RadioRaheem84
12th May 2010, 20:59
http://www.zimbio.com/Jose+Luis+Zapatero/articles/5iRAIrUSVSp/Spain+Blames+Economic+Crisis+Anglo+Saxon+Conspirac y
Professional currency speculators are attacking the Euro and using the PIGS (Portugal, Ireland, Greece, Spain) nations as a whipping boy to get them to roll back the extensive social welfare public programs. Now the IMF is at Greece's door. The words 'structural adjustment' have been used on a first world nation.
What we are witnessing is the same "structural adjustment programs" that the first world forced on the third world now coming to the weakest of the first world nations!
Everyone from Obama to the Greek President is calling for "austerity" in the PIGS nations, which basically translates to the working masses having to pay for the misguided investments by rich bankers, investors and their corrupt Government. This is the type of stuff they ask countries like Indonesia to do. Yet, were these not the "miracle" nations that came back in the 2000s, promoted by both left and right politicians as the pinnacle of success with their "sturdy" investments in price asset inflation?
Zapatero believes it to be a huge conspiracy between the media to downgrade the Spanish economy and aid speculators. The English language media has been reporting day in and day out that it was because of the "socialist" policies of the PIGS nations that led to the crisis, not the derivatives markets or the currency speculation that occurred afterward.
http://www.reuters.com/article/idUSTRE6222HA20100303
Even the US Justice Department is looking into the claims that hedge funds conspired to downgrade the Euro. Funny how George Soros Fund is also in the list of suspects.
The Greeks and the French are investigating too.
Professional currency speculators are attacking the Euro and using the PIGS (Portugal, Ireland, Greece, Spain) nations as a whipping boy to get them to roll back the extensive social welfare public programs. Now the IMF is at Greece's door. The words 'structural adjustment' have been used on a first world nation.
What we are witnessing is the same "structural adjustment programs" that the first world forced on the third world now coming to the weakest of the first world nations!
Everyone from Obama to the Greek President is calling for "austerity" in the PIGS nations, which basically translates to the working masses having to pay for the misguided investments by rich bankers, investors and their corrupt Government. This is the type of stuff they ask countries like Indonesia to do. Yet, were these not the "miracle" nations that came back in the 2000s, promoted by both left and right politicians as the pinnacle of success with their "sturdy" investments in price asset inflation?
Zapatero believes it to be a huge conspiracy between the media to downgrade the Spanish economy and aid speculators. The English language media has been reporting day in and day out that it was because of the "socialist" policies of the PIGS nations that led to the crisis, not the derivatives markets or the currency speculation that occurred afterward.
http://www.reuters.com/article/idUSTRE6222HA20100303
Even the US Justice Department is looking into the claims that hedge funds conspired to downgrade the Euro. Funny how George Soros Fund is also in the list of suspects.
The Greeks and the French are investigating too.