“It exposes the European project as a power grab by unelected elites”

An article examines the “ugly heart” of the EU project and unmasks the EU for what it is, “it looked as if the Grexit crisis that had occupied the world’s attention for weeks was finally heading into the final stretch. Under pressure to comply with creditor demands, on Thursday Greece tabled a proposal that contained harsher austerity measures than the proposal that the Greek people had overwhelmingly rejected by referendum just one week prior. Prime Minister Alexis Tsipras then quickly garnered parliamentary approval for his proposal, to avoid the country’s economic collapse, returning to the negotiating table”.

The result as we are now aware was total Greek surrender, “It was total and complete capitulation — the white flag, if you will. Surely, it seemed by Friday morning, an agreement was close at hand. But once Greece was at the table, something strange happened. The creditors upped the ante, looking for Greece to sign up to even more draconian and harsh terms. After hours of bickering, the negotiations ended with no conclusion and yet another ultimatum backed by Germany and its allies in the Netherlands, Austria, and the former eastern Bloc: either Greece accept the Eurogroup’s latest, more austere proposal for a bailout, ratify this series of reforms through Parliament by Wednesday or leave the eurozone “temporarily.” The demands included spending cuts, accelerated privatization, resolution of non-performing loans in the Greek banking system, and many other measures, all to be accomplished under the watchful eye of the Troika to ensure compliance”.

Crucially he makes the point that “the ultimatum Greece now faces also demonstrates the disregard of the euro system for any right to national sovereignty Greece may have as a member of the monetary union. It exposes the European project as a power grab by unelected elites at the European Commission and at the European Central Bank. For the first time ever, the whole world is realizing that not only does the European Union require a gradual fading away of national sovereignty as economic harmonisation advances, it also involves an abrupt, violent, and complete loss of national sovereignty on the occasion that a country’s economy stumbles and requires assistance. The Greek government is desperately trying to secure language in the final draft of an agreement with its creditors that its Parliament can stomach. But then it has the unenviable task of bringing whatever it secures back for a vote”.

Of course many have been saying this for years, that the EU was always just a project for the large countries to control the “small”. Those who support the EU argue that it brought peace to the European continent but this overlooks the USSR on the doorstep of the continent and the horrific acts that took place in the Second World War. Not only that but the whole EU was begun in order to control, or tie down, Germany. The irony is that all it has ever done is to make Germany stronger. The whole euro was a French idea on condition of German unification when it was meant to weaken Germany. What it has done is only make Germany stronger, for now.

The writer goes on to note that “What will Greece do? I believe a unity or even a technocratic government would be hard-pressed to sign up to the deal currently on the table, let alone Syriza, a left-wing coalition. The present government has already lost members due to the first austerity proposal that it pushed through Parliament after the referendum. Of course, the potential of being excluded from the eurozone should focus minds. After all, according to the BBC, the Greek government has not helped its banking system and economy prepare for Grexit in any way. Now, the idea of a “temporary” Grexit — floated by Germany, and provisionally included an early version of the ultimatum — as a potential out seems reckless: a Greece that temporarily exits the euro, then flourishes, would hardly want to re-enter, and a Greece that fails would not be permitted to rejoin. Thus, either way, the “temporary” Grexit would likely become permanent. Meanwhile, the power politics continue: The Associated Press reported late Sunday that Tsipras is seeking a path to securing ECB aid for his country’s embattled banks as early as Monday; creditors, meanwhile, have demurred, saying they want to see Parliament pass austerity measures first before help is forthcoming”.

He ends “After seven years of difficult economic adjustments, economic nationalists in Britain, in France, and even in Germany will seize upon these events and rightly call out the EU as a project by European elites with dubious long-term economic benefits for ordinary people. They will call for a break up of the European Union and a return to national governments with full national economic and monetary sovereignty. And eventually they will probably get what they want. The movement aimed at having Britain exit the EU — so-called Brexit — is just the beginning. With Greece, we are witnessing history in the making. This fiasco has put the disintegration of the European project in play”.


2 Responses to ““It exposes the European project as a power grab by unelected elites””

  1. Order and Tradition Says:

    […] paying off the old loan plus interest. But the end of the deadlock has at least returned some normalcy to Greece. Checks can now be cashed. Limited transfers are again possible. Withdrawals are no longer […]

  2. “Mockery of the EU’s innovative community” | Order and Tradition Says:

    […] the particular situation of the Greek crisis. Another is that the Germans wished to make a deal so punitive that the Greeks would be forced to leave the euro and thus the EU. If this is true it would make a mockery of not […]

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