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Home arrow In Brief arrow €uro never faced a 2009 Crisis says Greek Top Politician f.MEP Samaras : Calls to check 1981-2001

€uro never faced a 2009 Crisis says Greek Top Politician f.MEP Samaras : Calls to check 1981-2001

Written by ACM
Tuesday, 21 September 2010
samaras_it_started_since_1980_decade_400

In fact, Euro € Monetary System never faced a real Crisis, because what happened back in 2009 , was only an Articficial Exploitation of 1980 - 2001 Darkspots stemming from the Past of a pro-Euro period, long before the creation of the € Currency, and all these grave errors or even crimes committed against not only Greece but also Europe at large must be clearly elucidated now, when a whole Historic Period concludes (1981-2010), the new Leader of Greece's main opposition party of ChristianDemocrats/EPP de "New Democracy", former Minister and MEP at EU Parliament in Strasbourg, Nicos Samaras, stressed in substance, (reminding  when EuroArea was threatened by exagerated percentages Markets asked to lend Money to the current Greek Government after it anounced a Bigger Deficit than expected, until EU created a Double Protection Mechanism, one for Greece's urgency and another, bigger one, in order to prevent any eventual Speculation vis a vis any EuroZone Member States, that proved so Succesful that it didn't even have to trigger it yet).


- "We need Sharp Truths" to "change People's Anger into Hope" with a "Revolution of Consciousness", because Greece and EU "needs a Big Bang" to foster "a shock of Competitivity, Investment and Innovation", "now that a whole Historic Period concludes", underlined, among others, in a landmark speech at Thessaloniki's International Economic Fair, followed also by several other relevant statements and developments on that issue shortly afterwards.


Several MEPs, who commented Samara's statements, during EU Parliament's Plenary Session in Strasbourg, including Experienced long-time MEP, and former Minister, Marietta Giannakou, Member of ChristianDemocrats/EPP's Bureau, etc., attracted "EuroFora"s attention to the original sources in Greek language, from which we publish in English certain selected key parts on this growing Controversy on €uroZone's real Strength (apparently even bigger than routinely said), in order to stir Public Debate :


- In fact, "PASOK .. inflated the Deficit's real numbers during the last 3 Months", because, "with the Measures already anounced" by the previous, ND Government of Costas Caramanlis, "last Year's (2009's) Deficit would close to 9,9% at the outmost".. But "the PASOK Government cancelled those Corrective Measures, transferred Revenues of 2009 to 2010, and wrote Expenses of 2010 inside 2009, (etc), so that, with "methods of Creative Acounting" it (artificially) augmented the 2009 Deficit for more than +3,7%,, (artificially) inflating it from 9,9% to 13,6% !", he denounced.


 + But, even that, wasn't enough in order to provoke a Crisis :   - "Loans' interest rates, .. on October (2009), when the PASOK Government took over, the so-called "Spreads" were just  at 130 units. On November (2009), when a 2-digit Deficit number was anounced (See supra), Spreads still were at about 180 units. Even at the end of January (2010), Spreads were around 200 units". It's only "afterwards (that) they exploded", jumping up to more than .. 800, and "now they are at Third World levels of 1.000 units...", he denounced. 

                                                                                                                                                                                                                                                                                                                                   - These facts prove, according to Samaras, that "the Truth is .. that PASOK (i.e. the current "Socialist" Government) inherited a Deficit Similar to what exists also elsewhere in Europe, and it changed it, on its own Responsibility, into an unprecedented Crisis of Borrowing, unique in Europe !", he denounced.

 nsam_400

- Even "on January 2010, Global Markets offered large possibilities to borrow Money, enough to cover up all (the Year) 2010", "waiting for the Government to take some decisive measures. Even "from January up to March 2010, foreign Markets offered us, for more than a Year, more than 43 Billions €, from which we took just 14 !", he criticized. "Up to January, Markets still trusted Greece for Lending", but it's only "afterwards (that) they fully lost all their trust to Greek (Government's) bonds", he observed.


 - Things were agraveted because, "instead of taking certain (necessary) Measures immediately", on the contrary, the current Prime Minister Georges "Papandreou was  running in Greece and abroad, himself and his counselors, claiming that the Economy was in Intensive (care), that Greece was the most Corrupted Country in the World, that we are at the "Titanik", ready to drown", etc. so that "a Deficit Problem, similar to that of many other other European Countries, into an unprecedented, never seen before, Borrowing Crisis" at the beginning of 2010, he concluded.

- But "Truth cannot be restricted, cut into pieces, or be closed in a kind of jail", Samaras also stressed, firmly reiterating calls for a Full Investigation which won't be limited only into a few Years time, but extended all the way up to the Decade 1980, without which nobody can have a clear overall view of what really happened, finally congratulating the fact that the current Prime Minister, George Papandreou (PASOK) just accepted to make "a 1st Step" by extending Investigations to come for "some years more", even if it's largely insufficient yet (See supra).


