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November 5, 2009 (LPAC)—The EU Commission announced Nov. 3 that it intends to start deficit suits against Germany and other European countries soon. Only 3% deficits are allowed under Maastricht budget criteria. Germany will have at least a 3.5% deficit this year with projections for next year of 5%.

The imperial EU, which now feels reinforced after the involuntary Lisbon Treaty signature by Vaclav Klaus, has done its part to create the preconditions for further economic and social collapse all along. On the Magna-Opel deal, it had questioned the deal for "competition reasons," and thus helped to sabotage it. Now it announced it will "watch carefully" for any further state help for Opel; everything happening has to comply with "the EU rules state support and the internal EU market." In another case, the Commission said today, that a EU600 million capital increase of the Sparkasse KoelnBonn (part of the public savings and loan bank system) will be investigated as possible "state support," and that it has to follow hard rules.

In their autumn report, the EU Commission is "predicting" a massive increase in joblessness next year for Germany — from 7.7% now, to 9.2%, mainly due to the untenably large amount of short work. This is less than the German government itself wants to admit so far. In the Baltic countries, the EU reports on a steep collapse of the GDP this year: Lithuania -18.1%, Latvia -18%, and Estonia -13.7%! These dry and probably much underestimated numbers tell a lot about how the physical basis for survival of the population has been destroyed for years by imperial monetarist policies.