€uro never faced a 2009 Crisis says Greek Top Politician f.MEP Samaras : Calls to check 1981-2001
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.
- 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.
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...
Main Menu
Αρχική Press Deontology/Ethics 2009 Innovation Year EU endorses EuroFora's idea Multi-Lingual FORUM Subscribers/Donors Συχνές ερωτήσεις Η άδεια του Elxis Σύνθετη αναζήτηση EuroFora supports Seabird newsitems In Brief European Headquarters' MAPs CoE Journalists Protection PlatformBRIEF NEWS
- 00:00 - 02.06.2021
- 00:00 - 18.10.2020
- 00:00 - 19.06.2020
- 00:00 - 18.05.2020
- 00:00 - 20.04.2020
- 00:00 - 02.02.2020
- 00:00 - 09.12.2019
- 00:00 - 27.11.2019
- 00:00 - 16.11.2019
Popular
- Yes, we could have prevented Ferguson riots says World Democracy Forum's Young American NGO to ERFRA
- Spanish People Elect CenterRIGHT Majority with 1st Party and Total of 178 MPs (6 More than the Left)
- Pflimlin's vision
- The European Athletic "Dream Team", after Barcelona 2010 Sport Championship Results
- Source Conseil d'Europe à ERFRA: Debatre Liberté d'Opposants à Loi livrant Mariage+Enfants à Homos ?
- Head of BioEthics InterGroup, MEP Peter Liese : "Embryonic stem cell research reaching its END" !?
- Spain: Jailed Turkish Terror suspect with Explosive,Drones,Chechen accomplices stirs Merah+ Burgas ?
- UN Head Ban Ki Moon at CoE World Democracy Forum : - "Listen to the People !"
Latest News
- EUOmbudsmen Conference 2022: Digital Gaps affect People's Trust threaten EF Project on EU Future ?
- French Election : Black Out on Virus, but Obligation for Fake 'Vaccines" Challenged
- Both French Presidential Candidates point at "Humanism" in crucial times...
- France : Zemmour = Outsider may become Game Changer in Presidential + Parliamentary Elections 2022
- PACE President Cox skips Turkey Worst (Occupation) case compared to Russia (DeMilitarisation) query
Statistics
Επισκέπτες: 58326083Archive
Login Form
Other Menu
- "Europe must be liberated from this undermining "wooden talk" of a "unique thought" which hampers democratic debates", stressed incoming EU Chairman, French President Nicolas Sarkozy, speaking to Journalists after his official meeting with EU Commission's President, Jose Barroso, at Elysee Palace in Paris
- "It's precisely because there are not enough Debates, that EU hasn't managed yet to make it clear to European citizens what is really at stake", he added, in an obvious reference to the latest Irish "No" in 2008, after a long series of similar, unprecedented events, from the 1st Majority Abstention to EU Parliament's Elections in 1999, repeated in 2004, to the Dutch and French "No" in 2005, etc.
- "This is not an easy period, but we shall act with determination, while also listening to Citizens' views", he promised.
Sarkozy's move came shortly before his opening Speech, next week in EU Parliament in Strasbourg, for the first Public Debate on the Priorities of the French EU Presidency (July - December 2008), and that's one of the reasons for which he significantly opened his EU Council's Chairmanship by welcoming at Elysee palace EU Parliament's President, German MEP Hans Gert Poettering at first..
The incoming EU Chairman was replying to Press Questions about rumours that controversial British EU Commissioner on Trade, Mandelson, was alone to drop an invitation to have a working Diner at Elysee palace, together with all other EU Commissioners and the French Government, only because he would have been upset for some critical points made earlier by President Sarkozy in defense of European Agriculture vis-a-vis its Foreign competitors.
But, as smiling Sarkozy played down Mandelson's reported refusal to debate, saying that he had to visit Marseille for a Ministerial meeting on Trade the next morning, and that "all our British friends are always welcome to taste a nice diner" in France, perhaps at another occasion..
- "It's urgent to win anew the trust of the People" : Lately, "the European ideal lost its momentum. Since several years, whenever Citizens are questioned on Europe, they react with reserves : They even have .. a tendency to reply "NO".. After this 3rd "No" of a People in some years, there is an Urgency to convince", added French Prime Minister Francois Fillon, after a meeting earlier the same day of all Ministers with EU Commissioners, followed by an interview with Barroso
"According to recent Polls, only 30% of French people believe that the European construction is a source of hope. It's only a poll, but we all now quite well, that, since 2005, it's dangerous to neglect these alarming signals, as it would be dangerous to treat with contempt the Irish "No", Fillon warned.
"We all have a common duty to prove to the European Citizens who have doubts, that EU is more useful, more necessary, than ever" : And "that EU can take decisions needed in order to respond to European or Global challenges", the Prime Minister concluded.
- "We believe, together with President Sarkozy, that EU should open debates on all issues of direct, concrete interest to Citizens", confirmed later to EuroFora the Head of France's governing party (UMP), Patrick Devedjan, after his speech to the European People's party (EPP) Study Days in Paris (2 - 4 July 2008).
He didn't deny that one of them is Turkey : - "Public Opinion in France is very much unfavorable to Turkey's EU bid, and President Sarkozy has said that several times", he told EuroFora.
From European Central Bank's controversial policies on Euro's value, to EU Enlargement Strategy, etc., issues of obvious importance to EU Citizens will be plenty, next week in EU Parliament in Strasbourg, before President Sarkozy launches the debates on EU 2008 French chairmanship's priorities on Thursday.
Polls
SMF Recent Topics SA
- Record Hospitalisati... (0) από Breadman
- How Many Infected by... (1) από Thunderbird
- Real Cause for Europ... (0) από Breadman
- Interesting Australi... (0) από Aurora
- Plus de mRNA Faux-&q... (0) από Aurora
- EU: Lukashenko as E... (0) από WKalina
- Why NATO in Ukraine,... (0) από Geopol
- Afghanistan's key : ... (0) από Thunderbird
- Anti-Pass Demonstrat... (0) από Aurora
- Veran - Fioraso : Mê... (1) από JohnsonE