Friday, October 14, 2011

Common crewcuts - The IMF is driving the EU towards tyranny.

I would ask you to consider the opening sentence to a news report of 6th October, from Deutsch Börse Group, linked here, this morning:

Europe should force all its large banks to recapitalize according to common standards, a senior International Monetary Fund official said late Wednesday at a conference in Brussels.

This co-incides with widely circulated reports that the German banks have been "persuaded" by Angela Merkel, the German Chancellor, to accept a 60% "voluntary" haircut on the Greek senior bonds.

Has anybody circulating amongst the leaders of the world really grasped the full potential of the absolute end horror which accepting the IMF suggestion would involve. Firstly, "Europe" does not exist as an entity, as is presumed in the statement, BUT if it is intended that the reality of hegemony delivered by the sheer economic weight of Germany is being implied, then the widely circulated reports quoted in the paragraph immediately above this, surely rapidly confirms the validity of the IMF assumption! After all the IMF is at the centre of this growing mess.

Labels: ,

0 Comments:

Post a Comment

<< Home