I write you while a European citizen, sure that the worries and the appeal I transmit to you are shared by many other millions.
You know (better than any of us, common informed citizens) that the first rescue to Greece was almost exclusively used to ensure the vulnerability of the German and French banks to the country’s foreign debt, to rescue the Greek banks and in keep going the orders of German submarines and French military airplanes. And you know that such use was a condition fir the loan.
You know that, from the subsequent rescues, almost no money was spent in daily expenses or in the Greek economy, but rather for paying back the high interest rates and the previous short-term loans.
You know that, along this process, the “tax-payers from northern Europe” did not paid a cent for”the pensions and easy life of the Greeks”. Because that was not the use for the money and because, on the contrary, their governments and the international institutions got profits of billions of Euros in interests.
You know that the political, economical and social conditions which were imposed together with those loans (conditions that became strangely legitimate and “normal”, as far as the debtor is not a person or a corporation, but a country in vulnerable situation) have destroy the Greek economy and thrown the country into a situation of social calamity.
You know (or you should know, considering the responsibility of the functions you perform) that the debt and recession spiral which was raised by the European institutions and IMF demands created, besides huge human costs,a situation where the Geek foreign debt became impossible to pay – demanding its restructuring, even for the sake of the creditors.
You also know (much better than any of us, citizens who pay the price for your actions and decisions) that the attempts to build-up a solution that would brake that vicious circle and would overpass a “more of the same” rationale were systematically made impracticable, not because of economical or financial reasons, but because of the commitment to reproduce the power relations that brought us to the current situation, and to make impossible the subsistence of an EU government who does not accept them.
I’m also sure that you know, doesn’t matter what you might say in public, that the kind of attitude kept by the Eurogroup along the last months (and which you personified) is unsustainable nowadays.
It is unsustainable because, if a lack of constructive dialogue and of an adequate Greek debt restructuring would push Greece out of the Euro, that would bring huge losses for countries such as Germany, and that would bring immediate speculative attacks to the foreign debt of the Euro countries who are weakened by “austerity” policies.
It is unsustainable, because a Grexit (doesn’t matter if eventually beneficial or not to the Greeks) would also induce, almost certainly, a huge exchange rate turbulence and a return of recession all over Europe.
It is unsustainable, because the two larger world economies cannot afford the risk of such effects on the financial markets, the world trade and their own domestic economies. They already made clear their demand for a stable solution to keep Greece in the Euro zone and, if they refrained until now of direct involvements, that’s only due to a diplomatic respect for the European institutions.
It is unsustainable, furthermore, because the strategic balances and the world situation do not allow, for the US and the NATO to accept, that power games inside Eurogroup and the EU would push to the lap of Russia, because of no other choice, a key Mediterranean NATO member, situated close to meddle-east.
But the previous attitude of the Eurogroup is unsustainable mostly because (and excuse me for reminding such a traumatic event) the Greek government called and got a huge victory in a most significant referendum. After it, the Greek government’s democratic mandate was highly reinforced (much more than the mandate of any person sitting in the Eurogroup), in order to negotiate a solution which will include a sustainable restructuring of the foreign debt, which excludes more “austerity” over the weaker and which, after all, saves Europe.
You know that such victory was achieved under unprecedented pressures and threats from European institutions and partners. You know it well since, after all, side by side with the ECB action (which betrayed and jeopardized its mission of safeguarding the financial and bank stability in the Euro zone), you were the most notorious apostle of the Apocalypse, during last week. Both expressing several threats about inevitable Grexits and, mostly, with your irrevocable declaration that the victory of the “No” would mean the impossibility of any negotiations, from now on.
Well… the “No” was eloquently victorious. And it is clearly inevitable, now, to accelerate negotiations and to reach an agreement which respects the strong points arising from the Greek referendum – besides from the mere rationality and common sense.
Monday morning, the Greek government made a surprising demonstration of good will, political maturity and despoliation. In order to avoid that personal tensions and previous rhetorical wars would become artificial obstacles during the imminent negotiations, the Greek finances minister, Yanis Varoufakis, resign from his post.
What about you, mister Dijsselbloem?
You know that Ms. Merkel sheltered herself with silence, during the last week, and you know that her political political relevance and her responsibilities of de facto leadership will safeguard her, when she’ll have to change her position, to a open and constructive one.
You know that Mr. Shauble will be able to hide behind his modest position of finance minister, who follow his national leadership for the safeguard of German and European interests.
You know that, even if his verbal excesses during last week were similar to yours, Mr. Junker can protect himself behind his previous attempts of dialogue and under his ability to don’t be imputable.
But you, Mr. Dijsselbloem, you have burned the bridges behind you, when you’ve declared them burned, and you have no place to retreat. Today, it is unthinkable that the search and the build-up of an (inevitable) agreement might be done under your leadership, even just formal.
Independently of the way you might evaluate your action during the last months, it is today clear along Europe that you are not, and cannot be, part of the solution.You rather are a very relevant part of the problem.
That’s why I appeal to you (since there are no democratic mechanisms that allow me to demand it), in order that you will do the only honorable and rational thing to do:
Resign, mister Dijsselbloem!
Portuguese ans European citizen