Sunday, June 25, 2017

USA and Russia, bailing out Greece…together? Greece’s Plan B may see Russia, US and China come to the rescue

Greek Defense Minister, Panos Kammenos, warns that if informal EU leader Germany remains rigid on granting Athens a new deal, it will seek assistance elsewhere. The US, Russia and China are the possible candidates.

“Politics makes strange bedfellows,” and Greece may be cooking up the most unlikely bail out in history.

It s now becoming awfully clear that the SYRIZA government has no plans to back down to German/EU aggression regarding its current debt crisis.

Plan A would ideally see the government of Alexis Tsipras get the support, and funds Greece seeks from within the European Union, without the ball and chain of more debt and crushing austerity.

Plan B however, if Plan A fails, could be a lot more interesting, and unsettling to Merkel and Co.

In the case that the European Union closes its door on Greece’s bridge funding needs, then Russia, the US, and possibly China, could undertake the bail out burden of the EU member state.

Speaking on Greek TV station MEGA, Greek Defense Minister, Panos Kammenos, confirmed that the Greek government has an excellent relationship with Moscow, and Russian President Vladimir Putin has shown interest in helping Greece during this difficult time.

Popular Greek site, Defencenet.gr reported last week that Russia has floated around a proposal to tide Greece over with $10 billion USD, as it sorts out its debt negotiations with its EU partners.

The $10 billion would provide ample breathing room for Tsipras to manoeuvre the country out of crisis, while also buying Greece a good year of time which, if polls in Spain hold, could see the SYRIZA cousin party of Podemos in power in Spain.

Should that scenario play out, then Merkel may be looking at a full checkmate…as Spain, aligned with Greece, would be an insurmountable opponent for Brussels oligarchs to handle.

Kammenos further added that, aside from possible financial assistance from Russia, Greece could, in kind:

“…give them [Russia] a port in Thessaloniki and a stake in The Hellenic Railways Organization (OSE), which would further secure Moscow’s support for Greece, and its position as an energy hub that would be capable of transferring natural gas from the future Turkish pipeline project [Turk Stream]”.

Kammenos also revealed that his upcoming trip to Moscow may see the lifting of Russia’s agriculture embargo on Greek produce, in response to Greece’s firm stance against more EU sanctions against Russia.

But Russia is not the only game in town.

Kammenos further added that “Plan B” for Greece also sees the US becoming actively involved in the country’s search for liquidity and growth.

Kammenos said there could be…

“an agreement with the US to work with Greece in the exploration of energy reserves in the Aegean…in exchange for some sort of bond issuance.”

Kammenos then spoke these magic words to Washington insiders…

“It does not pass my mind sell oil in euros, only in dollars.”

References:

http://www.defencenet.gr/defence/

 

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