamentarians, economists, bankers, doctors and also to the victims of these policies, the unemployed and the ill. Among the many people we meet are Nobel Prize winner Paul Krugman, IMF Director Paulo Batista and Yanis Varoufakis, the newly elected Greek finance minister. Schumann’s revelations are often devastating and shocking. Given the negotiations currently taking place between the newly elected Greek government and their European partners, this film is of great political and economic relevance.

Want to get even more detail information? You will find all interviews made for this film in full length on “HARALD SCHUMANN ON THE TRAIL”, here on YouTube.

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Gepost in Economische crisis, Euro zone, Griekenland, Uitbuiting en slavernij

21 Reacties op “Griekenland, arm Griekenland! Wie volgt?”

Latere reacties »
  • Boudine:
    18 juli, 2015 op 11:40

    De grote vraag is nu, waarom Griekenland (of Tsipras) niet koos voor een Grexit. Iedereen weet dat de huidige schuldenlast ondraagbaar is! Zelfs de Duitse minister Schäuble zegt dat. Zelfs het IMF zegt dat. Waarom doet Griekenland niet wat IJsland heeft gedaan?

    IJsland had nog steeds een eigen munt. Kan Griekenland de Drachme weer invoeren? En de andere schuldenlanden? Kan men in Spanje niet betere weer met Peseta’s gaan werken en in Italië met Lires? Is er een uitgang, of is de Euro een gevangenis?

    This content was originally published by teleSUR at the following address:
    http://www.telesurtv.net/english/bloggers/Tsipras-Capitulated-We-Owe-it-to-Greece-to-Speak-Out-20150710-0003.html. If you intend to use it, please cite the source and provide a link to the original article. http://www.teleSURtv.net/english

    As things stand now, Greece will be subject to continued neoliberal austerity as its assets are privatized rapidly and it is pillaged of all that remains, while its citizens sink deeper and deeper into poverty. It has lost its sovereignty and its independence and is de facto occupied by the troika. In light of this gloomy yet sadly realistic state of circumstances, the most obvious action that should be taken by the Greek government would be to default on its debt, reintroduce the drachma, protect it from speculation by not placing it in the international exchange, and receive heavy investment from the BRICS in reviving the economy and investing in new infrastructure. Such a process will not be simple but it provides a significant glimmer of hope and is the way out from the current impasse according to Lapavitsas and others. Indeed, even Varoufakis opposes the last proposal made by Tsipras and may also be why he resigned unexpectedly.

    The Crucifixion of Greece is Killing the European Project

    This attempt to turn Athens into a debt colony will fail – and open the way to the breakup of the eurozone

    By Seumas Milne

    July 17, 2015 “Information Clearing House” – “The Guardian” – You couldn’t have had a clearer demonstration of what democracy now counts for in Europe than this week’s immolation of Greece. In January, after five years of grinding austerity imposed by the troika of creditors had shrunk its economy by a quarter and pushed millions into poverty, Greeks rebelled and elected an anti-austerity government.

    Following months of fruitless negotiations, the country voted last week to reject the latest cuts, tax rises and privatisations demanded to deal with the disastrous impact of the first phase of austerity. The response of the eurozone’s masters was immediately to ratchet up the pain still further. For the “breach of trust” of daring to put the terms to its people, Athens was to be punished. So on Monday – threatened with expulsion from the eurozone and economic collapse courtesy of the European Central Bank’s cash blockade – the Greek prime minister, Alexis Tsipras, bent the knee.

    The left must now campaign to leave the EU | Owen Jones

    In exchange for what is called a bailout, but is in reality the imposition of new debts to pay existing creditors, the Greeks must hand over €50bn (£35bn) of public assets to an “independent” privatisation fund. On top of that, they have to inject more austerity into a shrinking economy and reverse any legislation deemed unsuitable by the eurozone’s overlords – in other words, the opposite of everything Tsipras and his Syriza party were elected to do.

