AFRICABIZ VOL 2 - ISSUE: 140
July 15 - October 14, 2015
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Editor: Dr. Bienvenu-Magloire Quenum
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A WORD FROM THE EDITOR

Dear visitor and international investor,

We warmly welcome you, if this is your first visit to Africabiz Online - The ultimate newsletter on trading and investing in 49 sub-Saharan African countries. If you are a regular and faithful reader, welcome back.

- BEYOND THE GREEK FINANCIAL CRISIS

To start, let us define the word "crisis." It originates from Ancient Greece and is precisely a medical term.

Indeed, Hippocrates, the Father of Medicine, wrote extensively about 'crisis' being the key turning point in disease progression - the time at which it either overcomes the patient, or it subsides - which applies thoroughly to the current political and economic situation in Greece.

One must, however, look beyond Greece, for the outcome of the drama unfolding - since 5 years running - in that "tiny" country of 10 million people, would undoubtedly have a global geopolitical and financial consequence, leading to the reset of of the existing predatory financial system.

Indeed, what Greece is experiencing now is similar to what Iceland experienced in 2010. (Click on following links to review Africabiz Online's coverage/analysis of Iceland's case: 1, 2, 3, 4)

The only difference between Iceland and Greece is that Iceland is not a member of the European Union and does not have the EURO as national currency.

The situation is otherwise the same as Icelanders, on March 6, 2010, voted, at 96 percent of the constituency, to reject a debt's repayment bill that would be costing something around US$15,000 a year for each one of the 320,000 people on the island, till 2024.

Exactly as the Greeks rejected, by a resounding NO-vote representing 61 percent of the constituency (July 5, 2015,) conditions and terms set forth by the so-called Troïka: The IMF, The World Bank and The European Union's Commission to providing additional funds to assist Greece payback his huge debt.

Accepting the conditions, the Greeks would be obliged to continue applying an austerity program that have already put unemployment level above 40% of available workforce, together with a 25% downward decrease of Greece's national GDP.

So, the Greece financial crisis is not a premiere. Iceland had already set the path in year 2010. Africabiz Online stated then in this issue that the Icelanders resounding No-vote is, "A stepping Stone To Ending the Existing Predatory Financial System" and that, "The Fire of Protest Is Spreading."

The Greece financial crisis does have, however, a peculiar characteristic. That is, it reached its climax in an international political environment that is no more dominated by the United States of America and its western countries allies.

Indeed, these powers are now confronted with the assertive and irresistible rising political and economic power of the Russian Federation and Mainland China - which are in the driving seats of the BRICS nations.

Therefore, based on Hippocrates definition of a crisis as exposed at the beginning of this article, the Greek financial crisis can be considered as a turning point that would inevitably lead to the reset of the predatory financial system that ruled the world till today.

- Why Is It So? Because The Greek Debt Is An Odious Debt

Exactly as the Icelanders rejected their debt repayment bill as here exposed, the Greeks opposed terms and conditions set forth by the IMF, the World Bank and the European Union Commission to obtaining funds to service theirs.

And a sober observer of the world political and economic stage can assert - without any doubt, that the Greeks July 5, 2015 No-vote would have an immense influence worldwide on global world affairs.

Indeed, in spite of huge political and psychological pressure exercised against them during the week leading to the referendum vote on the bailout conditions and terms (the closure of the banks and Greek retired military generals's statement/declaration in favor of the bailout conditions - to name the few) the Greeks voted No!

It was a revolt of the people against the international financial establishment in charge of implementing and supervising the austerity program.

The people of Greece were saying we have enough of the austerity program. We want the institution of a program that promotes growth and creates riches for all.

And by doing so, they express the will of billions of ordinary people - against the Elite - in the European Union and beyond; particularly in African countries and South America where Structural Adjustment Programs had been implemented for decades running since the mid-1980's.

So, Africabiz online here asserts that, whatever maybe the outcome of the Greek financial crisis, (either the imposition of the harsh bailout conditions prevails, or Greece finally turns its back to the EURO zone - Grexit,) the Greek July 5, 2015 No-vote would be an important decisive factor to changing the financial system that ruled the world till today.

If the stark harshest bailout conditions listed on the left of this paragrahh (courtesy of Tara Palmeri @tarapalmeri on Twitter #Eurogroup on July 12, 2015 at 15:00 Brussels/Belgium) are imposed to Greece, it would be simply kicking the can further down the road.

The problem would not be solved and the probability of the breaking-up of the European Union current structure, organization and stability would exponentially increase in a short frame time of one year.

If it is Grexit, the geopolical consequence would be immense. Greece will not only leave the EURO zone, but may also leave the European Union and look somewhere else, to save itself. And where else if not the Russian Federation? And leaving NATO...

The second hypothesis is the more probable, because Greece had already defaulted on a payment to the IMF. And if eventually it gets financing from a forced bailout, it is not going to repay the defaulted debt to the IMF.

Furthermore, a steering committee setup by the Greek parliament, issued on April 2015 an astounding report about the Greek debt, declaring it ODIOUS. Which means that the debt should not be repaid.

The conclusion of the report reads as follows:

" ...The Committee hopes that the report will be a useful tool for those who want to exit the destructive logic of austerity and stand up for what is endangered today: human rights, democracy, peoples’ dignity, and the future of generations to come.

In response to those who impose unjust measures, the Greek people might invoke what Thucydides mentioned about the constitution of the Athenian people:

"As for the name, it is called a democracy, for the administration is run with a view to the interests of the many, not of the few” (Pericles’ Funeral Oration, in the speech from Thucydides’ History of the Peloponnesian War)."

The report is a must read for African countries decision-makers.

Click here to read about: The Greek Debt Is An Odious Debt. It Will Not Be Repaid.

Many thanks for dropping by and see you here on October 15, 2015

Dr. B.M. Quenum
Editor of AFRICABIZ

BUSINESS OPPORTUNITIES IN AFRICA

- Several business opportunities - component parts of the Integrated Developing Scheme described in Africans, Stop Being Poor! are listed in following table.

- NO MORE SYSTEMATIC UPDATE TO "BUSINESS OPPORTUNITIES"

With the release on January 31, 2013 of Africabiz Media™ flagship eBook, Africans, Stop Being Poor! The Roadmap to Prosperity for African Nations, the systematic update of the "Business Opportunities" section ends with delivery 129.

The several deliveries about "Business Opportunities" in African countries - started since 1997 - exposed in the table above number 128. Each of these opening way to at least five additional investment opportunities, that makes around 600 (six hundred) business opportunities exposed by Africabiz Online since 1997.

That is enough for anyone searching for business opportunities in African countries, to find his bread and water to entering the promising market of 49 sub-Saharan African countries where double-digit growth rate is the norm for well planned and professionally implemented projects.

From time to time, some exceptional project might be here reported, which needs shareholders.

- This is not the end of Business Opportunities in Africa

This is not the end of the Blog thought! If you do need a specific project to be tailored for you from the ground level, to financing research and implementation supervision, please visit the support page here available open a ticket to contact Dr. Quenum & Associates for assistance.

- Interested parties - private African and international investors / companies, government agencies, international development agencies - to make contact through the Free Access Support Console available at this link

Contact through the support console will get quickest reply from Africabiz Online's staff, than contact by emails. Click here for contact information. Be advised that first contact should be through the support console to be followed by phone calls. If you are a VIP-Member, use VIP-Members Support Console available here. Before you consult please click here to review this clarification

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