Europe's emergency aid to Greece, A dual disappointment

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FionaK
view post Posted on 16/5/2012, 17:43




www.nytimes.com/2012/05/16/business...-fund.html?_r=1

Here is one account of where at least some of the money goes: Greece paid millions to "hold out investors" last week. As I understand it "hold out investors" are those who did not agree to trade in their bonds on the deal which underpins the european bail out and the austerity.

It is curious that these companies are not to be sanctioned in any way for their refusal to accept any of the pain in this situation: yet if the people do the same thing they are to be bankrupted.

I was particulary amused to find that Mr Dart has a "foundation" devoted to charitable works.

QUOTE
it has been the Dart Foundation’s preference to make grants in support of youth education programs (primarily science, technology, engineering and mathematics). Other areas of interest have included health, community services and journalism programs that focus on the accuracy of news reporting on scientific and environmental issues.

I wonder where they do that? I suspect it is not in Greece where universities, health and youth education programmes are all being abolished as we speak.

But the icing on the cake is this:

QUOTE
support is given to international projects such as the Dart Center for Journalism and Trauma, a global resource for journalists who cover violence. Now managed and directed by Columbia University’s Graduate School of Journalism, the Dart Center is dedicated to informed, innovative and ethical news reporting on violence, conflict and tragedy.

Business makes business, they say...........

ETA: the Darts are a lovely family. I enjoyed this article particularly

http://www.businessweek.com/stories/1995-0...g-and-foam-cups

The best bit is about Ken Dart, who has moved to the cayman islands for obvious reasons:

QUOTE
Although sources say Ken is devoted to his family, he's apparently willing to forgo their company to elude the taxman.



Edited by FionaK - 16/5/2012, 18:02
 
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FionaK
view post Posted on 16/5/2012, 18:26




Anne Pettifor talking to Australians about Greece

www.abc.net.au/news/2012-05-16/the-risk-to-europe/4015956
 
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view post Posted on 16/5/2012, 20:22
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I find this extremely helpful.

www.bbc.co.uk/news/world-europe-18056677

Quoting in full:

QUOTE
This is less of a blog more of a series of notes to try and enhance understanding of who Syriza and its leader Alexis Tsipras actually are, and how they might behave if, as polls suggest, they become the winning party in a second Greek general election. I've been troubled by the lack of historical depth; and of course my own knowledge is limited to English sources. Get ready to hear about parties and political currents that most commentators believed were insignificant just a few years ago.



1. Syriza is an acronym signifying "Coalition of the Radical Left". It's key component is a party called Synaspismos, itself an umbrella group of the far left in Greece.

2. Alexis Tsipras is the 38-year-old leader of the Synaspismos party, and rose to prominence as its candidate for the mayor of Athens in 2006. Tsipras originated from the youth wing of the Communist Party, the KKE.

3. Greek communism, like most of Western communism after the 1970s, was split into two hostile parties: the KKE of the "interior" and that of the "exterior" - the latter denoting a Moscow-oriented party - the former denoting a Euro-communist, more parliamentary and socially liberal agenda.

4. Initially Synaspismos was the electoral alliance between the two KKEs. But in the early 1990s the main Moscow-oriented KKE quit the alliance, purging about 45% of its members, who then stayed inside Synaspismos with the Eurocommunists. These included Tsipras.

5. Synaspismos then evolved in an interesting direction. Reacting to the rise of the anti-globalisation movement, first of all the party itself became a highly diverse left umbrella group: of Eurocommunists, left-social Democrats, far leftists, and ecologists. It played a significant role in mobilisations against summits, beginning in Genoa 2001 and beyond. Meanwhile the main KKE remained a traditional Communist party, rooted in public sector and manual trade unions.

6. Then, in the 2004 election, Synaspismos came together with other small parties to form Syriza. These included a split-off from the British SWP, a split off from the main Communist Party and another group of eco-leftists.

7. Under Tsipras' leadership, and invigorated by now including the entire left, except the traditionalist KKE, Syriza grew the far left's vote from 3.3% to 5.6% in the 2007 election - giving it 14 MPs.

8. The crisis which broke out in December 2008, after the police shooting of a 15-year-old schoolboy, led to two weeks of rioting by the youth and poor of Athens, and further strengthened Syriza as a left pole of attraction. Though the parties inside Syriza remained in the low thousands of members, many young people began to identify with them - above all in a country where Marxism has massive prestige due to its role in both the anti-fascist resistance and in the 1946-49 Civil War. In addition, those migrants with the right to vote, hearing a rising chorus of anti-migrant rhetoric from the centre as well as the right, have flocked to vote Syriza.

