Most Germans demand Greece to be expelled from eurozone!Merkel declares
Germany will emerge stronger from the sovereign debt turmoil.Greeks apparently
believe that they have Europe and the world over a barrel, that they can make
the rest of the world pay their bills by threatening full default.The Cradle
of Kleptocracy's full bankruptcy would be painful for everyone, but for the
world, the alternative would be even worse.http://venitism.blogspot.com
If politicians in PIGS and elsewhere think that their bills will be picked up by
taxpayers in other countries, they won't control their spending and they won't
sell off a*sets to pay off these debts.Northern Fourthreichians have the strong
suspicion that some of their hard work is going down the drain with the hundreds
of billions that are currently disappearing into aid packages and bailout funds
for PIGS, lived well at the expense of others, and that those who were more
careful with their money are now expected to swallow the poison that is making
its way northward.
Countries such as the Cradle of Kleptocracy have to be convinced that they will
bear a real cost if they don't fix their financial houses while they still have
the a*sets to cover their debts.The real problem is the incentives we are
giving to other countries.We have to make sure that kicking the can down the
road isn't an option.
Merkel warns countries, such as Greece, that don't do their homework on reducing
debt cannot count on support from the eurozone.The October-18 Mafia's spending
is over last year's bloated levels, the deficit is bigger than ever, and it has
utterly failed to meet the promised sell-off of government a*sets.Not a single
public bureaucrat has been laid off so far.http://venitism.blogspot.com
The Cradle of Kleptocracy can pay its debt by selling off shares the government
owns in publicly traded companies and much of its real estate holdings.The
October-18 Mafia owns stock in casinos, hotels, resorts, railways, docks, as
well as utilities providing electricity and water.But Greek unions fiercely
oppose even partial privatizations.Blackouts are promised to dissuade the
government from selling of even 17 percent of its stake in the Public Power
Corporation.
Merkel acknowledges voter concern about the impact of the crisis on the euro.
The Fourth Reich bailout of the Cradle of Kleptocracy cannot succeed, because
the October-18 Mafia continues corruption, Kangaroo Justice, marilizardism,
Marilizard Libel, Marilizard Spaghetti, and Marilizard Towers.
October-18 Mafia is the most disgusting predator of internet on Earth!Civil
society was shocked by the brutality and stupidity of October-18 fiasco,
initiated by the Ministry of Foreign Affairs of the government of Greece.That's
why October-18 Mafia is the new name of the government of Greece!
http://venitism.blogspot.com
It's been now two years after the debt crisis erupted in Greece, when George
Papandreou became premier of Greece.Merkel now seeks to allay coalition and
voter concerns over the impact on Germany.Berlin holds a city vote next month,
and Merkel turns her anticrisis strategy into a campaign theme.
Merkel notes that some stupid people tout eurobonds as being the solution to the
crisis, but putting the debt all in one pot, while allowing others to live
beyond their means and expect a bailout is against all common sense.
Merkel reinforces her opposition to joint Eurobonds, declaring that a
communistic collectivization of debt would leave the bloc's members worse off.
This is communism, pure and simple!Germany, Europe's largest economy, would
face extra costs of a hundred billion euros a year through the alignment of
interest rates with nations that pay more to borrow.Eurobonds lead us to a debt
union, not to a stability union.
Marilizardism is the death cross of Greek treasury bonds.Merkel points out that
if the debt all goes into the one pot, then you have difficulty figuring out
where it all comes from.Spreading risk through eurozone would place Germany on
a slippery slope where in the best case it would be on par with the European
average, or, we all get worse together.Instead, a European framework needs to
be developed in which a regulating body must have a right to intervene in order
to bring fiscal discipline to failing budgets.
Eurobonds violate the Maastricht Treaty, which stipulates that no country can be
held liable for another country in Fourth Reich (EU).Eurobonds would even
elevate liability to the level of a principle and force Germany to vouch for the
debts of other countries whose fiscal behavior they cannot control. Germans
would not tolerate the tax increases and reductions in transfer payments that
this would necessitate.
Marilizardism has created a liquidity black h*le for all Greek investments.
Eurobonds would not be as safe as German government bonds.And since they would
stimulate even heavier borrowing, they would have to yield higher rates.In the
wake of the current bailout measures, the German government burdens taxpayers
with risks worth one trillion euros.Likewise, over the last year, risk premiums
for German government bonds have doubled.There simply isn't any more room for
maneuver.