    Greece’s Lesson For Russia

    By Paul Craig Roberts

    “Greece’s debt can now only be made sustainable through debt relief measures that go far beyond what Europe has been willing to consider so far.” — International Monetary Fund

    July 17, 2015 “Information Clearing House” – Greece’s lesson for Russia, and for China and Iran, is to avoid all financial relationships with the West. The West simply cannot be trusted. Washington is committed to economic and political hegemony over every other country and uses the Western financial system for asset freezes, confiscations, and sanctions. Countries that have independent foreign policies and also have assets in the West cannot expect Washington to respect their property rights or their ownership. Washington freezes or steals countries’ assets, or in the case of France imposes multi-billion dollar fines, in order to force compliance with Washington’s policies. Iran, for example, lost the use of $100 billion, approximately one-fourth of the Iranian GDP, for years simply because Iran insisted on its rights under the Non-Proliferation Treaty.

    Greece Surrendered: But to Whom Exactly?

    by Diana Johnstone

    Email

    Paris.

    On July 12, Greece surrendered abjectly and totally. Prime Minister Alexis Tsipras, who had promised to combat the austerity measure that are driving the Greek people to ruin, poverty and suicide, betrayed all his promises, denied the will of the people expressed in the July 5 referendum, and led the Greek parliament to accept an agreement with the nation’s creditors even worse than all those that had already caused the economy to shrink and which further abandoned the last scraps of national sovereignty.

    Het heeft er alle schijn van dat de VS Europa onder druk gezet heeft om geen Grexit toe te staan, omdat Griekenland dan ook uit de NATO zou kunnen stappen. Het strategische belang van Griekenland in de strijd van de VS tegen Rusland gaat vóór de belangen van de bevolking van Europa. Maar ach, dat weten we reeds van de toestand in Oekraïne.

    Beantwoorden
  • Boudine:
    18 juli, 2015 op 11:43

    Is dit het belangrijkste IMF-statement ooit?

    Het IMF ziet nu drie mogelijkheden. De schuldeisers moeten de termijnen waarin de schuld moet terugbetaald worden dramatisch verlengen en toelaten dat Griekenland gedurende 30 jaar niets afbetaalt. De twee andere opties zijn rechtstreekse financiële injecties aan Griekenland (letterlijk: ‘explicit annual transfers to the Greek budget‘) of een haircut (het afschrijven van schulden).

    Het staat er echt. Deze keer niet in een niet-geautoriseerd rapport van één of andere stoffige studiedienst van het IMF maar in een officieel stuk gepubliceerd op de website. Het IMF stelt voor om de EU om te vormen in een transferunie waarbij rijke regio’s armere regio’s met ‘rechtstreekse jaarlijkse transfers’ ondersteunen. Het systeem zoals we dat kennen in België maar ook in Duitsland.

    Beantwoorden
  • Boudine:
    19 juli, 2015 op 10:03

    Lang Leve Europa:

    Grieks voorbeeld betekent ook weinig goeds voor Nederland

    Geplaatst op 18 juli 2015 door admin

    Het is u niet ontgaan. In Griekenland werd overduidelijk de democratie onder de voeten gelopen. En niet voor de eerste keer. Een gekozen politiek leider werd onder de voeten gelopen door ongekozen leiders, een niet-bestaande groep en twee bankierskartels. De bevolking werd afgeperst en gaat binnenkort de vierde week in op rantsoen. Een referendum werd gehouden, om pal daarna juist dat te doen wat in een referendum werd weggestemd. Door inzet van buitenlandse ministers werden contraproductieve maatregelen opgelegd die de pijn alleen maar vergrootte. De sociale en financiële pijn werd gemaximaliseerd, pensioenen geplunderd, publieke werken (nutsbedrijven) onder druk geprivatiseerd, en elke vorm van onderhandeling en rede werd onmogelijk gemaakt.

