"I know I was a
little skeptical about the optimism of the leaked Troika report, but considering
how accurate those EU/IMF guys have been in the past regarding Greece, I should
be ashamed of myself for even considering the possibility of doubting my
betters, eh? Simply reference Lies, Damn Lies, and
Sovereign Truths: Why the Euro is Destined to Collapse!...
This
document/blog post alone should serve to sink the Euro and blow out CDS spreads
for several European sovereign. Why? Because the truth hurts and the truth is
not what has been coming from European sovereign states as of late.
The
IMF and the EU have been consistently and overtly optimistic from the very
beginning of this crisis. Their numbers have been dramatically over the top on
the super bright, this will end pretty, rosy scenario side - and that is after
multiple revisions to the downside!!! We can visit the US concept of regulatory
capture (see How
Regulatory Capture Turns Doo Doo Deadly and Lehman Brothers Dies
While Getting Away with Murder: Regulatory Capture at its Best) for the EU,
but due to time constraints we will save that topic for a later date. To make
matters even worse, the sovereign states have taken these dramatically
optimistic and proven unrealistic projections and have made even more optimistic
and dramatically unrealistic projections on top of those in order to create the
illusion of a workable "austerity" plan when in reality there is no way in hell
the stated and published plans will come anywhere near reducing the debts and
deficits as advertised - No Way in Hell
(Hades/Tartarus/Anao/Uffern/Peklo/Niffliehem - just to cover some of the Euro
states caught fudging the numbers)!..."
