Greece: Between Scylla And Charybdis
09 July, 2015
Greece: Between Scylla And Charybdis
Donald Tusk: “Only five days to avoid Grexit.”

Whether the eurozone remains whole will be finally solved on July 12th in Brussels, where EU member states and Eurozone leaders will gather for an emergency summit.

Paul Krugman: “Europe’s self-styled technocrats are like medieval doctors who insisted on bleeding their patients” 

European leaders gave Greece a harsh ultimatum Tuesday night: Reach a new bailout agreement with its creditors by Sunday or face bankruptcy and expulsion from the Euro currency system.
According
to European Council President Donald Tusk, there are only five days left to avoid Grexit.
“The final deadline ends this week,” said Tusk after emergency talks in Brussels.
Greece remaining in the Eurozone is supported by European Commission President Jean-Claude Junker. However, as he said, Greeks had to “tell us where they are headed” by the end of the week.
According to the AP, German Chancellor Angela Merkel issued a poorly veiled warning to Tsipras, saying “We are no longer talking about weeks. We are talking about very few days.”

Thomas Piketty: “Europe was founded on debt forgiveness and investment in the future”

Meanwhile, Greek Prime Minister Alexis Tsipras has called for the European Union to avoid division, as indebted Greece struggles to stay in the Euro. At one of the stormy debates in the European Parliament, he said “Let’s not let Europe be divided”.
After the Greek bailout referendum that took place last Sunday, it can be said that Europe’s opinions on Grexit are divided.
The prominent French economist Thomas Piketty, who rocketed to fame last year with his book on income inequality, “Capital in the Twenty-First Century,” is slamming Germany’s refusal to consider debt relief for Greece.
In an interview with the German newspaper Die Zeit, Piketty claimed that Germany didn’t pay its external debt after World War I and World War II and thus has no standing to lecture other nations.
“We need to look ahead. Europe was founded on debt forgiveness and investment in the future,” Piketty said.
Greek referendum results were supported and praised by Icelandic politician and former Minister of the Interior Ogmundur Jonasson.
“Here in Iceland we are with you in spirit,” he wrote in his article “Thank you, Greece!”.
According to to him, rather than owning up to their mistakes and shouldering the costs, the leaders of Europe are looking for scapegoats.
“They display an appetite for execution. “Someone must suffer”, they think, and thus they have punished the most vulnerable among them. Writing off all of Greece´s debt would not have the disastrous effect on the Eurozone economy that has been marketed,” wrote Jonasson.
Iconic American economist Paul Krugman believes that Europe is acting like a medieval doctor that bleeds his patients.
He also takes the somewhat contrarian position that Greece’s best bet is to exit the Euro, which has provided it with little to no help in time of need. Though this is no easy feat, it is the “best of bad options,” as he claims:
“If Greece ends up leaving the Euro, it won’t mean that the Greeks are bad Europeans. Greece’s debt problem reflected irresponsible lending as well as irresponsible borrowing, and in any case the Greeks have paid for their government’s sins many times over. If they can’t make a go of Europe’s common currency, it’s because that common currency offers no respite for countries in trouble. The important thing now is to do whatever it takes to end the ‘bleeding’,” wrote Krugman in his blog post titled “Ending Greece’s Bleeding”.
Meanwhile, a meeting of all 28 members of the EU is scheduled for Sunday be - the day after the new Greek proposals are expected to be discussed by the Eurozone finance ministers.

Author: Mari Javakhishvili


“What will happen tomorrow?” - Georgians in Greece

According to Georgians living in Greece, the course of events in the country is taking a turn for the dire – explicitly so. Labor migrants are leaving in droves, many of our compatriots among them.

Nesi Robakidze, a Georgian living in Athens:

– This is our second country, our second homeland. A country that has taken Georgians in, accommodated us and given us an opportunity to feed our families back in Georgia. And now it is consumed by panic. The banks are closed; the people are left without salaries. ATMs do not give out more than 60 euro per day and money transfers to Georgia are temporarily blocked. They promised to pay me my wage tomorrow, but the problem is that we are all afraid of what this “tomorrow” might bring.

Mari Davitashvili, a Georgian living in Athens:

– All of my Greek friends and acquaintances are panicking. They do not want to leave the Eurozone. However, there are those who welcome it – mainly older people.

– For what reason?

– They do not want Europe. People of their age think that European values – something that is at the foreground at the moment – clash with the Greek mentality and way of life. This isn’t the first time I heard something like this. “We are a country with a different history, why are they imposing on us the values that we never had?” they would say. “Europe has turned us into a scapegoat and punishes us for mistakes of others!”

– All things considered, are Georgians living in Greece in danger of losing their jobs?

– Very much so, unfortunately. Many have already lost them and many more will likely follow. Those who had their documents in order managed to outrun the events by leaving for Italy and then to other countries.

– What about returning to Georgia?

– And what am I supposed to do there?! Judging by the news, the situation there is even worse.

