Greece says “No” . . . YES!!!

In the cool light of the morning after the Greek referendum my upper most thought is how I wish we too had a Prime Minister that can unite the people by the sheer power of his integrity and caring. Indeed I think 76% of UK voters are of a similar mind!

The strength of feeling that has produced such a damning vote on ‘Austerity’ shows how lacking in human compassion both the banks and Brussels have become and how hopelessly out of touch they are in managing this vast conglomeration of countries with such diverse national characteristics.

Alex Tsipras stance is a lone voice of sanity in a world gone mad. As Romano Prodi said “If the EU cannot resolve a small problem the size of Greece, what is the point of Europe?” This coming from former chief of the European Commission and Italy’s ex-premier.

It transpires that the IMF have finally come clean and conceded that Greece now needs an extra £42 BILLION over the next 3 years PLUS large scale debt relief to provide some sort of breathing space and re-stabilise the economy.

As I have said before, it is not just Greece that is struggling but Puerto Rica, (the newly dubbed “American Greece”), Ukraine, Italy, Spain, Portugal and many under-developed African nations as well. Here we have the evidence of just how worrying our global banking system has become, with such little regulation and the frightening mushrooming effect of compound interest upon existing debt.

And the solution to all of this debt is more debt! If current debt levels cannot be serviced, because of irresponsible lending practices, how is it at all conceivable that more debt will help? The Greek people are right in saying “Enough”! The misery they have been put through over the last 5 years, which is being demanded be continued indefinitely, is indefensible financially or on humanitarian grounds.

As an aside, (and bee in my bonnet this morning!), is the polling information put out before the actual vote on Sunday. ‘Neck and Neck’ was the unambiguous call from all pundits and how wrong they got it. My point here is that this mirrors our experience in the UK at the last election and begs the question as to whether we now have manipulation going on here. After all if international LIBOR rates can be manipulated, as well as news stories and electioneering promises, opinion poll data must be a piece of cake.

I mean, if it became known that people were intending to vote with a resounding “No”, as happened, what effect would that have had on the ‘undecideds’ in pushing the majority even higher. We know Brussels has stooped to some pretty unpleasant tactics in the run up to this referendum and the IMF demanded of a weak Prime Minister that the previous referendum be actually cancelled, so why not pollster jiggery pokery?

If I am correct then it highlights, once again, that it is not about money but the huge power struggle going on, to maintain a level of autocratic power over the people that will become unsustainable in this modern joined up world of very discontented voters. In standing up to this power, indeed running rings around them at times, Greece has touched a growing anger inside all of us at the hardship we are expected to endure in order to pay the banks their interest on bad lending practices.

As I watched the news footage last night and the growing realisation that the people had stood up to the existing power structures in no uncertain terms and their future is equally uncertain, there was also the realisation (and envy) that they had achieved something the rest of us need to carefully examine and consider. The people’s faces showed they had found the courage to vote “No” and in doing so had taken back their dignity.

To that I say a resounding . . . “YES”!!!!


Until the next time


Thinking from his Book: Global Magna Carta. Returning Power to the 99% . . . If They Want It! By J T Coombes