Thursday, October 25, 2012

Are Greece, Ireland and Portugal prepared to default to the EFSF?

The posting beneath this links to the "Lenihan Letter" which supposedly legitimises "RULE BY TROIKA" in Ireland. It appears to have been constructed on some very shifting sands.

One presumes that as ever amounts advanced by the IMF are secured, but can the same be said for sums advanced and due to the EFSF and the ECB. Can even money advanced by the EFSM, to which the UK is party, also really be considered as being of any worth, if not what percentage still is?

Should the three countries now barely surviving under the boot of the Troika decide that the game is no longer worth the candle, which given the comment below is quite clearly the case for Ireland, the EFSF commitments will then become due from the Sovereign State Guarantors.

Such a default would be particularly nasty timing for France, which has just pledged billions for Peugeot to continue making cars few wish to purchase!

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Sunday, October 21, 2012

Questions for Merkel, Schauble and all Germans

Following the decisions on legacy debt, insisted upon by Germany at last week's European Council Meeting of the EU's 27 Member States in Brussels:

What are the debts today of Greece, Ireland and Portugal as compared to those debts at the point of their entry into the Troika lending programmes?
 

I will wager that for each country they are today greater by a considerable amount than they were when each country entered their programmes, therefore:

What has been the point of all the unemployment, poverty, hunger and mass emigration the Troika imposed austerity has brought?  


Therefore thirdly and lastly:


Why has Germany again decided to crush and subjugate the entirety of Europe as the answers to the first two questions must lead one to conclude is their plan.

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Monday, October 08, 2012

ESM Board to launch this vehicle for oppression today

As German Chancellor Merkel, travels to Athens today, to witness first hand the  squalor, human misery and destruction wrought by her policies over the past several years, the ESM, another tool for Germen domination of the European Continent will be inaugaurated in Luxembourg, in accordance with her desires and instructions, as reported here by RTE the Irish Broadcaster, whose ex-country is already entirely controlled by Germany through the same agency at work in Greece, known by the already everywhere reviled tag of "the Troika".

Those who actually control Merkel and the German Constitutional Court, which also appears to have now become their puppet, remain unkown and as yet still hidden from view.

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Thursday, September 20, 2012

20 years today since France and the EU Commission condemned Europe to continuing crisis.

Twenty years ago today the French electorate split almost exactly down the middle on whether they would approve European monetary union without much European Community poltical union along the lines as set out by the Maastricht Treaty. The so-called "petitoui"

The leaders of France, backed by the Commission of Jacques Delors in Brussels, faced with this split chose to believe it legitimized their subsequent decisions to continue with EMU, their successors in the EU, wider Europe and the western world are now reaping the dire economic consequences.

The political heirs  to their  power-driven decision remain in power to this day, still denying the impossibility that monetary union requires political union which the people of Europe do not want and will ever reject. The immediate successors and original plotters are as follows - for German Chancellor Kohl - Chancellor Merkel, for President Mitterand - President François Hollande and for then Commission President Jacques Delors his daughter, Martine Aubry, who fittingly leads the French Socialist Party since 2008.

These mainly French plotters were aided by Dominique Strauss Kahn, then Industry Secretary who secured extra votes in the French overseas territories. He had already then given up on the concept of a nation state, as quoted on page 41 of one of the links given earlier this week, repeated here.

DSK would today have almost certainly been President of France today, had he had the intellect and self-will to curb his baser instincts as is now well known worldwide. Damage enough has already been done by DSK, however from his earlier having run the IMF, designed to aid only its nation state membership, but re-directed by DSK in a futile attempt to rescue the Euro currency, the obscene end result of these decades of deceit. That task at the IMF today continues under the direction of Mme Christine Lagarde.

Other national leaders were of course involved in what followed. The role of Britain is particulalrly shameful with useful idiots PM John Major and Foreign Secretary Douglas Hurd, both being hindered by dullness of thought, the latter no doubt partly ascribable to his Eton background. Francis Maude who signed the Treaty survives in Downing Street to this day as I pointed out yesterday.

