by
system failure
As we approach the end of the
four-month truce period between the Greek government and the
institutions (ECB, IMF, European Commission), the battle between
Greece and the lenders is getting tougher, as expected. Not only
Greece, but also the eurocrats appear to be in a difficult position,
with limited options under sensitive balances for them.
A non-option for the "emperor"
Draghi would be to release his massive Quantitative Easing for Greece
too, in order to avoid further dangerous uncertainty. Currently, the
QE program is directed to all eurozone members except Greece
which must be "punished" for not obeying anymore to the
catastrophic neoliberal policies under the new government. This case
would be catastrophic for the plans of the financial and corporate
lobbyists, as it would signal to the other members that they could
abandon austerity without consequences.
Another non-option would be to cut
completely the funding of the banking system through the Emergency
Liquidity Assistance (ELA), as this would leave no choice to Greece
but to exit eurozone. However, this could be a multiple disaster for
the elites' plans as Greece could immediately return to national
currency, write-off significant part of its debt and start to recover
gradually.
In such a case, the euro-empire
would be forced to declare total war on Greece by blocking the Greek
products and the new currency in any kind of transaction. Except that
this could send the wrong message to new potential eurozone or even
EU members, it could lead to a disaster in the geopolitical field
too. Greece could choose the BRICS option as a huge new market for
its products and currency. The countries of BRICS already make
bilateral transactions in national currencies as they are trying to
achieve complete independence from the dollar monopoly.
Greece
has been invited already to become the sixth member of the New
Development Bank of BRICS.
(http://failedevolution.blogspot.gr/2015/05/evolving-fast-greece-closer-to-brics.html)
Therefore, the only option for the
"emperor" and the eurocrats would be to proceed in a kind
of controlled default without Grexit. In essence, the plan is already
running under ECB guidance through the full control of limited
liquidity to the Greek banks. The mainstream media inside and outside
Greece are fully aligned with this plan, as the systemic parrots -
journalists launched another round of catastrophic analyses.
You
can hear now, in everyday basis, that the government should rush to
close the deal with the lenders because the market actually
collapsed. The target is double. On the one hand the government is
pushed to compromise with the lenders away from its red lines,
therefore slip progressively to their policies. On the other, the
government will lose progressively the wide support of the Greek
people.
At the same time, the war by the
media leads to a vicious circle, as the increased uncertainty they
create, drives market to deeper recession. By strangling further the
economy and systematically reducing liquidity, the neoliberal
dictatorship inside and outside Greece is forcing Tsipras
administration to retreat far from its red lines.
The plan shows that the elites
want to lead Greece quietly back to the path of the slow death in
order to secure the final conditions in the Greek experiment. They
have limited options and they fear that many things could go wrong.
Tsipras should take advantage of this fact and prepare the country
for Grexit, if he hasn't done it already.
Read
also:
But Greek voters, like voters anywhere, like the gravy train. They want NO CHANGE. "Security". Tsipras knows this.
ReplyDeleteVoters everywhere are most terrified of alterations or disruptions to their established consumption levels...even if they are entirely ARTIFICIAL.
In case of Greece we are not talking simply about consumption. An entire society has been impoverished, the middle class and social state almost eliminated. We are talking about war conditions.
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