Monday, 16 February 2015

Ukraine v/s Greece, the double standard in EU romance

Ukraine just sealed a deal with the IMF for a cool $17.5 billion, which probably will help it limp forward in the war our bosses are so eager to pursue against Russia. It’s been clear from the beginning that our war-hungry leaders favor hostilities in Eastern Europe as they systematically explode avenues for resolution and act with maximum belligerence. If they were inclined toward peace-making, you wouldn’t have heard careful pols like Hillary make inflammatory comparisons of Putin with Hitler when the situation first started to spin out of control, which she carefully repeated to make everyone sure that they hadn’t just made a slip of the tongue.

Last week there was a new ceasefire agreement, which the EU promptly tried to sabotage by announcing a new sanctions regime against Russia. Huh? You make peace and then immediately punish the adversary for doing so? For reasons beyond my modest ken, Washington and its Euro-allies are determined to keep this dangerous outbreak stoked—no doubt the war-profiteer class pululating around the Beltway is delighted that it won’t face austerity any time soon.

Contrast the easy money made available to enable front-line Ukraine to continue bleeding itself with the Stern Daddy attitudes copped in negotiations with Greece, trying to get back on its feet despite the six-year kneecapping performed by its EU overlords. (“Fiscal waterboarding,” in Greek finmin Yanis Varoufakis’s phrase.) There, we hear about nothing but the sanctity of “agreements” that the prior Greek governments signed while Angela Merkel and her chief gringch, Wolfgang Schäuble, held a glock to their heads. Greece has no particular strategic importance, and the previous “bailouts” enabled German and French banks to get paid off in full for their foolish loans to the insolvent (an exact duplicate of the joint Bush/Paulson and Obama/Geithner strategy in saving the U.S. banks from their own folly). So Greece gets bupkis, and the Ukrainians a mountain of cash.

Not that the Ukrainians are so lucky—the pay-back terms are so onerous it is hard to predict whether Putin or the IMF will be more successful in bringing what was once a miserable and corrupt country to a state of dystopian collapse. But it’s amazing how quickly the IMF’s own rules about not lending to countries at war or to insolvent ones go out the window when geopolitics take priority.

Europe is courting disaster of a magnitude we can only imagine when reading historical fiction from the past century. The Greeks are offering reasonable terms to get the continent out of its demented marriage to a failed program of Freedom through Work, a.k.a., prosperity through penury. Instead, the banker class now running things throughout the western world insists that it should get all the goods, all the money and all the fixed wealth (they’re insisting that Greece sell off its infrastructure like ports and airports, even the Acropolis, to pay the impossible debts), that they and their children must rule like pharaohs while the little people toil in silence and survive on crusts. It’s happened before in human history, and if they get their way, it will return in due course. And they won’t hesitate to bring us World War III into the bargain.

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