The French vote followed a similar split in Denmark where the vote had come down against the Treaty. Another vote in Ireland the previous June had given a 69% vote in favour but there were serious doubts over unequal funding for the 'Yes' side, contingent EU funding and other factors also tending to cloud any judgements that may be formed formed from the result. (These questions can be seen from earlier links from this blog this week and various questions and debates in the Dail, such as this). Denmark, of course, in what has now become standard procedure, was required to vote again on a slightly modified version of the same democracy destroying document of oppression.

More facts will be revealed as the years pass and other factors that caused these men to act in the venal way they then chose, leading so far to two decades of constant further lies deceptions and distortions. One thought I may be able to add that later commentators might miss is the co-incidence of birth places between Jean Monnet (a father to the EU) in Cognac and François Mitterand just up the Charente River in Jarnac sometime later; the implications from the strange organisation and arrangements of the Cognac Brandy industry (largely due to an earlier member of the Monnet clan), the history of tax exemptions and royal privileges extanding back to François I, also of Cognac, all seem to have echoes in the peculiar and downright rotten and corrupt running of what has become (and we trust will soon cease to be) the European Union.

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Monday, July 16, 2012

What must Britain do about the EU? That is the question!

John Bruton a former taoiseach of Ireland, has an article discussing the chaos within the EU, (although naturally he does not describe it as such,) in the Irish Times,  this morning, linked here. The final bullet point he mentions as needing resolution is the following:

* And what to do about Britain, which wants nothing to do with the euro or a banking union, but still wants access to financial markets on the same terms as everyone else.

Had Britain any politicians of ability or principle they would perceive the insult that such a statement contains, especially as the immediately following sentence is this:

"These are difficult political issues and will need to be resolved in a way that is both theoretically sound, and politically balanced between all the 27 countries in the EU. Patience will be required."

Ireland is a defeated conquered and thereby now non-existent nation, entirely governed by the whim of an international group known as the Troika.

Ireland is bankrupt and its youth are fleeing overseas in droves, mostly to countries outside the reach or control of the evil EU, particulalrly Australia, in an exodus not seen since the potato blight.

Yet I suspect David Cameron, Nick Clegg and Ed Miliband will see nothing strange about that statement by a former Irish Prime Minister, they too wish to secure their own personal futures with a sinecure within the EU during the decades of depression that now lie ahead for us all, entirely due to such misplaced romanticism disguising ambition, pride and selfishness - Heavens help us all!

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Thursday, April 26, 2012

Governance by Troika

Ireland reaches the halfway stage of its supposed limited period of direct rule by foreigners today, with no signs that any real steps have been taken to heal its economy or repay its debts. Yet the figurative jackboot over Ireland's fate is grinding ever further into the flesh and fabric of the country. The following is the final paragraph of the report on this anniversary by Irish broadcaster RTE, linked here:

Other aspects of the troika talks have concentrated on reforming social welfare and so called labour activation measures for the unemployed, the introduction of water meters and charges, and the sale of some state assets.

Britons would be seriously misguided if they believe they can continue within the EU with a man of the dreadfully weak character and lack of substance such as Cameron in Downing Street and not eventually suffer exactly the same fate - indeed are not compulsory water meters already been placed on the agenda?

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Wednesday, March 14, 2012

Olli Rehn slammed in the Irish Parliament for his "lecture".



Olli Rehn, a name destined to be best remembered, for a long succession of fine messes! Play his "Ironies Too" dedicated tune as he is criticised in this debate!

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Saturday, March 10, 2012

Ireland faces up to English Law being necessary for future bonds.

One effect of the Greek default is already being taken on board across the Irish Sea, as may be noted in the final paragraph of this item from the Irish Times, linked here:
Another likely consequence of the Greek fiasco for Ireland relates to the legal jurisdiction under which the State will issue debt in the future. As part of Greece’s restructuring, the new bonds issued to its loss-suffering creditors are ruled by English law, not Greek law. That is good for investors, as it protects them from an act of the Greek parliament designed to unilaterally reduce their claims in the future. But it is bad for Greece because it limits its freedom of action. Most outstanding Irish Government debt is issued under Irish law. Given all that has happened, it seems unlikely in the future that foreign investors will be willing to expose themselves to Irish Government debt, the terms of which are subject to change by an act of the Oireachtas. When the Government eventually returns to the bond market, the bonds its offers may well be subject to English law.

