THE MORNING AFTER: ATHENS GAINS MORE TRUST, AND IS NO LONGER TRUSSED-UP

yanislagardeAlthough managing to dodge most Groupies as he left the eurogroup last night, Mr Varoufakis found one admirer especially persistent

A lot can happen in four months…or not

There’s a thoughtful and balanced piece about ‘trust’ at Ms Coppola’s blog this morning, at which I would point every financial journalist in the Western media.

Rather than starting from procedural ignorance and proprietor agenda, Coppola points out clearly that both sides have, at last, worn away some of the mutual distrust and dislike – and thus both sides have given ground. Syriza got the freedom of action it wanted, and the EU evaded a disaster.

For myself, I think the freedom for Greece to sort itself out within four months is nowhere near long enough. Unlike the existing debt-slavery, Greece does at least stand a chance of beating the maths now. But not in four months: come June, the picture will be unclear, and this will give Berlin and Frankfurt time to prepare for another bite at the cherry: alles klar, as the Germans say.

Related to this, whatever Bild Zeitung or the equally foul Daily Mail have to say on the subject, the real climbdown yesterday was by Germany: there will be bitterness in Berlin & Frankfurt today, and I remain
fairly sure the Germans will leave the euro before the Greeks will. They are the ones isolated now.

It is far from over; one can tell this from the fact Frances is not fat and she didn’t sing – at least, not this time. So it might do no harm to look a little more closely at the distrust/dislike dimension – specifically between Berlin and Athens. Here my comments might perhaps be a little more harsh than hers.

What we’ve been treated to this week is another tidal wave of German sanctimony. Being holier than thou has been Germany’s biggest growth industry since the eurozone was created. Unfortunately, when it comes to how the likes of Greece and Italy got in, the sanctimony begins to whiff a little.

The Germans claim that Greece ‘cheated’ to get in; they did. But the EU’s stats authority gave this the major blind eye treatment. Before losing the 1998 Election, Helmut Kohl had steered Germany to reunification and become a closet federalist keen to make the EU a second global force. He had little doubt who was going to wind up running it, and he has been proved right. And it was the stability pact in 1997 – in which Kohl, Merkel and Schäuble were personally involved along with the French – that began to ignore the consistency with which Greek numbers were nowhere near the 3%.

The Italian situation wasn’t a lot better. But SPD leader Gerhardt Schröder in 2005 engineered – again with the French – a ‘deal’ tor relax some criteria in Greece and Italy’s favour….in the latter case involving a murky side-letter promise about cheaper foodstuff exports from Italy to Germany, and fewer food exports to France.

Whether the CDUSPD Grand Alliance likes it or not, Berlin was complicit in the initial blind-eye, and then the corset-loosening: and after that, Goldman Sachs took over to make this a deeper cover-up…effectively, a system of lying to Brussels. No Goldman person has ever been prosecuted for this; but the result for Greece has been tragedy.

Right from its first day, the formation of the eurozone and its deficit rules was an anarchic, corrupt cock-pit of side-letters and secret deals. And so it has continued: France has never satisfied the deficit criteria (it too finds itself in the dock next month on charges rather more serious than those against Greece) and the first three States to break the Pact rules and get away with it were….Germany, France and Italy. My oh my.

Some of the Greek Ministers deeply complicit in the process – notably Evangelos ‘Mr Creosote’ Venizelos – are the very bandits Merkel and Schäuble chose in favour of George Papandreou after 2010. Hardly what one could call a principled decision.

My bottom-line point is this: Germany, France and probably many in the EC knew perfectly well that the figures had been massaged. Former ECB chief Isser has made this brutally clear on several occasions since. So the Greeks cheated to get in: but Germany knew about it, and since then its own deficits beyond the rules have gone unpunished. In such a context, their sanctimony should be rebranded hypocrisy. No change there, then.

Now let’s look at it the other way round and ask: why should Greece dislike the Germans? To which the answer would probably be “How long have you got?” I touched on this subject in last’s night’s vitriolic piece here, but a summation will suffice.

