Pro-Euro, Anti-Austerity: A Perfect Paradox - The irony is that neither SYRIZA nor Podemos are Eurosceptic – at least not openly! Instead, what they represent is a manifestation of popular rejection of Troika-imposed austerity. As Tspiras said in a public address yesterday, “The bailout is over. Blackmail is over. Subservience is over.”
Unfortunately, Tspiras is either badly mistaken or he’s knowingly misleading voters. For as long as Greece is in the euro, subservience will forever be its fate. As I wrote many moons ago, the introduction of the single currency had one primary purpose:
To slowly, almost imperceptibly, weaken nation-state institutions to the point of total dependence on Brussels and Frankfurt; and ultimately have them supplanted with EU institutions. It is the financial equivalent of death by a thousand cuts.
It was ever thus and all by design. As Robert Mundell, the Nobel prize-winning father of the euro, admitted to Greg Palast, the euro is what allows congresses and parliaments to be stripped of all power over monetary and fiscal policy. Bothersome democracy is removed from the economic system as the wholly undemocratic and Goldman-compromised European Central Bank is gifted the reins of economic power. “Without fiscal policy, the only way nations can keep jobs is the competitive reduction of rules on business.”
As such, if SYRIZA genuinely sought to save the Greek people from the Troika’s kiss of economic death, their only option would be a dignified exit from the single currency. Either that or accept the occasional ECB-provided crumb of sustenance (a little shot of QE here and there) and the slight – and no doubt temporary – loosening of the monetary strait jacket. Meanwhile, Brussels’ ever opportunistic elite would no doubt exploit this new crisis to claw its way that little bit closer to its ultimate goal: fiscal and political union. By Don Quijones.
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