FIFA AT LAST BANS CHUCK BLAZER !

FIFA has announced that Chuck Blazer has been banned for life from all football activities. 

This is not really a surprise.  Blazer was indicted and since a plea bargain; he has been helping officials for the last four years in the USA with their investigation  into suspected fraud in FIFA.  There is also an ongoing investigation by the Swiss Judicial Authorities into FIFA.

What is surprising is how long it has taken FIFA  to react before banning Blazer.  One should not forget that there are several other members of FIFA who have been indicted in the USA.   Did the 350 page Garcia Report not raise any suspicions about the activities of these people ?  The Eckert summary of that report clearly absolved everyone in FIFA from any wrongdoings.

Should FIFA not "suspend teporarily" any officer who is indicted for a serious criminal offence ?    FIFA Statutes should be changed to permit this.   If later it is then proved that he is not guilty, he could be reinstated. 

In this way, FIFA would give the impression that it is serious in trying to prevent fraude !  At the moment reports suggest that fraudulent activities did not just start recently with the nomination of Russia and Qatar as hosts.  It seems fraud was rife in FIFA well before then.
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EUROZONE LACKS MIDDLE MANAGEMENT BACK ROOM !

Merkel is again, quite rightly furious, that Tsipras has not produced the documents she expects to enable her and her EUROZONE partners, to resolve all the "Grexit" problems. 

However, this is not really due to any direct faults by Tsipras or to his incompetence !   In a normal Conglomerate like the EUROZONE or the EU, there is always be a midddle management back-up team between the top Leaders like Merkel and Hollande, and Tsipras in this case.  

This ZONE back-up team normally ensures that the information necessary to make decisions is properly and completely presented for the Leaders !  It should be working directly with Tsipras and his back-up team and  it would know what Merkel and Hollande really want.

With such an organisation, every time there is a Top Level Meeting, up to date documents and information would be available to enable decisive discussions !

It is the only way to progress and to avoid the  frustrations the World has seen lately !

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TSIPRAS MUST EXPLAIN AGAIN WHAT HE WANTS FOR GREECE !

After almost six months of endless discussions Angela Merkel, the German Chancellor and President Hollande of France,  have fears that Greece could leave the  EUROZONE.   

Today the EUROZONE, after the Greek Referendum,  wanted Tsipras to explain again, what he wanted !   After six months, still no one knew ? 

If Greece leaves the EUROZONE it would renounce its  Debts and declare it is Bankrupt.  It has debts with the EUROZONE amounting to 320 Billion Euros !  This includes debts to Germany of 60 Billion. 

If Greece obtains a deal that permits it to keep the EURO as its currency, it will remain in the EUROZONE. The DEAL Tsipras needs implies that creditors accept to write off at least 35% of the loan amount outstanding. 

In addition, Tsipras really also needs time, a breathing space during which no repayments are due while he reorganises Greece.  He needs a Moratorium of a few years.

Greek debts are totally worthless, because the country is bankrupt.  The EURO has also depreciated by at least 10% during the last 12 months.  How long will this strong EURO last ?  If ever Greece repaid its debts it could be in "new Euros" !

Angela Merkel knows all the foregoing implications, but she cannot make a decision.  German politicians are split on what should be done, even in her Coalition.  Will she obtain a majority in the Bundestag Parliament for her Greek solution ?  

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EUROGROUPE : SAVOIR OU L'ON VA

              "L'important c'est d'être déterminé et de savoir où l'on va"

 

 

 

 

               MARIN

 

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EUROZONE NEEDS A MANAGEMENT BOARD.

The talking about a "Grexit or not" has stopped after six months, only to enable everyone to digest the result of the Greek Referendum !

After these six months the Greek economy is now in a bigger mess than before.  Debts have piled up, business has stopped and Greece cannot import the goods it needs to survive. 

It is the European Central Bank (ECB) that has avoided a complete meltdown in Greece by regularly supplying Greek banks with Cash !  Should Greece  shoulder the  burden of this cost which is due to EUROZONE "hesitation" over a possible Grexit ?  

It is manifest that the "EUROZONE" must quickly  professionalise its organisation to identify and solve the problems which arise in the countries of the ZONE.

Companies in International Conglomerates are closely  followed and when exceptional action is necessary, top Group Management is briefed.  Reporting systems ensure that up to date information circulates. Regular monthly or quarterly meetings avoid bad surprises !  These techniques are well known.

The EUROZONE appears to be living from hand to mouth !  Are there any operating procedures ?  There seem to be only two "executives" (Merkel and Hollande) and the ECB !  Curiously all the 18 Leaders of the ZONE have been convoked almost weekly recently !  Is such  desperation  really necessary ?  Does this system work ?

Should a Management Board of Controls with permanent members  not be created ?  
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TSIPRAS VICTORIOUS ! GREEKS REFUSE MORE AUSTERITY !

After the result of the Referendum in Greece yesterday, the next question now is : "Have the EUROZONE negotiators understood the message ?".

On January 25, 2015 Tsipras was elected on promises    that he would obtain a significant reduction of the total Greek debt and end the austerity, by reorganising the Greek Economy and while staying in the EUROZONE.  

During more than 5 months of "negotiations" all Tsipras has received are lessons on how to reorganise Greece !  The question of "debt relief" has been pushed aside.  

There have been many errors in the past which have culminated in the Greek Financial catastrophy in which the country now finds itself.  The EUROZONE has always refused to accept  any of the responsibility !

Now the time has come to resolve these problems.   This will probably provoke other connected changes in the EUROZONE, which will be all the better for its future !

Let us not forget that there are three other countries on the sidelines, closely watching events.  Italy, France and Spain are all facing mounting difficulties ! 

In the case of Greece, the most painless solution would seem to be a Moratorium of about 10 years after a partial write-off of  its 320 billion EUROS of debts.  This could save the faces of everyone concerned !

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GRECE : L'EUROPE SIDEREE !

L'Europe sidérée par l'audace du jeune dirigeant de l'Etat grec, qui a "osé" consulter le peuple grec par référendum !

Tétanisés, les dirigeants européens, qui font silence depuis la victoire du "non" et attendent...

Libéré et courageux, le peuple grec, qui a réagi contre les diktats de l'Union Européenne et a su dire "non" aux propositions de réforme de ses créanciers !

Tout recommence maintenant !  Un vent s'est levé...

DML
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