Skip to main content

The start of the Greek resistance against ECB?


Yesterday, Greek Corruption Prosecutors raided the family home of Bank of Greece governor Yannis Stournaras, under an investigation concerning a company linked to the central banker's wife Stavroula Nikolopoulou-Stournara.

As amna.gr reports:

Greek Corruption Prosecutors on Thursday raided the family home of Bank of Greece governor Yannis Stournaras, in connection with an investigation into advertising spending by the Hellenic Centre for Disease Control and Prevention (HCDCP), received by a company linked to the central banker's wife Stavroula Nikolopoulou-Stournara. Sources said the prosecutors conducting the raid confiscated documents and electronic files related to the activities of Nikolopoulou-Stournara's company and its dealings with the HCDCP.

[...]

This is the second investigation concerning the HCDCP's advertising spending, following an investigation that culminated in the prosecution of the agency's director and board members in 2015 for breach of faith, concerning their actions in the years 2011-2013.

Based on evidence collected by the corruption prosecutors in that case, which is now in the hands of an examining magistrate , the HCDCP spent sums greater than 2.0 million euros on messages to inform the public about health issues, such as the seasonal flu and others, which could have been broadcast without charge as public service messages. In addition, the investigators discovered irregularities in some of the related tender procedures, while in one case the contract was awarded to a company that should have been ruled out for non-payment of social insurance contributions.

[...]

... the prime minister and central banker agreed that this is an investigation by independent justice, in which both have confidence.

As mentioned in a previous article, the Bank of Greece is totally beyond the state control and therefore it is totally unreliable to serve country's interests. It has been mentioned also that a key move by the Greek government would be to take full control of the central bank.

It is worth to notice that under the "Socialist" PM, Kostas Simitis, Greece entered the neoliberal era of banking lending and bubble economy. He and his "close group" in the government are remembered as the "modernizers", and this period marked the beginning of transformation of the Socialist party into a neoliberal political formation. In essence, "modernization" was the word that had been used instead of "neoliberalism". Yannis Stournaras, former Minister of Finance and current Governor of the Bank of Greece, who has been the most willing to adopt the destructive neoliberal policies that the Troika lenders imposed to Greece, has also worked as a financial advisor for the Greek Ministry of Finance, participating in the negotiations for Greece's entry into the European Monetary Union, under Simitis administration.

Also, current Greek PM Alexis Tsipras, as an opposition leader in the recent past, described Yannis Stournaras as “the main executor of the death contract against Greek society and Greek citizens”, while SYRIZA had tabled a motion of no-confidence in Stournaras during his previous position as Finance Minister.

Note also that Stournaras has been placed in his position as Governor of the Bank of Greece already since June 2014, while the political system in Greece was preparing for possible national elections, with SYRIZA ahead in all polls. Obviously, he is the man of the ECB and Berlin in Greece (a common practice in other eurozone countries too), to make sure that the country will stay imprisoned inside the sado-monetarist prison of euro.

Recall that certain circles were promoting Stournaras as a potential new PM-technocrat, like Papademos, in case of a new political "crisis" in Greece, which could be provoked of course by the EFD/IMF/ECB centers and their Greek agents.

In previous years, anyone involved with the corrupted system of the ruling political elite, expressed through the Popular Right (New Democracy), and the Social-Democrats (PASOK), was enjoying a kind of exclusion from the scrutiny of justice. Tsipras may simply let the Greek justice free to do its job, so that to find evidence to prosecute Stournaras and put a favorable person in his position. This would be a further key step to loosen the stifling control of the ECB.

Quite recently, Slovenia showed signs of resistance against the ECB dictatorship. Maybe it's time for Greece and others to join the resistance ...

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. 

F-35s & AI Chips: How MBS Outplayed Washington & Beijing

GVS Deep Dive  Saudi Arabia just secured two of the most powerful assets in modern geopolitics: the U.S. F-35 stealth fighter and tens of thousands of Nvidia’s most advanced AI chips. Washington hoped this would pull Riyadh firmly back into the American orbit. But the outcome is something neither side fully expected: Mohammad bin Salman outplayed both Washington and Beijing — and used the great-power rivalry to his advantage.

Trump RUINED: Israel First Lies & Economic Freefall Just ENDED MAGA

Danny Haiphong   Tucker Carlson isn't the only journalist breaking with Trump. In this video, Patrick Henningsen goes scorched earth on Trump's massive betrayal of what he promised his "MAGA" base and blows the lid off how his massive lies serve as a cover up for a much bigger structural problem in America's 'Israel First' political system, what Tucker and major voices in elite MAGA won't tell you.  

