UK 06:47 Monday, 21 September 2026
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Stocks are soaring across Europe on reports that Greek Prime Minister Alex Tsipras has blinked, has caved and surrendered to the banksters. Is his name indeed set to join those on Traitors Wall that starts with Ephialtes and includes most thieves, sorry Greek politicians, of the past forty years? The FT reports this morning that Tsipras has written to the banksters agreeing, essentially, to all their demands in return for more money which can then be used to repay existing debts as they fall due. This, if true, is madness and treachery.
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Comments
DUCK AND DIVE
The electorate would vote for zero taxes if given the chance. On complex matters like this, the clever politicians are supposed to make the right decision on their own. Similarly, the British electorate isn’t smart enough to make the best choice for the country in the Europe referendum.
Phil
If any country is stupid enough to let the politicians make the decisions it will never be the British, they don’t need to. As Britain is very capable of screwing it up by themselves, they don’t need politicians to do it for them, which leaves them to throw eggs at it. Knowing only to well that if they left to them, it would be worse
I would like to say as you see the EU dictating to Greece, there will be a time they will dictate to you. Well as “call me Dave” limped away from Europe in a single afternoon after the EU told him to fuck off, appears they already are.
I think Britains referendum is a hard call, Britain has always voted with it’s pocket, but this one I think will on core values. Quire simply if Britain’s going to screw up, thats the job for the voter, its’ a democracy.
My view, you will leave the EU sometime, may as well be now
Adge
Well if you are going to leave the Euro you need a plan. ie. printing Drachmas and even having them in circulation simultaneously beforehand. Looks like a fail to plan means a plan to fail. Proving it was all a bluff after all and a great opportunity wasted. Until the next time of course.
alcira16247
Tom
I wouldn’t be too quick in condemning Alex Tsipras anxiousness in reaching an agreement with existing creditors.
However painful the austerity measures forced on the Greeks now they will be less onerous than a Greece forced out of the Euro and being at the mercy of the international vulture funds.
Where as individuals can walk away from their debts after six years, no such luxury is afforded to Nation States, in fact, no developed Nation has ever been able to simply write off international debts and start with a clean slate.
The present desperate economic woes of Argentina are an example of what can happen to a Greece.
Just as Argentina can’t simply walk away from their international debts, going right back to the bankrupt state left by the deposed military junta, neither will Greece!
The bankers…… vulture funds…… one way or another will have their pound of flesh!
The Greek people just might find it a little less painful dealing with dear old Angela Merkal now rather than sinking slowly down to having to negotiate with the likes of an outright b***tard such as Paul Singer!
DUCK AND DIVE
I disagree. I would guess that over 75% of the British electorate isn’t intellectually capable of making anything more than a snap, self-serving, superficial and prejudiced judgement on such a complex matter as EU membership — even when spoon-fed all the data in pictures and words of one syllable.
In Greece, I fear the number of uninformed voters would be over 95%.
Politicians, assuming they are well-educated, as most of ours are, are infinitely better positioned to make these decisions for the greater good.
Most of the plebs hate foreigners and will vote accordingly.
wirplit
I think the narrative being played by the EU is that Tsipras has negotiated badly and amateurishly in not acceding early on to their demands. The contempt shown by the German finance minister is palpable but its a contempt for democracy and in a way what is being played out here is a forerunner to what will happen elsewhere. The IMF did not rescue the Greeks with the bailout money in 2010 but the French and German Banks. This is the real scandal. They then shifted the onus onto the taxpayers for the stupid lending the commercial banks did. They did not pay the price of the risk. Where else did that occur…? Oh yes in the UK …only we had our own currency and could float it away and now have a government with the temerity to sell the bank back to the same gang at a loss. In fact where hasn’t it occurred. A world ruled by bankers. Ruled by and for in which democracy is a sham.
That is the realism that the EU and its backers demand the Greeks and for that matter the rest of us accept.