Greece: Author of democracy rejects EU neo-authoritarianism

Rejoice! Greece is re-invented as the great author and supporter of democracy, as the Greeks say NO to the neo-authoritarian ambitions of Brussels. They’ve burnt the deep integrationist EU project at the stake. But the failed, anti-intellectual bigots in Brussels will now exact a very cruel price

We can do this in five quick paragraphs, and let’s start with a massive round of applause to Greece, the country that invented the word, while our British classical liberals turned it into something with universal meaning: Democracy has scored a huge victory, as the dubious neo-authoritarian ideal from Brussels has just been burnt at the stake.

  • Shebel

    The stock markets are plummeting like a stone.

    • David Murrell

      Well, I am up to 40 percent cash in my portfolio, with none of it in European stocks, but my defensive posture is not enough.

      • Shebel

        How the Hell did you manage that?
        Did you just luck out on a couple of good ones?

        • David Murrell

          A long time ago I learned from investment books to always hold a certain percentage in cash — so when the market falls, one has money to spend on good companies. Generally any financial expert will say to hold 10 percent in cash over the long run just for transactions. The market seemed overvalued recently, and with Greece, I decided to go from about 20 to 40 in cash. Still not enough, since things might get bad in Europe.

          • Shebel

            That is what I am doing now. I am too old to gamble.
            With the exception of Nortel– almost every stock that I held came back with time— EXCEPT– that I got too skittish and sold.
            Not this time. I hope. ))))

  • El Martyachi
  • Shebel

    I heard tell of some Saudi Prince that has $40 ,000,000,000 to give to charity.
    Maybe the Greeks could use it.

  • canminuteman

    Yes, it’s all very democratic to vote to not pay your bills, but as I regularly have to tell my pre teen children “actions have consequences”.

    • Effectively, they want to receive more money from the taxpayers in other European countries, without making any effort in return. That is not democracy, that is welfare statism on a grand scale, where a whole country is on the dole. That they democratically elected to do this does not change its nature. It is a socialist project, a communist project, even if it goes against current EU authoritarians.

      • canminuteman

        Agreed, I guess the sarc didn’t come through in my tone.

        • It came thru all right.

          • David Murrell

            And I tend to agree with both of you, and disagree with the TheCommentator post. It is all well and good to be a conservative and to reject all of the p-c EU claptrap — and to join anti-EU parties — but let’s not forget that Greece is one big humongous ultra-left welfare state, with few exports, few real workers and businesses — a country dominated by greedy unions, overpaid government workers, and huge amounts of red tape. I can see where rightists would vote “no”, but the mindless victory parties in Athens were for the ultra-leftists.

          • andycanuck

            Right on. Stalin fighting Hitler (or Hitler fighting Stalin) wasn’t democracy being realized.

          • Morticiaa

            You forgot the hideously corrupt tax system, where billions are still owed by the rich… And billions of back tax never collected
            Infrastructure problems?….??? Ya think?

      • Billy Bob Thornton

        Except the communists were against the idea of an economic union forever in Greece and in every nation in the EU. Communism by its very nature does not believe in capitalism and does not believe in private property. The same with socialists, actual ones. They wouldn’t want to be in the EU. This proves that Syriza is not purely socialist but in fact a democratic socialist party that wants renegotiation of the terms. The EU was failed from the start mainly because how were you going to tie in 20 different economies under one union. It had no real thought from the start. Nationalists, communists and socialists would normally want out of the EU, but Syriza is alright with the union but the anti-austerity line. It tells me those critical of the EU want to lump the failure of the EU to socialists when it is a capitalist and in fact fascist union.

      • It is impossible to be sympathetic to either side in this.

        • Still, the Germans are right in being indignant. I heard on TV that each German has so far contributed Euro 830 (or so) to the Greeks – and the latter are not even grateful.

          Moreover, Germany itself has a debt of several times greater than Greece’s to service. Moreover, to further support Greece means less money for Germany’s (and France’s etc) own poor, who are many times more numerous than Greece’s. So all this is really a shakedown by Greece, much as one can feel sorry for its poor.

          • Exile1981

            It would be interesting to find out who Germany owes money to, maybe they could give them the greek debt in exchange for their own debt.