Varoufakis: IT technologies will overthrow Capitalism

globinfo freexchange The former Greek Minister of Finance, Yanis Varoufakis, ended his recent speech on the Future of Capitalism, at the New School, New York, with some interesting remarks. As he said: The world we live in, is increasingly rudderless, in a constant slow burning recession, while at the very same time, the increasing concentration in the IT sector is creating the new technologies that will do that which the Left has failed to do: overthrow Capitalism. It is really very simple. The moment machines pass the Turing test properly, and you pick up the phone and you do not know whether the person you are talking to is a human being or a machine ˙ the moment we are going to have 3D printers operating as public utilities - you can send any blueprint to it and it can print from one pin to a motorcycle, or to a car - the moment that this happens, we have not just a process of Schumpeterian creative destruction, but we have a process where economies of sc...

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...

Racing Extinction

suggested by failedevolution.blogspot 18th Thessaloniki Documentary Festival Scientists predict that humanity’s footprint on the planet may cause the loss of 50% of all species by the end of the century. They believe we have entered the sixth major extinction in Earth’s history, following the fifth great extinction which took out the dinosaurs. Our era is called the Anthropocene, or “Age of Man,” because evidence shows that humanity has sparked a cataclysmic change of the world’s natural environment and animal life. Yet, we are the only ones who can stop the change we have created. The Oceanic Preservation Society (OPS), the group behind the Academy Award-winning film The Cove, is back with a new groundbreaking documentary. Joined by new innovators, this highly charged, impassioned collective of activists brings a voice to the thousands of species teetering on the very edge of life. The director has crafted an ambitious mission to clearly and artfu...

Neoliberal establishment will attempt to take control of the evangelical electoral army using its most powerful asset for such an operation: Joe Biden

globinfo freexchange Here is another strong indication about the theory we support, according to which Trump, Brexit and other far-right governments in power, are primarily the product of a merciless civil war of the big capital. Politico 's article subtitle tells you almost everything you need to know: The president’s supporters worry Biden can grab a larger slice of a critical voting bloc — when Trump can least afford departures from his base. Let's take a look at some interesting parts [most important highlighted]: It was June 10, 2008. Presumptive Democratic presidential nominee Barack Obama had gathered with dozens of evangelical leaders — many of them fixtures of the religious right — at the urging of campaign aides. If he could offer genuine glimpses of his own abiding faith, they insisted he could chisel away at the conservative Christian voting bloc. The strategy worked. Obama’s campaign stops at churches, sermon-like speeches and hi...

Maduro's opening to China

“ Chinese President Xi Jinping on Wednesday said he hopes Venezuela will use bilateral financing mechanisms and channel more funds to the areas of energy, mining, agriculture and industry while meeting with Venezuelan President Nicolas Maduro.” “ Financing mechanisms between the two countries total more than 50 billion U.S. dollars, according to Venezuelan experts. Financing mechanisms, including the China-Venezuela Fund, have provided financial support for some 256 projects. China and Venezuela upgraded their relationship to a comprehensive strategic partnership during Xi's visit to Venezuela in 2014, opening a new chapter in bilateral ties.” “ During their meeting, Xi called on the two sides to push bilateral ties to a higher-level. China supports Venezuela's efforts in restructuring its economy and establishing a manufacturing economic model, he said. Xi suggested the two countries push forward cooperation in the fields of oil exploration, infrastru...

South American Pink Tide nations should unite to face US imperialism

by system failure   In one thing Donald Trump and his liberal rivals are united: to keep the US imperialist project alive. No matter how much angry they are with him, the liberal clowns (and their corporate media) fully align behind the orange clown under the roof of the US imperialist circus.  After supporting ridiculously that Venezuela is a key drug cartel hub to justify a possible invasion, the orange clown suddenly remembered that Colombia "is making cocaine". For decades, the Colombian cartel under right-wing US-puppet governments, collaborated with CIA in drug trafficking. Yet, now, "coincidentally" under a Leftist government who actually tries to deal with the problem of drug trafficking, Trump discovered the Colombian cocaine.  Of course, even a ten-year old kid knows today that the US aggression against Latin America countries, has nothing to do with drugs, or defending Democracy and human rights. It has to do with the resources and the fact that Russia a...

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...