Papandreou accepted to "include the 2001 period, when (USA's) Goldman Sachs participated in shaping the Data presented for an (earlier than normal) entry in the €uro-Monetary System", observing that "the Investigation will arrive up to that period", but, reportedly, "clearly implied that it wasn't going to reach up to 1981", because, "as he characteristically said :   - "We won't right a History Book !"...


However, meanwhile, former Prime Minister Costas Simitis (PASOK), reportedly reacted by saying that, if 2000-2001 period should be investigated, then, the enquiry should also extend at least since 1996-1999...

                                                                
Unless an EU Parliament or other EU-inspired Investigation clearly asks to ensure that all the Truth will be known, since 1981 if necessary, on all relevant Facts able to provide a reply to the question what really trigerred €uro's 1st, unprecedented Crisis, which required for the EU and EuroZone to organize many Summits and take several Measures before it succeeded to put the situation under control in mid 2010...

***

 

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    The incoming Swedish EU Presidency (July-December 2009) may still remain in favour of Turkey's controversial EU bid, despite June 2009 EU Elections' results, but it has "very strong demands on Turkey"'s obligation to respect EU Rules, said the Head of Swedish Foreign Ministry's Press Service, Cecilia Julin, to "EuroFora", reacting to critical Press reports.

    - "I know (that) the link is often made also to Sweden's position on Turkey"'s controversial EU bid. Indeed, "we (Swedish EU Presidency) are very much engaged in the future membership of Turkey, but not without fullfiling all the Criteria".

    - "It's very clear that we (Swedish EU Presidecny) have very Strong Demands on Turkey, in a sort of concept for Future membership of the Union, ...which will be a Long Process...", she stressed.

    This means, in particular, "the Copenhagen Criteria (on Human Rights, Democracy and Rule of Law), and also the adaptation to the Acquis of the European Union".

     - "If you listen to what Mr. Bildt (the Swedish Foreign Minister) says on Turkey at different occasions, it's very clear : We want Turkey to become part of the Union, in the Future. But we want it to fullfil all the Criteria : The Acquis of the European Union. That's very clear", she concluded.

    The Senior Official of the Swedish Foreign Ministry was reacting to critical Press Reports, from Brussels' Journalists invited by EU Commission's secretariat to Stockholm, who claimed that Bildt was abusing of a ..."Whip" (sic !) against Cyprus, by "threatening" the presence of UNO's Peace-keeping force at the "Green line" which separates the island's Government-controlled areas from the territories occupied by Ankara's army, if Nicosia didn't accept any political solution, regardless of Turkey's demands, before the end of 2009.

        Governing AKEL Party's new Secretary General, Andros Kyprianou, reacted by declaring that no-one can threat the People of Cyprus : -"We shall decide for our Future, and nobody else",  he reportedly said, asking to "keep calm". "In order to find a Solution soon, certain basic Principles must be respected", he stressed, calling those who feel an urgency to use their influence on Turkey. Other Political Parties were more critical.

    This was a reference to recently reported statements by Turkish Minister Bagis, Prime Minister Tayip Erdogan and Turkey's National Security Council (a Military-Political body), accused to push towards a partitionist "2 States" solution, contrary to UNO SC Resolutions for Cyprus' reunification.

    December 2009 is a crucial moment for EU's appraisal of Turkey's controversial EU bid, because EU Council has decided to review then Ankara's compliance with the European position on the recognition of Cyprus' Government, which was clearly set out by an EU reply of 21 September 2005 to Turkish Prime Minister Tayip Erdogan's claims, refusing to recognize even the existence of EU Member Cyprus, in controversial statements he made to London (former EU chair) on July 29, 2005.

    EU Parliament's latest Resolution on Turkey, adopted on March 2009 in Strasbourg, warned Ankara that "the non-fulfillment of Turkey's commitments... by December 2009, may further seriously affect the process of Negotiations" with the EU.

    In practice, the issue boils down to Ankara's "embargo" against Ships and Airplanes using Cyprus' seaports or airports at the strategic EU island, which traditionaly hosts one of the World's biggest Shipping flags. EU has already "freezed" 6 relevant Chapters in EU - Turkey Negotiations since December 2006, after Ankara refused to fullfil a commitment it had undertaken when EU had decided to open controversial "accession" negotiations with Turkey, back on December 2005.

    - "As far as EU - Turkey relations are concerned, it's clear that Turkey needs to fullfil its obligation of full, non-discriminatory implementation of the additional Protocol (to "EC-Turkey Association Agreement"),  This is an important issue....and should be addresseed as soon as possible as it clearly affects the pace of the accession negotiations.Issues covered by the Declaration of September 2005 will continue to be followed up, and progress is urgently awaited", warned earlier in Strasbourg the out-going Czech EU Presidency (former vice-Prime Minister Alexander Vodra).

