I have followed the Greek tragedy for years.
This is a humorous statement of the facts but true from the comment section on the Daily Telegraph in an article by Ambrose Evans Pritchard, "The ECB tightens the noose".
Tom Armstrong •
2 hours ago
Here's a simplified analogy to help all those who have swallowed the Goebbels-like lies and propaganda being put out by the EU understand what really happened.
You've just joined a club described as a bit like the Masons but funded mainly by the Germans and which has already handed you thousands of free money.
Shortly afterwards, a German banker calls on you and says he's got loadsamoney and is willing to lend you as much as you want at interests well below the 30% you've been used to all your life. All you have to do is spend it on German goods and, nudge, nudge, I'll tell them to 'look after you', know what I mean?
Why not take a couple of million says he, no, let's call it ten, no, fifty million, plus fifty grand off the record for your er, expenses.
But I can't pay you back, you say. Never mind, says your Fritz mate, we've had a nod and a wink from our mates in Berlin that if all goes down the drain they'll bail us out and pass the debt on to the dummkopf tax-payer. Sign me up you say.
A few years down the road the wheels fall off and you cannot keep up the payments. You call your sausage-bashing banker and remind him that the German tax-payer was supposed to bail you out.
Ah, mein freund, you must have haff misunderstood. It is we, the German bankers, who are to be bailed out. The German government will transfer another fifty million to your account tonight, but tomorrow you must send it right back so that it will be passed to us.
You now owe us, or rather the German State, one hundred million, my dear Greek freund. Oh, and your repayments are also now doubled.
I wish I'd never joined that bloody club you mutter to yourself. Not only are you stuck with payments you cannot afford, but because of the terms of the repayments your income is declining, meaning you have to pay them out of less earnings.
You go to the German government (the banker has long since disappeared) and ask for some debt forgiveness as you reasonably think you have been stitched up. Mein Gott! What a lot of dirty lazy work dodgers you are! How dare you even think about it. No forgiveness for you, ever (it would cost us our jobs and maybe our necks if our dummkopf voters found out what we have done).
We are going to punish you and your family for seven generations to come!
And that folks, is about the size of it. end quote.
This is a long story, but the EU allowed Greece to join the disastrous Euro project when they should not have, nor anybody else come to that. The Euro project favors the Germans, and a few other select countries at the expense of the poorer southern nations and Ireland.
In the crisis of 2008 there was a stitch up where debt was loaded onto Greece to bail out banks, especially German ones and others. Much of this debt got illicitly loaded onto Greece. So much of this debt is not legitimate.
Now the EU which is anti democratic whose leadership is not elected as Nigel Farage continually points out. They hate elections and in referendums either deny their legitimacy as in Sunday's case or have them repeated until they get the result they want.
Now they are acting the bully boys. The Greeks are citizens of the EU, but are now being subjected to appalling abuse by the EU, especially Germans who are now acting to sterotype again.
This is what William Hague, former UK foreign secretary had to say today.
This is what Nigel Farage a UK MEP and leader of UKIP had to say today.
Hopefully the citizens of the UK will vote to get out of the EU which has to be held before the end of 2017. In my view David Cameron has zero chance of getting meaningful reform of the EU.
