Powerful world bankers knelt and paid their respect to the new souvereign of Europe. They bowed to what German Chancellor Angela Merkel called “last word”: a 50% Haircut of Greek bonds. Angela Merkel may remind us of the German version of Margaret Thatcher”, but deep in her heart she is still the pastor’s daughter who grew in former DDR. Yeap. It must have been difficult for a religious person to survive in an atheist socialist state. On Wednesday, Angela Merkel used all her possible tricks to enforce her will. She went so far to threaten even of a war in Europe, should the euro fail.
“Nobody should take for granted another 50 years of peace and prosperity in Europe. They are not for granted. That’s why I say: If the euro fails, Europe fails,” Merkel told members of the German Parliament on Wednesday, ahead of the EU Summit on Greek debt. And she added:
“We have a historical obligation: To protect by all means Europe’s unification process begun by our forefathers after centuries of hatred and blood spill. None of us can foresee what the consequences would be if we were to fail said,
While she praised Portugal and Spain, she warned Greece “Debt restructuring alone does not solve the problem. Painful structural reforms have to be made, otherwise even after debt restructuring we’re back to where we are today.” And she proposed the unprecedented: That Greece would have to be “assisted” for quite some time. “It’s not enough that the troika comes and goes every three months. It would be desirable to have a permanent supervision in Greece,” she said, adding that this issue would be brought up at the summit.
In return for what seems to be an unprecedented sovereignty loss in an old EU member state, Merkel promised German investments and mentioned a meeting of local representatives from Germany and Greece in the coming weeks. In her almighty kindness, the new iron lady of Europe didn’t forget to devote a sentence to Greek folks:
“People in Greece have to stomach a lot of sacrifices. They deserve our respect and also a sustainable growth perspective in the eurozone.”
Deeply touch the Greeks have now started to learn the German National Anthem….
source: Merkel’s speech/ eurobserver.com
http://www.keeptalkinggreece.com/2011/10/27/angela-merkel-she-had-a-dream/
“Nobody should take for granted another 50 years of peace and prosperity in Europe. They are not for granted. That’s why I say: If the euro fails, Europe fails,” Merkel told members of the German Parliament on Wednesday, ahead of the EU Summit on Greek debt. And she added:
“We have a historical obligation: To protect by all means Europe’s unification process begun by our forefathers after centuries of hatred and blood spill. None of us can foresee what the consequences would be if we were to fail said,
While she praised Portugal and Spain, she warned Greece “Debt restructuring alone does not solve the problem. Painful structural reforms have to be made, otherwise even after debt restructuring we’re back to where we are today.” And she proposed the unprecedented: That Greece would have to be “assisted” for quite some time. “It’s not enough that the troika comes and goes every three months. It would be desirable to have a permanent supervision in Greece,” she said, adding that this issue would be brought up at the summit.
In return for what seems to be an unprecedented sovereignty loss in an old EU member state, Merkel promised German investments and mentioned a meeting of local representatives from Germany and Greece in the coming weeks. In her almighty kindness, the new iron lady of Europe didn’t forget to devote a sentence to Greek folks:
“People in Greece have to stomach a lot of sacrifices. They deserve our respect and also a sustainable growth perspective in the eurozone.”
Deeply touch the Greeks have now started to learn the German National Anthem….
source: Merkel’s speech/ eurobserver.com
http://www.keeptalkinggreece.com/2011/10/27/angela-merkel-she-had-a-dream/
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