Politics Magazine

The Greek Crisis

Posted on the 08 July 2015 by Calvinthedog

Here. From Ian Welsh’s great site:

Syriza needs to leave the Euro. They are not going to get a good deal, or even a mediocre deal from Europe. They will be better off leaving the Euro. If they do so, they should simply repudiate all debts.

Yes, all of them. Once they leave the Euro, Europe and the neoliberal order will go all out to crush them. It does not matter what they do, they will be target number one.

They should then cut a deal with Russia for oil and a pipeline, and align solidly with Russia and China, asking for aid from those two countries.

They should cease any attempts to stop refugees from flooding out of Greece into the rest of Europe. Heck, put them on buses and ship them to the border.

They should nationalize the distribution of food grown in Greece. Greece grows enough food: just start delivering it to every household. Saddam did this effectively, Greece can too.

That takes care of oil and food (Greece has plenty of refinery capacity.)

Medicine is the next issue: Greece will have to arrange to get the meds it needs thru Russia and China.

There are other details, but mainly Greece should do everything it can short of leaving the EU (not the Euro, the EU) or going to war to make Europe’s life miserable. Why? Because then they have something to negotiate with.

I have not written much about the Greek mess, but this is how I feel about it.

Either negotiate a new deal or get out. A new deal would be knocking $50-60 billion of the Greek debt. If they could knock that much off the debt, the debt would be a lot more payable. Sure, it’s a haircut for the French and Greek banksters, but so what. The banksters got themselves into this mess by giving Greeks very low interest loans with little or no oversight or checking to see if they would be able to pay it back. Sort of like the real estate mess in the US. The banksters can go straight to Hell if you ask me.


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