"Stop Putin" Coalition Cracking: Greece Laments "Blind Obedience To Cold War Strategies Of Brussels And Washington"

Tyler Durden's picture

It was all fun and games while the grand western "Pariah Putin is evil" alliance was calling the shots, lobbing one sanctions after another, and Russia was quietly sitting there and taking it all. But once Europe realized that suddenly its food exporters are about to see their revenues plunge (and ostensibly lead to even more domestic deflation as all the excess produce floods domestic markets) and lead to gaping trade deficits, suddenly cries that Putin's retaliation is "unfair" have filled the air. What's worse, the moment Russia retaliated, the grand alliance started to crack. Enter Greece which has hundreds of millions in food exports to Russia, and which was the first country to hint that it may splinter from the western "pro-sanctions" alliance.

According to Bloomberg, earlier today the Greek foreign minister and former PM said that "we are in continuous deliberations in order to have the smallest possible consequences, and if possible no significant impact whatsoever."  He added that Greece is trying to protect agricultural production, keep friendly relations with all countries, and fulfill its EU obligations. The problem is that it can't satisfy everyone, and certainly not its food exporters if it wants to remain on friendly terms with the same artificial union that has kept it on life support for the past 4+ years.

Bloomberg adds that Greece will set up a task force to monitor exports of Greek products to Russia, according to e-mailed statement from country’s Foreign Ministry. The task force will be comprised of representatives of Greek exporters and government officials, and its role will be to examine ways to expand markets for Greek, fruits and vegetables, in response to Russia’s decision to ban most food exports from EU countries.  Greek Foreign Ministry has taken action to ensure smooth access of agricultural products to Russian market. The problem is that Putin has clearly rejected any such "action", and the moment when largely agricultural Greece will where its allegiances lie, is coming.

And making it very clear that this will be a major political issue was a statement by the main opposition party Syriza which today said that the Greek government's "blind obedience to the Cold War strategies of Brussels and Washington will be disastrous for country’s agriculture." In a moment of surprising clarity, Syriza asked govt to immediately lift all sanctions to Russia, as they don’t contribute to a solution of the Ukrainian crisis, and "instead fuel an economic and trade war, in which Greece has unfortunately become involved." Syriza concluded that the government hasn’t weighted Greece’s special interests and bilateral relations with Russia.

It's not only Greece, however. That other country which recently spat in the general direction of Brussels and instead aligned itself with Russia and the South Stream gas pipeline, Austria, also made it very clear that the sanctions approach won't stand. Exports to Russia developed better than average in recent years, Austrian Agriculture Minister Andrae Rupprechter says in e-mailed statement.

Austria exported €238 million of agricultural products, edibles to Russia last year; Russia is Austria’s 3rd biggest export destination for such products outside of the EU. These exports have grown in all but 2 years since 2006, with Austria last year mainly exporting prepared foods, meat, animal feed, coffee, tee, spices, milk.

The implication there is quite clear too: sanctions are fine and all, but the second Russia retaliates, all bets are off.

And where things get really interesting is that Germany itself, that biggest wildcard in the grand Eurasian "counter USD" alliance, said moments ago that the Russian ban on imports of meat, fish, dairy products, fruits and vegetables from EU and U.S. will have “noticeable” impact, German Agriculture Minister Christian Schmidt says in e-mailed statement.

"I very much regret that Russia has taken this clearly politically-motivated step" Schmidt said, adding that "This action by Russia undoubtedly puts the previously constructive cooperation between the Russian and the German government on the export of agricultural goods to a tough test."

It would appear that Herr Schmidt, too, is shocked that Putin didn't merely crawl back into his cave but decided that the logical response would be its own round of sanctions. His anger is palpable: "This Russian decree isn’t suitable as a means of political pressure.  Russia’s boycott decision will not only have a profound impact on the German and European economy, but will also directly affect Russian consumers."

Sure, but more importantly, it will first affect German agricultural exporters, and they, unlike Russian consumers, get to vote in German elections. They also happen to be very vocal when they see their top-lines get crushed due to idiotic propaganda policies.

