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NYT: Conspiracies, Coups & Currencies – Greece & Italy

Do the markets cause the end of Democracy in Europe? If their pressure on elected governments is immense, the answer is most probably…. “Yes!”. There is this interesting article published on New York Times about “Conspiracies, Coups and Currencies“. It coincides more or less with the KTG-article “ Post-Post Modern Coup D’Etat; It’s the Markets, Stupid!”. However there is another question that arises: What if Papandreou was real capable of solving the crisis with more clever maneuvers? 

“But for the inhabitants of Italy and Greece, who have just watched democratically elected governments toppled by pressure from financiers, European Union bureaucrats and foreign heads of state, it evokes the cold reality of 21st-century politics. Democracy may be nice in theory, but in a time of crisis it’s the technocrats who really get to call the shots. National sovereignty is a pretty concept, but the survival of the European common currency comes first.

There were few tears in Italy and Greece for Silvio Berlusconi and George Papandreou, the prime ministers — respectively corrupt and hapless — whose downfalls were engineered by the Brussels-Berlin-Paris axis. But their forced departures, however welcome, open a troubling window on what a true European state would look like. Stability would be achieved at the expense of democracy: the rituals of parliaments and elections would endure, but the real decision-making power would pass permanently to the forces represented by the so-called “Frankfurt Group” — an ad hoc inner circle consisting of Germany’s Angela Merkel, France’s Nicolas Sarkozy and a cluster of bankers and E.U. functionaries, which has been spearheaded European crisis management since October.”

Read Full NYT Article Here

PS What a pity that the Frankfurt School of social theory (Horkheimer, Adorno, Habermas) turned into a simple Frankfurt Group of technocrats and conservative politicians. Why do the European intellectuals remain silent to these trailblazing developments?

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8 comments

  1. 😆
    He has not seen the looks of utter despair and real horror on the faces of the PASOK deputies when GPap announced in front of them his referendum plan. They then toppled the man. Or are they all wired to the Brussels-Berlin-Paris-Axis?
    Strange piece. He mixes everything up. The US does not have any authority above them. The EU-countries clearly have. So his Black Heli story does not fly here. And in Greece still a majority is in favour of staying in the Euro, but he is confusing the euro with the lack of democratic touch stones in the development of the EU as a whole.
    GPap was toppled not because some Axis said so, but because his own deputies rebelled. And Berlosconi went down because the only cork his rule was still floating on, the economy, was sinking fast. And a democratic vote gave enough parliamentairians of his own party the opportunity to get rid of him. Again: are these all stooges whose ropes are pulled in some foreign capital?
    I love a good conspiracy theory, but this is just ridiculous. Coming from Italians or Greeks I can imagine why they would tell a story like this: 9 out of 10 times to not have to confront the real questions or problems. But this ROSS DOUTHAT? 😕

    • NYT idea is correct, the approach is wrong lol

    • I love a good conspiracy theory, but this is just ridiculous.——-There is none so blind as those that will not see. Continue to bury your head in the sand, one day you will have to take it out, and that day will be when you cannot deny what is happening any longer. What the NYT has printed is not a conspiracy theory, it is actually happening. No matter how you want to dress it up GP was removed by the EU, not his own deputies, Why was an EU technocrat installed? Why not one of the deputies? The technocrat is NOT going to do what is best for Greece or its people, he will be doing what is best for the EU and to save that abomination of a currency the euro. The bureaucrats in Brussels will see you all starve before they let their cherished dream of a Federal State of Europe be interferred with, ordinary people are treated like bugs by the EU, crushed, threatened or intmidated. I’ve been reading this blog, and very good it is, for some time now, and I can’t believe that the Greeks still want to be part of this monstrous organisation AND the euro. The love affair with the euro is quite mind boggling, all Europeans, not only Greeks, are being bled dry to pay for its survival. Sadly because people can’t/won’t see the aims of the EU the democracy started in Greece and will end in Greece, and thinking the NYT published a conspiracy theory really shows how people have been misled, misinformed and outright lied to by their own politicans. God help us all, no one else seems in hurry to do so.

      • Dear Anon,
        apart from the real practical reasons of a Greek euro exit (collapse of the banking sector, 60% devaluation of national currency etc) there is one main reason why Greeks want to remain in the EU: under the current circumstances (political, economic, corruption, nepotism, clientelism mentality etc) Greece outside the EU will invent a new term, i.e. Fourth World country.

        • Obviously, all politicans, Greek or otherwise are corrupt, greedy and practice cronyism on a grand scale, but they are lightweights beside EU bureaucrats, those in the EU are not only corrupt etc., they want power, absolute power over every single person in Europe, as will become clear as time goes on, they’re using Greece and other countries that are heavily in debt as a stepping stone to achieve their aims, full & complete integration with full and complete control. Once this is achieved elections will just be a habit from the past, the illusion you’re being given a choice, (the same as they’re doing to you now) you’ll not have a government that rules Greece but EU bureaucrats/technocrats that rule the Greek government. The techoncrats the EU have positioned in Greece and Italy are EU place men who were/are wedded to the EU project, you’ll will no longer set your own budget, hospital, energy, farming, shipping policies, the EU will be the masters setting policy. To Greece outside the EU being a Fourth World country, I don’t believe so, but you’d be free, albeit still in debt, but a debt they can work their way out of without constraints from the EU, obviously honest politicans with Greece and its people as their main concern in government. Greece has given up its sovereignty in exchange for bailouts and you don’t seem to care. Do you honestly think that if/when Greece is stable the EU are going to give it back, they won’t, the only way you’ll get that back is if the EU falls or they sling you out. I know from reading this blog that some who comment don’t take kindly to hearing the truth about the EU and euro. I have no wish to wish to upset anyone. I pray for the EU to collapse every day. Be strong.

          • Obviously, all politicans, Greek or otherwise are corrupt, greedy and practice cronyism on a grand scale

            No, not all politicians are corrupt, greedy and so on. Saying that might be very popular. But it’s the same as saying that all Greeks are lazy, all Germans are Nazis, all Dutch walk on wooden shoes and all Brits are racists. To name just a few unhealthy examples.
            Generalizations like these make any discussion or exchange of ideas very difficult, IMHO.

  2. No, not all politicians are corrupt, greedy and so on. Saying that might be very popular. But it’s the same as saying that all Greeks are lazy, all Germans are Nazis, all Dutch walk on wooden shoes and all Brits are racists. To name just a few unhealthy examples.
    Generalizations like these make any discussion or exchange of ideas very difficult, IMHO………………..To all politicans not being corrupt, true to an extent, but once elected they’re sucked into the political bubble, where those that aren’t corrupt and really want to represent the people and not themselves end up being bullied or sucked into towing the line, so unless there’s a majority of un-corrupt, patriotic politicans, then the corrupt, liars and propagandists will win out every time. The answer, I don’t know, but having the same old parties time and time again isn’t the answer either, all that happens is you change one lot of shysters for another, they just go by a different party name, revolving door politicans. I’ve come to the conclusion that the first 100 picked out of a telephone book would represent us better than what we have. It’s no good saying the pols should live like the rest of us for a while, it’d do no good because they know they’ll be going back to the cushy lives they’ve become accustomed to, paid for by the taxpayer, who are forced to give most of their hard earned money to these same self-serving politicans. Not forgetting the taxes that go towards being a member of the EU, we’re all having to pay for the unelected bureaucrats too.