By John Galt
November 1, 2011 – 21:35 ET
Ambrose Evans-Pritchard nails it tonight in his UK Telegraph commentary:
(Click on the link above to read in full)
The Greek referendum – if it is not overtaken by a collapse of the government first – has left officials in Paris, Berlin, and Brussels speechless with rage. The ingratitude of them.
The spokesman of French president Nicolas Sarkozy (himself half Greek, from Thessaloniki) said the move was “irrational and dangerous”. Rainer Brüderle, Bundestag leader of the Free Democrats, said the Greeks appear to be “wriggling out” of a solemn commitment. They face outright bankruptcy, he blustered.
Well yes, but at least the Greeks are stripping away the self-serving claims of the creditor states that their “rescue” loan packages are to “save Greece”.
And the last sentence is the truth. The entire purpose of the “bailout” was to preserve the strength and enhance the power of central banksters worldwide as it was only a charade presented to the citizens of the PIIGS to “save them from themselves” when in reality their dysfunctional economies and political systems worked to the satisfaction of the masses until the promises of greater socialism with a monetary union were sold to them years ago.
Now the bills are due from unfulfilled promises and truly irrational designs to enslave nation states to a banking regime which extinguishes nationalist idealism and identity in addition to freedom for the residents of the weaker member nations.
Claims of sovereign rights for nations, like leverage is truly a bitch.
And when they both bite back, those who over played their hands bleed the worst.