(the last Greek thread, ‘Crunch Time’ is here.)
(the transcript; preferable, imo) a snippet:
SPOURDALAKIS: Antonis Samaras–resigned, yeah. The leader of the opposition and the previous prime minister resigned from the leadership of his party. So that risky, for many people, initiative by Tsipras to call for a referendum had many repercussions inside Greece and outside. Send a message to Europe, say yes, we want–Greece would like to be part of the European process. But part of the European process, that first of all is democratic. Secondly is, that process and this development and dynamic should be based on real dialog, solidarity, and democracy. That’s something that we haven’t seen in the past many, many years, where primarily Germany assisted with France, occasionally in fact they dictate what is happening, what is going to happen in the union, bypassing in the most arrogant way you can imagine the will of the nations. So the governments that they might have minor differences with, with that kind of leadership.
The question in Europe–let me say two more phrases. The question of the referendum and the question of the relationship between Greece and Europe is not just the economic problem. The rescue, if you like, quote-unquote, plan for Greece, it has to do with the issue of democracy. Greece has been, and we all know that, the only democratic response after the crisis in Europe. And this hasn’t been appreciated by the EU’s leadership at all. It’s been disregarded. It seems to me that European leadership can much more tolerate the right-wing populismo, or even neo-nazis, so radical right expressions or responses to austerity more than the democratic response to austerity. Even this might happen to be Syriza, in other words, a radical left party.”
‘Why No Means Yes, July 6, 2015 by Michael Hudson; Greece Rejects the Troika. Where Do We Go From Here? One prescription:
“What Greece needs is a domestic central bank – or failing that, a national Treasury – empowered to create the money to monetize government spending on economic recovery. Mr. Draghi has shown the ECB not to be “technocratic,” but a cabal of right-wing operatives working to bring down the Syriza government, in a way quite willing to empower the far-right Golden Dawn party in its stead. In light of his refusal to carry out the duties of a central bank and act as lender of last resort when Greek banks run out of cash, Mr. Varoufakis has said that: “If necessary, we will issue parallel liquidity and California-style IOU’s, in an electronic form. We should have done it a week ago.” [skip to the finale]:
“Last Tuesday, Tsipras explained to Greek voters that the Troika had put nothing in writing about debt writedowns. This pierced the haze of media-induced panic. His seeming willingness to surrender simply dared the Troika to back up their promises in writing. He certainly was not going to make the tragic mistake that Russian leader Gorbachev made when he believed the verbal NATO promises that it would not move into the post-Soviet countries of Central Europe and the Baltics.
The Troika’s position was and is: “Impose austerity now. We’ll talk about debt writedowns later. But first, you must sell off what remains of your public domain. You must lower wages by another 20%, and force another 20% of your population to emigrate. Only then, when we’re sure that we can’t get another euro out of you anyway, then we may be willing to talk about writing down some of your debt. But not until we have stripped you of anything left to pay in any case!”
No, Frau Merkel wasn’t pleased with the vote, but she is biding her time, my pretties!
In hopes that this will be justified in the days yet to come, but for now, some funnies. What comes just below is serious business:
The arrival of the Greek Trojan Bird..
H/T Naked Capitalism (comments, too!): ‘NUDELMAN’S NEW WAR, NULAND’S NEMESIS – WILL GREECE, OR WON’T GREECE BE DESTROYED TO SAVE HER FROM RUSSIA, LIKE UKRAINE?’, John Helmer, Moscow, at Dances with Bears
Whoa it’s long, and filled with great graphics, photos, realpolitik, his take on ze Troika zeitgeist, and portentous history of putsches, both recent and in from the Wayback Machine (including the Papandreouses, Mother Russia, and more in the mid-1980s and earlier). The opening teaser:
“A putsch in Athens to save allied Greece from enemy Russia is in preparation by the US and Germany, with backing from the non-taxpayers of Greece – the Greek oligarchs, Anglo-Greek shipowners, and the Greek Church. At the highest and lowest level of Greek government, and from Thessaloniki to Milvorni, all Greeks understand what is happening. Yesterday they voted overwhelmingly to resist. According to a high political figure in Athens, a 40-year veteran, “what is actually happening is a slow process of regime change.”
Until Sunday afternoon it was a close-run thing. The Yes and No votes were equally balanced, and the margin between them razor thin. At the start of the morning, Rupert Murdoch’s London Times claimed “Greek security forces have drawn up a secret plan to deploy the army alongside special riot police to contain possible civil unrest after today’s referendum on the country’s future in Europe. Codenamed Nemesis, it makes provision for troops to patrol large cities if there is widespread and prolonged public disorder. Details of the plan emerged as polls showed the ‘yes’ and ‘no’ camps neck and neck.” Greek officers don’t speak to the Murdoch press; British and US government agents do.
