The double standards of the European Commission were again exposed today when the Commission stepped in to tell Greece’s Supreme court not to put the statistics chief Andreas Georgiou on trial for his role in inflating the figures on the country’s budget deficit in 2009 to allow for crushing bailout conditions profiting the private banks.
Readers of my blog will recall that the European Commission Media chief wrote to me just last week telling me that while my case in Greece sounds serious, it is outside their remit to stop the perversion of the course of justice. But who am I, after all? I am just the journalist who accurately warned people about the risks of the swine flu vaccine in 2009, since confirmed by the UK, Norway, Sweden, Finland, and other countries, helped defused the hyped Ebola epidemic in 2014, and have explained how fractional reserve system works, and even translated a key report explaining this scam by Vienna Economics Professor Franz Hoermann on this blog.
That is to say, I help the average person in Europe stay healthy and solvent while Georgiou helps the criminal private banking elite and, therefore, deserves protection from the European Commission. No problem ,then, for the European Commission, mired in Third World style corruption, if Greek government officials have been caught in the gigantic scandal of conspiring to pervert the course of justice and in such a way as to give me a lethal penalty under the pretext of giving me justice in a trial against the last two others who tried to administer a lethal penalty to me in November.
The revolving door between the EC officials and the private banks is well known. The former European Commission President Jose Manuel Barroso, who oversaw the fractional reserve banking fraud and economic destruction of Greece, is set to take up a job in Goldman Sachs, the very bank accused of masking the debt of Greece to push the country into the bailout.
The Supreme Court should expand their probe to include Barroso, Goldman Sachs bankers, George Papandreou and George Soros.
From The Independent…
Goldman Sachs faces the prospect of potential legal action from Greece over the complex financial deals in 2001 that many blame for its subsequent debt crisis.
A leading adviser to debt-riven countries has offered to help Athens recover some of the vast profits made by the investment bank.
The Independent has learnt that a former Goldman banker, who has advised indebted governments on recovering losses made from complex transactions with banks, has written to the Greek government to advise that it has a chance of clawing back some of the hundreds of millions of dollars it paid Goldman to secure its position in the single currency.
Greece managed to keep within the strict Maastricht rules for eurozone membership largely because of complex financial deals created by the investment bank which critics say disguised the extent of the country’s outstanding debts.
Goldman Sachs is said to have made as much as $500m from the transactions known as “swaps”. It denies that figure but declines to say what the correct one is.
As I wrote about Andreas Georgiou on this blog five years ago…
“Greeks are increasingly aware they are the victims of a loan sharking banker’s scam. Greece’s statistics chief Andreas Georgiou is facing life in prison for exaggerating the country’s fractional reserve paper debt in order to lock the country into a punitive EU bankster bailout and push up the interest payments to banks.
Greece has seen its national debt more than double s since it was forced into the EU bailout programme in 2010. The austerity cuts have destroyed the economy but enriched the banks.
Plans to cut a total of 150,000 public sector jobs by 2015 will not reinvigorate the economy because the money saved by the cuts with be drained from the real economy to pay foreign creditors. “[ ] cuts to the minimum wage will have a knock-on effect because they will lead to a 1.3-billion drop in tax revenues and a 2.4-billion reduction in social security contributions.”