Skip to main content

Tsipras' delay tactics on financial mafia pressure

News from the Greek battlefield

by system failure

Greece's creditors increase pressure on the Greek government as we approach the day of the referendum announced by Alexis Tsipras. After closed banks and capital controls, the creditors are trying to postpone the democratic right of the Greek people by all means. We are witnessing another operation of a fierce propaganda war inside and outside Greece, concerning the referendum.

Tsipras surprised creditors by announcing the date of the referendum in a very short time, therefore, financial mafia's propaganda mechanisms are running with full force to shape public opinion towards "yes", using terror scenarios. The closed banks scenery works on this direction.

Propaganda is directed in two targets. The first target is to show to the public that the creditors are coming back with new proposals in order to achieve a deal with the Greek government. This is an effort to force the Greek government to drop the referendum, as it would have no meaning under different proposals.

The second target is to change the real question of the referendum and set a false dilemma. European officials and Greek politicians of the neoliberal opposition together with all mainstream private media, repeat all the time that the real question of the referendum is not about the new catastrophic measures imposed by the creditors. It's about on whether Greece will stay in eurozone (or even Europe), or not! The false dilemma is accompanied with the catastrophic Grexit scenarios in order to spread the fear and make people vote for "yes".

Therefore, Juncker appeared to bring a new proposal to the Greek government before the expiration of Greece's latest dose to IMF in the first hours of Wednesday. Of course, this was only a tactic move to force Tsipras come to the table of negotiations. Tsipras smartly responded the same way: he made a proposal which probably knew that the creditors will reject.

Obviously, the creditors try to avoid the referendum because it is doubtful that they can change public opinion in such a short time, and Tsipras delays because he wants to proceed in the referendum in any case.

Why the creditors and the local oligarchs want to avoid this democratic process, or, at least change Greek people's opinion towards "yes"? Because if the Greek people reject the austerity measures, and even better, with wide majority, the creditors would have to face directly Greek people's will. How they could tell to the other Europeans that they do not respect people's will?

However, if the financial mafia representatives decide to punish the Greek people for its resistance, in order to send the message to the others in eurozone, they will probably proceed in full termination of liquidity to the Greek banks through the ELA mechanism. And that would be probably the stupidest thing they could do. The Leftist Greek government will consider this as a direct war action and Tsipras will grab the opportunity: will take full control of the banking system - write-off debt - return to national currency. Here is the truly crucial point: under such circumstances, the impact in the global markets would probably make Lehman's collapse look like a playground.

Read also:

Comments

  1. Unknown1/7/15 17:11

    I would like to believe that Greece can stick two fingers up to Europe and get away with it but Tsipras did not believe the EU would call his bluff and now he's panicking. He believes the Eurozone banks owe too much money to Greece to let the country fail, but they appear quite happy for that to happen.The referendum was supposed to be a bargaining chip for the IMF and ECB to extend their loan facilities, they have just ignored it and now Tsipras is really thrashing around...

    ReplyDelete
  2. Anonymous2/7/15 19:07

    It is not any more about money: it is about the dignity and life of many people in Greece. And the hope is great: not only for Greece, but also for many people around the world. When will this system, that crushed "common" people for the "sake" of a minority, go to an end ? It is time to say NO ! No to the tyranny of money over people. No to a system that stipulates that financial balance is more important than the lives of millions of people. On Sunday, I will say NO to this system (even if cannot vote in Greece).

    ReplyDelete
  3. Anonymous2/7/15 23:04

    Unfortunately reforms in Greece's economy are necessary and hugely overdue. Starting with its strange pension system that allows for a pensionable age below 65 years of age. Followed by trimming its inefficient government (after Syriza re-hired redundant government employees), reforming its dated and fraud-friendly tax code.

    For better or worse, Greece has not been able to bring off the necessary reforms under its own steam, making it very risky for creditors to lend Greece more money. Restructuring the debt is undoubtedly necessary, but will be discussed only after Greece has done all it can to reform its economy.


