tag:blogger.com,1999:blog-1674709389503889160.post8497839681680309527..comments2024-03-25T14:25:25.102+00:00Comments on Poetry as Socio-proctology: Adam Tooze & Varoufakis's 'financial deterrence'windwheelhttp://www.blogger.com/profile/18099651877551933295noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1674709389503889160.post-85800301747618459122017-07-06T02:29:14.367+01:002017-07-06T02:29:14.367+01:00Syriza had threatened the Chinese stake in Piraeus...Syriza had threatened the Chinese stake in Piraeus and so they were playing nice with the Greeks. However, the ECB wouldn't give Emergency Liquidity Assistance to Greek banks to buy Greek T bills thus permitting them to multiply credit in Euros.<br /><br />China was willing to supply only a billion or so. Emergency Liquidity Assistance was 30 or 40 times larger. There was never any chance that the Russians or the Chinese or anyone else would have supplied that sort of assistance. Anyway China has got what it wanted. Piraeus is now securely theirs- the Greek directors have been squeezed out- and they are making other strategic investments of the sort Syriza swore to never allow.windwheelhttps://www.blogger.com/profile/18099651877551933295noreply@blogger.comtag:blogger.com,1999:blog-1674709389503889160.post-42442198713048548242017-07-05T23:34:42.779+01:002017-07-05T23:34:42.779+01:00A tad unfair to Varoufakis. China was prepared to ...A tad unfair to Varoufakis. China was prepared to buy Greek T bills in March 2015. Germany stopped them simply so as to break Greece and flaunt its hegemony over Europe.Anonymousnoreply@blogger.com