But the coup de grace, and what assures that things are only about to get much worse (before they get even worse) is the following:


In other words, the moment of truth for Europe is almost here, and very soon the insolvent continent will have to decide: blind allegiance to the world's (fading) reserve currency, i.e., the US (which is so friendly to its allies, it was just exposed in the biggest spying scandal with Germany in recent history), or the country which provides it with nearly a half of its energy needs and which just showed it can and will cause far more pain to Europe than vice versa.

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Latina Lover's picture

The Greeks are taking it again greek style on behalf of the unelected EU officials, compromised by the NSA.  Imagine a Europe without the EU, where every country lives according to its domestic norms, instead of diktat from the USSA, ultimately controlled by international banksters.

Headbanger's picture

++14930352  Fibo!

That's fucking awesome!

BTW:  It was actually the Russians who liberated Greece in WWII and I doubt they have forgotten that fact!


"On February 2nd 1943 the German army surrenders to the Red Army in Stalingrad. Over a quarter million German soldiers have died and almost a hundred thousand are taken prisoner. By August of 1944 the Russians have crossed through Romania and into the Balkans. The Germans in Greece are in danger of being cut off from their homeland and begin a retreat north. As the last German soldiers take the swastika down from the Acropolis and begin to drive through the city towards the road north they pass through crowds of Athenians in a state of joy, waving the blue and white Greek flags, embracing, while bells ring all over the city"

Publicus's picture

Wait till Russia bans European flights but allow everyone else to fly over Russia, EU's reaction will be comedy

Keyser's picture

That will cost EU airlines 1.3 billions Euros over 3 months when Vlad plays that card... 

The card I'm waiting for the Ruble or Gold for fossil fuels announcement... Vlad has been very patient with the numpties from the West.. The question is, how long will his good nature hold...


El Vaquero's picture

I guarantee that Putin has access to more information than I do, so the real picture may be different than what I see and the proper response may be different, but based on what I know, it would make sense for Putin to ensure that for all dollar transactions on energy, the price goes up "because of the sanctions," while allowing countries to settle in other currencies or even PMs at a discount to dollar transactions.  The timing for this would be at the onset of fall or just before, when people are starting to turn on their heaters.

jaxville's picture

   Good point EV.  As much as many of us here would like to see the US dollar reserve status get buried forever, it could take another year or even two before it actually comes to fruition.

  Ultimately gold would be the best reserve currency but there is no way the BRICS will push for that until the gold supplies as well as the price discovery mechanisms of the West have become irrelevant.  We could easily see another year of outflows, possibly two; before the LBMA and Comex become minor players in price setting.  For now the status quo will remain as the East accumulates artificially priced (cheap) gold. Their only concern is a resurgence in Western demand that creates competition and higher prices...something not likely to happen while most Westerners get their news from the mainstain media.

  Before another currency can replace the dollar, that currency must have a developed bond market so that countries running current account surpluses have a mechanism for holding that surplus in a secure and liquid means.  We have at least another year before the Red Chinese Remnimbi is well enough established into the global banking system for it to be a credible component of a currency basket that displaces the US dollar.

  Point is that we must be patient as the US dollar will not be replaced as the global reserve overnight. It will be Saudi Arabia and other gulf oil exporting states that end the reserve status by accepting other currencies for their exports.


MarsInScorpio's picture

I'm curious what percentage of Germans buy their lying politicians' lies?


Leopold B. Scotch's picture

The Greeks will soon be reminded of which side their debt bubble is buttered... And will be offered more butter to make up for the trade consequences.

Nothing a little currency devaluation (tax) can't solve.  see?

oddjob's picture

I can't believe its not butter, Butters.

CPL's picture

Those that opted a couple of years back for system B, they are doing alright, not great but getting by without 'government' just fine.  Eventually all governments will just be seen as crazy people asking for things they don't merit.  Like attention, time and money.  Eventually the cheques start to bounce (which in Greece it's been happening for a couple of years) and all those people with guns, will need to find employment that puts food on the table.

