It would be true to say, as John Redwood has pointed out, that the entry of Greece into the Euro a decade and a half ago was sheer hubris and folly. That hubris has been shown up for what it was since 2010. During this time, Greece has been subjected to so-called ‘austerity’ measures that have brought the country to its knees and have, five years later, not produced any improvement and indeed very much the opposite. In some areas, unemployment has risen to 60% and Greece’s banks are now closed.
In the last few weeks and months, we have seen a troika of New Imperialists – Christine Lagarde of the IMF, Jean-Claude Juncker, President of the European Commission and Angela Merkel, Germany’s Chancellor, openly bully and strong-arm the democratically elected Prime Minister of a sovereign nation, Alexis Tsipras. It has been an absolute disgrace and an affront to democratic principles. We saw heavy-handed and insensitive ‘diplomacy’, that was clearly intended to undermine Tsipras and to coerce him into capitulating to yet more horror and misery. The result was that Tsipras did the one thing the New Imperialists hate the most — he decided to ask his own people what he should do. He actually dared ask for a democratic mandate. What impudence! Continue reading A Greek Lesson in Democracy