{"id":9765,"date":"2015-07-07T06:47:07","date_gmt":"2015-07-07T11:47:07","guid":{"rendered":"http:\/\/olduvai.ca\/?p=9765"},"modified":"2015-07-07T06:47:07","modified_gmt":"2015-07-07T11:47:07","slug":"the-german-siege-of-greece-begins-no-this-is-not-a-repeat-from-1941","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=9765","title":{"rendered":"The German Siege Of Greece Begins (No, This Is Not A Repeat From 1941)"},"content":{"rendered":"

The German Siege Of Greece Begins (No, This Is Not A Repeat From 1941)<\/a><\/h3>\n

\"Siege<\/a>Did you notice that Greece\u2019s creditors are not rushing to offer the Greeks a new deal in the wake of\u00a0the stunning referendum result<\/a>\u00a0on Sunday?\u00a0 In fact, it is being reported that the initial reaction to the \u201cno\u201d vote from top European politicians was \u201ca thunderous silence<\/a>\u201c.\u00a0 Needless to say, the European elite were not pleased by how the Greek people voted, but they still have all of the leverage.\u00a0 In particular, it is the Germans that are holding all of the cards.\u00a0 If the Germans want to cave in and give the Greeks the kind of deal that they desire, everyone else would follow suit.\u00a0 And if the Germans want to maintain a hard line with Greece, they can block any deal from happening all by themselves.\u00a0 So in the final analysis, this is really an economic test of wills between Germany and Greece, and time is on Germany\u2019s side.\u00a0 Germany doesn\u2019t have to offer anything new.\u00a0 The Germans can just sit back and wait for the Greek government to default on their debts, for Greek banks to totally run out of cash and for civil unrest to erupt in Greek cities as the economy grinds to a standstill.<\/p>\n

In ancient times, if a conquering army came up against a walled city that was quite formidable, often a decision would be made to conduct a siege.\u00a0 Instead of attacking a heavily defended city directly and taking heavy casualties, it was often much more cost effective to simply surround the city from a safe distance and starve the inhabitants into submission.<\/p>\n

In a sense, that is exactly what the Germans appear to want to do to the Greeks.\u00a0 Without more cash, the Greek government cannot pay their bills.\u00a0 Without more cash, Greek banks are going to start collapsing left and right.\u00a0 Without more cash, the Greek economy is going to completely and utterly collapse.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The German Siege Of Greece Begins (No, This Is Not A Repeat From 1941) Did you notice that Greece\u2019s creditors are not rushing to offer the Greeks a new deal in the wake of\u00a0the stunning referendum result\u00a0on Sunday?\u00a0 In fact, it is being reported that the initial reaction to the \u201cno\u201d vote from top European […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[1035,3325,7026,3461,200,7027,6431,6792,7028,7029,7030,359,1167,7031,6434,6435,7032,7033,481,7034],"class_list":["post-9765","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-cash","tag-creditors","tag-deal","tag-debts","tag-default","tag-default-on-debts","tag-economic","tag-european","tag-european-elite","tag-german","tag-germans","tag-germany","tag-greece","tag-greeces-creditors","tag-greek","tag-greek-banks","tag-greek-governemnt","tag-greeks","tag-leverage","tag-the-economy"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/9765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9765"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/9765\/revisions"}],"predecessor-version":[{"id":9766,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/9765\/revisions\/9766"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}