It was Queen Elizabeth II personally, who ordered German Finance Minister Schaeuble’s virtual murder of the nation of Greece in Eurozone debt-summit negotiations over July 12-13.
The Greek debt negotiations had been proceeding in June. Germany’s demands against Greece were much more moderate at that time, according to an AP wire of today carried in the New York Times. But then, those negotiations were adjourned on June 26, to await the results of the Greek referendum which was held on July 5. (In that referendum, Greeks overwhelmingly rejected the austerity demands of Germany and the Eurozone countries.)
Now during just the same period the negotiations were interrupted, Britain’s Queen Elizabeth made a rare state visit to Germany over June 23-25, and met there with Chancellor Angela Merkel, among others. It is not known at this time whether she also met with German Finance Minister Wolfgang Schaeuble. But on June 25, the last day of the Queen’s visit, Chancellor Merkel complained that Greek negotiations had “lost ground,” and Schaeuble warned that the sides were moving apart.
Then, last Saturday, July 11, on the eve of the summit which resumed the broken-off negotiations, Schaeuble and the German delegation showed up with new demands, the “toughest ever,” which even their allies said “came out of the blue,” AP reports. One summit participant “said that the extra demands were immediately perceived as provocative.” Schaeuble had received and carried out the Queen’s orders. He even demanded that Greece be thrown out of the eurozone. Although Greece was not thrown out at that time, the violations of sovereignty and genocidal conditions were so brutal that they amounted to Greece’s murder.
“This makes it very clear,” Lyndon LaRouche said today. “Schaeuble is barking for the Queen.”
Yet Schaeuble was still insisting on a Greek exit from the Euro today, even after Greece had signed on to to his diktat. “And he’s going to get the exit he wants,” said LaRouche.
“That’s the scenario. And the game against China, is part of the same pattern. The case is clear. The question is: who’s got the guts to face the reality? And there are very few people who have the guts to face that reality. Because, what’s going to happen, is that suddenly the institutions of the United States government, will then launch war.
“What Schaeuble has done on the Queen’s orders, will be part of the pretext. The British Empire’s policy will be, then, to get the United States to launch warfare against Russia. For which Russia will be prepared. It means the extermination of much of the human species, but the British Empire wants to reduce much of the human population anyway.
“But that’s the reality. Let’s see what kinds of guts and brains people may have. Because there’s nothing else we can do beyond that. We’ve got to make that the challenge,”
Following the Greek Parliament’s vote to approve the EU’s draconian bailout agreements, frantic steps are being taken to save the Eurozone. Yesterday began with a statement by Klaus Regling, the head of the European Stability Mechanism (ESM), i.e., the bailout fund, that if a bailout is not worked out, the Greek banking system could collapse with serious consequences for the entire Eurozone.
The European Central Bank (ECB) in fact created the Greek banking crisis when it cut Greece off from normal liquidity operations as soon as the new government took power last January. It then exacerbated the crisis by extending only emergency liquidity at levels below what banks needed to function; and finally, it cut them off completely when the government called the July 5th referendum. In a statement to German broadcaster ARD, Regling warned that not only could Greek banks collapse without a third bailout, but that if “the four biggest, systemically relevant banks in a country no longer work, this has grave consequences not just for Greece … but also for the whole Eurozone.”
Shortly afterward, the Eurogroup issued a statement welcoming the Greek Parliament’s vote approving the loan agreement. They pointed out that another vote will have to take place on July 22 to pass another set of agreements.
The Eurogroup gave its approval for a “bridge loan” of EU7 billion to be doled out by the ESM. This three-month loan, which Greece could only pay back with more bailout loans, will be used to make payments on July 20 and again in August on Greek bonds held by the ECB. It will also be used to pay the IMF.
Also yesterday, ECB President Mario Draghi announced that emergency liquidity to Greek banks will restart with a miserly EU900 million, almost the lowest amount in six months. Draghi had the nerve to claim that the ECB had been overly generous to Greece. As for debt restructuring, he said, “It is uncontroversial that debt relief is necessary.” He also confirmed that the bank will receive the EU4.2 billion payment on July 20, as would the IMF.
Nonetheless, he continued to criticize Athens, saying that doubts remain concerning the willingness and capacity of the Greek government to push through the economic reforms demanded by creditors. Draghi’s statement was made after the Greek Parliament’s vote earlier yesterday. In a not-so-subtle threat he said, “No matter whom you talk to, there are questions about implementation will and capacity,” adding that it was up to Athens to assuage such doubts.