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SYRIZA’s biggest mistake…accepting the debt as legitimate and only searching within the EU for help

When SYRIZA recognised the $350 billion debt and stated that it would search for a solution only within the EU, it signalled to Europe that Greece was content to become an empty vassal state, and emboldening the Troika to push for more austerity.

Alex Christoforou

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Post originally appeared on Information Clearing House.

Greece has been in the headlines of the world’s financial press for the past five months, as a newly elected leftist party, ‘Syriza’, which ostensibly opposes so-called ‘austerity measures’,faces off against the “Troika” (International Monetary Fund, the European Commission and European Central Bank).

Early on, the Syriza leadership, headed by Alexis Tsipras, adopted several strategic positions with fatal consequences – in terms of implementing their electoral promises to raise living standards, end vassalage to the ‘Troika’ and pursue an independent foreign policy.

We will proceed by outlining the initial systemic failures ofSyriza and the subsequent concessions further eroding Greek living standards and deepening Greece’s role as an active collaborator of US and Israeli imperialism.

Winning Elections and Surrendering Power

The North American and European Left celebrated Syriza’selection victory as a break with neo-liberal austerity programs and the launch of a radical alternative, which would implement popular initiatives for basic social changes, including measures generating employment, restoring pensions, reversing privatizations, reordering government priorities and favoring payments to employees over foreign banks. The “evidence” for the radical reform agenda was contained in the ‘Thessaloniki Manifesto’which Syriza promised to be the program guiding their newly elected officials.

However, prior to, and immediately after being elected, Syriza leaders adopted three basic decisions precluding any basic changes: Indeed, these decisions set it on a reactionary course.

First and foremost, Syriza accepted as legitimate theforeign debt of over $350 billion dollars, although most had been signed by previous government Kleptocrats, corrupt banks, business, real estate and financial interests. Virtually none of this debt was used to finance productive activity or vital services which would strengthen the economy and Greece’s future ability to payback the loans.

Hundreds of billions of Euros were stashed away in foreign bank accounts and foreign real estate or invested in overseas stocks and bonds. After affirming the ‘legitimacy’ of the illicit debt, Syriza followed up by declaring its ‘willingness’ to pay the debt. The ‘Troika’ immediately understood that the new Syriza government would be a willing hostage to further coercion, blackmail and debt payments.

Secondly, and related to the above, Syriza declared its determination to remain in the European Union and Eurozone and thus accepted the surrender of its sovereignty and ability to fashion an independent policy. It declared its willingness to submit to the dictates of the Troika. Once under the thumb of the Troika, Syriza’s only policy would be to ‘negotiate’, ‘renegotiate’ and make further concessions to the EU overseas banks in a totally one-sided process. Syriza’s rapid submission to the Troika was their second strategic, but not their last, betrayal of its electoral program.

Once Syriza demonstrated to the Troika, its willingness to betray its popular program, the Troika escalated its demands and hardened its intransigence. Brussels discounted Syriza’s leftist rhetoric and radical theatrical gestures as blowing smoke in the eyes of the Greek electorate. The EU bankers knew that when it came time to negotiate new loan agreements, the Syriza leadership would capitulate. Meanwhile, the Euro-American Left swallowed Syriza’s entire radical rhetoric without looking at its actual practice.

Thirdly, on taking office, Syriza negotiated a coalition with the far-right, pro-NATO, xenophobic, anti-immigrant Independent Greeks Party, guaranteeing that Greece would continue to support NATO’s military policies in the Middle East, the Ukraine and Israel’s brutal campaign against Palestine.

Fourthly, the bulk of Prime Minister Tsipras cabinet appointees had no experience of class struggle .Worse still, most were academics and former PASOK advisers without any capacity or willingness to break with the dictates of the Troika. Their academic ‘practice’ consisted largely of theoretical ‘combat’, ill-suited for real-world confrontation with aggressive imperial powers.

From a Scratch to Gangrene

By capitulating to the EU from the outset, including accepting to pay the illegitimate debt, hooking up with the Far Right and submitting to the dictates of the Troika, the stage was set for SYRIZA to betray all its promises and to worsen the economic burden for its supporters. The worst betrayals include: (1) not restoring pension payments; (2) not restoring the minimum wage; (3) not reversing privatizations; (4) not ending austerity programs; and (5) not increasing funds for education, health, housing and local development.

