EUROBLOWN: Why the Greeks should ignore the scaremongering, and dump the euro.

Yes, Greek citizens, this sight could be yours at no extra cost!

The twice-daily soap opera Euroblown is now pretty much into its stride as far as the format is concerned. Head Scriptwriter Wolfgang Schäuble briefs the cast on Mondays, after which the others learn their lines and dutifully do their best to make the wooden fantasy sound right.

“Greece leaving the eurozone is no big deal,” said Wolfie last Monday, “We are prepared now”.

And so…

Europe is “certainly more resilient” to a possible Greek exit than it was two years ago, when the bloc would have been “massively underprepared,” European Union Economic and Monetary commissioner Olli Rehn said Wednesday.

A Greek exit from the euro could be “technically” managed, European Central Bank Governing Council member Patrick Honohan assured regular listeners in a cameo role Friday.

But by Saturday morning, a new secret poll (which of course doesn’t exist) showed anti-Troika support growing in the light of this “see if we care” line. So Saturday afternoon, senior MP and generally respected figure Theodoros Pangalos was ordered to change tack, and steer south by south west at full-ahead both naked scarey shit:

“We will be in wild bankruptcy, out-of-control bankruptcy,” Theo averred. Would it be hysterically feral bankruptcy? He didn’t know. But it would be…..something not at all nice:

“The state will not be able to pay salaries and pensions. This is not recognised by the citizens. We have got until June before we run out of money….I am very much afraid of what is going to happen”.

Er, hang on Mr Panicalogos, you just told us: you’ll all have no money.

And no euro. No jackbooting pillocks telling you what to do. No creditors on your back, on account of having defaulted. A new currency worth a quarter as much…which will make exporting a breeze.

But you will have no less money than you have now, Theodoomoros my friend, because all the bloody money is in an escrow account ready for the bondholers – and it’s only a bit of toilet roll Draghi decided to sign after taking a dump a month ago anyway.

It’s a scam, chum. Maybe the first few months will be very tough. But Greece has lots of things to sell: olive oil, holidays, fruit, kebabs, Retsina, Taramasalata – all sorts of stuff that nobody does better. You can charge the German holidaymakers double as they’re doing so well; and whatever money you make from selling State assets will go to you, not the creditors.

The sky will still be there: an azure blue thing of beauty beaming down on a glistening Aegean full of fish…at the bottom of which is more oil and rare earths than China could mine in a century. And Turkey will be a threat. And so Israel will be an ally. And you know what all that means?

LOTS OF LOVELY PENTAGON AND WALL STREET MUNNNNEEEEE….only this time it won’t be loans. This time, they’ll be paying you for the rights to everything from gold to feta salad.

By the time the Fuherin in Berlin has finished bailing out Spain and France, Greece will be richer than Germany….and debt free. Think about it: You’ll be able to call Germans sausage-munching tramps, and the French cheese-eating surrender monkeys. Your car factories will employ German bankers at a cost of one souflaki and chips day-rate. You’ll be able to force Goldman Sachs to apologise for screwing you up and lying to Brussels. You could make Lloyd Blankfein wear an ill-fitting ginger wig for the rest of his life. You could spend endless hilarious hours forcing Mario Draghi to listen to puerile Italian tank gags.

All my readers in Hellenica…please, get this put out far and wide:


«Ζήτω η Ελεύθερη Ελλάδα! ‘

111 thoughts on “EUROBLOWN: Why the Greeks should ignore the scaremongering, and dump the euro.

  1. That Greece has produced some of the finest minds in the entire history of our planet is beyond question. We must all hope that they find the wherewithal to step away from this madness and strike another blow for civilisation.

  2. @JW: You probably missed it but a few weeks ago I predicted that the EZ would begin to unravel in May or by end of June. My reasoning was that all the elections will have happened by then and Greece’s lack of commitment to austerity would be apparent.

    I stand by that prediction and I’ll eat my hat if I’m wrong :-)

    Exactly *how* it will unravel remains an unknown, but unravel it will.

  3. You know what? I think the Greeks are doing just fine they way are. They’re *resisting* already. Jumping the € would just be a natural consequence after a while. The day of reckoning is near and all traitors will be unmasked.
    Hopefully other EZ countries will follow the same path. The EU is a technocratic and freedom-killing parasite. The EC will be dissolved and liquidated. Banks will be humbled or die. And nations will regain their dignity by slaying the hideous beast.

