Yanis Varoufakis faces criminal prosecution over clandestine ‘Plan B’ currency plot – Telegraph

This is a must-read article from the Telegraph. Check it out!

via Yanis Varoufakis faces criminal prosecution over clandestine ‘Plan B’ currency plot – Telegraph.

Personally, I think that Yanis Varoufakis should face a criminal prosecution. Certainly, many people feel that his arrogant behavior showed a disdain for law and order. Greece suffered much pain and loss directly because of the errors of judgement of Varoufakis. Simply, if he committed criminal actions, then he should be brought to account like any other citizen.


Opinion – The birth of European macroeconomics | Ashoka Mody and Dae Woong Kang at Bruegel.org – John Gelmini

English: The Fall of the Berlin Wall, 1989. Th...

English: The Fall of the Berlin Wall, 1989. The photo shows a part of a public photo documentation wall at Former Check Point Charlie, Berlin. The photo documentation is permanently placed in the public. Türkçe: Berlin Duvarı, 1989 sonbaharı (Photo credit: Wikipedia)

As Dr Alf knows, politics subordinated economics a long time ago.

Monnet, when he conceptualized a United States of Europe in 1944, wanted a single Government and a single currency and that has been the project ever since.

The idea of a Europe which genuinely created jobs and prosperity for all Europeans has never been the objective of the Eurocrats, as evidenced by the fact that the EU has failed to deliver on any of the promises which were made for it from the 1975 Referendum to the present day. We were promised millions of new jobs yet not a single nett new job has been created other than in Germany. We were told that there would be no more wars in Europe–Chancellor Kohl’s recognition of Bosnia ensured that we had one including massacres, ethnic cleansing and a shattered Balkans. He secretly channeled £1 billion gbp to the Croatians on top of arms which were used to ethnically cleanse the area of Serbs who had lived in Krajina for more than 100 years.

We were told about the single currency and a “new financial architecture ” by Gordon Brown who under instructions from the Bilderberg steering committee shipped half our gold reserves to Germany. On the gold that remained he lost billions selling it at the wrong time yet spoke of “prudence with a purpose”.

As an exercise it has been an unmitigated disaster because Europe does not make the “traffic lights turn green” in Washington and Beijing, nor does it “punch above it’s weight. Finally, even German MPs have recognized that Germany’s Chancellor has seriously damaged Europe by putting German self-interest above European solidarity – the cracks are getting bigger.

John Gelmini