Okay, so now the newfangled scheme to deal with the Greek question is cranking into operation. We’re all set for the exchange of bonds, that is the default by another name so the CDS won’t be activated, the new 130 billion Euro loan to Greece to pay back her debt and all that. But make no mistake you slimy little good for nothings! This good money is ONLY for debt repayment and anyway we will keep bullying you an threatening you at every juncture.

Now let us pause for thought here. In his usual convivial manner the German Minister of Finances again gave Greece dire warning that tranches of the loan will not be paid out unless Greece has met her obligations. This would be extremely sensible, except for two things. Firstly, the obligations Greece has signed up to under duress are impossible to meet, and of dubious legality at that too. Secondly, when the money from the loan is intended solely to go to debt repayment, then what has Greece to lose if the tranche is not approved? It’s the banks that won’t get there money.

Ok. If that happens, however, we go bankrupt. Yes well the way things have been planned and agreed we will go formally bankrupt anyway. Not in three months but five perhaps, or by the end of the year. In any case the Greek economy has been insolvent for quite a while now and all the rescue packages have been doing is whipping the proverbial dead horse.

We have been teetering on the brink of disaster for so long now, submitted to threats, told we shall die of hunger in droves if we don’t ruin our economy completely at Germany’s behest, that when the crash does come there will be a great sense of relief throughout the country. When your unemployment rate has risen to something like 20% and is set to rise, when exorbitant taxation and slashes in salaries and wages have made it impossible to make ends meet however hard you try, then really, what do you have to lose? Nothing but your chains?