A Greek conspiracy: How the ECB crushed Varoufakis’ plans

Written on January 25th, 2016 in politics Comments Off

Published on Real World Economic Review Blog RWER, by Norbert Häring, Jan 22, 2016.

A central bank governor in Athens conspires with the President of the Republic to sabotage the negotiation strategy of his government to weaken it in its negotiations with the European Central Bank. After the government has capitulated, this governor, who is a close friend of the new finance minister and boss of the finance ministers wife, and the President of the Republic travel together to the ECB to collect their praise and rewards. This is not an invention, this is now documented.

On 19 January the German Central Bank in Frankfurt informed the media that the Greek President Prokopis Pavlopoulos visited the ECB and met with ECB-President Mario Draghi, and that he was accompanied by the President of the Greek central Bank, Yanis Stournaras.

Remember. When the Syriza-led government in Athens was in tense negotiations with the European institutions, the ECB excerted pressure by cutting Greek banks off the regular financing operations with the ECB. They could get euros only via Emergency Liquidty Assistance from the Greek central bank and the ECB placed a strict limit on these. Finance minister Yanis Varoufakis worked on emergency plans to keep the payment system going in case the ECB would cut off the euro supply completely.

It has already been reported and discussed that a close aide of Stournaras sabotaged the government during this time by sending a memo to a financial journalist, which was very critical with the governments negotiation tactics and blamed it for the troubles of the banks, which the ECB had intensified, if not provoked … //

… Thus: The former chief negotiator of the Greek government is and was a close friend of the central bank governor and the central bank governor was the boss of his wife. The governor of the Bank of Greece, which is part of the Eurosystem of central banks, gets his orders from the ECB, i.e. the opposing side in the negotiations. He actively sabotaged the negotiation strategy of his government.

If this does not look like an inappropriate association for a chief negotiator, I don’t know, what would.

(full text).

Links:

Severe blizzard & thundersnow captured from space cloaking East Coast (PHOTOS), on RT, Jan 24, 2016;

Refugees claim ISIS militants living among them in Germany, 4.08 min, on RT, Jan 23, 2016;

Revealed: Pygmy” Children Paid in Glue and Alcohol, on Dissident Voice, by Survival International, Jan 22, 2016: Tribal children in the African rainforests have been paid in glue to sniff, and alcohol, in return for menial work, a new Survival International report has revealed. The report found instances of market traders in the Republic of Congo plying children from the Bayaka tribe with glue in 2013, in exchange for cleaning out latrines;

Colonialism and Imperialism, Two Most Deadly Forms of Terrorism, on Dissident Voice, by Andre Vltchek, Jan 22, 2016;

The 553rd issue of Altered States Website Update, Jan 21, 2016;

US / Iowa: NCC Receives Grant For VITA Site Project, on KIWA radio, Jan 21, 2016;

Algérie/JIJEL: Érosion du pouvoir d’achat à Jijel, Les ménages mis à rude épreuve, dans El Watan, le 21 janv 2016;

Elites debate boosting the economy, but for whom? on Michal Rozworski, by blog owner, Jan 21, 2016;

Audio: France, the Radical Left in the Maelstrom – Nathan Rao, 41.40 min, on Socialist Project.ca, by Karen Wirsig, Jan 10, 2016;

Where Hegel wasn’t Hegelian Enough: Sex, Rabble and Revolution – Slavoj Zizek, 92.53 min, (introduction in german, lecture in english, some expressions in german), uploaded by Lagebesprechung, Nov 11, 2015 … a Lecture at the Munich School of Philosophy, Nov 24, 2011;

… and this:

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