Merkel repeats there can be no negotiations on new bailout before referendum - The German chancellor is giving a speech at the Bundestag, where she has maintained her position against on pre-referendum negotiations. Merkel said: "I will reiterate over and over that the doors remains open for talks - we owe it to Greek people and to Europe," adding that any further talks would have to involve the IMF. She also said that a referendum is a legitimate democratic exercise. "But I also want to be clear - it is democratic and legitimate right for the EZ-18 (eurozone minus Greece) to have opinion on the Greek referendum - because it affects all." She added that Greece can't cause "economic catastrophe in Europe", but added "compromise at any cost is not possible. Otherwise Europe will be lost."
"This is not about several billion Euros - this is fundamentally about how EU can stay competitive in the world"...European Commission vice president Valdis Dombrovskis is speaking in Brussels today. He confirms that Brusels has received two letters from Athens, and the Commission is discussing a new two year request after yesterday's expiration. What will the conditions be?
We still don't know the terms attached to the loan. Mr Dombrovskis says any new ESM loan has a “procedure under the ESM treaty as to how this request is evaluated. And should the eurogroup decide to support the request, discussions will be held on the conditionality of the new programme”.
“We do not have a programme on which conditionality we can discuss, but those discussions on those prior actions will build in a possible new ESM programme" he says.
I think the Best Economic System is a proper combination of Publicly Owned Essential Industries, and the rest of the Economy would be Regulated Free Enterprise with Free and Fair Competition, and where Every country had its Own Publicly Ownership of the Banking System. I met a Person who told me that the reason the Capitalists cannot create Full Employment, and why they will Not allow Socialists to create Full Employment is because they are working for the Evil Invisible Demons, and the Evil Invisible Demons who control the European Union want People to suffer, and they Lament that their former Servant Hitler is not here today. There is one thing that Evil Capitalists need their Money for, and it is Not to make more Money, because they have enough and they can Print as much as they want. According to what a Person told me, that the Real Reason is to Satisfy their Secret Activity of having Trained Themselves to enjoy the Best Orgasms Only because an Invisible Demon or Rebel Angel has entered into them, because they have caused Suffering to other People, and that is what their Money buys them, and this includes some of the Females and some of the Males in Euro-America. He said that these Euro-American Capitalists are the Psychopathic Big Bankers and their Puppet Psychopathic Euro-American Elites who are Hopelessly Addicted to this Evil Sickness, and that they need Therapy. He said that Euro-American Plutocrats and their Puppet Politicians both Male and Female know how to present themselves in Public as being Normal People, but in Reality are Deranged, and these Facts are not exaggerations, but they are Facts with the Abundant Evidence for those who have Studied these Facts. I found a News Article which is more Honest than the Euro Reich Nazis are, and it is Titled: The only reason the EU would force Greece to leave the euro is to punish it , at http://www.smh.com.au/world/th...
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