GREECE TODAY-- SPAIN, PORTUGAL TOMORROW??

 

      The following is a report from OCCUPIED LONDON-- FROM THE GREEK STREETS. Where are the British people in this corporate plunder of all our public assets and the slashing of our standard of living? Are we going to be limited to 50 or so people at a time running round pointing out the tax dodgers, or are we going to organise and mobilise to change this corrupt and exploitive system once and for all?
      All the media is spouting about the "Arab Spring" where is the "Pan-European Spring"?
   

     REPORT STARTS HERE: Athens sees its biggest gathering in years, more than 150,000 at Syntagma square as the build-up for the General Strike of June 15th begins

A crowd whose size is difficult to even estimate gathered in central Athens to protest against the crisis and the Memorandum tonight. The call to a pan-european call of action saw more than 100,000 (some estimates give much higher numbers) flooding Syntagma square and many central nearby avenues. In contrast to previous gatherings, police presence was much higher, with fencing erected around the parliament building and double, or triple rows of riot police around it.

The city is now building up for the General Strike of June 15th, which is also the next date of action announced at Syntagma square. Both mobilisations are aimed against the new agreement between the government and the troika (IMF/EU/ECB) which is planned to be voted at parliament on the morning of the 15th. The general assembly of Syntagma square has already called for a blocking of the parliament from the night of the 14th. In addition to the fencing installed around the parliament (see below), a police water canon has also appeared nearby.

Similar demonstrations took place in Thessaloniki, Patras, Heraklion, Larisa, Volos and many other Greek cities. In the Cretan city of Chania, fascists bearing arms appeared in the gathering, in a failed attempt to provoke the gathered crowd.

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WHAT HAPPENS IF THE GREEKS DEFAULT?

        The end is nigh, prepare for Armageddon, the banking world is in shit creek and the system is about to explode. Of course most people with any knowledge of capitalism know that it is unsustainable and will eventually collapse, the financial sector is just part and parcel of that same system. Our problem is not so much the collapse of the system, but how do we react to that  catastrophic event? Will we fight to get it back on the rails, so that we can get back to borrowing and getting ever bigger mortgages, back to a job with crap wages and an never ending struggle to get an increase that will help you survive? Or will we decide to take control ourselves and change the entire system to one free from the profit motive, bond holders and financial spivs? The following is an extract form a much longer and more detailed article HERE.

What Happens if the Greeks Default?

       Andrew Lilico, writing in the London Telegraph, gives us the answer to that question with a series of short bullet points. I might not agree with all of them, but he is looking in the right direction. (quoting from http://blogs.telegraph.co.uk/finance/andrewlilico/100010332/what-happens-when-greece-defaults/)

       “It is when, not if. Financial markets merely aren’t sure whether it’ll be tomorrow, a month’s time, a year’s time, or two years’ time (it won’t be longer than that). Given that the ECB has played the “final card” it employed to force a bailout upon the Irish – threatening to bankrupt the country’s banking sector – presumably we will now see either another Greek bailout or default within days.

“What happens when Greece defaults. Here are a few things:

- Every bank in Greece will instantly go insolvent.

- The Greek government will nationalize every bank in Greece.

- The Greek government will forbid withdrawals from Greek banks.

- To prevent Greek depositors from rioting on the streets, Argentina-2002-style (when the Argentinian president had to flee by helicopter from the roof of the presidential palace to evade a mob of such depositors), the Greek government will declare a curfew, perhaps even general martial law.

- Greece will redenominate all its debts into “New Drachmas” or whatever it calls the new currency (this is a classic ploy of countries defaulting)

- The New Drachma will devalue by some 30-70 per cent (probably around 50 per cent, though perhaps more), effectively defaulting 0n 50 per cent or more of all Greek euro-denominated debts.

- The Irish will, within a few days, walk away from the debts of its banking system.

- The Portuguese government will wait to see whether there is chaos in Greece before deciding whether to default in turn.

- A number of French and German banks will make sufficient losses that they no longer meet regulatory capital adequacy requirements.

- The European Central Bank will become insolvent, given its very high exposure to Greek government debt, and to Greek banking sector and Irish banking sector debt.

- The French and German governments will meet to decide whether (a) to recapitalise the ECB, or (b) to allow the ECB to print money to restore its solvency. (Because the ECB has relatively little foreign currency-denominated exposure, it could in principle print its way out, but this is forbidden by its founding charter. On the other hand, the EU Treaty explicitly, and in terms, forbids the form of bailouts used for Greece, Portugal and Ireland, but a little thing like their being blatantly illegal hasn’t prevented that from happening, so it’s not intrinsically obvious that its being illegal for the ECB to print its way out will prove much of a hurdle.)

