The worst moment in the history of Eurozone took place on 07 July 2015 in Brussels. The common currency union leaders decided that the moment has come to kick Greece out. Although nobody had the guts to officially announce it yesterday the leaders of the 18 Eurozone countries together with Juncker’s Commission made just yesterday the most horrible political decision since the birth of the Union, to break it.
History in bold
The 07 July 2015 will be an awful day to be remembered in the history books of the future. In order to already have a preview, the names that will be strongly linked with the beginning of the end of the EU will be: Alexis Tsipras, Prime Minister of Greece, Jean Claude Juncker, President of the European Commission, Donald Tusk, President of the European Council, Austrian Chancellor Werner Faymann, Prime Minister of Belgium Charles Michel, President of Cyprus Nicos Anastasiades, Prime Minister of Estonia Taavi Rõivas, Prime Minister Finland Juha Sipilä, President of France Francois Hollande, Chancellor of Germany Angela Merkel, Prime Minister of Ireland Enday Kenny, Prime Minister of Italy Matteo Renzi, Prime Minister of Latvia Laimdota Straujuma, Prime Minister of Lithuania Algirdas Butkevičius, Prime Minister of Luxembourg Xavier Bettel, Prime Minister of Malta Joseph Muscat, Prime Minister of Netherlands Mark Rutte, Prime Minister of Portugal Pedro Passos Coelho, Prime Minister of Slovakia Robert Fico, Prime Minister of Slovenia Miro Cerar and Prime Minister of Spain Mariano Rajoy. All those good 21 powerful European leaders, who compose the European elite today, will be remembered in the eternity for letting Eurozone break and a member state rot in poverty in the 21st century.
50 hours to deliver the impossible
If someone hasn’t watched carefully the statements that the EU leaders made yesterday right after the end of the Euro Summit, she should really do it following this link. Then she will be able to empathise with the distinct pessimism of this article, listening with horror to the words of Donald Tusk, Jean Claude Juncker, Francois Hollande, Angela Merkel and the peer. Leaving aside for a moment the style and attitude of the leaders that distinctly reminds Europe’s most obscure eras, Eurozone’s elite together with the European Commission gave Greece 50 hours to perform the impossible, otherwise they will basically leave the country rot in hell for decades.
Euclid didn’t do his homework
Eurogroup, the unofficial gathering of Eurozone’s finance ministers that lacks any legitimised institution status, was also convened yesterday afternoon before the Euro Summit to monitor the progress and prepare the freshman new Finance Minister, Euclid Tsakalotos, for the downhill that lies ahead. Allegedly, the Greek minister came totally unprepared with some draft notes that were leaked and demonstrate that the purpose of his flight to Brussels was just to show his face. Of course this was pretty much anticipated as the continuously unprepared Greek negotiation team for 6 months now has not been able to do its homework properly. What is new though is what the Eurogroup and the Eurozone leaders demand now from Greece.
Tsipras and the European Sfinx
Euclid Tsakalotos and Tsipras’s government have been asked to solve the riddle in 50 hours that nobody in this planet is able to do, other wise the Sfinx will devour this beautiful historic country of the European South. The Greek government is being asked now to perform Hercules’s 12 labours in 50 hours as a final “generous” offer from the kind European elite to keep them on board. Do you think this is an exaggeration?
How else would you judge Europe’s demand towards the eternally unprepared Greek negotiation team, which is facing so many existence linked problems today, to compose a 2 year detailed financial programme described down to every excel cell, funded by a literally unknown fund, ESM and not only that. The prudent European leaders ask for this gigantic plan to be ready in 2 days, not as a first draft but as the magic rod that will convince the most carnivorous sceptical European bureaucrat and politician with thick glasses that Greece deserves to keep doing business in euros.
