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
November 18, 2019
Olivia Arigho-Stiles
Protestors Massacred in Post-Coup Bolivia
Ashley Smith
The Eighteenth Brumaire of Macho Camacho: Jeffery R. Webber and Forrest Hylton on the Coup in Bolivia
Robert Fisk
Michael Lynk’s UN Report on Israeli Settlements Speaks the Truth, But the World Refuses to Listen
Ron Jacobs
Stefanik Stands By Her Man and Roger Stone Gets Convicted on All Counts: Impeachment Day Two
John Feffer
The Fall of the Berlin Wall, Shock Therapy and the Rise of Trump
Stephen Cooper
Another Death Penalty Horror: Stark Disparities in Media and Activist Attention
Bill Hatch
A New Silence
Gary Macfarlane
The Future Wilderness Under Trump: Recreation or Wreckreation?
Laura Flanders
#SayHerName, Impeachment, and a Hawk
Ralph Nader
The Most Impeachable President vs. The Most Hesitant Congress. What Are The Democrats Waiting For?
Robert Koehler
Celebrating Peace: A Work in Progress
Walter Clemens
American Oblivion
Weekend Edition
November 15, 2019
Friday - Sunday
Melvin Goodman
Meet Ukraine: America’s Newest “Strategic Ally”
Rob Urie
Wall Street and the Frankenstein Economy
Jeffrey St. Clair
Roaming Charges: Ukraine in the Membrane
Jonathan Steele
The OPCW and Douma: Chemical Weapons Watchdog Accused of Evidence-Tampering by Its Own Inspectors
Kathleen Wallace
A Gangster for Capitalism: Next Up, Bolivia
Andrew Levine
Get Trump First, But Then…
Thomas Knapp
Trump’s Democratic Critics Want it Both Ways on Biden, Clinton
Ipek S. Burnett
The United States Needs Citizens Like You, Dreamer
Michael Welton
Fundamentalism as Speechlessness
David Rosen
A Century of Prohibition
Nino Pagliccia
Morales: Bolivia Suffers an Assault on the Power of the People
Dave Lindorff
When an Elected Government Falls in South America, as in Bolivia, Look For a US Role
John Grant
Drones, Guns and Abject Heroes in America
Clark T. Scott
Bolivia and the Loud Silence
Manuel García, Jr.
The Truthiest Reality of Global Warming
Ramzy Baroud
A Lesson for the Palestinian Leadership: Real Reasons behind Israel’s Arrest and Release of Labadi, Mi’ri
Charles McKelvey
The USA “Defends” Its Blockade, and Cuba Responds
Louis Proyect
Noel Ignatiev: Remembering a Comrade and a Friend
John W. Whitehead
Casualties of War: Military Veterans Have Become America’s Walking Wounded
Patrick Bond
As Brazil’s ex-President Lula is Set Free and BRICS Leaders Summit, What Lessons From the Workers Party for Fighting Global Neoliberalism?
Alexandra Early
Labor Opponents of Single Payer Don’t  Speak For Low Wage Union Members
Pete Dolack
Resisting Misleading Narratives About Pacifica Radio
Edward Hunt
It’s Still Not Too Late for Rojava
Medea Benjamin - Nicolas J. S. Davies
Why Aren’t Americans Rising up Like the People of Chile and Lebanon?
Nicolas Lalaguna
Voting on the Future of Life on Earth
Jill Richardson
The EPA’s War on Science Continues
Lawrence Davidson
The Problem of Localized Ethics
Richard Hardigan
Europe’s Shameful Treatment of Refugees: Fire in Greek Camp Highlights Appalling Conditions
Judith Deutsch
Permanent War: the Drive to Emasculate
David Swanson
Why War Deaths Increase After Wars
Raouf Halaby
94 Well-Lived Years and the $27 Traffic Fine
Kollibri terre Sonnenblume
Coups-for-Green-Energy Added to Wars-For-Oil
Andrea Flynn
What Breast Cancer Taught Me About Health Care
FacebookTwitterRedditEmail