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Greece apparently caves in on bailout crisis
This morning's key headlines from GenerationalDynamics.com
The investigators at the U.N. Commission for Inquiry on Syria announced on Friday that there has been an 'exponential rise" in atrocities killed in Syria, and that, because Russia's veto prevents the Security Council from taking any action, they may go around the Security Council and reveal a list of alleged war criminals in Syria. The list is thought likely to contain the name of Syria's president Bashar al-Assad.
The Commission would have liked to refer the case to the International Criminal Court (ICC), but that requires a vote of the Security Council, which Russia always blocks with a veto. The Commission is therefore recommending a special court without Security Council approval.
United Nations investigators found a way to go around the Security Council once before. After Bashar al-Assad used Sarin gas to kill hundreds of people in 2013, a U.N. chemical weapons team was authorized to investigate the incident. However, thanks to a threatened Russian veto, the U.N. team was forbidden from assigning blame for the Sarin attack. But the team found a clever way of assigning blame without having to say it. In their scientific analysis of the evidence, they included calculations of the trajectories of the rockets that delivered the Sarin gas. They drew no conclusions about where the rockets were launched, but they provided enough scientific information within the report so that experts studying the report could analyze the trajectories to prove that the rockets must have been launched from a Syrian Republican Guard unit.
Bashar al-Assad has been a modern day Hitler. He's flattened entire Sunni villages with Russia's heavy weapons, he's killed children by sending missiles into exam rooms and bedrooms, he's killed dozens with sarin gas, and he's killed countless more with barrel bombs loaded with explosives, metals, and chlorine gas. In addition, he's used electrocution, eye-gouging, strangulation, starvation, and beating on tens of thousands of prisoners on a massive "industrial strength" scale, and does with complete impunity, and in fact with encouragement and support from Russia and Iran. Russia in particular has been providing weapons to al-Assad to support his genocide, making Vladimir Putin a war criminal as well.
If the war criminal list is made public, then it will be done at the meeting of the UN Human Rights Council on March 17th. United Nations and BBC and VOA
The Eurogroup of eurozone financial ministers meeting in Brussels on Friday announced a new deal with Greece that extends the bailout loan agreement for four months. The agreement was an almost total cave-in by the Greeks; however, there was one important concession: The Greeks will not be required to have a higher government surplus in 2015 than in 2014, which means that there will be no further austerity measures imposed this year. Other than that, the terms of the agreement were similar to those of Greece's previous government, and an abandonment of the promises that the new prime minister, Alexis Tsipras, made during his recent election campaign.
The terms of the agreement are as follows:
Remember when we used to talk about "kicking the can down the road"? Amazingly enough, the Europeans have done it again.
If anything goes wrong with all of these steps, then the plan will collapse, and Greece will go bankrupt, and probably be forced to leave the eurozone, to return to its old drachma currency.
But if all goes well, then by April the crisis will be resolved. Until June, when a new 3.5 billion euro debt payment comes due, and the whole crisis starts all over again.
It's worth repeating what I've been saying for several years: There is NO solution to this crisis. And by that I don't mean that no one has been clever enough to figure out a solution. I mean that no solution exists. So the only thing the Europeans can do is to keep postponing the problem -- kicking the can down the road, allowing the crisis to worsen each time. Greek Reporter and Kathimerini
(Comments: For reader comments, questions and discussion, see the 21-Feb-15 World View -- U.N. may release list of Syrian war criminals thread of the Generational Dynamics forum. Comments may be
posted anonymously.)
(21-Feb-2015)
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