  4. One has to wonder whether the Berliners has come to realise that they will be eating Grecian humble pie before to long. If the US gets it’s hands on the riches under the Agean, which they will, sure as eggs are eggs.

  5. Greece will do whatever is in it’s best interests… it just has to push all the buttons to see who will come up with the best offer. True story… I am Greek-American and one time on a business trip to New York city I went with some Greek friends to a part of NY that was all Orthodox Jewish electronics and camera shops specializing in high end appliances and electrical products for 220 volt countries. So we walk into this bastion of retail splendor and we are jabbering away in Greek at the wonders around us when all of a sudden the shop keeper a portly older Hasidic with the face of a cherub yells out “Oh NO!, no Greeks, no way… nothing for you here!…: and he proceeds to point us to the door. Gobsmacked, I break into my English and I ask the man what the problem is and he goes on to convey that although “it is nothing personal” he doesn’t want to sell to Greeks because we haggle too much, take too much time, and in the end he ends up never getting a good price for his wares… he mutters something about preferring to wait for the Arabs… so I told him that is a horrible stereo type… to which he replied “Let me tell you something… the only people that can out Jew a Jew is a Greek!” Needless to say this last part brought all of us to our knees laughing for about 5 minutes… we left with some nice stuff… but we didn’t push him to bad on the price :)

  6. Were just going to take them for as much as we can before the Euro falls apart… which everyone knew was going to happen when this all started… got to get those reparations somehow.

  7. John at 12:05pm: I’ve done some negotiating in my time, and I swear the world champions are the Lebanese – they leave the seller naked.

  8. @BT: Your prediction is coming true by each passing event but, I suspect it will be something no one saw coming that will bring the whole monster down. Events are moving so quickly now, they are being thought through less and less, time is against them, one knee jerk reaction in panic, and boom, the biggest boom in history will be upon us.

  9. Nice story and yep, that’s how it’s gonna look like by the end of the day. All the pathos, the drama dissolved in some cathartic climax after which the Greeks will walk back to their age-old habits of market-haggling, strolling the streets and drinking, leaving other nations perplexed and flabbergasted and indebted for generations. I love the Greeks. Can’t say we weren’t warned!

  10. I hope Greece will leave the Euro, which she ought never to have joined in the first place. Unfortunately she has left it a bit late: already Mid May so that doesn’t leave much time for booking a holiday !! Greece will be such great value.

  11. john greeks,orinal greeks aren’t orthodox jewish…are orthodox christians!!!
    Let’s see untill the day end,how the meetings will go.But it’s obviously that we are going for new election,which means exit from euro!!

  12. @kfc: I’ve just come in and Sky News are reporting that a Unity Govt has been agreed that excludes the Syriza Party. WTF! They’re the 2nd largest party! Has the Troika bought ND & Pasok?

  13. But look out here comes trouble: High earners say au revoir to France
    As summer draws near, thoughts of the well-heeled Parisian turn to Le Grand Départ. And the Frogs are all hopping over here

  14. Which would probably be a good thing. If Greece’s oil wealth came under the control of fascist EU apparatchiks, it might not find its way onto the oil markets and Britain would be blackmailed to join the Euro.

  15. Pingback: John Ward – Euroblown : Why The Greeks Should Ignore The Scaremongering, And Dump The Euro – 13 May 2012 | Lucas 2012 Infos

  16. Everyone I have ever spoke to, who have visited Greece ,said they had loved Greece and that the Greeks were so friendly. I have never heard a bad word said.

    I say, all power to the Greek people and I hope they stuff the EU and they live long and prosper.

    I hope we can all shake off the scum and live prosperous lives.

  17. Leaving the euro would be good… if it was organized and prepared…. but there are few things that will be make it a nightmare.

    a) EU Will definitely retaliate, Germans will be the first
    b) The like hood of a civil unrest is quite high..
    c) They are no printed drachmas (or whatever they call the new currency). The new Hard currency will be chickens and eggs

  18. I really do hope the Greeks tell the E U to get stuffed and exit the euro. However, the euro ‘elites’ are devious, slimey bastards and could STILL come up with something to keep the whole show on the road. Never trust a europrat when it comes to protecting his power, perks and privileges.

