
Varoufakis with self-styled 'Mr. Euro', Dutch finance minister and chairman of the Eurogroup, Jeroen Dijsselbloem
The Euro Summit statement (or 'Terms of Greece's Surrender', as it will go down in history) follows, annotated by yours truly. The original text is untouched, with my notes confined to grey blockquotes. Read it and weep...
[For a pdf copy click
here.]
Euro Summit Statement Brussels, 12 July 2015The Euro Summit stresses the crucial need to rebuild trust with the Greek authorities...
i.e. the Greek government must introduce new stringent austerity directed at the weakest Greeks, who have already suffered grossly.
...as a pre- requisite for a possible future agreement on a new ESM programme.
i.e. for a new 'extend-and-pretend' loan.
In this context, ownership by the Greek authorities is key...
i.e. the Syriza government must sign a declaration of having defected to the troika's 'logic'.
...and successful implementation should follow policy commitments.
A euro area Member State requesting financial assistance from the ESM is expected to address, wherever possible, a similar request to the IMF This is a precondition for the Eurogroup to agree on a new ESM programme. Therefore Greece will request continued IMF support (monitoring and financing) from March 2016.
i.e. Berlin continues to believe that the Commission cannot be trusted to 'police' Europe's own 'bailout' programs.
Comment: Can there be any doubt that Europe's leaders are completely and utterly insane?
Varoufakis did a great job deciphering their psycho-babble and giving people the facts of the situation. Between this and
other information he has shared about the way these criminals have operated, and continue to operate, it's clear that they're not just insane; they are extremely dangerous.
Just think; the handful of criminals in that euro-room in euro-land have access to the economic levers over a region populated by half a billion people...
See also:
Greek People "crucified" by EU 'elite' for wanting social justiceGreek debt and German hypocrisy
Comment: Rita Katz of SITE Intelligence on the ball again. Is it mere coincidence that 'ISIS', the 'Islamic terror group', attacks all of Israel's neighbors, but never Israel?
Private Jihad: How Rita Katz got into the business of inventing Muslim terrorists and hystericizing America
Coming immediately on the heels of the Iranian peace deal that so vexed Netanyahu and the Israeli government, this action is extremely suspicious given that it amounts to a deliberate increase of tension in the Middle East. Who benefits?