ECB to attempt to veto National Sovereignty
Bini Smaghi of the ECB has asserted that a new Irish Government will not be permitted to renegotiate the terms of the EU/IMF Bail Out.
Here is the crunch point for the evil EU! If the Irish people elect a government in February that is committed to renegotiate that deal, who is Bini Smaghi to determine otherwise? Indeed who is Bini Smaghi at all? The first time I have seen his name was on the CNBC ticker reporting his statement a few minutes ago.
George Soros has it right, as I linked to his broadcast from the BBC on this blog yesterday. Ireland will renege on the deal next month as the alternative is national suicide extended over several years.
The question now is for the leaders of all those countries pledged to advance funds to Ireland, are they not betraying their own citizens, when throwing away their taxpayers' money, knowing that default is inevitable immediately after the Irish General Election?
Here is the crunch point for the evil EU! If the Irish people elect a government in February that is committed to renegotiate that deal, who is Bini Smaghi to determine otherwise? Indeed who is Bini Smaghi at all? The first time I have seen his name was on the CNBC ticker reporting his statement a few minutes ago.
George Soros has it right, as I linked to his broadcast from the BBC on this blog yesterday. Ireland will renege on the deal next month as the alternative is national suicide extended over several years.
The question now is for the leaders of all those countries pledged to advance funds to Ireland, are they not betraying their own citizens, when throwing away their taxpayers' money, knowing that default is inevitable immediately after the Irish General Election?
Labels: Irish default
posted by Martin at 9:47 AM
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