    Wat de gemiddelde Nederlander nog niet lijkt te begrijpen, is dat al bovenstaande ook van toepassing is op Nederland. Ja, Kabinet Rutte volgt nu netjes elke letter uit het EU-draaiboek. Wij laten dat gewoon gebeuren, waardoor het net lijkt alsof Nederlanders democratisch nog iets te zeggen hebben in de EU. Maar feitelijk is dat dus niet zo. Wat ‘we’ in Griekenland gedaan hebben geldt en gebeurt ook in Nederland, en net zo hard, alleen minder zichtbaar omdat we (Kabinet Rutte althans) ons nog netjes houden aan de EU voorschriften.

    Echter: Ook in Nederland is er geen sprake van democratie meer. Ook in Nederland wordt sociale pijn gecreëerd door de financiële pijn uit te vergroten. Ook in Nederland worden bewust contraproductieve maatregelen genomen. Ook hier wordt niet geluisterd naar de bevolking. Ook hier worden referendums genegeerd en zelfs bewust onmogelijk gemaakt! Ook hier worden we medeplichtig gemaakt voor kunstmatige bankschulden, ook hier geen expertise meer ingezet, ook hier geen redevoering of fatsoenlijk onderhandelen meer, ook hier is onze volksvertegenwoordiging uitsluitend in dienst van de bankierskartels en ongekozen buitenlandse eurofiele sujetten.

    Wat bijzonder is het dan ook dat Griekse MinFin insider Yanis Varoufakis eens een boekje open deed over hoe de EU écht werkt. Wat volgt zijn highlights voorzien van LLE reactie.

    Lees hier verder

    En intussen in Spanje: Stop de Bankiers:

    Podemos is bang dat PP de wet zal veranderen om macht te behouden

    Beantwoorden
  • Boudine:
    19 juli, 2015 op 13:42

    Waarom geen Grexit? Een artikel in drie delen gaat over het verband tussen het verbod op een Grexit, de toestand in Oekraïne, de uitbreiding van de Eurozone en TTIP. De machtspolitiek wordt duidelijk, voor wie de verbanden begrijpt.

    Voor wie op deze regenachtige zondag iets wil leren: MUST READ:

    De liberalen hebben er een persoonlijk financieel belang bij om een Grexit te stoppen. Met het enthousiasme van een kruisvaarder wordt de Europese unie, met munt en al, richting de grens met Rusland geduwd. Een economische motivatie is moeilijk te vinden. Immers, na vijftien jaar muntunie met de Grieken kunnen we daar moeilijk blij mee zijn. Tenminste, niet dusdanig dat we zelfs Georgië en Albanië erbij moeten willen. Toch wordt daarop aangestuurd door met name de liberalen, die worden geleid door Guy Verhofstadt die een bedenkelijk verdienmodel hanteert.

    Kruistocht
    Eigenlijk is dit verhaal een beetje teveel voor het web. We doen het maar in drie delen. Eerst kijken we naar de Europese kruistocht richting het oosten, waarbij we steun betuigen aan corrupte politici en witwassende maffiosi. Die zijn immers zo slim om zichzelf als pro-EU te afficheren. In deel twee kijken we naar de enige manier waarop dit gunstig kan uitpakken voor de bestaande lidstaten. Dat heeft alles te maken met schaliegas in Oekraïne. Om daarbij te komen zullen we wat regeltjes moeten ombuigen. Tot slot kijken we naar de persoonlijke inkomsten van Verhofstadt en valt alles op zijn plek.

    VVD, D66 en Guy Verhofstadt werken samen met Moldavische maffiabankier om Grexit te stoppen en TTIP te pushen (1)

    VVD, D66 en Guy Verhofstadt werken samen met Moldavische maffiabankier om Grexit te stoppen en TTIP te pushen (2)

    VVD, D66 en Guy Verhofstadt werken samen met Moldavische maffiabankier om Grexit te stoppen en TTIP te pushen (3)

    Overigens denk ik zelf niet dat Guy Verhofstadt de enige liberaal is die achter een “verenigd” Europa en de TTIP staat. Waar het om gaat, is hoe de hazen lopen!

