Skip to main content

Three years from the coup against Greece by the European Financial Dictatorship


Three years passed (July 5, 2015) since the European Financial Dictatorship through the European Central Bank (ECB) and its head Mario Draghi, was forced to proceed in an open financial coup against Greece.

The start of current decade revealed the most ruthless face of a global neo-colonialism. From Syria and Libya to Europe and Latin America, the old colonial powers of the West tried to rebound against an oncoming rival bloc led by Russia and China, which starts to threaten their global domination.

Inside a multi-polar, complex terrain of geopolitical games, the big players start to abandon the old-fashioned, inefficient direct wars. They use today other, various methods like brutal proxy wars, economic wars, financial and constitutional coups, provocative operations, 'color revolutions', etc.

In this highly complex and unstable situation, when even traditional allies turn against each other as the global balances change rapidly, the forces unleashed are absolutely destructive. Inevitably, the results are more than evident.

It would be unthinkable for the neo-colonialists to conduct proxy wars inside European soil, especially against countries which belong to Western institutions like NATO, EU, eurozone, etc. The wave of the US-made major economic crisis hit Greece and Europe at the start of the decade, almost simultaneously with the eruption of the Arab Spring revolutionary wave and the subsequent disaster in Middle East and Libya.

Greece was the easy victim for the global neoliberal dictatorship to impose catastrophic measures in favor of the plutocracy. The Greek experiment enters its seventh year and the plan is to be used as a model for the whole eurozone. Greece has become also the model for the looting of public property, as happened in the past with the East Germany and the Treuhand Operation after the fall of the Berlin Wall.

While Greece was the major victim of an economic war, Germany used its economic power and control of the European Central Bank to impose unprecedented austerity, sado-monetarism and neoliberal destruction through silent financial coups in Ireland, Italy and Cyprus.

The Greek political establishment collapsed with the rise of SYRIZA in power, and the ECB was forced to proceed in an open financial coup against Greece when the current PM, Alexis Tsipras, decided to conduct a referendum on the catastrophic measures imposed by the ECB, IMF and the European Commission, through which the Greek people clearly rejected these measures, despite the propaganda of terror inside and outside Greece. Due to the direct threat from Mario Draghi and the ECB, who actually threatened to cut liquidity sinking Greece into a financial chaos, Tsipras finally forced to retreat, signing another catastrophic memorandum.


Through similar financial and political pressure, the Brussels bureaufascists and the German sado-monetarists along with the IMF economic hitmen, imposed neoliberal disaster to other eurozone countries like Portugal, Spain etc. It is remarkable that even the second eurozone economy, France, rushed to impose anti-labor measures midst terrorist attacks, succumbing to a - pre-designed by the elites - neo-Feudalism, under the 'Socialist' François Hollande, despite the intense protests in many French cities.

Taking the lead from Hollande, Emmanuel Macron is even more keen to carry out the dirty mission. That is, of course, to deregulate completely the labor market and destroy the trade unions. It is almost ridiculous that a significant portion of the establishment media has labeled and continues to label the puppet of the big capital as "progressive".

And now, another French puppet of the big capital, Pierre Moscovici, came to Greece to declare the end of the disastrous program because now Greece is a 'normal country'! This is the same country that entered the IMF program in 2010 with a debt at 120% of GDP and now, exits the program with a debt at 180% of GDP and an unemployment remaining in record levels.

This is the best proof that the Brussels bureaufascists and the German sado-monetarists do not care at all about the 'discipline' of the member states to the economic standards. They impose these standards just to give a kind of supposed reliability to their financial dictatorship. Instead, the only thing they care about is to absolutely fulfill the interests of the corporate and financial lobbies, as well as, retaining a failed system that only serves the German export capital and the German surpluses at the expense of the rest of the member states.

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...