Greek Prime Minister Warns of Societal Collapse Like Weimar Germany; Citizens Storm Defense Ministry

[JackRiddler]

13. Today is also a crucial period.

Samaras and ND are leading the charge on the next round of austerity as ordered by the Troika, despite the disastrous results of the first two rounds, with a shrinking economy making it ever more impossible that Greece can get out of the hole. Austerity in the midst of 50% unemployment for those under 30! All this is delaying the inevitable - default and drachma. Adopting a Golden Dawn-style position on immigrants and refugees doesn't endear ND to me, either. ND also assented to the brief bankers' junta earlier this year.

ND is historically responsible for the least productive and most odious parts of the debt -- those accumulated at higher interest rates under the swap deals with GS and JPM Chase so as to falsify actual public debt levels. For that alone this party should no longer exist. They have weathered political rejection better than PASOK only because Papandreou refused the historic opportunity to do the right thing immediately in 2009, and fucked up throughout the next three years of crisis. He should have defaulted on ND's secret deals as soon as these were revealed. He should have also gone ahead with the referendum idea earlier this year. Instead his incompetence (presumably intentional) opened the way for ND's return. Both of the traditional ruling parties must and will go. The longer it takes for an anti-austerity, anti-troika government to come to power from the left, the more popular Golden Dawn is going to get.

Hope from a distance is cheap, but right now mine is vested in Spain and Portugal. If the governments there fall and anti-austerity governments come to power, it may sweep the rest of the austerity regimes out in a 1989-style wave.