Greferendum: the biggest political gaffe in western modern history to tear Europe apart? #Grexit #Graccident

The man who tried to blow up Greece and Europe in 2015 so that he and his comrades stay in power. Mr Alexis Tsipras, the Greek Prime Minister, launched the historic referendum in Greece on 27 June 2015 (CouncilTVNewsroom, 25/06/2015)

The man who tried to blow up Greece and the entire edifice of Europe in 2015 so that he and his comrades stay in power. Mr Alexis Tsipras, the Greek Prime Minister, launched the historic referendum in Greece, the second in the modern history of the nation, on 27 June 2015 (CouncilTVNewsroom, 25/06/2015)

Once upon a time there was a beautiful historical country that used to be part of the European Union. It became the 10th country to join the block in 1981 and was evolved ever since to become a pole of stability and growth in the Balkan region and serve crucial geo-strategic interests in the Mediterranean. The introduction in the chapter of Greece in the history books about Europe in 50 years from now could be similar. What would be difficult to foresee are the words the historian of the future will refer to the clumsiest political mistake that irrevocably and suddenly showed in 2015 Greece the way out of Eurozone and possibly of the block.

Greek crisis

The Greek financial and debt crisis has been in the spotlight of the world for quite some time now. We have been monitoring very closely the gradual escalation and deterioration of the negotiations of the European Union with the newly elected leftist government. There is always something to say before and after every Eurogroup and EU Summit while at the same time the bomb is ticking fast towards the final deadline of the 30th of June, when the Greek bailout programme expires and the country enters a real financial limbo. Last week there were some good positive signs of a final agreement to be reached. Nevertheless, this newspaper had predicted that the sides will not sign any agreement last week and unfortunately we were right.

Greferendum

While the world was anticipating yesterday’s Eurogroup as the meeting that would finally decide on Greece’s future, the Greek Prime Minister Alexis Tsipras felt like stealing the show. In a unique move in the history of politics in the developed world the youngest premier in the Greek democracy took the microphone a bit after at the early hours of Saturday and he absurdly declared the country in a “state of war”. The fearless Greek political leader basically denounced the proposed agreement with the European Commission, the European Central Bank and the IMF and called the Greek citizens to do his job, to rather cut a deal with the creditors on their own?

However bizarre this might sound, Mr Tsipras totally blew it yesterday, by announcing the #Greferendum; a referendum towards the Greek people, the second in the country’s political history since the 1970s, to be executed in just one week’s time and the question being the following:

“According to relevant decision and suggestion of the council of ministers to the Greek Parliament, after recommendation of the Prime Minister, during the process of the suggested referendum, the Greek people will be called to decide with their vote whether there should be accepted the agreement plan proposed by the European Commission, European Central Bank and the IMF in the Eurogroup of the 25/06/2015 and is composed by two documents which compose the proposition on which the referendum is presented: the first document titled “Reforms of the completion of the Current Program and Beyond” and the second “Preliminary Debt sustainability analysis”.

Those who reject the proposal of the three institutions VOTE NOT ACCEPTED/NO

Those who accept the proposal of the three institutions VOTE ACCEPTED/YES”

Absurdity

Does this sound like a question you think that the average Greek is able to comprehend and vote for/against? If not, do embrace yourselves for what you hear next. Despite the unorthodox nature of the referendum question and its confusing wording for any citizen in this world, it turns out that neither of the two documents referred to are official agreement documents signed by the EU side. Instead, those are extensive documents that were presented by the government to the Greek parliament yesterday and are mainly consisted of draft notes exchanged between the two parties during the long negotiations between the Southern European country and its creditors.

So, the “political ingenuity” of the Greek government currently decided it would be essential that 11,000,000 citizens will have to judge two technical macroeconomic technical documents that they will never be able to see or even so understand. What is more, the “responsible” Prime Minister called the Greek citizen to answer a clear NO and so did his “comrades” in the leftist party of Syriza. They are even planning to campaign around Greece next week to travel and make extra governmental route costs in a country where the gasoline in the tanks of the cars and the groceries at the supermarkets will start running out as of tomorrow.

This is Sparta

It seems that the hardcore leftists envisage that they will be able to reach out their electorate around the country while the ATM s will not be working and anarchy will be ruling. However sick this may sound, the Greek politicians that govern that country in the European south today believe that on top of that the creditors will be “scared” and come back to them with an “easy” proposal instead of stringent austerity. Mr Varoufakis, the non politician and of doubtful political intelligence Finance Minister, underlined during a press conference yesterday that he really “HOPES” the institutions will back off and will present last minute  a new “magic” easy to digest agreement proposal by Tuesday, when the current programme expires.

Sadly for the leftist ultras of Greece, the President of the Eurogroup, Jeroen Dijsselbloem said openly yesterday that it came as a surprise to the debtors that Greece suddenly left from the negotiation table announcing the referendum. He also rejected Greece’s latest request to extend the existing programme for a few weeks, so that the referendum operates smoothly. He seriously warned about the “tough times” that the Greek government will have to manage on its own from Tuesday onwards. Last, he made it clear that Eurozone and the European Central Bank will take all possible measures to defend themselves from an inevitable Greek default.

All this at the same time when the Greek parliament voted in favour of executing of the referendum yesterday with a vote of 178 to 120. To be noted that except the government, the Greek Nazi party, Greek Dawn, also voted in favour, taking the opportunity to benefit from this polarisation of the electorate in order to worryingly increase perhaps their power and rhetoric.

“Hanging” the Greeks

This is clearly the biggest crisis unfolding in Eurozone since its very existence. Greece was among the first members to join and apparently will also be the first to exit it. Eurozone’s weaknesses and EU leaders’s stubbornness towards austerity aside, Greece officially committed suicide yesterday. Following obscene and unreasonable hard core leftist tactics Mr Tsipras literally put the rope around the Greeks’ neck threatening that he will kick the bucket if the elite of Europe does not reconsider austerity.