The Troika and its publicists in the financial press are demanding that Syriza cut the Greek pension system even further, impoverishing over 1.5 million retired workers. Contrary to the media’s planted ‘examples’ of fat pensions enjoyed by less then 5% of pensioners, the Greeks have suffered the deepest pension reductions in Europe over the past century. In just the last past 4 years the Troika cut Greek pensions eight times. The vast majority of pensions have been slashed by nearly 50% since 2010.The average pension is 700 Euros a month but 45%of Greek pensioners receive less than 665 Euros a month – below the poverty line. Yet the Troika demands even greater reductions.

These include an end of budget subsidies for pensioners living in extreme poverty, an increase in the retirement age to 67, an abolition of pension provisions tied to hazardous occupations and for working mothers. The earlier regressive measures, imposed by the Troika and implemented by the previous right-wing coalition regime, severely depleted the Greek pension fund. In 2012, the Troika’s ‘debt restructuring’ program led to the loss of 25 billion Euros of reserves held by the Greek government in government bonds.

Troika austerity policies ensured that the pension reserves would not be replenished. Contributions plummeted as unemployment soared to nearly 30% (Financial Times 6/5/15 p4). Despite the Troika’s frontal assault on the Greek pension system, Syriza’s “economic team” expressed its willingness to raise the retirement age, cut pensions by 5% and negotiate further betrayals of pensioners facing destitution. Syriza has not only failed to fulfill its campaign promise to reverse the previous regressive policies, but is engaged in its own ‘pragmatic’ sellouts with the Troika.

Worse still, Syriza has deepened and extended the policies of its reactionary predecessors. (1)Syriza promised to freeze privatizations: Now it vows to extend them by 3.2 billion Eurosand privatize new public sectors. (2) Syriza has agreed to shift scarce public resources to the military, including an investment of $500 million Euros to upgrade the Greek Air Force. (3) Syriza plundered the national pension fund and municipal treasuries of over a billion Euros to meet debt payments to the Troika. (4) Syriza is cutting public investments in job creating infrastructure projects to meet Troika deadlines. ( 5) Syriza has agreed to a budget surplus of 0.6% at a time when Greece is running a 0.7% deficit this year – meaning more cuts later this year. (6) Syriza promised to reduce the VAT on essentials like food; now it accepts a 23% rate.

Syriza’s foreign policy mimics its predecessors. Syriza’s far right Defense Minister, Panos Kammenos, has been a vocal supporter of the US and EU sanctions against Russia- despite the usual flurry of Syriza’s faked “dissent” to NATO policies, followed by total capitulation – to remain in good standing with NATO. The Syriza regime has allowed each and every well-known kleptocrat and tax evader to retain their illicit wealth and to add to their overseas holdings with massive transfers of their current ‘savings’out of the country. By the end of May 2015, Prime Minister Tsipras and Finance Minister Varofakis have emptied the Treasury to meet debt payments, increasing the prospects that pensioners and public sector workers will not receive their benefits. Having emptied the Greek Treasury, Syriza will now impose the “Troika solution” on the backs of the impoverished Greek masses: eithersign-off on a new “austerity” plan, lowering pensions, increasing retirement age, eliminating labor laws protecting workers’ job security and negotiating rights or face an empty treasury, no pensions, rising unemployment and deepening economic depression. Syriza has deliberately emptied the Treasury, plundered pension funds and local municipal holdings in order to blackmail the population to accept as a ‘fait accompli’ theregressive policies of hardline EU bankers – the so-called “austerity programs”.

From the very beginning, Syriza gave into the Troika’s dictates, even as they play-acted their ‘principled resistance’. First they lied to the Greek public, calling the Troika ‘international partners’. Then they lied again calling the Troika memorandum for greater austerity a ‘negotiating document’. Syriza’s deceptions were meant to hide their continuation of the highly unpopular ‘framework’ imposed by the previous discredited hard rightwing regime.

As Syriza plundered the country of resources to pay the bankers, it escalated its international groveling. Its Defense Minister offered new military bases for NATO, including an air-maritime base on the Greek island of Karpathos. Syriza escalated Greece’s political and military support for EU and US military intervention and support of “moderate” terrorists in the Middle East, ludicrously in the name of “protecting Christians”. Syriza, currying favor with European and US Zionists, strengthened its ties with Israel, evoking a ‘strategic alliance’ with the terrorist-apartheid state. From his first days in office, the hard right Defense Minister Kammenos proposed the creation of a “common defense space” including Cyprus and Israel – thus supporting Israel’s air and sea blockade of Gaza.

