Skip to main content

A scenario-nightmare for the future of Europe

by system failure

Recent events in Cyprus, give us an even clearer picture of which appears to be driven things so far in eurozone, but also the whole of Europe in general.

It is more than clear, that the policies of memorandum are leading to a dead end, and this is clear not only from the daily life of citizens in countries that adopted memorandum terms, not only from the financial data of these countries and bleak predictions particularly for growth and unemployment, but also, by statements from executives or former executives of IMF (Roumeliotis-Blanchard), which of course were made​ purely for distraction purposes, and by numerous analyses of many economists in Greece and abroad. This is also clear, from the destruction that these policies brought, under the pressure of IMF, in any area applied in the past.

The dogmatic adherence on these destructive policies, shows that the real goal is to impose certain conditions in favor of a dominant economic oligarchy. With its starring puppets Merkel and Schäuble, this financial oligarchy, imposes “by fire and sword” these conditions in heavily indebted countries, through a peculiar economic war. Although we must be wary about the results of the polls, the recent poll in Germany gave a big relief to Merkel, and makes things easier, in order to continue the implementation of harsh austerity policies on indebted eurozone periphery. The financial oligarchy rushes to launch a violent federalization of Europe, based on purely neoliberal standards.

Let's not forget that, just about five months ago, European officials were about to supposedly decide to secure the proposal of Monty for guaranteeing the bank deposits, but the events in Cyprus just show that this financial oligarchy rushes to use any mean, eliminating any condition, to cut any other source of funding for the eurozone member-states, which will fall one by one into the trap of the European Central Bank. This rather 'clumsy' imposition of destructive policies, which removes all pretences, is an indication that the economic and political elites attempt to prevent potential subversion of their projects.

Thus, the neoliberal European economic empire which is about to arise, must give something to buy time, which is to throw some money through the back door with specific funding programms, to give the illusion of rebooting the “precious” and “desirable” development and real economy. Another example of "payoff" is the allowances-tricks, such as that recently announced for independent small-medium business owners who lost their businesses in Greece, and the amounts announced by the European Investment Bank for the small-medium business sector up to 2015, which, in essence, are buying time for the neoliberal plan to be completed, preventing any “unpredictable facts” from undesirable governments or “uncontrolled” massive indignant citizens, at the same time the neoliberal policies are killing small-medium businesses and help multinational corporations. The fully controlled big media are coordinated in this direction, presenting news of business deals - type, which will supposedly help the country to get out of the crisis and bring growth and jobs, which they never come.

Recently, European Central Bank took over the reins of propaganda, making deliberately coarse comparisons by announcing through its own study that, for example, citizens of the Republic of Cyprus is on average more than three times richer than Germans, or that, of the countries which have joined in bailout programs, only citizens in Greece and Portugal held less wealth than countries with AAA, while citizens in Spain and Italy are significantly richer. The ECB through this study, not only attempts to prevent convergence and consensus among all peoples of the eurozone against austerity policies, but also "points" quite clearly the next possible targets, Italy and Spain, which are not yet entirely dependent on the ECB.

Regarding Germany, as Frankfurt is the financial center of gravity of the eurozone, bankers are using the German leadership, and they begin to fully control the flow of money across the eurozone and thus enforce the desired policies in favor of big capital.

The German political class is ready to give “earth and water” to the German economic elite in order to avoid the latter to emigrate permanently to other markets with very cheap labor. Since, however, at least for the moment, it is impossible to throw salaries in Chinese or Indian levels, politicians must give something more. Expensive gifts are oil, natural gas and land, at excruciating prices in all countries that have not yet been privatized or remain unexploited, such as Greece. Sellout in other parts of eurozone, since everything in Germany has been sold and there are no fields of oil and natural gas. If someone wants to see an example, could only have to take a look at the relatively recent past and how former West Germany behaved against former East Germany, with the fast and massive privatizations and companies that passed into the hands of the West Germany's economic elite under excruciating prices. German oligarchs are organizing a new "Treuhand" throughout Europe. Other multinationals will follow to take advantage, and preparing for big party on potential oil and natural gas fields. Maybe this explains the absence of France in recent decisions on Cyprus and the... nap of Moscovici in recent Eurogroup.