All in all, history will always remember the brave and the bold. But how far is really braveness from stupidity? In principle the borderline is thin but in this case one could say that it is just not there. Tsipras and his comrades never seize to think even today that by showing bravery and suicidal behaviour, of the level Leonidas showed, they will be able to push the European political elite to reconcile with less fiscal consolidation and structural reforms.

Stopping tanks with flowers

Convincing a Europe that is not run today at all by great inspired political personalities with a concrete vision but by bankers and analysts with thick glasses, who see as far as their pay check at the end of the month, is certainly not a piece of cake. The large inability of the Greek politicians though or anybody else to empathise and understand this new world order makes them inescapably incompetent, naive, dangerous. Tsipras launched yesterday a salto mortale gamble with 11,000,000 lives in the most unprofessional, absurd and irresponsible manner.

He will be judged by history for this political gaffe and Greece will face capital controls, panic and social division next week until the referendum of 06 July, at least. It remains to be seen now whether the bankers that rule Europe have a good plan first to save the rest of Eurozone from contagion and also to show well deserved sympathy for the Greek people.

The Greek drama begins just now.

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Featured Stings

On International Youth Day the European Youth Forum calls for true youth participation

How bad could British healthcare get for its citizens abroad post-Brexit?

A Sting Exclusive: “Delivering on the Environmental Dimension of the new Sustainable Development Agenda”, Ulf Björnholm underscores from UNEP Brussels

Migration crisis update: The “Habsburg Empire” comes back to life while EU loses control

EU seems to fail its moderate migration promises postponing them for end 2015

IMF – World Bank meetings: US – Germany clash instituted, anti-globalization prospects visualized

G20 World Exclusive Interview: “The world, especially emerging economies and developing countries, require a more sustainable and quality development”, the Spokesperson of Japan underscores live from Antalya Turkey

The EU Parliament sidesteps the real issues about banks, while the US target the Eurozone lenders

It’s Trump’s anti-globalization and inward-looking rhetoric that perturbs GOP and US

An FTA between EU-US to hurt South Korea

EU prepares for the worst case scenario as Turkey seems to be withdrawing from the migration deal

A neo-liberal toll free Paradise for the super rich and tax hell for wage earners

New VAT rules in the EU: how a digital sea could have become an ocean

Bank resolutions and recapitalisations by the ESM may end up politically swayed

Can the national and age groups pockets of unemployment cause irreparable damages to Eurozone?

Eurostat: Real unemployment double than the official rate

MWC 2016 LIVE: GTI shifts to phase two – 5G – after hitting milestones

Recession: the best argument for growth

The Eurogroup has set Cyprus on fire

EU, Brazil to hold high level Summit in Brasilia

Migration has set EU’s political clock ticking; the stagnating economy cannot help it and Turkey doesn’t cooperate

The four top Americans who flew to Europe perplexed things about Trump’s intentions

A Sting Exclusive: “Our ambition is by 2020 Indonesia to become an emerging power of World’s Maritime Access”, reveals the Chargé d’Affaires at the Embassy of Indonesia in Brussels, treating WEF, ASEAN and EU-Indonesia relations on the eve of the World Economic Forum East Asia 2015 in Jakarta

Draghi drafts a plan to donate more money to bankers, the era of ‘money for nothin’ is flourishing

Any doubt?

The European Sting at the Retail Forum for Sustainability live from Barcelona

Five years down the drain

Who is to pay the dearest price in a global slowdown?

Memoirs from a unique trip to China: “my new old dragon” (Part II)

Draghi: printing a full extra trillion non negotiable to help all borrow cheaply

Campaign kicks off with High-level Event on #FairInternships

Do academia and banks favour a new Middle Ages period?

Google strongly rejects EU antitrust charges and now gets ready for the worst to come

The Eurogroup+ is born to govern the EU Banking Union

Varna (Bulgaria) awarded European Youth Capital 2017

At the edge of humanity: refugee healthcare in Greece and the EU

IMF v Germany: Eurogroup keeps the fight under control

EU seeks foreign support on 5G from Mobile World Congress 2015 as the “digital gold rush” begins

Eurostat confirms a dangerously fast falling inflation in Eurozone

Is the EU’s enlargement over-stretched?

G20 LIVE: “International communities and leaders have great expectations for 2016 G20 summit in Hangzhou China”, Mr Wang Xiaolong, the Chinese Foreign Ministry’s special envoy stresses live from G20 in Antalya Turkey

Will Turkey abandon the refugee deal and risk losing a bonanza of money?

Snowden is the “EU nomination” for this year’s Oscars

Young students envision turning Europe into an Entrepreneurial Society

Dangerous Trumpism in the Middle East with an anti-European edge

Grexit no longer a threat but how to manage a “tutti frutti” government if not with fear?

The Sting’s Mission

Desires for national independence in Europe bound by economic realities

Germany fears that Americans and Russians want to partition Europe again

UK economy in dire straits: leading banks now officially plan to Brexit too

European Business Summit 15th year: Controversy and Constructive Ideas

Eurozone set to abandon monetary and incomes austerity and adopt growth friendly policies

The 13th round of TTIP negotiations hits a wall of intense protests and growing concerns

China’s stock markets show recovery signs while EU is closely watching in anticipation of the €10bn investment

Who really cares about the 26.2 million of EU jobless?

MWC 2016 LIVE: T-Mobile US reveals 5G trial plans

CDU-SPD agree the terms for EU’s Banking Union

Pharmaceuticals spend millions to push TTIP while consumer groups spend peanuts

Light at the end of the Eurozone tunnel

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s