This is the second time in 74 years that a German government has inflicted an undeserved and bankrupting scorched-earth policy upon the Greeks. Between 1941 and 1945, 40,000 Athenians starved as a direct result of the Nazi invasion. Despite Berlin’s airy “this has been settled, it is no longer an issue” riff such classic insensitivity simply won’t wash: a war loan of 476 million Reichsmarks that the Bank of Greece was forced to make to the Nazis was never repaid.

In fact, none of the countries Germany decided to visit after 1938 got a penny in reparations – nice work if you can get it – but this is a matter of a recorded loan. Nevertheless, CDU luminary Sigmar Gabriel, Angela Merkel’s vice-chancellor, bluntly told the media last month there was “zero possibility” of it ever being paid. You see, the Germans demand that everyone else accepts responsibility for actions taken….up to but not including them.

The German capacity for self-pity is boundless, and its case for maltreatment groundless: Merkel gave ground yesterday because she wanted to avoid a colossal bill – in real, unbudgeted euros – to pay for Greek default. But there will be mutterings in Berlin, and plans for revenge in Frankfurt. I have little doubt that no stone will be left unturned in an attempt by the Draghis, Weidemanns, Merkels and Schäubles to guarantee failure during the four-month Syriza Blitzkrieg – like, for instance, persuading EU-owned banks in Greece to create runs on funds.

But during this interregnum, the French position will come under some degree of harsh lighting. France’s State budget deficit grew by 7% in 2014, and now stands audited for the year at a fraction under €86bn. The Maastricht deficit limit is 3%: France had aimed for 3.8%. It now stands not very commendably at 4.2%. Most experts expect a maximum 0.1% cut in that deficit during 2015.

That is bound to start a tussle between Berlin and Paris next month, when the French position comes up for “review”. Will we see a Francxit? No of course we won’t – one law for the tiddlers, another for the sharks – but the exchange will focus some minds on the core EU problem: the Germans are fanatical budget balancers, while the French prefer to balance along the tripwire of laissez-faire. In the background, meanwhile, stands Marine LePen, ever-ready to profit from French pride if Berlin gets heavy.

Italy too is close to default, and Podemos continues to make ground in Spain. Four months from now, the main countries on the line in the likelihood of a Greek default will face exactly the same problem again: how to escape from a high-security prison of their own making. My feeling is still that Syriza knows this, and is playing for time. My hunch is that Germany will think seriously about Bundesexit. And as for Mario in the ECB two-fingered towers of Frankfurt….he still dreams of a eurodollar.

Stay tuned.

Connected at The Slog: Disinformation is at last being found out….allegedly

62 thoughts on “THE MORNING AFTER: ATHENS GAINS MORE TRUST, AND IS NO LONGER TRUSSED-UP

  1. Again, I find strange that we all accept that Germany can leave the EU at will, yet no other is afforded this luxury?
    If this is the case then, why should they leave, for surely they will impose their will on all?
    These days I do see many similarities between America and Germany in their behaviours, hypocrisy holding the number one position.

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  2. Germany throughout the crisis, through its surpluses, and the early undemocratic Sarkozy-Merkel decision that EZ nation debts would remain individual, has always held this “Get Out of Jail Free” card. The downside of doing so would be a much more expensive mark and less spectacular profits. It would lose the automatic advantages of the free trade zone (EZ) comprising 40% of their market, a captive market, not to mention the Domination Factor (“Go to Jail. Do not Pass Go”).

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  3. >>In fact, none of the countries Germany decided to
    >>visit after 1938 got a penny in reparations.

    And neither did the victors get paid either (mainly due to the Russians).

    In normal wars, the victor takes the spoils. But in WWII Britain ended up paying its war debt to the Americans until 2005. But since America was paying $billions to Germany – to prevent starvation, a lurch to communism, and to create a much needed buffer against Soviet expansionism – in effect, Britain ending up paying Germany for winning the war. Crazy, or what?

