Greece may finally face down bullying from Eurozone cabal
June 17th, 2012Right up to today’s vote relentless pressure has been exerted by the Eurozone leaders (Merkel, German), the IMF (Lagarde, French), the World Bank ( Zoellick, American), and the EU outsiders (Cameron-Osborne) to bully the Greek electorate into accepting draconian, humiliating and ultimately self-defeating conditions for a bailout to remain within the eurozone. The Greek public have persistently been told that failure to do so would not only be worse for them (however onerous the penalties), but could also lead to the collapse of the euro and (Zoellick yesterday) there could be a “Lehmans moment” producing a global crisis with dire consequences for developing nations. It is vastly overblown and highly misleading. The Greeks may well see through this false dilemma and vote for Tsipras’ anti-bailout party, Syriza, which could well then (given the ripple impact across the whole Eurozone) force a determined attempt to restructure the euro which is long overdue. (more…)
