Greece bailout conditions..say goodbye to sovereignty
http://www.businessinsider.com/greek-bailout-will-require-loss-of-sovereignty-2011-5
Big news on the Greece front: In order for the country to get future bailout money, the country will have to give up some sovereignty.
Specifically, according to a bombshell FT report, outside authorities will take over various functions related to tax collection (a big time problem in Athens) and privatizations.
None of this is certain yet. It’s just what’s on the table, and no doubt politicians in the country will flip out.
But every attempt to cut the deficit has failed so far, and the powers that be in Europe (EU, ECB, IMF) are adamantly opposed to any kind of debt restructuring that would trigger a credit event, and imperil European banks.
Meanwhile, there were already huge protests in Athens today. Things are moving fast.
———–
“outside authorities will take over various functions “
and that friends, is the ball game..the end is clear now..this will be the blueprint for other countries..
401
did you already read this?
http://coveringdelta.wordpress.com/2011/05/29/accusations-of-treason-in-the-greek-parliament/
it’s all over down there, but still not in msm!
guess they will need some rope
its on..
Now this is a story that smacks of conspiracy.
conspiracy becomes fact..