9. Once George Papandreou's Pasok party committed itself to supporting EU-designed austerity programmes, after January 2010, a huge political gap opened up on the left of Greek politics - which arguably forms a natural majority. Only the KKE and Syriza were opposed to austerity and of the two, Syriza had a political leadership of youth, resilience and global vision.

10. (It is worth noting here the character of Pasok. It emerged in the inter-war years as a split from republican liberalism, and while it became a traditional social democratic party after the fall of the Colonels regime in 1974, its forms of organisation, and mass base among civil servants and small business people, lead some to compare it to Argentine "Peronism" - that is left nationalism with a working class base. This affects the political dynamics the moment the Pasok leadership loses its claim to represent "the nation" in conflict with the EU.)

11. As events pulled Syriza leftward and swelled its support, one final split took place that may prove highly significant. Veteran leaders of the old KKE-interior - that is, the Eurocommunists - split from Synaspismos and formed the Democratic Left, led by Fotis Kouvelis - in March 2010. They formed a separate parliamentary group of four until the recent election massively swelled their numbers to 19. At the first congress of the Democratic Left, in March 2011, in an extraordinary move, the then serving Pasok prime minister, George Papandreou, attended. He sat in the front row of the audience and applauded.

12. Now, how to make sense of this, and why does it matter?

13. The mainstream Pasok party split before the May 2012 election. Six sitting MPs joined the Democratic Left, while others tried to form an anti-austerity left social democratic party, led by charismatic female MP Louka Katseli. The latter disappeared without trace. But the Pasok left and its voters now co-exist with the former Eurocommunists in a fairly moderate, anti-austerity but essentially left social democratic, pro-Euro party - the Dem Left - which now has 19 seats.

14. Syriza massively scooped up the votes of leftist, progressive, socially liberal young people, as well as the trade union voters, not specifically aligned with the Communist Party, to gain 52 seats.

15. The Communist Party itself, while growing its vote, did not break out of its traditional demographic base - manual workers, older lifelong Communists with family loyalty traced back to the pre-war workers' movement. The KKE gained 26 seats.

16. In the negotiations to form a government this week the Pasok leader, Venizelos, got the Democratic Left as far as agreeing to a programme to "progressively disengage" from the Troika-imposed austerity. But they could not persuade Syriza to join, and without Syriza, the Dem Left knew it would be the captive of a Pasok/ND coalition.

17. As new elections loom, obviously one possible outcome is the return of voters to ND and Pasok. But the latest polls do not signal this. They signal a growth in support for Syriza, which is seen as a consistent opponent of austerity on the left, and which has narrative and momentum among the traditional base of all other leftist parties.

18. If we look at the demographics of the left, there are the following:

- Anarchist-minded youth, living alternative lifestyles among the poor, who will only vote for Syriza or not at all. (Anecdotally, even some members of the "black bloc" were reported to have joined Syriza, after accepting the futility of constant rioting/counterculture.)
- Middle-class and professional workers, including many public servants who've been hit by tax rises, wage cuts, arbitrary deductions, loss of entitlements and job losses
- Private sector trade unionists ranging from centre-left social democrats through to communists and Trotskyists
- Migrants and the urban poor
- Small businesspeople who were formerly the base of Pasok but who have been radicalised by the tax rises, tax clampdowns and repeated heavy policing of demonstrations, and who are the most likely to be ruined by any long-term structural reform in Greece.

19. The success of Syriza then seems down to its ability to attract voters and activists from all these groups, eating into almost every part of the left including the old Moscow-style KKE.

20. In the process of negotiations over the past seven days, Tsipras and his close advisers have further upped their own credibility by being seen to play the game of constitutional negotiations; sticking to their economic rejection of austerity stance, but in general not going out of their way to alienate, rhetorically, natural Pasok, Dem Left or KKE voters.

21. In the NET poll, taken while Tsipras was making his doomed attempt to form an anti-austerity government of the left, Syriza scored 27% - compared to its election showing of 17% - clearly demonstrating that it had created momentum as the pole of attraction for left voters wanting a showdown with the EU. Pasok was losing ground to both Syriza and the Dem Left. Some KKE voters were saying they would switch votes to Syriza in a second election.

