In reporting Günter Jauch’s talk show on the crisis on Greece ‘Die Bild’ saw a very different programme to the one I watched. According to the newspaper Syrzia’s, Theodoros Paraskevopoulos, continually interrupted Dr. Edmund Stoiber, in particular. When in fact we had one man trying to put forward genuine arguments vis-a-vis three, or four if you include Günter Jauch, rather limited, and quite pigheaded, antogonists.
Still that is not how Germany’s most popular newspaper interpretated the proceedings and we are told of Dr Edmund Stoiber emphasizing that other countries have swallowed the pill and are now on their way to recovery. The German viewers ‘Weltbild’ was complete and here we are still listening to the myth of lazy, undisciplined, dishonest Greeks, and why should the Italians, and the Spanish, and the Portugese, and the Irish, etc. etc. buckle down if these lazy, undisciplined, dishonest, Greeks don’t take their austerity medicine. They even have the audacity to disobey the IMF which, according to the ‘Herr Doktor’, did such marvelous work in Indonesia. Hasn’t read Joseph Stiglitz’s ‘Globalization and its Discontents’ I would have to assume and didn’t the IMF really mess up in East Asia in 1997, but then don’t they usually mess up?
However, better get back to what this is really all about and what better place to begin than Bavaria’s ex-Minister President’s choleric raving that the EU is not a political union. I always thought that it was and, even if what ego thinks is neither here nor there, we would do well to return to Joseph Stiglitz who writes in today’s ‘Guardian’, it’s not about the money. It’s about using “deadlines” to force Greece to knuckle under, and to accept the unacceptable – not only austerity measures, but other regressive and punitive policies”.
Yes, it is political and that is what Philip Inman, ‘The Guardian’s’ economic correspondent, would appear to be saying when he says, “less than 10% of the bailout money was left to be used by the government for reforming its economy and safeguarding weaker members of society.” with €140bn of the original €240bn being spent on paying the original debts and interest. In other words Greece gave those banks and institutions back the money that they had been given by those banks and institutions …… and, they paid, lots, and lots, of interest.
We are entering the end game and Greece certainly worries them. The charade has been exposed in world where there is no surplus recycling mechanism the banksters, their henchmen, handmaidens, and cronies seek to line their pockets while controlling all and sundry, let us await the Greek referendum with bated breath. Let us all decide if we want austerity, because this is not about economics, it is about the kind of society all of us want to live in and, Dr Stoiber, that means, of course, also in Ireland, Italy, Portugal, and Spain.