The destruction of welfare state is another enticing gift to financial oligarchy, marking the “relief” from “annoying” additional taxes, but gives also the signal for full privatization of health and education sectors with great opportunities for “big business”. In fact, the U.S. and Europe are engaged in a competitive race on who will give more to large corporations and banks. This explains the recent statement by the U.S. Secretary of Treasury, speaking about growth through consumption, criticizing indirectly the austerity policies in Europe, and the expected reaction of Schaeuble, as the U.S. rely heavily on consuming power, and they do not want for the moment to cut wages and labor rights in extent. They see that Europe is moving rapidly to the degradation of welfare state and dissolution of labor rights, which means that it will quickly become more "attractive", even for big companies based in their territory.

Bilingualism of larger media is also characteristic, even in Greece, regarding Merkel and Schäuble, as on the one hand are presented as a representative sample of German intransigence, insisting on the destructive policies of austerity and cuts and putting at risk the cohesion or even the survival of eurozone, with decisions such as those for the “haircut” of deposits in Cyprus, and on the other hand, another picture begins to propagate, that, which displays them nearly as pioneers of purge against the "sinner" tax havens, among other things. Perhaps this is an explanation for their high rates in recent polls, if we should believe in them of course.

Summarizing, we could say that in order to consolidate the neoliberal European economic empire, German oligarchs promote another "haircut" of multiple dimensions across Europe. They proceed into a violent cut of salaries and pensions, trying to equalize them in a first phase with those of countries of the former Eastern bloc, and disolving the welfare state. Federalism means however, that the same policies will be applied totally, definately and very soon, also against German citizens and workers.

Comments

Popular posts from this blog

Why are Israeli war criminals hiding out in Patagonia?

The Grayzone   The Grayzone 's Oscar Leon examines reports of Israeli veterans of Gaza hiding out in the Patagonia region of Argentina, a country governed by a hardcore supporter of Israel who has forged close ties to messianic networks and the government of Benjamin Netanyahu. To place the issue in a wider context, Leon spoke to veteran Argentine journalist Sebastian Salgado, and Santiago Cuneo, a former boss of Milei and now one of his fiercest opponents. 

BRICS expands to majority of world population: Vietnam joins, USA fails to divide China & Vietnam

Geopolitical Economy Report   BRICS has expanded to 20 countries - 10 members and 10 partners - after adding Vietnam. BRICS+ now makes up 43.93% of world GDP (PPP) and 55.61% of the global population. Ben Norton explains how the US failed to divide China and Vietnam in the Second Cold War. 

Trump Welcomed a War Criminal to the White House

Senator Bernie Sanders   Benjamin Netanyahu has been indicted as a war criminal. His government is systematically killing and starving the people of Gaza. He will be remembered as one of the monsters of modern history. And Trump welcomed him to the White House.  

Funcionario de Trump: el director de la CIA “toma dictado” del Mossad sobre Irán

Un funcionario de la administración Trump le cuenta a The Grayzone que el Mossad israelí está usando al director de la CIA, John Ratcliffe y al jefe del CENTCOM, general Michael Kurilla, para influenciar a Trump con inteligencia manipulada sobre el programa nuclear iraní. Dentro de la Casa Blanca, los disidentes han sido aislados, preparando el terrenno para una guerra de cambio de régimen que pudiera costar vidas estadounidenses.   Max Blumenthal and Anya Parampil  Parte 4 - La jefa de gabinete aísla a Trump con “el general favorito de Israel”   El funcionario de la administración le contó a The Grayzone que la jefa de gabinete de la Casa Blanca, Suzie Wiles, se aseguró de que el presidente permaneciera rodeado por Ratcliffe y el general Michael Kurilla en los briefings relacionados con Irán. Se dice que Ratcliffe toma dictado del Mossad y lee los documentos que ellos prepararon al presidente sin ningún sentido de desapego crítico, o revelar que las valoraciones provinie...

