We have reached the point where we don’t know what news each dawn will bring from Greece. Every day something happens. And every day, the news is a little worse.
In the latest basket of news we find issues that raise the anxiety level even higher.
The European Central Bank (ECB) for example, for the second time, has given Greece crumbs, compared to the billions it is doles out to other countries, probably because if it did not give even that amount, that would constitute abandonment.
Also, the unemployment rate announced this week is itself enough make one’s head spin: 26.1 percent of Greeks are still unemployed – after six years. And the rates among young people and the long-term unemployed are astronomical.
One does not need to bear in mind any other economic statistics to understand that there is indeed a deep humanitarian crisis in Greece. Neither does one require prophetic powers to see that it is just a matter of time before the unemployed masses revolt.
As tragic as these elements are – I fear that we are slowly losing the ability to comprehend what is going on – there was a reference to something in an article in the Financial Times that I saw for the first time, which left me riveted: “Behind the scenes, Greece’s rhetoric is stirring debate about the intentions of Mr. Tsipras and his SYRIZA party.”
Obviously, what they mean is that the vitriolic rhetoric, the declarations of “war” between Athens and a group of states within the Eurozone, primarily Germany, aims to create conditions that would enable Greece to exit the Eurozone if it does not get what it is asking for.
Whatever interpretation we might give to the above, such doubts about Greece’s intentions means we are only one step away … from crossing the Rubicon.
I wish I could believe that the Greek government’s negotiating tactics will benefit the people. But it is unlikely that will happen.
Instead, what we discern is exhaustion, an endurance test for those organizations on which Greece is relying for its survival, such as the ECB and the International Monetary Fund.
And this is happening while the citizens of several nations, including Germany, en masse, have turned against the idea of new aid for Greece.
How, then, can one not be concerned?Source: The National Herald