|Celebrating 'OXI' in Syntagma Square, Athens, 5 July 2015.|
The irresponsibility that lies behind the Greek debt belongs at least as much to the EU itself as to Greece. Splash the money in; it does not matter. (Most of the money is German, by the way; its economy is benefiting from a cheap euro, cheaper than the mark would be, but a euro that its overpriced from a Greek point of view.) Any financial crisis, goes EU thinking, becomes an opportunity to intervene, to drive the Union closer together, to break down further the identities of peoples and states. No matter what the cost.
|Greece famously said 'Oxi' when Mussolini|
issued an ultimatum in 1940.
Moreover EU policy over the last five years or so has turned a difficult situation into a calamity for Greece and its people. By following the EU's austerity demands, Greek debt went from 120 per cent of GDP in 2010 to 180 per cent in 2015, accompanied by 25 per cent unemployment overall and a staggering 55 per cent unemployment rate among those under twenty-five years old.
Two leading Nobel winning economists, Paul Krugman and Joseph Stiglitz, have reasoned against the EU's economic illiteracy and political destructiveness towards Greece.
And this at a time when Greece stands picket at the eastern corner of the Mediterranean, confronting the chaos of the Middle East, yet Greece itself is being driven into the sea by the EU led by the Germans who once again show that they have an unfortunate habit of going too far.
|Angela Merkel as a Trümmerfrau,|
one of those women who cleared away the rubble
of German cities after the war.
If the euro fails, Merkel's chancellorship fails, it says.
The Greeks who through their language possess the oldest civilisation on earth are practiced at saying 'no' against the odds. The Greeks have saved Europe before and their brave defiance today of EU stupdiity and brutality may help save the European Union against itself.