Germany, Greece and the Necessity for Seisachtheia .
Germany ran up the largest debts of any nation during the 20th century
in pursuit of its ambitions and was forgiven almost all of them.
Two
post-war deals, one in 1948 and another in 1953 wrote off most of
Germany's debts from the two world wars and 1930s depression and delayed
the remainder for almost 40 years.
In 1990, when war loans were onthe
agenda again, the newly reconstituted German nation refused the
payment.. An agreement with the US and UK allowed Germany to wriggle
free with a near 100% haircut on the last debts.
In other words, Germany, more than one time, implemented the principle of Sesachtheia ( state of necessity). They refused the repayment of their debt, claiming that the political and social existence of their State was in danger. The necessity for the survival of the State was prioritized.
That is how, in few words, the German economic miracle has been achieved in the coming years.
It is a strong paradox that the German Government is now at the
forefront of the political forces, who obstinately refuse to consent to a
plan of alleviation for the weak countries which will prevent them from
being ruined.
In essence, the German Government , with Mrs Merkel
as their leader, proceed towards harsh and usurious lending to their
European partners, who are suffering the consequences.
They are
heading towards the usurpation of the sovereignty of the suffering
states by imposing conditions of impoverishment and misery on their
people and thus aiming at their “economic colonization”. Seisachtheia principle is conveniently and completely forgotten. It is time for the European Citizens to make sure that Europe will remember their roots. With the collection of 1 million signatures the principle of Seisachtheia becomes again the Law.
Establish Now the Principle of the “state of necessity ”. When the
financial and the political existence of a State is in danger because of
the serving of the abhorrent debt (galloping unemployment; the collapse
of wages and pensions; the closure of hospitals and schools, as well as
of social services; individual wretchedness; etc.) the refusal of its
payment is necessary and justifiable.
It should be noted that most
of the Greek debt consists of the capitalization of the interest, which
goes back many decades. The capital of the loans themselves has been
paid. In other words, write off this COMPOUND INTEREST.
We are the real Europe. Sign our Cause, Share the Action, Be the Change
Germany, Greece and the Necessity for Seisachtheia .
Germany ran up the largest debts of any nation during the 20th century in pursuit of its ambitions and was forgiven almost all of them.
Two post-war deals, one in 1948 and another in 1953 wrote off most of Germany's debts from the two world wars and 1930s depression and delayed the remainder for almost 40 years.
In 1990, when war loans were onthe agenda again, the newly reconstituted German nation refused the payment.. An agreement with the US and UK allowed Germany to wriggle free with a near 100% haircut on the last debts.
In other words, Germany, more than one time, implemented the principle of Sesachtheia ( state of necessity). They refused the repayment of their debt, claiming that the political and social existence of their State was in danger. The necessity for the survival of the State was prioritized.
That is how, in few words, the German economic miracle has been achieved in the coming years.
It is a strong paradox that the German Government is now at the forefront of the political forces, who obstinately refuse to consent to a plan of alleviation for the weak countries which will prevent them from being ruined.
In essence, the German Government , with Mrs Merkel as their leader, proceed towards harsh and usurious lending to their European partners, who are suffering the consequences.
They are heading towards the usurpation of the sovereignty of the suffering states by imposing conditions of impoverishment and misery on their people and thus aiming at their “economic colonization”. Seisachtheia principle is conveniently and completely forgotten. It is time for the European Citizens to make sure that Europe will remember their roots. With the collection of 1 million signatures the principle of Seisachtheia becomes again the Law.
Establish Now the Principle of the “state of necessity ”. When the financial and the political existence of a State is in danger because of the serving of the abhorrent debt (galloping unemployment; the collapse of wages and pensions; the closure of hospitals and schools, as well as of social services; individual wretchedness; etc.) the refusal of its payment is necessary and justifiable.
It should be noted that most of the Greek debt consists of the capitalization of the interest, which goes back many decades. The capital of the loans themselves has been paid. In other words, write off this COMPOUND INTEREST.
We are the real Europe. Sign our Cause, Share the Action, Be the Change
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