Greece has entered “a new chapter” Jean-Claude Juncker cheerily said as banners in Brussels were raised for the ending of the country’s 8 year bail-out programme. In Greece there is less jubilation with a fifth of the working-age population out of work, youth unemployment running at 43.6% – the worst in the EU; the level of output remains 25 per cent below where it was a decade ago; the banks still carry significant bad loans; hundreds of thousands of Greeks have emigrated; and there is deep ill will towards the EU and other member states over their handling of the emergency.
Larry Elliot said: ‘Greece has been a colossal failure. It is a tale of incompetence, of dogma, of needless delay and of the interests of banks being put before the needs of people.’ The IMF are less optimistic about the long-term future given the level of debt, though GDP is rising again.
The Greece 24 July 1974 4am chart is showing signs of change this year with tr Uranus square the Sun; but is facing a challenging, rebellious and deprived 2019 with the tr Pluto Saturn conjunction square the 4th house Uranus indicating a population who’ve had enough. Tr Neptune will conjunct the Jupiter all year and into 2020 – suggesting high hopes will be dashed; and there’s a major setback Solar Arc Mars square Saturn, exact in the autumn of 2019. A global recession could hit the country badly given its fragile state.
The Greece 25 March 1821 5pm chart, if sound, will be similarly undermined in 2019 into 2020 with tr Neptune square the MC, with financial panics in 2021 as Solar Arc Venus squares the Neptune Uranus; and by 2020 tr Neptune squares the 4th house Moon hinting at a highly discontented population.
The chart for Greece joining the EU, 1 January 1981, looks to be under considerable pressure with the Pluto Saturn conjunction squaring the natal Pluto, following on from a downbeat 2018 with tr Saturn casting gloom over the Sun, Mercury, Saturn, Jupiter. Tr Uranus is square the Mars this year into 2019 which is insecure, angry and disruptive. By 2020 the Solar Arc Uranus will square the Saturn for more tensions erupting.
Not that Greece is likely to exit since they need EU money. And a no-deal Brexit could make a difference to them with less funds available. Both the Greece country relationship charts with the EU look under acute pressure for the next three years.
It may have largely been their fault but the EU and European banks, especially German, also have a good deal to answer for.
Comments by Yanis Varoufakis:- Greece was never bailed out – it remains a debtor’s prison and the EU won’t let go of the keys.
‘In summary, after having bailed out French and German banks at the expense of Europe’s poorest citizens, and after having turned Greece into a debtor’s prison, last week Greece’s creditors decided to declare victory. Having put Greece into a coma, they made it permanent and declared it “stability”: they pushed our people off a cliff and celebrated their bounce off the hard rock of a great depression as proof of “recovery”. To quote Tacitus, they made a desert and called it peace.’
https://www.theguardian.com/commentisfree/2018/aug/26/greece-was-never-bailed-out—it-remains-a-debtors-prison-and-the-eu-still-holds-the-keys