//
you're reading...
European Bailout, European Central Bank, European Union, IMF

Hungary Folds Under the Pressure, Ready To Change It’s Laws To Get European Bailout Money


Zero Hedge

January 10, 2012

If there is any one more vivid confirmation of Mayer Rothschild words “Let me issue and control a nation’s money and I care not who writes the laws” then we have yet to find it. Today Hungary, which had “valiantly” defied Europe and the IMF in ignoring pressure to make its central bank more “malleable” finally folded, following a recent explosion in its bond yields, a surge in CDS to records, and a collapse in its currency. And to think how easy it is to subjugate a state to slave status in our “globalized” days without shedding one drop of blood. Reuters reports: “Hungary’s government is ready to consider modifying disputed legislation if the European Commission deems it necessary, Foreign Minister Janos Martonyi told the bloc’s executive and European Union partners. “We fully respect the authority of the European Commission, the guardian of the EU treaties,” Martonyi wrote in a letter dated January 6 and published by his ministry on Tuesday. “We stand ready to consider changing legislation, if necessary.”” As Rothschild foresaw so effectively over 200 years ago, selling out your sovereignty only takes a few pieces of (paper) silver.

More:

Hungary, which wants to secure a multibillion euro financing deal with the International Monetary Fund and the European Union, is locked in a legal dispute with the European Central Bank and Brussels over a new central bank law.

The European Commission last month asked for the law, which it worried will compromise the bank’s independence, to be repealed.

Martonyi said the government was ready to conduct dialogue with anyone who raised concrete concerns.

Hungary is merely the first case study of how the annexation of non Eurozone countries will proceed shortly, once it becomes clear that anyone who is not with a failed European experiment, is against it.

Advertisements

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

  • 26,448 hits

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 117 other followers

Contact Email

Info@morningstarenews.com

Categories

Twitter Updates

Error: Twitter did not respond. Please wait a few minutes and refresh this page.

%d bloggers like this: