Words ought to be a little wild, for they are the assault of thoughts on the unthinking
- J.M. Keynes

Saturday, 16 June 2012

Hope turkeys vote for Christmas in Greek elections

Imagine you’re one of the 22.6% Greeks without a job. Or their family member. Maybe you’re one of the 52.7% of the under-25s without a job. Or their parent. You voted against the “No jobs, no money, more pain” aka the pro-bailout parties in the last election. Then the democrats of Europe “advised” you to change your mind otherwise ejection from the Eurozone and catastrophe loomed. But they have a history of backing down under pressure. They have also destroyed all remaining credibility of their threat by advertising a “no-conditions attached” bailout of Spain. Moreover you have little to lose as your benefits, if not expired, have been reduced at the insistence of the wise men of Europe and IMF. Your savings have also run down. The economy is slowly shutting down as a brutal credit crunch tightens, multinationals prepare to flee (if they haven't already done so) and money leaves for safer havens.

So do you change your support in the hope that maybe this time the same set of policies will produce a different outcome? Answer carefully because a lot of people have bet that you will. 

Funds, Greeks, market-makers, lend me your ears;
I come to bury Syriza, not to praise them.
The orthodoxy that parties follow lives after them;
The sensible policy is oft interred with their defeat;
So let it be with Syriza. The noble Eurocrats
Hath told you Syriza was ambitious:
If it were so, it was a grievous fault,
And grievously hath Syriza answer'd it.
Here, under leave of Eurocrats and the rest -
For Eurocrats are sensible men;
So are they all, all sensible men -
Come I to speak in anticipation of Syriza’s defeat.
It appeared sensible, faithful and just to Greeks:
But Eurocrats says they were ambitious;
And Eurocrats are honourable men.
It rejected many tyrannical bailout conditions on Athens
Those bailouts did Franco-German bank coffers fill:
Did this in Syriza seem ambitious?
When that the poor have cried, Syriza hath wept:
Ambition should be made of sterner stuff:
Yet Eurocrats say it was ambitious;
And Eurocrats are honourable men.
You all did see that in the last election
Greeks presented Syriza with a kingly crown,
For which they refused to compromise principles: was this ambition?
Yet Eurocrats say Syriza is ambitious;
And, sure, they are honourable men.
I speak not to disprove what Eurocrats spoke,
But here I am to speak what I do know.
Greeks all did vote for them once, not without cause:
What cause withholds Greeks then, to not vote for them again?
O judgment! thou art fled to brutish beasts,
And markets have lost their reason. Bear with me;
My heart is in the ballot there with Syriza,
And I must pause till it come back to me.

(With apologies to Shakespeare.)

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