And the Nonsense Economics continues. The troika in Greece. More cuts. More taxes now. In other words the troika aided and abetted by the brilliant Samaras who has personally guaranteed to repay all the debt (!) are proving that Einstein’s definition of stupidity is quite right. Doing the same thing again only thinking it will have a different result this time.

Meanwhile Spaniards are, apparently, emigrating in droves to Argentina. Now, given that here in Greece at any rate, and elsewhere, we are constantly being told what a disaster Argentina is and how things are still terrible there, then what does this mean? That things are really bad in Argentina but so much worse in Spain? Or, maybe, that things are not so bad in Argentina.

Whichever it is, the common factor of both conclusions is that things in Europe are awful. And set to go from bad to worse the way things are. Recession is turning into Depression (in Greece we are already there) and Depression is engendering Despair. Now this last rather suits the Europowers that be, because it leads to inertia. Though for how long, remains to be seen.

Spain and Italy are close to panic because under the present German iron boot of Nonsense Economics, they will be forced to plunge their economies into  depression in order to activate the Draghi bond buying system. Which rather invalidates the whole object of the exercise, but still. It is not for nothing that Professor Yanis Varoufakis has aptly said, of the causes of the global crisis that “…Europe [is] at the forefront of organized idiocy.”

Now Mario Monti is meeting the leaders of the stricken countries today. Not all together but one by one. It is certainly a long overdue reaction. That the stricken states of the periphery, the ones already bound and gagged and sentenced to destitution like Ireland and Greece, and the ones destined for the chopping block, Spain and Italy, should indeed get together and try and build up some defence, some resistance to The Frau’s destructive juggernaut.

Why am I not so optimistic? Well, Samaras has pledged his body and soul (and that of Greece too which he was not entitled to do) to The Frau and her bidding. His sole purpose in life is to become teacher’s pet, suck up to The Frau and agree to every aspect of her Nonsense Economics currently ruining Greece (and not only her economy), in order to remain Prime Minister for as long as he can.

Will he see any sense if Monti does in fact propose some? Or, as is more likely, reverting to type, will he not go running to teacher to tell on the bad boys of the class instead, in the hope that he will get a pat on the head? Never mind if this pat on the head comes with even more destructive strings attached.

I have to agree with many that this policy is dangerously close to treason. With all that that entails.

Photograph from the Guardian.

Is he being led to the firing squad? Perhaps he should think about that possibility. It might just shock some sense into him.