One of the recurring concerns involving Europe’s seemingly perpetual economic, financial and social crises, is that these have been largely predetermined, “scripted” and deliberate acts.
This is something the former head of the Bank of England admitted one month ago when Mervyn King said that Europe’s economic depression “is the result of “deliberate” policy choices made by EU elites. It is also what AIG Banque strategist Bernard Connolly said back in 2008 when laying out “What Europe Wants”To use global issues as excuses to extend its power:
- environmental issues: increase control over member countries; advance idea of global governance
- terrorism: use excuse for greater control over police and judicial issues; increase extent of surveillance
- global financial crisis: kill two birds (free market; Anglo-Saxon economies) with one stone (Europe-wide regulator; attempts at global financial governance)
- EMU: create a crisis to force introduction of “European economic government” Continue reading
Consisting of representatives of the International Monetary Found (IMF), the European Central Bank (ECB) and the European Commission, the Troika “was supposed to become an auxiliary government and audit court with permanent rights of intervention”. But, Martens writes, the name “Troika” and possibly even the composition of the control group will be changed. Even European Commission President Jean-Claude Juncker is said to be in favor, as the EU did not like the IMF’s involvement in its affairs, and the ECB “was never convinced of its own role” in the Troika.