Big meaningless words trying to conceal the underlying panic. A brilliant article by Simon Jenkins in the Guardian outlines in plain language and clearly that all this misery and pain being inflicted on Europe (the southern states in particular) is like Nero playing his lyre while Rome burned.
The whole object of the exercise is to save the Euro in order to save the banks and not the Economies of Europe still less the people.
It is quite obvious that none of this will work the way the powers that be expect it to. As I have said repeatedly in this blog the Powers That Be are completely out of touch with the people of Europe, and unfortunately even with the economies of Europe. I have compared Mme Christine Lagarde in particular to a latter day Marie Antoinette. They neither know nor care what is going on with the people.
It has also become common knowledge that many a politician, Minister even Prime Minister has chosen (and still chooses) to implement catastrophic policies for his own country in order to ingratiate himself with those super national, unelected, unaccountable nonentities running the show, in order to get cushy jobs in the various international agencies.
For all the hot air and magnificent big words being spewed out, whatever it takes, at all costs, it seems to me that they are only doing whatever it takes to ruin the economies of Europe. The Greek Economy has already been pound into the ground and more punishment is to be inflicted, why? To help fix the Economy? No! Stupid! But to ingratiate ourselves to our lenders because that is what they want!
And where is the logic in that? Once you have completely ruined your economy, how, pray will you ever be able to pay back your lenders? The other argument is, oh we have to slam on these excruciating austerity measures over and above those we have already put into effect “to regain our credibility”. Oh really? And where is the credibility of what is called Europe but is only a euphemism for the new German Reich?
At least last time around we did put up a hell of a fight!