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Greece...Judgement day is here...A history of tragedy...The marathon negotiation session...European

  • diplomar2491034
  • Jul 14, 2015
  • 4 min read

European elites…determined to overthrow the Tsipras government…and stop the spread of uprising against austerity…

Democracy…It can mean a lot of things…or nothing at all…

Francois Hollande…Greece’s strongest ally in the Eurozone…

The issue of credibility and trust…Can the EU ever trust Greece?

As it was argued by some, the EU is more or less falling apart...

Creditors have undoubtedly achieved their goal of punishing Mr. Alexis Tsipras and his left-wing Syriza Party for their populist antics…This lesson will be also useful if other European governments try to reject creditor terms…It was an effort to suppress the contagion of this anti-austerity movement…The social destruction suffered by the poor in the Eurozone, has been supported by the doctrine: There is no choice…Greece threatens that doctrine…therefore it must be punished…

Prime Minister Alexis Tsipras gave in to almost all of the demands of the European creditors after a 17-hour negotiation…In order to make the Greeks learn a lesson the EU agreement drew some lines on economic reforms such as pushing up tax revenue, privatising the electricity network, opening up the labour market, streamlining the pension system, etc…

Irony and propaganda…According to a leaked document…German officials proposed also that €50 billion of Greek assets to be privatised and moved to a fund in Luxembourg…Consequently, income from the sale of these assets would be used to pay down Greece’s debt…

Greece has to pass the reforms demanded by the Eurozone…the Greek Parliament will adopt laws in order to modify parts of its economy…Now the Greeks will be attached to the tax boosting and the pension cuts that will be easily supervised by the creditors…This indicates more years of stagnation, and an ongoing political threat to Greece's place in the Eurozone…

However, this new bailout also will not solve the problem…Greece and its creditors keep compelling too much austerity on the private economy instead of the government…This debt is an unpayable imagined story that is suppressing growth, and enforcing a severe human cost…A new strategy must be followed…one that is based on public investment and a “relief” aimed at infrastructure and new renewable industries…

As it was argued by some, the EU is more or less falling apart...The EMU needs a heroic change in policies and instruments. Unfortunately, the EU has been catastrophic as far as the policies are concerned, indicating that it has not learned from the past…Also, the EU citizens have been repeatedly showing their mutual distrust as the result of the traumatic situation in the EU and the rose of nationalism…The European parliament is filled with incompatible bed fellows, divided ideologically, often raising nationalist instead of unionist rhythm and thus a crack within the Union. Such schism is in contradiction to the vision of the founders of the union; the union envisaged by the founders should stand above ideological cleavages and against complete ambitions, without egotistical words, but constructive acts...The Eurozone economic trauma revealed the deep disconnection between voters and the institutions trying to find solutions to the problems while it also provided support to the demands of the nationalist rightist parties, whose goal to gain an important position in the EU parliament is putting at risk the freezing of the process of European integration…The "control", "monopoly", and sustainability of Germany depends largely on survival of the Union…The EU community was structured around the German economy for particular competitive reasons. There has been large dependence of the European market on the export economy of Germany...Undoubtedly, the heart of the Eurozone is based on Germany and hence, Berlin will continue to muster all at her disposal in order to save the EU from falling apart…

Greece came forth from the Second World War totally destroyed…no railways, no roads, wrecked infrastructure, and 400,000 were dead from war, starvation and counterattacks. Then there was a civil war…The civil war against the Communists, left the country with psychological scars and wounds that last to this day…After that, Greece was ruled by a US-backed military junta…Now the EU, the International Monetary Fund, the European Central Bank, and especially Germans, are responsible for Greece’s woes…

Successful democracy is strengthened and motivated when harmony is achieved out of tension between the conflicting urges and desires of government and its citizens…It is not an easy task…Greeks need to get involved with the problems of the Greek society…There is lack of confidence in the system and getting people with different views to sit down together is not so easy…However, this needs to be fixed…Organization will make a Greater Greece…But patience is necessary…For a country that gave the world Aristotle and his forever lasting idea of the golden mean…where balance is preferred in all things and excess is to be avoided…it is definitely not an impossible goal…

Greek’s debt crisis left a lesson to learn…One of the worst crises in the history of the European Union…Although the risk of Greece leaving the Eurozone has been avoided; a 'Damocles sword' is still hanging over their heads…

However, we need to look ahead…


 
 
 

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