French Finance Minister "We violated all the rules" to rescue the euro!
Open Europe has the quote from Mme Christine Lagarde as follows:
In an interview with the WSJ, French Economy Minister Christine Lagarde has said, “We violated all the rules because we wanted to close ranks and really rescue the euro zone.” She said, “The Treaty of Lisbon was very straightforward. No bailing out,” adding that the Greek and Irish rescues, as well as the creation of the bailout fund, were “major transgressions” of the Treaty.
So what is the point of having any Law, let alone Treaties governing the EU and WHAT in the name of everything that should be basic to all our liberties is the use of the EU's bloated Mainstream Media who since last May, day after day, week after week, month after month and crippled country after crippled country have allowed this situation to run on and on, getting ever worse and ever more serious?
This blogger has been blowing himself blue in the face pointing these facts out, but nobody, anywhere does anything about it nor nor does any politician seem in the least bit concerned!
In an interview with the WSJ, French Economy Minister Christine Lagarde has said, “We violated all the rules because we wanted to close ranks and really rescue the euro zone.” She said, “The Treaty of Lisbon was very straightforward. No bailing out,” adding that the Greek and Irish rescues, as well as the creation of the bailout fund, were “major transgressions” of the Treaty.
So what is the point of having any Law, let alone Treaties governing the EU and WHAT in the name of everything that should be basic to all our liberties is the use of the EU's bloated Mainstream Media who since last May, day after day, week after week, month after month and crippled country after crippled country have allowed this situation to run on and on, getting ever worse and ever more serious?
This blogger has been blowing himself blue in the face pointing these facts out, but nobody, anywhere does anything about it nor nor does any politician seem in the least bit concerned!
Labels: The Crash
posted by Martin at 1:44 PM
2 Comments:
Cool down, Martin. You're obviosly not a politician, nor (I guess) have you even worked with one. The startling thing about this quote is that Mme Lagarde was so honest. But then, she is not an elected politician, having been drafted into his government by Sarkozy, from the private sector. But, you have not been alone in pointing out the lack of legality in the EU's actions. However:
The reality, surely, is that it would take eons (or never) to get some sort of workable Treaty change. But desperate situations require desperate action: and this was deemed by all to be a desperate situation.
It's one thing to be an armchair commentator on the world. Quite another to be in the heat of the action.
Well it really only needs one honest one to start the ball rolling eh Derek!
Mme Lagarde's honesty and her governmental position have allowed this confession to highlight the dishonesty of our own Government Front Bench who are now presented with being publicly revealed as liars, see my follow-up post of Monday.
Does working with politicians automatically strip one of morality?
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