    And people wonder why there was an economic miracle in Germany post WWII. Not surprising, if the workers there will now work for 1/4 wages and your former enemy is paying you to rebuild – while that former enemy is suffering from much higher wage-costs and cannot even afford to rebuild itself.

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  4. Who blinked? The EU of course…….they should have pulled the plug now, but oh no, their beautiful pan-european vision clouds their judgement once again.
    And the Greek people….? Their voice is lost. Their recently elected and mandated government cannot walk the talk.
    The tears will be larger, later.

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  5. Well I can still here the sound of aluminium scraping along the pavement as the proverbial can was given a not so hard kick. I think rather than getting more trust the Greek government put itself even more under the spotlight because now everybody, including it’s citizens, will be looking on to see what magic trick it has up it’s sleeve. Unfortunately, when you talk about politicians, the magic turns out to be nothng but yet another ruse. What ruse can Greece pull off in four months? As Paul Daniels used to say, “Not a lot”.

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  6. It is hard to see in what way Germany has given ground. Greece still has to submit her plans for their approval on Monday. After all the oratory by Greece, they had better have a cunning plan B, since their bluff seems to have been called. Just more politicians who say what they want people to hear, then find they can’t deliver once elected.

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  7. The problem with repaying,sueing those that fraudilantly fixed the numbers is the whole house will fall down ,hence no German payment for where will it end & no bankers/politicians/civil servents prosecuted because every pension,deal done under those circumstance could be deemed illegal & the same were will it stop,more time spent sorting out the passed than getting on with the future,but you can only get on with the future if you but realistic values on & common sense on the path going forward

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  8. The great myth still persists that Britain was one of the winners in World War 2. By extreme good fortune we ended up on the winning side but completely bankrupt with an enormous unravelling empire about to fall apart and our Imperial reputation in tatters as a result of the Singapore debacle in 1942. The US took over control of the financial world organised to their maximum benefit and the Soviet Union gained half of Europe. Britain gained absolutely nothing, we couldn’t even say we achieved the original war aim of freeing Poland from tyranny and occupation. No Britain was definitely not one of the winners, I think we could best be described as a rather lucky survivor, thanks in the end to our own valiant endeavours and the fortunate turn of events taken by the war in 1941.

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  9. Getting better , but **fat Benny**a bandit chosen by the great and good? Papandreou he who is as thick as 2 short planks I can understand why he couldn’t be picked, but fat Benny, jovial, urbane, slippery and well Greek, what better Greek could you want. And whilst I agree it must be on the cards Germany will pull out, at sometime in the future, at this stage Im not sure Greece has got the deal signed sealed and delivered….Greece still has to submit a plan on Monday, todate, I dont see any details that has been agreed. This deal could still belly up come Monday.

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  10. I know this is a serious matter, but I couldn’t resist entering the caption competition:

    YV to CL smiling: “Remember Thermopylae….”

    CL to YV through gritted teeth: ” Are you a Spartan Cuss?”

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  11. Painted as a ‘climbdown’ by Auntie Been before knowing what the agreement was. Troika knew they’d give ground but feared the consequences of doing so on other agreements. Delay til Monday whilst already agreeing four months, then extend again whilst changing conditions etc of loan, giving loan guarantees instead of loans? Who knows.

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  12. I can see it now Yanis Varoufakis returning to Athens, getting off an aeroplane and waving a piece of paper declaring it
    “A financial peace for our time” to tumultuous applause from the assembled crowd of hopeful well wishers.

    They will quickly release the whole thing was a nasty EU Troika deception.

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  13. The biggest recipient of Marshall Aid was the UK. It received more than any other European nation and twice as much as West Germany. The difference in Post War economic recovery is down to how the money was spent, not how much was received.

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  14. The point that most Britons are blissfully (and oddly) unaware of, is that Britain most certainly did not win WWII. Of course we did not lose to the Germans but in the years following the war the empire was stripped away as was global reserve currency status stripped from Sterling. The industrial machine was dismantled, the armed forces reduced to shadows of their former selves and geopolitical influence brought back to “also ran” status.

