For the winds to set sail for the troops of the Greek coalition and battle against Troy in the world of Ancient Empires, the Gods wanted the leader of the expedition Agamemnon, to sacrifice his daughter Iphigenia. And, so he did according to the last play by Euripides, written around 408 BC.

Twenty five centuries later, Europe is in deep trouble facing the worst economic crisis ever. Catastrophe is imminent and an Iphigenia is badly needed. The Euro, the common European currency, officially launched on 16 December 1995 was at the time given a life expectancy of 15 years by Milton Friedman. We are now in 2010 and facts prove that Friedman was correct.

Now, Europe needs its scapegoat and this was chosen to be Greece. Not because the Greeks are more corrupt than the Germans or the British neither because Greece has committed any sacrilege.  We can give you many examples of British or German corruption cases having occurred with the blessing of the European Commission. Greece is too small to be dishonest by European administration standards. Greece was simply chosen to be, because it has a new government, all honest people acting in good faith with little experience and certainly unaware of how corporate gangs operate in the “civilized” world.

Greece also has a big public deficit accumulated over the last 30 years. Those mainly responsible for the accumulation of this huge deficit are the European Central Bank and the European Commission who allowed the debt to accumulate. The Commission and the ECB were responsible all these years for auditing Greece and all other European economies. The argument that the Greeks were cheating in their statistics all this time is beyond a joke. Indeed, if Greek civil servants at a salary of 800 Euro per month were capable of 30 years of cheating in the face of the auditing “super-brains” of Brussels and Frankfurt who enjoy salaries of 15.000 and 20.000 Euro per month, then Jose Barroso and his colleagues in the College, should turn to something stronger and perhaps more illicit to avoid reality...

In this context, I have to add that the Greek government and the Greek administration claim that Greece is suffering an across-the-board unethical offense by financial speculators. Although it looks to be true, I think that the Greek authorities, in defending their case, have a very limited view of the issue, and therefore are missing the real target of the speculators. That is the European currency itself – The Euro is under fire. The Euro is the target of the speculators where there is real profit. 
Why else would two of the world’s leading financial newspapers attack Greece on their front pages every single day?
What is it worth?
No, Greece is not worth that much bad publicity.

The Euro is the target and the target hides political and speculative reasons. The end of the Euro is coming and it is coming soon, as since its introduction, Europe although it had a common currency, did not manage to get a common budget.

Indeed, the common budget would signify the political unification of Europe, foreign and defense policies would have come under, and the combination of a common currency and a common budget, would have brought political unification.

Last but not least, we reprint here above last Friday’s front page of one of the leading financial papers of the world which speaks of the so-called (in Brussels) “the four PIGS” (Portugal, Italy, Greece and Spain). Indeed, what I as a journalist with common sense do not understand is why, among the four PIGS, “Ailing Greece infects market,” when it is the smallest of the four, and from the published table, Greece seems to have the best performance than any the other three.