LIFE UNDER RULE OF THE TROIKA


This is how it is when you wake up one day to find that your country is being ruled by some mob operating from a foreign land where, in this case, the mob is a cohort of bureaucrats and bankers, being the European Commission, the European Central Bank and the International Monetary Fund, aka ‘The Troika’ (how Orwellian is that?) …

This is the reality of the European Union.  This isn’t made up.  This isn’t scaremongering.  This isn’t a mistake.  This is how it is in a member country of a Union that we’re told brings “peace, prosperity and freedom” to its citizens (to be believed, of course, when you consider that the European Union spends some 3 billion euros per year on propaganda communication).

… and another lady speaking here, thanks to Faisal Islam of Channel 4 News:

Listening to these two ladies, I’m reminded of an earlier post  (http://tinyurl.com/bw8hv4w) in which I looked at the ‘Eurozone – Key Indicators to Watch’ … and made the point that one of the keys to the disintegration or survival of the European Union is held by Europe’s youth.

One comment

  1. John Mauldin has a lot to say on this stuff, and he’s much better educated about it than I am:
    http://www.mauldineconomics.com/frontlinethoughts/you-cant-be-serious

    Excerpt, talking about EU technocrat who let the cat out of the bag about what is in store for the rest of the EU after Cyprus:


    [Now this is the key paragraph and takeaway. Read twice. – John]

    Essentially, why will anyone keep more than E100k in any EZ bank – indeed, why deposit any amount in certain EZ banks, as the value of the EZ bank-deposit guarantee is worthless in a number of cases, as a number of the peripheral EZ countries can’t afford to pay up. I repeat, the EZ bank deposit “guarantee” is not a joint and several responsibility across the EZ; it is the responsibility of individual EZ countries.

    If these comments are not withdrawn/clarified, the weaker EZ banks in the troubled countries, in particular, are going to come under severe pressure. Even if withdrawn/clarified, this is yet another self-inflicted wound. The euro has declined materially since these statements by Mr Dijsselbloem were published by Reuters and the FT.

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