Well hey ho and on it goes. After the inexplicable burst of euphoria on the markets, the rise in the value of the Euro, the conviction that Draghi* had done the trick with three words and no action, reality has smashed the rosy stoned image of what is really going on.
Not one of the serious problems and inherent imbalances of the Eurozone that are the root causes of the crises has been addressed. The banking union has been put on hold. The imbalances between the periphery and the centre are not even addressed. The Greek problem, which remains potentially explosive has been put on the back burner lest little Angie does not get her toy back.
But sweeping the rubbish under the carpet cannot work forever. Today the markets seem to have started waking up to the facts. The main one being that all this exclusive insistence on balancing budgets and slashing wages (alone) to achieve competitiveness has only resulted in one thing: the deepening and deterioration of the Eurocrisis.
Rampant, unacceptable and potentially destabilising unemployment. Recession expanding throughout Europe. Debt rising as of course it is bound to under recessionary conditions and the like.
Greeks are being threatened with even more debilitating taxation which will only put the final nail in the coffin for the economy and may well lead to dangerous social unrest. Strikes everywhere from the farmers, to the seamen and the transport workers.
People who were complacent up to now, or who felt we might pull through, or preferred to look the other way until it was all over, are beginning to feel fear. The destructive, destabilising fear that that courageous man warned against. “You have nothing to fear but fear itself.” said Roosevelt.
Today’s midgets running the show do the exact opposite (as you would expect of them). They try to scare the wits out of the people to pass their idiotic, ineffective and indeed destructive policies.
And today we are told, the Minister was sent a bullet as a threat. This being Greece, the most likely explanation was not that he was being threatened by anyone, but simply another propaganda trick to arouse sympathy for him as he wields the hatchet destroying everything the Greeks worked hard to achieve. (While leaving in place the stuff nobody worked for but acquired by unfair to illegal means).
Quite frankly, I do not think anyone will give a brass farthing for this threat. The last thing it will arouse is sympathy. Possibly because the threat is hardly credible. Possibly because no one cares one way or another given the catastrophe looming ahead. After the German elections.
The Frau really should invite Samaras and Stournaras to her victory celebrations. It really will be mean minded of her if she does not.
*“Whatever it takes”