June 2024

Greece’s David stuns Germany’s Goliath – Goliath is very pissed off

The outbreak of Ebola in Africa seems to have been snuffed out. But the outbreak of democracy in the EU has caused panic and fear amongst the greedy, self-serving, thieving, wasteful EU-elites. They had hoped to grind the Greek Syriza rebellion into the dust as a warning to other countries that democracy is dead and that they should buckle under the rule of the unelected bureaucrats in Brussels.

The Greeks may have lost their Marbles, but they’ve still got their balls and have dared to stand up to Germany’s attempts to create a Fourth Reich – a single EU superstate under German control.

Here’s one of the reasons our EU-rulers are in a state somewhere between panic and constant visits to the privy. If Greece were to leave the Eurozone and default on its debts, these are the amounts of taxpayers’ money the main European countries would lose:

greece default

Ooops! No wonder Merkel and company have been involved in one of the greatest examples of kicking the can down the road in history by trying to force the bankrupt Greeks to borrow more money to pay back the debts they already owe but can’t repay in a million years.

Our EU leaders cannot or will not see how their actions and words constantly denigrate the common man, all while saying they are promoting democracy and equality. This “ever closer union” they keep blathering about doesn’t promote the people’s voice and democracy, but the power of the central government.

What the EU has been saying (through Junkers and various other bureaucrats) is that national sovereignty doesn’t matter, the future of Greece was less important than paying off the EU, who should never have lent money to Greece in the first place and then who had underhand dealings during the financial crash (forcing the Greeks to borrow even more money to avoid a collapse in the German and French banking systems) that made the entire debt problem worse.  And for all of that, they expected the Greek people to agree to pay out more money than they will ever be able to gather. The EU thought they could get away by offering permanent servitude and are surprised the Greek people rejected the offer.

We should not excuse past Greek regimes for borrowing and spending like drunken sailors. They did. But what’s done is done. This entire debacle is like our Wonga scandals. Everyone understands that someone on benefits can’t use payday lenders and make it work. While it was irresponsible for the borrowers to borrow money for holidays and TVs, it was even more irresponsible for Wonga to hard-sell their loans to people who had no way of paying them back. This is Greece’s story, too.

The Greeks had no choice in this vote. They could vote ‘yes’ and be permanently impoverished by the EU with no voice in their own future or vote ‘no’ and rip the plaster off in one fell swoop, take their lumps now as bankrupts and tell Merkel and company to foxtrot oscar.

I admire the courage of Greek voters. But I fear that the revenge of the Euro-elites will be brutal. The Greek David had better watch out. Germany’s Goliath is in a thoroughly bad mood now after David’s first stunning blow.

(By the way, things seem to unravelling for the Fat Lady of charity. We can expect more revelations over the next few days and this may be the end for fatty and her (IMHO) self-aggrandizing, self-promoting multi-million pound charity scam)

2 comments to Greece’s David stuns Germany’s Goliath – Goliath is very pissed off

  • NoMore

    A last a reversal for the Project! OXI to the EU.

  • Chris

    I think there is only one viable option for all of the lenders and that is to postpone all repayments by say, 6 months.

    However, if they do, the printing presses will be set to panic mode.

    In the 6 months hiatus expect a few more suicided bankers and perhaps some political ‘departures’

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