UNITED STATES OF EUROPE: Greece’s ruling Syriza party calls for FEDERAL eurozone

Greek government minister Nikos Pappas wants stronger European links [GETTY]

 

SUPPORTING the European Union goes hand in hand with supporting federalism and Brussels should make a stronger push for ever-closer union, Greek government minister Nikos Pappas has declared.

Mr Pappas said proclaiming a pro-EU stance without backing federalism was “meaningless” and amounted to “talking the talk but not walking the walk”.

In an interview with Greek newspaper Avgi, the Minister of Digital Policy, Media and Telecommunications and a close ally of prime minister Alexis Tsipras, insisted Europe should strengthen its rhetoric promoting serious integration.

Greek bailout terms to give eurozone vast powers over policymaking

As predicted here for years, Greece will become the vassal state of a German-dominated Europe ran through the Troika. All roads lead to Berlin and its Fourth Reich. In the medium-term, look for more nations to be subjugated like Cyprus and Greece. They will be destroyed and rebuilt in order to form a United States of Europe.

 

The Greek government is to surrender powers over vast areas of economic and social policymaking to its eurozone creditors under draconian terms agreed for a new three-year bailout.

The 29 pages of conditions concede ultimate authority over much of Greek policymaking to the eurozone and establish a system of quarterly reviews of the reforms by the troika of institutions – the European commission, the European Central Bank (ECB) and the International Monetary Fund (IMF) – representing the creditors.

Grexit: Remaining In The Eurozone Is No Longer ‘The Base Case’ For Greece

According to the Wall Street Journal, Greece staying in the eurozone is no longer “the base case” for European officials, and one even told the Journal that “literally nothing has been achieved” in negotiations with the new Greek government since the Greek election almost three months ago.  In other words, you can take all of that stuff you heard about how the Greek crisis was fixed and throw it out the window.  Over the next few months, a big chunk of Greek government bonds held by the IMF and the European Central Bank will mature.  Unless negotiations produce a load of new cash for Greece, there will be a default, and right now there is very little optimism that we will see an agreement any time soon.  In fact, as I wrote about the other day, behind the scenes banks all over Europe are quietly preparing for a Grexit.  European news sources are reporting that the Greek banking system is on the verge of collapse, and over the past couple of weeks Greek bond yields have shot through the roof.  Most of the things that we would expect to see in the lead up to a Greek exit from the eurozone are happening, and now we will wait and see if the Greeks actually have the guts to pull the trigger when push comes to shove.

IMF Director Admits: Greek Bailout Was “To Save German & French Banks”

As oft stated here, all roads lead back to Berlin and its Fourth Reich.

 

 

For the first time in public, though practically the entire world assumed it, an official from The IMF has admitted that the various Greek bailouts were not for The Greeks at all… “They gave money to save German and French banks, not Greece,” Paolo Batista, one of the Executive Directors of International Monetary Fund told Greek private Alpha TV on Tuesday.

How Greece Folded To Germany: The Complete Breakdown

Through all the ups and downs in the EU at the moment, keep in mind the bigger picture: The Euro was designed to fail.

It was known a lot of the countries allowed into the EU didn’t meet the requirements to begin with, but were intentionally let in to fulfill the end goal: Break nations in half and create vassal states in subservience to a resurgent German hegemon through bailouts from it’s Troika proxy that require giving up national sovereignty in exchange.

 

Having, as we previously explained, been given ‘just enough rope’ by the Germans, we thought it worth looking at just what Greece capitulated on (or perhaps a shorter version – what they did not capitulate on) and how Tsipras and Varoufakis will sell this to their fellow politicians… and most of all people.

As OpenEurope explains,

What points has Greece capitulated on?

Greece bailout: Time is running out to avoid ‘catastrophic’ Greek exit from euro, warns EU

Eurozone finance ministers and officials have warned that time was running out to avoid a “catastrophic” Greek exit from the single currency, as they awaited a new proposal from Athens aimed at keeping Greece afloat beyond the end of this month.

Greece Begins The Great Pivot Toward Russia

One shouldn’t be shocked to see Communist leaders doing Communist things.

Ten days ago, before the smashing success of Greece’s anti-austerity party, Syriza, we noted that Russia gave Greece a modest proposal: turn your back on Europe, whom you despise so much anyway, and we will assist your farmers by lifting the food import ban. And, sure enough, Greece’s new premier Tsipras did hint with his initial actions that Greece may indeed pivot quite aggressively away from Europe and toward Russia in general and the Eurasian Economic Union in particular (as a tangent recall “Russia’s “Startling” Proposal To Europe: Dump The US, Join The Eurasian Economic Union“).