European Solidarity? Nein, Bankers’ Solidarity!

Bankers' Solidarity in Action!

After many years of bad debt and poor governance, Greece still finds herself in a rather precarious financial situation. Her week government led by Alexis Tsipras’ “socialist” party has gone from bad to worse where decision making is concerned, accepting bad debt after bad debt while refusing to take the necessary steps to address their currency shortage, namely leaving the Euro. A third “bailout” package, carefully put together by the king-makers at the European Central Bank (ECB) and International Monetary Fund (IMF), and thought to be worth an eye-watering €8.5bn, has recently been agreed.

The country’s poor financial situation has taken its toll; 23.1% of Greeks find themselves to be unemployed (although ironically, this figure is actually seen as a marked improvement on the 30% highs during 2014 and 2015), whilst youth unemployment sits at around 52%, the highest in Europe. Suicide rates have risen by a sickening 35% in recent years, as shortages of food and the inability to earn a dignified living have had devastating effects on families across the country.

Greece’s government has oftentimes displayed a strange sort of Stockholm Syndrome in their attitude toward their financial hostage takers, the ECB and by extension, the European Union. It has become a familiar sight to see the Greek Prime Minister or his Finance Minister by proxy stand in the docks at high noon, grovelling to the European Parliament in a feeble attempt to snap up the crumbs of big German capital. Of course it goes without saying that the Greek government hasn’t yet mustered the nerve to leave the Euro, despite the general consensus amongst genuinely impartial economists being that this would be the best remedy for their current sorry state.

But what of the rest of Europe? As they were keen to remind us here in Britain during last years’ referendum campaign, the European Union was founded on the premise of European solidarity, a high-minded ideal aimed at financial security and the prevention of war. It all sounded so grand that one could be forgiven for thinking that the EU wished to eliminate all the suffering of the world.

The reality, it goes without saying, is a different Europe altogether. The solidarity displayed by the rest of Europe toward their Greek neighbours during the latter’s troubled times has been non-existent, and quite frankly, it’s disgusting. That the usurpers who stand in the European parliament dare to proclaim themselves an ally of the Greek people is shameful, and any European of any decency that reelects them should be equally ashamed.

What has really taken place is one of the greatest looting operations of modern times. German banks, with the European Central Bank acting as puppet-master, have forced bad debt upon the Greek government – and therefore the Greek people – being sure to include astronomical interest rates as they do it. This giant scam has resulted in cash profits for Germany’s banking elite to the tune of €1.34bn, whilst enabling them to save a further €100bn through savings made as a result of their Greek exploits. The various other central banks of Europe who have a stake in this bad debt have also managed to take a juicy slice of the Greek usury cake – their profiteering truly knows no bounds.

Now, if you pay attention to the situation in Europe, you may well have noticed a startling void in the logic of these international bankers; are they not the very same people telling us that we need all these young African migrants to fill gaps in the labour market, thereby funding the baby boomer (68er) generation in their old age?

This illogical approach to both the migrant crisis and the Greek debt crisis is multi-faceted; firstly, they tell us that there isn’t the money to fund a growing class of pensioners in our northern European lands. Then, they rake in huge profits from scamming the Greeks out of all their money. Then, as they throw nearly a quarter of Greeks into unemployment, they tell us we need migrants from Africa because we have a shortage of unemployed young males…

However, this all boils down to exactly what sort of solidarity is really at play here. Clearly, its bankers’ solidarity, for there is plenty of money available to fund our elderly – ah, but wait, they can’t have it as that’s the bankers’ money! But what of the huge usurious profits they make from their crippling deals elsewhere, you may ask? Don’t be absurd, that’s the bankers’ money too!

Finally – and perhaps most infuriatingly – we may begin to question why we are in demand of migrants from Africa and Asia when there is a growing pool of unemployed young men right here on our continent? Well, there’s no witty answer to this. The simple truth is that the young Greek men and women who can’t get a job for 6 months, 12 months, 18 months and so on, are just the wrong kind of unemployed. They simply don’t fit the job description, they aren’t to the bankers’ liking – they’re not foreign.

I put it to you, that there is no such thing as ‘European solidarity’ under the present European Union system of governance. The only solidarity in action on this continent is bankers’ solidarity, whereby the same old men usurp and steal from Europeans, being sure to inflict a good dose of misery in the process.

William is a writer based in England, Great Britain.