Conclusion

Syriza’s political decision to ‘embed’ in the EU and the Eurozone, at all costs, signals that Greece will continue to be vassal state, betraying its program and adopting deeply reactionary policies, even while trumpeting its phony leftist rhetoric, and feigning ‘resistance’ to the Troika. Despite the fact that Syriza plundered domestic pensions and local treasuries, many deluded Leftists in Europe and the US continue to accept and rationalize what they choose to dub its “realistic and pragmatic compromises”.

Syriza could have confiscated and used the $32 billion of real estate properties owned by the Greek Armed Forces to implement an alternative investment and development plan – leasing these properties for commercial maritime ports, airports and tourist facilities.

Syriza buried Greece even deeper into the hierarchy dominated by German finance,by surrendering its sovereign power to impose a debt moratorium, leave the Eurozone, husband its financial resources, reinstate a national currency, impose capital controls, confiscate billions of Euros in illicit overseas accounts, mobilize local funds to finance economic recovery and reactivate the public and private sector. The fake “Left sector” within Syriza repeatedly mouthed impotent “objections”, while the Tsipras -Varofakis sell-out charade proceeded to the ultimate capitulation.

In the end, Syriza has deepened poverty and unemployment, increased foreign control over the economy, further eroded the public sector, facilitated the firing of workers and slashed severance pay- while increasing the role of the Greek military by deepening its ties to NATO and Israel.

Equally important, Syriza has totally emptied leftist phraseology of any cognitive meaning: for them – national sovereignty is translated into international vassalage and anti-austerity becomes pragmatic capitulations to new austerity. When the Tsipras – Troika agreement is finally signed and the terrible toll of austerity for the next decades finally sinks into the consciousness of the Greek public, the betrayals will hopefully evoke mass revulsion. Perhaps Syriza will split, and the “left” will finally abandon their cushy Cabinet posts and join the disaffected millions in forming an alternative Party.

James Petras is a Bartle Professor (Emeritus) of Sociology at Binghamton University, New York.

References:

http://www.informationclearinghouse.info/article42145.htm

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Peace on Korean Peninsula within reach, if only Trump can remove Pompeo & Bolton (Video)

The Duran Quick Take: Episode 152.

Alex Christoforou

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RT CrossTalk host Peter Lavelle and The Duran’s Alex Christoforou discuss the results of the Putin-Kim summit in Vladivostok, Russia, aimed at boosting bilateral ties between the two neighboring countries, as well as working to contribute to a final peace settlement on the Korean peninsula.

Putin’s meeting with Kim may prove to be a pivotal diplomatic moment, as North Korea continues to work towards normalizing ties with the U.S. amidst ongoing denuclearization talks with the Trump White House.

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Via the BBC…

Russian President Vladimir Putin has said North Korean leader Kim Jong-un needs international security guarantees if he is to end his nuclear programme.

Such guarantees would need to be offered within a multinational framework, he added, following talks near Vladivostok in Russia’s far east.

Mr Kim praised the summit as a “very meaningful one-on-one exchange”.

Mr Putin said North Korea’s leader was “fairly open” and had “talked freely on all issues that were on the agenda”.

The meeting followed the breakdown of talks between the US and North Korea in February, when Mr Kim met US President Donald Trump in the Vietnamese capital Hanoi.

Those talks reportedly stalled over North Korea’s demand for full economic sanctions relief in return for some denuclearisation commitments – a deal the US was not willing to make.

Speaking after the talks on Thursday, Mr Putin said he wanted to see full denuclearisation on the Korean peninsula.

But he said this could only be achieved through respect for international law.

“We need to restore the power of international law, to return to a state where international law, not the law of the strongest, determines the situation in the world,” he said.

Mr Kim greeted Russian officials warmly when he arrived in Russia on Wednesday.

The North Korean leader was entertained by a brass band in Vladivostok before he got inside a car flanked by bodyguards, who – in now familiar scenes – jogged alongside the vehicle as it departed.

What do we know about the summit?

