Unfortunately the German Juggernaut has prevailed once again. All the pantomime of long hours of discussions has ended up with what Germany wants. Quite simply put, to kick that wretched proverbial can down the road till the German elections. And Christine Lagarde has remained smothered behind her Hermes Scarves pretending to be calling for a Real Fix, and coming up with… yet another Nonsense Economics raspberry.
And hey ho we are back again to what Prof. Loukas Tsoukalis has described as theological discussions. Once again, for all these wise men and women of the IMF and the Eurozone to have finally settled after long hours of bickering that they will, through their agreements, achieve a debt/GDP ratios of 124% by 2020, it means they know, or can safely calculate what Greek GDP will be in 2020.
Which of course is arrant nonsense, or metaphysics perhaps. Think of how all their forecasts seem to be revised every quarter, and yet, they are confident enough to predict Greek GDP by 2020, and base their ‘fix’ on that! This is no longer idiocy. It is criminal. Because we are back to square one. If you want us to keep giving you more loans that will increase your debt pile, to be used solely to repay prior loans but NOT definitely NOT to be used for the economy, you must carry out the memorandum to a tee!
Now they may look pretty dumb, from the formidable Maria Fekter who changes her opinion like some people change their shirts, to the weasely, vengeful Schauble, even our friend the Walrus looking Juncker, not to mention Olli Rhen, who should have been fired from his job long ago, for complete and utter incompetence, but every single one of that criminal gang knows very well that the programme imposed on Greece will only lead to one thing.
Complete and utter destruction of the Greek economy at best, revolution, civil war and a fascist state at worst.
So why are they doing this? There is no way they are protecting their investment this way. So why? The dithering, the fumbling, the nonsense spewed out as supposed calculations. Not to mention the fact that there is no reason at all why 120% or 124% should be considered a “sustainable” debt figure. Because it isn’t.
A dark plan? An evil conspiracy? A sadistic streak?
No. Not even any of the above. (Except perhaps the sadistic streak). These people have been caught up in the mayhem of a collapsing financial capitalist disaster. Their only priority is to keep the banks in the manner to which they have become accustomed. Because the Banks are their sponsors, both of the political parties as of the so called politicians.
So, since the only thing that matters is for Angela Merkel and Wofgang Schauble to remain in power to serve this regime, at any cost, this aberration of not even a quick fix was agreed upon. The German boot remains firmly on the Greek wind pipe. Greece will be kept, (it is hoped) in this comatose state till the German Elections are safely over and The Frau is still at the helm of her perennially destructive juggernaut.
So. Mission accomplished! The idiotic Greek government are worse than whores or drug addicts. Give ’em their fix (even if it is no fix at all!) and they will sell their own mothers. Which is, in effect, precisely what they are doing. And quite happily.
However, Antonis Samaras’ delight in his illusion that he has achieved anything at all other than the acceleration of his country’s complete collapse into penury and violence eventually, will, I believe, be very short lived.