The European Commission is run by 32 people, all of whom are now billionaires
(Vivian Reding was the last one into the billionaires club). ...Not a single
one is competent in any way....Note that none of them come from a major country
- it's all rats and mice stuff - making it easier for France at first and
Germany now to tell them what to do.
Democracy? The EU spends a fortune keeping democracy or democratic expression
in check. We have allowed the EU to become a machine that serves itself and many
thousands of well paid staff - keeping themselves occupied by standardizing
everything right across the region via endless regulations. There has been very
little democracy about this - save for occasionally carefully calculated rubber
stamp exercises - usually by those desperate to get their snouts in the trough.
Politicians at the national level have, without the authorisation of the People,
serially signed away more and more of the sovereignty of their countries.
Snatching back currency sovereignty would be a reversal of this process. You can
expect the machinery of the EU to move Heaven and Earth (and every allegedly
fixed goalpost the EU has) to avoid it happening. The EU is designed as a one
way street. Democracy is greatly feared by these politically elite puppets -
Democracy spells the end of their Princely style and worse, Democracy would
challenge the source of their wealth and why the Commission found it necessary
to protect themselves and their ill-gained personal assets with a Law which
prohibits any examination or investigation of them. They are immune to
prosecution for any and ALL crimes and misdemeanors. The last Commission was
ignominiously forced to resign en masse - because - they stole £1.4 Billion -
yes billion. Not a penny was recovered. Not a prosecution was enforced. They
got away with grand theft Scot free....Most of them still work within the EU
Commission.
"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 publically decry as the echo of the jackboots sounds across the Continent once again."
"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 publically decry as the echo of the jackboots sounds across the Continent once again."
6 comments:
Lagarde: 'little sympathy' for Greeks
IMF chief says Greek parents worried about their children's futures should take responsibility
With Spanish banks now seen as a serious threat to the euro, taxpayers are likely to end up with 90% of the deeply troubled lender.
The new bailout – taxpayers already own 45% of Bankia – is expected to be just the first part of a growing bill for cleaning up a banking sector that has been refinancing loans on toxic real estate and comes amid signs that regions within Spain are unable to take the strain. The regional government of Catalonia called for financial help from the central government.
Bankia, which holds 10% of Spanish deposits, reassured savers their cash was safe. "Clients can be absolutely assured on safety of deposits," the bank said.
The cost of rescuing Bankia has been spiralling at an alarming rate ever since it was part-nationalised two weeks ago, when the state injected €4.5bn. Estimates at the time said it would need a further €5bn, though finance minister Luis de Guindos upped that to an additional €9bn earlier this week. On Friday night the bill hit €19bn. Just two weeks ago de Guindos said the entire Spanish banking sector would need only €15bn to cope with new provisions.
AlenLemone
53 seconds ago
I saw Greek far right clash with police the other day.
They were protesting against Afghanistan immigrants coming to Greece. When I watched the footage, I HONESTLY couldn't tell who were the Greeks and who were the Afghans...they all looked alike.
Beware Greeks bearing financial forecasts. Last time they said this they had months up their sleeves. No figures produced by the Greeks have any significant credibility.In any case, it's the money of others that they say they are running out of. Perhaps they could consider paying some tax for once? Unusually I agree with Lagarde on that point. Enough of subsidies!
PeterW
18 minutes ago
Greece has already has run out of money!
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TediUSA
9 minutes ago
This is a state that's a habitual Defaulter-they defaulted 9 times for the last 200 years .I am amazed that they were let in the EMU with that criminal record in a fisrt place, that comes to show you what disfunctional and unaccountable bunch of parasites the whole EU is.............
"From late June onwards, the ability of the government to fund its obligations fully depends on the approval of the subsequent installments of loans from the EFSF and the IMF," To Vima newspaper quoted Papademos as saying in a leaked memo.
"The available funds in the Greek government will be reduced gradually from about €3.8bn [£3bn} on May 11 to about €700m on June 18 and from June 20 will enter negative territory at the level of around €1bn."
Centre-left To Vima said Papademos made the warning in a memo to President Carolos Papoulias dated May 11 that was then circulated to party leaders as they tried to form a coalition after an inconclusive May 6 vote.
....thought Greece had run out of money a long time ago.
Surely now they are running out of other people's money.
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