    Presiding over all this carnage was the USA, Britain’s sworn enemy since the middle of early 18th century. if you don’t believe me, then how come that as late as the 1930s, the standard scenario for the US Army’s annual exercises each summer was defence against a British invasion from Canada. Then all of a sudden, come 1942 we’re all best chums. From that year on we had foreign troops stationed in (I should really say, occupying) Britain, which was omething that was totally inconceivable just a year or two before (and hadn’t happened since 1066!) Ever since, (remember Suez?) we’ve done exactly what we were told to do by our masters including never getting properly involved in the EEC/EU.

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  15. Varoufakis now has 120 days to show off his skills in game theory, and put in an order with De Le Rue for some new Drachma bank notes, whilst making plans to preserve the Greek banking system, when ,out of the blue, he announces ‘a clean slate’, ( Grexit plus 100 percent debt repudiation).Healey had to bow to the IMF in 1976, something accepted by the UK electorate, but he was cushioned by rising oil revenues, which Greece does not have. Expect a lot of bilateral deals between Greece and Russia and China, to be announced, without prior warning, on ‘ Grexit day’, which will come sooner than you think. There will be one month of chaos in Athens, but 5 years of bitter recrimination in Germany, whose taxpayers have been taken for a ride, whilst the BMWs and Mercs cannot be repossessed.

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  16. Turns out that Syriza are feta cheese-eating surrender monkeys. Its not certain its coalition will stay together. I’m in Greece next week so am reasonably sure, at least today, that my debit and credit cards will still work.

    @ those who mention reparations and the Marshall Plan, do not forget the London Agreement on German External Debt of 1953.

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  17. >>The biggest recipient of Marshall Aid was the UK.

    Ha. In return for all our jet engine technology, radar, sonar, magnatrons, electronic computers, superchargers, plastic explosives etc: etc:. Pratt and Witney, GE and IBM would never have grown to the size they did, were it not for UK technology transfers.

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  18. Very true. But we were broke. Its like a pauper living in a mansion, you have to sell off the family silver to survive. The UK came close to running out of foreign exchange (and food) in 1947. Its no good having jet engines and computers if the public are starving. Don’t forget we still could have created world beating technology companies, we weren’t banned from making these things. We just never did, properly. Look at Comet, and ICL.

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  19. When following the parade as it marches before my lying eyes, I don’t see where Greece agreed to anything. I did get to see them deny everything demanded by the commandant about their future behavior. I didn’t get to see them announce a deal with anyone. How desperate is the eurolalia echoing solely within their own craniums to get over this minor hurdle.

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  20. The post WW2 squandering of Britains Marshall Aid by the Attlee Government has been covered very extensively by the auther Corelli Barnett. Instead of being used for extensive modernisation and reindustrialisation (as was the case with West Germany) its was used simply as a money pot to fund the Government of the days expenditure and various pet projects. This included the setting up of the Welfare State, the NHS, rearmament, the development of a British atomic bomb (in the deluded belief we were still going to be a major Imperial world power) and of course wholesale nationalisation of steel, the railways and transport. The Bank of England also used the funds to support an Empire/Commonwealth Sterling currency zone.
    Although the Atlee Government were clearly well meaning and full of good intentions they had the mindset of being a victorious world power who had won the war when the reality was they had the finances akin to being one of the losers.
    The Marshall Aid money ended up being wasted in much the same way as the Thatcher Government wasted the bounty from North sea oil during the 1980’s spent to support general expenditure rather then long term strategic investment.
    When the Marshall Aid money started to run out in 1949 Britain had the first of its post war Sterling crises.

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  21. what i wonder is whether the list of reforms that Varoufakis is scheduled to come up with for the “final review” monday was secretly negotiated beforehand. It would seem to me foolish at this juncture to let him produce a list only for the assembled finance minsters to balk at next week, and even more foolish if Greece had not recieved some reassurance on this point. German brinksmanship after all this would play into the hands of Golden Dwn..

