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OpEdNews Op Eds    H2'ed 7/9/15

The Greek Referendum Vote, a Watershed Event Against Austerity Placed on the Backs of the People

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Greek Referendum: Their Yesterday, Our Tomorrow | True News No! The resounding answer to the Greek Referendum where 61 percent voted against further austerity in exchange for financial help from Europe and the ...
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Greek "Oxi" no vote against austerity

At this point, with the Greek people having voted overwhelmingly "No" 61 to 39 % in a referendum vote last Sunday rejecting austerity measures keeping the people in perpetual debt slavery with no end in sight, the question remains, what could be the outcome if the EU, ECB and the IMF do NOT offer immediate debt relief in the form of new loans under terms acceptable to the Tsipras government as well as the Greek people?

It could result in a Grexit, Greece out of the EU, dropping the Euro and returning to the drachma as its official currency , and default on a its debt.

Though Greece is a European country and wants to remain in the Eurozone, it is saying it won't accept debt relief under terms that keep the people in endless debt peonage.

Juxtaposed to the Greek financial crisis there's an interesting article by John Hilmer [1] who writes, "A putsch in Athens to save allied Greece from enemy Russia is in preparation by the US and Germany, with backing from the non-taxpayers of Greece-the Greek oligarchs, Anglo-Greek ship owners and the Greek church".

"Codenamed Nemesis, it makes provision for troops to patrol large cities if there is widespread and prolonged public disorder".

If Hilmer is correct and the Tsipras government fails to accept new debt terms by the troika-EU, ECB and IMF-stands firm with the majority of the Greek people, a military style putsch "Nemesis" could be initiated, force Tsipras from office, a post coup unelected government put in its place and ready to send "troops to patrol cities if there is widespread and prolonged public disorder". Sadly, the US has perpetrated and undermined numerous popular democratic movements with coups and assassinations in countries that chose an independent path rejecting from US hegemony.

From here the great fear of the US and its European vassals is Greece following an independent path acting in its own self interest. If necessary dropping the Euro, returning to the drachma as its official currency, defaulting on its debt then moving to stabilize its economy through other means. Such means could be accepting loans through the new BRICS development bank, becoming a member of the SCO, Shanghai Development Organization as well as the AIIB, Asian Infrastructure Investment Bank.

And with such a move by Greece it could be the catalyst for Italy, Spain, Portugal, Ireland to follow a similar path out of their own debt peonage.

One thing seems certain; harsh austerity measures placed on the backs of people are unacceptable with them saying we have nothing to lose by openly rejecting them.

I believe the popular Greek referendum vote was a watershed event. It won't take long to find out.

[1] "And Now for a Putsch in Athens ? Yes if Nuland's Hubby Has His Way", by John Hilmer, Information Clearing House", July 7, 2015

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