“It was neck to neck until 3 pm,” reports the political veteran in Athens, “then the young started voting. “
Can the outcome — the 61% to 39% referendum vote, with a 22% margin for Οχι (No) which the New York Times calls “shocking” and a “victory [that] settled little” – defeat Operation Nemesis? Will the new Axis – the Americans and the Germans – attack again, as the Germans did after the first Greek Οχι of October 28, 1940, defeated the Italian invasion?
The Kremlin understands too. So when the State Department’s Victoria Nuland (nee Nudelman; lead image, right) visited Athens to issue an ultimatum against breaking the anti-Russian sanctions regime, and the Anglo-American think-tanks followed with warnings the Russian Navy is about to sail into Piraeus, the object of the game has been clear. The line for Operation Nemesis has been that Greece must be saved, not from itself or from its creditors, but from the enemy in Moscow. The Russian line has been to do nothing to give credence to that propaganda; to wait and to watch.”
Skipping down the page, is this Tsipris whistling past the graveyard?
“Political sources in Athens acknowledge that after taking power in January, Tsipras and his Syriza colleagues quietly took precautions against a putsch by the security forces. “The leadership [of the military and intelligence services] was changed,” the sources say, “but not radically. The defence minister [Panos Kammenos] is rightist so there are no ‘radicals’ in command.”
Well, how about those Very Unhappy and Very Nationalistic Generals who’d signed that letter the Trotskyites at wsws.org channeled or new about…?
“In Moscow there has been scepticism from the start that Tsipras could or would withstand the American and German pressure. For more, read this. In April, and then again in June, Kammenos sidestepped the issue of what fresh military cooperation with Russia is contemplated by the Greek side. Discussion of the details has been postponed until the two governments hold a joint ministerial commission meeting later this month.”
Also weighting in on Project Nemesis at wsws.org: ‘Operation Nemesis: Danger of state repression against protests in Greece’, fwiw.
Ooof: they mean war! they mean death to punish ordinary Greeks! because they voted for dignity and democracy, rejecting servitude to Bansters. Via the Guardian liveblog:
The Governing Council of the European Central Bank decided today to maintain the provision of emergency liquidity assistance (ELA) to Greek banks at the level decided on 26 June 2015 after discussing a proposal from the Bank of Greece.
ELA can only be provided against sufficient collateral.
The financial situation of the Hellenic Republic has an impact on Greek banks since the collateral they use in ELA relies to a significant extent on government-linked assets.
In this context, the Governing Council decided today to adjust the haircuts on collateral accepted by the Bank of Greece for ELA.
The Governing Council is closely monitoring the situation in financial markets and the potential implications for the monetary policy stance and for the balance of risks to price stability in the euro area. The Governing Council is determined to use all the instruments available within its mandate.
— Frances Coppola (@Frances_Coppola) July 6, 2015
ECB tightening the thumbscrews.
— Matt O’Brien (@ObsoleteDogma) July 6, 2015
I’m surprised the ECB wants its fingerprints even more on Greek bank failures that could kick it out of the euro.
More reaction to follow… Reaction? Perhaps it might be The Breadwives and ‘the angry people singing’ as the Rabble sang in the gallery of the Spanish Parliament in Spain while they considered the new Gag Order?
Meanwhile, in Spain overnight:
From El Pais: ‘Spain moderates its line against Greece after referendum ‘no’ vote; Economy chief Luis de Guindos says he wants country to remain part of the euro’
The minister admitted that the ‘no’ vote made “things more difficult,” but added that the irreversibility of the euro was a fundamental matter and one of the basic principles of the euro zone.
Pablo Iglesias, secretary general of Spain’s anti-austerity Podemos party, welcomed De Guindos’ words, saying the economy minister had said “very reasonable things” about the future for a Greek agreement.
Iglesias on Monday also took the opportunity to remind the Spanish Socialist Party (PSOE) that the Greek people had given their full support to the government of Alexis Tsipras.
The comments came in reaction to statements made last week by the PSOE’s economic affairs advisor Jordi Sevilla, who described the referendum as “surreal” and asked the Greeks not to turn their back on Europe.
“Today is a good day for the PSOE to reflect,” Iglesias said.
Socialist leader Pedro Sánchez again on Monday asked the Tsipras government to show some “loyalty” to its European partners and end its “confrontations” with other members over its finances.’
“I’m very optimistic, I’m sure that in the next few days we’ll have an agreement,” Iglesias said at a news conference, adding that he was expecting to speak with Tsipras later on Monday.
Podemos is one of the closest allies of Tspiras’ Syriza party. Asked whether the outcome of the Greek vote would be good for his party in the upcoming Spanish elections, Iglesias said “it was good for the people.”
Yes, cautious…but direct.
But dayum, how perfect; please please please do watch the video; it’s short. I doff my hat to Pedro daCosta: