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If Germany wants Grexit & Lafazanis wants Drachma, the logical conclusion is: Berlin supports Popular Unity!

Many Greeks have been wondering what is the purpose of the snap elections scheduled for September 20th? Some answer the question replying “Tsipras could not govern with the support of the opposition but without the support of his own MPs,” others warn that “with such a huge debt and such austerity programs, no government will manage to stay in power for long.” There are also those who claim that “no matter what the Greeks vote, no matter which government is in power, it is the creditors who decide on how the country will be ruled.”

This last approach is not completely wrong even if some Greeks still have the illusion that are being governed by the political party the majority of voters cast their votes in elections in a procedure that busts out of democracy.

It was just yesterday, that several officials from the creditors’ institution indirectly signaled what they think of the Greek voting process:

“Officials will stress that any new government that emerges from this month’s poll must meet the current bailout terms in order to release the E3 billion pending from the its first loan tranche and have already warned the interim government to continue with the implementation of prior actions set for September.”

IMF official in charge of Europe, Poul Thomsen, told members of the Fund board that the “Greek review will most probably be delayed until October” due to the snap elections and the establishment of the new government and reminded Greeks that they have an outstanding IMF-payment of 1.5 billion in September.

Back in Europe, Germany, Schaeuble & Co beat their drums in the same old Happy Grexit tunes.

Leaving the euro might help struggling Greece, German chief economist, euro architect and former European Central Bank (ECB) board member Otmar Issing told CNBC on Tuesday.

“The euro is irreversible – but if it is irreversible for every country has become an open question,” Issing told CNBC on Tuesday.

“For Greece, there are very good arguments that it would do well outside the euro area for some time to come, but it all depends on the Greek government’s reactions” Issing told CNBC.

Now this Issing statement reminded my the exercises we had to solve in school, during Logic – the Basics. A valid reasoning based on facts.

Listening to ex energy minister and SYRIZA-rebel Panagiotis Lafazanis and his Popular unity I cannot help by draw some weird conclusion.

Talking to media, Lafazanis keepσ repeating that “Drachma” is the only solution that will free Greece from the torture of bailout agreements and austerity program.”Return to Drachma is a matter of survival,” he said.

Therefore my question: if Shcaueble and Lafazanis agree on Grexit, does it mean that Berlin supports the Drachma lobby?

On the other hand, Lafazanis want to nationalize all Greek banks and that’s s, something that neither the ECB and nor the Issings and Schaeubles would not like…

Of course, for Germany there will always be the option of the Greek Communists Party, KKE supporting “end to bailout, end to euro, end to NATO, end to EU,” end to everything. If it wasn’t this aversion against anything ‘communist’ deep inside Chancellor Angela Merkel…

PS what do you mean “No, it is not like that, your logic is illogical?”

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  1. “No, it is not like that, your logic is illogical?”

    Plausible, by rules different from logic reasoning, yes.
    Being plausible, may still be false.

  2. I suspect that Germany doesn’t support the entire Popular Unity plan – complete default on foreign debt, nationalization of banks, termination of privatization, etc….