(This is a translation in English of my proposals to the government that I posted
on my blog in Greek three days ago.)
Two Measures that should be taken
by the government that will facilitate the escape from the present financial
impasse.
The present financial impasse that we are faced with in Greece is the
work of the handy machinations of the Germans with the support of their local sidekicks of Potami, New Democracy and the remnants
of PASOK and its vassal states in North Europe, always with the enthusiastic cooperation
of Mario Draghi, that refuses to provide essential liquidity to our banks fearing
a kick in the ass by the Germans if he
does not follow suit.
Oblivious of the repeated pardoning that was generously granted to
Germany on its huge debts by the victorious allies after the two devastations
it had cause in the whole of Europe with two World Wars that allowed Germany to recover
and have an impressive growth in a few years after the Wars. The generous bail
out after World War II was decided by the U.S.A. and forced on all its allies,
including Greece for the sake of converting Germany into a powerful bastion
against tramped up fears of the Americans for expansion plans by the USSR.
Germany forgets now that Greece was also a signatory of the debt relief plan in
1953. Nowadays Germany is stuck in a combination of a neoliberal mentality, with its Lutheran mentality that justifies all
criminal actions for achieving its goals. Luther’s second thesis for example
for a solution to the Jewish problem
explicitly envisaged the extermination the Jews. Thus the “holocaust” in effect
was dictated by the creator of their main Christian dogma.
Anyhow, you may say that bygones are bygones and the question remains of
what we should do about the huge debt that has been forced on Greece since
Germany that is now the effective leader of Europe refuses any mention whatever
of and sort of a haircut or relief on our debt burden. Well, let me inform you
that there is a solution waiting to be implemented by the government. The
parliamentary committee on the country’s foreign debt has completed its work
and its final verdict is that the debt is onerous, non sustainable and most
important that all the debt agreements that have been signed by the governments
of the time are illegal as they were never ratified by Parliament as is clearly
stipulated by the Greek Constitution. Their illegitimacy is reinforced by the
fact that in essence they were unilaterally decided by the lenders as Greece at
the time was silenced by the overwhelming negotiating power of the lenders. The
only thing that remains to be done by today’s government is to ask parliament
to ratify the findings of the parliamentary committee into a law that would
clearly state that the debt is onerous and illegitimate in every case and ipso
facto nonexistent and any repayment of it would be an illegal action. This action
will serve a deserving shock for Germany and its side-kicks that have for so long
staunchly opposed any further curtailment of this onerous debt that they have unloaded
on us and which has been considered as unsustainable by all experts that devoted
time to examine it. In this way we will get rid of the main obstacle that is
responsible for our present impasse.
With respect to the argument that the present government should honor the
rule that a succeeding government has to respect the commitments of its
predecessors our reply will be that we respect this rule of continuity of the
state without any reservations but this government cannot continue an illegal
action of the preceding governments. Therefore the immediate write off of these
foreign debts cannot be construed as a unilateral action as our country cannot
continue an obvious illegal practice.
Rabid is expected to be the reaction of the lenders and their local
supporters of the opposition parties with the main argument the now worn out accusation
that we are consciously paving the way for a grexit. Their argument will be
proven as invalid as we will witness in
our country that which happens in every country that goes head with a unilateral cancelation of its
foreign debt to that unprecedented extent. In no time flat we will have access
to the international markets as the potential lenders will be actually pressing
us to borrow from them. This will allow us to secure the necessary funds to
finance growth projects, cover any budget deficits and allow the country to
return to the normal state that it enjoyed before the crisis.
In tandem with the above relatively easy to implement measure the
government should expedite the major cleanup of the Mass Media sector that in
essence still enjoys impunity for its exorbitant and deviously obtained
financing from the banks by going ahead with two actions that have been late in
coming. The first is that the corporations of the mass media should immediately
pay the what they owe to the the State,
or have their operating license revoked. It is expected that all corporations
involved will choose to comply with this demand of the State. A second move
that should simultaneously advanced is the demand that all corporations
involved should see to it that their capital structure of own capital and debt
obligations should conform to the relationship of one to one stipulated by the
law on corporations. This of course will
be an impossible task for them as they do not have the necessary financial means
as they literally squandered or pocketed most of the funds they borrowed. The
second alternative for them is to increase their own capital to a level equal
to their total borrowed funds. An equally impossible task for them to realize
for the same reason as the first alternative. This inability to meet these requirements
of the legislation on corporations will bring their obligatory dissolution as stipulated
by the law. This will be the end of the notoriously parasitic activities of
this sector of the Greek economy.
Nikos Vlassopoulos
July 10, 2015