As Trump threatens BRICS, it grows stronger, resisting US dollar and Western imperialism

Geopolitical Economy Report   US President Donald Trump has threatened heavy tariffs on BRICS, claiming the organization is "dead", but it is actually growing in size and influence. 10 members and 10 partners participated in the 2025 BRICS summit in Brazil, where they discussed plans for dedollarization, trade and investment in national currencies, and how to create a more multipolar global order. Ben Norton explains.     Related:   Trump's tariffs: A unique opportunity for BRICS and the Global South to fully escape from dollar tyranny

SHOCKING Outburst in EU Parliament: ‘Isráel Must Be Held Accountable!

The Africa News Network  

Israel is responsible for one of the cruelest genocides in modern history

UN Palestinian Rights Committee   In her address to the Human Rights Council on 3 July 2025, Francesca Albanese, the UN Special Rapporteur on the situation of human rights in the Palestinian territories occupied since 1967, warned of a genocide unfolding in Gaza and the West Bank.    She described the situation as “apocalyptic,” stating that “Israel is responsible for one of the cruelest genocides in modern history.”    With over 200,000 Palestinians reported killed or injured and the real toll “far higher,” she accused Israel of dismantling humanitarian aid in Gaza, replacing it with a “so-called 'Gaza Humanitarian Foundation' [that] is nothing else than a death trap.”    She emphasized that this was not an isolated crisis but part of a decades-long “settler colonial project of erasure” that has intensified in recent months through military force, starvation, and mass displacement. Albanese condemned the deep complicity of corporate and state actors i...

Israel Is Building A CONCENTRATION CAMP In Gaza

Owen Jones                    There are no pretenses here. No pretenses at all. This is a genocide being committed in front of the whole world.  

Trump’s Tariff Threat on BRICS BACKFIRES— Is He Fueling the Rebellion?

GVS Deep Dive   Donald Trump just slapped a 10% tariff threat on BRICS countries — calling them “anti-American” and accusing them of trying to destroy the U.S. dollar. But instead of weakening the bloc, his aggressive posture might be doing the opposite.   GVS Deep Dive unpacks Trump’s July 2025 tariff ultimatum, the explosive Truth Social posts, and the BRICS summit response from leaders like Lula and Modi. From new financial systems like BRICS Pay to de-dollarization and sovereign trade in local currencies, the Global South is pushing back. And here’s the twist: as Trump tries to defend the dollar with threats, he may actually be accelerating the very rebellion he fears. 🎯 Why is the U.S. struggling to sign new trade deals? 🇮🇳 Will India bend under Trump’s pressure — or break away? 🌍 Is BRICS the future of global power? 📉 And what happens if the dollar really does decline?     Related:  Trump's tariffs: A unique opportunity for BRICS and the Global So...

Spying on Iran: How MI6 infiltrated the IAEA

Leaked confidential files indicate the International Atomic Energy Agency was infiltrated by a veteran British spy who has claimed credit for sanctions on Iran. The documents lend weight to the Islamic Republic’s accusation that the nuclear watchdog secretly colluded with its enemies. by Kit Klarenberg Part 2 - Langman’s name placed under official UK censorship order In 2016, Langman was named a Companion of the Order of St Michael and St George, the same title bestowed on fictional British spy James Bond. By that point, the supposed secret agent held the dubious distinction of being publicly ‘burned’ as an MI6 operative on two separate occasions. First, in 2001, journalist Stephen Dorril revealed that Langman had arrived in Paris weeks prior to Princess Diana’s fatal car crash in the city on August 31 1997, and was subsequently charged with conducting “information operations” to deflect widespread public speculation British intelligence was responsible for her death. Then, in 2005, he...