the new Greek flag
If there is one bit of good news it's that former finance minister Yanis Varoufakis, and 38 other SYRIZA members, voted against the damned thing. Varoufakis yesterday published the "Greek Terms Of Surrender" complete with his notes which condemn the dirty deal point by point. In it he dubbed the agreement "a new Versailles Treaty" for good reason: for Greece, the agreement which effectively abdicates sovereignty to Germany, is precisely that.
Addressing members of Parliament (MPs) ahead of tonight’s crucial vote, the prime minister Alexis Tsipras said: "Whoever has an alternative [solution] should come and tell me." Well i've been telling him for months, but i guess Tsipras doesn't read The Mud Report. You may say "i'm a dreamer, but i'm not the only one", here's Ellen Brown's essay 'Grexit or Jubilee? How Greek Debt Can Be Annulled' published yesterday which, after explaining 'how to' clearly, concludes:
"For Greece, leaving the EU may be perilous; but it opens provocative possibilities. The government could nationalize its insolvent banks along with its central bank, and start generating the credit the country desperately needs to get back on its feet. If it chose, it could do this while still using the euro, just as Ecuador uses the US dollar without being part of the US. (For more on how this could work, see here.)"
"If Greece switches to drachmas, the funding possibilities are even greater. It could generate the money for a national dividend, guaranteed employment for all, expanded social services, and widespread investment in infrastructure, clean energy, and local business. Freed from its Eurocrat oppressors, Greece could model for the world what can be achieved by a sovereign country using publicly-owned banks and publicly-issued currency for the benefit of its own economy and its own people."
Tsipras was bullied and blackmailed into agreeing to this odious agreement. But the fact he agreed to it, despite his beaten dog look, shows he was in over his head from the beginning. This is a dark day for every person everywhere, except The Bankers and Billionaires Club where the bastards are toasting another victory for money over principles.