Reactions to the deal reached last night by Eurozone leaders to rescue the single currency and European banks :
The Socialist candidate for next year’s Presidential elections, François Hollande said the deal «avoided the worst » but found the participation in the beefed up bail-out fund of non-european countries, notably China, « profundly troubling » and said he feared this would lead to “defacto dependence” on the Asian superpower.
Green (Europe Ecologie-Les Verts) MEP Daniel Cohn-Bendit said the deal « delivered the EU bound hand and foot to emerging countries. »
Green French Presidential candidate Eva Joly slammed a « sale of Europe to China at knock-down prices. »
Jean-Luc Mélenchon, Prsidential candidate for the Left Front said:
« In Europe, the Conservative German Government wins out rain or shine. Its stale and frivolous recipes only correspond to the narrow interests of a rentier Germany.
« Nicolas Sarkozy has been incapable of offering any new ideas or solutions that conform to a France or Europe that wants to move forward »
« The [European] Central Bank’s refusal to intervene directly to loan directly to Eurozone states is an error which will be very costly for the Eurozone.
« The 50% haircut only confirms that Greece’s debt will not be paid back.»
FInancial coup’ detat
« The incomprehensible guarantees of the ESFS [bailout fund] do not resolve any of the problems posed by the financial coup d’etat orchestrated by the European Union »
« Without strict capital controls and a complete revamp of the financial sector banks and credit rating agencies will continue to harass states.
« Intimidated, panicked governments will continue to bleed dry their peoples and reduce growth to the detriment of public finances. This absurd policy is leading the EU to disaster.
« I hope for a new start before it is too late. This can only come from the people. »