  19. My guess is that the Greeks will probably cave in.

    In Ireland, the government’s threat that otherwise the state might run of money not in a few weeks, but in a few years, has been enough to swing support behind a “yes” in the referendum on Merkel’s “fiscal pact”:

    Nobody really believes that it will do any good, and many people believe that it will actually be harmful; but Merkel had the ESM treaty reopened to insert a “blackmail clause” so that failure to ratify her “fiscal pact” disqualifies a country from getting any ESM bailout should it be needed.

    If it proves impossible to put together a Greek coalition government which will bow to Germany’s demands, and there is another election, then this message will be hammered home to the Greeks again and again during the campaign and they may well capitulate and vote in such a coalition.

    That wouldn’t rule out Greece eventually leaving the euro, but it would be deferred for some time.

  20. Exiting the eurozone would still allow Greece to use Euros, and this could be to Greece’s advantage, since re-introducing the Drachma could otherwise re-confuse a clean sheet

  21. “Would it be hysterically feral bankruptcy?”
    I love your writing John it makes reading this depressing news tolerable. My only suggestion is that you might insert “wallpaper eating” between feral and bankruptcy.

  22. “On the other hand, Andorra, Kosovo, Montenegro, Monaco, San Marino, and the Vatican City are not EU members but do officially use the euro as their currencies.”

  23. In a previous comment I referred to Greek politicians as “clowns”. I’d just like to make it clear that I wasn’t specifically targetting Greek Politicians and would apply the same term or worse to most of the breed from any nation.

  24. Let’s see what happens when Hollande gets his feet under the table. France may decide to use its self-donated privilege as former leader and architect of the EU to take the bloc in a quite different direction. Dr Merkel will not be where she is for ever. Sorry Geli!

  25. Presumably tourism is Greece’s greatest current asset?

    The New Drachma will induce growth and business recovery on an unprecedented scale…

    Go forth Greece and screw the Fuhrein rotten, she’s begging it.

  26. @James E: I’m not sure where your quote came from, but I was wanting @Per Kurowski to explain his suggestion. He’s made it twice now but is too busy to respond to queries people raise. Personally, I can’t see where the economic benefits are for Greece in leaving the EZ but retaining the Euro currency. Greece’s problem is one of sovereign debt and a banking system that’s falling apart. But I could be wrong, hence my questions to @PK.

  27. Noted on your comments below… quote is from Eurozone MSM website. Greece’s advantage and only hand that can be played is to exploit its natural reserves… Even if they dont build pipelines to pump gas/oil etc to EU they can just subsidise energy costs (even say free energy costs as selling point ) and watch a flux of factories/manufactoring move to it…

  28. No good choices. So what is the best end game for Greece?

    Negotiate as much money out of the EU in the short term – print up some notes and put the plan in place. Then press the red button.

    Bit like the Germans really…except they seem to be the ones with their wallets on the line.

    Anyone know if other countries have contingency plans in place?

  29. “What about”, indeed. There are as many permutations of how Greece might exit the EZ or Euro or not as there are people talking about it. Most permutations have some common threads. That ZH article explains one of the permutations. Two actually.

  30. Its natural resources are its best current asset… with energy costs about to go even higher its sitting on a bounty of it

  31. Pingback: EUROBLOWN: Why the Greeks should ignore the scaremongering, and dump the euro. | Machholz's Blog

  32. Pingback: Euroblown: Why the Greeks Should Ignore the Scaremongering and Dump the Euro

  33. @James E: I agree that if Greece’s fossil fuel & mineral resources are proven in the quantities being speculated, it will solve all of its financial problems in the medium term. But these have not yet been confirmed I believe.
    So it’s a wait and see game, which might explain why Greek elites are prevaricating with the EU/Troika…hoping they come up trumps and can then walk away from the EZ. In this case, the problem Greek people will have is how to stop the likes of Venalzelos from skimming the revenues!

    There’s a coupla recent charts here showing the various pipelines in/around Greece:

  34. Speaking of Greece…

    If Russia attacked Turkey from behind…
    Do you think Greece would help?

    I know, I’m horrible. But I just love that old tired joke.

    Happy Mother’s day to all you mothers.

  35. Meanwhile Greece, GDP/capita $27,600 per year, about the same as New Zealand (the latter not noted for utter poverty), continues to draw nice juicy subsidies from the EU. Whenever interviewed all concerned in Greece (ditto Spain, Portugal etc) always emphasize their absolute commitment to the Euro and desire to stay in the EZ. I suppose if the UK received anything at all on a net basis, we would also be supporters of the EZ. I have never seen anyone comment on the CAP/RDF amounts that Greece has received and spent on such worthy projects as marinas but the matter is not that insignificant when your locally grown economy is in a siding against the buffers.

