The Grand Plan of the European North for the European South

It's very simple. The US has NAFTA with cheap resources from Canada and low labor from Mexico. China has an inhouse cheap market although how long that will last remains to be seen. Europe also needs a cheap labor market : the answer is the European South (which includes Ireland).

The so called PIGS together, once properly marinated, will indeed provide the cheap labor that the north is looking for. Because of low demographics, one country can't fulfill this cheap labor role; but the Balkans combined with Italy, Spain and Ireland are more than enough to provide the North with its required low cost labor. The big experiment is of course Greece but once that proves workable, the IMF etc... German pushed formula will be copied to the PIG countries.

The South differs from the North both nationally, culturally and racially since the North is comprised primarily by Germanic and Germanic related nations while the South is composed of Non Germanic and non Germanic related nations; nations which include Latins, Celts, Greeks, and the other Balkan powder lot.

If things go as planned, the Eurozone North will have its free lunch since it will get access to once expensive beach side real estate at a bargain price; not a bad way to come out of a crisis in addition to charging negative interest on ones bonds.

The Southern politicians seem to support this strategy...for now. It remains to be seen for how long the Southern peoples will accept to pay debts that there governments incurred and are now obliged to pass on to the populace.


Natural resources still remain a problem for Europe.

P.I.G.S.

Dear friends : do we look like pigs to you?

Thousands of Greeks Protest in Central Athens

Greek residents, following their Spanish counterparts, organized a protest via facebook and amassed in Central Athens today protesting the Greek government's austerity measures and the memorandum issued by the IMF (international Monetary Fund) and the European Union.

The Greek government announced on Monday the sell off of a number of public corporations including Helenic Telecom (OTE) as well as the Hellenic Post. These measures which were assembled in a haphazard manner reflected the government's reluctance to tackle the real issue beleaguering the country, that being the core public sector costs where employment is protected by the constitution.

About twenty thousand Greeks have so far assembled in central Athens outside the Hellenic Boule, or Greek parliament buildings. Similar protests are taking place in other Greek cities notably Thessaloniki Macedonia and Patra Achaia.

The protesters have maintained that the protest will be carried out in a peaceful manner, without any hidden intentions leading to violence or catering towards anarchy.

The Greek protest is an awakening to the calling of the peoples of Spain for the Greeks to wake up and take control of their destinies.

"YA ES HORA"

Dominique Strauss Kahn, DSK, charged with sexual assault or rape

Dominique Strauss Kahn, or DSK, or the head of the IMF ( International Monetary Fund), or the candidate for the French Socialist Party and perhaps the French Presidency, is charged with attempted assault, or rape, on a lovely chambermaid. The incident took place at the Sofitel in downtown New York City, USA.

Of course DSK , a well known admirer and lover of the fair sex, is innocent 'til proven guilty but some figure that this charge may damage his career, his current imf position, his political aspirations, and mayhap his current handling of the Greek crisis and Merkel negotiations. Do you figure he was set up? Naw, just cheap conspiracy theories.

What remains to be seen aside from the results of DSK's trial are the impacts to the Greek crisis, the Eurozone and of course as a chain reaction due to any downward spiral, the world economy including the impacts to Canadian banks (exposure to Irish bonds) and of course the Chinese economy (USA impact from Eurozone turmoil overspilling to the Chinese economy.).

For an answer on the motivation of things, check out The Godfather Part II and specifically the friction between the mafia godfather and the US Senator.

Greece, Papandreou, Strauss Kahn, IMF and Lazopoulos

Aside from all the controversy the questions remain:
Was Greece’s request for IMF assistance a pretext for IMF entrance into the Eurozone?

Did Greece have the luxury of not going to the IMF considering the reluctance of Europe to proceed with immediate assistance, and the unavailability of proper mechanisms at that time to deliver such assistance?

The situation can be seen from two points of view : The IMF intervention after request from Greece (with the blessing of the Eurozone) introduced new mechanisms which are now being applied to Portugal and actually saved a chain reaction since Greece would’ve been the first country in the Eurozone to go bankrupt with unforeseeable results for the entire continent. Or, Greece had other options (no one cares to state them, however European assistance at that time was out of the question) and the IMF was not necessary implying that Greece was used as a back door for the IMF and American Economic Policies to make their way into the Eurozone, which generally leaves much to be desired (the Eurozone) in terms of a consolidated strategy.

So Greece, depending on the circumstances, may have saved or damaged the Eurozone. One must remember that it took a couple of calls to Obama in order to get Germany to show a more flexible stance towards the expected economic havoc. Also, the Greek debt, which still hasn’t been classified since some of it may be illegal and not a debt at all, was formed by Greek political favoritism towards certain Northern European companies which used bribery as primary closure mechanisms.