Print
Other Stories
Eka Beselia: “You will not be able to stop me, to make me stay silent, to disappear me!!!
MP Eka Beselia has posted an open letter on her Facebook page, following reports of sex tape leak.
CORRUPTION PERCEPTIONS INDEX 2018: Georgia got 58 out of 100
According to the CORRUPTION PERCEPTIONS INDEX 2018, Georgia scored 58 and was consequently ranked as 41 among 180 countries.
83% of Georgians support integration into the NATO, 78% into the EU – NDI
83% of NDI respondents support Georgia's integration into the EU, - the poll results of the National Democratic Institute say.
January 25 – birthday of the second president of Georgia
The 25th of January marks the 91st birthday of the second president of Georgia Eduard Shevardnadze.
Jack Shepherd from the UK detained in Georgia
A British man who went on the run last year after killing a woman in a speedboat crash on the River Thames has been detained in the former Soviet state of Georgia - says Reuters.
Georgia recognizes Juan Guaido as an interim president
Georgia recognized Venezuelan parliament speaker Juan Guaidó as an interim president.
Georgian PM aims to turn Georgian into a center of the region
Georgian PM Mamuka Bakhtadze is in Davos to participate in World Economic Forum. He gave interviews to two media outlets – CNBC TV and Deutsche Welle.
Judges that served the violent regime of Saakashvili should not be in the Supreme Court, says Eka Beselia
Eka Beselia, a member of the parliamentary majority, held a press conference in the Parliament today.
Possible confrontation within the Georgian Dream Party?
Eka Beselia, a member of the ruling party, will hold a news conference in the Parliament at 12:00 today.
13 dead from swine flu in Georgia, emergency treatment to be free for all
13 people died from swine flu in Georgia so far, but there is no risk of epidemy, says Georgian Minister of Health.
Georgian president Salome Zurabishvili not ready for launching diplomatic dialogue with Russia
I'm not ready to give any advice to the legislative body about the launch of the diplomatic relations or dialogue with Russia
Georgia suffering the steepest drop in democratic quality in eastern Europe
According to the statistics for the Democracy Index 2018, published by Economist Intelligence Unit (EIU),
“Let’s see if you can wrestle with women”- Interior minister to the opposition
Female Police officers were mobilized in front of the Gurjaani District Court where the case of Davit Kirkitadze, the member of the United Opposition was considered.
Georgian citizens can apply for temporary residency in France
150 permits for young specialists as well as additional 500 permits will be granted each year to go to work to France.
Numbers of Georgians seeking asylum in Germany has significantly decreased
According to Ambassador of Georgia to Germany Elguja Khokrishvili, the drop of asylum requests has been due to recently taken steps.
U.S. Congress supports Georgia with a new bill
Unanimously the U.S. approved the act, which calls for imposing sanctions on Russian actors for the commission of serious human rights abuses in the occupied Georgian territories of Abkhazia and South Ossetia.
‘Horn wrestling’ between opposition party leader and police chef
Yesterday on the 16th of December, clashes occurred between Nika Melia, leader of the United National Movement and Teimuraz Kupatadze, head of patrol police department in the village of Velistsikhe, Kakheti region (eastern part of Georgia).
Salome Zourabichvili officially becomes the fifth president of Georgia
The inauguration ceremony of president-elect Salome Zourabichvili took place in Telavi, Kakheti (eastern region of Georgia) on the 16th of December.
Fight erupt in paliament between Georgian MPs during session
Verbal and physical confrontation has occurred between MPs in the parliament.
Famous Georgians invited at the Inauguration of Salome Zourabichvili
The inauguration ceremony of president elect Salome Zourabishvili will be held in Telavi, Kakheti (eastern region of Georgia) on the 16th of December.
Exclusive interview with Lincoln Mitchell, American political analyst and Georgia expert
More than 20,000 people responded to the appeal of the opposition and gathered in front of the former parliament building in downtown Tbilisi last Sunday.
The after-pains of the presidential election in Georgia
Yesterday evening, at a meeting with his supporters in the Philharmonic Hall, the defeated candidate Grigol Vashadze made it clear that he didn’t recognize the result of the presidential elections and called for early parliamentary elections.
National democratic institute publishes their findings about the presidential elections in Georgia
A delegation of the National Democratic Institute, which included observers from five countries, analyzed the election process.
International media about the runoff presidential elections in Georgia
Although it didn’t hit the headlines, newspapers and broadcast around the world report about Salome Zurabishvili as the first woman who became president in Georgia.
100% of the ballot counted: Salome Zourabichvili wins
Yesterday on the 28th of November, the second round of the presidential election took place in Georgia.
PHOTO OF THE DAY
GEL Exchange Rate
Convertor
19.02.2019
20.02.2019
USD
1
USD
2.6404
2.6498
EUR
1
EUR
2.9908
2.9977
GBP
1
GBP
3.4130
3.4246
RUB
100
RUB
3.9898
4.0023
Other Stories
On 26 May, Jean-Claude Juncker, President of the European Commission, joined celebrations in the Georgian capital of Tbilisi
Violation of Georgia’s sovereignty and territorial integrity by Assad regime has been strictly criticized
Exactly one year ago, Georgia was granted visa-free travel with the European Union.
Georgia’s ex-president president Mikheil Saakashvili's supporters managed to free detained Mikheil Saakashvili in the center of Kiev.
The US Ambassador to Georgia Ian Kelly congratulates Georgia on Independence Day.
The regulations on the introduction of visa-free travel for citizens of Georgia have been officially signed in Brussels.
The entire Georgia is involved in Secret Santa game, which means that people are sending gifts to each other secretly
The Minister of Foreign Affairs of Georgia is taking part in NATO Ministerial underway in Brussels, Belgium.
A special squad has been mobilized at the 48th polling station in Marneuli, Kvemo Kartli region.
Two politicians in Georgia have come to blows during a live TV debate ahead of the country’s parliamentary elections, Euronews reports.
GEL Exchange
USD
1
USD
2.6498
EUR
1
EUR
2.9977
GBP
1
GBP
3.4246
RUB
100
RUB
4.0023