Thursday, October 7, 2010
My view on the Greek Crisis.
Is Greece just a corrupt failed country, that struggles to keep it’s economy in order? Or what is happening in Greece today is a well orchestrated attack, a financial war against the nation, that could spread to the rest of Europe?
Make no mistake, Greek politics are full of corruption, but one need to look at the modern history and geographic position of the country to realize the root of the problem.
Apart from the troubled and violent recent history of Greece, a huge role played it’s strategic geopolitical location. Greece has often been caught up in the conflict of interests of the known superpowers of each era, as it lies in an area of huge interest and importance, the Balkans. And it is known that they meddled with our internal affairs and politics. That helped a corrupt elite to be established, many times supported by external players.
The Ottoman and Byzantine remnants are also very crucial, as our political system is inevitably influenced by them. So we are caught in a situation that is being perpetuated and supported by corruption, and global political games.
Greece could be a very rich country as it has huge amount of resources. It’s climate, the fertile earth, the underground wealth and minerals, it’s landscapes, plus an educated multilingual youth, combined with it’s strategic location. If we add its links with Europe, the middle East and the former USSR states, it should be a investor’s paradise, a place that anyone would like to work and live. Sadly it has rather become over the decades a place that is almost ruled by no one.
But now we see a new threat to Greece’s sovereignty : the Markets. They have gained so much influence and power, that they threaten whole nations. And Greece, one of the weakest links in Europe and the “developed” western world, is just the first test in my opinion.
If their attempts are successful in Greece, more countries in Europe will follow. Our governments bow to the bankers and their demands, despite the protest of their people. The tax payers money is being used to bail them out, while they treat countries like companies. Each country is a corporation, that they think they can make it go bust or boom for their profit. Gamble with countries and nations, as they do in the stock markets.
In a way, Greece has been targeted by organized financial terrorism, and it is only to induce fear and submission to the Greek people. So they will bow and obey to the will of what the Markets and the investors demand, according to their interests in the region.
Greece is being dragged into high interest repayments that will cripple it’s economy and it’s people for decades to come, so that those people who orchestrated the crisis will make a profit, not just by the failure of Greece. But also the failure of it’s shared currency the euro in some extend.
Greece is being caught once again into a financial this time war, just because of it’s currency. In the past enslavement came upon a nation with bullets, bombs and tanks. Now days, enslavement comes with shares, bonds, and huge loans for bailouts. And Greece is just the beginning, we already see the list of potential targets. Portugal, Spain, Italy and Ireland are already in it.
Even if the blame lies mainly with the incompetence and mismanagement of the Greek political elite over the decades, in my opinion the same elite was just copying their European counterparts. Most European leaders were following the same policies, inspired by the other side of the Atlantic: cheap and easy money to spent, creating more money to spent by borrowings and lending, creating bubble economics.
Now it is the people that will pay the price and will be forced to take cuts, while being dragged into a blame game between public and private sector, creating divisions within them. Divide and rule politics of this new era.
My only hope is that the people of Greece and of Europe in general, will start reacting and pushing for reforms and not stand passively. Because the effects of this tricky era, will last for years to come and those effects will be difficult to reverse. You can free yourself from an occupier and an oppressor of your country. But how can you get rid of the huge debts that you are forced into?