The crisis that has engulfed the eurozone shows no signs of abating and bolder measures are needed to restore market confidence, MEPs warned ahead of an EU summit 8-9 December in Brussels. They urged a more active role for the European Central Bank and the introduction of eurobonds during a debate Wednesday.
Basil Venitis points out Frankfurt Group is the shadow board of Eurozone. It consists of Merkozy, Barrompuy, Draghi, Lagarde, Juncker, and Rehn. Frankfurt Group is hiding the fact that Fourth Reich is in depression. Hoodwinking citizens is something Eurokleptocrats have learned from Graecokleptocrats. Europeans see that most of their kith and kin are without job and wonder what's going on. Que Sera Sera!
Venitis notes EFSF is due to expire, and is supposed to be replaced by the European Stability Mechanism (ESM) in mid-2013. But the ESM will have the same problem the EFSF does. Its finances depend on the very same countries that it is supposed to bail out. This isn't stability, but a Ponzi scheme! An ECB bazooka cannot restore competitiveness to PIGS.
Polish Secretary of State for European affairs Mikolaj Dowgielewicz , speaking for the Council, said structural reform and fiscal consolidation must be continued. Summit decisions should be guided by three principles, he said: more unity, more Europe in the form of strengthened economic governance and strengthened EU institutions, essentially a bigger role for the Commission.
Venitis points out Graecokleptocrats have created a misery archipelago. The Greek Ministry of Foreign Affairs is the most disgusting violator of the Lisbon Treaty. Greeks are fed up with all Graecokleptocrats. Switzerland is now a popular safe haven for Greek money. Greeks have deposited one trillion euros in Swiss banks. Helping Graecokleptocrats is taxpayers' hard-earned money blown out in the wind! Graecokleptocrats need a coup de grace now!
European Commission Vice-President Olli Rehn said the main priorities for 2012 are continued fiscal consolidation, a strengthened banking sector through recapitalisation and protecting the EU's financial stability. Commenting on changing the treaties, he explained that it wouldn't be a solution for the current crisis but could help the EU avoid future crises.
Venitis points out the major export of Greece is Greeks themselves, immigrating to Anglosphere and Germany, running away from kleptocracy, socialism, bureaucracy, heavy taxation, 23% VAT, cronyism, kangaroo justice, persecution of dissident bloggers, absurdity, Pasok mafia, Nea Democratia mafia, and Orthodox mafia.
Socialist group leader Martin Schulz agreed that treaty revision won't restore confidence, because the eurozone cannot wait two years for changes to take effect. European leaders must decide if they want eurobonds or not and whether the ECB should be a lender of last resort or not, he said. "With common debt management and pooling of debt we can win back confidence."
Venitis declares Greece is a kangaroo valley! There is no justice, and perjurers are a dime a dozen. Dissident bloggers are persecuted, and Graecokleptocrats enjoy impunity. Election to a public office means a license to receive kickbacks, provide sinecures to kith and kin, terrorize Greeks, and do as you please. http://venitism.blogspot.com
Speaking on behalf of the centre-right EPP Paulo Rangel said that eurobonds, as well as the restoration of trust in the ECB and IMF are key. He said measures should be taken at an EU level, but also said national deficits must be brought down and budgetary balance established.
Papademos cannot succeed without justice. Prevalent is his inability to rein in the Ministry of Foreign Affairs (MFA), which persecutes dissident bloggers, using the Cyber Crime Unit (CCU) as a political tool. MFA terrorizes the blogosphere with charge stacking. Kangaroo justice is the Achilles Heel of Papademos. If Greeks are not treated fairly, how could they support him?
Liberal group leader Guy Verhofstadt noted that the financial press is warning that the endgame is approaching, not because of the Greek, Italian or Spanish situation, he said, but because the two main countries - Germany and France - are incapable of dealing with the crisis. "It's time for a eurobond market and fiscal union," he said
Persecuting dissident bloggers, the Greek government violates Article 2 of the Lisbon Treaty, which states the European Union is founded on the values of respect for human dignity, freedom, democracy, equality, the rule of law, and respect for human rights. These values are common to the Member States in a society in which pluralism, non-discrimination, tolerance, and justice prevail.
Rebecca Harms for the Greens also called for the introduction of eurobonds because the measures introduced so far have not worked. Italy and Greece are in a death spiral, she said. The austerity measures in place make this inevitable.
The Greek government uses charge stacking to persecute dissident bloggers. Charge stacking is the ability to charge a large number of overlapping crimes for a single course of conduct. Combining crimes enables prosecutors to get convictions in cases where there is no misconduct at all. By stacking enough charges, including treason, Greek prosecutors jack up the threat value of a trial against a dissident blogger, even if the government's case is very weak. Charge stacking is terror. The Greek government cannot terrorize the Greek people.
Jan Zahradil for the ECR group warned that if eurozone countries really want to keep the euro, it may mean that they have to give up fiscal sovereignty. "Our group does not oppose the euro, it opposes the measures that are bad for it."
Venitis asserts the impunity of the 300 MPs of the Grand Brothel on Syntagma Square is the most freakish thing on Earth. Even though Graecokleptocrats looted many billion euros in kickbacks and churning, not a single Graecokleptocrat has ever gone to jail! Graecokleptocrats are protected by the parliamentary immunity, and nobody can touch them, no matter what. Moreover, they have the nerve to jail dissident bloggers. It's a long way from the 300 Spartans of Leonidas! Allons enfants de la Grece! http://venitism.blogspot.com
An increasing number of European countries are suffering because of the crisis and are experiencing the consequences of the financial market system, GUE/NGL group leader Lothar Bisky said, proposing the "rules of the game" are changed.
Venitis muses that Atlas shrugged in the Cradle of Kleptocracy. It's impossible for Greeks to produce when Graecokleptocrats loot them with heavy taxes, especially the 23% VAT, demand kickbacks, confiscate computers and personal files, impose stupid laws and regulations, harass dissident bloggers, condone cybercop brutality, and spread the cancer of socialism.
EFD leader Bastiaan Belder warned that measures by the ECB and the introduction of eurobonds will only provide a temporary solution if underlying problems like high debt levels and weak competitiveness are not addressed.
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