Spitfire List Web site and blog of anti-fascist researcher and radio personality Dave Emory.
The tag 'Greece' is associated with 6 posts.

The New World Ordoliberalism, Part 7: To QE, or Not to QE, That is the Ominous Question

As the Euro­pean Cen­tral Bank (ECB) con­tin­ues to wres­tle with the deci­sion of when and how quick­ly to wind down its quan­ti­ta­tive eas­ing (QE) pro­gram while infla­tion remains stub­born­ly below the 2 per­cent tar­get and like­ly to stay well below 2 per­cent for the fore­see­able future, it’s worth not­ing that there’s a new night­mare to add to the equa­tion: The euro has surged in val­ue this year, a move that not only depress­es exports in recov­ery economies like Spain and Por­tu­gal but also depress­es infla­tion. And one of the things hold­ing down the val­ue of the euro is the ECB’s QE pro­gram. So if the ECB tapers off the QE too ear­ly and quick­ly it’s going to make an over­ly-strong euro even stronger while drag­ging infla­tion even low­er, poten­tial­ly derail­ing frag­ile recov­er­ies in the aus­ter­i­ty-inflict­ed mem­ber states. And that means not send­ing the wrong sig­nals is a key goal of the ECB is things are going to go smooth­ly. Guess which sig­nals are being sent.


Greek Privatization Proceeds for Anti-Poverty Policies? Probably Not, But We’ll See

With nego­ti­a­tions between Greece and the troi­ka over how to resolve the lat­est aus­ter­i­ty-impasse still ongo­ing, Greece make an intrigu­ing offer: Con­tin­ue with the pri­va­ti­za­tion of state assets that the troi­ka demands, use the pro­ceeds on Greece’s human­i­tar­i­an crises instead of imme­di­ate­ly pay­ing back Greece’s cred­i­tors. And while the troi­ka has yet to for­mal­ly rule out Greece’s pro­pos­al, Euro­pean Com­mis­sion pres­i­dent Jean-Claude Junck­er made an unchar­ac­ter­is­tic offer last week of 2 bil­lion euros to “sup­port efforts to cre­ate growth and social cohe­sion in Greece”. Con­sid­er­ing vir­tu­al­ly all past atti­tudes by the troi­ka regard­ing Greece’s “growth and social cohe­sion”. So by wrap­ping its human­i­tar­i­an aid pro­pos­al with­in a pri­va­ti­za­tion man­date Greece did the seem­ing­ly impos­si­ble: the troika’s posi­tion on Greece is slight­ly less crazy than before. That almost nev­er hap­pens. And still prob­a­bly isn’t hap­pen­ing.


Greek Prime Minister Continues to Pursue World War II Reparations from Germany

As dis­cussed in FTR #788, Ger­many has NOT reim­bursed Greece for the enor­mous dam­age wrought dur­ing World War II. Once again, that pur­loined wealth and the Bor­mann cap­i­tal net­work that was the vehi­cle for the rein­vest­ment of the Nazis’ World War II loot is cen­ter stage. Greek Prime Min­is­ter Alex­is Tsir­pas is demand­ing that the mon­ey be repaid. Tsir­pas’ demand focus­es atten­tion on a dynam­ic that lies at the foun­da­tion of 20th and 21st cap­i­tal flows. All of the con­tents of this web­site as of 12/19/2014–Dave Emory’s 35+ years of research and broadcasting–as well as hours of video­taped lec­tures are avail­able on a 32GB flash dri­ve. Dave offers his pro­grams and arti­cles for free–your sup­port is very much appre­ci­at­ed.


Ghosts of World War II and the Greek Economic Crisis

In FTR #746 and FTR #788, we ana­lyzed the Greek eco­nom­ic cri­sis, the EMU and “Clause­witz­ian Eco­nom­ics.” As Greece and Ger­many square off fol­low­ing the elec­tion of a left-wing coali­tion gov­ern­ment in the for­mer, the ghosts of World War II are mate­ri­al­iz­ing in fright­en­ing and dra­mat­ic fash­ion. The new Greek finance min­is­ter has not­ed the rise of Nazism in Greece as a result of the eco­nom­ic and social depri­va­tion stem­ming from the aus­ter­i­ty doc­trine. There also remains the pos­si­bil­i­ty of rais­ing the specter of Ger­many’s unpaid World War II debt to Greece, there­by cit­ing the eco­nom­ic and polit­i­cal dynam­ics inher­ent in the Bor­mann cap­i­tal net­work, about which we speak so often. All of the con­tents of this web­site as of 12/19/2014–Dave Emory’s 35+ years of research and broadcasting–as well as hours of video­taped lec­tures are avail­able on a 32GB flash dri­ve. Dave offers his pro­grams and arti­cles for free–your sup­port is very much appre­ci­at­ed.


Update on “Clausewitzian Health Care”: A Nazi Heads Greek Health Ministry (EUthanasia)

With the coun­try’s pover­ty-dri­ven health care approx­i­mat­ing a lethal, slow-motion eugen­ics pro­gram, Greece’s “Clause­witz­ian Eco­nom­ics” fig­ures to accel­er­ate with the appoint­ment of Makis Voridis, a doc­tri­naire Nazi, to admin­is­ter the Greek Health Min­istry. As the Ger­man-dom­i­nat­ed EMU and EU “bring the ham­mer down” on the Euro­pean econ­o­my and cit­i­zen­ry, it is grim­ly fas­ci­nat­ing to watch this hands-on appli­ca­tion of Von Clause­witz’s the­o­ret­i­cal prin­ci­ples.


Surprise! It’s not the Cyprus crisis anymore. Welcome to the EUrozone crisis: This is what a shakedown looks like

The more things change, the more they stay the same. The EU’s lead­ers want to wel­come you to the new “New Nor­mal”.