    But the Head of the Swedish Foreign Ministry's Press Service, Cecilia Julin, dismissed "interpretations" by "some" that Foreign Minister Carl Bildt was reportedly "threatening" Cyprus with consequences on the UNFICYP, if it doesn't accept any solution until December 2009, while Turkey is reportedly delaying in an attempt to impose a partitionist "2 States" solution.

    On the contrary, Julin, stressed that "Sweden has strong demands on Turkey'"s respect of "Copenhagen Criteria and EU Acquis".

    Meanwhile, Sweden  is "concerned" about the risk of "Stalemate" in Cyprus' Talks, but is well aware that "the main responsibilities lie with the two leaders and the UNO", Europe playing only a role of "facilitator".

    After carefully verifying, the Head of Swedish Foreign Ministry's Press Service, stressed to "EuroFora" that Bildt's reference to UNFICYP "was not linked to a Threat", and dismissed those who "interpreted" it so.

    On the contrary, the Swedish EU Presidency acknowledged the fact that Peace Talks are mainly for the UN and the leaders of the Cypriot communities, EU's role being limited into that of a "facilitator".

    As for Turkey's reported attempts to impose a "2 States' solution", the Head of the Swedish Foreign Ministry's Press Service sharply replied by stressing that Turkey must respect the "EU Acquis" rules.

    In particular :

    - "Basically he (Bildt) underlined that it's the leaders of the two communities in Cyprus and the UN that have the main responsibilities for solving the problem", started to say the Swedish Senior Official to "EuroFora", referring to the above-mentioned "briefing".

    - "But the EU had a role in sort of pointing out the benefits and facilitating a little bit the outcome for the settlement of the whole Cyprus' issue", she added.

    - "And he did state the Fact, that the rest of the World (i.e. USA, etc) will, of course, look at the differend issues which are at the table, and the future of the UN Peace keeping force is part of what is at the table", she admitted.

    - "I understand that some have interpreted that as a Threat, by the Swedish Minister" "But", in reality, "it's a statement of a Fact, that, when we'll look at the differend issues, one of the issues on which we shall have to take a stand on, is the future of the UN Peace keeping force in Cyprus".

    Indeed, one of the questions usually raised for a Solution of Cyprus' issue is what International and/or European or other Guarantees, by a Peace-keeping force, might be needed afterwards, eventually for a transitory period.

    Questioned anew by "EuroFora" whether (according to critical Press Reports) this could be taken as a veiled warning that, if Cyprus didn't accept any Turkish demand for any solution whatever, it might be left alone to face Ankara's Military Invasion/Occupation, she denied :

    - "He (Bildt) didn't say it in that way"... "It was not linked to a threat, or anything like that", the Head of the Swedish Foreign Ministry's Press Service stressed.

    On the contrary, "he (Bildt) underlined that the main responsibility lies with the parties concerned on the island". "The EU can try to facilitate and show the benefits of reaching a settlement. But also, when the EU and the rest of the World (i.e. USA) will have to look at it, they will look at all the Facts on the table, and the presence of the UN Peace-keeping force is one".

    And "he (Bildt) didn't speak about that at all", she replied to "EuroFora" question on Turkey's reported attemps to impose, in one way of another, a partitionist "2 States solution".

    Asked whether Bildt's aim was to incite both parties to move forward efficiently, she agreed :

    - In fact, "the EU is really very concerned with the Stalemate in the situation. Yes !", the Head of Sweden's Foreign Ministry's Press Service anounced. That's why Bildt "was hoping for the two parties (i.e. for Turkey's also) to engage and break, a little-bit, the present stalemate, come to a solution of the issue" of Cyprus.

    But, replying  to a "EuroFora"s question on the risk, denounced by several politicians in case of strict Time Deadlines, for Turkey to provoke a stalemate and wait for the time to come to impose a partitionist "2 States' solution", she reacted by pointing at Turkey's obligation to respect "EU Acquis" :

    - "Turkey must fullfil the EU Acquis : That's clear !", the Swedish Senior Official stressed.

    More details are expected when Swedish Prime Minister Reinfeldt will debate his Programme with new MEPs at EU Parliament's plenary mid-July in Strasbourg, that he has visited already in 2008.

    Foreign Minister Carl Bildt became familiar with Strasbourg's CoE last year, when Sweden chaired the PanEuropean organization of Human Rights. As EU chairman-in-office, he will also chair the 27-member States strong EU Group inside the 47-member States strong CoE.

    Minister for EU affairs, Cecilia Malmstrom is well known at EU Parliament, where she has been an active MEP of the Liberal Group for many years, following also Press Freedom issues.

    Both have already made various statements at "EuroFora", on differend topical matters.

    ***

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