Quarantine Greece? EU is placing terms into new loan proposal that will cut Greece off from BRICS financing

The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.

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, 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 this site. This site does not give financial, investment or medical advice.

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Abraham Seggfej
Abraham Seggfej
July 12, 2015

It is a mystery to me that after all the debt and financial damage the Greeks have endured, do they really believe that ‘ more of the same thanks” is going to make their dire situation better ? Are they suffering a type of National Stockholm Syndrome ? Have they not had enough of the EU delusion ? Tsipras was probably wanting to exit the Euro and symoultaneously join the BRICS ( perhaps as an associated member), and get a devalued Drachma back . According to the reports I have seen on the media, the Greek population just want a… Read more »

Reply to  Abraham Seggfej
July 13, 2015

Yes, it is a mystery that the Greek government and people won’t nationalize the banks, re-institute the Drachma, repudiate the debt, and turn East. If Greece submits this week to being plowed and plundered then they deserve it and will not recover for a generation or more. There is one other possibility, that if the worst happens the stage will be set for the start of a new cycle of worldwide revolution like the period of ferment in the late 1800’s to early 1900’s.

Archelaos Varkaris
Archelaos Varkaris
July 13, 2015

I don’t know who are you people and what kind of game you are playing but behind the grexit rhetoric of “friends” and “sympathizers” there are drooling vultures. We don’t have Stocjholm Syndrome american idiots. Greece has more to loose than to gain from a grexit not from the EZ but also from the EU and NATO. The west has never been kind to us for centures but they are the lesser evil. We need you because we are small and weak and not because we like you. Greece will loose her voice, negotiations and veto power over our national… Read more »

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