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.
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?
But 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.
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.