  36. Hey, no offense taken. Cannot be taken, as this is the absolute truth.
    This especially applies to the two ruling parties for the past 30 years (ND, PASOK). The smaller parties that are present if the parliament…incompetent, Don Quihotic, wannabie ruling parties at all costs…that’s what they are.

  37. Really confusing news day here in Greece, yes/no/maybe we have a coalition. Kammenos gave a list of seven demands to join in, inc repeal of the ministerial immunity law! Benny will stomp on that one. Aleka Papariga gave a statement on TV, I always thought she was mad, now I’m sure. Poor old Papoulias just looks worn out by it all. Greek TV used the word “ναυάγιο” for breakdown in negotiations, same word also means “shipwreck”……
    Never mind, I’ve just seen the BBC weather forecast for the UK. Another hot and sunny day here tomorrow!

  38. It’s looking like new elections in Greece, so Tsipras ,( who looks like the new winner) better keep his back very close to the wall or he may have a Strauss – Kahn situation, or something very much worse happen to him.
    You cannot trust the europrats!

  39. Pingback: EUROBLOWN: Mengapa orang-orang Yunani harus mengabaikan scaremongering, dan dump euro. « My Way

  40. Sadly, I don;t think a 25% devaluation is what is in the cards for Greece after a reissuance of Drachma. I suspect they will hyperinflate the minute they come off the Printing Press.

    Insofar as trading what they got to support themselves, I don’t know how many barrels of Olives it takes to buy a barrel of Oil, but I do know an agrarian economy cannot earn enough Forex that will buy Oil, so the Greeks will have to go Carz Free, which will not be a very easy transition.

    Regardless of this problem, staying on the Euro is out of da question.

    BTW John, glad to have you aboard over on the Diner :)



  42. The thought of Greece reduced to whistling either ’Ode to Joy’ or ’Battle Hymn of the Republic’ reminiscent of the ferry scene in The Outlaw Josey Wales isn’t particularly pleasant, but it’s made even more unattractive knowing that in the background, the double tongues are sorting out their spoils

  43. @ Μαιρη Χρυσοσπαθη. Yes, l’m intrigued by the fact that the people in this chat are well aware of the EZ and the games they’re playing behind our backs and weren’t taken in by the propaganda along the lines of “Oooh, the lazy Greeks who drink frappe and don’t work want money money money” Thanks to all of you who know a bit more about Greece than that.

  44. At least if the nouveau-riche cheese-monkeys come over here, they might demand better quality apparel in the shops……….

  45. The point about Greece leaving the Euro is so it can renege on its debts, or force its creditors to take cheap drachmas in return. They do not want to have the worst of all worlds in which they stop getting bailouts, but still owe the full debts in euros, shirley?

  46. The thought of Greece reduced to whistling either ’Ode to Joy’ or ’Battle Hymn of the Republic’

    I don’t get it! Care to explain?
    What exactly are people (in the U.K.?) saying about us?
    Thanx :)

  47. Whatever the outcome for Greece, I wish you well and hope you make the right decision and don’t get screwed ‘every which way’….

  48. The people of Ireland are watching closely as well. You all have my best wishes, and a little envy. By the time you guys are through the worst of default and emerging stronger, our worthless politicians will still be wringing their hands and cowing to the EU/banks.

    But post default, you have my word that I will support you by holidaying in Greece every year I can. I hear it’s a wonderful nation of excellent people (Politicians notwithstanding!)

  49. You’d need to have seen the film to appreciate the analogy AthenianGal, it’s not a criticism of Greece if it left you with that impression.

    Does it matter what people outside of Greece think or say?

  50. When Greek politician’s fortitude and balls matches that of the Greek people, that’s the day when this happens.

    However, I genuinely believe the Greek politicians are the most despicable, cowardly and corrupt law makers in the entire EZ, and as an Irishman (Cowen/Lenihan/Kenny et al) that’s really saying something. Methinks we’ll have to wait a bit yet.

  51. Pingback: Nearing the exit | Klein Verzet

  52. @ Chris
    All my love to you and your people, Chris!!! And no need to be envious: everybody knows you can out- rebel us at the blink of an eye!!!

