EU Bravado Against Greece Will Bring Down Trans-Atlantic Financial System

The British-dictated policies of the European Union towards Greece—the financial equivalent of tactical thermonuclear warfare—are going to backfire on the British and bring down their entire system, Lyndon LaRouche reiterated yesterday. If they try to drive Greece out of the EU because it is refusing to submit to further Troika genocide, the entire European system will go into a plunge immediately, LaRouche said. The European system cannot survive if Greece is pulled out, as some in Germany and elsewhere are advocating. That is because the entire Greek debt is a fraud, LaRouche explained, and that means that the United States, and Wall Street, will also go down in a chain reaction collapse.

Greece May ‘Play the Russian Card’ If It is Pushed Out of the Euro

In a lengthy article filed yesterday from Greece, based on his intelligence mission to that country on behalf of the British Empire, Ambrose Evans-Pritchard attempted to present a profile of the battle going on inside the country, and who stands where on the crucial issue of whether or not to break out of the euro, or to negotiate within it. His conclusion reveals the fear preoccupying his employers:

“If the EMU were to force Greece out of the euro by withdrawing bank liquidity and deliberately causing the collapse of the Greek financial system, they would create a martyr state for the whole European Left… The Western security system would then face turmoil in the Balkans. It would have to deal with an embittered state—hostile to NATO, and willing to play the Russian card—along an arc of instability stretching from Ukraine, through the Levant, to North Africa.”

Evans-Pritchard otherwise warns that the deals struck last week between the Greek government and the EU can’t last.

“Greece’s Syriza radicals have signed a fragile ceasefire with the eurozone’s creditor powers… They have bought time, but not much.”

He goes on to note that “the Greeks voted for defiance, and also to stay in the euro, two objectives that are hard to reconcile.” The EU threats to expel Greece are “double-edged.”

“Creditors have even more to lose if Greece spins out of control. A full repudiation of debt to the EMU institutions and states would cost over 300 billion euros. It would be the biggest default of all time, by an order of magnitude.”

It’s much worse than that, Lyndon LaRouche commented today. If the EU drives Greece out, the entire trans-Atlantic system will go under, immediately.

Worst of all, LaRouche noted, is that that would leave Obama out on the street without any clothes—and that would be a horrible sight to behold.

LaRouche has also explained that Greece—like Argentina, Egypt, and other developing sector nations with gumption—is already turning towards Russia and the BRICS, as the only viable economic system on the planet.

Such a turn has been openly advocated by members of the Greek cabinet, including Defense Minister Panos Kammenos. An additional indication of the public and private discussions underway, is the report that Greece’s Deputy Agricultural Minister, Panagiotis Sguridis, officially requested of the Russian government that it partially lift the food import embargo imposed on Greek (and European) exports, in response to the sanctions. Sguridis raised the matter at a late February meeting in Thessaloniki on international food exports, with Alexei Alekseenko, a representative of Russia’s Agriculture Ministry, who said he would send a letter to Russian Prime Minister Dmitri Medvedev. Sguridis said “there is a chance that two or three products will be excluded from the embargo list,” the Russian news agency Sputnik reported.

EU Bravado Against Greece Will Bring Down Trans-Atlantic Financial System

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