Well said, Professor. Unfortunately, Greece pays the role of the scape-goat while the new authoritarians of today impose what Maurice Joly was describing as "Machiavellian Politics of Louie Bonaparte in the 19th century", in his "Dialogue in Hell Between Machiavelli and Montesquieu" (link below), and especially the chapter on "debts and economy". IMF on its part have become another face for "absolute power", so the real absolute power cannot be blamed but instead can hide its politics behind and international mask. For what that matter, Professor Roumeliotis - former representative of Greece to IMF and ex vice president of the organisation's department dealing with execution, while speaking to the "Commission of Truth for the Debt" (#‎Epitroph_Alh8eias‬) three days ago, said that former IMF president Stros Kan was in early 2010 pushing former Prime Minister of Greece Giorgos Papandreou and France and Germany to accept an early "haircut" to the public debt, up to 30-40%, which would more or less hurt the private lenders of Greece, namely French and Germans and Greek banks, more than it would hurt the Greek State of Greek people. There were even meetings in Washington for that to happen, but representatives of the French and German governments refused to do so, representing their banks insterests and their nationalistic agendas instead of the European treaties and their public interest, for what that matters. Greek Prime Minister also refused to accept that proposal, saying he could not sustain the political cost and then facing an indirect coup-d-etat that moved him out of office and put in office then non-elected former president of the National Bank of Greece. Well, in this reality, Stros Kan was arrested and discredited, that effort went to the garbage, banks imposed their solutions, the Franco-German Axis pushed them further and new IMF leadership put its stamp and galvanized it, so the debts of the banks may be transfered to the Greek people, their losses get socialized and their gains get privatized. European social and political cohesion was destroyed and new absolute power became the "resort of last instance" for all "small and unprotected nations of the European continent and the South at large", Euro came to parity with dollar and European unification process became a means for a Germanized Europe, instead for a Europeanized Germany, as it was till that time. Who gains and who loses big time over this strategic handling of the American collapse of 2006-2008, whose aftermath was the spill-over effect that transfered the "crisis' to the European South and then the whole EU? This is the question.



To bring it to a close, one should consider the main facts I would sa. That is that the world public debt is about 61 trillion, from which G7 owns about 38 trillion and the rest 189 of the 196 countries of the world about 23 trillion. Greece owns about 0,0036% of that amount, while USA owns 18/61 (about 1/3,5), Japan 10/61 and so forth. And instead of talking about a world restructuring of the public debt, we talk about Greece its non-sense politics, its corrupted leadership that accepted that deal, etc, etc. Who created the crisis in the first place and for what purpose, what was its scope and for what reason if not to become the one and only "absolute power" of the 21st century, as "Bonaparte the Little" (as Ougho called him) once did?



Great analysis of yours but for strategic situations as the one occuring over Greece, strategic analysis is a prerequisite, as it has to beggin with the fact that economic means are only one of the three main dimensions of the "real power" of the power holders, with propaganda and arms fulfilling the "wholly trinity", as Bertrand Russell could, or would, say.



Here is the link, check on debts and economy, it most accurately describes what is really happening I strongly believe. And keep up the Great Great Work - Science with a Philosphical and Social Perspective is what separates us from a new Dark Age of the New Absolutists of our Metamodern World, these machinized people who beyond logic, harmony and "metro" put their money on artificial intelligence while transforming human intelligence to "instrumentum vocale" (as the slaves were called in the time of Romans) or destroying it all together, or both!



http://www.notbored.org/dialogue-in-hell.html