Alastair Campbell’s Blog: The Master Spin Doctor has a go at the Germans, AC states the following on the Germans and the Euro crisis, “ ..turned a fair few blind eyes to the economic realities of smaller countries when they let them in. ”. In other words it’s the fault of the Germans, thus it can be argued that they should agree to a two trillion stability fund and the bailout of Greece, while there at it they should underwrite ALL the debts of the EU Countries. That would be a simple answer to a complex answer problem folks, just one minor thing folks, its called Democracy, the German Supreme Court has made it clear that the German Government cant agree to underwrite the rest of the EU, its against their Basic Law. Also this blog has its doubts that the German Coalition Government could get such a Bill through its Parliament. The Greeks are heading for the toilet folks, in an article in the Daily Telegraph it was reported that the IMF has refused to do another Greek bailout because they don’t work folks, Greece is a open sewer, good clean money just goes down the toilet. In basic health terms, Greece is a cancer on the Euro, it has to be cut out, removed then the patient might just get through, and that’s 50/50. The EU needs time to secure EU banks against a Greek default, once the banks are secured Greece will be thrown to the wolves, it has to be folks, otherwise it will kill the body politic, time for the EU to be ruthless folks, don’t accept any more Trojan horses from the Greeks.
Sunday, October 23, 2011
Campbell vs. Germans
Alastair Campbell’s Blog: The Master Spin Doctor has a go at the Germans, AC states the following on the Germans and the Euro crisis, “ ..turned a fair few blind eyes to the economic realities of smaller countries when they let them in. ”. In other words it’s the fault of the Germans, thus it can be argued that they should agree to a two trillion stability fund and the bailout of Greece, while there at it they should underwrite ALL the debts of the EU Countries. That would be a simple answer to a complex answer problem folks, just one minor thing folks, its called Democracy, the German Supreme Court has made it clear that the German Government cant agree to underwrite the rest of the EU, its against their Basic Law. Also this blog has its doubts that the German Coalition Government could get such a Bill through its Parliament. The Greeks are heading for the toilet folks, in an article in the Daily Telegraph it was reported that the IMF has refused to do another Greek bailout because they don’t work folks, Greece is a open sewer, good clean money just goes down the toilet. In basic health terms, Greece is a cancer on the Euro, it has to be cut out, removed then the patient might just get through, and that’s 50/50. The EU needs time to secure EU banks against a Greek default, once the banks are secured Greece will be thrown to the wolves, it has to be folks, otherwise it will kill the body politic, time for the EU to be ruthless folks, don’t accept any more Trojan horses from the Greeks.
The Chicago Foreign Policy vs. US National Security
The Hill: Reports that Republican Senator Lindsey Graham has accused the Oval of allowing the Chicago Re-Elect Committee to run US Foreign Policy and not to the national security benefit of the US. This is a serious charge folks, but it happens to be true, the Oval is scared that it will be a one term Presidency, it needs the liberal left wing base, thus the withdrawal out of Iraq and the removal of troops form Afghanistan at the height of the Summer War fighting season. The removal of all US troops from Iraq will allow Iran to make Iraq its puppet or worse, it could invade Iraq close to 2012 election, this would show how shallow the Obama Administration is, also the Taliban/Al Qaeda could mount further Tet style offensives before the November election. This short term tactical moves by the Oval could come back to haunt the Obama Campaign, in many respects Obama is turning in to LBJ, hubris before a fall folks.
Two Speed Europe - Eurozone Crisis
Telegraph: Reports on a new Euro plan for the Euro Countries to have one Treasury, one tax and spend budget for the Euro Countries. This is a two speed Europe folks, and would require a new Treaty, there is no way that Coalition PM David Cameron could not allow the UK to have a Treaty vote. Does open the chance to blackmail the rest of the EU, if they want a two speed Europe, we want all UK regulations to have a final UK Parliament vote, it would be a VETO all rules out of EU for the UK. The EU might not like it, so what, the rest of the UK would love it, the Liberal Democrats would have no choice but to agree, win for the Conservative Party and the UK.
EU Talks - Eurozone Crisis
BBC News: Reports that Coalition PM David Cameron has joined other EU leaders to discuss the Eurozone Crisis. Thus far a deal on the banking bailout, this will not include the UK. Thus folks here we are again, the MASTER PLAN has been out there for weeks, a banking bailout of between 1-3 billion, a trillion stability fund and a managed default of Greece. Let see the check list, 1. Banks Yes, 2. Stability Fund NO, 3. Greek Default, Yes/No, Yes everyone with a brain cell sees that Greece has to default, but France does not want to see a 50% to 60% write off of Geek debts, this would hit French banks hard and what ever the French Government states it would need a Euro bailout to help, there is a Presidential Election in France in 2012, a France going cap in hand to the Germans would not go down well with the French electorate. Thus Greece just might find that it is sold down the river, the sacrifice needed to get a deal, in other words Greece will have to have more austerity just to keep the French President in power, that is the cost folks of real politic.
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