Blackmailing Bankers Now Stage A Coup In Greece

Strangulated Greece now experiences a coup by blackmailing bankers. It’s a show of bankers’ democracy, a worst form of democracy in the Age of Crises. It’s an invasion by bankers.

Honorable bankers have imposed their demands on the people in Greece. It’s their reciprocal democratic measure to the Greek people’s practice with democracy. They love to humiliate people, they love to wreck countries, they love to pauperize people. These acts make them rich and powerful.

The conditions imposed on Greece are already public. It’s a regime of measures aimed at punishing the Greek people, hurting their honor. The bankers are laughing with the pride of powerful: We can do whatever we want.

Casting away all veils of shame and hypocrisy they demanded Greek public property worth billions of dollars to be placed outside of Greece. There was a suggestion that $56 billion (about 50 billion euros) of Greek public assets be placed in an independent trust based in Luxembourg, which would be out of reach of Greek politicians, the proceeds of which from privatizations would go directly to pay off debts. An appropriate bankers’ proposal! The arrogant bankers don’t bother the way their demand actually takes shape: A robbery. Alexis Tsipras, the Greek prime minister, has said: We averted the transfer of public property abroad, we averted the plan to cause a credit crunch and the collapse of the financial system.”

The 17-hour Brussels-bargaining shows very significant parts of a part of the world capitalism and a few facts:

1. Division within the bankers’ camp.
2. Weakness and vulnerabilities within the camp.
3. Vulnerability of the eurozone project.
4. The bankers’ brutal character.
5. The bankers’ intolerance with people’s verdict.
6. Democracy is not universal. There are bankers’ democracy and people’s democracy. Bankers’ democracy is dictatorial in case of people. Bankers’ democracy now dictates the legislative assembly of Greece. A flagrant violation. But the bourgeois democratic world doesn’t find there any trampling of democracy.
7. Limit of bourgeois democracy is narrowing down in the Age of Crisis.
8. Sovereignty of countries is defined and demarcated by bankers. Sovereign power of legislative assembly? Bankers don’t bother with it. They need money.
9. There are limit to powers of bankers. They can’t demolish all resistances. They can’t stand slightest resistance. Resistance with a politically aware, organized people under the guidance of a matured leadership and with united front is invincible.
10. Its geopolitical aspect is very significant.

The bankers had to make compromise. It was difficult for them to reach a compromise. They also had to cede a space: A 95 billion dollars (86 billion euros) aid to Greece in the next three years to keep the eurozone intact, to keep Greece within the eurozone.

The hashtag #ThisIsACoup, says an AFP report, is now trending widely among users of internet in Greece, France, Germany and Britain. They claim: “Greece was effectively being stripped of fiscal sovereignty.”

According to the AFP report KostasKainakis, a marketing lecturer in Athens comments: “Germany is destroying Europe once again”. From Britain, AllanSkerratt, a non-partisan retired soldier and ex-teacher opines: “The Germans could not do it with tanks so now they try it with banks [and are] trying to STEAL Greek assets BrITS MUST vote to get out”. Barbara Lochbihler, a member of the European Parliament for Germany’s Greens party, tweets: “They talk about trust. Only to draft a proposal that is pure humiliation. Brilliant idea.” Paul Krugman, the Nobel-winning economist, writes: “The trending hashtag #ThisIsACoup is exactly right. This goes beyond harsh into pure vindictiveness, complete destruction of national sovereignty, and no hope of relief.” “It is, presumably, meant to be an offer Greece can’t accept; but even so, it’s a grotesque betrayal of everything the European project was supposed to stand for.”

It was a bitter struggle in Brussels. There were extreme conservative forces bent on humiliating and punishing Greece for the weak economy’s stand with dignity. Tsipras said: “We found ourselves before difficult decisions, tough dilemmas. We took the responsibility of the decision in order to avert the implementation of the more extreme aims of conservative circles in the European Union.” Nikos Filis, the parliamentary spokesman for the Syriza, said on ANT1 TV Monday: Greece is being “waterboarded” by eurozone leaders. He accused Germany of “tearing Europe apart” for the third time in the past century. The observation tells the weakness within the eurozone. It’s not the German strength; it’s the strength of bankers as they fear their weakness that they like to hide with their show of strength.

A part of the Greek people’s struggle has come to a point. The episode – fight the bankers’ blackmailing and coup – is political. Its financial and economic aspects will appear in a meaningful way if its political aspect is not missed. It’s bankers’ politics. It’s bankers reign. The bankers’ politics is to be faced with people’s politics. People’s solidarity movement in countries should be widened. Bankers reign should be exposed. The most valuable lesson of the incident is political, the question of democracy. The relation between democracy and economy, and control on economy and politics are to be highlighted among the citizens.

It was a steadfast fight waged by the people in Greece although a part of mainstream media is propagating the deal as capitulation. But they deny admitting that the extreme conservative forces within the EU failed to move with their design: Grexit. They know their weak spot. Next time, the people will stand again with the lessons learned. There is possibility that the awakening will be in countries in Europe. Spain is already experiencing the trend.