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Greece And The EU Situation

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Paul Craig Roberts
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The other purpose, as Jean-Claude Trichet, the previous head of the European Central Bank, made explicitly clear, was to further reduce the sovereignty of member states of the EU by transferring authority over fiscal policy (tax and spend decisions) from national governments to the EU in Brussels.

Washington favors this centralization of political power in Europe, and Washington favors the One Percent over the people. However, above all Washington favors its own power and has acted to prevent a Greek exit, which could begin the unraveling of NATO.

Russia and China have missed an opportunity to begin the unraveling of NATO by assisting Greece's departure from the EU. Whatever the cost, it would be tiny in comparison to the military buildup that Washington is forcing on both countries. Russia and China might have decided that Washington could no more accept Greece's alignment with Russia than Russia can accept Ukraine becoming a member of NATO.

If the Greek situation and the waiting Italian and Spanish situations are now resolved along the lines that this article suggests, it means that the NATO mechanism for Washington's pressure on Russia remains intact and that the conflict that Washington has created will continue. This is the bad news and the downside of Greece's victory over the looters.

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Dr. Roberts was Assistant Secretary of the US Treasury for Economic Policy in the Reagan Administration. He was associate editor and columnist with the Wall Street Journal, columnist for Business Week and the Scripps Howard News Service. He is a contributing editor to Gerald Celente's Trends Journal. He has had numerous university appointments. His books, The Failure of Laissez Faire Capitalism and Economic Dissolution of the West is available (more...)
 

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