22. When I spoke to leading members of Syriza in summer 2011, they were privately very pessimistic about the possibility of forming a government - even an alliance of all the left including splits from Pasok. At that time they said the most obvious solution would be an above-politics left-nationalist figure, a "Greek Kirchner" or "Greek Morales", and that the absence of such a figure would make it impossible to form what Marxists refer to as a "workers government" - ie a radical reforming government with the participation of the far left, but limited to parliamentary means.

23. Now however, the charisma of Mr Tsipras, the fear of a far-right backlash, the depth of the crisis and the seeming inability of Pasok to recover, may thrust Tsipras himself into the Morales role. Of all the left party leaders he is the least encumbered by a rigid ideology, because Syriza remains highly diverse and internally democratic as a party. And he is tangibly a generation younger than the other leaders. (Pasok's further problem is that its younger politicians tend to be on the technocratic right of social democracy).

24. When I interviewed a Syriza spokesman earlier this year I explored the problem of a far-left party, which is anti-Nato etc, taking power in a country whose riot police have been regularly clashing with that party's youth since 2008. The message was that they would be purposefully limited in aim, and that the core of any programme would be a debtor-led partial default - that is, the suspension of interest payments on the remaining debt and a repudiation of the terms of both Troika-brokered bailouts. What Syriza shares with the Dem Left and Pasok is its commitment to the EU social model: they are left globalists. Hence they could make any attempt to force Greece out of the Euro look, to the Greek population, like a Brussels/Berlin initiative, no matter how it looks to the rest of the world.

25. If, in the next election, Syriza scores 26% it would get about the same number of seats, under the vote redistribution rule, as ND got this time - say just over 100. If, on top of that the Dem Left vote holds up, with about 20 seats, and the Communists retain their 26 seats, that is very close to the 150 they would need for a majority.

26. It is being rumoured that Syriza may soon transform itself into a single party and extend membership to a far left group called Antarsia (which gained 1%) and the Louka Katseli group from Pasok which failed to gain seats, and the Eco-Greens, who polled below 3%. That would extend its reach even further, both to its right and left.

27. Even without a majority, a Syriza-DL minority could attempt a legislative programme that relied on the abstention of some of Pasok's remaining MPs, tacit "non-opposition" form the KKE, and, paradoxically, the non-opposition of the right-wing anti-austerity party Independent Greeks (conservative nationalist). One current obstacle to this is the KKE's historic enmity to Syriza and indeed the entire rest of the Greek left.

Whatever the outcome, the above explains how a combination of historical factors, the position of the EU and a demographic radicalisation of young people propelled one of the furthest left parties in any European parliament to within a few steps of forming a government; and provoking a showdown with the EU that would doubtless see Greece's suspension or exit from the Euro.

At the same time it explains that the resulting government may, in effect, be little more than a left-social democratic government, despite its symbology and the radicalism of some of its voters. By forcing the mainstream parties into positions where they could not express the will of the majority of centrist voters, the EU may end up destroying the Greek party system as it has been shaped since 1974.

 
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view post Posted on 18/5/2012, 09:53
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In the polls, ND has retaken the lead, with Syriza support shrinking slightly.

I can't quite explain or understand this. ND has obviously caused all the chaos and suffering. Perhaps it has to do with reports of massive deposit withdrawals, though siding with your captor isn't going to reduce the chance of a Grexit*, I don't think. (*Greek exit from Euro).
 
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FionaK
view post Posted on 20/5/2012, 12:10




http://www.neweconomics.org/blog/2012/05/1...end-of-the-line

Clearest explanation have yet found in one place: it repeats a lot of what has already been said on this forum: but it is brief and it is lucid. Worth a read
 
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view post Posted on 20/5/2012, 17:07
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QUOTE (FionaK @ 20/5/2012, 13:10) 
www.neweconomics.org/blog/2012/05/1...end-of-the-line

Clearest explanation have yet found in one place: it repeats a lot of what has already been said on this forum: but it is brief and it is lucid. Worth a read

It's very good.

The conclusion is essential:
QUOTE
There are two main routes out of a crash. One is to try as far as possible to cling to the old ways of working. This is the Troika’s preferred route. It has not worked so far, and it will not work in the future.