    O.K., now I’m even more curious!!! Pleaseee don’t leave me hanging! If I’m whistling a tune, I sure wanna know what it’s about!!!
    P.S. I wasn’t offended, coz, like I said: I have absolutely no clue what you’re talking about!!!
    P.S.S. Do I care about what people outside Greece say about us? Well, not anymore! I thought I’ve heard/read it all…. And then your comment came up! Please don’t make me beg!!!

  53. Dear readers, as I have told you some time ago….the Greeks did organize pretty much on all possible future matters could happened. So simply, don’t worry ’bout us….start worring ’bout yourself and your politicians. What ever will happen to my country, will be a hugh lesson to everyone and showing the path. The path to freedom and how in an democratic way, freedom can be stricked back!! You might probably need to bleed your own feet as well as we are ready to do, to climb back to the top of the hill. Day by day, hour by hour the Greeks are starting to understand what exactly has happened and they will be back in the frontpages but not in a negative point of view anymore. Start talking to each other by remembering what politics is about and start explaining to each other what the markets do and who are their ”parrots”!!

  54. Agree… @kouros whats the general feel as to what steps are to be taken next? Not in regards to Elections new govt etc more as to long term rebuilding. P.S Let us know when the guilotene will be laid out in front of syntagma as we would like to see the cleanout via a bloodbath of the polititians streamed live…

  55. Hi James! Mind if I butt in?
    Here’s the plan as far as rebuilding goes:
    1) Turn tourism into a round-the-year industry. Right now we’re only receiving people in the summer months. Last year we had 19 million people coming. We could triple that figure
    2) Direct people to modern agriculture, so that noone can threaten us with starvation ever again. (We’re currently importing 85% of our food. Merkel has played haevily on that card)
    3) Build the infrastructure necessary to turn the country into a transportation centre between Europe and Asia.
    4) Extract our oil, gas, gold and other natural resources
    5)While we are the biggest shipping power in the world, half our ships (owned by the London Greeks) are not under the greek flag, coz it costs too much. So, we’ll give them tax incentives to come under our flag, and also work towards building and repairing ship (currently that happens in countries in Asia, which is not good gor our trade balance)
    6) Eliminate bureaucracy so that young highly educated people will turn to high-tech buissiness and innovation. It’s such a pity that our consumption-based economy can’t absorb it’s most brilliant…

    That’s for starters. We’re all thinking business here. We are like “how do I place myself in this mess, and what steps do I have to take so we can all come out winning?”
    If only the recession and the lack of liquidity weren’t eating us away…
    Rest assured, though, we’re gonna make it! You know why?
    Coz WE’RE F****NG PISSED!!!

  56. The Greeks aren’t Irish, and the Troika has already caved and offered modifications to the program. Expect the Greeks to double down and seek more.

  57. Good idea’s AthenianGal – Greece can do it and be more independant than rely on the EU and German money – view them not as masters with the purse strings but as any other customer

  58. Oh, I neglected to mention:
    6) producing and exporting alternative forms of energy, namely wind and solar energy, and
    7) waste bio-management

  59. Not my ideas, shafted. It’s all included in what we call our “national rebuilding plan”.

    As for the Germans, we don’t view them neither as masters nor as purses.
    We view them as the cruel, vindictive, sadistic bullies that they are, and we wish to forget they ever happened to us and get on with our lives.

  60. Hmm , will Democratic Left cave in ? Big meeting Monday with the Greek President , New Democracy , Democratic Left and Pasok – between the three parties , they have the numbers to form a Coalition government. but without SYRIZA , Democratic Left has no political cover and all three parties will take the blame for forcing more austerity onto the greek people , for continuing the bailout memorandum tyranny. so , how bad do the greek pols want to avoid the June elections ? Last gasp meeting set forth in ekathimerini piece below….

  61. Yeah… the problem is those “reparations” through misens et Co. ended in some obscure accounts in Caymanian fraudster heavens…

  62. Hope you are proven right but… not everything has been so bright and happy. Despite all the praise of Greek heroism or spirit, Greece has paid it’s pathos with a lot of blood and humiliation and tragedy. I can only hope we won’t be fooled the same this time. For now the true Greeks are the Icelanders.

  63. Do you really believe that if Greece exits Euro the Brussels technocrats will retaliate? And HOW??? Just asking to take precautions!

  64. @AthenianGal: That looks like a good wish list for starters. I’m puzzled how it will be achieved given that Greece leans strongly towards the Left and – judging from the elections – wants to turn even further Left.

