The unholy troika of austerity

Well done John Ward of the Slog – we knew the basic outline of the situation but kudos to him for putting the meat on it.   I shan’t reprint it as you need to go to The Slog really to read the whole thing.   Some excerpts:


EXCLUSIVE: Christine Lagarde, Evangelos Venizelos,Troika austerity aims, and German corruption

by John Ward

Berlin-am-Brussels’ real motives, and the odyssey of the Lagarde Tax-Dodgers List, are raising questions throughout the eurozone this afternoon. We could be about to witness the scandal of all scandals.

Christine Lagarde became head of the IMF in 2011. Before that – when she was the Minister of Finances for France – she illegally obtained a copy of 24,000 EU tax dodgers who’d deposited their ill-gotten gains at a branch of HSBC in Switzerland. The list, on a USB memory stick, was stolen from HSBC by a whistle-blowing employee.

Some time during the Autumn of 2010, France’s very poor answer to Carol Vorderman handed over the stick to Greek Finance Minister Papaconstantinou. It’s still unclear as to why she did this, but the chances are that she now regrets doing so. Either way, Papaconstantinou  handed it to the Financial Crimes Unit (SDOE). And when Evangelos Venizelos became Finance Minister the following year, SDOE in turn gave him a copy.

Yes, surprise surprise….wherever there is graft, there is Venizelos. Evangelos the Large did nothing at all about the list. He claims now that he did nothing “because it had been obtained illegally”. And if you believe that, then you’d believe anything Lord Mandelson might say.

However, for reasons which are also unclear, Mr Venizelos suddenly remembered his list yesterday morning….and handed it over to Prime Minister Samaras.

The response  of SDOE was almost immediate. Around 10.30 pm last night,  John Sbokos – ex  Secretary to the Directorate of Armament – was arrested by the Financial Crimes Unit. They did it in a hurry because somebody inside Pasok tipped Sbokos off about the handover, and SDOE in turn were tipped off that he was about to do a runner. Mr Sbokos was very close to Akis Tsohatzopoulos, the former Greek Defence Minister. He’s in prison because of his corrupt role in the ‘buy two subs just get one’ scandal.

This scandal in turn implicates a large number of movers and shakers in the German elite.

And then:

A number of medium and short-term riddles remain: Why is the austerity insanity ploughing ahead in the face of a Tsunami of contrary evidence? Why did Berlin in 2009 ask Papandreou to exaggerate the deficit problem? Why did Lagarde hand over the list originally? Why did Venizelos choose now to hand it over?

It’s yet another continuing saga of deception and distortion to which we should all stay tuned.

If you want to see the corruption of Germany, start by exploring Bertelsmann and the German Health Authority and also its connection with Belgium.   Most of the European nastiness has come out of that corner of Europe since the turn of the previous century but that’s another series of posts in itself.


5 comments for “The unholy troika of austerity

  1. October 3, 2012 at 5:43 pm

    One after another they fall, long may it continue.

    When will they ever learn…that those who simply implement the forced change of others are never in control, nor untouchable. As the destructive and corrupting work that they have done for their greedy ill gotten gains nears completion, they always become expendable…

    Well done to John Ward, for I doubt you will see much of this in a newspaper.

  2. October 3, 2012 at 8:59 pm

    Just one section of the elite eliminating their competition thereby increasing their share of the spoils.

    When the elite fall out with each other, us “plebs” at the bottom of the food chain usually cop the fallout.

    It’ll end in war I tell Ya.

  3. October 3, 2012 at 9:34 pm

    Think you might be right.

  4. October 4, 2012 at 7:09 am


    Interesting final point regarding Bertalsmann, as it was they, who having bought out the publishers Macmillan (the family publishing firm with connections to former PM Harold of that name) had that company withdraw their previous agreement to publish my novel Millennium Blitzkrieg in England, which fictionalised a conspiracy by shady Germans to take-over Europe using the EU and culminating in 2014!

  5. Rossa
    October 4, 2012 at 7:18 am

    John Ward went on to post about this report on ZeroHedge about 22m euros missing at the ECB. The key point being that regardless of the amounts involved they don’t know what the assets or liabilities are, where they’ve come from and who ultimately owns them or is liable.

    One suspicion is that they are desperately trying to monetise the debt to keep the MoU in place.

Comments are closed.