Approbation à 100 % sur le référendum grec

J’approuve la position de M. Papandreou à 100%.

Il était inacceptable d'imposer un carcan économique aux Grecs, pour sauver les banques françaises et allemandes.

On empêche la Grèce de faire défaut de paiement, pour sauver le système financier, par contre, la Grèce n’étant pas assez compétitive à cause d’un euro trop fort, réduisant considérablement toutes croissances économiques potentielles.

Au deuxième trimestre, le taux de chômage en Grèce était de 16,3%.

 

Plus de 42% des jeunes âgés de 15 à 24 ans sont au chômage, contre 32,6% un an plus tôt.

 

Le taux de chômage des femmes est passé de 15,7% il y a un an à 20,3% contre 13,8% pour les hommes, contre 9,4% en 2010.

 

Source : Le taux de chômage officiel atteint 16,5% en Grèce...

J'ai maintes fois, mentionnées sur ce blogue, c'est le peuple qui a l'ultime pouvoir, non les financiers et  les politiciens qui couchent avec l'oligarchie.

M. Peuple, c'est vous qui avez l'ultime pouvoir, point à la ligne.

Le peuple grec a envoyé un message très clair à sa classe politique, la semaine passée.

Non, c’est notre dernier mot !

Le ministre n’avait plus de choix, c’est le peuple qui va prendre la décision, décision qui ne sera pas facile, car on risque d’avoir des conflits de classe.

Le vieux fonctionnaire qui veut garder son fonds de pension, donc accepter l'argent européen, ou le jeune Grec qui a plus de 40 % de chômage et veut fonder une famille avec un emploi décent pour la prochaine décennie.

Évidemment, nos oligarques ont été  offusqués par cette décision, mais la démocratie revient de droit au peuple, non à ceux qui sont corrompus par le pouvoir financier.

J'ai choisi deux bons articles qui supportent cette initiative, ils ont tendance à ne pas se retrouver dans nos médias traditionnels, qui sont contrôlés malheureusement par ce 1%.

Petite note en passant, j’ai été agréablement surpris que Mark Carney, le gouverneur de la Banque du Canada, estime que le référendum grec était une bonne chose, au moins, ils ne sont pas tous corrompus.


Extrait de: Give the People a Vote on Bank Bailouts? Markets and Politicians Horrified at the Thought, Submitted by Numerian, The Economist Populist, 11/02/2011

Stock markets around the world reacted with horror this week to the news that Greek Prime Minister George Papandreou has ordered that the terms of a proposed EU rescue package worth €130 billion should be voted on by the Greek people in a national referendum. The Nikkei, the German DAX index, the French CAC-40, and the Dow Jones Industrial index all ended the day down 2% or more. The euro took a pummeling on the foreign exchange markets.

Global leaders involved in the Greek rescue talks expressed shock and disappointment that the Greek government would throw into jeopardy the carefully-constructed rescue plans that required approval from all 17 EU governments. The White House press secretary, speaking on behalf of the President, urged Greece to accept the bailout terms as soon as possible. It was US Treasury Secretary Timothy Geithner who first recommended to the EU leadership that it significantly expand its bailout fund from €440 billion to as much as €2 trillion in order to calm global financial markets.

Now let’s step back a minute and consider how ludicrous this all is.

The Greek Prime Minister proposes that the Greek people, who have borne the burden of one austerity package after another each time Greece has approached the EU for help, at long last get to have a say in these discussions.

Politicians everywhere express dismay and surprise that any politician, especially one on the receiving end of the bailout talks, would even consider allowing the people to at long last have a vote in these decisions. Financial markets plummet on the news. Since when did democracy become the enemy of good governance in democratic countries?

This little episode tells you everything you want to know about the ongoing global credit crisis, and why the Occupy Wall Street movement has spread from one city to another around the world.

The fact is that G-20 leaders to a man and woman fear the people.

They do not want them to have any say in the multitude of bailout discussions and decisions that have been breaking out since the credit crisis erupted in 2008. And if they don’t want the voters to vote on any of these decisions, you can bet every single dollar or euro or yen left in your bank account that these same leaders are not telling you the truth about what is in these bailout packages and who benefits from them.

Wall Street knows very well who benefits from these bailout programs. The Greek bailout package to traders around the world is an obvious shell game. The €130 billion will be paid to the Greek government, which will promptly remit the money in the form of interest payments to the German, French and other large banks that hold the bulk of the Greek debt in the market.

Not one cent of this money is going to be spent
on the needs of the Greek people.

