Grexit Crisis: Update and Reevaluation

Part 2 and follow-up to “Grexit Crisis: EU Disunion or Greater Unification?”

Sometimes the fate of the world hinges on how a seemingly local crisis is resolved or escalates. Nothing happens, however, life goes on regardless of changing circumstances, and the existence of fate itself is dismissed. So it is with Greece.

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The underlying and all consuming economic and political system itself must be not changed but transformed. Today that system is Finance Capitalism triumphant. It devours all political systems from liberal democracies to despotic tyrannies, in turn leaving Corporatocratic Fascism triumphant in politics and governments. People from before Aristotle to beyond Wallace Stevens have observed everything changes yet somehow remains the same anyway. The nature of slavery has changed, and yet, we still have slavery. And so it is with Greece.

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Grexit Crisis: EU Disunion or Greater Unification?

Sometimes the fate of the world hinges on how a seemingly local crisis is resolved or escalates. So it is with Greece.

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Greece and Europa, and yes, the world is at yet another unsteady crossroads. We look at the Grexit Crisis within the context of the Bigger Picture here in this article. The outcome of today’s Grexit Crisis may plunge us further into recession and depression, or begin to turn things around for the working class everywhere. The Grexit Crisis may trip us closer into a nuclear world war, which, seriously, already looms far closer than many realize or most want to think. Or in a much more preferable outcome so rearrange the balance of military and geopolitical power as to make such a conflagration unlikely. The European Union could fracture, as seems likely, as it is primarily a non-democratic financial treaty organization, or draw itself together into a truly democratic political federation where the working classes assert more socialist power.

The leaders of the European Union, under pressure from the Troika, today gave Greece and its Prime Minister Alexis Tsipras five more days to submit another set of proposals. The Troika demanded the new proposals be worded as if the Greek government is, ironically, responsible to save the Eurozone from financial catastrophe and possible economic collapse. It’s as if those political puppets of the capitalist plutocrats are crying, “Save us by further enriching the banksters who engineered this damn mess in the first place!”

The creditors of the Troika composed of the European Central Bank (ECB), the International Monetary Fund, and the European Commission (EC as the executive body of the EU), demand repayment and greater austerity from a nation unable to do either. The Troika has manipulated and exploited Greece and sucked it dry. If anything, the banksters, those pro-Troika gangsters in business suits, praised as educated standard bearers of capitalism, behave as financial vampires. Anchored in bastions of global financial power, they are determined to uphold the domination of finance capitalism as a form of neo-fascist tyranny over Europa. German Chancellor Angela Merkel, the woman who stared down Vladimir Putin and made him squirm in his chair earlier this year, comes across more and more as another cold-hearted Margaret Thatcher. We are all in a global class war, and the Grexit Crisis is a major battle in our struggle.

Much fear and paranoia has been and continues to be projected out into the mainstream mass media as well as some of the alternative ones. The pro-Troika side fears whatever they do or don’t do with Greece will set a bad example for the rest of the Eurozone. If they bail out Greece, then other nations within the EU will expect something similar. If they kick out one nation, then the others would fear being kicked out in the future, too, including for any hidden purpose with debt burdens as an excuse to cover the real reasons. If Greece exits the Eurozone, thus the Grexit, Greece exits the European Union. How else can the Greeks stay in, as the EU is not a political union of equals but the result of an economic treaty between unequal members?

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