FacebookTwitterRedditEmail

A Rebuke to EU-Imposed Austerity

With 90% of the votes counted, the Greek people have voted 61% to 39% against accepting the latest round of austerity that the EU is trying to impose on the Greek people for the benefit of the One Percent.  What is amazing is that 39% voted for the One Percent against their own interests.  This 39% vote shows that propaganda works to convince people to vote against their own interest.

The vote was not a vote to leave the EU.  With the backing of the Greek nation, the Greek government hopes to reopen negotiations with the EU and to find a solution to the debt problem that will actually work.  The EU objects to the Greek people having a voice in their fate, and unless common sense prevails is inclined to disregard the vote and to maintain the EU’s inflexible position that the debt issue can be resolved only on the EU’s terms.  As has been made perfectly clear, these terms are more looting of the Greek economy by the One Percent.

As the Greek banks are closed and evidently cannot reopen without a resolution of the issue, EU inflexibility would force Greece to leave the euro and return to its own currency in order to reopen the banks.  This would not require Greece’s departure from the EU as the UK and one or two other EU member states have their own currencies. However, most likely the EU and Washington and Washington’s Japanese, Canadian, and Australian vassals would attack the new Greek currency and drive its value in exchange markets to such a low value that Greece could not import and wealth held in Greek currency would be worthless abroad.

An inflexible EU creates conditions for Russia and China to act. These two powerful nations have the means to finance Greece and to bring Greece into the economic relationships established by these two countries and by the BRICS.

Alexander Dugin, a Russian strategic thinker who has the ear of the Russian government, has said:

“The Russians are on the side of the Greeks, we will not leave them alone in their suffering. We will help them and give them every possible support. Brussels and the liberal hegemony seek to dismantle Greece. We want to rescue it.  We took our religions faith from Greece, as well as our alphabet and our civilization.”

Dugin said that the Greek referendum is the start of “the fundamental European liberalization process from the dictatorship of the New World Order.”  He says this also is “our own endeavor.”

The Greek drama is far from over. Pray that the Russian and Chinese governments understand that rescuing Greece is the start of the process of unravelling NATO, Washington’s mechanism for bringing conflict to Russia and China.  The One Percent have Italy and Spain targeted for looting, and eventually France and Germany herself. If the Greek people rescue themselves from the clutches of the EU, Italy and Spain could follow.

As Southern Europe departs NATO, Washington’s ability to create violence in Ukraine is diminished as the world realigns against the Evil Empire.

Washington’s power could suddenly diminish, thus saving the world from the nuclear war toward which Washington’s neoconservatives are pushing.

Paul Craig Roberts is a former Assistant Secretary of the US Treasury and Associate Editor of the Wall Street Journal. Roberts’ How the Economy Was Lost is now available from CounterPunch in electronic format.

More articles by:

Paul Craig Roberts is a former Assistant Secretary of the US Treasury and Associate Editor of the Wall Street Journal. Roberts’ How the Economy Was Lost is now available from CounterPunch in electronic format. His latest book is The Neoconservative Threat to World Order.

bernie-the-sandernistas-cover-344x550
January 23, 2020
Richard Moser
Ten Best Messages for Waging Peace
Thomas S. Harrington
The Catalan Crisis Threatens to Reopen a Debate That the EU’s Power Brokers Thought They Had Long Ago Quashed
Martha Rosenberg
SARS-Like Disease Could Become a Pandemic
Ron Jacobs
A Cesspool of Constitutional Nonsense-Impeachment in the Senate
Gaither Stewart
One Hundred Years: the Proletariat in Search of a Class
Nick Pemberton
Final Phallus
Russell Mokhiber
PBS Public Editor and the Disease of Contempt
Thomas M. Magstadt
The Myth of the Free Market
Mandy Smithberger
How the Military-Industrial Complex Gets Away With Murder in Contract After Contract
Russell Rickford
The Paradox of Populism
Howard Lisnoff
Action Research: Acquiescing to the Awful
George Ochenski
Comes Now the Winter of Our Discontent
Binoy Kampmark
Diminishing Returns: Calculated Misery in Air Travel
Nick Licata
Do Republicans Have More to Lose Than Democrats in the Impeachment Trial?
Dean Baker
The Myth of China’s Population Crisis
John Kendall Hawkins
Steal This Whistle
January 22, 2020
Melvin Goodman
The Media and the Military Mindset
John Davis
The Real Megxit Deal
John O'Kane
The Obama Legacy: Reform Versus Revolution
Kenneth Surin
The “Evolving” Scotty Morrison From Marketing
Martin Billheimer
“The Cops & the Klan Go Hand in Hand!”
Thomas Knapp
Executive Power: Alan Dershowitz’s Imagination Versus the Constitution
Jacob G. Hornberger
Egypt and the Destruction of Civil Liberties in America
Justin Podur
The People of Colombia are Cracking the Walls of War and Authoritarianism
Kelsey Hawkins-Johnson
Our Final Decade to Get Climate Policy Right
Jonah Raskin
Terence Hallinan: Fighter for the People and for the Legalization of Marijuana 
Colin Todhunter
Challenging the Flawed Premise Behind Pushing GMOs into Indian Agriculture
January 21, 2020
Sheldon Richman
Warmonger Cotton Accuses Antiwar Think Tank of Anti-Semitism
John Feffer
Trump Makes Space Great Again
Patrick Cockburn
The US and Iran’s Perpetual Almost-War is Unsustainable – and Will End Badly
James C. Nelson
Another Date That Will Live in Infamy: 10 Years After Citizens United
Robert Fisk
Iran Will be Changed Forever by Admitting Its Great Mistake, Unlike the West Which Ignores Its Own Misdeeds
Dean Baker
Did Shareholders’ Benefit by Paying Boeing’s Fired CEO $62 Million?
Susan Roberts
The Demise of the Labour Party and the Future For UK Socialism
Binoy Kampmark
Janus-Faced on Climate Change: Microsoft’s Carbon Vision
David Levin
The Teamster Revolt Against the Hoffa Era
Victor Grossman
Defender and Spearheads
Russell Mokhiber
BS Public Editor and the Disease of Contempt
Tiffany Muller
Get the Money Out of Politics: 10 Years After Citizens United
Laura Flanders
Iowa is Not the Twitterverse
Graham Peebles
Education: Expanding Purpose
Elliot Sperber
Handball in Brooklyn 
January 20, 2020
Paul Street
Trump Showed Us Who He Was Before He Became President
Eric Mann
Martin Luther King and the Black Revolutionary Tradition
Ipek S. Burnett
MLK and the Ghost of an Untrue Dream
FacebookTwitterRedditEmail