Is this what you call a Union?

Not since Captain Corelli's Mandolin have images of the Swastika in Greece been so prevalent on our TV screens.

Is this really the 21st century reality of the European Union?
Chillingly, yes.

Fifty thousand people took to the streets to protest against German Chancellor Angela Merkel's visit to Athens as she made her first visit to Greece in five years. Despite strict security measures and a ban on public gatherings, police still resorted to firing tear gas at protestors and arrested almost 200 people.

The Greek people blame Merkel for overseeing the strict programme of cuts that have been conditions of receiving financial help.

Greece is set to miss the fice year debt reduction target that was set when the country's €100 billion bail out was negotiated, that's despite the extraordinary measures taken by the Government that has seen thousands reduced to poverty and homelessness.

Across Europe the situation is deteriorating. In Spain the Red Cross has appealed to the public to supply food parcels for stricken countrymen and has launched a massive appeal for millions of Euros to help those most in need in the country. It is the first time such an appeal has been launched to help those in need domestically, with usual campaigns targeting the world's poorest in Africa and Asia. The charity say some 2.3 million Spaniards are now extremely vulnerable and in need of food aid.

Yesterday, Greek Prime Minister Antonis Samaris pleaded with the German Chancellor that his country was "bleeding" from all the internationally imposed cuts, however she showed no sign of backing down on German sanctioning of the demands, instead choosing to compare the situation in Greece to that in her own East Germany after reunification with the West.

You would think with so many Nazi-themed insults being bandied about by the disgusted people of Greece,  she would avoid alluding to the war.

Yet what we got from the Greek Government was more of a tail between the legs grovelling about rectifying mistakes, perhaps in reference to the image being portrayed by German media as a nation of lazy and workshy complainers. Similarly Merkel has been tarnished with Nazi Overlord representations through out Greece. Yesterday's meeting was more a PR stunt to show solidarity between the two nations, rather than a meeting to discuss a productive settlement and reinforce both sides' commitment to maintaining Greece within the Eurozone.

Yet for many, the cards are still very much in German hands.

German-led conditions attached to emergency loans have made Merkel the face of austerity for Greeks. Merkel has been depicted in the Greek media wearing jackboots and an SS uniform.

Yet the austerity is not working. The Greek economy is set to contract for a sixth year in 2013 while the government continuously fails to meet deficit-reduction target. The economic downturn is the worst since World War II, post Nazi occupation. Which brings us onto the thorny matter of war reparations.

Under German occupation Greece was forced pay war loans to Hitler, leading to hyperinflation and a famine in which more than 500,000 Greeks, or 7 percent of the population, died between October 1940 and October 1944, a quarter of a million from hunger.

It is believed that under  occupation from 1941 to 1945, Greece paid Germany some £86 billion, which many believe the German's still owe. Despite Greece receiving reparations from Italy after World War II in recompense for Mussolini's occupation of the country, Germany never paid Greece. Fast forward the clock sixty years and the irony that the Greek people see the German Chancellor as transforming their country into a "German protectorate" is evident amidst calls for the occupation loan to be repaid, which would go a long way to securing Greece future financial security.

Is this what the European Union, set up in the wake of World War II, was supposed to lead to?

One country dominating the affairs of another, peoples at loggerheads over who is right, who is wrong, and who owes who what?

It amazes me that the international community has failed to speak up on the issue. When it is falling to charities in 21st century Europe to make appeals for food aid due to political measures being enforced by other countries or unelected organisations, it is staggering that nobody is speaking up.

The UN's Development Policy and Analysis Division (DPAD) notes that the debt crisis in the euro area, especially in Greece, remains the biggest threat to the world economy. An escalation could trigger severe turmoil in the financial markets and a sharp rise in global risk aversion, leading to a contraction of economic activity in developed countries. In their World Economic Situations and Prospects report, they advise

"Breaking out of the vicious cycle of continued deleveraging, rising unemployment, fiscal austerity and financial sector fragility requires more concerted and more coherent efforts on several fronts of national and international policy making.
On the fiscal front, it is essential to change course in fiscal policy in developed economies and shift the focus from short-term consolidation to robust economic growth with medium- to long-run fiscal sustainability. Premature fiscal austerity carry the risk of creating a vicious downward spiral, with enormous economic and social costs.
Fiscal austerity has already pushed many European countries further into recession. This is particularly relevant for the debt-ridden euro area economies. Euro area countries have fallen back into recession, following fiscal retrenchment over the past two years. Clearly, the efforts at regaining debt sustainability through fiscal austerity are backfiring in low growth and high unemployment."

What is so staggering is that Europe, and when I say Europe I mean a few figures from the European Commission in Brussels, the European Central Bank and leaders of the wealthiest Eurozone member states, are being allowed to dictate policy that is having a very human cost.

