The Drop Torture

Today I will not approach the Greek issue from an economic angle. I will try to approach it through the senses of the average Greek, the average European and the average human being. What I hear for the last few months is that Greece is on the verge of default. I also hear that Greeks can't get their act together, that Greeks are costing money to the average European taxpayer, that Greeks are lazy, Greeks are richer than Germans and Greeks are not willing to perform and are audacious enough to keep asking for more money.

Just to remind the world and the critics that Greece had a deficit of 120% over GDP back in 2009 when the crisis first started and her economy was not viable at the time in accordance with Nobel prize winning economic experts. Somehow today, with her deficit having rocketed to 180% over GDP (or in simple words Greece earns 100 but spends 180) our European friends are still making efforts to save this economy. Why? I doubt it is because of remorse for having failed over the course of the last 5 years, i.e. since the administration of our finances had been handed over to the Troika -the experts that is- to put us back in shape, or because they have taken this country literally apart since they have taken over. Because, if that sentiment would have been the prevailing driver behind their ongoing efforts and commitment to find a solution to the Greek economic problem, then they would also be more open to accept the claim for WWII reparations. And if one were also to add the element of fatigue in the negotiations between the European partners and this strange animal called "Greeks" one would not be filled with extreme hope or optimism about a happy ending.

Or are we maybe looking at the tough ending of a love affair between the two? While the European Partners are still claiming the higher ground for having exhausted all their goodness and all their mental and technical capacities in the attempt to assist, Greece is acting like the bitter and spoilt bride that thinks that she still did not get enough. But did she get enough? The figures would tell you "yes" absolutely, she got 320 billion EUR, which she has spent recklessly in the last three decades. Well, leaving the fact aside that 85% of that money went to the rescue of the banking sector and not to the real economy, is she maybe right when she nags? Because 270 billion out of these 320 were lend by private institutions but magically enough one morning of 2009 the private debt through an act of political shortfall converted into public debt governed by English Law, for those who understand.

What happened was a massive fraud with political endorsement. I look up the penal code to find the definition of treason and I wonder why there has been so much silence on the subject. But then again, we are talking about the same legal system that enforced and implemented over years a legal deed that was declared unconstitutional by our Supreme Court. Someone -we all know who but for the sake of conversation will skip this detail- gave up the immunity that the Greek State was enjoying against her lenders, as all prior arrangements were governed under Greek Laws where it was known that it is impossible to execute against the Greek State and consented to a consolidation of all private debt into one new arrangement - yes, the first Memorandum- and to its conversion from private debt into public, alas payable by all Greek citizens, as well as its submission to English Laws where State assets are no longer protected (just as a reminder Argentina's Battle Ship got confiscated once it entered international waters due to its debt to the IMF).

Meanwhile, where we stand today is that Europe is playing the role of a cheated upon husband, as Greece is flirting with other partners in her last attempt to avoid default. Default means the suspension of payments of salaries and pensions to her people. Noble cause I would say, yet Europeans seem to disagree and continue their hardball policy towards Greece, accusing her at the same time for being dishonest. Well, some would argue that honesty goes both ways. Is it me or is this just another episode of the theatre of the absurd? Greece has been diligent in repaying all of her obligations since August of 2014, yet has not collected any of the further funding that was due to her in the previous months. Now, Greece being cash drained and cornered by her ethical partners to succumb and give in to further reforms - keeping in mind - that most of the ones proposed in the last five years have bitterly failed and have brought-in opposite effects to the ones advertised at the outset, but yet the discontent is on the side of the Europeans more than it is on the side of Greece.

What happened to common sense here? Has it been compromised by the fatigue in the negotiations? And why is everyone surprised that Greece is flirting with China and Russia to avoid the last minute default at the same time when our ethical European partners have chosen to teach us a lesson and are torturing us with the water drop method? And what lesson is that? The lesson that the new world order does not accept any deviation from its agenda that is in fact a dictatorship in disguise? Or the lesson that once you dare to go against the NWO there is no room for a glorious position in the newly written history of this planet? Tsipras is in power for less than two months now, and it seems that he will not last for very long either. Varoufakis seems to have been put on a leash, which in many ways is good for Greece as he was promoting his personal ego and narcissism over his political capacity but yet this toning down is perceived by many as the first sign of resignation that has come far too early in the game, wouldn't you agree?