EU: Greek agony drags on as Asphyxiation Bloc wins

The Telegraph ^ | 6/18/2012 | Ambrose Evans-Pritchard

[bruinbirdman]

New Democracy supporters listen to exit polls

Europe’s establishment is delighted by the victory of New Democracy and pro-asphyxiation bloc. This relief is unlikely to last much beyond today, if that.

Greece’s new leaders have a mandate from Hell. Almost 52pc of the popular vote went to parties that opposed the bail-out Memorandum in one way or another. There is no national acceptance of the Troika’s austerity policies whatsoever.

The hard-Left Syriza party of Alexis Tsipras is arguably more dangerous in opposition, now fortified with big bloc of seats in Parliament. He can lacerate the government without responsibility as the state sheds 150,000 public sector workers, a fifth of the total.

It was for this outcome that the Greece’s elected government was toppled last year in an EU Putsch. We now learn from ex-premier George Papandreou that this was "all Sarkozy’s fault".

France’s leader refused to let Papandreou call a referendum on the bail-out terms (which would almost certainly have passed), and Chancellor Angela Merkel went along with this shoddy act of EU colonialism. The EU threatened, in effect, to cut off Troika payments. The PASOK government was replaced by an EU-appointed technocrat.

A frightening precedent was set, and for no purpose. All the EU has achieved is to replace a truculent Greek parliament with one that is completely unworkable.

As for New Democracy, it cannot meet the terms of each quarterly Troika payment in the future even if it secures the support of PASOK socialists because the terms are – politically – impossible to meet.

Year after year of "internal devaluation" will drive unemployment to catastrophic levels before it breaks the back of the labour movement sufficiently to clear the way for drastic pay cuts. It is basically a Fascist policy. Mussolini pulled it

[Loyal Sedition]

So as I read this, some sort of revolt MUST be inevitable?

If it’s going to screw us up, do it NOW and get it over with!

Maybe it will take O’Bamba down with it?

Guess I am glad my company is prevented from international trade despite the claimed “One world economy”.

Not certain how this really affects me personally, I gave up foreign travel after 9-11 and establishment of the TSA goons.

[Buckeye McFrog]

well if this new government’s mission is to govern against the will of the majority, they could not have a more experienced adviser than Barack Hussein Obama...

[reformedliberal]

Ditto on the foreign travel and shipping.

I won’t ship internationally because the rates are exorbitant
and the customers all want me to lie on Customs forms to make it cheaper for them, even though they are saving by paying in stronger currencies.

I sell to a distributor with customers in Canada and the NAFTA certifications are enough hassle. I can imagine what a one-world trade zone would be like.

[Cronos]

The majority don’t want to pay their bills for the money they got from the Germans etc.