The Mischief that the Troika brought - Harald Schumann - Zeit

It blackmailed ministers, fashioned itself as a legislator, and conspired with the elites. This is how the Troika knowingly pushed the crisis states into recession.

... Later on, the controllers of the IMF said that the effects of the austerity program had been underestimated because Thomsen and his EU colleagues had used wrong assumptions. But that wasn't quite true. They knew what they were doing. In March 2010 the IWF's representative in Athens wrote in a "secret" report: if the EU's austerity program were to be implemented, "it would cause a sharp contraction of internal demand and a deep recession that would put the social compact under heavy strain." And that's exactly what happened.

This article is a digest of a documentary that was aired yesterday on ARTE. It's available till next Tuesday. If you understand German or French this might be a good way to get your blood boiling (French version here).

_{Schengen is toast!}