  • FactsWillOut

    Racketeers and extortionists don’t deserve to get paid.
    Greece will be better off out of the EU, as will all of Europe.

    • canminuteman

      There is no extortion involved. If you borrow money, you pay it back. If you can’t you don’t. If you borrow money with no intension of paying it back, it’s fraud. Not that I have any sympathy for the banks, because they have to be run by complete idiots to lend that kind of money o Greece, because they can’t be stupid enough to think they were going to get it back.

      Greece has been living like a drunken sailor with a stolen credit card ever since it lied its way (with made up economic data that everyone knew was made up but pretended not to notice) into the Euro. What we are seeing now was obvious to everyone. Both the Geeks and the banks are getting what they deserve.

      • Clausewitz

        If I owe you $100 it’s my problem. If I owe you $10,000,000 it’s your problem.

  • Millie_Woods

    A pox on both of their houses.

  • Maurixio Garcia Sanchez

    Greeks are now in this 21rst century acting as a beggars making themselves a misery to their own society.

  • Waffle
  • ntt1

    its ok to celebrate victory if there is full understanding of the consequences .Greece will have a very hard time of it ahead. There will be no repeal of austerity which is in fact reality.

  • Billy Bob Thornton

    Globalists believe in the EU, not those that want national sovereignty and why the only way to build economies of the future is to have national borders and 20 different economies again all independently ran and for the betterment of the people living in each individual country. Austerity is a shell game, and in fact austerity done in the nations in southern Europe has in fact increased the overall debt-to-GDP ratios in each of the nations using it. Take Britain for example. They are using austerity and in just five years their debt has increased from 700 billion to 1.5 billion. That is in fact doubling of the debt. People need to realize that the debt could be manufactured as the banks demand the money, but it was taken against the will of the people through bailout plans they never wanted. Countries that have no plans and no plans to pay off debts are called Ponzi scheme economies, and most Western nations are debtor and are as such Ponzi scheme economies.

    • Billy Bob Thornton

      I meant 1.5 trillion not 1.5 billion but I have checked many articles showing that Cameron has no intention of paying down Britain’s debt, but they do plan to use austerity, a failed strategy.

      • Jabberwokk

        No it’s a Hard strategy not a failed one. Socialism doesn’t work and never will. You can’t spend yourself rich no matter how much you ‘feel’ it should.

  • Norman_In_New_York

    The EU had no business allowing deadbeats into the Eurozone. Indeed, if there were no Euro, there would be no crisis.

    • It may prove the EU’s undoing, not a bad thing of itself.

  • Jabberwokk

    Is it really neo-authoritarian or is that just spin? I feel as though I need someone to translate for me.

    I was under the understanding what was being presented was just brass tacks for getting Greece back on course from the situation they created themselves.

    Or is it just that the magic fairy idea of a unified currency matched with the unicorn Greece way of life are both meeting the stiff backhand of reality?

    • Exile1981

      Or is it just that the magic fairy idea of a unified currency matched with the unicorn Greece way of life are both meeting the stiff backhand of reality?

      That would be the one. The voted no to austerity imposed by the EU but they were also voting yes to a harsher austerity as their nation collapses. Even if they wrote off all the debt they still have too many obligations and too little tax base. They would still face austerity all they likely did is push it off a few months.

      • Jabberwokk

        Thanks for the clarification. TY

  • Exile1981

    Greece just voted to not pay back it’s bills; yes we can all laugh about them sticking it to the EU but the fact is that all this means is they will have to start creating an alternative source of income and they have nothing. We will see austerity in Greece when the power goes out and the hospitals have no medicine. There could be a short term windfall when the government nationalizes all foreign owned businesses but like Venezuela it will be very short term and result in even more misery down the road.

    • Clausewitz

      The wife wants to cruise the Greek Isles. I told her we should wait tiw years and have the vacation for dirt cheap. We’ll probably be able to pay for the trip with lamb chops and cheap Uzo.

      • Exile1981

        You could get a private driver with a vehicle all day on shore leave in a city for a cheeseburger. Heck think of what an MRE would go for.

  • Dana Garcia

    The good news: Greeks rejected the bureaucratic unaccountable superstate in Brussels.

    The bad news: Greek problems cannot be solved with more socialism.