GREEK REFERENDUM: Athens in danger, Troika2 in a corner

From the Declaration of the Greek Prime Minister:

“It was asked of the Greek government to accept a proposal that accumulates a new unaffordable burden on the Greek people and undermines the recovery of the Greek economy and society, not only preserving the political uncertainties, but creating even more bulging social inequalities.

The proposal of the institutions included measures leading to further deregulation of the labour market, pension cuts, further reductions in public sector wages and an increase in VAT on food, dining and tourism.
These proposals directly violate European social aims and fundamental rights: at work, equality and dignity. But the objective of some of the partners and institutions is not a viable and beneficial agreement for all parties, but the humiliation of
the entire Greek people.”

When Tim Geithner returned from the Cracow eurogroupe three years ago, he told a colleague, “Those Europeans are going to take the Greeks and beat them senseless with a baseball bat”.

There is little more to say beyond this being the right response to a cynical attempt to beat up the little guy in order to discourage the bigger guys.

But what Tsipras has issued is a well-earned declaration of war between the corporacratic State and community democracy. It’s not yet the beginning of the end for the lunatics, but it just might wake up some of the trustingly apathetic.

Related from yesterday at The Slog: The negotiation that was always meant to be a humiliation

45 thoughts on “GREEK REFERENDUM: Athens in danger, Troika2 in a corner

  1. I think the PM is ducking responsibility as a leader and hiding behind the referendum for political cover. He owes the Greek people a plan B not standing by and letting the banks close on Monday followed by chaos until the vote. The EU is going to put pressure on the Greek citizens who will most likely vote yes allowing them to keep the baseball bats swinging.


  2. @BC Perhaps Plan B is default and reset. To be honest, I never thought we would have a negotiated settlement because the two sides could not and would not negotiate the real issue: Greece’s debt. I now accept the proposal that the EuroGroup never wanted a negotiated settlement that would be of any value to Greece.


  3. Hi Bill
    surely he doesn’t have a mandate to leave the Euro or the Eu from his people, who democratically voted him into office. What sort of a plan B do you think he can have under these circumstances. I would be inteersted to know what what B you think he could possibly have


  4. First of all it was referendum – troika 2 twerps stand by and watch next sunday.
    Then it was – referendum off table because all offers of help from troika 2 expire 30th June midnight.
    Now – and again – the ball is in Greece’s court.
    Choice is either – go to hell you german cn*ts – or – but you said bla bla – and we’re a nation of you said and we’ve been cut out of the deal.
    What would you do ?
    Me, I’d tell tell the troika 2 to go f*kc themselves in the ass.


  5. I doubt whether you have readers who will disagree with you.

    But Syriza must have foreseen the possibility of this coming, given the way they have been treated throughout. Difficult to believe they have no contingency plans.
    What, for example, if they simply print all the money they need – in euros? So far as I can see, they have only ever printed 5 and 10 euro notes, so the presses wouldbe rather busy if they have notbeen given the plates for higherdenominations. But it would bevery funny to see a eurozone member going in for QE independently of the ECB, and Germany’s Target 2 liabilities going through the roof


  6. Quislings to the rescue!

    According to an exclusive newsflash in the tabloid Bild here in Germany, New Democracy in Greece is attempting to overthrow Greek government tonight.  If it works, new elections.  If it doesn’t .. “referendum” dies.
    Mobile version:

    Bild is angie merkels mouthpiece she being best friends with Friede Springer the main shareholder of Springer Verlag.


  7. Well here’s one whose 100% behind the Greek’s on this.

    They are going to be bombarded with all manner of threats and dirty tricks though over the next week.

    I do so hope they’ve the stomach for kicking the Troika where it really hurts… HARD!


  8. Referendum dies cuz as Bild states they have to have a three-day bunfight in Parliament, over the issue of a vote of no confidence to be proposed by Nea Neonazia or Nea Demokrazia or whatever they chose to call themselves tomorrow.

    Nea Neonazia – the new EU rentboys? A backdoor access to Greek politics? In Germany, the vulgar word for taking it up The tradesamans etrance is “Griechisch” – a la grecque.


  9. Alice a real leader if he truly did not have a plan B as Tsipras was fond of saying didn’t exist,thereby placing all his bets that the EU would blink is a fool. He needed a secret plan for example to resign or call a special election in time for someone else to do the EU’s bidding or have a printing company print stacks of Drachmas to have on hand. Something anything but just letting the situation drift off into chaos is not what a leader should do. As they say when your in a hole stop digging clearly Alex didn’t get the memo. Next week should be interesting..


  10. hi mark it does seem something of a plan B. Maybe they have done it already. Its good to see they are not craven cowards all ready to take orders from EU thugs and swindlers. No accounts make any sense in the EU as there whole budget for the last 15 years is one giant slush fund run by unaccountable unelected al capones..


  11. Maybe the EU/Troika could wipe all of Greece’s debt in exchange for them agreeing to give refuge to all of the poor refuges currently trying to cross the Mediterranean.
    This could be a wonderful opportunity to create the EU’s first truly multicultoral society where two cultures could become one showing the whole world how the EU and modern day Germany really care.


  12. It appears to me that the Germans are calling the shots here, the Greeks are with the backs to the wall, it is all very well the media and the Europeans urging the people to go this way and the other, but when you are out of money hence no food on the table, what then?. Maybe the cavalry in the shape of Putin will come to the rescue


  13. Perfect timing.
    Maximum impact.
    Attention grabbing.
    Responsibility shifting.
    Public empowering.
    Troika emasculating.
    Sound like someone else we all know?


