- Does the Greek Bailout Pave the Way for the United States Of Europe?
by Mahdi Darius Nazemroaya, Mint Press News, via http://www.globalresearch.ca/
Illusions are at play in the modern tragedy that is the Greek economic system, particularly when it comes to notions of who benefits most from the latest bailout.
SAINT-JEROME, Quebec –— Modern Greek tragedy is at play, and so are illusions. The big myth is that Greece overspent and the Greek government was reckless with its budgets, ultimately indebting Athens. It is true that Greek officials tried to gain influence and political support through spending. It’s also true that they signed lucrative contracts with local businesses.
Athens, however, is no exception here; this type of conduct has been displayed by politicians throughout the European Union and around the world.
The fact is that this is not what created the economic crisis in Greece. What is really taking place in Greece and the eurozone is something altogether different. The Greek bailouts appear to be part of a rigid restructuring of the EU that is placing other members under the control of Germany.
Banker Bailouts versus National Bailouts
We are not dealing with national bailouts for failing economies, but with banking sector bailouts. Almost all the money that has been given to Greece, Cyprus, Ireland, and Portugal has gone to the banks of the creditor lenders.
In his 2013 documentary “The Secret Bank Bailout,” German investigative journalist Harald Schumann documents how the peoples of Ireland, Cyprus and Spain were not bailed out. The biggest recipients of the Irish bailout that saved Anglo-Irish Bank were British, French and German banks, including Union Investment Privatfonds, Rothschild et Compagnie Gestion, and Deutsche Bank. German and French banks accounted for 50 out of the 80 bondholders. The blogger Guido Fawkes revealed that the Irish government was protecting German investors when he published a list of the bondholders that he had obtained from an insider.
- The Greek bailout is for Germany and Western Europe, not Greeks
Not only is it more than likely that German banks and creditors are the benefactors of Greek bailout(s), German corporations are also part of the picture. While the austerity regime that forced the Greek people’s living standards to fall has reduced their wages by hundreds of millions of euros, Greek media reports started mentioning that the Greek Administrative Court of Appeals ruled that the biggest tax evader inside the country was Germany’s biggest construction company, Hochtief Aktiengesellschaft.
A United States of Europe?
The Greek tragedy also has a strange twist. Where there is crisis for some, there is opportunity for others.
France has proposed that the 19 EU members in the eurozone form their own federal government complete with a single budget, one treasury department/ministry, and a unified parliament as a means of tackling the economic crisis in Greece. French President François Hollande penned an article in the Journal du Dimanche last month, calling for the formation of what is essentially a “United States of Europe” that would effectively relegate all existing governments in the eurozone into provincial or state-level governments.
Hollande’s proposal signals the consolidation of what appears to be German control over Greece and the other countries of the EU.