Posted by the Slog
The oddly twisted logic of the Troika knows no bounds
First of all we had the Belgo-Prussian insanity of treating an
economic recession throughout ClubMed with fiscal strangulation of
demand. Then we had Dodo and Heini plus Lafarge of the IMF taxing those
with no money when the folks with a little money couldn’t cough up
enough. Now there’s a new approach: if they don’t have any cash, let’s
go for the savings. And as the Cyprus heist seems to have taught the
Troikanauts one thing – don’t be too public about embezzlement – the
idea now is to quietly filch the money direct from the pension supplier.
Life now in the EU is all about “cut out the middle man”.
This from a source in Athens this afternoon, in relation to the grudgingly resumed Troika/Samaras Government negotiations:
“The Troika is after confiscating private pensions, while covering up
the collapse of pension funds in the absence of contributions. This
“black hole” in Insurance funds is expected at the end of the year to
reach €2 billion. This is because unemployment reached 30%, wages
collapsed to 500 euros, and nobody in the corporate sector is keeping up
employer contributions. So now the Troika wants to start with pensions
of the self-employed, confiscating around €50 million in the first wave.
Estimations of the average pension cut are in the region of €220.”This is a cunning move on the part of the mobsters: not quite enough for anyone to notice….and when the shortfall comes to light, they can plead “adverse market conditions”. Sociopathy works better when there is sleight of hand in the shadows.
A confirmatory source suggests that this might also explain other moves during the last 48 hours. Stay tuned.
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