Germany Demands More Control Over Greece

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PostFri Oct 26, 2012 9:46 pm » by *WillEase*


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As Greece’s finances are being torn apart Germany is moving in to tighten control.
(Mlenny/iStockphoto)


Germany will allow Greece the extra time it wants to pay off its debt,
http://blogs.ft.com/brusselsblog/2012/1 ... z2AR5PYxPV
in exchange for more control over Greece spending, according to a paper leaked to the Financial Times.
http://blogs.r.ftdata.co.uk/brusselsblo ... rnance.pdf

Greece’s creditors are agreeing to give the nation an extra two years to pay off its debts, according to several media reports. The extension will cost €16 to €18 billion. But the German proposal would subjugate Greece to tough conditions in return.
http://www.spiegel.de/international/eur ... 63110.html

Germany wants to beef up the Task Force for Greece, a group of experts led by Horst Reichenbach tasked with overhauling Greece’s government to make it run more efficiently. The proposal calls for “more intense, compulsory employment of external technical assistance.” The “compulsory” assistance would help improve tax collection, reduce corruption and improve the collection of statics, among other things.

The proposal also demands that if Greece deviates from the bailout plan, the government must implement automatic spending cuts. This part of what the Financial Times calls the “much tighter controls over Greece’s own tax and spending policies.”

Also, under Germany’s plan, the bailout money would go straight into a trust account managed by an international body such as the European Central Bank. This essentially strips Greece of budgetary control over its own funding, according to the FT.

Once Greece’s government is making money again (before interest payments), Germany wants some of that money to go into that trust account.

Greece resents this interference in its sovereignty. “We are not a protectorate,” said former Greece finance minister and head of the pasok party Evangelos Venizelos, as he rejected other demands from Greece’s creditors.
http://www.ekathimerini.com/4dcgi/_w_ar ... 012_467074
These included demands for Greece to enforce a six-day week, essentially enforcing Sunday worship on the population.
https://www.thetrumpet.com/article/9828 ... -in-greece

But if Greece wants relief from the tough bailout terms, it may have to submit to these conditions. If it does, will that prove that it is, in fact, a protectorate of the EU, and Germany?
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PostFri Oct 26, 2012 11:46 pm » by Mydogma


I think bernake should just print a trillion more in monopoly money and by germany out..and buyspain and greece..cash..an give it to the american taxpayer as a gift
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PostFri Oct 26, 2012 11:49 pm » by Mydogma


Oh silly me..I forgot the fed reseve doesn't work for thee american people..they would just be buying it for themselves those greedy bastards..ahh screw it let germany have it..at least they have some gold to back it..
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PostFri Oct 26, 2012 11:51 pm » by Germanpils


imho germany has become the american control center over europe.
officially the cold war is over, inofficially it has just moved on another level.

they downgrade the euro to make the dollar look good to make money to get out of the
american debts, since "with the dollar alive, theres no inflation", as they keep printing that green...

its that easy when you know it...
You know, you don't see with your eyes,
you see with your brain and the more
words your brain has, the more things you can see.
(KRS-ONE)

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PostFri Oct 26, 2012 11:55 pm » by Mydogma


Oh..wait..I am just daft today..what is gold again..is it the painted bars that look yellow or is this the real thing..what type of gold does germany have..is it all real..how many cans of beans can I buy for an ounce cof gold..a couple thousand cans?....I think I'd rather have the beans if the bottom falls out on their fairytal financial system...
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PostFri Oct 26, 2012 11:59 pm » by Mydogma


Turn a profit..invest in beans..it will give us free gas!
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PostSat Oct 27, 2012 12:49 am » by Temps13


I met four greek people..is it a coincidence they are all lowlifes?
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PostSat Oct 27, 2012 12:56 am » by Mydogma


Temps13 wrote:I met four greek people..is it a coincidence they are all lowlifes?

Well all I can say as I have met about four in my lifetime that I know enough to pass judgement..and they all appeared to be good intentioned peoples..but puting that against the three you have met puts it a hung jury I suppose..altho not enough units to draw anysort of statistic I suppose..I've met a few hundred canadians that suck eggs..but thousands more that seem to want well for others..
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