European parliamentarian accuses France and Germany of forcing Greece to buy billions in arms in exchange for bailout money.

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John99's picture
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European parliamentarian accuses France and Germany of forcing Greece to buy billions in arms in exchange for bailout money.

'Greece being forced to buy arms'

Sat, 08 May 2010 02:25:38 GMT
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Daniel Cohn-Bendit

A leading European parliamentarian has accused France and Germany of forcing Greece to buy billions of euros in arms in exchange for their bailout money.

France and Germany, while publicly urging Greece to make harsh public spending cuts, bullied its government to confirm billions of euros in arms deals, Franco-German lawmaker Daniel Cohn-Bendit alleged on Friday.

The accusation drew a stern denial from the French government.

Cohn-Bendit said he had met last week in Athens with Papandreou, a long-time friend of his, and accused German Chancellor Angela Merkel and French President Nicolas Sarkozy of blackmailing the Greek leader.

Cohn-Bendit accused France and Germany of making their contributions to an IMF-led rescue package for the debt-ridden Greek economy contingent on Athens honoring massive arms deals signed by Papandreou's predecessor.

"Mr. Fillon and Mr. Sarkozy told Mr. Papandreou: 'We're going to raise the money to help you, but you are going to have to continue to pay the arms contracts that we have with you,'" Cohn-Bendit said.

On Friday, eurozone leaders approved a 110-billion-euro Greek aid package in an emergency summit in Brussels.

The meeting was held in an effort to restore confidence in the euro after the Greek crisis rattled financial markets worldwide.


DrKrbyLuv's picture
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Re: European parliamentarian accuses France and Germany of ...

Thanks for the post john...

The system is working exactly as intended.  The international banking cartel, through the IMF and BIS, understand the mathematics of a debt based system and realize the interest debt grows exponentially and is now beyond the tenable support of the GDP of most nations.  This is not a problem for the banking cartel, it is their modus operandi.  

We can see how Greece is quickly losing what sovereignty they may have had as the heavy hands of the IMF are wrapping around their national throats.  On top of the austerity sacrifices that the people are being forced to make (to bail out malevolent banks and corrupt politicians) they will be forced to fund weapons that are will be turned against them.

Fortunately, there are solutions...Greg Palast: "Remove the bloodsuckers"

IMF, WTO and the World Bank: transnational economic parasites that bring entire nations to ruin

The solution to the Greek crisis, and the global debt crisis, is simple according to investigative reporter Greg Palast. In his 2001 article called "The Globalizer Who Came In From the Cold," Palast suggests that we should "remove the bloodsuckers," who are the global financial wizards that work at the IMF, WTO and the World Bank and practice the art of dark finance.

Palast details the step-by-step plan of how these transnational economic parasites bring entire nations to ruin, which he learned after he gained a hold of some precious World Bank documents that laid out the banksters' game-plan of how to harness the financial will of sovereign nations and use it against them. Palast also talked with Joseph Stiglitz, the former Chief Economist of the World Bank and a Nobel prize winner, for the piece. 

  1. Step one, Palast recounts, is 'Briberization," and it involves the criminal global financiers paying national leaders of poverty-stricken nations hefty amounts of dough for the direct sale of public assets to oligarchical corporations and private foreign banks. All the illegal dough of the traitorous leaders is then safely stashed in secret Swiss bank accounts, miles and miles away from the nation's angry citizens whose livelihoods and incomes are stripped in the process.
  2. Step two is what is referred to as the "Hot Money" cycle by Stiglitz. This is how the cycle works, as described by Palast, "Cash comes in for speculation in real estate and currency, then flees at the first whiff of trouble. A nation's reserves can drain in days, hours. And when that happens, to seduce speculators into returning a nation's own capital funds, the IMF demands these nations raise interest rates to 30%, 50% and 80%." Step two is mainly about hijacking of pension funds, gutting employment benefits, and other social safety nets that people work all their lives for.third step into effect, which is a sharp rise in food and gas prices, and other commodities that keep a nation running from day to day on an even keel.
  3. Step three, Stiglitz brands as "The IMF riot." It is attributed to the IMF because they basically engineer the collapse through their crippling policies and proposals for social spending cuts, which create the conditions for riots, public rage and civil unrest.  The IMF riots (and by riots I mean peaceful demonstrations dispersed by bullets, tanks and teargas) cause new panicked flights of capital and government bankruptcies. This economic arson has it's bright side - for foreign corporations, who can then pick off remaining assets, such as the odd mining concession or port, at fire sale prices.

"The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks." -- Lord Acton


Subprime JD's picture
Subprime JD
Status: Platinum Member (Offline)
Joined: Feb 17 2009
Posts: 562
Re: European parliamentarian accuses France and Germany of ...

The greek people arent stupid. They know that the IMF will leave them in a stranglehold. They will successfully revolt!

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