Poor Angela - Her early years as an organizer in the
East German socialist party must have left her deeply disappointed with the end
of the Soviet Union and reunification. Now, her dream of creating an EUSSR seems
doomed to end in failure too !!!!..... "The new EU bank plan states clearly and without
remorse that the decisions for any bank insolvency will be made by Regulators.
This would be people appointed by European politicians, this would be
bureaucrats, this would be employees of the State as Europe returns to the
governance of the old Soviet Union where the Rule of Law was subordinated to the
designs of the nation.....The only question is "do we have to go down with RMS
Titanic, or are there enough lifeboats available?" To mangle the metaphor, just
as the last thing the Titanic needed was more ice, the last thing the economies
need is more debt.
"The European Union has abrogated the Rule of Law for the
good of the State. This is the second such abrogation with the first being the
exemption of certain European institutions and the IMF from the Private Sector
Involvement of Greece. Greece may be a one-off exemption as they claim but we
now have a second instance where jurisprudence has been overturned for the good
of the nations of Europe. This is not Socialism or Capitalism but rather some
sort of Fascist governance which I publicly decry as the echo of the jackboots
sounds across the Continent once again."...As this eurozone meltdown deepens, a
chronic lack of "periphery" bank capital raises the risk of acute liquidity
crises. Spain's fourth largest bank has just asked for a €19bn bail-out.
Catalonia, the country's wealthiest region, says it is bust and central
government must pay its bills. According to some people in Spain this is Anglo
Saxon propaganda, here is a piece from El Pais, the DT is top billing. On its
website, Britain’s Daily Telegraph interpreted Mas’ comments as a call for a
bailout, prompting the Catalan government, known as the Generalitat, to issue a
statement complaining that the some media has misinterpreted the premier’s
remarks and had taken them out of context....Shocking
stuff - is this for real? I suspect it is.
6 comments:
We are approaching the end game, thank god. Lets get it over with. Euro dies, countries can breath again.
It will be messy for sure, but there is NO alternative now.
The head of the International Monetary Fund has been forced to express her sympathy for the Greek people after politicians and irate locals vilified her for saying the country was a nation of tax dodgers.
After being bombarded on her Facebook page with 10,000 messages, many of them obscene, Christine Lagarde took to the social networking site to say she was “very sympathetic to the Greek people and the challenges they are facing”.
Despite the emergence this afternoon of a new Facebook page titled “Greeks are against Lagarde”, she reiterated that everyone should pay their taxes.
Greek politicians were similarly engraged, with socialist party leader Evangelos Venizelos claiming she had “insulted the Greek people”.
The backlash came as Greece’s former prime minister warned the country could run out of the money by the end of June if bailout funds are withdrawn after next month’s election.
It comes as Business Secretary Vince Cable insisted the UK's double-dip recession meant it can't "lecture" countries on how to run their economies.
In a veiled attack on Greece, Mr Clegg told The Andrew Marr Show: "The eurozone rules, as they were formed, have not been stuck to. Its foundations are weaker than anyone could have predicted."
Greece will hold another election on June 17 after a May 6 vote left parliament divided evenly between groups of parties that support and oppose the austerity conditions attached to a €130bn bailout agreed with the European Union and International Monetary Fund in March.
Anti-bailout party Syriza is reportedly the favourite to win the fresh elections, raising questions whether the debt-stricken country - whose economy shrank 6.2pc in the first quarter of 2012 - can remain in the single currency.
Greece's To Vima newspaper claimed that former prime minister Lucas Papademos says his country will run of money by the end of next month
Apparently everything is all going to be OK according to the BBC, Spain included, as the Greeks are coming round to the idea of a Conservative, pro austerity Government after their next election. Common sense is therefore prevailing and the troublesome unemployed of Europe are going to knuckle down to paying off their debts for a generation or two. They know this as a result of a recent survey, so that's sorted.
Acid has been put in the water dispenser early today.
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