  14. Step 1 for Greece. Repudiate all sovereign debt owed to foreign institution. 2. Reestablish your central bank as lender of last resort.3. Convert all domestic Euros into New Drachmas. 4. Refinance your domestic banks(think RBS, LloydsHbos).5. Accept a large devaluation. 6. There will be light at the end of the tunnel (step 1 is the key).


  15. This is all about the oil finds in the Aegean and the whole of the Eastern Mediterranean which is the real reason the Russians are in Cyprus and there is such a battle for Syria and North Africa. See
    This is why Germany was offering to take islands in the Aegean as debt repayments. It is why they are desperate to keep Greece in the Eurozone but beholden to the ‘Troika’ with unpayable debts. These could be paid with rights to oil.


  16. Indeed, fire Stournaras, ASAP, by all means.

    We, in Hungary, were only able to start to get back on our feet after the previous head of our central bank put in office by the former neo-liberal government, (before Viktor Orban was elected in 2010) was finally replaced. “Our Stournaras” – Mr. Simor – could not be fired due to ECB pressure, we had to wait until his term was up. Simor even tried to help induce a bank run in Hungary hoping to help topple Viktor Orban back in December 2011-January 2012. So lucky he failed.

    Based on our experience, the likes of Stournaras are a direct threat to sovereignty, let alone a threat to the economy or standard of living.


  17. Having followed events closely, there has been a crescendo in international and Greek discussion of the need for a clear mandate – otherwise key measures can be undermined and undone, and the country thrown into complete disorder. To me it seems a responsible way to go to call a referendum, just as it was necessary to negotiate, otherwise the Tsipras government would be exposed to accusations of acting rashly, without any consideration for consequences that are undoubtedly going to be tough for some time.


  18. 1 missing submarine
    No war reparations
    Russia standing by

    Why panic? All the balls are in Syriza’s court, despite the media misinformation.


  19. Well worth reading and just what the puppet politicians and their muppet media don’t want – a reasoned, objective and compassionate exposure outlining the evisceration of an entire nation in order to preserve the illusion that there is no alternative. But they forget that the Greeks have known how tragedy works for thousands of years, based on the age old wisdom that hubris leads ultimately to nemesis. With any luck, the Delphi Initiative will prove to be an oracular event.


  20. Skeptic……..fine have a referendum for the reasons you stated BUT they needed to vote before June 30th and that would have avoided the present chaos…….poor leadership!


  21. I would really like to support this but it’s a shame that, to judge by the UK participants, they seem to be very unpleasant people.


  22. Bill your asking Churchill to step aside for Chamberlain,he as one problem no mandate,he will either get one or won’t,what won’t happen is the reinstatement of a appeaser.


  23. No, I think he is correct to call for a vote because this is a huge step that can/will have an impact on every Greek citizen for years. If does not have their backing and participation, all future decisions will be for naught.


  24. Firstly, Syriza and the Greek people, should tell EU to f*ck right off.

    Secondly, approach the AIIB or BRICS Bank for a loan.

    Thirdly, Get a trusted (?) nation to print Drachma for them. The AIIB/BRICS loan would be paid in the new Drachma currency.

    I think the only rabbit the Greeks could possibly pull out of the hat is a realignment with the East Asian block.

    The EU policy of submitting to the American ideal of corporate fascism is na insane and repugnant as Stalinist Communism. The are both systems which are designed to create slave states, where a human being is simply considered to be a worker drone. If you cannot find work you will be made homeless to make room for more valuable slaves.

    This model of slavery was perfected in the nazi/commie slave labour camps, where you would be kept alive and fed as long as you were of some value to your corporate masters.

    Little known fact : Birkenau/Auschewitz was funded by, built by, and served a corporate cartel consisting of IG Farben – Dupont – ICI. The nazi’s just supplied the camp guards. Funny how ya dont read THAT in the history books.

    This is the model being used for the new global Reich (USA – EU). This is how society now looks in the ‘civilised’ world.

    ARBEIT MACHT FREI (these are the words found above the gates of the nazi/corporate slave labour camps. Ie. work or die.

    But of course, I am just an extremist nazi, pinko commie scumbag and none of this could ever happen. Surely our ‘media’ and ‘news’ corporations would be outraged and non of this could ever happen, so lets just focus on some irrelevant, minor detail and have a debate about that.

    PS. The huge pile of shite on the floor is caused by the gigantic, corporate fascist elephant in the middle of the room.

    SEIG HEIL. Now stop rattling your chains and f*ck off back to work, slaves.


  25. As a Greek I can only say that WITHOUT a referendum there would be revolution and civiI war here. This government was voted in to reverse austerity and seII-offs, not to commit the country to an even harsher version.


  26. Not only, the biggest Iies ever from the US-angIo press are going to be churned out this week – we ain’t seen nothing yet.


  27. What I would Iike to know is, where is the support for Greece [I add Hungary too] – 2 states hunkered down inside EU trying to survive – among ordinary EU people?


  28. So Lagarde says no offer on the table, so no referendum question available.
    I’ll give her one …

    ” Yes or No-
    I support all Government actions to resolve the debt crisis whilst ensuring Greek sovereignity. “


  29. Dear Elenits,

    The same question has been asked of Viktor Orban recently. His answer was exactly that: his/their support is among ordinary (EU) people.

    I quite agree.


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