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Alexander Romanovich: "the Greek malfunctioning" proves availability of disturbances in the Eurozone mechanism

06 июля 2015

Alexander Romanovich, Secretary of the Presidium of the A Just Russia Party Central Council of Foreign Affairs, a deputy of the SD party faction commented on the results of the referendum in Greece:

So, on 05 June this year, the Greek people made the decision that the government of the country must decline the draft agreement submitted by the European Commission, the European Central Bank and the International Monetary Fund at the Euro-group meeting on 25 June.

61.31 percent of the voters spoke against the terms of agreement with creditors on Greece’s indebtedness. The European creditors were supported only by 38.69 percent of the referendum participants. Here we should take into account a very high percentage of the voters: 62.50 percent of the registered voters.

A JUST RUSSIA party (with its left, social-democratic orientation) is absolutely satisfied with such results because the referendum supported the position of the Greek government which was newly formed in the result of a confident victory of the Coalition of the Greek Radical Left (SYRIZA).

From a political and ideological viewpoint, everything what is going on in Greece now is extremely significant for the European Union. It is some sort of a signal to launch the pending democratic changes in the EU. It is well-known that now the actions of neoliberals put at risk of destruction the social political and ideological fundamentals of the European Union. The only way to neutralize the EU’s dangerous slide to the right is to make an attempt to create an alternative on the ground of strengthening the positions of the European left.

The A JUST RUSIA party members as well as all people of Russia sympathize with the Greek people as the two peoples have longstanding ties of friendship and mutual understanding. Of course, everyone anxiously watched unfolding of events in Greece. We know that the current social situation in Greece is extremely difficult. The country has been the weakest EU member state. There was actually the imposition of austerity on Greece which resulted in the fall of living standards by 30-50 percent for the majority of the population in the country.

The number of suicides committed in Greece has sharply increased although it was very low before. Dozens of people are suffering from depression. There is disintegration of the very structure of society and breakdown of families which are the most important social units and cornerstones of the Greek society.

Thus, there is nowhere for the Greek people to retreat. They expressed everything they were boiling over, their most painful problems during the referendum. Please, note that they managed to do it without barricades, burning tires and clashes with the police. As a result of the historical voting, the citizens of Greece decisively rejected the terms of the agreement offered by the creditors and did it convincingly, in a civilized way.

It is easy to suppose that the results of the referendum may become the reason for reconsideration of the place of Greece in the EU. They may even shake Europe’s financial stability. The New York Times (the all-knowing newspaper) is already predicting the leaving of the creditors, default and withdrawal of Greece from the Euro-zone, and in the worst case – from the EU.

There is really at stake even something more than Greece’s membership in the Euro Union. The expert community admits the possibility that the results of the Sunday voting may affect even the future of Euro and provide a major impact on the world financial markets.

At present, a lot of suppositions have been made, but I’d like to state the main thing: the referendum is sure to be used as an occasion to accuse Greece of everything and as the left danger horror for the whole Europe. But all this will be just a camouflage of the main and really serious European problem. The "Greek malfunctioning" actually proves availability of disturbances in the Euro-zone mechanism, wrong calculations and mistakes in planning of financial flows, wrong consideration of the actual opportunities of each EU member, and of course, an evident drawback of the long-range planning.

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