One wonders if a similar situation was being faced by ECOWAS or with the CFA Franc whether or not Europe would be muscling in to dictate what be done to rectify the situation.

Without a doubt.

Although Central African CFA francs and West African CFA francs have always had the same monetary value against other currencies, they are separate currencies. They could theoretically have different values from any moment if one of the two CFA monetary authorities, or France, decided it.

Why does the Euro not break up and follow the same agenda?

Answers on a postcard please.

Oil, banks and democracy - a potent blend

Oil carries with it so many connotations.
The social, moral and geo-political implications create a quagmire as opague and viscous as the crude substance itself.
When Ghana discovered oil off its coast line a few years ago there was a sharp intake of breath. Everyone saw what had happened in Nigeria. The Government were not prepared to fall into the same trap, creating a feral landscape where natives and multi-nationals go head to head over the black stuff, where misery is wrought across borders such as in Sudan, and where corrupt governmental allegiances and illegal wars exacerbate religious and ethnic divides. Where there is misery and oppression, there is often oil.

In the case of Spain, Italy and Greece however the interconnection between oil and misery is different.

Oil in Spain?

Yes. The Golden Stuff.

Olive oil.

For in Spain the price of oil olive has slid so drastically, caused by a sharp decline in domestic demand, a failure of potential foreign export markets to embrace the oil - such as the Far East, and a supply overload flooding the market. As a result, the EU has been forced to intervene. [Sigh]

Taxpayers' money is now being driven in to shore up the prices in order to maintain employment in rural areas that rely almost exclusively upon olive plantations.

We all know what happens when the EU intervenes, fixing prices and stockpiling resources.
Should we expect olive oil producers over the next few years to become completely dependent upon single payments?

The future of the Mediterranean economies in the Eurozone is bleaker than is being made out. In Spain, the Government are beginning to realise there is little they can do to avoid becoming the next Greece. The likelihood of the country needing an EU bail out is almost certain. Spanish banks have been propping up state finances to the tune of €316 billion borrowed from the European Central Bank. Those banks now emergency finance, to the tune of €23.5 billion, which the Spanish Government has been determined to find itself - creating an ironic cycle of debt that cannot be broken without outside stimulus.

Yet the people of Spain have already shown vehement opposition to the Government's own austerity measures, and with a quarter of the adult population now unemployed, who could blame them? Yet any EU bail out comes with a multitude of conditions that must be met - however unsympathetic to the plight of the normal person. This is the situation we are now seeing in Greece, where the democratic choice is an end to austerity, yet the EU refuses to climb down on the demands stipulated in return for propping up the single currency. One can be assured that if Spain ends up in a similar position, the opinion of the public would be known the world over.

In Ireland,  the public have gone to the polls to vote in a referendum on Irish approval of the "EU fiscal pact" set out last December. Prime Minister Enda Kenny has urged the nation in a televised address to back the proposals, in order to ensure the rug isn't pulled from under their feet, and for the time being, the propaganda appears to have worked with early results indicating voters would back the fiscal pact. Of course in Ireland they also have the added security of sterling propping up some Government debt after George Osborne signed off a £7 billion bilateral loan, but this also means our loan, which is due to be repaid with interest in the future, is at risk of falling into a fiscal blackhole if the single currency collapses.

The coping mechanism that has been rolled out during the course of the last four years has been for deeper integration and mutualised responsibility, yet this flies in the face of the will of the majority of voters in the EU,  be they Germans who do not accept their share of any burden or Greeks forced out of work, unable to access medicines and even food. The public conception is that closer EU integration has weakened national economies, rather than providing the reinforcement that it was purported to achieve.

Economics is more of an art than a science, it is often argued. It involves theorising, when nobody can understand or predict what any outcome may be, however well read they may be in the field or practised and proven in managing national debts. While one side of the argument would state that breaking the single currency up would cause a lot of short term pain but enable each country to forge an idiomatic platform upon which to compete and rebuild, others would argue that disintegrating the Euro would leave huge unaccounted for wounds of debt that would plunge the global markets back into disarray, creating shockwaves more severe than those witnessed in 2008 and the first global credit crunch.

One thing is for sure. The break up of the single currency would not be good for the EU. It would undermine the entire European project and pit disenchanted countries against one another, further enhancing the risk of member states applying to leave the EU, potentially resulting in the domino affect of the entire dissolution of the entireUnion. It is argued that nowhere in any treaty is exiting the single currency accounted for, further enhancing the risk of the break up of the Euro resulting in ejection from the EU itself - by law.

June is set to be an interesing month. If Greece runs out of money before the elections, and if Brussels are resolute in their stance that a bail out would not be provided without obeisance to their conditions, we could have a humanitarian crisis on our hands.

I hope, for the sake of the people of Greece, this is not the case.