    Left wing ideology is not conducive to creating a thriving and prosperous economy. Will efforts to sort out the mess along the lines you describe not be choked by bureaucracy and corruption?

  65. Troika (Germans) demands more sadistic austerity:

    “The country’s Electricity Market Operator (ΗΕΜΟ) needs an urgent infusion of a 350-million-euro loan from the Loans and Deposits Fund in order to pay mainly foreign fuel suppliers. Approval of the loan has been delayed by the country’s international creditors, who demand commitments that electricity tariffs be raised as of July 2012 and that guaranteed prices for power produced from renewable sources be reduced.”

  66. @fredw: I mentioned this possibility in another thread. If it happens, it will be a naked display of the contempt that many Greek politicians have for the Greek people. I guess that Venalzelos is behind this plot…

    If it happens, it will not solve anything except to kick the can further down the road. Perhaps that’s what they want…

  67. This issue has been debated in the UK if we left the EU. The obvious act of spite that Brussels mght show is to attempt to place barriers in the way of free trade.

  68. Thank you!!!!

    I would like to emphasise that vindictive retaliation lies at the heart of BeNeLux and German politics as well as it is profoundly saturated to all of the societal levels. A remnant of what??? Greek nature has nothing to do with retaliation. Love and pathos is our guide….
    Brussels technocrats must be taught respect, ethos, and lack-of-envy….. Love you guys!!!!

  69. @shaftedagain May 14, 2012 at 12:08 am

    Thank you, I think I get the point….! :) What really annoys me is that multinational companies that sell milk in the Greek market they use 100% German milk… It is outrageous!!!

    The other day I met a cleaning lady who was on a 4 hour contract per day and her salary was 250 euros monthly!!!!!!!!!!!!!!!!!!

    Ohh btw: Yes, there is a connection Rwanda is an x-colony of Germany….

  70. B.t , what I find interesting is that they are going to try to really put the pressure on Democratic Left to fold – despite SYRIZA maintaining its pre and post first round position that it will not be part of a pro – bailout government. While Democratic Left has said a variation on the same position , I think their position has much more wiggle room , otherwise why even have meeting on monday. So , we shall see what Democratic Left does with the full court press on them !

  71. Exactly *how* it will unravel remains an unknown, but unravel it will.

    My prediction. : Germany will realize that they will end up with their own financial Armageddon trying to pay for the rest of the Euro zones economies. They will exit the Euro common currency blaming every one else for for them having to do so (watch the invective against the U.K.)
    Man the lifeboats – its every man for himself.

    Russia will move in on Germany with funds. There is already a pipeline from Russia to Greece for the prospective oil allegedly lurking underneath Greek waters to flow.

  72. Having the misfortune of being a greek and knowing the situation from inside let me tell you that greek politicians are much worse than what you are imagining and being in power for so many year have corrupted Greece to the core .The country doesn’t function properly in any form or section and very few can see it because every crooked , corrupt , twisted irrational , amoral , meritless , sorry donkey way has been applied for too long and we know no other way .

  73. @Atheniangal, kouros rt al
    In the end one thing that Greeks don’t have ‘thank God’ is the need to control other nations affairs
    Greeks have many ills but they are not leaches.
    Rest sure that all this pacification & mental lethargy that north EZ countries have ; will end up in tears. Read the book ‘the starfish & the spider organisations’. When all is in control spider is the easy choice but when the going gets tough starfish it is.
    My best wishes to the Greeks to lead & show how human oriented societies can lead to better quality lifes

  74. Maybe in order for Greece to go forward the existing political system has to come down , completely , be demolished . Unfortunately the greek people are standing inside this rotten structure and i dont know how it will happen. I fear a lot .

  75. The CAP (Common Agricultural Policy) of the EU has limits on how much milk can Greece produce, and it is not enough to cover domestic demand. Germany (and Netherlands) have surplus so Greece is FORCED to import milk from them.

    This is how crazy EU policies are…

  76. Having known a few Greek politicians, including the despicable Andreas Papandreou, I can but agree with you.

  77. You think you got problems?
    The political system has to come down not only in Greece, Yana.

    The people in UK voted a dog as its biggest talent. We should be executing those who brought us to such a state.

  78. Ok AthenianGal, it’s not normally the done thing, almost like having to explain what the punchline is to a joke, but as there’s nothing amusing about what’s happening to you guys at the moment and to all of us eventually, I’m happy to explain the thought process behind the analogy.