    Beantwoorden
  • Boudine:
    20 juli, 2015 op 09:23

    Duizenden vluchtelingen (uit Syrië en zo voort!) vluchten nu weg uit Griekenland, op naar het rijke noorden van de EU.

    http://deutsche-wirtschafts-nachrichten.de/2015/07/18/tausende-fluechtlinge-fliehen-aus-griechenland-in-richtung-norden/

    Am Freitag ist es im Bahnhof von Gevgelija in Mazedonien zu tumultartigen Szene gekommen. Tausende Flüchtlinge befinden sich wegen der unklaren Lage und der sich rapide verschlechternden Bedingungen in Griechenland auf der Flucht nach Norden. Sie versuchen, die EU über Mazedonien uns Serbien zu erreichen. Auf den griechischen Inseln herrschen untragbare humanitäre Zustände. Aber auch am Festland haben die Flüchtlinge im Moment wenig Aussicht auf Besserung:

    Seit Jahresbeginn seien bereits 80.000 Migranten nach Griechenland gekommen. Viele reisten von dort in andere Länder weiter. «Daher beobachten wir mehr und mehr eine Bewegung von dort nach Mazedonien, Bulgarien, Serbien, Ungarn und dann immer weiter Richtung Norden», sagte Guterres.

    Beantwoorden
  • Boudine:
    20 juli, 2015 op 09:35

    Griekenland is beslist niet het enige land met onbetaalbare schulden.
    Twee artikelen die gerelateerd zijn:

    http://theeconomiccollapseblog.com/archives/the-bankruptcy-of-the-planet-accelerates-24-nations-are-currently-facing-a-debt-crisis

    As we are seeing in Greece, you can eventually accumulate so much debt that there is literally no way out. The other European nations are attempting to find a way to give Greece a third bailout, but that is like paying one credit card with another credit card because virtually everyone in Europe is absolutely drowning in debt.

    Even if some “permanent solution” could be crafted for Greece, that would only solve a very small fraction of the overall problem that we are facing. The nations of the world have never been in this much debt before, and it gets worse with each passing day.

    According to a new report from the Jubilee Debt Campaign, there are currently 24 countries in the world that are facing a full-blown debt crisis…

    Should we have the “wealthy” countries bail all of them out?

    Well, the truth is that the “wealthy” countries are some of the biggest debt offenders of all. Just consider the United States. Our national debt has more than doubled since 2007, and at this point it has gotten so large that it is mathematically impossible to pay it off.

    Europe is in similar shape. Members of the eurozone are trying to cobble together a “bailout package” for Greece, but the truth is that most of them will soon need bailouts too…

    http://www.theguardian.com/business/2015/jul/11/beyond-greece-world-filled-debt-crises

    Yet borrowing has steadily risen since 2009, including from multilateral donors such as the World Bank, which tend to offer aid in the form of cheap loans rather than handouts. It’s a measure of success in some ways that the country managed to raise money from private investors in the capital markets by issuing bonds.

    Zou er soms iets niet kloppen aan de kapitalistische casino-economie?

    Beantwoorden
  • Boudine:
    20 juli, 2015 op 09:50

    Twee artikelen van Yanis Varoufakis:

    Dr Schäuble’s Plan for Europe: Do Europeans approve? – English version of my article in Die Zeit

    Gaat over de Duitse politiek in verband met Griekenland.

    Dominique Strauss Kahn, addressing “German friends”

    Doorklikken naar Slideshare, een soort pdf. Het artikel telt slechts 3 pagina’s, het is in Engels, Duits en Frans. Het gaat over het ideaal en de praktijk van een verenigd Europa.

