EU wants to censor bad news


Krzysztof Zielke

Gazeta Polska Codziennie/Freedom of Speech Freedom of Image

[Translation by – Agata Czarniak]


As we read in Gazeta Polska Codziennie:

In a confident report which has been recently revealed by Financial Times Deutschland, one of the European commissars proposed a temporary ban for publications regarding ratings of the EU countries.  The censorship would be introduced if such a publication had negative consequences for the financial stability of either a particular state or a global economy. The EU believes that publishing the evaluation of financial credibility is irresponsible and it will only accelerate the debt spiral.


At the beginning of July, when Moody's downgraded Portugal’s government bond ratings, the EU declared war on credit rating agencies. But the agencies tried to defend themselves by saying they had no other choice. It all happened after EU leaders had suggested that the banks could take responsibility for a bigger part of the Greek debt. The European Central Bank warned the agencies that the investors who were responsible for financing European debts might withdraw their support, and this might lead in the future to the financial catastrophe.

Meanwhile, Paris and Berlin could not even make a decision regarding the European Financial Stability Facility - an institution which has to rescue from bankruptcy not only Greece, Ireland and Portugal, but also Italy and Spain. Eventually on October 27, 2011 the European Council announced that the member states had reached agreement to further increase the effective capacity of the EFSF to €1 trillion.


But will happen next? What about Greece?


It is worth mentioning what the economists all over the world are saying.  They all agree on one thing – Greece is on the verge of bankruptcy, and sooner or later the country will not be able to pay its debts. But what does ‘go bankrupt’ really mean? Because for more and more people it is becoming obvious that Greece is slowly losing its independence and sovereignty due to its financial problems. And doesn’t it look like a new kind of war? For lending money seems to be a much better way to possess country’s assets than e.g. invading it.


The Greek nation already figured out what was going on and has been striking ever since. People are well-organized, conscious and they demand government’s resignation. Greeks do not want to pay for the foreign bankers’ mistakes. They know that the EU’s policy is the culprit. Their banners say clearly: ‘Get out and take your help with you’.  Greeks are perfectly aware of the fact that all money goes now to French and German banks, not to them.


And t is truly hard to believe that the European economists did not have any clue of the possible results of their policy. After all we live in the 21st century. What happened to the science and a power of human mind?  We can travel throughout the space, but yet we cannot protect ourselves from the biggest crisis since the Great Depression. But apparently the Eurocrats seem not to notice any problems in Europe. For instance, Polish President of the European Parliament is trying to convince Poles to the urgent access to the Eurozone, even though it is falling apart. But this isn’t even the worst part. Surprisingly, nobody in Poland seems to mind such good advice…