Euro Ministers Cautious on Greek Bailout Deal

The chairman of the meeting of eurozone finance ministers says Greece has to identify an extra €325 million in savings for 2012 in order meet the terms of a much-needed bailout.
Jean-Claude Juncker said Thursday the Greek parliament will also have to pass the full package of cuts and reforms on Sunday and party leaders have to make clear that they will back the measures after elections.
He said if those conditions are met, the eurozone finance ministers could give the green light to a bond-swap deal with private creditors to cut Greece’s debt by some €100 billion at their next meeting Wednesday.
(source: AP)

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  • http://profile.yahoo.com/CHQODQDLWZLZEV7D2GOQNVE6GA Freedom and Democracy

    The Hand is Quicker Than the
    Eye!

    EUROPE—“Save the Euro”
    Becomes the Fraudulent Pretext

    To Wage Economic War of
    Impoverishment and Extermination!

     

    “Saving the Euro” has become the
    rallying cry and false pretext to wage constantly escalating economic war
    against the European Working Class and the Poor by imposing harsh austerity
    cutbacks in social programs, government services and infrastructure just like
    in the United States. The world capitalist dictatorship believes that it can
    begin to reduce the world population this way in Europe as well through
    imposing escalating impoverishment. The formula is very easy to understand: First
    the world capitalist dictatorship gets all countries in the Eurozone to agree
    that their fiscal deficit or public debt can not exceed their GDP by more than
    3%. Second is to simultaneously have the governments of these countries
    implement supply-side economics, which as mentioned above, is
    nothing but a scheme and conspiracy to reduce the tax base in order to create a
    Strategic Budget Deficit, a strategy of economic war against the masses. This
    guarantees that those countries will quickly exceed the agreed upon 3%! When
    this 3% is exceeded those countries are told they must impose harsh austerity
    programs on their general population and when the austerity is not harsh enough
    they are told as a penalty that their country’s interest rate for
    borrowing has become ASTRONOMICAL! This is precisely what has
    happened or about to happen in the majority of the Eurozone member countries,
    with the exception of Germany and France who do not permit budget deficits to
    occur. But then these 2 countries are then told that they must bail out banks
    of these other countries with their tax moneys in order to help reduce those
    astronomically high interest rates in the other Eurozone countries and “save
    the Euro!” This way all Eurozone countries are targeted with austerity
    programs! High unemployment is the rule in Europe because of the large
    number of public sector Workers who have been laid off and also because the
    economies of the U.S. and Europe are interlinked and it is the result of
    political decision by U.S.-led world capitalism to do everything possible to
    reduce demand, the engine of the economy in all countries, and to deliberately
    cause all economies to contract to reduce world population. The
    U.S.-dictated European oil embargo against Iran under the demonstrably false
    pretext of a “nuclear weapons project/déjà vu Weapons of Mass Destruction
    (WMD)” is also calculated to help raise European oil prices and impose economic
    hardship on the masses in line with this “greater objective.” (See above.)

     

    The capitalists
    deny the actual dynamic which they have deliberately set in place and use all
    sorts of false and tangential reasons to divert attention of the Working Class away
    from cause and effect! The capitalist media turns “Saving the Euro”
    into the raison d’etre or reason for existence and tries to use
    each and every twist and turn to get the European Workers emotionally involved
    in supporting their own impoverishment! The European population is falsely led
    to believe that “saving the Euro” will improve their economies when just the
    opposite is the case. Going back to multiple currencies could easily solve this
    “budget deficit problem,” because a country’s central bank can in such times
    print more money and/or theoretically impose a more progressive tax structure,
    etc. But the U.S. and Eurozone countries’ capitalist dictatorships are united
    in agreement that they must crash their own economies in order to “reduce the
    population demographic” through first imposing an escalating economic war of
    impoverishment. The “Euro” allows the capitalist class to better think and act
    as a class and impose much harsher austerity on the masses, than would ever be
    imposed if each country had its own currency once again. The U.S./European
    Working Class is generally regarded by the capitalist dictatorship as “a
    redundant useless class enemy.” The capitalist class also falsely believes
    overpopulation to be the world’s biggest problem not the Runaway Greenhouse
    Effect! Just as in the U.S. the European capitalists control and operate their
    own “opposition” including the leadership of ALL labor unions,
    now run by political police agent provocateurs just like in the U.S., who in
    Europe pretend to “oppose” the economic war with phony “General Strikes,” with
    preset time limits, which are almost the same as one-day protest marches and
    which only include part of the capitalist economy! A General Strike is
    open-ended on time and includes ALL sectors of the economy! This is the essence
    of the supposed “European Crisis of the Euro.” Aren’t those capitalists CLEVER?
    We are all so STUPID and they are all so SMART! These are just some of the
    reasons why we need Socialism and why we need to build back to more than a
    million-strong Communist Party in the United States. The IMF head Christine
    Lagarde agrees: “the ‘crisis’ is…escalating.” (BBC,
    December 15, 2011) Meaning the capitalists INTEND to escalate economic war!

     

    But WAIT!
    According to the New York Times all may NOT be coming up entirely
    roses for the U.S.-led capitalist dictatorship as things seem to go out of
    control. Some EU countries have moved very far to the right in response to the
    falsely based austerity measures. In both Austria and Finland, for example
    there are well-organized Neo-Nazi led political parties. And in Hungary
    the Jobbik Party, a minority, is a full fledged NAZI party,
    having official anti-Roma and anti-Semitic positions and possessing an SA-type
    paramilitary arm, while the majority Fidesz Party (also Fascist) has completely
    taken over with a new constitution, but was immediately threatened with
    sanctions by the European Commission. (New York Times, January
    12, 2012) Finally, as Lenin noted: “the slogan for a United States of Europe is
    an erroneous one”…and “impossible” unless it is on the basis of Socialism.
    Otherwise “it must be based on force,” which is what the economic sanctions
    represent.  (“On the Slogan for a United
    States of Europe.” V.I. Lenin Sotsial-Demokrat No. 44, August 23,
    1915) Lenin Collected Works Vol. 21)

     

    Back in the
    United States, the actual purpose of the $4.7 Trillion Bank Bailout was also
    just another CRIMINAL DIVERSION of TAX MONEY away
    from Social Spending, normal government services and infrastructure! It is a
    fact that combined New Deal and WWII spending in a program of standard
    CAPITALIST Keynesian Deficit spending to 37% of the Gross Domestic Product
    primarily on Federal Jobs Programs is what lifted the U.S.
    economy and then the world economy out of the Great Depression and
    theoretically this could easily be done again, because there is more
    money in the United States than in all previous history! There is
    easily enough money to bring back the 3-cents postage stamp and the nickel
    subway fare, but the capitalists have stolen all the money—OUR MONEY!
    (See below!) The U.S. capitalist dictatorship has thus lost all
    legitimacy to rule and lost all right to sovereignty in the United States OR
    ANYWHERE ELSE IN THE WORLD!

  • http://www.facebook.com/people/Charles-Hubbard/1276400123 Charles Hubbard

    God wants you to know that Greece is being punished
    for honoring other gods and goddesses!

    They need to start their recovery by taking down the NIKE temple!

    I am a watchman and you can read about it here…

    http://www.christiansagainstnike.com/