There is no greater example of aid for incessant and rich courage than Greece at this given moment in time. The tragic yet comedic double U-turn this month has since unravelled into a theater of absurdity. Greece’s Prime Minister Alexis Tsipras publicly stated “We don’t believe in the measures that were imposed on us” which provided clarity that Tsipras indeed supported the deal merely out of despair to avoid fiscal collapse.

However, statements from IMF – which on July 9 stressed that European nations would have to provide Greece with a 30-year grace period on servicing its debt – underscored that the underlying issue remains elsewhere. Does the EU subscribe to its own virtues and beliefs in regards to its bailout plan? Does the EU believe that the harsh measures imposed will usher motion economic growth and thus enable the payment of Greece’s heavy debt? Or is this the motivation for the extortionist pressure on Greece – not purely economic – rather political and ideological?

Greek citizens are now being forced to – no pun intended – pay the price, specifically not on the basis of the perspective of growth of the economy in Greece. The price Greece is presently paying – and continues to pay – as a nation is due to delusion.

Greeks are unknowingly requested to extend their own present suffering in order to inflate the Eurocrats dreams even further. Greeks are not asked to swallow the proverbial bitter pills for a more realistic plan of revival and survival, rather deemed to suffer in order for others to continue dreaming undisturbed. Does Greece need awakening from its grandeur? No. Europe at large needs the more significant wake up call. If the bailout plan is officially enacted, ninety billion euros will be provided to Greece, thus raising the nations current financial deficit to an unprecedented four hundred billion euros.

The majority of the four hundred billion euros will eventually return to Western Europe (Germany or France) and invariably set a gateway and recurring theme of Greece’s problematic financial woes returning in the not so distant future. The Greek financial delusion is an enemy to itself. Will Greece leave? The twist in narrative and uncertainty keeps even the most jaded observer second guessing. 

 

 

 

W| By Dean Perretta                                                       @DeanPerretta

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