Thursday, 29 January 2015


Though German ministers are defiantly now saying that they refuse to hear out the argument of a regime sworn-in only a mere forty-eight hours hence—probably not the most civil or humble reception—the slightest hint of disunity, a chink in the offensive that the US has bumped up (in the membrane of the EU) against Russia, becomes something quite troublesome.
Though this tales has been long in the making and ought to come as no surprise—but not something to dismiss either, like the promises of some prophet of doom or tin-pot dictator, the newly elected Greek government may use this momentum and political capital to depart the European monetary union. It’s a bit of sensationalism that Germany has not already discharged its debts in the economic sense and ought not invoke ethics since that cheapens both, and regardless of whether or not Greece and other less robust economies were brought into the fold under false-pretenses or folly was indulged is really immaterial as the Greeks have been backed into a corner and saddled with insurmountable obligations. And like those other weaker members, Greece at the frontier seriously risks pol-axing (receiving the coup de grâce) itself by quietly playing along, its exports and shipping opportunities having severely been curtailed as a result of incremental sanctions levied by the West against Russia. Greece is contemplating breaking that embargo and negotiating its own deals with Russia, which I believe is a much more profound break than bucking the fiat currency would be. It is really striking how this conflict has escalated—though there are obviously strategic footholds to be found but would not have been quite so self-fulfilling without that initial, ideological meddling in the first place—is not over resources but rather nationalistic pride that’s also known as vain-glory, cushioned from slight and insult all around. Like the chorus of the Frogs croaks, “Old Ways Good, New Ways Bad.”