Eurobonds would require an amendment to the Lisbon Treaty.Experience has shown
that such measures take a long time.The German Finance Ministry estimates that
it would require at least two years.Experts in the Foreign Ministry have come
to a similar conclusion.They expect many years of negotiations.
To make matters worse, they say that it remains uncertain whether the member
states would ratify the treaty.This has prompted the Foreign Ministry to
examine the extent to which the budgetary and fiscal policies of the euro-zone
countries could be more closely aligned without changing the Lisbon Treaty.
Their conclusion is that it would not be possible to bring them close enough
together so that the bonds could be introduced.
Eurobonds are on a collision course with the German constitution.According to
a ruling on the Lisbon Treaty issued by the German Constitutional Court, the
Bundestag may not transfer even some of its budget-related competencies to a
European institution.The only way out would be for the German population to
adopt a new constitution.Article 146 of the German constitution expressly
provides for such a possibility.We cannott imagine how prudent Germans could
vote for such a suicidal referendum!
Don't be fooled by any bounce of the marilizardist dead cat. Merkel's partners
hold separate meetings this week to discuss their responses to the eurozone debt
crisis.Merkel's Cabinet will meet in Berlin tomorrow to back a reworked
European Financial Stability Facility and a second aid package for Greece.
Never catch a falling marilizardist knife.Merkel seeks to defuse a coalition
revolt over bailouts.She hoodwinks that she understand libertarians'
frustration as they prepare to debate the changes to Europe's rescue fund and
more aid for Greece.
In a letter to Schaeuble, Norbert Barthle, the budget spokesman for Merkel's
party, and his counterpart from the CDU's Free Democratic Party coalition
partner, Otto Fricke, urge the government to substantially improve consultations
with parliament over any planned changes to the EFSF and aid to Greece.
Talks in Europe have been complicated by Finland's demand to secure collateral
from Greece in return for its share of the bailout.There is also uncertainty
over private lenders' willingness to accept partial losses on their existing
loans to Athens.Banks cannot participate voluntarily in illegal acts, such as
fiduciary imprudency.Bank directors are committed to bank's welfare, and not
the public interest.
If bankers waive outstanding debts at the expense of the bank, this is a breach
of trust and punishable by law.All those bankers, that IIF claims plan to
participate in rollovers, might go to jail for violating the fiduciary duty of
prudency!October-18 Mafia pressures the banks to participate, but it really
opens Pandora's box.
Trichet notes that while a special arrangement for Greece has been launched, the
inflexible determination of all other eurozone governments to fully honor their
own individual sovereign signature is key in returning to sustainable and
healthy public finances and contribute to stable market conditions.
There is anxiety that member states have not yet ratified the agreement.The
German parliament will vote on the package in late September. Nany MPs oppose
Greek aid, because Greece uses marilizardist tools to manipulate netizens.
Marilizard Libel is accusing dissident bloggers of treason, Marilizard
Spaghetti is hurling charges against innocent people, Marilizard Tower is a
stack of imaginary charges to scare a blogger, and marilizardism is terrorizing
dissident bloggers.October 18 is the international day against marilizardism,
and October-18 Mafia is the marilizardist government of Greece.
http://venitism.blogspot.com
Global Tax Revolt points out the marilizardist persecution of dissident bloggers
is unquestionably a serious attack on freedom of speech, and contrary to Article
2 of Lisbon Treaty, Article 10 of the European Convention of Human Rights, and
Article 19 of the International Covenant on Civil and Political Rights.The
disgusting October-18 Mafia cannot bully the blogosphere without repercussions
and blowbacks.The international civil society got a shock and awe from the
brutality of the freakish October-18 Mafia on October 18, 2010.
Global Tax Revolt was the first organization that reported the October-18 2010
fiasco to all banks, hedge funds, big investors, traders, and analysts.As a
result, the yields of Greek treasury bonds skyrocketted, as no prudent investor
was willing to touch them.Marilizard's stupidity cost October-18 Mafia many
billions of euros!The only thing October-18 Mafia got out of this fiasco is
toilet paper in the form of worthless Greek treasury bonds!CCU jail needs
toilet paper anyhow!http://venitism.blogspot.com
Health Solutions - Stress Relief