Opinion: European Commission (EU_Commission) on Twitter – Is this deliberate dys-information?

Yesterday, by far my most popular blog was entitled European Commission (EU_Commission) on Twitter – Where’s the strategy guys?.

So I thought that I would take another look this morning and see what the European Commission were discussing on Twitter. Take a look for yourselves by opening the following link:

via European Commission (EU_Commission) on Twitter

Personally, with record unemployment in Europe, absence of cohesive foreign, economic, defense and energy policies, I was amazed to see that the mighty European Commission was giving top priority to a smartphone app for road traffic updates. Surely, some joker is taking the “**ss”?

Do the unemployed, especially the millennials in Southern European, countries like Cyprus, really want to know about smartphone apps? Surely, Southern Europe’s millennials, who have probably been denied work and social normality are more interested in reversing the EC’s erroneous policies of excessive austerity? What about investment in Cyprus energy sector, for example?

I realize that the European Commission is urgently awaiting a new leader on Friday, following the vote that David Cameron has forced.

This brings me to an open question:

European Commission

European Commission (Photo credit: tiseb)

Is the European Commission pumping dys-information to deliberately deflect away from it’s absence of leadership, focus, strategy, as well as inefficiency and  ineffectiveness?

Any thoughts?

The IMF’s false confession | Ashoka Mody at Bruegel.org

 

Deutsch: Dr. Angela Merkel Bundeskanzlerin der...

Deutsch: Dr. Angela Merkel Bundeskanzlerin der Bundesrepublik Deutschland Vorsitzende der CDU Deutschlands (Photo credit: Wikipedia)

This is a MUST READ article by Bruegel, the think-tank. Check it out!

via The IMF’s false confession | Ashoka Mody at Bruegel.org.

Personally, I tend to agree with the main thrust of the article.

I have always felt that Christine Lagrande, the IMF Managing Director was playing politics, rather  than stressing the independence of the IMF’s economic arguments. For example, for me Christing Lagrande is far too close to Angela Merkel, the German Chancellor. Actually, Merkel brought the IMF into give economic backbone to the policies of the European Commission and the ECB, now known as the troika. Also the IMF played to German political interests in supporting the draconian Cyprus solution.

For me, the bias at the IMF is a far greater threat than forcasting errors.

Let me turn this to an open question:

 Why has the IMF not apologized to Cyprus for the damage done to the Cypriot economy by the troika?

Any thoughts?

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