Thread: The Colonization Begins: Germany May Send 160 Tax Collectors To Greece

The Colonization Begins: Germany May Send 160 Tax Collectors To Greece


Submitted by Tyler Durden on 02/25/2012 12:52 -0500

Since the European colonial state of southern Bavaria Sachs (formerly known as the insolvent Hellenic Republic) no longer even pretends to be anything less than a pass-thru funding colony of its creditors, said creditors (European banks and various insurance companies) are about to send out the first group of colonial scouts in the form of German tax collectors. Also, since as reported previously, Greece will literally have to collect taxes to fund the Second "bailout package", which is merely a front for on ongoing Greek bailout of European banks (recall that it is Greece who is partially funding the bailout Escrow Account), said tax collectors will assist their Greek counterparts (who will rather likely miss their quote of becoming 200% more efficient in 2012) in collecting money from Greek citizens to pay off German banks. If in the process a few (or all) bars of gold end up missing, so be it.

From Athens News:

More than 160 German financial services executives are willing to come to Greece in order to strengthen the Greek tax mechanism, according to a report to be published in the German magazine 'Wirtschafts Woche', which will be released on Monday.

The magazine cites German deputy finance minister Hans Bernhard Beus, who explains that a key factor is the knowledge of a foreign language - some of them speak Greek - while the return to active duty of retired tax collectors should not be ruled out.

Many come from the state of North Rhine-Westphalia, whose finance minister, Norbert Walter-Borjans, compares Greece's with 90s East Germany, noting that even the East Germans at the time were suspicious towards the West. "In Greece suspicion will be greater, in part because of the inappropriate language used by some in Germany," he said.

The article also refers to a confidential report from the European Commission, according to which the mechanism of tax collection in Greece is especially problematic.

What "problematic"? If it is not clear by now that the Greeks will happily do nothing to change their predicament (and in fact have exhibited a soaring appreciation for their new stepmother-tongue), this will be literally easier than stealing rehypothecated candy from an insolvent baby.

Ironically, the popular German response in the form of comments at German daily Spiegel is widely adverse to this latest now blatantly open attempt at colonization by a few German "leaders", who just like in every other insolvent developed country, operate solely at the behest of their banker funders.

We fear that such incursions into national sovereignty will only accelerate... until they are finally halted, very violently, and very tragically.

The Colonization Begins: Germany May Send 160 Tax Collectors To Greece | ZeroHedge

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Mark Grant On The Greek Annexation



Submitted by Tyler Durden on 02/25/2012 14:30 -0500

Submitted by Mark Grant, Author of the Financial Commentary: "Out of the Box"

"He also said that the European Commission, the EU's executive arm, would be installing its own officials at Greek ministries to provide technical assistance and monitoring on a permanent basis on the ground in Athens."

This is a quote from the article attached. I think it can be now said that Greece has been annexed by Europe. There is a separate article today where Germany is going to send some of its tax collectors to Greece. As Germany is refusing to increase the funds for the ESM or the EFSF; the IMF is demanding it as a precondition of additional aid. The G-20 meeting appears not to provide any further funds for Europe until Europe has provided more themselves. It is getting down to a "shut-up or put-up" moment for Germany as there is obvious serious dissension in the German Parliament on the next round of the Greek bailout package and also difficulties in the Parliaments of Finland and the Netherlands.

My advice is to put all of the headlines aside because they are not accurate. No deal has actually been struck and there is just the possibility of one at present. The PSI is also nowhere near certain. There has certainly been a proposal made with innumerable and probably impossible conditions to be met by Greece including a demand for a Constitutional change, which under the current Constitution, cannot even be voted on until 2013. I often wonder if Europe really wants to bail Greece out or if Germany is not forcing so many conditions that they are trying to have them exit the Euro on their own so the Germans are not seen as the Lord High Executioner; to quote Mr. Gilbert & Sullivan.

[ZH: close - Germany is likely hoping that Greek creditors holdouts, as discussed here a month ago, will block the PSI transaction, and as a result push Greece into insolvency. This would achieve the German goal, and further shift the blame on "evil speculative hedge funds" (we can already see the Nancy Pelosi statement), who however will receive assurances from the proper channels that nothing bad will befall them even as they are blasted in public.]

The debt payment of March 20 looms for Greece while the IMF now says they will not discuss their part of the Greek loan until March 13. If the IMF only funds $17.4Bn as suggested by the German Finance Minister then the Eurozone will have to come up with even more money which no nation in Europe has yet approved. At then end it is going to get quite messy in my opinion with so many forces converging at the March 20 juxtaposition. You may hold what opinion you like about all of this but I urge caution and some additional cash on your table as this may not play out how anyone expects it.

"Very few beings really seek knowledge in this world. Mortal or immortal, few really ask. On the contrary, they try to wring from the unknown the answers they have already shaped in their own minds -- justifications, confirmations, forms of consolation without which they can't go on. To really ask is to open the door to the whirlwind. The answer may annihilate the question and the questioner."

-Anne Rice

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Source:
Global Finance: EU's Rehn: G-20 Must Provide Roadmap For Extra IMF Contributions
2012-02-25 18:06:48.508 GMT
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Mark Grant On The Greek Annexation | ZeroHedge