    As I understand it, Greece's creditors are open to the idea of providing a social safety-net for pensioners unable to cope due to austerity measures. They are not blind to the social cost of austerity.

    If further reforms (within months if a "Yes" vote is carried) are not an option, Greece would probably be better off leaving the Eurozone. Because then its new currency can be devalued and provide a frictionless adjustment in real wages to reflect its international competitiveness while keeping Greece's _internal_ demand alive.

    Tactics and mr. Tsipras' wishes are not the issue. Long-term sustainability of the Greek economy is.

    ReplyDelete

Post a Comment

Popular posts from this blog

Trump Talks COLLAPSE SPECTACULARLY As Iran REFUSES DEMANDS & HUMILIATES HIM Again & Again!!

Secular Talk    
Post a Comment
Read more

Προβλέψεις ...

GR elections Update (15/9): Αναθεωρημένες προβλέψεις (μετά το δεύτερο debate): ΣΥΡΙΖΑ 28-30% ΛΑΕ + ΣΧΕΔΙΟ Β' κ.λ.π. 20-23% ΝΔ 11-13% ΧΑ 6-8% ΚΚΕ 5-5,5% ΕΝΩΣΗ ΚΕΝΤΡΩΩΝ 2,5-3% ΠΟΤΑΜΙ 2,5-3,5% ΠΑΣΟΚ + ΔΗΜΑΡ 3-4% ΑΝΕΛ 2,5-3,5% Update (11/9): Αναθεωρημένες προβλέψεις (μετά το πρώτο debate): ΣΥΡΙΖΑ 25-28% ΛΑΕ + ΣΧΕΔΙΟ Β' κ.λ.π. 20-23% ΝΔ 11-13% ΧΑ 6-8% ΚΚΕ 5-5,5% ΕΝΩΣΗ ΚΕΝΤΡΩΩΝ 3,5-4% ΠΟΤΑΜΙ 2,5-3,5% ΠΑΣΟΚ + ΔΗΜΑΡ 3-4% ΑΝΕΛ 2,5-3,5% Update (04/9): Αναθεωρημένες προβλέψεις: ΣΥΡΙΖΑ 23-25% ΛΑΕ + ΣΧΕΔΙΟ Β' κ.λ.π. 20-23% ΝΔ 12-15% ΧΑ 6-8% ΚΚΕ 5-5,5% ΕΝΩΣΗ ΚΕΝΤΡΩΩΝ 3,5-4% ΠΟΤΑΜΙ 2,5-3,5% ΠΑΣΟΚ 3-4% ΑΝΕΛ 2,5-3,5% Update (29/8): Αναθεωρημένες προβλέψεις: ΣΥΡΙΖΑ 23-25% ΛΑΕ + ΣΧΕΔΙΟ Β' κ.λ.π. 20-23% ΝΔ 12-15% ΧΑ 6-8% ΚΚΕ 5-5,5% ΕΝΩΣΗ ΚΕΝΤΡΩΩΝ 4-4,5% ΠΟΤΑΜΙ 4-4,5% ΠΑΣΟΚ 3-4% ΑΝΕΛ 2,5-3,5% Update : Αναθεωρημένες προβλέψεις: ΣΥΡΙΖΑ 26-27% ...
24 comments
Read more

The West's hypocrisy has been exposed: This is how

Geopolitical Economy Report   Donald Trump's attacks on longtime US "allies" have forced Western leaders to admit their warmongering foreign policy was hypocritical. Canada's Prime Minister Mark Carney said the truth in his speech at the World Economic Forum in Davos: the "rules-based order" was "false". Ben Norton explains how the global balance of power is shifting.
Post a Comment
Read more

Greeks BLOCK Israelis From Entering Their Country

Revolutionary Change   In a continuing worldwide trend, Greeks are now attempting to block Israelis from entering their country amid them attempting to flee the consequences of their actions. Peter Hager delves into this recent trend.
Post a Comment
Read more

The dominant elite ready to break the "social contract"