According to the Russian presidential spokesman, Dmitry Peskov, the Kremlin believes the six-party talks on North Korea, which are currently stalled, are the only efficient way of addressing the issue of nuclear weapons on the peninsula.

Those talks, which began in 2003, involve the two Koreas as well as China, Japan, Russia and the US.

“There are no other efficient international mechanisms at the moment,” Mr Peskov told reporters on Wednesday.

“But, on the other hand, efforts are being made by other countries. Here all efforts merit support as long as they really aim at de-nuclearisation and resolving the problem of the two Koreas.”

What do both sides want?

This visit is being widely viewed as an opportunity for North Korea to show it has powerful allies following the breakdown of the talks with the US in February.

The country has blamed US Secretary of State Mike Pompeo for the collapse of the Hanoi summit. Earlier this month North Korea demanded that Mr Pompeo be removed from nuclear talks, accusing him of “talking nonsense” and asking for someone “more careful” to replace him.

The summit is also an opportunity for Pyongyang to show that its economic future does not depend solely on the US. Mr Kim may try to put pressure on Moscow to ease sanctions.

Analysts say the summit is an opportunity for Russia to show that it is an important player on the Korean peninsula.

President Putin has been eager to meet the North Korean leader for quite some time. Yet amid the two Trump-Kim summits, the Kremlin has been somewhat sidelined.

Russia, like the US and China, is uncomfortable with North Korea being a nuclear state.

How close are Russia and North Korea?

During the Cold War, the Soviet Union (of which Russia is the main successor state) maintained close military and trade links with its communist ally, North Korea, for ideological and strategic reasons.

After the Soviet Union collapsed in 1991, trade links with post-communist Russia shrank and North Korea leaned towards China as its main ally.

Under President Putin, Russia recovered economically and in 2014 he wrote off most of North Korea’s Soviet-era debt in a major goodwill gesture.

While it is arguable how much leverage Russia has with the North today, the communist state still regards it as one of the least hostile foreign powers.

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Putin meets Kim for the first time (Video)

The Duran Quick Take: Episode 151.

Alex Christoforou

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The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris take a look at the historic meeting between Russian President Vladimir Putin and North Korean leader Kim Jong Un in the city of Vladivostok in the Russian Far East.

The meeting marks the first ever summit between the two leaders.

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Follow The Duran Audio Podcast on Soundcloud.

Via RT…

Leaders of Russia and North Korea sat down for a historic summit in Vladivostok, expressing hope it will revive the peace process in the Korean Peninsula and talks on normalizing relations with the US.

The summit on Russky Island, just off Vladivostok, started a little late because President Vladimir Putin’s flight was delayed. North Korean leader Kim Jong-un had made the trip by train, arriving on Wednesday.

In brief public remarks before the talks, the two leaders expressed hope the summit will help move forward the reconciliation process in the Korean Peninsula. Putin welcomed Kim’s contributions to “normalizing relations” with the US and opening a dialogue with South Korea.

Kim said he hoped the Vladivostok summit would be a “milestone” in the talks about denuclearizing the Korean Peninsula, but also build upon “traditionally friendly ties” between Russia and North Korea.

The North Korean leader also made a point of thanking Putin for flying all the way to Vladivostok for the meeting. The Far East Russian city is only 129 kilometers from the border with North Korea.

The historic summit takes place less than two months after Kim’s second summit with US President Donald Trump in Hanoi fell apart without a breakthrough on denuclearization. The US rejected North Korea’s request for partial sanctions relief in return for moves to dismantle nuclear and missile programs; Washington insists on full disarmament before any sanctions are removed.

Denuclearization of the Korean Peninsula is the main subject of the Kim-Putin summit, but there will also be talks about bilateral relations, trade, and humanitarian aid. The first one-on-one meeting is scheduled to last about an hour, followed by further consultations involving other government officials.

Following the summit, Putin is scheduled to visit China.

 

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Kim And Putin: Changing The State Of The Board In Korea

The future of Korea could be decided by these two men today.

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Authored by Tom Luongo:


Today is a big day for Korea. The first face-to-face summit of Russian President Vladimir Putin and North Korean Leader Kim Jong-un takes place.

At the same time the 2nd annual Belt and Road Forum kicks off in Beijing.

This meeting between Putin and Kim has been in the works for a while but rumors of it only surfaced last week. But don’t let the idea that this was put together at the last minute fool you.