    The scene I was referring to was one where the ferry operator, approaching halfway and faced with Confederate soldiers on one side and Yankee soldiers on the other, is torn between singing Dixie in support of the South or Battle Hymn of the Republic in support of the North knowing that his life depended on not upsetting one or the other even though either song would.

    Ode to Joy is the adopted anthem of the European Union which seemed the obvious substitute for Dixie in this analogy, retaining the Yankee anthem to reflect the choice outlined by John Ward in his article above, so Europe or America, Ode to Joy or Battle Hymn of the Republic.

    I changed singing to whistling to reflect an old and previously popular saying “you can whistle for it” meaning you’re not going likely to get help from either side as they’re only really interested in themselves, pretty much along the lines that the Indian Nations discovered, leading me to use the double tongue reference that the Commanche Chief Ten Bears used when he spoke about the lies told to the Indian people by the Washington Government.

    All rather convoluted but that’s what a life watching spaghetti westerns does to you ;-)

  79. BT , for Brussels can kicking became their maxim , but wondering what will happen to greece , there is an old saying that ” you can avert the suicide of a man but never the suicide of a nation “.

  80. So? You merely retaliate in kind. Same barriers, enshrined in legislation that is word for word, letter for letter the same as the Euronutz impose on us / Greece / whoever is the villain de jour. They can hardy complain about having their own tactics returned to them measure for measure. Sure, in the short term it will create a nasty trade war, but… they need us to buy their crap just as much as we need them to buy ours. Sense will prevail in the end, provided the trade war doesn’t end up as a real war in the meantime.

    In fact, I think it’s time the UK, Greece, Ireland, et al had a quiet little meeting somewhere and coordinated a strategy for kicking Brussels (and it’s cheering section) back into the early 20th century ‘central control’ ‘epic fail’ void it should have stayed in. Not completely, maybe, to start with. It could be that there are things that are better decided on a Europe wide scale – human rights, perhaps. But, in general, organisation needs to be ruthlessly cut back to the scales upon which it can function effectively. Personally, I’d argue that county council level is about right at the moment, for the majority of government functions, but with the clear and stated aim in mind of reducing it into ever smaller organisational units over time.

    Even then, there may still be things that are better if worked on a Europe wide, maybe even global, scale. We’d have to find that out as we went along. But, for damned sure, the current path of globalism and ever-increasing central control isn’t working – or not for the common man, anyway. The elite are no doubt loving it. And that’s the problem.

  81. @Bone Idle: Very astute comments. It certainly looks like Germany is playing the role of ‘victim’ in all this. I see today in the Telegraph that Baubles has already worked out how Britain will be pressured into contributing towards the EZ mess.

  82. @ftw: That’s right. When one country uses the more stable currency of another (eg: Argentina & Brazil have used the USD in the past) it’s in order to bring stability to their economies and reduce hyperinflation etc.

    But this is not Greece’s problem, so I dunno what @PK is referring to. Maybe he does.

  83. @fredw/@yana:
    It’ll be interestng to see how the Greek people take a stitch-up that may be announced later today after extended talks. The idea that Pasok & ND, supported by a couple of tiny parties that excludes Syriza could work together and run an effective government, boggles the mind! But the trappings of power can be persuasive…

  84. @Hellene Taxpayer: When trying to understand what drives Brussels, one only has to look at the head honcho’s personal history (Barroso): he’s an ex-Maoist, ie communist. Once a commie, always a commie!

    @Woodgnome: I totally agree with you on this. I’ve been saying for some time that the future is ‘small units’ of economic activity, each in control of their patch and working for local prosperity. The idea of ‘global everything’ is a relic of the past and only remains attractive to power-crazed elites, such as we have in Brussels and the EU. What they cannot face is that the only thing really needed is free trade between nations.

  85. Appears they are now kicking the can against the wall at the end of the road……. Can’t say I am to unhappy to feel the end is in sight !

  86. Please stop right now all these rumours about Greece exiting the Euro and.or euro collapsing. It might happen and then i will lose all 25 Euros in my bank account !

  87. Pingback: GREECE ON THE BRINK: Chaos and fakery as the final act begins to unfold. | A diary of deception and distortion

  88. Pingback: John Ward – Greece On The Brink : Chaos And Fakery As The Final Acts Begin To Unfold – 16 May 2012 | Lucas 2012 Infos

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