In fact, the EU is demanding yet more austerity programs be implemented, cutting the wages of workers, destroying pensions, closing schools, and shutting down hospitals. It is true that the EU is forcing the big banks to write down their investments in Greek government debt by 50%. But austerity for the people is not the same as austerity for the banks. There is no money set aside to mitigate the social pain of yet more austerity imposed on the Greek economy, but that special fund used to bail out the banks directly by the EU is going to be increased from €440 billion to €1 trillion. This is not quite Timothy Geithner’s €2 trillion, but it is large enough to ensure no bank suffers any inconvenience from the Greek bailout program.

Traders around the world have understood all along that it is the bankers, and the global financial and corporate elite, who are dictating these bailout terms. Stock markets everywhere have risen to their pre-2008 highs, and some of them have set all-time highs, because the taxpayer money spent on bailouts is devoted entirely to propping up the global financial system. One might suppose that the politicians who have participated in this process are doing so from an altruistic look at the distant future.

“If we allow one country or one large bank to go down, all of the financial system goes down as well, causing untold misery for billions of people who will lose their life savings.” – so the thinking goes.

A more sinister interpretation would be that politicians everywhere are dependent on the financial industry for their largest campaign contributions, and they dare not deny the banks what they are demanding.

The Greek people at this stage might very well be saying to themselves,

“What’s the difference? I’ve lost my job, my pension, my medical care, and my public transportation. My savings will soon be gone anyway. How much worse is it going to be for me if the big financial banks disappear? I’ve already got what little money I have left out of the system anyway.”

One thing that already is happening with the Greek people is that they have been so down-trodden by their politicians, and are so distrustful of them, that quite a number of political commentators in Greece have suggested that Papandreou’s proposal is a Trojan horse. People sense a trap, because so much depends on the wording of the referendum, which is not revealed yet. It is very different if the people are asked whether they wish to accept yet another austerity program, versus whether they wish to accept another bailout program. It is even more likely that Papandreou will restrict the referendum to a simple question: “Do you wish for Greece to remain in the euro?” The euro is very popular in Greece – it is a palpable connection between Greeks and the rest of Europe. No one wants to leave the euro, and no one wants to be given a choice that implies rejecting a bailout package will automatically require abandonment of the euro.

There are in point of fact some sound economic and policy arguments why Greece should abandon the euro. A reintroduced drachma could be significantly devalued, giving Greece the chance to rebuild its export prowess and attract tourists.

 This type of program worked well for Argentina ten years ago, and more recently for Iceland. Both countries suffered grievously while going through the initial stages of the devaluation and economic collapse, but the pain it turns out was probably not much worse than what Greece is experiencing already through its ever-increasing austerity diet.

Abandoning the euro, however, would be anathema to politicians in Paris and Berlin who are desperately clinging to this one vestige of a unified Europe. As mentioned, it would also be unpopular with the Greek voters, who like the thought of traveling throughout Europe as equals to everyone else. So a referendum on the euro may be just the “trick” Papandreou needs to square the circle, and obtain political cover for new austerity. It could very well be the trap that some voters fear is being laid for them.

Or – the voters could call the bluff of the politicians. “Yes, let’s go ahead and abandon the euro. We don’t want any more bailout money. We agree to default on our debt. We understand there are going to be some very hard times ahead for Greece. We will be much poorer, barely able to afford the necessities of life. We’ll have to band together as neighbors and as a nation just to survive. But we’ll make it through this.

And at the end, we’ll be free – free of the banks, free of the politicians, free of the corporations. We’ll be able to create our own destiny.”

The trap that is being set – if that is indeed Papandreou’s plan – may in the end ensnare Papandreou himself. This is always a problem with democracy. The people may actually, in their collective wisdom, be able to figure out what is in their best interest, and they may be willing to jettison a system that has shown itself to work against their interest time and time again.

Paris and Berlin, and every financial market around the world, have every right to be worried about letting the people in on what has been happening. If Occupy Wall Street is suggesting anything, it is that large numbers of people – maybe a majority – have figured out that what has been happening politically and financially is inimical to the people’s interest. The Greek referendum may be the first bit of proof that the people have had enough of the banks, politicians, and corporations, and are ready for significant reform in all these areas


Extrait de: In Praise of Papandreou's Referendum Decision; Eurocrats Terrified of Democracy; Parade of Cowards, Mish Global Economic, November 02, 2011

I do not know what motivated Greek Prime minister George Papandreou to call for a voter referendum on the Greek bailouts (and no one else does either) with the exception of Papandreou himself.

However, there are some rather interesting possibilities (as well as a simple explanation).