    Beantwoorden
  • Boudine:
    20 juli, 2015 op 09:51

    Bleeding Greece Dry

    By Peter Koenig

    July 19, 2015 “Information Clearing House” – There are no words to express my sadness, anger and fury – and again sadness on the Greek Parliament’s acceptance of the troika’s abject, humiliating and outright nation-destructive YES vote – and an overwhelming yes-vote, that is.

    Once upon a time – about 6 days ago – Greece was still the potential gateway to a new Europe, a Europe that could see in Greece how to regain sovereignty, autonomy and self-determination – and above all, democracy, the very wisdom Greece gave Europe 2500 years ago.

    Not respecting the people’s democratic and overwhelming NO to the troika imposed austerity, Mr. Tsipras and his small isolated team of Syriza members went to Brussels accepting a ‘package’ much worse than the one the people rejected a week before. By signing a memorandum of agreement, he offered the vultures of Europe, Washington and Wall Street a sell-out of his country.

    Beantwoorden
  • Boudine:
    21 juli, 2015 op 09:51

    Bovendien.com heeft een artikel van Thierry Meyssan vertaald. Goed werk! 🙂

    Achter de griekse staatsschuld

    Het Griekse referendum heeft verhitte debatten teweeg gebracht in de Europese Unie hetgeen de algehele onwetendheid van de spelregels illustreert. De debatteerders zijn elkaar in de haren gevlogen om te weten of de Grieken ja of nee verantwoordelijk zijn voor hun schuld, zonder ooit hun woeker-schuldeisers te beschuldigen. Maar dat deden ze onwetend van de geschiedenis van de euro en van de motieven van zijn creatie.

    Beantwoorden
  • Groene Wolf:
    21 juli, 2015 op 18:34

    https://www.youtube.com/watch?v=2jMviz4cymw
    Greece Crisis the musical (parodie)
    End the grief, with debt relief

    Beantwoorden
  • Boudine:
    21 augustus, 2015 op 12:06

    ‘We did what we could’: Greek PM ‪Tsipras‬ resigns, calls early elections

    Beantwoorden
  • Boudine:
    21 augustus, 2015 op 12:21

    Greece Is For Sale – And Everything Must Go

    By Nick Dearden

    August 19, 2015 “Information Clearing House” – “Global Justice” – I’ve just had sight of the latest privatisation plan for Greece. It’s been issued by something called the Hellenic Republic Asset Development Fund – the vehicle supervised by the European institutions, which has been tasked with selling off an eye-watering €50 billion of Greece’s ‘valuable assets’.

    The fund was a real sticking point because the European institutions wanted to move it to Luxembourg, where they could keep a better eye on it. Anyhow, it’s still in Athens, and this document, dated 30 July, details the goodies on sale to international investors who fancy buying up some of the country.

    We’ve attached it to this blog to give a flavour of what’s up for grabs at the moment. Fourteen regional airports, flying into top tourist hubs, have already gone to a German company, but don’t panic because stock in Athens airport is still on the table, as well as Athens’ old airport which is up for a 99 year lease for redevelopment as a tourism and business centre.

    Beantwoorden
  • Boudine:
    24 augustus, 2015 op 08:40

    Misinformation Hides Real Dimension of Greek “Bailout”

    The truth behind the operation has been aptly described by Mujtaba Rahman, the respected chief Eurozone analyst for the London-based Eurasia Group, who said: “The bailout is not really about a growth plan for Greece, but a plan to make sure the European Central Bank (ECB) and the International Monetary Fund (IMF) get paid, and the euro area does not break up.”

    And the purpose of this third bailout is clear. Of the famous 86 billion, 36 billion will go to pay the debt with the other European governments (and first of all Germany). Another 25 billion will go to recapitalize the Greek banks, because much capital left the country, heading for safer European banks. Another 18 billion will go to pay interest on the debt which Greece has been piling up. And, finally, seven billion will go to pay the debt of the state with Greek enterprises.

