APRIL 2015 / NO. 2
TAGS: EU, IMF, ECB, GREECE, ELITE, LEADERSHIP

The ventriloquists of the elite from the EU, IMF and ECB

“According to the press officers, the ventriloquists of the elite from the EU, IMF and the ECB, Greece has recovered! Please do not be so naïve as to believe this. Also blame the media, they are completely uncritical about reality”
In April 2014, many TV and radio broadcasts and publications in the media informed us that Greece had recovered. We must admit that the elite of the EU, IMF and ECB put considerable effort in the media to mislead European citizens that the Greek economy was improving. Why do they take Greece as example? Because the euro crisis started with Greece in October 2009 with the announcement that Greece was not facing a budget deficit of 3.7% but of 12.7%. However, the real figure was 15.7%. What else is the elite not telling us?
  • The first loan in April 2010 was € 110 billion. A second loan of € 240 billion followed in March 2012
  • In April 2014, the EU, IMF and ECB stated that Greece had a surplus of € 0.5 billion. In fact, Eurostat calculated a deficit of € 17 billion
  • Retail sales decreased in 2013 by 8.1%
  • Investments in 2013 were 12% of GDP (almost the lowest percentage in the world)
  • The GDP decreased by 7% in 2013
  • The total national debt, € 320 billion, is 175% of GDP
  • National unemployment in 2014 was 28%
  • Around 66% of young people are unemployed
  • Around 1 million employed get their salaries with delays of up to 12 months
  • Salaries were cut by 50% during the crisis
  • 3 million people do not have access to healthcare
  • 300,000 children do not have access to healthcare
  • Deflation in March 2014 was 1.5%
  • Since 2010, Greece’s National Income decreased by 15%

Why doesn’t the elite provide correct information?

The reason is simple: the European Parliamentary Elections in 2014 are the reason why Greece and the EU elite allow the Greek government to manipulate the statistics yet again. The EU wanted us to believe that they contributed to Greece’s recovery by means of fierce budget cuts, privatization and liberalization. This, however, was not a solution but made the crisis worse!

Strategic intelligence

The core activity of our consultancy firm is to deliver strategic intelligence to our clients, namely delivering perspectives over and above facts. It is unthinkable to us mislead in the way the EU, IMF and ECB are regarding Greece. We hope and assume that you will stare reality straight in the eye in line with the sentiment in the statement below. It is certainly disappointing that the EU lacks leadership, vision, strategic thinking to such an extent, and suffers above all from a tremendous inability to act.
“The task of management is to stare reality straight in the eye and have the courage to act”, Jack Welch
Dont miss out on our Intelligence Briefings. Subscribe to these free Intelligence Briefings by clicking HERE.
If you like to read our previously published Intelligence Briefings, please click here.