The Slog outlines a scenario that
Papandreou’s bailout referendum bombshell
was inspired by Merkel in order to trigger major losses in French banks, causing France to lose its AAA rating, culminating in a total Merkel victory and German revenge over France.
Wow.
As convoluted and conspiratorial as that sounds, it makes for highly entertaining reading (and it's also well presented). On the other hand, my readers know I am a firm believer in "
Occam's Razor
" which suggests the simplest explanation (the one making the fewest assumptions) is likely to be the correct one.

Certainly, one should never rule out stupidity when that is one of the possibilities. An even simpler explanation is that Papandreou is simply tired of the beatings, and the meetings, and the riots, and has simply decided to "walk away" from the mess by handing the decision over to the voters.

I believe that is the "most likely" explanation even though The Slogpresents a very good case that
 Papandreou Planned this Referendum in Advance
with help of his interior minister.

However, planning for a referendum and being prepared for one in advance (if necessary) are two different things. Thus, I suggest (and so would Occam's Razor) that Papandreou saw a potential need for a referendum down the road, and that potential need turned into reality.

One final puzzling aspect to this mess is that just three days ago Papandreou affirmed his commitment to the EU/IMF Troika solution. So what's up with that? Once again no one knows except Papandreou but I will stick with the assessment there is a simple explanation that is not readily apparent right now.

In Praise of Democracy and Choices

With that backdrop, and with the statement I do not like Papandreou personally, I praise Democracy, and by implication, Papandreou's decision.

Is there any reason Greek voters should not be given a choice? I think not. They may not make a wise choice but what is the likelihood that political hacks and political opportunists will?

Iceland Referendum a Winner

Take a good look at Iceland. In repeated attempts, political hacks (with banker's interests in mind) attempted to sell Icelandic citizens into debt slavery. A referendum saved the day. Sadly, voters were forced to repeat the referendum, and once again voters made the correct decision.


Iceland is now in full recovery simply because it told the EU and IMF to go to hell.


No Easy Way out for Greece

Greece does not have an easy way out. However, its problems are no doubt far worse than if it told the EU and the IMF to go to hell two years ago.

Greece should have gone bankrupt long ago. Heck, it should not be in the EU in the first place, and the EU is primarily to blame even though Greece lied to get in.

Speaking Against Political Hypocrisy

Peter Tchir at
TF Market Advisors
(and one of the best authors onZero Hedge) also praises democracy. Yesterday he pinged me with this set of comments.

If a leader in the Middle East finally gave into months of protest and decided to give the people a real say on an important issue, the Western leaders would be rejoicing. Obama would have a podium and be uttering his support for the Courage of the people who stood up and give the Arab spring his full blessing.

But if a fellow Western leader dares let his people express their wishes more directly than via "their representatives" they are all shocked and outraged. In the meantime other Greek politicians are busy taking advantage to gain power rather than helping their citizens.

Eloquent Praise for Democracy

Pater Tenebrarum at the Acting Man blog eloquently discusses democracy in his post
Papandreou Calls For Referendum On Bailout

Embattled Greek prime minister Papandreou has found a way to stick it to the eurocrats in a most elegant manner: instead of continuing to serve as everyone's favorite whipping boy, he has decided it is time to let the Greek people themselves speak out on the future of their country.

In a surprise announcement yesterday, he told parliament that Greece is to hold its first referendum since 1974 and that the population would be asked whether it wants to accept the conditions of the bailout plan or not.

The eurocracy is at its heart deeply undemocratic – if it were up to the 'technocrats' leading it, national subsidiarity would have long ago become a relic of the past and democratic interference with their plan to erect a socialist super-state would be kept to a bare minimum.

This can be seen by the fate suffered by previous referendums: when the Irish and French e.g. said 'no' and 'non' respectively to the Lisbon treaty, the referendums were simply repeated to get the 'right' result.

As Stalin once sagely remarked, it doesn't matter who votes for what anyway – what matters is who counts the votes.

So far, the eurocrats have always gotten the results that they wanted, by hook or by crook. Lately this has become a bit more difficult, as evidenced by recent decisions of the German constitutional court, whose chief justice Andreas Voßkuhle even went as far as demanding a referendum for German citizens as well if the government wanted to cede any more of its fiscal sovereignty to the eurocracy in Brussels.

Greece is the cradle of Western democracy - it is only fitting that it should upset the EU applecart by means of actually practicing it.

