Either Sarkozy is completely incompetent or completely crazy or pumping out propaganda for an as yet, undisclosed purpose.
The People’s Daily Online says
French President Nicolas Sarkozy and German Chancellor Angela Merkel announced on Monday their consensus on the necessity to impose sanctions against eurozone members that violate the European safe standard of budget deficit.
Has Sarkozy not been paying attention to the Greek situation for the last 3 years?
If Euro members do not keep their finances under control they cannot borrow in the money markets and they are forced to cut back.
If countries cannot borrow in the money markets they are starved of financing and risk all out default.
What more sanction does Sarkozy want?
The markets have bigger sanctions than Sarkozy could ever hope to implement.
What Sarkoy is really saying here is that he wants there to be less sanctions against Euro countries that have badly managed finances.
Sarkozy is saying the sactions that the markets can dish out are too severe and that he wants less sanctions not more.
Sarkozy is saying that he does not want countries to feel the full force of their financial mismanagement, he wants Europe to step in with ECB financing to cushion the country from the real sanctions.
And why does Sarkozy want this?
To protect the banks. The banks pay the highest price when a country defaults. Banks are the first businesses to go out of business when a government can’t pay it’s bills.
As I have said before, I believe Sarkozy is an agent of the central banks and his mission is to protect them.
The “sanctions” Sarkozy wants to bring in are desgined to limit the damage to banks when countries run into trouble. The people can endure all the difficlutlites they can handle but the multinational corporations and banks that are in bed with the government should be bailed out by taxpayers.
When Sarkozy says he wants sanctions on Euro countries who mismange their finances what he really wants is less sanctions.
What Sarkozy really wants when he says he wants “sanctions” is that he wantas to protect banks from the turmoil caused by their reckless lending to governments.
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