The real causes of the Fourthreichian financial meltdown have not been addressed yet. Eurokleptocracy, gigaregulation,Antitrust Armageddon, and gigataxation, especially VAT, are the real causes of the European financial meltdown. Democracy in Fourth Reich(EU) has deteriorated to kleptocracy, and Fourthreichians, aka Europeans, are mad as hell. Eurokleptocracy thrives on waste, fraud, abuse,and kickbacks. European Union(EU), aka Fourth Reich, an illegal unvoted confederation, condones the European Commission(EC), aka Eldorado of Corruption, the European Parliament(EP), aka Eldorado of Prostitutes, and Graecokleptocrats, the most corrupt politicians on Earth.
The European Commission's autumn forecast foresees a continuation of the economic recovery currently underway in the EU. GDP is projected to grow by around 1¾% in 2010-11 and by around 2% in 2012. A better than expected performance so far this year underpins the upward revision to annual growth in 2010 compared to the spring forecast. However, amid a softening global environment and the onset of fiscal consolidation, activity is expected to moderate towards the end of the year and in 2011, but to pick up again in 2012 on the back of strengthening private demand.
With the economic recovery taking hold in the EU, labour-market conditions are expected to slowly improve over the forecast horizon, as is the budgetary situation. The unemployment rate is projected to fall to around 9% in 2012, with the public deficit declining to about 4¼% of GDP. Developments across Member States are nevertheless set to remain uneven.
European Commissioner for Economic and Monetary Affairs, Olli Rehn said: The economic recovery has taken hold. I am encouraged by the prospect that employment is finally set to improve next year in Europe. Public deficits are starting to decline thanks to the consolidation measures taken and to the resumption of growth. However, this recovery is uneven, and many Member States are going through a difficult period of adjustment. A determined continuation of fiscal consolidation and frontloaded policies to enhance growth, are essential to set the sound basis for sustainable growth and jobs. The turbulence in sovereign debt markets underlines the need for robust policy action.
In Fourth Reich(EU), the year 2010 has been the year of the first steps towards the implementation of the hateful Lisbon Treaty and the first steps were neither too decisive, nor persuasive. In the spring, it all was pushed back by the crisis of the Eurozone, to which the Greek debt crisis gave the major impulse. This did not come as a surprise. The only question was which part of the frail chain of European monetary integration was going to break first.
The year 2010 was also the year of major mockery of European justice, especially in Greece. The Greek Ministry of Justice is a euphemism for the Greek Ministry of Injustice, aka Kangaroo Ministry! It's justice proceeding by leaps, like a kangaroo. Most courts of the metropolitan area of Athens are located on Evelpidon campus, a Kangaroo valley where trials on average last a couple of minutes without jury.
The year 2010 was also the year of huge police brutality, especially in Greece. The Greek police is infamous for the brutality of its morons. Amnesty International has longstanding and continuing concerns regarding the failure of the authorities in Greece to ensure that police morons respect and protect human rights. Allegations of human rights violations committed by the police continue to be made, in the context of both policing demonstrations and during arrest and detention.
The year 2010 was also the year of freakish cybercops harassing dissident bloggers, especially in Greece. Netizens cannot live properly when they are harassed by kleptocrats and cybercops. On October 18, 2010, a violent gang of six Greek police thugs broke into the home of a heroic dissident, confiscated his computer, and locked him in jail! There were no toilet facilities in his jail cell; instead, the 65-year-old dissident was provided with a small empty bottle of water to urinate in during the night. There was neither mattress nor pillow. There were wild screams of prisoners during the whole night, while the guards were watching TV in their office, pretending they were deaf!
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