Friday, January 12, 2018

F. William Engdahl -What Stinks about Varoufakis and the Whole Greek Mess?

When put out a video by Yanis Varoufakis here recently I had some people saying that Varoufakis was part of the problem, not the solution (I'm paraphrasing). Well, in this article F. William Engdahl really does lay into Yanis Varoufakis for letting Greece down and selling the country out to the  mega banks,Troika–ECB, IMF and EU.  Putin had offered Greece a superb deal to leave the EU and join BRICS, but would have anyone been brave enough to take that option and would the Greek ruling elite ever allowed him to do it? 

Were Varoufakis the man he pretends to be before his Greek countrymen, he would have set forth a strategy of Greek exit from the Euro and a strategy akin to that of Iceland to declare a debt moratorium, freeze all debt repayments to the Troika–IMF, ECB and EU. Then he would put Greece on a national currency, impose capital controls and seek strong economic ties with Russia, China and the BRICS countries.

Indeed, when Greek Prime Minister Tsipras was in St. Petersburg in mid-June to meet with Russian President Putin, Putin extended a very generous offer of prepayment of $5 billion towards the Greek participation in the Turkish Stream Gazprom pipeline.

That would have given Greece breathing room to service debt repayments to the IMF. Brussels and Washington of course were not at all happy with that. Putin then offered Greece membership in the new BRICS development bank which would allow Greece to borrow to get out of the worst of the crisis without more savage austerity. That of course would bring Greece closer to Russia and also to China, something Washington and Brussels oppose with all their might. But rather than accept, Greece and Varoufakis walked away from a solution that would have avoided catastrophe as it is now unfolding.

At this point it indeed looks as if Varoufakis’ role has been to act as the Western bankers’ Trojan Horse inside the Greek government, to prepare Greece and the Greek people for the slaughter, all the while posing as the tire-less fighter for Greek interests, all without a neck tie, of course.

NEO's a good article but i wonder if anyone could have been brave enough to do what F. William Engdahl says he should have, taken Greece out of the EU and join in with Brics. Putin offered Greece an excellent deal. 

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