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  22. Pingback: John Ward – The Morning After : Athens Gains More Trust, And Is No Longer Trussed-UP – 21 February 2015 | Lucas 2012 Infos

  23. (1) jet engines the USA already had a linear jet engine developed by Lockhead and a really ahead of its time jet fighter that HAD LINEAR FLOW AND AN AXIAL MULTISTAGE COMPRESSOR. this was not a concept but a bird that actually flew iT was canceled on pragmatic grounds, long before the Glouster Meteor took to the skies. Pratt and whitney and Curtis Wright gave the world great reliable radial engines while the uk gave one inline , the Merlin (2) electronic computers no John Von Nueman was not a Brit Turing was a great man but the IBM computer was developed at Los Alamos And it had lots of fathers Von Nueman and Feynman included (3) superchargers no the US gave the world turbochargers instead (in 1937) Turbo charging and super charging all developed from the Knight and Peyton wheels both US inventions.
    We can go on with this what came first the chicken or the egg BS ad infinitum if you wish the fact is the USA invented the consumer economy and that was what led to the development of all these things.

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  24. And aren’t you glad that the London banksters ( who started the world bankster conspiracy that runs this planet), did not allow you to go whole hog into the EU and dump the pound?? Right now you are sitting pretty even stripped of your industry. and, bye the bye, as you Brits say the reason you have no industry while the US economy was growing in the post war years was your home grown communists in the Labour party that (1) tried to nationalize all large private industry (2) strangled all industry with over regulation and (3) drove every Brit entrepreneur off shore with confiscatory tax policies ( My uncle was one of them) The problem was, old boy, your class system never developed a true consumer economy and your socialists stuffed full of Marxist nonsense had not a clue of how to run the carrot and stick balancing act that made one work. The USA didn’t do you down, your own blind arrogance did it, and did it thoroughly in every respect, Cheers!

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  25. I think the EU mandarins have just compromised to try to put off the envitable for just a little bit longer. I suspect Greece will default on its debts and the Euro will implode.

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  26. Come on what a stupid agreement this is…..Greece gets to put the terms it wants to every institution then the institutions get to pass on their agreement to all EU members then each member state gets to vote on it and decide if it will pay up. What a dick head Varoufakis is, trying to play of each institution in turn. Its totally unworkable for Greece, the response time will kill them.
    Best if stupid fart submit stupid terms in Monday so that the Greek problem can be dealt with quickly and easily. This new team of Varoufakis and The Tripper are the most stupid men on the world stage at this present time…and boy oh boy, we have got a lot of idiots to pick from.

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  27. @Johnb:
    i’m guessing that you’re American and that you are reacting against my post for being anti-American. I’m sure it sounds that way although that wasn’t the point I was trying to make. I don’t hate America; have several good American friends and have enjoyed my holidays there tremendously. I am also seriously grateful that the US did fight and beat the Nazis. No, what annoys me is that by failing to admit to ourselves what really happened we have been blindsided at every step. The empire did need dismantling, as did the class system; I have no doubt about that.

    However, if the UK had gone “whole hog” into the EEC as was back in the 1950s, then I believe the whole thing could have worked out so much better. Maybe we would even have an unflawed euro by now, which is, IMHO, a great idea. If we had admitted to ourselves that we were a defeated erstwhile superpower, then we could have learned the right lessons and performed so much better (like Germany?). Perhaps we could have stood up for something more than unbridled consumerism and quasi 51st state status. Perhaps Britain would still be a place worth living in.