Got silver, got gold, got BTC?  Because that's the plan.  No 'if's' 'and's' or 'buts'.  You are all getting the Coyote medicine.  It's bitter, but it works really well.  Now open up, your next dose is coming because it's going to get weirder.  Eventually it'll just get strange and I doubt a bunch of soft paw richie riches will be able to handle strange.

El Vaquero's picture

At some point, real goods have to be exchanged and papering over the problem will fail. 

LostandFound's picture

Bingo, the real stuff not the ponzi scheme.

Greenskeeper_Carl's picture

If they are like the US and reelect 95% of their incumbents, despite complaining about nonstop, I'm sure that percentage is pretty high.

Seasmoke's picture

Economic War makes for strange bedfellows. 

101 years and counting's picture

does that mean no more German money going to greece?  and greece finally has an all out default?  and leaves the euro?  

813kml's picture

I don't see how this is strange, Russia and Greece have always had strong ties.  Throw in a thorough raping by the EU and I think the BRICS development fund might have found its first customer.

KnuckleDragger-X's picture

Agreed, and the bedfellows are going to get much stranger as this progresses.

Dr. Engali's picture

Too bad Greece is following the debt masters with blind obedience.

Postal's picture

I'm thinking the smartest thing Putin could do would be to set up a bi-lateral trade agreement with Greece:They won't support the EU sanctions, Russia will funnel Chinese funds to prop up their economy, and Russia will continue to buy their exports. Methinks that would make life considerably more interesting.

DeadFred's picture

Would that the world could show such sanity.

LawsofPhysics's picture

Much like what has been going on in Russia for the last 30+ years, the "official" state of the economy and "markets" in the west will be "reported" as one thing, all the while the situation on the ground (i.e. places like Detroit) will be something else entirely.

Same as it ever was...

q99x2's picture

If the EU could get rid of the Goldman Sach they would have more business than ever because they are at one end of Russia and China is at the other. Russia naturally is the next area of growth.

COSMOS's picture

Get rid of the Middleman,  GS is just a parasite feeding off transactions.

MarsInScorpio's picture

the not:


Escaping from Reality by playing golf, getting drunk night after night at his drunken gab fest dinner parties, making speeches to brain-dead Obamabots whom he knows will still worship his every word . . .


How much longer before the inconvenient truth that Obama is mentally ill sinks in?


Winston Churchill's picture

Unfortunately his psychosis is more infecteous than ebola.

SillySalesmanQuestion's picture

More shots fired in the Great Currency Wars...how soon before the real bullets and bombs start flying and dropping?

MarsInScorpio's picture

Only a madman would behave so irresponsibly. For that reason, it's time to implement the 25th Amendment, Section 4:

Section 4. Whenever the Vice President and a majority of either the principal officers of the executive departments or of such other body as Congress may by law provide, transmit to the President pro tempore of the Senate and the Speaker of the House of Representatives their written declaration that the President is unable to discharge the powers and duties of his office, the Vice President shall immediately assume the powers and duties of the office as Acting President.

Thereafter, when the President transmits to the President pro tempore of the Senate and the Speaker of the House of Representatives his written declaration that no inability exists, he shall resume the powers and duties of his office unless the Vice President and a majority of either the principal officers of the executive department or of such other body as Congress may by law provide, transmit within four days to the President pro tempore of the Senate and the Speaker of the House of Representatives their written declaration that the President is unable to discharge the powers and duties of his office.

Thereupon Congress shall decide the issue, assembling within forty-eight hours for that purpose if not in session.

If the Congress, within twenty-one days after receipt of the latter written declaration, or, if Congress is not in session, within twenty-one days after Congress is required to assemble, determines by two-thirds vote of both Houses that the President is unable to discharge the powers and duties of his office, the Vice President shall continue to discharge the same as Acting President; otherwise, the President shall resume the powers and duties of
his office.
Obama has lost his mind, and is placing the US in danger of a pandemic that could kill thousands - maybe even more.

He has to go - this is the way to get him away from the "button" of disease warfare waged on the American people.

pazmaker's picture

Brilliant idea...let's hand over to Biden!  (sarc)

Bollixed's picture

Now you know why the job was handed to Biden...


Ven i am sad i tink of Vlad an den i stop be sad an be awsum instad!

