“Greece
only has a few days to either agree to an extended EU bailout, or
walk away from its European partners and seek other assistance,
possibly Russia or China, or other BRICS countries.”
“Finance
ministers from the eurozone will meet with Greek counterpart Yanis
Varoufakis on Friday February 20 to either extend the current bailout
program or sign a new deal. If no progress is made, Greece could be
forced to leave the euro currency.”
“The EU
is nervous about Greece looking elsewhere to get a better deal,
according to former British diplomat William Mallinson. 'They fear
above all Greece getting closer to Russia, as it ought to
historically in any case. Because at the end of the day, they know
very well that it is possible to have a BRICS loan with perhaps
Russian-Chinese help, with far lower interest rates,' Mallinson told
RT.”
“A move
towards China or Russia would deepen the divide between Athens and
the rest of the EU, says Mallinson, and any EU country that comes to
Greece’s rescue could also be economically isolated. 'Or who knows,
even a compromise with Russian help and some individual European
countries,' he suggests. However, the cost of borrowing for Greece
continues to rise as government debt continues to devalue. Greek
banks are very dependent on help from the European Central Bank.”
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Greece's Deputy Foreign Minister,
Nikos Chountis, confirmed that Greece examines a plan B in case
that the negotiations with the European "partners" about
the debt will be driven to a dead end. [...] “There have been
proposals, offers I would say, from Russia, recently after the
election, for economic support as well as from China, regarding
help, investment possibilities,” Chountis said, ...
Earlier, the Greek Defence
Minister Panos Kammenos spoken about a plan B, concerning funding
from Russia and China or other countries:
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As BRICS are in the processes to
decouple economies from the Western neoliberal monetary monopoly,
they could bring back the gold standard as a base for their
transactions, which is much more steady than the paper money
unstable financial bubbles. They are ready, because they are
emerging economies with billions of potential consumer tanks and
can attract other countries too being victims of the international
financial mafia, like Argentina and Greece.
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