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  28. & no bigger idiot than you Tony,i take it from your desperation to belittle & call so many people that you’re about to lose big time,such bluster for a breeze,such grossness for so little imagination

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  29. Germany will not start paying reparations for were will it end,bankers/politicians/civil servants will not be prosecuted for fixing markets,data that has undermine every deal done & were will that lead to,spending more time sorting out the passed than the future,but the future can only have a future if true values are restored & rewriting of fraudulent activity is measured in real terms & real facts

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  30. They wont be leaving the EU just the Euro. True that makes their exports more expensive BUT it also stimulates the economies of Italy Spain and even Greece Trade mean trade. You buy my stuff and I buy yours. The proof that the Banksters run the EU ( if any was needed) is the fact that they set up the common currency and largely failed on trade protection. They could have been a real force for European commonwealth, Instead we have a Soviet style over regulated mess rapidly turning into an economic basket case. John Ward said Nigel wasn’t saying any thing while all this mess unfolds. Too right. He gets better advertisement for his views than anything he could possibly say by this circus going on right now, and cannot possibly be accused of stirring up trouble. If any doubt that UKIP will emerge as the power broker in May i suggest you are not paying attention.

    Liked by 1 person

  31. Pingback: THE MORNING AFTER: ATHENS GAINS MORE TRUST, AND IS NO LONGER TRUSSED-UP | Ελεύθερη Λαική Αντιστασιακή Συσπείρωση

  32. Hello Mr Down….

    Re yr post At The End if The Day just now 20 Feb. This deals with dementia and the Comments cannot be found .
    Were they omitted as an ironic gesture or are your articles beginning to imitate your personal cerebral state ?

    Oops! That page can’t be found.
    It looks like nothing was found at this location. Maybe try one of the links below or a search?

    Nighty night . Mind the Krugmans don t bite ! Angie .

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  33. Yes ok i ll give you that one . Should read 21 Feb . My mind was also wandering fantasising how Mr Varoufakis would try to seduce me in a boudoir in the Reichstag in an effort to soften my stance on letting his country exist after July. Well a girl can dream you know ….. but I see that Brazen Lagarde hussey is already getting her talons into him so I reliash the upcoming catfight as always !!

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  34. F.U.Bar, the Americans didn’t beat the Nazis the Russians did, looks like they may well be about to beat them again in Ukraine later this year.

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  35. AAAhh well when Greece submits its terms of co operation on Monday…many of you will come to realize that those 2 lying bastards Vakoufakis and The Tripper have totally mislead the Greeks, they won nothing, got nothing, and still need to get funding. You can only put reality of for so long. But the lying scumbag Tripper goes back and tells Greeks hes won..what the hell has he won..he still ahs to comply with the terms to get money…he aint getting anything till he does. Its amazing to me, how many want to believe in a dream rather than common sense..and as to me losing..come on, Greece is the best short on the market, you know it will go down, so its a no brainer to sell and buy back.

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  36. Tony so Greece lost they have to realise that the EU expect them & all the people of the world to live in destitution for eternity so a few can keep cream of QE money on the back of what is deemed enough to helicopter in to keep the farce going,humanity maybe stupid,but fooling them is a very dangerous game when you have nothing to offer them
    So Tony carry on,your only condemning yourself to the future you deserve

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  37. Sorry to write about it, but it is the second time I cannot find my comment on your article after the first day, just like somebody swept it in the night. Is there something broken?

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  38. @Tony Holland:
    In our finite, albeit expanding, known universe does exist an infinite mass. Namely, your STUPIDITY supplemented by an extra topping of stereotypical “reasoning” and biggotry.
    If there was a Nobel Prize for Ultimate Stupidity you would be a lifelong winner for the whole duration of your miserable life. This website and this forum is about, apart from the good old bollocks-deconstruction, the search for truth and the polite and reasonable debate of the topics under considerartion.
    Your contributions are totally irrelevant, without any logic or coherence. Don’t you have better things to do, such as accumulating more millions or spending quality time with your ultra intelligent offspring, instead of trying to enlighten us?

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  39. ” the fact is that the USA invented the consumer economy and that was what led to the development of all these things ” JohnB

    Aye, there’s the rub.
    UK were never going to manage to do that, too grubby a concept.
    UK were also too polite to stop corporate and federal Americans stealing all our IP.
    Biggest problem UK had, however- as the original industrialised nation- was to be first to evolve into the next stage, that of wishing for stability, familiarity, and security. So we voted in only bureaucrats and under-managers. We didn’t want leadership, and we didn’t want risk; and still don’t.
    UK should split into four and compete against each other.
    A pity Alec Salmond didn’t want independence, he just wanted his own room, choose his own clothes, and get some more pocket money.