Eurocrats are Terrified of Democracy

Tenebrarum certainly hit the nail on the head and so did Daniel Hannan on The Telegraph with his post
Eurocrats are Terrified of Democracy

Shall I tell you the truly terrifying thing about the EU? It’s not the absence of democracy in Brussels, or the ease with which Eurocrats swat aside referendum results. It’s the way in which the internal democracy of the member states is subverted in order to sustain the requirements of membership.

George Papandreou, the luckless Greek leader, is the latest politician to find himself being chewed up because he stands in the way of the Brussels machine. On Monday afternoon, Papandreou announced a referendum on whether to accept the EU’s bail-out terms. He had evidently had enough of the antics of the opposition party, New Democracy, which kept insisting that Greece remain in the euro, while opposing all the austerity measures necessary to that end – an outrageous stance given that New Democracy ran up the deficit in the first place. Papandreou hoped to force his opponents off the fence: in favour of the spending cuts or against euro membership. Perhaps he also hoped to put pressure on the EU to offer more generous terms.

I wish I could convey the sheer horror that his proposal provoked in Brussels.

The first rule of the Eurocracy is “no referendums”.

Brussels functionaries believe that their work is too important to be subject to the prejudices of hoi polloi (for once, the Greek phrase seems apposite). Referendums are always seen as irresponsible; but, at a time when the euro is teetering on the brink, Papandreou’s proposal was seen as an act of ingratitude bordering on treason.

Eurocrats are prepared to pay any price rather than admit that the single currency was a mistake
– or, more precisely, to expect their peoples to pay, since EU officials are exempt from national taxation. The peripheral countries are to suffer poverty, unemployment and emigration, the core countries perpetual tax rises, so that supporters of the euro can save face.

It’s chilling to write these words, but EU leaders are evidently prepared to vitiate Greek democracy and wreck the Greek economy rather than allow the euro to break apart. Yet even if they succeed in Greece, they may find that their efforts are for nothing. Italian bond spreads yesterday were back at the level that usually triggers bail-outs. We are about to see quite how far the Brussels apparat will go in defence of its privileges.

Parade of Cowards

In contrast to Hannan, Tchir, and Tenebrarum, the parade of bureaucratic cowards terrified of democracy is nearly endless.
Here are some prime examples.

·         French President Nicolas Sarkozy said in a rare televised address on the steps of the Elysee palace in Paris. "The plan ... is the only way to solve Greece's debt problem." (Reuters)

·         Daniel Knowles writing for The Telegraph has this story headline -Peace in Europe lasts just five days as Greece turns to blackmail

·         Dutch Prime Minister Mark Rutte said he would try to prevent the referendum plan, saying he would "attempt to see that it doesn't happen." (AP)

·         Socialist deputy Hara Kefalidou said "I cannot back a referendum which is a subterfuge by a government that appears unwilling to govern." (AP)

·         French lawmaker Christian Estrosi said on France-Info radio that the move was "totally irresponsible." "I want to tell the Greek government that when you are in a situation of crisis, and others want to help you, it is insulting to try to save your skin instead of assuming your responsibilities," Estrosi said. (AP)

·         Nicolas Sarkozy’s spokesman described Papandreou’s announcement as “irrational and dangerous” (Telegraph)

·         Constantine Michalos, the president of the Athens Chamber of Commerce, called the proposal “an act of political blackmail” (Telegraph)

·         Antonis Samaras, the leader of New Democracy, vowed – with splendid disregard for his party’s name – to prevent a referendum “at all costs” (Telegraph)


Ultimate Irony: Papandreou a Fervent Euro-Enthusiast

Here is one more clip by Daniel Hannan on The Telegraph worth reading.

Euro-enthusiasts in Brussels and in Athens are ready to bring down an elected government rather than allow a referendum. Yet the funny thing is that Papandreou is a Euro-enthusiast. He fervently wants to remain in the euro, and had been planning to campaign for a Yes vote. His sin, in the eyes of Brussels, was not to hold the wrong opinions, but to be too keen on democracy. Leninists had a term for people who, while they might be committed Bolsheviks, none the less behaved in a way which endangered the movement. They were called “objectively counter-revolutionary”. Poor Papandreou finds himself in this category.

Help?! What Help?

Of all the cowards, the statement by French lawmaker Christian Estrosi is the most galling: "when you are in a situation of crisis, and others want to help you, it is insulting to try to save your skin instead of assuming your responsibilities."

Whose Skin Are We Saving?

No eurocrat or politician outside of Greece gives a rat's ass about helping Greece.
The only skin they want to save is their own.


That realization coupled with my earlier proposal that Papandreou was tired of beatings, meetings, and riots is by far the most likely reason Papandreou decided to "walk away" from the mess via referendum.

It's a pity he did not do so long ago