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This post was edited by abramicus at 2015-7-15 16:43|
THE ANGLO-FRENCH ALLIANCE AGAINST THE HANSEATIC LEAGUE ALL OVER AGAIN???
Already, you can see the British press lionizing Tsipras as hating to capitulate to the Germans on the severest terms of austerity. while in the meantime, Tsipras replaced the populist Varoufakis with an Oxford graduate as the new finance minister, willing to do everything Tsipras commands. Tsipras' actions run counter to the will of the Greek people as officially expressed in the referendum on precisely such austerity measures, ending with a resounding NO to these same measures that Tsipras believes he has a mandate to accept because he does NOT have the mandate to exit the Euro. The fact is, he does not have the mandate to remain in the Euro either. On the other hand, with the NO victory in the referendum, he not only has a mandate to reject the austerity measures on behalf of the Greek people, he also has the duty to do so.
Like the ECB and the IMF, the Bank of England's chancellor also told the press that the UK will not contirbute a single pound to the bailout of Greece.
Germany's anger directed at Greece should not be based on Greece's importunity, but rather, should be directed at the ECB and IMF that in effect want her to take the biggest hit, through paying the entire debt of Greece, by virtue of the fact that Germany's contribution to the bailout requires the use of Euros which she obtains only by borrowing it from the ECB. Taken in this light, the target of the bailout is Germany and the other successful Eurozone countries, to make them indebted to the ECB to the tune of a combined 440 billion euros should the Third Greece Bailout be implemented. Greece is no longer a credible party to the loans, as it can be safely assumed to be unable to repay its current 354 billion euro debt, and more so, its future 440 billion euro debt, even if it forfeits ownership of 50 billion euros worth of public properties. Put in a different light, Greece is a hostage to foreign banks, and is being used to demand a ransom from Germany and the rest of the Eurozone countries which depend on the ECB lending them Euros to pay their own citizens, as well as to help the Greeks.
Instead, Germany is currently being painted as the villain wanting to crush Greece. Nothing could be fatther from the truth. Germany does not want Greeks to be its slaves, nor does it want to be their slave masters. Germany wants to cut its losses, rather than invest more taxpayer's money on an investment that cannot be salvaged. But in the name of EU solidarity, and in the name of humanitarianism, it has accepted its role as the creditor to Greece who can expect never be repaid, while the ECB plays to role of its creditor who will be repaid. Is that the reason why its Finance Minister asked the question, "Do you take me for a fool?"