The 'Syntagma sq' factorThe social media and the hard austerity measures that hit the everyday people since May 2010 and the first EU-IMF bailout of Greece, imposing an unimaginable burden and unthinkable "legal rights" to the lenders, have played a major role in people's awakening. The truth is that the current government has experienced a full year of small to no reaction to the first austerity measures. Partly due to people's self-afflicted guilt, part of it due to the orchestrated pro-government local media in Greece. And so, new measures where pushed on, more cuts were made to pensions and wages. Again, and again, and again...
But that was until people decided enough is enough. The demonstrations in Spain this May was the necessary spark that ignited massive demonstrations of historic proportions here in Greece. No political parties involved, no worker's syndicates, no specific groups or flags - except the flags of Greece, of Spain, of Ireland. Against all odds, against provocateurs and zero coverage by the local media (at least during the first days), people continue to gather every single day in Syntagma square, in front of the parliament building.
Now, some 13-14 months since Greece's bailout deal with EU and IMF, people in Greece know exactly what is going on. It's not a bailout, it's not even a loan. It's a wholesale contract, a financial war against Greece and euro, waged by the economic hitmen of hedge funds and banks throughout Europe and USA.
And the people are pissed off. Really pissed off. By their own government, by the EU that betrayed their trust on believing it's a community of countries instead of banks, and by the untouchable financial terrorists that rip Europe apart without any consequences. Greeks do not care anymore if they are "saved" or not, because they know that this essentially means selling off the entire country. They are fully aware of that now. And they just want some heads on the plate.
The super-debt dealOn Wednesday 15/6, massive demonstrations in Greece turned into riot clashes when provocateurs infiltrated Syntagma square and started fighting against the police and against the demonstrators themselves(!) when they tried to flush them out. The government had the chance to go into a full 24-hour alert, leak some fake "hints of intentions" to the media saying that the prime minister might resign within the day, only to end up with a mild restructuring of the government, changing faces but not the austerity policies.
Max Keiser, the notorious figure of "markets-finance-scandal" report in RT channel, was in Athens during the clashes of 15th and broadcasted some very interesting things. Along with him, except from his partner Stacy Herbert of course, Kiriakos Tobras and George Noulas, the two lawyers that filled a lawsuit against Goldman-Sachs and other hedge funds that orchestrated Greece's collapse. These reports say it all. It's pretty much a wrap-up of what caused the economic disaster in Greece and what happens now:
Max Keiser, K. Tobras and G. Noulas on Alex's Jones show on Infowars.com (16/6/2011)
Additionally, Demetri Kofinas, a Greek blogger and radio host in NY was recently a guest in Keiser's show, explaining why and how Greece's prime minister may be prosecuted for "dark" financial deals under the table, months before coming into power and before Greece's bailout plan in May 2010.
"Keiser Report", ep.157, 21/6/2011, RT.com:
In short, the Greek Post bank bought some 1.3 bn euros worth of CDS from US banks back in 2007, which were later sold (in 2010) to financial entities of unclear identity. When Greece started to fall and few months later, these "unclear entities" secured some 27 bn euros in net profit. The deal was brought to the attention of the media and the parliament itself last month when a member of the opposition directly accused the Greek prime minister of acting on behalf of foreign brokers.
The amazing thing is, no charges where filed, even against the accuser (if it was false), the financial institution mentioned by him denied any involvement but no further details where given (not even by the Greek Post bank), and the Noulas-Tobras lawsuit has received a warm welcome in the Greek Lawyers Union when it was presented there a few days ago.
Greece's prime minister is now "charged" by the people, not with incompetence, like it was the case some few months ago, but with blunt premeditated fraud against the entire country. First it was: (a) the bailout plan is good, but it is not implemented correctly. Soon this turned into: (b) the bailout plan is impossible, it gets the entire country into wholesale, with no way out from the economic collapse. Now, it is more like: (c) w.t.f. is this guy doing, setting up "targets" for his "investing" friends from abroad? Recent "discoveries" show that he got into a deal with IMF long before it was necessary (December 2009) and against every promise he made not to do so (general elections, 2009), so the option (c) becomes more and more popular among Greeks now. In any case, the minimum charge that everyone agrees to against him is pure incompetence.
"Other People's Debt (OPD)" is becoming a huge and extremely successful deal here in Greece, with the government's full acknowledgment, if not co-funding. According to D. Kofinas and his report on Keiser's show, the US banks hold some $129 bn worth in CDS deals regarding Greece's default. If that comes, which seems more and more probable, these banks will have a collapse greater than that of 2008. Same thing for EU banks, only here the toxic problem is Greek bonds, primarily in French and German banks, which may experience a 20-40% "haircut" and say "thank you" on top of that.
Now what?In his chat with Alex Jones, Max Keiser said that on the first day of his stay here in Athens (14-17/6) went into the wrong hotel by mistake, right beside his own, at Syntagma square. As he describes in the interviews (see videos above), he met with Steve Forbes, one of the biggest investors and hedge fund owners. When Max asked what does he thing about the situation in Greece, St. Forbes said "...It's a lifetime opportunity. We're going to buy everything. Airports, power companies, water companies, everything. It's a great deal..."
The Greek government is now 18 months without any plan, financial or other, except how to better serve the loans and secure the "investors'" money that are buying everything. The major opposition party is afraid to say it's actually backing up these policies, while the other parties rip their clothes off inside the parliament and on news channels, but plan to walk away from today's vote of confidence in the parliament, granting an easy win for the government now needs only 120 votes (instead of 50%, which is 150 votes).
The fact is that, if left opposition parties walk out, the vote of confidence can be passed with only 120 votes and the new austerity plan (referred to as "bailout 2") can be passed with 128 votes - maybe even 75 votes(!) if all parties walk out, except the governing one. Which means that, essentially, there is almost no chance of any last-moment surprise. Even in this case, any political party that walks away from any of these two critical votes in the parliament (today and later this month) secures an easy win for this government. Also, the recent cabinet restructuring gave the pro-government members the necessary alibi to vote for these new measures, despite all demonstrations and public unrest.
As I have mentioned before (articles in Greek), the cabinet restructuring was the first option from the start for this government. It is buying time, until deep summer comes and people get too tired demonstrating on the streets of every major city in Greece. The new austerity-wholesale plan will be pushed on successfully, but what comes after that is very unclear.
According to the general belief and "confessions" by some parliament members with inside information, EU and IMF have already planned Greece's bankruptcy to occur in 2015, with the full consent of the current government in Greece. By then, all the toxic products will have "migrated" to public assets and pension funds, all valuable public companies and mineral assets will be owned by foreign organizations, and the only ones that will be paying the price of all that are the everyday people of Greece. It's the same, unmistakable trademark of an economic "kill" of a country, as it has occurred time and time again in every single of the 157+ cases that IMF got involved for the "bailout" of an over-debted country in the past.
The level of "success" of this plan, how exactly will be execute and to what extent the people in Greece are willing to let it be implemented, is something to see in the next months and (probably) years. One thing is certain: it does not include people on the streets and it does not react to that in a democratic way.