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  40. My point was going to be-
    I can’t tell at all what the outcome of those meetings was. Mainstream Media has followed the big government line, and not many places saying Varoufakis et al played a blinder.
    I suspect no-one at the table wanted a decisive result, and both were happy to kick the same ruddy can down the same ruddy road. For different reasons.
    The Greeks need some money cos they haven’t had time to work out the new currency plan. They should have held off this meeting for 3 months, they could have just shrugged their shoulders and said they weren’t ready. They want to see Italy, France, Spain’s problems now surface; maybe 4 months will do that. But what are they going to tell the Greek people meantime, maybe V should go back on Newsnight and tell Ms Maitliss what the deal is; she really wants to know.
    The Troika, like all apparatchiks, don’t really know what they want, other than to keep centralising power.

    Isn’t unfolding history chaotic? At least when you read about it in 20 years time (from the vicotr’s perspective), it will all make sense.

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  41. I’m sorry ,have I missed something here. A few days ago Greece must leave or Germany will leave,who will blink, Greek debt 181% of GDP, mathematically impossible etc etc.Today Oh we’ve had a little chat and it’s all going to be fine.
    Really?.

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  42. @ angelteuton: Hi, or should I say Heil?
    Although I fail to see the logic behind your question/intervention I will try to provide a possible explanation.
    The reasons I “deign” to reply to Tony Holland’s excrements are based purely on an aesthetic abhorrence of ugliness. To express my profound displeasure, if you will.
    I also like to think that my motives are quite transparent: i.e. all of his comments revolve around an axis of stereotypical, bigoted and hateful perceptions of Greece and Greeks as a whole. This is his right of course. I happen to disagree with that. As well as I happen to disagree with many of my fellow compatriots who believe that ALL Germans are neo-nazi murderous scum determined to attempt, for the third time, to conquer Europe – this time by means of an economic war.
    So, I fail to see what is so mysterious to you about my reply to that person.
    In other words, what I am trying to put through to his thick skull is the following: within the context of an intelligent discourse among civilised persons remarks such as the ones offered by the “Tony Hollands” out there are not only useless to advance the debate but, ultimately, irrelevant and of very poor taste, thus unnecessary.
    Is this all clear now?

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  43. Er…..no. Certainly not the bit about all of us Germans NOT necessarily being neo Nazi murderous scum determined to conquer Eurooe economically third time lucky. I think you might agree we are quite some way there nicht war ?

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  44. What I wrote is: “As well as I happen to DISAGREE with many of my fellow compatriots who believe that ALL Germans are neo-nazi murderous scum determined to attempt, for the third time, to conquer Europe – this time by means of an economic war.” By this statement I mean that I am AGAINST the, very dangerous, simplistic over-generalization logic underlying positions such as the above and the similar ones expressed by the likes of Tony Holland.
    Further, whether you like it or not, it was the some of the actions and the rhetoric of your elected government and their direct implications on Greece have caused: a) some Greeks to feel once again the same sentiments caused by the Nazi occupation of Greece (mainly among the remaining survivors of the atrocities and their descendants), and b) the younger generations (impoverished, unemployed, without any positive future prospects) to feel sentiments against ALL Germans that are nothing but pure hatred and disgust.
    Εντάξει;

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  45. i believe it took two fronts to defeat the Nazis, but the Russians took the most horrible deathtoll of all the combantents in the effort.

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  46. Pingback: John Ward – Greece Crisis Opinion : Troika Rises From The Dead As Draghi Leads The Charge, And Varoufakis Employs Brave Face – 24 February 2015 | Lucas 2012 Infos

  47. Pingback: John Ward – Memo To Varoufakis: Game Theory Is Fine, But This Isn’t A Game – 26 February 2015 | Lucas 2012 Infos

  48. Pingback: Memo to Varoufakis | Doomstead Diner

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