Its not enough that the Eurogroup will make sure Greece carries out harsh austerity and cuts in just about every part of its economy, while raising taxes just about everywhere and for everyone…but any chance of Greece looking for additional financing and investment from the powerhouse BRICS nations will also be strictly prohibited under the new deal being hashed out in Brussels.
Now that Merkel and Schäuble have Greece right where they want it, it’s time to permanently break any hopes and dreams Greece had of growth and opportunity that can be found in the Eurasian new silk road.
Germany wants to squash any possible pivot, or though of a pivot, that Greece may have hoped and dreamt of with Russia and China.
Forget Greek Stream, forget the AIIB and the BRCIS development bank. Forget the SCO…Greece will be prohibited to play with Russia and China. If, and after, the new debt deal is signed with the Troika, consider Greece under quarantine.
Greek site, Defencenet.gr reports…
Creditors are not only making sure to enforce “harsh” austerity, which will make the previous debt deals look like kid’s play, but embedded within the terms of the new loan agreement, creditors will prohibit Greece from seeking any financial assistance from third parties…i.e. Russia and the BRICS.
Keep in mind that the 70 billion euro package [now closer to 100 billion euros] which Europe is putting together is not real economic help for Greece…as nearly all of the money loaned will immediately be used to pay off debt, with not one cent being used to help the Greek economy grow.
This leaves the natural gas pipeline [Turk Stream to Greek Stream] as the only visible source of investment into the Greek economy…and that too is under the condition that the EU approves the plan (it won’t).
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of The Duran.