Plan B

David Marsh, who has written a history of the euro, and co-chairs a central banking think tank says
"I am convinced that there is a Plan B - people have told me that there is one."  He is talking about Greece's exit from the euro and its european consequences.

Acting on, indeed provoking Plan B, German finance ministers (who upped the ante by squeezing the last ounces of Greek sovereignty out of the Greek political system by demanding that all Greece's main political parties stand in the election on the new austerity plan) are preparing Greece's exit from the euro.

Plan B is the accompanying revenge package - so severe that the people of Portugal, of Ireland, of Spain are 'encouraged' not to follow in Greece's path. Plan B amounts to little more than the destruction of Greece.

None of the financial institutions under the control of the EU or the City of London, not the banks, nor the european bail out fund will spend a cent supporting the country. The drachma will spiral. Anybody with a pot of euros will export their money - and probably follow quickly themselves. Greece is to be consigned, in the words of that charming phrase coined by ex-British foriegn secretary, the patrician Douglas Heard, 'to the status of a basket case.'

Any new Greek government, elected during the coming general election, on a 'no more austerity' vote, will have to be bold. The boldest european government we have seen since 1945. Internally, it will face the shadow of the colonels from day one. Just like Allende. Externally it will face the wrath of a major world power house of capital; the EU and the City of London combined.

The new anti-austerity Greek government - if the Greek people are not bamboozled out of their intentions before election day - will need to leave the EU on the day after the election and open a direct, sovereign line of communication immediately with China and the IMF for long term loans and part ownership/investment deals. There are great assets to base the stabilisation of the new currency on; shipping and associated mediterranean ports, tourism etc., and the government will need to act to secure these assets. There will need to be a ban on the export of capital and the confiscation of previously exported wealth funds in foreign banks. (The latter is unlikely to see any return from foreign banks but it constricts capital movements.) Small businesses, social and state enterprises will need priority and new government schemes to employ youth in public works will be essential. Most of all, the 99% of us across the globe, who cannot see another struggle for freedom by the Greek people destroyed, must get into action to defend our soul mates.

Last October Miki Theodarakis, the famous Greek composer issued an appeal.
http://takethesquare.net/2012/01/27/common-appeal-f0he-rescue-of-the-peoples-of-europe-by-mikis-theodorakis/
We will not all agree with his take on the EU's role in democratising Europe , but we will surely all agree with his metaphorical call to arms in defense of Greece and against austerity.

Let's do it before the call becomes literal.