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ALLIANCE FO§ DEMOCRACY
bombLetter to the IMF relation to the
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Press call by 50 boards of industrial companies in favour of the Euro

In full-page press announcements on 21st June 2011, 50 German and French company boards warned against the failure of the Euro. Special request was made to advocate and support all the proposed rescue measures. The signatories included the chairmen of the board of major German concerns such as Siemens, BASF, Deutsche Post, E.ON, Daimler and BMW. In the appeal under the slogan of 'The Euro is essential.', which is also backed by leading represen-tatives of major financial institutions, it states: "The return to stable financial conditions billions of Euros, but the European Union and our common currency are worth the cost and ef-fort." There was no serious alternative to the common currency. The call went out to politics "to create the necessary requirements for a permanently stable and competitive Euro." This included closer coordination of the economic and budget policy of the member states, as well as sanctions, if the regulations imposed for the Euro zone are not observed. According to the report, the companies represent a total of € 1.5 trillion in sales and 5 million employees. Due to its high export quota, German industry in particular benefits greatly from the common currency.

This >announcement creates irreparable divisions. In view of the fact that companies, and especially banks, make money out of people as long as they are allowed to, the inevitable crash that is coming may be delayed for years. In this mo-rass, politics can flourish and retain its power, which does not want the best for the people. Since the world of business also wants its share for as long as possible, it supports this pol-icy. An offering to the tin gods, the banks. It is not about the fact that the countries of the European Currency Union, and particularly also Germany, benefit economically from the common currency, and that the common currency ensures the cohesion of the countries of the European Currency Union as a major part of the whole of Europe, and therefore peace and freedom – these are not even fair words.
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