20 Dijssebloems can’t do it!
If one thinks about it carefully, this is nonsense as it is something that will never work. Not even 20 Dijssebloems, with their impressive studies in Agricultural economics, are able to deliver this task in such a short notice. Alas, it must be seen either as an attempt to humiliate further the Greek state and its citizens or as a result of the major panic and political inability of the European elite to help the Greeks draw a funding plan from the mysterious ESM mechanism, whose keys very few bureaucrats comprehend today.
Asking your colleagues to perform an impossible timely task to test their commitment is one thing and asking them to start walking on the water or else they will be killed is another. And certainly this is not a conditionality any European who can chew gum and walk at the same time would anticipate to be imposed by “la creme de la creme” EU leaders like Francois Hollande, Angela Merkel or Jean Claude Juncker. What happens these days in Brussels is perfect madness, probably the worst result of a nervous and unsuccessful 6 month negotiation.
Europe seeks revenge for OXI
Unfortunately there is more to it though. Watching Juncker’s, Tusk and Hollande’s speech is enough for the most inspired Pro-European to fall into endless depression. “I will exclude no hypothesis” must be the mildest statement of President Juncker at his yesterday’s statement, referring of course to the scenario of Grexit in the case that an agreement with the Greek side is not reached by Friday. Mr Juncker went on stressing that “the commission is ready for everything. We have a Grexit scenario prepared in detail”.
This is the first time the President of the European Commission admits that Grexit is the number one plan of the EU today. So for Juncker’s Commission now Grexit is number one option, second is to let the Greeks rot in hell and to send them some “humanitarian aid”, like the UN was doing in Rwanda, and the third and last option is the “improbable” agreement. It is not so much about the words but also the facial expression the President pulled when he said the phrase “Grexit is prepared in detail” and also the long pause following that. Moreover, the powerful EU leader raised his tone and while hitting his hand on the table he said that “the Greek government was not capable to do this (present their proposal) tonight, it has to tell us where they are heading at, the last moment will be Friday morning, at 08.30 am”.
EU must digest Grexit in 2 days
The President of the European Council, Donald Tusk, gave a speech that was quite direct as well announcing in few words the end of Eurozone like this: “the situation is really critical and unfortunately we can’t exclude this black scenario: no agreement until Sunday. We need to discuss also the consequences for the whole EU and not only for the Eurozone. For us it is very important to know their opinion about possible humanitarian action for Greece. this is the most critical moment in our history, EU and eurozone. The presence of the 28 member states on Sunday is absolutely justified”.
While the two EU top political leaders were bluntly announcing yesterday the break of Europe and the murder, or suicide as they probably see the death of Greece, the Greek “Che”, Alexis Tsipras, was coming out from the Euro Summit in a state of bliss shouting that he is happy about the positive progress and that finally the leaders do not see a Greek problem but a European one. It was literally as if Alexis Tsipras attended in a parallel universe another Summit yesterday evening.
Switch off Greece before leaving on holidays
All in all, as the long planned 5 week holiday plans of the European bureaucrats are starting as of next week and the same goes for the EU politicians at the national parliaments, who will be switching off their mobile very soon in seek of a sunny beach, Europe decided to get rid of the Greek burden right on time; at least for them. Nobody would like to ruin their well deserved holidays to convene Eurogroups and Summits at the heart of the summer. It is well known after all that Brussels in August is as empty as a city can be.
Terrible timing for Greece
If this summer holiday is so important for the good Europeans, why not giving some money to Greece to survive the summer and come up with a detailed ESM programme in September? Is it more preferable to know that they preferred holidays to their critical duties? Is it more preferable to know that one Eurozone and EU member is dying with closed banks, IOUs, misery, poverty and clashes on the streets of Athens while they sunbathe in the Caribbean? Is it more preferable that the whole world knows that Eurozone collapsed in July 2015 because of the common EU “inability”, that Mr Tusk spoke about yesterday, to solve a crisis?
If the European elite can answer the above questions affirmatively then it is certainly not Eurozone that collapses this week but the entire edifice of the European Union. At the end of the day it seems that all you need to destroy Europe is a few wrong people at the wrong positions together with a bit of Brussels summer heat.