Hyper-automation will allow the super-rich to “get rid” of the rest by system failure Since the French revolution and the new form of the urban states-democracies, the ruling class had to make the so-called "social contract" with the majority. From the moment that the dominant urban class took the power from feudalism and monarchy, should had to find a way to protect the means of production and the labor force. Therefore, the ethnic consciousness in each state served to bound the majority in order to shape national armies to protect the ruling class interests. In exchange, the ruling urban class had given the so-called social state, labor rights, etc., through the nation-state as a carrier and guarantor for all these benefits for the middle and lower classes. Since then, there have been a lot of battles and the majority managed to conquer some benefits. At the start of 20th century, the technology progress had brought the mass production. Western s...
14 comments
Read more

Iran could be the US’s Boer war: a hollow victory that marks the beginning of the end of empire

US leaders anticipated a walkover. Now they’re embroiled in a conflict that could hasten the end of US economic dominance  by Larry Elliott   Nobody gave the Boers a prayer when the war in South Africa began in 1899. It was farmers ranged against the might of the British empire, and the expectation was that resistance would quickly crumble. Eventually, might did prevail. Britain won the Boer war, but it was a hollow victory that took the best part of three years to achieve and came at a high cost. The blow to British prestige – coming at a time when its global hegemony was under threat from fast-growing countries such as the US – was severe. Far from highlighting the extent of Britain’s power, it exposed its limitations. A century and a quarter later, the US risks being embroiled in its equivalent of the Boer war. What should have been a walkover threatens to become a prolonged conflict. The Iranians are using guerrilla tactics, just as the Boers did, with much success. There ...
Post a Comment
Read more

Stephen Hawking confirms: The problem is Capitalism, not robots!

globinfo freexchange According to world famous physicist Stephen Hawking, the rising use of automated machines may mean the end of human rights – not just jobs. But he’s not talking about robots with artificial intelligence taking over the world, he’s talking about the current capitalist political system and its major players. On Reddit, Hawking said that the economic gap between the rich and the poor will continue to grow as more jobs are automated by machines, and the owners of said machines hoard them to create more wealth for themselves. The insatiable thirst for capitalist accumulation bestowed upon humans by years of lies and terrible economic policy has affected technology in such a way that one of its major goals has become to replace human jobs. If we do not take this warning seriously, we may face unfathomable corporate domination. If we let the same people who buy and sell our political system and resources maintain control of automated technology, the...
7 comments
Read more

Maggie's ghost: What is haunting Europe

by system failure "A ghost is haunting Europe — the ghost of Communism", Marx wrote in the Communist Manifesto, in 1847. He couldn't probably predict that the ghost above Europe in 2013, would have been totally different. Thatcher's dogmatic faith in free market, in minimizing state's presence, was a basic characteristic of her political perception. One could wonder, why the "Iron Lady" silenced in front of the facts during last decade, especially after the global economic crisis. Is it because of her age? Was she believed in the routine motto that "this is just a capitalism's cycle and will recover soon"? Or is it because she finally understood, rather late, that this was not an ideal model of the free market, but the prevail of a peculiar bank-debtocracy? Margaret Thatcher, is a characteristic case of a politician, who's fanatic faith in a specific perception, wouldn't let her see the real picture, what was this per...
15 comments
Read more

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 ...
Post a Comment
Read more

The Shifting Meaning of anti-Communism and the 2013 Protests in Bulgaria

by Georgi Medarov Тhousands are marching in Sofia for weeks, demanding resignation of the recently elected government - a coalition between the social democrats (BSP), the far right (ATAKA) and a liberal minority-rights party(DPS). Discontent started over the appointment of a media mogul as a head of the state security agency. His “media empire” is an exaggeration, most corporate media are highly supportive of the previous government and of the current protests. Big business and liberal activists insist on the “qualitative difference” with the winter social protests, that brought down the right wing government of GERB. GERB prided itself for exemplary fiscal stability, yet it collapsed in the midst of riots. Tens of thousands marched for weeks in every city against high utility prices: in an outcry of despair, 7 people burnt themselves to death in protest. Liberal activists, explicitly supported by big business, asserted cynically that the poor protested in February, while now...
Post a Comment
Read more