Look out there’s a monster coming

Look out there's a monster comingThanks to Katabasis for this lead, it seems that having thrown loads of money at the Eurozone via the European Financial Stability Facility – the EU Zone are going to extract even more money from it’s indebted members and indenture them forever into the service of the European Stability Mechanism. London loves Business has the low down but for a quick tour of the highlights:

  • Total immunity from prosecution
  • Employee’s don’t pay tax
  • Eurozone members can never leave
  • If it asks for money members have to pay within 7 days, and it has no limit on what it can ask for

Oh and bankrupt Ireland will have to pay in 11Bn Euro’s that it doesn’t have for the privilege of giving all hint of sovereignty up to this unelected unaccountable quango.

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