What Comes After Greek?
78 Billion Euros have been injected to Bailout Portugal after similar efforts have been taken on with Ireland and Greece. What’s Next? Spain is facing similar trauma as unemployment rate goes higher and the reclaim for the current government’s restrictions is roaming in the streets of Madrid.
An add-on to this is the latest detention of FMI’s director Strauss-Kahn who simply couldn’t resist his ‘human nature’ and is now facing sexual assault charges which are shattering the ground of the already wobbly foundation of the EU as economical institution.
The question at hand is:
Will the Bailout for work for Greece ? Will ‘re-structuring’ the debt work?
Placing Greece and other countries out of the EU would double up their debt just by converting to their old currencies again.
Who would be affected by these countries going out of the EU? Those with the most juicy inversion in it which is the reason why Germany is wanting to ‘soften the debt’ at all cost.
Almost a year ago while visiting Germany, there was a lot of hatred towards Greece and their on going situation. German citizens were complaining about having to pay ‘the Greeks’ squandering’ with their taxes which only creates further separation where these type of dependencies exist solely as a way of a forced support that inevitable goes beyond the financial-border and creeps into people’s minds which breeds discrimination from people in a certain country.
There must be a consideration towards the inherent separation that’s created at the level of individuals in these countries wherein one is ‘feeling abused’ for paying the others’ ‘squandering’. This can only result in further underlying violence, hatred and discrimination between nations.
Why is the individual not considered as equal within this? How come we’ve made of money the eternal damnation upon people’s pockets, people’s identities as ‘nations’ and claiming to be such position just because of how a system ‘functions’, a system that WE have created as humanity. That is sincerely insane.
Now, Spain has been trying to keep itself out of the ball game in this but it’s already facing people’s demands due to record high unemployment of up to 21%. How long can the EU continue rescuing countries?
We realize that none of this forced-agreements on bailing out countries or ‘reducing their debt’ as a way to keep these countries on board will work in the long run. There’s been several asseverations that the EU as an economical institution won’t work – this is due to being mostly still covering up inherent flaws within the nations that are using the Euro while having severe differences and disadvantages to other countries using the same currency.
Is this about creating more money? More institutional support? Re-Structuring the Debt?
No. More money would result in more debt and more fictional band-aids placed to an inherent crack that’s always been existent as the structure of the current system we’re living in at a worldwide scale just based on how money is created and currently existent.
This ongoing situation of bailout parties is certainly placing the Euro at risk – this places on the table the actual requirement in this world of an overall reform to the Economical System, this system as it is cannot possibly keep on going bailing out countries with non existent money that’s only based on Debt.
Re-structuring debt only means covering the sun with one finger – this won’t work either obviously.
We are proposing an overall reform to the current economical system into an Equality System wherein Money won’t be based upon debt and money won’t be only existent to give more power and authority to some than others, but will be an actual consideration of all countries and all people requiring to live without debt, to actually get to an equal stage that is no longer based on the past of debts and crisis.
This is what we are facing all over the world – not only in the Euro Zone – Since I’ve been aware of my country I’ve learned in school about the stratospherical numbers of the debt that’s been in place and that cannot be possibly ever paid back as that would mean, in most cases not only in México, the entire bankruptcy of the system.
Forgiving the debt through the Equal Money System is the way to go.
Research the website, realize that this is a change that can only come within the understanding of common sense and not current economy laws.
This change will come from people like you and me reading this blog – time to take the actual politic stand that we’ve all been ‘waiting for’
”The most urgent issue is the question of leadership and perspective in the working class. The opposition of workers and youth must be armed with a conscious revolutionary program based on the critical political lessons of the past century of struggle. That requires the building of new parties based on the program of socialist internationalism
Twice in twentieth-century Europe, the same fundamental contradictions of capitalism, including centrally the conflict between global economy and the nation-state system, led to world war. The only force capable of unifying Europe in a progressive manner is the working class, on the basis of a revolutionary program to overthrow capitalism”
The World is calling, We are Calling: the Equal Life Party
Quote taken from: http://www.wsws.org/articles/2011/may2011/pers-m10.shtml