RANT: EUR Not Serious About Greece

First, this terrific image from The Telegraph for an article about the ongoing euro crisis:

I read a very interesting article online by the The Telegraph, and dated May 10th. The headline itself piqued my interest:

"It's too late for Germany to save the euro"

Oh, for that to indeed be true...

I was never a Telegraph reader when I lived in the UK, and it's certainly not the most liberal of British papers, but I found myself agreeing with much of what this article stated, and it's therefore worth quoting the said article here (with bold or underlined bold added by me for emphasis):

"Greece’s motorcycling Marxist, Alexis Tsipras, makes an unlikely champion, with his commuter leathers and largely unrealistic Left-wing views, but he seems to be about the best of a bad bunch right now. As far as I can see, he’s the only member of the Greek political class who makes any kind of sense, albeit only marginally so and with one rather important deficiency.

Rightly, he’s rejected Berlin’s austerity programme as “barbaric” and counter-productive (though, incongruously, he rides to parliament on a German-made BMW), but he’s not yet managed to reconcile himself to the logical corollary of this analysis – that Greece must take back control of its own destiny by leaving the euro. As it is, the economy is condemned only to permanent depression.

Youth unemployment in Greece was yesterday revealed to have overtaken even that of Spain, at an almost unbelievable 53.8 per cent. This for an economy which, if it sticks to the programme, has a further 150,000 public sector jobs still to shed. Those who think that, with the requisite degree of structural reform, the private sector will automatically move in and fill the gap can forget it.

The banking system is insolvent, credit is plummeting , the flight of capital continues unabated and businesses are going bust in record numbers."

It continues: "As long as Greece remains in the euro, there is no plausible path back to growth."

Very valid points indeed.

Time will yet be testamant to just how insane and downright ridiculous this entire Greek euro crisis really was.

And that's not even including Italy and Spain and Ireland and Portugal and Belgium and...

Do you get my point? 

RANT: Greece is Bankrupt for Crying Out Loud!

Today the leading headline from Reuters online read:

"Greece averts immediate default, markets skeptical"

It's seldom that I would say this, but I'm with the markets on this one. Greece should be defaulting, and the markets - carnivorous, predatory, hyper-panicked beasts that they are - are very correct to be "skeptical."

The article commences: "Greece averted the immediate threat of an uncontrolled default on Friday when a sufficient number of private creditors agreed on a bond swap deal that will cut the country's public debt and clear the way for a new bailout.

With euro zone ministers set to approve the 130 billion euro ($172 billion) rescue, French President Nicolas Sarkozy declared the Greek problem had been settled - just as Germany said that any impression the crisis was over "would be a big mistake."

The crisis is not over, it is going to continue and continue until one day the ECB, the IMF and the Greek government are going to have to relent and allow Greece to default and to declare bankruptcy.

There are countless other blogs and websites online that will offer a far more adroit and technical assessment of the Greek crisis, and why bankruptcy is inevitable, and by people with far more nous than I when it comes to economic and financial matters than I.

But even I know that all of this is nothing more than a 'perfect' storm of three dangerous forces:
1. Financial terrorist speculators and bond buyers who continue to make a killing out of this decimation of Greece 
2. A European political 'dream' that is being pushed to the nth degree and has become an economic nightmare and,
3. Sadly, the paralysis of the Greek state

Money is being pumped into 'Greece', although next to nothing of it id going to the Greek public coffers or the Greek people. Money is being paid to interest loan sharks and other scheisters circling the bloody waters that is Greece at the moment.

Downright laughable is what all of this is, if it weren't so tragic and so disgusting what is being inflicted upon the people of Greece.

That's what it boils down to - a sick, cynical charade.

Do you get my point?

RANT: The Rape of Greece

Greece is being raped - again.

Its very sovereignty is hanging on a the merest thread as its own government contemplates selling it right down the line, as the acronymed vultures named EU and IMF hover hungrily.