    So, seven will go to the real economy and nothing to the citizens, who will have now to go through several new drastic measures of austerity, which will further depress their standards of living and their ability to spend.

    Financially, the bailouts have been a success. All the losses and bad exposure of European institutions have been passed on to Greece. Before the first bailout, French banks were exposed with bad bonds for 63 billion euros, now only for 1.6 billion with no losses. German banks have gone from 45 to five billion.

    Beantwoorden
  • Boudine:
    1 september, 2015 op 09:35

    Whitewashing the IMF’s Destructive Role in Greece

    By Michael Hudson

    August 31, 2015 “Information Clearing House” – “Counterpunch” – This autumn may see anti-austerity coalitions gain power in Portugal, Spain and Italy, while Marine le Pen’s National Front in France presses for outright withdrawal from the eurozone. These countries face a common problem: how to resist the economic devastation that the European Central Bank (ECB), European Council and IMF “troika” has inflicted on Greece and is now intending to do the same to southern Europe.

    To resist the depression and debt deflation that the troika seeks to deepen, one needs to bear in mind the dynamics that make the IMF un-reformable. Its destructive role in Greece provides an object lesson for how southern Europe must shun its horde of ideologues, as Third World countries learned to avoid it by May 2013, the year that Turkey capped the world’s extrication from IMF “advice.” Already in 2008, Turkey’s prime minister Recep Tayyip Erdogan announced: “We cannot darken our future by bowing to the wishes of the IMF.”[1] Greek voters have now said the same thing.

    The fact that the IMF’s head has to be a French pro-bank, pro-austerity ideologue, taking orders from Washington officials wield veto power on behalf of Wall Street bankers and bondholders, makes the IMF hopelessly compromised. The icing on the cake is its recent loan to Ukraine, money that Ukrainian President Poroshenko has said will be spent to wage war on Russian-speakers in eastern Ukraine where most of the export industry was located.

    By no stretch of the imagination can Ukraine pay this debt. It already has negotiated a 20 percent writedown of its debt to private bondholders, and both Poroshenko and “Yats” insist that they will default on their $3 billion debt to Russia’s sovereign wealth fund falling due this December. That alone will require the IMF to withdraw, because the terms of its Articles of Agreement prevent it from lending to countries that unilaterally default on debts owed to official institutions. (The original idea had in mind the United States, not Russia or China.)

    Greece – A New Beginning? – New Hope?

    By Peter Koenig

    August 31, 2015 “Information Clearing House” – Appointed on 27 August by Greece’s President, Prokopis Pavlópulos, Ms. Vassiliki Thanou-Christophilou, President of the Supreme Court and mother of three, was sworn in on Thursday 28, August, 2015 as interim Prime Minister. She also served as President of the Electoral Court which oversees and examines the validity of parliamentary elections and referenda – including the legitimacy and strength of the 5 July referendum against more imposed austerity.

    Ms. Vassiliki Thanou will be in charge of forming a caretaker Government which she announced on Friday, 28 August. She is also responsible for preparing and overseeing the new elections, now scheduled for 20 September 2015.

    As a fierce opponent of the troika imposed austerity, Ms. Thanou may be the new spark of hope for Greece’s future.

    Beantwoorden
  • Boudine:
    28 oktober, 2015 op 10:16

    The “Democratise Europe” Project. A European Movement, A Coalition of Citizens. Interview with Yanis Varoufakis

    If my diagnosis is correct, what is going on in Greece is simply a reflection – an echo – of a far deeper crisis throughout the eurozone, which cannot be solved at any national or member-state level. The obvious conclusion one must draw from this is that either you argue for a dissolution of the monetary union, and then you can talk about national politics again quite sensibly. Or you should be talking about a pan-European movement for change throughout the eurozone. It is one or the other.