Victor999's picture

Putin to the EU:  In the one hand I hold economic disaster and possibly the devastation of war....in the other hand I have peace and dollar-free economic prosperity.  I leave it to you to choose.

(Paraphrase credit to Paul Craig Roberts)

Winston Churchill's picture

And realpolitik says that then , Pax Americana turns europe to glass.

'The American way of life is not negotiable".

You can read that anyway you like, but its true meaning is obvious.

Heads europe loses, tails europe loses, getting out of it is going to be fascinating to watch..

Urban Redneck's picture

Nuking Europe has been the official US plan for almost 70 years now.

Did the Europeans never figure out that that US would be perfectly willing to sacrifice a couple hundred thousand of its own troops right along with most of the population of "the continent" so that the USSA and USSR could escalate to tactical madness and then let cooler heads prevail without resorting to strategic insanity?

Keyser's picture

'The American way of life is not negotiable".

TPTB realize this, which is why they are destroying the republic from the inside out instead of dealing with it, while throwing the EU under the bus to delay the inevitable collapse in the US from the weight of it's own debt... 

KnuckleDragger-X's picture

Sow the wind, reap the whirlwind. they think they can control they end result but completely ignore chaos. The gods of the copybook headings http://www.poetryloverspage.com/poets/kipling/gods_of_copybook_headings.... shall be speaking soon.

Lea's picture

Greek foreign minister: "we are in continuous deliberations in order to have the smallest possible consequences, and if possible no significant impact whatsoever."
Yes, but "no significant impact" works only as long as you are not on the receiving end of economic sanctions, dearie. 

One wonders at such a tsunami of sheer idiocy, how many brainstormings, how many taxpayer-funded think-tanks were involved so these guys could delude themselves into thinking Russia was weak and Putin would take it all without retaliating?
Please don't remind me these guys are actually PAID.

himaroid's picture

How many dumbasses voted for oBUMMER thinking the whole world would love us again?

Againstthelie's picture

Wrong question.

How many dumbasses believe in the color-changing game? How man dumbasses believe if they vote the other color it would change something? How many dumbasses still believe in the gigantic lie of "free press"?

How few people understand it is not and never has been a "democracy", that it's a plutocracy?

How many Americans understand that it's not even a country, that it's only a business?

Quick's picture

Wrong answer.---- Obama was chosen by the left because he agrees with the goals. Or is too stupid to thwart the leftist agenda.


There ARE factions that disagree among TPTB. You think they all follow the same agenda to the same end result-----


WRONG !!!!


Different factions of TPTB have different ideas and goals. Same as the different gangs in a city try to protect their turf OR different crime families fight each other.

They dont all agree!!!!!


The left won the last 2 elections and have moved quickly to ruin the US and make elections useless in hopes of finishing what they started  --  The demise of the US.

williambanzai7's picture

What a bunch of maroons...--Bugs Bunny

The Black Bishop's picture

If only their own lives were at stake, and not hundreds of millions, even billions of people.


Being a Norwegian I am actually gloating at the news of Russia sanctioning Norwegian products. The stupid asshats "leading" my country are driving us into confrontation. The same hypocrites that always try to empasise Norway's role as a "peace negotiator" for our prudence and objectivity....right!


Norway dumped all of its gold reserves in 2005-2006 under the argument that "it wasnt generating any returns". That tells volumes of these maroons (thanks for that william :-) understanding of what gold is and has always been about. Security. Now we have invested around 1/3rd of our sovereign wealth fund in the USA. Watch it all burn! I bet we are not going to see much of  that money ever again. And yet the maroons keep clamoring about pumping up even MORE oil from our North Sea reservoirs. The idiots dont understand that the best return possible is just to keep it down there. Do we really need more electronic numbers on a bank account?


I am one of the forunate few with no debt and money to  spare. I am just waiting for the shit to truly hit the fan and for the nightmare to come in through the front door and burn it all down. I will be smart and keep my money out until everything has hit rock bottom. Then I'll jump in. If there is anything to jump in. And if not, then I'll trade for some good booze and go out partying.

williambanzai7's picture

The people doing the sanctioning are not "the people."