'Victoria Nuland has already paid a visit to the Greek prime minister and explained to him that he is neither to leave the EU or cozy up to the Russians or there will be consequences, polite language for overthrow or assassination.'
By Paul Craig Roberts: I doubt that there will be a Greek exit.The Greek referendum, in which the Greek government’s position easily prevailed, tells the troika (EU Commission, European Central Bank, IMF, with of course Washington as the puppet master) that the Greek people support their government’s position that the years of austerity to which Greece has been subjected has seriously worsened the debt problem. The Greek government has been trying to turn the austerity approach into reforms that would lessen the debt burden via a rise in employment, GDP, and tax revenues.
The first response of most EU politicians to the Greek referendum outcome was to bluster about Greece exiting Europe. Washington is not prepared for this to happen and has told its vassals to give the Greeks a deal that they can accept that will keep them within the EU.
Washington has a higher interest than the interests of the US financial interests who purchased discounted sovereign debt with a view toward profiting from a deal that pays 100 cents on the dollar. Washington also has higher interest than the interests of the European One Percent intent on using Greece’s indebtedness to loot the country of its national assets. Washington’s higher interest is the protection of the unity of the EU and, thereby, NATO, Washington’s mechanism for bringing conflict to Russia.
If the inflexible Germans were to have Greece booted from the EU, Greece’s turn to Russia and financial rescue would put the same idea in the heads of Italy and Spain and perhaps ultimately France. NATO would unravel as Southern Europe became members of Russia’s Eurasian trade bloc, and American power would unravel with NATO.
This is simply unacceptable to Washington.
If reports are correct, Victoria Nuland has already paid a visit to the Greek prime minister and explained to him that he is neither to leave the EU or cozy up to the Russians or there will be consequences, polite language for overthrow or assassination. Indeed, the Greek prime minister probably knows this without need of a visit.
I conclude that the “Greek debt crisis” is now contained. The IMF has already adopted the Greek government’s position with the release of the IMF report that it was a mistake from the beginning to impose austerity on Greece. Pressured by this report and by Washington, the EU Commission and European Central Bank will now work with the Greek government to come up with a plan acceptable to Greece.
This means that Italy, Spain, and Portugal can also expect more lenient treatment.
The losers are the looters who intended to use austerity measures to force these countries to transfer national assets into private hands. I am not implying that they are completely deterred, only that the extent of the plunder has been reduced.
As I have previously written, the Greek “debt crisis” was an orchestration from the beginning. The European Central Bank is printing 60 billion euros per month, and at any time during the “crisis” the ECB could have guaranteed the solvency of any remaining creditor banks by purchasing their holdings of Greek debt, just as the Federal Reserve purchased the troubled mortgage backed “securities” held by the “banks too big to fail.” This easy solution was not taken.
The orchestration was a benefit to Western financial interests in general by enabling enormous speculations on the euro and gambling with derivative bets on sovereign debt and everything connected to it. Each successive “crisis,” such as Sunday’s No vote, became cover for an attack on oil or other commodities. The rigging and manipulation of markets can be hidden by pointing fingers at the latest “crisis.”
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A report from Greece indicates that the privately owned Greek media took a stand against the Greek people and for the One Percent:
By Paul Craig Roberts: Yesterday’s demonstration in favor of ‘No’ in Syntagma Square of Athens had gigantic proportions and great fighting spirit.
Instead, the rally of supporters of ‘Yes’ was enormously smaller without breath and passion.
Of course, with the exception of state television, all TV channels mainly or exclusively showed the second (Yes), saying that it is a big demonstration, exhausting every possibility to conceal and distort reality.
A climate of hysteria and terror has been cultivated by all private media (the public ones consist an exception) , which present the ‘No’ vote as an emerging Armageddon. The same media produce a permanent stream of lies and distorted or even more nonexisted statements that nobody in reality manages to confirm or deny.
Former prime ministers, senior military officers not on duty, the archbishop of the Greek Church, have come out in favor of ‘Yes’, saying the ‘No’ vote threatens Greece’s position in Europe and the national security of the country.
The political discourse of SYRIZA remains at a level far beyond what is required by the situation and its practical mobilization is very weak. But there is a deep popular wave of peaceful revolt against the Mighty which is struggling against the fear and insecurity current.
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