    Beantwoorden
  • yvonne:
    5 oktober, 2016 op 18:13

    Het ‘sorry’ van Mark Rutte, een haarscherpe analyse!

    https://www.youtube.com/watch?v=7S1BCExybvs

    Beantwoorden
  • mr.drs.Bou:
    11 mei, 2017 op 09:40

    Griekenland moet nog meer inleveren! Het land is failliet…

    IMF to Greece: Sorry We’ll Destroy You

    Bond holders, banks, and IMF bear responsibility for having made irresponsible loans to Greece, so it is not right for them to force yet more austerity on Greece, says Michael Hudson.

    Beantwoorden
  • yvonne:
    5 januari, 2018 op 11:29

    https://www.youtube.com/watch?v=P9Nn2by7yAo

    Arno Wellens over verleden, heden en toekomst van de euro in Batavieren Podcast aflevering 31 audio, duurt een uur en 20 minuten.

    Na dit ontluisterende gesprek, kun je maar één ding concluderen: de overheid is er niet voor de gewone burgers!

    Beantwoorden
  • mr.drs.Bou:
    7 januari, 2018 op 10:07

    What You May Not Know About Today’s Economic War

    When I left Germany for Greece several months ago, the common belief there was that the “lazy Greeks” were part of the cause of Deutsche banker discomfort. My neighbors in Germany’s oldest city of Trier honestly believe the bailout of Greece is because Greeks unwilling to work hard. The bitter irony of this believe lies in the fact the average German would melt under the workload of the average citizen here in Heraklion on Crete. As an American what I witnessed in Germany can only be considered a “part-time” employment state. But here in Greece the average person works seven days a week, and usually at more than one job. This microeconomic perception is one that has been implanted by state and corporate controlled media in Germany. There’s a very good reason for this, which I will now explain.

    https://journal-neo.org/2018/01/06/what-you-may-not-know-about-today-s-economic-war/

    Beantwoorden
  • mr.drs.Bou:
    22 augustus, 2018 op 11:54

    Genocide of the Greek Nation

    By Paul Craig Roberts

    August 21, 2018 “Information Clearing House” –

    The political and media cover-up of the genocide of the Greek Nation began yesterday (August 20) with European Union and other political statements announcing that the Greek Crisis is over. What they mean is that Greece is over, dead, and done with. It has been exploited to the limit, and the carcas has been thrown to the dogs.

    350,000 Greeks, mainly the young and professionals, have fled dead Greece. The birth rate is far below the rate necessary to sustain the remaining population. The austerity imposed on the Greek people by the EU, the IMF, and the Greek government has resulted in the contraction of the Greek economy by 25%. The decline is the equivalent of America’s Great Depression, but in Greece the effects were worst. President Franklin D. Roosevelt softened the impact of massive unemployment with the Social Security Act other elements of a social safety net such as deposit insurance, and public works programs, whereas the Greek government following the orders from the IMF and EU worsened the impact of massive unemployment by stripping away the social safety net.

    Greece was lent more money to pay interest to Greece’s creditors, so that they would not have to lose one cent. The additonal lending, called a “bailout” by the presstitute financial media, was not a bailout of Greece. It was a bailout of Greece’s creditors.

    The Obama regime encouraged this bailout, because the American banks, expecting a bailout, had sold credit default swaps on Greek debt. Without a bailout the US banks would have lost their bet and paid default insurance on Greek Bonds.

    Additionally, Greece was required to sell its public assets to foreigners and to decimate the Greek social safety net, reducing pensions, for example, to below subsistance incomes and so radically reducing medical care that people die before they can get treatment.

    If memory serves, China bought the Greek seaports. Germay bought the airport. Various German and European entities bought the Greek municipal water companies. Real estate speculators bought protected Greek Islands for real estate development.

    This plunder of Greek public property did not go toward reducing the debt that Greek owed. It went, along with the new loans, to paying the interest.

    Beantwoorden
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