Debt Structure of EU Countries Shows Stability Pact/ESM is the Basis for Perpetual, Total Tax-looting to Pay Goldman Sachs´Ever Increasing Debt Interest

Each EU country is to stay within the limits on government deficit (3% of GDP) and debt (60% of GDP);   all EU member states are each year obliged to submit a Stability and Growth Pact compliance report for the scrutiny and evaluation of the European Commission and the Council of Ministers.

EUObserver 31 May 2015 These rules are now written into national constitutions. The average national-debt-to-GDP ratio stands at 95 percent, almost 30 percent higher than its pre-crisis level in 2007. The EU’s governance regime gives the European Commission the power to impose fines worth up to 0.2 percent of GDP on governments that persistently fail to meet targets to reduce their debts or deficits.

The following sovereign debts of EU member states is from Eurostat, 10 June 2015.
It shows the economic weaknesses and strengths of the EU member states.

Short-term national sovereign debt.

short-term-sovereign-debt-eu-states

 

government-debt-holders

 

Let´s guess who the non-resident debt holders are: Rothschild´s “pound-of-flesh” flayer Goldman Sachs with its methods revealed in Greece and its many Trilateralist CEOs? And JP Morgan whose CDOs started the subprime mortgage/finance crisis and the bail-out flaying of tax payers worldwide?

ESMBut it is much worse than that: The European Stability Mechanism (ESM) started by former Goldman Sachs vice-president and ECB-CEO Mario Draghi. It gives Goldman Sachs the right to loot us and our banks, let our banks fail , let tax payers pay their debts to Goldman Sachs and others – and to let this game go on unpunished for ever!!!
The board consists of finance ministers.The board of Directors are ministerial officials .
They are, of cource, unbribable – and so they are exempt from judicial prosecution!!

Web of Debt 18 April 2012 – ESM states:
[Article 9]  Members hereby irrevocably and unconditionally undertake to pay on demand any capital call made on them . . . within seven days of receipt of such demand.”
[Article 10]: “The Board of Governors may decide to change the authorized capital and amend Article 8 . . . accordingly.” Question: . . . 700 billion is just the beginning? The ESM can stock up the fund as much as it wants to, any time?

[Article 27, lines 2-3]: “The ESM, its property, funding, and assets . . . shall enjoy immunity from every form of judicial process . . . .” Question: So the ESM program can sue us, but we can’t challenge it in court?
‘[Article 30]: “Governors, alternate Governors, Directors, alternate Directors, the Managing Director and staff members shall be immune from legal process with respect to acts performed by them

Add to this that “resident” Rothschild controlled central banks are the biggest debt holders.

eurostat

Through the ever increasing taxpayer and saver bail-ins to Rothschild´s investment banks in order to pay ever increasing debt interest to Rothschild´s too-big-to-fail speculation banks mankind will be utterly impoverished.

 

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3 Responses to Debt Structure of EU Countries Shows Stability Pact/ESM is the Basis for Perpetual, Total Tax-looting to Pay Goldman Sachs´Ever Increasing Debt Interest

  1. R Davis says:

    Regarding your headline – never has a truer word been spoken.
    Prior to the elections, Yannis Varoufakis said “default, Greece must default”
    & I believe that Greece defaulting would still today, pull the plug on the EU – the first domino to fall that sets off the others.
    But like all wannabe’s, the moment Varoufakis was in the spot light & had some power in his pocket he ran to the EU elite for a group hug.
    Shmuck !

  2. R Davis says:

    Sometimes life gives you the ball – “here, kick us a goal” & there you are on center stage & the whole world is on your side – except the bad guys & gals of course.
    In life there are always times when, to take a risk is the only way to go & for everybody concerned. Varoufakis & Tsiprus would have been heros, not just to Greece but to the world at large. It will all fall appart anyway, simply because it is all unrealistic & therefore susustainable.
    but / &
    “this was their chance man” ” and they blew it” ” they messed up”
    Moments like this are the magical moments that we dream of.
    Today they are considered enemy of the people, how about that for a conselation prize.
    I read that Angela Merkel wants to go before the next election in 2017. Has she & her incredibly supportive husband had enough, or are they being pushed do you think. But more important who will replace them ?

  3. R Davis says:

    Just by the way :
    I happened to listen to Lagarde give a talk
    Just to make sure I heard correctly I listened to another talk that she gave
    It was all just gobbledygook
    She talks nonsense – how ever di she get on in life with such limited speaking abilities ?
    I know it sounds nasty of me – but hey – she is head of the IMF.
    Surely one needs to be a bit more intellectually competent.

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