Irregularities



Would one ever expect that Italy would borrow at zero interest rates and Greece at negative interest rates? That the IMF will “worship” Keynes and exorcise the austerity policies he has loved so much in the past? That Microsoft will come to our country, but also that Pitsos would definitely leave for Turkey after 155 years in the homes of Greeks? Of course not, is the answer. Everything has changed around us over the months, as if the coronavirus triggered a great ignition of hidden forces in sleep all over the planet or processes that were going on in the world pot but with the lid closed and the switch at very low levels. Even the prospect of escalating Turkish aggression (and certainly not caused by the coronavirus) is indirectly linked to the pandemic, given that the Trump regime, which has so far favored Erdogan with its stance, has suffered serious a blow from the backlash, the shows and the mishandling of the American president with the case of the pandemic. But the European Union, despite its reluctance to confront Turkey over the Greek issue, is taking final steps (albeit hesitantly) in the right direction, which have so far put a brake on the Turkish president’s dangerous plans in the Aegean and Eastern Mediterranean. Steps that are directly related to and follow the historic decision taken by the Summit Council in the summer with the creation of the 750 billion euro Eurofund to support the recovery of the European economy after the recession brought by the coronavirus. Here, too, the pandemic sparked developments, highlighting the strategic choice of the European Union (and especially its powerful powers) to move forward, with faster steps. Two constants can be kept in this volatile environment. Both are related to Europe and favor our country. The first is the decision of the Europeans to take bolder steps (although the road is still a long way) towards European integration with the creation of the European Recovery Fund, the first to lead to debt reciprocity between member states. His German acceptance unblocked the process and sent a multiple positive message. It is not only the 32 billion euros that Greece expects from the European Recovery Fund, but also the solidarity framework that this decision signals. The second is the global shift, in which the EU is also playing a leading role, in how to deal with crises. Indeed, even the IMF is calling for a relaxed fiscal policy to prevent households around the world from being hit by the pandemic, with the European Central Bank, along with the Fed and the world’s other central banks, printing money to support economies. As all this is happening around us, let us ask ourselves: what would be the situation in our country today if we did not have Europe?



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