Greece is on the verge of having to declare bankruptcy. The last round of bailouts simply didn't do the trick after speculators and other financial terrorists targeted the country's fragile economy and 'huge' public debt. There's a surprise. And I bet the IMF is so very surprised that Greece is poised to default on its debt obligations.

Just yesterday a rash of desperate, last minute talks by the EU (read: namely Germany and France, the Big Bloody F***ing Euro Bullies) on another bailout for Greece came to nothing. The big problem? They couldn't get Greece to commit to even more painful cuts to public spending.

Yeah, 'public spending' - that innocuous-sounding phrase that actually means slashed government spending on social welfare, healthcare, education, pensions, supporting arts and culture - you know, all the things that make (or, rather, made) Greece a modern European country. All poised to be slashed yet again - and yet again it is the poor and the middle class of Greece who will take the brunt of all these 'necessary' cuts to public spending.

As if people were having cuts made to their ability to get daily manicures and pedicures and other such luxuries, you know.

'Cuts' made in the name of bailing out scheister banks, propping up a failed experiment that is the euro and kowtowing to financial terrorists like the IMF.



Greece is being raped, pillaged and its very guts ripped out. No wonder the people are in the streets, raging with anger.

This will go down in history as a shameful chapter in European and world financial history. No doubt about that.

Do you get my point?

RANT: Greece - Sold (Out)

My second rant for today is a follow-up to my first rant. It's all about the Greeks again.

So what happened yesterday at the frantic EU conference in Brussels, of which the Greek financial crisis was top of the agenda?

Well, Greece got sold out of course.

And we have Germany and France in particular to thank for that. The 'deal' for Greece (read: sell-out of Greece) is that there will be a bail-out (of sorts) at the behest of both the EU and the International Monetary Fund (IMF). Or rather, very much under the control of the IMF.

Talk about shockingly bad news. Consider this:

1. The IMF is the Satan of international finance. It's that simple. This horrific organization, along with its evil twin, the World Bank, has single-handedly wreaked more havoc on the economies of the world than any other multilateral entity on the planet. The IMF is the 'world arm' of Wall Street and international banking and finance. Have any doubts? Think I'm being overly melodramatic? Then please do take the time to read "The Shock Doctrine" by Naomi Klein. And get real.

2. It is de facto guaranteed that an IMF bail-out means that a country must slash all public spending. So, bye bye to spending on education, health, pensions and other social welfare programs for the Greeks.

3. It is de facto guaranteed that an IMF bail-out means that a country must privatize more of its public entities, and that could include for energy, transport and even water. Yeah, and we all know what a huge success privatized electricity is (California and the UK, anyone?), not to mention privatized water (Bolivia, anyone?).

4. It is de facto guaranteed that an IMF bail-out means that a country must 'open' up its economy even more to foreign bankers, foreign creditors, foreign anything-that-can-rip-your-economy-off-in-the-name-of-'free-trade'. Yeah, like that's just what Greece needs right now: to be even more exposed, legs flayed wide open, to the very financial and economic terrorists that destroyed their economy in the first place. For sure.

What surprises me is that the Greek Prime Minister, who at the beginning of this crisis so virulently attacked the global financial sharks for artificially creating the crisis in his country, is now quoted as saying that he sees this 'deal' as a "big step forward". Yes, a big step forward into the abyss for Greece and for the Greek people. When was he taken away by the aliens and a Stepford Prime Minister put in his place?

Did Papandreou really need to kiss Angela's feet quite to that extent?

Look at the talons on those feet. Snicker.

Why do countries always feel so obliged to sell themselves so down the river when they are in a 'crisis'? It's the international relations equivalent of battered wife syndrome - the more battered you are, the more you go back to the aggressors for more. Just ask Argentina, circa the early 2000s.

This deal will definitely mean less sovereignty for Greece as a nation and untold more suffering and hardship for most Greek citizens, very probably for years to come. How can this be ever be a good deal?

And all of this thanks to the pressure of fellow European countries, starting with that Uber-Meister of the EU, Germany, and given greater impetus with that inimitable French je ne sais quoi.

With friends like these, what the hell does Greece need enemies for?

Do you get my point?