When Angela Merkel finally decided to tell
the truth about the uselessness of the Troika,
she let go a cryptic message, but I got the
meaning that she intended.
When she said that the Troika just buys time,
we're supposed to think of the
poor country X
that cannot survive without German largesse.
Actually, it is German banks that are being
kept from bankruptcy. You see, if the ECB does
not keep handing money to Deutschbank for
one day, it will go tits-up.
checkit: Newsit.gr
Merkel: The troika is your only helps you "buy" time! The programs of financial aid from the European Union and the IMF "just buy time" for countries ! that was said by Angela Merkel ...
Each country should take care of itself for the necessary reforms, said the German chancellor.
"We have not yet fully come out of the crisis," said German Chancellor speaking at a conference on "Consumer Day" and added that "trust disrupted significantly 'lately.
It further noted that the reliability can only be recovered from any eurozone nations separately, with the consolidation of budgets and implementation of reforms. Troika programs "can only buy time," he said.
