Greek ‘bail-out’ cash being used to finance main political parties
The UK taxpayer has contributed handsomely and generously to the bail-out of Greece (not to mention Portugal and Ireland) through the European financial stability mechanism and the International Monetary Fund. We are committed to providing around 4.5 per cent of the IMF fund and 13.5 per cent of the European financial stabilisation mechanism fund, which amounts to €billions. His Grace apologises for not putting a precise figure on it, but, frankly, it is sufficient to know (in a time of austerity) that it is £billions: the precise sum appears to be concealed behind a shroud of economic known and unknown unknowns. Essentially, for every €50bn of bail-out provided to Greece, the UK provides in excess of £3bn. Some media reports put the total Greek bail-out figure (to date) at €138.2bn, meaning the UK loan (which is really a gift, since it will never be repaid) is around £10bn, give or take.
Now, you might think this cash would have been gifted with stringent conditions: you know, like bank recapitalisation, state sector salaries or the servicing of debt. God knows that civil strife and suicides urgently need to be averted, so few would begrudge a few €million being diverted into programmes of job creation, social care or debt counselling.
But to learn that the European Commission has sanctioned a €29 million pay-out to Greece’s top political parties is utterly astonishing, not to say grossly offensive, not least because this is the EU (ie the UK taxpayer) bailing out the very political parties whose economic policies caused the crisis in the first place. Those who will receive the subsidy include the centre-left Pasok, the centre-right New Democracy, the far-right Laos, the far-left Syriza, and KKE factions. We learn from Pasok Interior Minister Tassos Yiannitsis that ‘the funds will be used for campaigning in upcoming elections in May and for unpaid wages and other debts, such as to the state social security fund, the IKA’.
So, while public sector wages are being slashed and jobs decimated, bail-out cash is being used for political campaigning and politicos' salaries. This, of course, gives considerable political advantage to the main established parties, and amounts to an EU-financed general election: it is tantamount to the euro-nationalisation of the Greek political parties. No longer will the little Greek man in the agora be able to decide which parties rise and which will fall: the voters will be offered officially EU-sanctioned parties who will appoint EU-sanctioned candidates financed by EU-donors, and then force-fed a diet of EU-inspired propaganda to ensure the passing of EU-mandated policies to ensure the perpetual propagation of EU objectives.
This is not democracy: it is not even a credible façade. The EU super-quango has become an omnipotent beast with supreme control over the economics and politics of the Euro-confederacy. Not content with governing what we may buy and sell, it now determines how and for whom we must vote. Europe has been here before, and we all know where it led. Surely we must learn the lessons of history.