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Robbing Peter to pay Paul

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Oli C
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PostSubject: Robbing Peter to pay Paul Sat Jun 16, 2012 4:51 am

Robbing Peter to pay Paul

We've all been guilty of it. It's one of those harsh lessons in life that everyone seems to need to learn at some point. You never clear debt by creating more. Little wonder then that the Spanish finance minister led calls for Spain to reject the latest Eurozone bailout package citing that forcing Spain to take on even more debt makes no long term sense.

So why are countries like Spain and Greece being forced by Brussels to accept these further loans which are then used to pay back the original one?

It does seem odd that Brussels, the centre of the Eurozone economy, is committing the most gross acts of irresponsible lending, any economist anywhere, has ever seen.

Europe is clearly never going to prosper under the Euro. It's a doomed currency. One must ask themselves therefore potential reasons Brussels could have for persisting with it.

Perhaps the final hand was revealed when Angela Merkel demanded that any further bailout for Greece must come with the condition that the involvement of the International Monetary Fund was the price of further help for Athens. It would seem Greece have no option now other than to accept what is essentially a submission to a new and emerging German Empire. Spain it would seem are soon to follow and then who after that? Italy?

When people talk of the possibility of World War III they imagine a conflict similar to the previous two with machine guns and tanks. But this is the 21st century and we are far more dignified than that.

This war is being fought with ballpoint pens and pieces of paper. Most frightening of all is that it may be too late to avert this new German led European superstate. Merkel has played her hand like the most expert of poker players.

Is it going to be third time lucky for Germany and the question of Europe?
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Storm
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PostSubject: Re: Robbing Peter to pay Paul Wed Jun 20, 2012 5:44 am

Yeah! The United States of Germany, is Merkel the spawn of Hitler? Millions died in WW11 fighting off the german Hitler mentality, now it seems they have been handed all of Europe on a freakin plate! But the Brits will sit on their arses, watch mindless TV or get pissed dahn the pub, only when it is too late will they realize how brainwashed they were........too late maties! you are fucked!


Great Blog Oliver, you seem to have a handle on what is really going on.

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