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

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. 
Post a Comment
Read more

Exposed: USA plans to use this country to hurt China & help Israel

Geopolitical Economy Report   In Cold War Two, the USA is pressuring countries to cut ties with China and recognize Taiwan separatists. Donald Trump blatantly meddled in Honduras' 2025 election and backed a political coup to put in power right-wing oligarch Nasry "Tito" Asfura, who strongly supports Taiwan and Israel. Ben Norton discusses US imperialism in Latin America.  
Post a Comment
Read more

Mossad ‘in contact from very beginning’ with killers of Italian PM, reporter reveals

A roving reporter who covered Italy’s top politicians explains to The Grayzone how his country was reduced to a joint US-Israeli “aircraft carrier,” and raises troubling questions about an Israeli role in the killing of Prime Minister Aldo Moro.   by Kit Klarenberg and Wyatt Reed   Part 7 - Mossad continues Italian ops amid Gaza genocide   Today, there is little trace of any pro-Arab tendencies in mainstream Italian politics. According to Salerno, the US and Israel no longer have any need to “destabilize Italy” as the country is economically “weak.” Rome’s government now is for all intents and purposes “a continuation, even an extension, of the old fascist regime,” he says, adding, “there are people in the government that have statues of Mussolini in their houses.” Prime Minister Giorgia Meloni has made clear she harbors little sympathy for the Palestinians, and little intention of recognizing a Palestinian state – even after it was revealed in November 2024 the Mossad ha...
Post a Comment
Read more

The orange clown invades Venezuela, betrays MAGA base

globinfo freexchange   Abandoning all pretexts, the orange clown of terror kidnapped the legitimate president of Venezuela, Nicolas Maduro. The US imperialist mafia now invades sovereign nations, kidnaps legitimate presidents, using ridiculously baseless excuses. Of course, not even a 10-year old child seriously believes that Maduro will be treated fairly in a fair trial by any US court. The fascist Trump regime already betrayed MAGA base, as one of Trump's key promises for a zero-intervention policy, has been blatantly violated. It is clear that Trump doesn't care at all for the will of the vast majority of the American people who is tired from this ruthless imperialist policy. He knows this is his last term, unless he dares to do the unthinkable: expand his dictatorship, contrary to the US constitution. According to a scenario among plenty, Trump has made an unofficial bargain with Putin to secure their spheres of influence. Yet, in such a case, we don't know what is the...
Post a Comment
Read more

Putin’s War BOMBSHELL Destroys Trump’s Ukraine Plan

Danny Haiphong   Vladmir Putin has dropped a huge bombshell on Trump and his plan to end the Ukraine conflict on terms favorable to the US & NATO says former CIA analyst Larry Johnson & Patrick Henningsen. This video breaks down the truth about the conflict the neocons in the European and US establishment don't want you to know.   
Post a Comment
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

Trump ADMITS U.S. Just Wants Venezuela's Oil!

Lee Camp - Unredacted Tonight   Trump has stripped away the usual pretense of democracy promotion and humanitarian concern regarding Venezuela, revealing a far more transactional objective: oil. Lee Camp connects Trump's admission to a long-standing campaign of economic pressure and political destabilization, in a strategic imperative for a global power seeking to secure its financial architecture.
Post a Comment
Read more

The genocide of Palestinians will never be forgotten be forgiven

failed evolution   Gaza will finally become beast's own graveyard.   
Post a Comment
Read more

Julian Assange: Sweden broke own laws with Nobel Prize to Venezuela’s Machado

By awarding its peace prize to Trump’s favorite Venezuelan opposition figure, pro-war coup plotter Maria Corina Machado, the Nobel Committee contravened the principles enshrined in its founding documents, as well as Swedish law, Julian Assange alleged in an explosive brief reviewed by The Grayzone. by Max Blumenthal and Wyatt Reed Part 2 - Norwegian Nobel judges tied to influential Venezuelan regime change lobbyist The awarding of the Nobel Peace Prize to a figure as clearly unqualified as Machado – and in apparent violation of Swedish law – raised questions about whether the Committee had been influenced by powerful outside interests. Machado’s nomination for the prize by the US Secretary of State had an undeniable impact on the decision, as the Nobel ceremony serves as a central channel of Norwegian soft power. But inside Oslo, a political powerbroker determined to return to power in his family’s native Venezuela may have also played a role in swinging votes for Machado. He is Thor H...
Post a Comment
Read more

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...
Post a Comment
Read more