Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

no more banksters

(395 posts)
Wed Aug 5, 2015, 02:41 PM Aug 2015

ECB's economic hitmen

As the debt crisis deepened, leading the economies of the European region in hostage under the respective central banker of the eurozone, the ECB clearly took the role of an "economic hitman". While Washington had access, during previous decades, at CIA to ensure its dominance in South America, Berlin began in 2008 to entrust 'destabilization' operations to the ECB. The dress rehearsal held in Ireland in 2010, when Trichet openly threatened the government that it would cut funding of the banking system, forcing Ireland to exit eurozone in case it would not accept the "offer" loans from the EU, IMF and the cruel austerity measures imposed. The total amount that the Irish tax payers called to pay for this agreement was EUR 64 billion, or about 14,000 euros per Irish citizen.

This silent "coup" was successfully repeated in Cyprus when Berlin decided to get over with regional economic havens and gather control of black money into more controlled regions in Europe. And of course the same threats from the ECB were repeated several times in Greece, every time that the terms of the new loan agreements had to be set.

The ECB mechanism, in close cooperation with the central bankers of the eurozone members, was now completely out of control, interfering in the internal politics of sovereign states. The next step, namely the overthrow of an elected prime minister, it was just a matter of time to occur and was first tested in Italy.


http://failedevolution.blogspot.gr/2015/08/ecbs-economic-hitmen.html
Latest Discussions»Retired Forums»Socialist Progressives»ECB's economic hitmen