Gavin Maclure's Musings

My take on politics locally, nationally and internationally

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Help free the Greeks from financial ruin

Let’s face it UKIP are still a one issue party and I would rather be a member of a party which can actually win Westminster elections and put into law the policies I agree with but the Conservative leadership is wrong on Europe, and, frankly, Nigel Farage is 100% right. I know those close to home won’t thank me for posting this video below but I feel a duty to help the millions in the southern Eurozone who are now living under the EU elite who are deliberately ruining their lives because of a political ideology.

History will judge Merkel very badly.

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Greece will leave the Euro in months

I’m no economist so I won’t get bogged down in the detail (I’ll leave that to excellent commentators like Andrew Lilico) but as a person who is very politically aware and also as someone who works in the private sector where real economics exist, I think we are now looking at Greece leaving the Euro within months.

Greece is now being run by Germany – fiscal occupation you might call it – who have installed a puppet technocrat as prime minister having disposed the elected PM. Some might call that invasion and occupation by fiscal means. Greece looks worryingly like a former Soviet satellite state but this time it is the EUSSR. The Greek elite – i.e. the politicians – are desperately trying to stay in the club, the Euro club and the EU club by accepting ever more draconian austerity measures from their German masters but with no currency devaluation to ease the pain. Meanwhile, the Greek people are being economically tortured to financial death. Unsurprisingly, the Greek public have started to rise up with Athens set on fire on Sunday whilst the Greek Parliament rammed through the German austerity package.

This can’t go on. Germany is not saving Greece’s economy, instead Angela Merkel is trying to save the EU political project which has nothing to do with sound economic thinking. Greece must now prepare and implement an orderly exit from the Euro within the next six months, which, as Andrew Lilico told me last summer, will lead to Greece leaving the EU.  Of course, there will be some pain for the Greeks whilst this transformation takes place but, boy, they will gain the rewards: exports will rocket (especially tourism), they will be able to devalue their currency (the New Drachma) and finally liberate themselves from German fiscal occupation.

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Newsflash: The birthplace of democracy wants to hold a referendum

Greece’s prime minister, George Papandreou, threw an almighty spanner in the works of the Franco-German fix for the Euro crisis and announced last night he intends to put the deal to the Greek people.

The only slight problem with this is it goes against the European Union way of doing things. That great undemocratic institution doesn’t like the slight matter of the people getting in the way of the Project.

Markets have nosedived today as a result of the referendum announcement but the Franco-German sticky plaster fix only serves to kick the Euro crisis a few months down the track. It’s time Greece put itself out of its misery and left the Euro immediately and also seriously considered leaving the EU.

That way Greece can get back the Drachma (supposedly its Central Bank has already printed billions of Drachma in expectation), devalue its currency and then export (i.e. tourism) its way back to growth.

Pass the Ouzo.