Fetching or Felching? You decide, the Ironing Chancellor unveiled an extra 52 billion Euros to help make ongoing Greek default look like business as usual and markets bought it but ordinary folks don’t believe a word. Unionists about to be thrown off the runaway gravy train took a few hours to rationalise the deal but they’ve yet to connect the dots back to their own union pension fund’s uptaking on the freshly buzzed bonds.
Nine years of austerity are projected for the Euro-ship to right itself, phoney-baloney loans guaranteeing French and German banks live to plunder another day is about as sensible as Sarkozy pushing warship sales and Papandreou giving the nod there too. If this fiasco lasts another nine months, it won’t be Greece the world will be focused on. Merkel wasn’t kidding about taking peace for granted, she addressed the French!
Greece’s politicians have immunity from prosecution, they favour foreign interests over the people’s and do what the EU tells them. Does Merkel really believe Greeks will work for lower than minimum wage at German companies inside special economic zones on their own territory, Arbeit Macht Frei style? Perhaps she does, technocrats keep conjuring up digits to pay the bank interest on debts that can’t ever actually be paid off in full, shrinking the local economy and fueling misery for the banker’s sake.
The object of the entire ECB Failout is ‘not to’ trigger a CDS event, phoney insurance products without reserves aren’t meant to pay off or to cost billions to the scamming bankers in this lifetime. It’s all gambling so everyone must in the end eat their losses only we’ll have to wait till WWIII concludes to determine the born-losers. Are Germans as smart they think? If Operation Paper Clip kept Third Reich hopes for a Fourth alive, is Operation Pay-Per-Clip simply tying up loose ends? Field Marshall Geithner knows!