The other is to impose a sharp break with a failed past. Syriza have been absolutely correct to insist on refusing to make debt repayments, and vowing to end austerity. Neither are for the benefit of ordinary Greeks, or European society in general. They are right, too, to raise the use of unorthodox financing, like forced domestic borrowing – compulsory loans, with those who can afford them as creditors, set at low rates of interest. Preventing the spread of contagion, and the containment of financial crisis, will require capital controls – restrictions on the free movement of capital, either directly or indirectly, to prevent panic spreading. Even the IMF now admits the efficacy of such measures in a crisis. The wealthy must be taxed effectively to cover costs, and banks run in the interests of society, not private profit.

What is needed, in other words, are the first steps away from a failed economic system. The movement against austerity in Europe is growing. Greece could be about to take those first steps out of the wreckage. If a new, anti-austerity government is formed there, the pressure on them to break will be immense. Our solidarity will be crucial.

 
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FionaK
view post Posted on 21/5/2012, 22:58




http://online.wsj.com/article/SB1000142405...wsj_share_tweet

And yet the polls are continuing to see a rise in support for ND
 
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FionaK
view post Posted on 26/5/2012, 11:50




http://www.telegraph.co.uk/news/uknews/imm...-collapses.html

And yet no proposal to control capital flight. Great!!
 
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FionaK
view post Posted on 26/5/2012, 12:22




http://www.guardian.co.uk/world/2012/may/2...-lagarde-greeks

So tax revenues fall when there is no work: and that is evidence that the IMF is right and the Greek people are tax avoiders: despite the fact that the rich, who did not pay tax in Greece just lke they don't pay tax anywhere (though more so) have moved their money out of the country without any hindrance due to rules devised by the IMF and their kind at the ECB etc. So tax revenue falls again

I particularly liked the "whitabootery" which is supposed to divert attention from the poverty in greece by pointing to the poverty in Africa. She doesn't care about that either, of course.

Lagarde is a nasty piece of shit: if she were not she would not have her job....
 
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view post Posted on 26/5/2012, 23:09
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QUOTE
Asked whether she is able to block out of her mind the mothers unable to get access to midwives or patients unable to obtain life-saving drugs, Lagarde replies: "I think more of the little kids from a school in a little village in Niger who get teaching two hours a day, sharing one chair for three of them, and who are very keen to get an education. I have them in my mind all the time. Because I think they need even more help than the people in Athens."

This shit is just evil!
 
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FionaK
view post Posted on 7/6/2012, 13:34




Not really about the money: but this clip of the fascist Golden Dawn spokesperson really has to be watched all the way through.

http://www.zerohedge.com/news/how-greek-ne...ntation-live-tv
 
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FionaK
view post Posted on 11/6/2012, 14:31




It seems that Mr Kasadiaras is to sue the politicians he assaulted for "provocation"

Some things never change
 
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FionaK
view post Posted on 11/7/2012, 15:45




According to the OECD youth unemployment in Spain and in Greece is now over 50% and it is still rising. The spanish government announced yet more austerity measures today: 65 billion worth in a VAT rise of 3% and cuts to regional funding amongst other things.

This seems to be part of the demands of the ECB and IMF for "structural reform". Although it was said that the bail out was for the banks and that made it different there is no doubt that the two things are related and the memorandum of understanding issued in the last day or two, which is the agreement supposed to sort out the bankiing problem, makes reference to other conditions to deal with Spain's "excessive deficit".These measures are just more of the same and they include direct involvement of the "troika" as has been done in greece, though in a slightly different way

Austerity is not working if the aim is to restore prosperity. 50% youth unemployment is not sustainable and it is shameful, frankly.
 
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FionaK
view post Posted on 18/9/2012, 11:12




Yesterday I mentioned that a business analyst group had said that there are "opportunities" for the private sector to benefit from UK NHS privatisations to the tune of £20 billion. Today we have this piece

http://www.ekathimerini.com/4dcgi/_w_artic.../09/2012_461761

In it the person in charge of selling off greece says that the process is an "El Dorado" for the private sector, and anticipates that selling off the gas companies could raise 19 billion euros by 2015

If there is any doubt that the aim is to abolish any source of wealth for the people I think these two statements should dislodge them. The private companies do not pay tax: so the income will not come from there. It will not come in the form of return on the investments made by the greek people. It will not come in reduced prices for the output

[Sings]Oh Jimmy come sell your fiddle, and buy a pint of wine[/sings]
 
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