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Finally, Return to Athens

Politics / Eurozone Debt Crisis Nov 24, 2015 - 12:27 PM GMT

By: Raul_I_Meijer

Politics

That’s right, I am at last able to come back to Athens, starting today. Alas, without Nicole Foss, who was supposed to join me in the city earlier this year but is back in New Zealand now. Why that plan never materialized, and why I couldn’t return myself, is all about the illness and subsequent passing of my mother, a process I write about in Eulogy for Johanna.


And there are still too many things to do to mention here in Holland, but I don’t feel good sitting on money that our readers have donated for Greece in our Automatic Earth for Athens fund. So that has to be a priority now, in my view. Your generosity, beyond my wildest dreams, combined with my caution in spending that generosity and my ignorance of the inner workings of the city, have resulted in an open ledger of over $8000 (!) US that will have to find its way to the proper goals.

First, you can (re)read my earlier exploits in a series of articles I wrote on the topic this year:

• The Automatic Earth Moves To Athens (June 16)

• Update: Automatic Earth for Athens Fund (June 19)

• Off to Greece, and an Update on our Athens Fund (June 25)

• Automatic Earth Fund for Athens Makes First Donation (July 8)

• AE for Athens Fund 2nd Donation: The Man Who Cooks In The Street (July 11)

• AE Fund for Athens: Update no. 3: Peristeri (July 22)

Then, as I’m thinking about this, the first thing that strikes me is the extent to, and the way in, which the Athens problems seem to have changed and switched. In late June and early July, there were refugees, but the main issue was the Greeks themselves. Varoufakis was still finance minister, and the idea was still alive that Greece would stand up to the Troika.

There was hope and excitement in the air, even though the banks were forced shut. There was the big OXI vote early July. But it all went downhill from there, Yanis left, Tsipras gave in to Schäuble, but most of all the refugee numbers on for instance Lesvos went from 200 a day to 5-6-7000 a day. It feels like a 180º change. But then again, it’s not really.

The Greek population is still -and things keep getting worse each day- being dragged down by the EU ordered policies, which are certain to kill off the entire economy. If people have nothing left to spend, nobody can sell them anything either, so unemployment just gets worse. There are tons of Greeks who still have jobs, and they’re the lucky ones, but who’ve seen their pay cut by 25%, 50%. Nothing out of the ordinary.

To wit: Greek rental prices are down 40%, but 40% of the population can’t even afford those prices anymore. The economy simply gets squeezed more and more, and every day sees its chances of recuperating diminish. Asphyxiation by decree.

The Cameron government is doing the exact same thing to Britain at the moment, even if, unlike Greece, the pretense is that the economy is doing well there. It’ll be a spectacle to watch. Once you start killing off your care systems, you get what I saw in Athens – and will again. And I’m not at all sure that the Brits can do what the Greeks can when it comes to humanity and solidarity.

It’s still those same strangled yet amazing Greeks who will go out of their way to help the refugees, who increasingly threaten to flood the country as one razor wire fence after another is erected on the Balkans. There’s a serious risk this winter of refugees, and their children in particular, freezing and/or contracting severe illnesses while getting stuck on the country’s northern borders.

And the EU keeps doing what it does best: make things worse. Why even Varoufakis keeps defending the EU, and just thinks it should be ‘reformed’ and democratized’, I can’t fathom. The EU’s problems are not ones of degree, but of substance, of its very make-up.

With France having thrown out any allegiance to the EU Stability Pact budget deals, and borders being closed all over the place, either with razor wire or with soldiers, the very ideas and ideals that are the foundation of the Union are fast eroding already. And what legitimacy will be left for the Brussels apparatus is entirely up in the air.

But okay, Athens first. There must be an overwhelming number of people and causes that I can help with your money. It’ll just be a matter of finding the most needy and deserving. In June/July I donated €1000 euros each to two volunteer clinics, in Piraeus and Peristeri, and to the man you see pictured above, Kostas Polychronopoulos, aka ‘the man who cooks in the street’.

I know through the grapevine that Kostas has been very active feeding refugees on Lesvos, and I’ll be sure to try and find him, wherever he may be, see how he sees the situation. My idea is I’ll play it by ear, I’m for instance not sure Lesvos needs my presence too, and besides you donated the money for the Greeks, but I’ll certainly listen to the people on the ground.

You can of course still donate to the Automatic Earth for Athens Fund, by all means I beg you, your money will find a good place, I’ll guarantee that. Here’s, once again, how I put it at the very beginning:

Now, I don’t think I can go to Athens and not try to see if there’s something I can do to alleviate some of the misery in my own small way. But since that way would be extremely small given where the Automatic Earth’s financial situation and funding stand at the moment, I thought of something.

I’m hereby setting up an “Automatic Earth for Athens” fund (big word), and I’m asking you, our readership, to donate to that fund. I will make sure the revenues will go to clinics and food banks, to the worthiest causes I can find. To not mix up donations for Athens with those for the Automatic Earth, which are also badly needed, I suggest I take any donation that ends with 99 cents, as in $25.99, and single those out for Greece. Does that sound reasonable? Let me know if it doesn’t, please.

You can also donate bitcoin at this address: 1HYLLUR2JFs24X1zTS4XbNJidGo2XNHiTT.

I’ll be back tomorrow from Athens.

By Raul Ilargi Meijer
Website: http://theautomaticearth.com (provides unique analysis of economics, finance, politics and social dynamics in the context of Complexity Theory)© 2015 Copyright Raul I Meijer - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Raul Ilargi Meijer Archive

© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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