Firewall fraud set to shortly seal the Euro's fate
Reuters is reporting that Finnish EU Finance Commissioner Olli Rehn, is claiming the detail of the Euro Groups' Euro rescue fund, more recently referred to as a firewall (lattice-worked marshmallow and caramel no doubt) will be decided as to "design and combined size" in Copenhagen this coming Friday.
This report, comes it should be noted, on the back of Rehn's own nation's tricky constitutional situation on raised firewalls for the Euro, perhaps providing an insight into the use of the term "combined size"?
In theory the "firewall" will be a combination of the existing EFSF and the planned ESM. In reality it is the back-up financial guarantee to be provided by Germany in payment for its taking over the governance and control of the other Euro Group countries, and suspending their democracies and pretence of economic self-rule far into the long distant and indefinite future. Was ever an almost entire Continent, of so many differing independent nations, bought by such blatant treachery, over so little time and with such obvious intention throughout?
The Euro project makes the Trojan Horse scheme appear the work of a masterful genius!
The present EU stance vis a vis the OECD is discused in a WSJ report here,
This report, comes it should be noted, on the back of Rehn's own nation's tricky constitutional situation on raised firewalls for the Euro, perhaps providing an insight into the use of the term "combined size"?
In theory the "firewall" will be a combination of the existing EFSF and the planned ESM. In reality it is the back-up financial guarantee to be provided by Germany in payment for its taking over the governance and control of the other Euro Group countries, and suspending their democracies and pretence of economic self-rule far into the long distant and indefinite future. Was ever an almost entire Continent, of so many differing independent nations, bought by such blatant treachery, over so little time and with such obvious intention throughout?
The Euro project makes the Trojan Horse scheme appear the work of a masterful genius!
The present EU stance vis a vis the OECD is discused in a WSJ report here,
Labels: Euro collapse
posted by Martin at 3:45 PM
1 Comments:
Don't know if you've seen this. The Greek government raided the bank accounts of a number of public institutions of 1.8bn euros with the connivance of the Bank of Greece to pay off some of the bondholders that were holding out for payment in full. As usual the tramslation isn't great. http://translate.google.com/translate?hl=en&sl=el&tl=en&u=http%3A%2F%2Fwww.ygeianews.gr%2Fsection%2Fugeia-politiki%2Fcontent%2Fexafanisan-ta-xrimata-ton-nosokomeion-gia-listeia-kanoun-logo-oi-giat
John Ward at The Slog gives an overview here:
http://hat4uk.wordpress.com/2012/03/26/exclusive-greek-government-robbed-public-institutions-to-complete-bond-swap/
Nothing is safe anymore. Savings, pensions, public funds of any type can just be stolen to order.
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