The EU has not rescued Greece as an EU member, meaning that a structure, which established its monetary union and actualized border and customs union, did not accept the debt of Greece, one of the smallest member countries, as its own internal debt. Greece has been made pray to monsters by the EU itself. In this case, the EU has ceased to be a union in real terms with the reality of Greece. The fiscal union, a political union and nation-state mechanisms that will accompany the EU constitution will melt away within this political union and, moreover, the monetary union has also entered a disintegration process. This means small EU countries, including Greece, will have to fend for themselves. There are two alternatives ahead for countries like Greece and countries that are likely to face the same situation as Greece, they will bow before wealthy northern European countries led by Germany and submit to the structure that has brought them to this position. In other words, from now on, they will proceed on their way as an internal market, cheap labor store, logistics center, export port of the wealthy northern countries, like a semi-colony of them. This is what the troika of the International Monetary Fund (IMF), European Commission (EC) and European Central Bank (ECB) has imposed on Greece. The other option is to admit that the EU has come to an end for them, secede from the eurozone and turn their faces toward the east and south as independent countries. I would suggest Greece face Turkey in this process. This is because commercial transits and energy lines, particularly the Southern Gas Corridor (SGC), are being realized through Turkey and Greece. I think the SGC is one of the major energy projects of this century. This pipeline, which originates from the Caspian region of Azerbaijan and passes through Turkey with the Trans-Anatolian Natural Gas Pipeline (TANAP), continues with the Trans Adriatic Pipeline (TAP) through Greece. Interestingly enough, Germany, which helped lead Greece to bankruptcy, is going to the ends of the earth to push this project into the background. This project will nourish Europe through Turkey and Greece and will be the major energy line of Europe coming from the east. As German Chancellor Angela Merkel has set her eyes on Egypt for alternative energy and market transits to Turkey, she recently welcomed Egypt's fascist, coup-maker, dictator president, Abdel-Fattah el-Sissi, and paid attention to his instructions. With the same motive, Germany also supports all terrorist structures, including the Islamic State of Iraq and al-Sham (ISIS), that jeopardize energy supply security in the Syrian and Iraqi territories. For Germany, Greek Prime Minister Alexis Tspiras, who came to power through democratic elections in the same union, is not as estimable as a fascist murderer who seized power by force of arms and killed thousands of innocent people. This alone tells us from where the Greek crisis arises.
What happens if Greece turns its face toward its long-time neighbor, Turkey, rather than to Germany, which pushed it to the cliff edge? Turkey's exports to Greece is around 1 billion euros. It can be thought of as open credit in Turkish lira in Greek Central Bank for the purchases made from Turkey and conduct the country's trade with this credit. In this stage, Turkey and Greece should review their commercial and financial relations independently from the EU and establish a new integration strategy. To this end, the two countries can make bilateral trade agreements. Turkey can open credit to Greece for its purchases from Turkey. In case Greece secedes from the eurozone, local currency clearing-based trade can be put in place not only with Turkey, but also with the Middle Eastern countries.
The Chinese yuan is on the way to becoming an international reserve currencies. The first step of this was to add the yuan to the currencies that constitute the IMF's reserve-currency basket, which George Soros suggested in the Bretton Woods conference held at the World Bank in May 19, 2015.
Soros suggests that controlling the increasing military spending of Russia and China and accepting the principle of rule of law can be a matter of negotiation in return for the privilege given to the yuan. This was a very interesting suggestion. In case the yuan turns into an international reserve currency, the opportunity of a very broad trade mechanism will be provided for the European countries outside of the eurozone and for countries like Turkey who are waiting to become a member state. This is a new integration opportunity for the East and West at the same time.
If the yuan becomes an international currency, the European countries outside of the eurozone and many developing countries can plan to use the yuan as the exchange/reserve unit for bilateral trade agreements that will be made with local currencies and balance their dependencies on the Western banking system. At the same time this means the dissolution of the sick and old banking and financial systems in countries such as Greece over the course of time.
As can be seen, there are many ways out for Greece, which is thought to have gone bankrupt, but there is no way out for countries like Germany that believe Greece has sunk while they are afloat.