A tired and
disappointed prime minister spoke yesterday to the members of his
cabinet about the latest developments after the recent eurogroup
(another one), concerning the Greek debt issue. The Greek PM, Alexis
Tsipras, was restricted on usual generalities, without giving a
specific schedule about what Greece's creditors have promised to do
about Greece's debt relief. The explanation is simple: they gave him
nothing.
Despite the
usual rhetoric containing cliches like growth, jobs, investments,
fight against corruption and bureaucracy, sometimes, at some point,
even politicians reveal directly or indirectly, deliberately or not,
some of the real picture behind the curtain.
So, it would
be useful to focus on a couple of points that may give us some of the
real picture. The first one comes right in the beginning of his
speech, where Tsipras essentially admitted that after the latest
developments we should not expect the end of the crisis, which is
translated that the brutal neoliberal experiment in Greece is not
over yet:
The
decision of eurogroup, gives for the first time after seven years, a
clear horizon for the exit from the memorandums, from the recession,
and from the crisis of the economy. [...] It does not consist the
end of the crisis ...
The
second one comes little later when the disappointed Tsipras pretends
that the exit to the markets for Greece is not a primary target:
And I
estimate that, during the next period, the downward course of the
interest rates will be continued, so that very soon to be able to
make the first test exit to the markets ... openly, with viable and
sustainable terms. Yet, if you like, this is a short-term target for
us, and probably, not our primary target ...
Obviously,
Tsipras realized that the neoliberal priesthood will not allow Greece
to return to the markets with a viable interest rate because that
would give a significant independence to the country, in order to
avoid tight scrutiny and form its own policies.
As
described
previously, some Greek government
officials expressed recently their optimism that Greece could return
to the money markets during the summer with a viable interest rate,
but our guess is that it won't happen, because this would give a
certain degree of independence to Greece from the ECB and Draghi's
liquidity injections. The neoliberal priesthood knows that there is
still a danger of a possible sudden interruption, and even reversal,
of the Greek experiment, in case that Tsipras administration find an
opportunity to make independent moves, away from the creditors' tight
scrutiny, towards social policies and public investments. Then, their
new 'model' for the whole eurozone, as they dream, could have been
'blown up'.
Tsipras will
be forced to take only further measures against the Greek society
under tight scrutiny, like every other eurozone country under similar
programs. The Brussels-Berlin axis will use him and throw him to the
dustbin, hoping to replace him with a more secure puppet, like the
neoliberal leader of New Democracy, Kyriakos Mitsotakis.
There is
only one solution for Greece to be liberated from the European
Financial Dictatorship and return to the path of hope: return to
national currency, or, Grexit if you prefer. This Grexit should be
done with Greece's terms, in order to be able to survive from the
subsequent financial war that will be launched by the global
financial mafia.
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