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Friday, March 09, 2012

ECB's determination to crush Ireland over Anglo Irish shows its own shakiness!

The ECB is a structure of no substance, all it does is shield the activities of the German State, the sole EU entity with the funds and will to make any difference in the EU it has shaped.

A report in the Irish Times this morning, detailing the extra austerity expected of the Irish, to make good on the former Irish Government's suicidal pledge for its taxpayers to honour the debts of Anglo Irish and other similar rogue organisations owing money to German banks.

The new government was obligated to honour this pledge before gaining power, only when it refuses so to do, will Ireland see any light at the end of its nightmare of generations of indebted citizens still to be born. At least some of the prospective parents, now of an age to vote, will have their say before being forced to emigrate, in order for their children to be born debt free, as has happened so often in the past.

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Wednesday, February 29, 2012

Bloomberg reveals leaked German papers demanding more austerity for Ireland.

The Bloomberg report is linked from here. A quote showing that it is Irish assets that the EU pillagers are really after:

The commission said that an initial asset-sales plan provided by the government in December hadn’t been sufficiently ambitious and had been revised. The government said earlier this month it will seek to raise as much as 3 billion euros from selling assets.

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Friday, February 10, 2012

Poverty à l'EU - Ireland's vehicle registrations 1981 - 2011

Friday, February 03, 2012

Ireland cuts growth forecasts but says it will meet debt targets!

Growth this year in Ireland will fall to minus 0.7 % reports the Irish Times,but madian forecasts will nevertheless be met. Read it here if you don't believe me!

Britain's Chancellor of the Exchequer, George Osborne, has lent substantial  bankrupt British taxpayer's funds, over and above those due through the IMF and the EU arrangements, so he must presumably have faith in these people to apparently achieve the impossible - losing growth but maintaining deficit reductions, it looks like a trick he will soon urgently need to acquire.

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Monday, January 30, 2012

German control of Greece to be extended to Ireland and Portugal

The German proposal to take control of the policies of the once sovereign country of Greece is also to be applied to Ireland and Portugal as confirmed in this report in the Irish Times this morning.

So the mainland bombings, Northern Ireland unrest, and years of disputation borne by Britain in the cause of Irish independence has all been thrown away for the sake of a decade long spending splurge in the Irish Republic, now brought to an abrupt halt by a cunning and devious Continental conspiracy..

Britain has loaned money to Ireland in this recent crisis and in view of our shared history and heritage, not to mention security considerations, should thus be reluctant to see Ireland fall under total German control.

David Cameron's trip to Brussels for another pointless summit would be best cancelled in favour of an early meeting with the Irish Taoiseach, Enda Kenny to see if there is any help Britain can provide at this moment of great peril for our close island neighbour!

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Tuesday, January 03, 2012

Ireland's ruling tyrannical troika order massive new taxes and cuts.

The Irish Times reveals the latest proposals from its German led rulers ostensibly representing the EU, IMF and ECB in a detailed report in this morning's newspaper linked here.

Among the detail provided, the already long-suffering Irish citizens still struggling to remain in the country will now face: a value-based property tax (to replace the €100 household charge); a further rise in carbon tax; hikes in vehicle and motor taxes as part of a reform to revert from emissions-based charges; further changes in PRSI; reducing the tax-related cost of private pension provision; and increased excises for alcohol and tobacco.

In 2013 there will be no relief, as a total of €3.5 billion in savings are planned; €1.25 billion in new taxes and €2.25 billion in cuts.

Who cheered when the Euro coins and notes arrived in Ireland ten years ago, only the bankers can be left with any smiles today in the emerald isle!

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Tuesday, December 27, 2011

The importance of Ireland!

The Queen made much of the importance of the changed relations between Britain and Ireland in her Christmas message to the Commonwealth. This will be further emphasised by the Prime Minister in an interview with the Irish State broadcaster RTE today. Just how important can be gleaned from the article linked here from the Irish Times today. It is titled "Schäuble adamant about EU tax on financial transactions"

In the coming battle for our countries to regain their democracy and autonomy, we will need to stand as equal partners with Ireland one inside the construct planned to be formed by the proposed fiscal compact, and the other without!