It wasn’t.

The future of Korea could be decided by these two men today.

I know that sounds bold. But hear me out.

And while no one seems to think this meeting is important or that anything of substance will come from it I do. It is exactly the kind of surprise that Putin loves to spring on the world without notice and by doing so change the board state of geopolitics.

  • Russia’s entrance into Syria in 2015, two days after Putin’s historic speech at the U.N. General Assembly
  • 2018’s State of the Union address where he announced hypersonic missiles, embarrassing the U.S. Militiary-Industrial Complex which accelerated the Bolton Doctrine of subjugating the world
  • Flying 2 TU-160 nuclear-armed bombers to Venezuela, creating panic in D.C. leading to the ham-fisted regime change operations there.
  • Nationalization of Yukos.
  • The operation to secure Crimea from U.S. invasion by marines aboard the U.S.S Donald Cook during the Ukrainian uprising against Viktor Yanukovich.

Both Putin and Chinese Premier Xi Jinping are angry at the breakdown of the talks in Hanoi back in February. It was clear that everyone expected that meeting to be a rubber stamp on a deal already agreed to by all parties involved.

In fact the two meetings between Kim and Trump were only possible because Trump convinced them of his sincerity to resolve the ‘denuclearization’ of North Korea which would clear a path to rapid reunification.

It’s why they went along with the U.S.’s increased sanctions on North Korea as administered through the U.N. in 2017.

That John Bolton and Mike Pompeo destroyed those talks and Trump was unwilling or unable (who cares at this point, frankly, useless piece of crap that he is) to stop them embarrassed and betrayed them.

They are now done with Trump.

He’ll get nothing from either of them or Kim until Trump can prove he’s in charge of his administration, which he, clearly, is not.

And they will be moving forward with their own agenda for security and Asian economic integration. So I don’t think the timing of this meeting with that of the Belt and Road Forum is an accident.

And that means moving forward on solving the Korea problem without Trump.

It is clear from the rhetoric of Putin’s top diplomat, the irreplaceable Sergei Lavrov, that Russia’s patience is over. They are no longer interested in what Trump wants and they will now treat the U.S. as a threat, having upped their military stance towards the U.S. to that of “Threat.”

If Bolton wants anything from Russia at this point he best be prepared to start a war or piss off.

This is also why Russia took the gloves off with Ukraine in the run up to the Presidential elections, cutting off energy and machinery exports with Ukraine.

To put paid Putin’s growing impatience with U.S. policies, he just issued the order to allow residents of Lugansk and Donetsk People’s Republics to apply for Russian passports.

This will send Bolton into apoplexy. Angela Merkel of Germany will be none too pleased either. Putin is now playing hardball after years of unfailing politeness.

It’s also why Lavrov finalized arms and port deals all over the Middle East in recent weeks, including those with Lebanon, Egypt, Turkey and India.

Bolton, Pompeo and Pence are ideologues. Trump is a typical Baby Boomer, who lives in a bubble of his own design and believes in an America that never existed.

None of them truly understand the fires they are stoking and simply believe in the Manifest Destiny of the U.S. to rule the world over a dim and barbaric world.

Putin, Xi, Rouhani in Iran and Kim in North Korea are pragmatic men. They understand the realities they live in. This is why I see Putin willing tomorrow to sit down with Kim and flaunt the U.N. sanctions and begin the investment process into North Korea that should have begun last year.

Putin would not be making these moves if he didn’t feel that Bolton was all bark and no bite when it came to actual war with Russia. He also knows that Germany needs him more than he needs Germany so despite the feet-dragging and rhetoric Nordstream 2 will go forward.

Trade is expanding between them despite the continued sanctions.

Putin may be willing to cut a deal with President-elect Zelensky on gas transit later in the year but only if the shelling of the LPR and DPR stops and he guarantees no more incidents in the Sea of Azov. This would also mollify Merkel a bit and make it easier for her politically to get Nordstream 2 over the finish line.

There are moments in history when people go too far. Bolton and Pompeo went too far in Hanoi. He will pay the price now. Putin and Kim will likely agree to something in Vladivostok that no one is expecting and won’t look like much at first.

But the reality is this summit itself marks a turning point in this story that will end with the U.S. being, in Trump’s transactional parlance, a “price taker” since it has so thoroughly failed at being a “price maker.”

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