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

Capitalism & Genocide - Yanis Varoufakis Speech at the Gaza Tribunal, 23rd October 2025, Istanbul

Yanis Varoufakis   On 23rd October, Yanis Varoufakis testified in front of the Jury of Conscience in the context of the Gaza Tribunal. His speech focused on the economic forces underpinning the genocide of the Palestinian people. In particular, he spoke on the manner in which capitalist dynamics have historically fuelled the white settler colonial project and, more recently, how the accumulation of a new form of capital - which he calls cloud capital - has accelerated, deepened and amplified the economic forces powering and propelling the machinery of genocide. 

Munich Shock: Rubio’s Vision of a New Western Century & World Order

GVS Deep Dive   At the 2026 Munich Security Conference, U.S. Secretary of State Marco Rubio delivered one of the most consequential foreign policy speeches of the year. Framed as a call for Western renewal, his address went far beyond NATO reassurance — outlining a vision of sovereignty, industrial consolidation, and civilizational confidence that may signal the end of the post-Cold War global order.   Is this the beginning of a Second Cold War?   Is the West reorganizing around bloc competition?   Or are we witnessing the construction of a new world order? 

What Iran, Russia & China just did is HUGE, War BACKFIRES on Trump

Danny Haiphong   Iran's shocking response to Trump's imminent attack is sending fear down the spines of the US military as war leaves them defenseless from Iranian missile fire says Mohammad Marandi. This video breaks down why this war is already backfiring on Trump. 

Saudi Arabia & Qatar caught Mossad agents planning false flag operations inside their soil to blame Iran

Tucker Carlson says Saudi Arabia & Qatar caught & arrested Israeli Mossad agents planning bombings in those countries. pic.twitter.com/6PUxWeUymu — Jackson Hinkle 🇺🇸 (@jacksonhinklle) March 3, 2026

US-Israeli attack on Iran expands into GLOBAL WAR: EU & UK join, Canada supports, Gulf regimes hit

Geopolitical Economy Report   The US-Israeli war on Iran is expanding into a global conflict. The European Union supports it. The UK is letting Trump use British bases. Germany and France are involved. Canada backs it. Tehran has retaliated, in self-defense, hitting US military bases in Gulf countries. Ben Norton explains. 

A response to misinformation on Nicaragua: it was a coup, not a ‘massacre’

There is so much misinformation in mainstream corporate media about recent events in Nicaragua that it is a pity that Mary Ellsberg’s article for Pulse has added to it with a seemingly leftish critique. Ellsberg claims that recent articles, including from this website, often “ paint a picture of the crisis in Nicaragua that is dangerously misleading. ” Unfortunately, her own article does just that. It looks at the situation entirely from the perspective of those opposing Daniel Ortega’s government while whitewashing their malevolent behavior and downplaying the levels of US support they have relied on. Her piece is an incomplete depiction of what is happening on the ground, ignoring many salient facts that have come to light and which have been outdated by recent events. The following is a brief response to Ellsberg’s main points from someone who lives in Nicaragua and has observed the situation directly and intimately: https://grayzoneproject.com/2018/08/15/a-res...

This Is Why Iran Will DEFEAT The United States & Israel!

The Jimmy Dore Show    

Billionaires are social distancing in super yachts as tens of millions lose jobs

Everyday, it becomes clearer: the COVID-19 pandemic is hitting poor, working, and marginalized communities the hardest. Millions of workers – especially low-wage retail, food service, hospitality, and care workers – have faced the terrible choice daily between going to work and risking their health, or staying home and risking their paychecks. Many other workers don’t even have that choice, with around 30 million people in the US filing for unemployment in the past six weeks. But billionaires don’t face these same problems. As tens of millions have lost their jobs over the past two months, billionaire wealth soared by a whopping $282 billion between March 18 and April 10, according to a new study from the Institute for Policy Studies.  And while finding enough space to wait out the pandemic is something many struggle with, billionaires have been escaping to their second (or third, or fourth) homes to ride it out in luxury – all while they position themselves to ...

Η θύελλα έρχεται, Grexit τώρα!

globinfo freexchange Η εκστρατεία δαιμονοποίησης της πιθανότητας επιστροφής σε εθνικό νόμισμα συνεχίζεται αμείωτη, ακόμα και επί κυβέρνησης Τσίπρα. Η κυβέρνηση ΣΥΡΙΖΑ-ΑΝΕΛ είναι σίγουρο ότι δεν έχει την πραγματική εξουσία στη χώρα και αυτό φάνηκε τόσο από το οικονομικό πραξικόπημα Ντράγκι το περασμένο καλοκαίρι, όσο και από το γεγονός ότι επιβάλλονται στην παρούσα κυβέρνηση άνθρωποι σε θέσεις-κλειδιά, όπως για παράδειγμα ο τωρινός διοικητής της Τράπεζας της Ελλάδος, Γιάννης Στουρνάρας. Η προπαγάνδα της εγχώριας τραπεζομιντιακής δικτατορίας που διατηρεί ακόμα την πραγματική εξουσία, ως παράρτημα της Ευρωπαϊκής Χρηματοπιστωτικής Δικτατορίας (ΕΧΔ), δαιμονοποιεί με κάθε μέσο και με κάθε ευκαιρία, μέσα από τα γνωστά σενάρια ολέθρου, την πιθανότητα επιστροφής σε εθνικό νόμισμα. Όπως έχει επανειλημμένα τονιστεί σε παλαιότερα άρθρα, ο μόνος τρόπος για να σταματήσει η καταστροφική πορεία της χώρας, η οποία επιβάλλεται συστηματικά από τους μηχανισμούς της ευρω-δικτατορίας κ...

Five reasons a war with Iran will mark the final fall of US empire

globinfo freexchange   1. The nature of war has changed dramatically since the Iraq war, due to technological developments. A ground invasion, especially against Iran, would be catastrophic for the US empire with unpredictable consequences, even if the regime-change mission successfully completed.  2. The Iran allies in the region are still active, despite their losses. This is connected with the first reason in a way because armed groups dispersed in the Middle-East and affiliated with Iran, can lead to an asymmetric, out-of-control conflict to the point where US forces may suddenly find themselves trapped in a wider deadly warzone with no exit. The new, relatively cheap technology of drones and small/middle range missiles, is easily accessible to these groups. The Ansar Allah group in Yemen, already demonstrated their ability to sabotage US military operations. 3. Iran is not Iraq. Not only due to its size and the fact that we live now in a very different period, but also be...