Thursday, August 19, 2010

EU self-delusion or lies continue over Greece!

The EU Commission states that the next tranche of funds for Greece can go ahead as it meets all the conditions, read here. Yet according to the latest midday news update from Open Europe, straight out of the box, we are informed as follows:

The frontpage of Handelsblatt reports that fear has returned in Athens, Brussels, Berlin and Washington as tax receipts for the Greek government have failed to match the expectations. In the first seven months of 2010, only 4.1 percent extra tax income for the government was created, while the EU and the IMF had been promised 13.7 percent for the whole year - a goal which will be hard to achieve as the tax burden has already been increased.

Don't you just love being part of the huge, corrupt, non-democratic organisation of the EU which even lies to itself as it dispenses your money in a manner that can only bring individual national disaster? Read the article from Der Spigel, which I linked yesterday if you have not yet done so, it is titled "Entering a death spiral" if only that could refer to the EU itself!

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