Thursday 23 February 2012

Greece Attacked

The troika – the IMF, the European Union and the European Central Bank - continued their ravaging of the cradle of the Olympic Games and democracy by opening the way to the German bankers’ blitzkrieg against the Greece’s economy. Greece has agreed to cede much of the country's independence which practically turns Greece into an economic and political colony of Germany and its allies. From now on, Berlin will have a say in all economic and political decisions in Greece, from the choice of prime minister to the types of medicines dispensed by pharmacies. The Dutch finance minister, Jan Kees de Jager, has also called for the troika to be given a 'permanent position' within Greece to ensure economic reforms were made. EC commissioner Olli Rehn told the press conference in Brussels the deal included "strengthened monitoring" of Greece's compliance.
The nefarious “economic reforms” aimed at reducing the price of everything in Greece to a level that will make its “privatization” more palatable has sentenced the poor nation to decades of slow stagnation, with its debt-to-GDP ratio predicted to be 160% by 2020.  Meanwhile, Germany and France have already been enjoying the sweet fruits of victory by forcing the Greek government into purchasing German and French made weapon systems and military equipment. In less than a decade, Greece, which has a population of 11 million, has become one of the top five arms importers in the world. Most of the acquired weapons are very expensive sophisticated systems including submarines, tanks and combat aircraft that  were made in Germany, France and the United States.
The arms purchases began before the financial crisis struck in 2009 but even then were beyond Greece's capacity. As a result, when several hundred Leopard battle tanks were bought from Germany there was no money left to pay for their guns’ ammunition. Later, despite her financial situation getting increasingly closer to disastrous, Greece bought 223 howitzers and a submarine from Germany at a cost of $403 million in 2010. Greece has also purchased six frigates from France and became the first buyer in the world to acquire a number of other novel weapons systems, including German submarines that still had some technical glitches in them. But, aside from those technical glitches, the newly purchased equipment has another flaw about them that makes them of very little use to a nation like Greece.
Two previous years of economic and financial butchery by a bunch of much more superior adversaries, in the shape of the IMF, the European Union and the European Central Bank, have turned Greece into a severely wounded cripple. Greece is bleeding right now, both metaphorically and literally speaking. As we read these lines, one of the most ancient nations of Europe is being torn to pieces by her neighbors who are expertly using their wide range of Financial and Bank Credit Instruments, one of the most sophisticated kind of weapon systems to date and the kind of weapons one needs to master well in order to survive in the 21st century.

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