- As an example to Europe's voters that they can throw out their stale, incumbent political class as a punishment for past ineffectiveness, it will frighten established traditional parties everywhere. This is a good thing.
- Greece's deeply corrupt super-rich, whose tax dodging and bribery of government has helped beggar their countrymen, will find themselves hounded out of Greece and have assets within reach confiscated. This is a good thing.
- Greece will not be able to write-off or default on the nation's massive €320bn debt without detaching from both the Euro and the EU, losing IMF recognition and becoming a temporary international pariah. This is also a good thing.
- The Greeks know that there is no return to easy wealth and money for nothing, but this won't stop them trying to find ways to make easy money, like a bankrupt playing the lottery. This is a bad thing.
- EU federasts may contemplate the prospect of the EU federation fragmenting utterly unless they either loosen up on their ambitions (which means abandoning the Euro for all) or invade the Mediterranean nations. Any flexibility is good news for the UK.
- EU officials, global corporatists and international bankers will all have chattering sphincters this morning at the massive slap from the democratic process. This has to be a good thing.
- The idiot from Goldman Sachs, the global corporate that helped a corrupt and non-qualifying Greece to lie its way into the Euro, who said at the weekend that the EU federation was essential to maintain American global corporate wealth may like to contemplate his future.
Monday, 26 January 2015
Greece - what will it mean?