- They will recapitalise, and recapitalise their own banks, but declare an end to all bailouts.

- There will be carnage in the market for Spanish banking sector bonds, as bondholders anticipate imposed debt-equity swaps.

- This assumption will prove justified, as the Spaniards choose to over-ride the structure of current bond contracts in the Spanish banking sector, recapitalising a number of banks via debt-equity swaps.

- Bondholders will take the Spanish Banking Sector to the European Court of Human Rights (and probably other courts, also), claiming violations of property rights. These cases won’t be heard for years. By the time they are finally heard, no one will care.

- Attention will turn to the British banks. Then we shall see…”

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MADRID ECHOES THE SPIRIT OF TAHRIR SQUARE.

The following was taken from A World to Win site. Where is the rest of Europe in this "awakening"?

Madrid echoes the spirit of Tahrir Square

     The Real Democracy Now movement that has sprung up across Spain, with a main square in Madrid under occupation since Sunday, is a key moment in the developing global struggle against the failure of the political and economic status quo.    

 Drawing their inspiration from Tahrir Square in Cairo – where the Egyptian revolution began – thousands have organised themselves into a people’s assembly in Puerta del Sol to discuss a way forward. The movement, which is independent of political parties and the trade unions, used social networking sites to mobilise for the occupation.

SOLIDARITY.

      A pamphlet distributed by organisers said they "do not represent any political party” and that "we want a new society that prioritises life over economic and political interests. We advocate a change in society and social consciousness." Fabio Gándara, the spokesman for Democracia Real Ya, a 26-year-old unemployed lawyer who is studying to be a civil servant, said: "What we're denouncing is the lack of real democracy and the tendency toward a two-party system where corruption at all levels is simply scandalous.”

     

       With tents, mattresses, a kitchen, a workshop and even a pharmacy, protesters have refused to budge, defying the decision of regional election officials that they should leave the square. They have also organised their own security teams to keep order in the square. There are at least 57 so-called "Sol campsites" that have popped up across the country in solidarity. Spaniards living abroad have also set up camps outside Spain 's embassies in Berlin and London , and in Amsterdam 's Dam Square . 

       In Spain – just as it was in Tunisia and Egypt , where the Arab spring began at the start of the year – the movement is driven by the “lost generation” of educated but unemployed young people. An estimated 45% of them are without work while average unemployment at over 20% is the highest in Europe .

      They are the victims of a global capitalist recession which has devastated Spain ’s economy which floundered when a gigantic property bubble burst in 2008. And they are casualties of the post-Franco dictatorship politics too.

      

       The fascist regime was replaced by los señores Tweedledum and Tweedledee – aka the Socialist Party (PSOE) and the right-wing People’s Party (PP). Only fewer and fewer Spaniards can tell the difference between them. Both parties are endemically corrupt and have shared the role of integrating Spain into the global market-driven capitalist economy.

        One result is that Spain is close to following Ireland , Portugal and Greece in seeking a bail-out from the European Union and the International Monetary Fund. That would spell not only the collapse of the eurozone but trigger a new global financial collapse.

      That is why Real Democracy Now is saying “Don’t vote for them” – the PSOE and PP – in Sunday’s regional and local elections because neither represents the interests of ordinary people. This is an astonishing indictment of a parliamentary democracy that was only established in 1977 after Franco’s death two years earlier.

      This, naturally, poses the question of if not this “democracy”, then what type of political system should replace it? The protests in Madrid , Barcelona , Seville and other cities, popularly known as M-15 as they began on May 15, have started that debate. In Sol Square there is a “democracy wall” where people have stuck hundreds of notes with their thoughts on them, declarations and statements.

     In Egypt , the dictatorship was overthrown but power remains out of reach, resting in the hands of an army that owns a large chunk of the economy. In Spain , a 35-year-old parliamentary democracy leaves real power in the hands of the corporations and banks who use politicians as a front.

      For a “real” democracy to work, it must involve the transfer of economic and financial resources into the hands of ordinary working people, alongside the replacing of the capitalist state by forms of popular power. Many took up the fight against Franco’s fascists in the Spanish Civil War in the 1930s with that aim in mind. The revolution was cruelly betrayed by Stalinism and then defeated. Puerta del Sol signals a chance to put history back on course.

Paul Feldman
Communications editor
20 May 2011

Corinna Lotz
Secretary

A World to Win  07871 745258

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International Call for Solidarity

International Call for Solidarity: Support the 11 of Lisbon!

