Proposal: Start the Occupation of Greece

January 28th, 2012
in econ_news

Econintersect:  Germany has proposed that Greece should cede sovereignty to a Eurozone commissioner to assure that the Athens government executes greek-flag-tattersSMALLproper budget controls and is “put under a strict steering and control system.”  The quote is from the proposal, according to the Financial Times.  The proposal was being circulated among European leaders Friday afternoon (January 27) only hours after a report published by Reuters from Davos said that Eurozone officials were saying that a deal was imminent to avoid a disorderly Greek default.  Reuters referred to statements by finance officials who indicated “key building blocks to resolve Europe's sovereign debt crisis are gradually fitting into place.”

Follow up:

Connecting the dots between Friday morning and Friday afternoon, it’s fair to ask if the “key building blocks” will include the European equivalent of the 1865 U.S. Civil War Meeting at Appomattox.  Will the resolution involve the Greek Finance minister surrendering his sword to a northern European general from Brussels?

Discussions relating to such an outcome have been published by Global Economic Intersection for more than a year.  Here is a reading list for that discussion, along with interesting articles from other sources:

  • Hot news! The wehrmacht failed to take Greece. Now Germany tries again, with a different method. By Fabius Maximus (Fabius Maximus, 27 January 2012)
  • Greece Smolders (GEI News, 23 January 2012)
  • Debt Slavery: Why It Destroyed Rome, Why It Will Destroy Us Unless It’s Stopped By Michael Hudson (GEI Opinion, 4 January 2012)
  • Europe’s Transition From Social Democracy to Oligarchy By Michael Hudson (GEI Opinion, 8 December 2012)
  • Medieval Government Returns to Europe By Dirk Ehnts (GEI News, 20 November 2012)
  • Greeks Fear They Are Losing Their Sovereignty By Sylvia Poggioli (NPR, 27 October 2011)
  • Can Greece Survive? By L. Randall Wray  (GEI Opinion, 17 July 2011)
  • What Should Greece Do? By Elliott Morss  (GEI Opinion, 10 July 2011)
  • Greece: No Deal without a National Referendum By Michael Hudson (GEI Opinion, 2 July 2011)
  • Will Greece be Colonized? By Bradley G. Lewis (GEI Opinion, 29 June 2011)
  • The New Feudalism By Derryl Hermanutz   (GEI Analysis, 7 December 2010)
  • Will Europe Face Defaults? By Michael Pettis   (GEI Analysis, 28 November, 2010)

Sources:  Financial Times and Reuters (Yahoo News); These source articles were found at Econintersect Europe newspaper page.

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1 comment

  1. Greg says :

    Debt begets subserviency!! When will Sovereign Nations learn this lesson?



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