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Posts Tagged ‘Syriza’

Greek defense minister threatened to «deafening noise of the military»-Griechischer Verteidigungsminister droht mit „ohrenbetäubendem Lärm des Militärs“ | DEUTSCHE WIRTSCHAFTS NACHRICHTEN

Posted by satyrikon στο 17 Ιουνίου, 2012

A little sense of history Greek academics feel in the current situation in Weimar in the thirties, recalls. Even then, the democracy was presented as a highly immature event.

General Frangoulis Fragos besucht seine Truppen. Noch ist er einige Tage Verteidigungsminister und läßt die Muskeln spielen. (Foto: militaryphotos.net)

General Frangoulis Fragos visited his troops. He still has a few days can play defense and the muscles. (Photo: militaryphotos.net)

And even then not all understood, which is what democracy is. It is not surprising that the military can play a few days before the election, the muscles. So far they had kept quite in the background. But now the defense minister suggested in the interim government, the retired general and former chief of land forces, Frangoulis Fragos, at a ceremony in Marasia in northeastern Greece on, will the military look only to a certain degree of chaos. Fragos said: «I hope that democracy works. I will pass my mandate directly to the then elected new secretary of defense. But I’ll also want to say one more thing: Do not doubt the capacity of the Greek army. I repeat: The Army holds back. But there is a strong, silent power that will make a deafening noise, should this be necessary. «

Most Greeks attach such threats no special meaning. You know that the army is at least weakened by the recession like the rest of the country. They certainly are not, however: you can never trust the military, say observers. The presence of Fragos calls the Greeks certainly the unpleasant fact in mind that military coups represent a constant in recent Greek history. It is hoped, however, still a majority that the «peace project €» if not prosperity should have, at least brought a touch more of civilization in the cradle of democracy.

 

Griechischer Verteidigungsminister droht mit „ohrenbetäubendem Lärm des Militärs“ | DEUTSCHE WIRTSCHAFTS NACHRICHTEN.

Posted in ΕΠΙΚΑΙΡΟΤΗΤΑ | Με ετικέτα: , , , , , , , , , , , , | Leave a Comment »

Will Tsipras Blow Up Europe? | ZeroHedge

Posted by satyrikon στο 17 Ιουνίου, 2012

Submitted by John Aziz of Azizonomics

Will Tsipras Blow Up Europe?

The world’s eyes are on the Greek election, and whether or not Greeks will elect New Democracy’s Samaras (widely-assumed to be pro-bailout, pro-status quo), or SYRIZA’s Tsipras (widely-assumed to be anti-bailout, anti-status quo).

The Eurocrats have very sternly warned Greece against voting against austerity. Merkel said:

It is extremely important for Greeks to elect lawmakers who would respect the terms of the bailout.

In recent days, opinion has swung back toward the status quo, with Intrade rating New Democracy’s chances of winning the largest number of seats at 65%, and SYRIZA at just 33%.

While I cannot rule out New Democracy winning, I think that I’d flip those odds. Greece widely reviles German-imposed austerity, but fears the consequences of leaving the Euro — 85% of Greeks want to stay in. A vote for New Democracy would reflect fear of Drachmatization. Meanwhile, a vote for SYRIZA would seem to reflect the idea that through brinkmanship and the threat of Euro collapse, Greece can negotiate their way to a much more favourable bailout position.

So why do I think SYRIZA are the likelier winner? The election is on a knife-edge, so I think the difference might be football.

Greece — against all odds — managed to bumble through the Euro 2012 group stage, beating Russia 1-0 and likely setting up a poetic quarter final against Germany. I think that that victory against Russia will fire enough Greeks to try their luck and assert themselves against austerity.

For Greece, this is an important election. Inside the euro, their heavily state-dependent economy will continue to suffer scathing austerity. Outside the euro, they can freely debase, and — as Nigel Farage has noted — enjoy the benefits of a cheaper currency like renewed tourism and more competitive industry. If Greeks want growth sooner rather than much later, they should choose life outside the euro (and by voting for Tsipras and trying tough negotiating tactics, they will be asking to be thrown out).

But for the rest of the world, and the rest of Europe, this is all meaningless. As Ron Paul has noted, when the banking institutions need the money, central banks — whether it’s the ECB, or the Fed, or the BoE, or a new global central superbank — will print and print and print. Whether Greece is in or out, when the time comes to save the financial system the central bankers will print. That is the nature of fiat money, as much as the chickenhawks at the ECB might pretend to have hard-money credentials.

Tsipras, though — as a young hard-leftist — would be a good scapegoat for throwing Greece out of the Eurozone (something that — in truth — the core seems to want).

The real consequence throughout Europe as austerity continues to bite into state-dependent, high-unemployment economies will be more political fragmentation and support for political extremes, as the increasingly outlandish and unpopular political and financial solutions pushed by Eurocrats — specifically more and deeper integration, and banker bailouts — continue to help special interests and ignore the wider populations.

 

Guest Post: Will Tsipras Blow Up Europe? | ZeroHedge.

Posted in ΕΠΙΚΑΙΡΟΤΗΤΑ | Με ετικέτα: , , , , , , , , , , , , , , | Leave a Comment »

Syriza Takes Advantage Of Spanish Bailout To Boost Its Winning Odds | ZeroHedge

Posted by satyrikon στο 11 Ιουνίου, 2012

On Saturday, when we discussed the impact of the Spanish bailout for other European countries, focusing on Ireland which had promptly requested a renegotiation of its own terms to match those of Spain, we noted that «Syriza’s Tsipras should send a bottle of the finest champagne to de Guindos – he just won him the election.» It appears that the leader of the Greek anti-bailout party wasted no time to capitalize precisely on just this.

From the FT:

Alexis Tsipras, leader of Greece’s leftwing Syriza coalition, seized on news of the Spanish bailout to bolster his position ahead of next week’s crucial general election, which may determine whether the country stays in the euro.

“The developments in Spain confirm the position we adopted from the start – that the crisis is a pan-European problem, and the way it has been handled so far has been socially catastrophic and completely ineffectual,” Mr Tsipras, who opposes the bailouts, told a newspaper.

Antonis Samaras, the pro-bailout conservative leader, said the Spanish bailout terms showed “the benefits of taking the road of responsibility”.

What we wonder is why did Europe cave to the Spanish demands before the Greek elections. Because, paradoxically, by yielding to a bailout plan, which at least superficially has been painted as one without conditions, it just cemented Syriza’s entire electoral platform as having absolute validity.

Then again, on the insolvent continent, nothing really surprises us any more.

via Syriza Takes Advantage Of Spanish Bailout To Boost Its Winning Odds | ZeroHedge.

Posted in ΕΠΙΚΑΙΡΟΤΗΤΑ | Με ετικέτα: , , , , , , | Leave a Comment »

 
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