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Friday, December 16, 2011

Ireland - PIIGS Pin-Up suffered 1.9% growth fall in 3rd Quarter

The bandits of the EU have liked to point to Ireland as an example of the success of their colonisation capmpaigns disguised as Bail Outs. They will struggle to continue to do so after these growth figures from Ireland, read here.

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Friday, October 07, 2011

March of anti-EU parties - Sinn Féin rises to 2nd place in Ireland

The report on latest polling in Ireland is linked here. The following is a quote:

When people were asked who they would vote for if a general election were to be held tomorrow, the figures for party support – when undecided voters are excluded – compared with the last Irish Times poll on July 20th were: Fine Gael, 35 per cent (down three points); Labour, 17 per cent (down one point); Fianna Fáil, 16 per cent (down two points); Sinn Féin, 18 per cent (up eight points); Green Party, 2 per cent (no change); and Independents/Others, 12 per cent (down two points).

Eight point rise for the only party in Ireland opposed to the growing tyranny that is the EU? Could it be co-incidence. Watch Finland!

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Sunday, August 14, 2011

The solidarity of English speakers!

The Irish Times carries an inspiring story this morning, linked here, of New Zealand seeking skilled Irish labour for recontruction work following the Christchurch earthquakes.

We, as a group of  islands, can never look to the Continent of Europe for help, nor  consideration, nor even co-operation, as those with whom they share land borders, must, quite correctly, come first.

If only our politicians could grasp this imperative of nature!



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Saturday, July 23, 2011

How much has Britain committed to Ireland? €9.9 Billion?

Here is a table (link to source) showing how the initial Irish Bailout was made up:

Source of Financing Amount
Irish Resources from the National Pension Reserve Fund 17.5 bn €
IMF 22.5 bn €
EFSM 22.5 bn €
EFSF 17.7 bn €
Bilateral Loan UK 3.8 bn €
Bilateral Loan Sweden 0.6 bn €
Bilateral Loan Denmark 0.4 bn €
Total 85.0 bn €

Given that as a rule of thumb Britain contributes approximately 4% to IMF expenditures, and that Britain's share of the total  €60 billion EFSM is expected to cost Britain a mere €7.5 billion, read here, (or €5.5 billion here), then we can deduce the following for Ireland from the UK:

Bilateral Loan € 3.8 billion ( Interest rate reduced by about 2% yesterday).

IMF                 €0.9 Billion

EFSM             €2.8 Billion (or €2.1 billion on the lower 5.5 billion EFSM cost)

RBS to BoI     €1.7 Billion  (Assuming taxpayer losses of only 58% of the €2.9 paid)

Grand Total    €9.2 Billion

Quite a price for Britain's taxpayers!

N.B. Update 24/7/11 7:00 am. -The assumption that taxpayers own 58% of RBS was based on out of date information. It is apparently 83%, see here, the taxpayer share of the €2.9 billion advanced to the Bank of Ireland by RBS, to prevent nationalisation by Ireland, is an actual further charge of €2.4 billion, leaving the true total to €9.9 billion.  That is about £8.8 billion of British taxpayer liability all agreed without benefit of being either budgeted by, or voted for, in our Parliament.

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Wednesday, July 13, 2011

Irish Bonds cut to Junk

The EU collapse continues at an ever greater pace. The article that is the lead story in the Irish Times this morning is linked here. The following is a brief quote:

The resulting downgrade is expected to lead to a sell-off in Irish bonds when markets open today as many lenders will only hold bonds considered to be investment grade by privately owned rating agencies such as Moody’s.
A significant sell-off in Irish bonds will fuel the already growing anxiety that the debt crisis is spiralling out of control and spreading into major European economies.
Italian and Spanish borrowing costs hit their highest level for 14 years yesterday as euro zone leaders made plans for an emergency summit on Friday to resolve the ongoing Greek crisis, which is seen as the weakest link in the euro chain.

Further reading on Soros on the EU in the FT and the illusion of the EU dream is on Covering Delta, linked here.

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