     On the 25th of April of 2007, an anti-authoritarian demonstration against fascism and capitalism took place in downtown Lisbon, protesting against the growing influence of fascist groups in Portugal and the attempt to rehabilitate the figure of the former dictator, António de Oliveira Salazar. Several books about Salazar came out back then and a Museum was to be opened in Santa Comba Dão, the place where the dictator was born. A television contest, designed to boost nationalistic and chauvinistic attitudes among the Portuguese people, actually managed to elect Salazar as “the greatest Portuguese of all times”. Besides that, PNR, an ultra right-wing party, involved with nazi skinhead groups, started to show signs of great activity, with a large-scale campaign to increase xenophobia and several street demonstrations, one of which taking place, provocatively, in a known immigrants' quarter downtown Lisbon.

     As a response to the growth of reactionary forces and attitudes in Portuguese society, anarchists organized a big demonstration on the day of the celebration of the Carnation Revolution, the 25th of April, when the fascist dictatorship was overthrown. The demonstration gathered over 500 people, crossed downtown Lisbon, always being closely followed by the police, and halted in Largo de Camões, where most people left. From there, a second demonstration started and, when the demonstrators were descending Rua do Carmo, the riot police closed the street exits, trapped them, and then charged violently. Several people were injured, some of them badly, and 11 of the demonstrators were arrested and now stand for trial, for alleged civil disobedience, verbal abuses, and assault on police officers, risking sentences from six months to five years of imprisonment.

       We ask for the international support and solidarity of all sections and friend of AIT-IWA to spread the news of what's happening, specially among Portuguese communities in their area, and send protest letters, faxes and emails to local Portuguese Embassies, Consulates and interests, performing, if possible, actions in front of them, specially on the days of the Court hearings, but not limited to them. We also appeal to the sending of protest letters, faxes and emails to the Court where the hearings are taking place. 

A model protest letter to be sent:  (it's both in English and Portuguese)

     Vimos por meio da presente carta protestar contra a ida a julgamento dos 11 detidos aquando da realização da manifestação anti-autoritária contra o fascismo e o capitalismo, em 25 de Abril de 2007. Denunciamos o comportamento claramente ofensivo e discriminatório demonstrado pela polícia no decorrer dos acontecimentos, assim como a brutalidade com que a mesma reagiu à manifestação, carregando indiscriminadamente sobre os manifestantes e demais transeuntes presentes na Rua do Carmo, numa acção cujo objectivo manifesto não foi a dispersão da manifestação, mas antes o espancamento do maior número de pessoas possível, posto que todas as saídas da rua foram cortadas pela polícia de forma a não deixar aos manifestantes fuga possível. 

    Afigura-se-nos que as pessoas detidas o foram de forma aleatória e arbitrária, e que a sua ida a tribunal não serve outro propósito que não seja o de mascarar e ilibar a violência policial, culpando os manifestantes pelo sucedido. Consequentemente, exigimos o encerramento deste processo e a absolvição de todos os arguidos. 

             Com os melhores cumprimentos,

…

English translation of the letter:

       We hereby send you the following letter to protest against the trial of the 11 persons arrested during the anti-authoritarian demonstration against fascism and capitalism, which took place on the 25th of April 2007.

We denounce the clearly offensive and discriminatory behavior displayed by the police during the events and its brutal response to the demonstration, charging indiscriminately on demonstrators and bystanders at Rua do Carmo, in an action clearly intended, not to disband the demonstration, but to beat up as many people as possible, for all the street exits were cut off by the police in order to trap the demonstrators and let them no way to escape.

       For us, it seems that the persons arrested during the events were picked randomly and arbitrarily among the demonstrators, and that the charges pressed against them serve no other purpose than to whitewash the police violence, blaming the demonstrators for what happened. Consequently, we demand the closure of this process and the acquittal of all defendants.

                                 Best Regards,
...
Court address:
1º Juízo Criminal
Av. D. João II, nº 1.08.01 - Bloco B
1990-097 Lisboa
Portugal

Email: lisboa.jcr1@tribunais.org.pt  Phone: (+351) 213 505 500 Fax: (+351) 211 545 164

Process Number:  42/07.5PALSB (please mention it on the letters, faxes and emails you send to the Court)

A list of Portuguese Embassies worldwide:
http://www.mne.gov.pt/mne/en/ministerio/organizacoes/embaixadas/

Portuguese Consulates abroad:
http://www.mne.gov.pt/mne/en/infocidadao/pestrangeiro/consulados/

Days of the next Court hearings:
- 20 of April   - 29 of April   - 19 of May
________________________________________
Associação Internacional dos Trabalhadores
Secção Portuguesa
Apartado 50029
1701-001 Lisboa
PORTUGAL
Tel. +351 963 216 840  
 E-mail: aitport@yahoo.com  http://www.ait-sp.blogspot.com/  http://www.freewebs.com/ait-sp/

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