This is a video describing some of the changes that have to be done in Greece, or should have been done.
But... These were known way before 2010! And yet... Europe has pushed for a program that did not place these changes as number 1 priority, even before proceeding to any kind of debt switching or exchange. Europe, first asked for debt restructuring in 2011 and 2012 in the form of PSI (private sector involvement). This switching transferred all private debt to official sector with some minor losses for the investors, for which they were compensated in the near future. It relieved bankers/funds from their risks and obvious losses, on the expense of state budget. This is a major crime against all people of Europe. And a lie of historic proportions.
After this was done, Greece was in way worst condition than before. And this time, any conflict would place Greece against other countries and not against reckless private investors. So first they saved their banks with state money, consequently pushing Greece deeper in financial problems. And then... European and Intl' Institutions (troika as called) came back, this time as righteous judges, asking for what should be a prerequisite for any other action. They started lecturing about reforms and justice. I am afraid that justice does not go a la carte. The course of action was such that annihilated any chances of recovery for this country of almost 11.000.000 souls.
And this was not the first or the only crime of modern Europe. But I am afraid that payback time will be violent and we are going to see it in our lifetime.
What stroke me as completely outraging in this EU Parliament session is the open description of Russia as "the enemy" / "the bad". I am afraid that Europe is already building enemies. Ukraine is already the first victim in this scene. We pretend that it is irrelevant and does not concern us.
A new empire of fear and tension is being built. And as always half truths and hidden lies are the foundations. Reminds me so much of 1920s and 1930s history. I will not forget all you passionate guys with your half truths and hidden lies.
But... These were known way before 2010! And yet... Europe has pushed for a program that did not place these changes as number 1 priority, even before proceeding to any kind of debt switching or exchange. Europe, first asked for debt restructuring in 2011 and 2012 in the form of PSI (private sector involvement). This switching transferred all private debt to official sector with some minor losses for the investors, for which they were compensated in the near future. It relieved bankers/funds from their risks and obvious losses, on the expense of state budget. This is a major crime against all people of Europe. And a lie of historic proportions.
After this was done, Greece was in way worst condition than before. And this time, any conflict would place Greece against other countries and not against reckless private investors. So first they saved their banks with state money, consequently pushing Greece deeper in financial problems. And then... European and Intl' Institutions (troika as called) came back, this time as righteous judges, asking for what should be a prerequisite for any other action. They started lecturing about reforms and justice. I am afraid that justice does not go a la carte. The course of action was such that annihilated any chances of recovery for this country of almost 11.000.000 souls.
And this was not the first or the only crime of modern Europe. But I am afraid that payback time will be violent and we are going to see it in our lifetime.
What stroke me as completely outraging in this EU Parliament session is the open description of Russia as "the enemy" / "the bad". I am afraid that Europe is already building enemies. Ukraine is already the first victim in this scene. We pretend that it is irrelevant and does not concern us.
A new empire of fear and tension is being built. And as always half truths and hidden lies are the foundations. Reminds me so much of 1920s and 1930s history. I will not forget all you passionate guys with your half truths and hidden lies.