Thursday, November 10, 2011

Lucas Papademos was mid-wife/nursemaid to the € in Greece

One point upon which almost every pundit, expert and commentator on the disaster that is the Greek experience within the euro never seems to disagree is the proposition that Greece should never have joined the common currency in the first place.

Yet now the head of the Greek Central Bank throughout that process and big wheel in the ECB thereafter, when the various mis-reporting on Greece's adherence to the membership terms was underway, Lucas Papademos, has now been chosen as the unelected and elite-imposed, new "interim?" Greek leader to restore the hugely complex consequent disaster that is Greece today, back to normality. I have chosen the opening of the article from M &C linked here, to illustrate the ridiculousness of this situation as follows:

Athens - The man who supervised Greece's entry to the eurozone will be the new prime minister, as the country's future in the common currency zone hangs in the balance.
Lucas Demetrios Papademos, 64, has never held political office. He was Greece's central banker for years and also served several years as vice president of the European Central Bank (ECB).
The new interim coalition government will be sworn in at 2 pm (1200 GMT) Friday, according to a statement from the president's office.
The trained electrical engineer and economist is the embodiment of an expert, whose sober-mindedness and expertise could be key to securing the trust of international creditors in the new unity government.

All involved in the Euro project should now have the decency to step aside and absent themselves from further involvement in politics, economics or administration for all time! But they will not, of course, for they have grown so wealthy and so powerful theyt can no longer contemplate leading ordinary and truthful lives. This problem is covered in an item on "interventionists" linked here, from which I quote:

The choices presented by most analysts are always assuming that the giant leviathan the State has become must be preserved at all cost, if not enlarged even more. The fact that governments suddenly find it difficult to obtain financing for their vast debts is almost held to be an affront: how dare the markets refuse to bid for the debt paper of States? The debate ultimately always revolves around the question: how can the status quo be preserved? What can be done to preserve the  privileges and exalted positions of millions of politicians, bureaucrats and the intellectual elites in their employ that are the main purveyors of statist propaganda? How can we keep all those precious, irreplaceable people feeding at the trough in peace? 

The answer to the above question is obvious, we cannot either keep or support them. The most powerful and therefore the guiltiest, know that full well - that is why in Greece and Italy they are presently embedding themselves at the top of so-called 'technocratic governments'!

In some countries of the West, such as Britain, they have been running things for years, hence the plight of our economy, achieved without even the excuse of belonging to the euro.  



Anonymous IanPJ said...

Lucas Demetrios Papademos, 64, has never held political office.

You mean Greece now has an unelected Prime Minister? This gets worse by the day...

9:46 PM  
Blogger Anoneumouse said...

grandad of democracy (papademos)

11:45 PM  

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