Open Letter to IMF, ECB and EU

August 28th, 2014
in Op Ed

8-step Rescue Plan Euro;
Reindexing European Stock Exchanges

by Wim Grommen

Ms. Christine Lagarde
Mr. Mario Graghi
Mr. Herman van Rompuy

8 august 2014

Topics: "8-step rescue plan Euro" and "Reindexing European stock exchanges"

Follow up:

Dear Ms Lagarde, dear Mr Draghi and dear Mr Van Rompuy:

Now that the welfare of many citizens in Greece, Portugal, Spain, Italy and France threatens to sink beneath the critical point, it is important that there will be a solution for these citizens in the short term. History has taught that the collapse of the pillar of prosperity in a society always leads to revolution. Signals have reached me through the media, that revolution in these countries is rattling at the gate. Governments of these countries, regardless of their political persuasion, see this with sorrow, but have their backs to the wall.

I therefore suggest that, prior to January 1, 2015, the "8-step rescue plan Euro" (see appendix) that I have prepared for database administrators of banks in these countries is implemented. After executing this plan, citizens in these countries will have sufficient funds to live in a dignified manner in 2015. Your organizations can thus present itself as Robin Hood. A Robin Hood, who also takes care of the wealthy individuals in the society. The rescue plan namely also prevents chaos in the financial markets which arises due to revolutions. The stock market crash in 1929 has demonstrated the disastrous consequences this may have for societies.

For additional background information, I refer you to my paper "Current problems associated with the end of the third industrial revolution" which was presented at an International Symposium in Valencia, The Economic Crisis: Time for a paradigm shift, Towards a systems approach.

I also request you to consider my proposal, to reindex, in consultation with the stock exchange owners, all European stock exchanges at 100 points. For additional background information on this proposal, I refer you to my articles The Dow Jones Industrial Average: a Fata Morgana and Will Obama manipulate the Dow Divisor? From fiction to reality

Your invitation for a discussion on the topic "8-step rescue plan Euro" or the topic "Reindexing European stock exchanges" would be welcomed.


Wim Grommen
A concerned European citizen



Database administrators of European banks can contribute to solving the euro crisis.

The following 8 steps they need to perform on December 31, 2014, to give citizens in their countries which are living under the subsistence, a dignified existence in 2015 again.

Step 1: Log in as the table owner of the table "current_account_citizens" on the production database
Step 2: Disable all triggers on the table "current_account_citizens"
Step 3: Disable all check-constraints on the table "current_account_citizens"
Step 4: Run the following update statement on the table "current_account_citizens":

update current_account_citizens
set balance = balance + ecb_ donation_to_citizen
where identification_number in ( select identification_number from citizen_ tax_administration where annual_income < norm_annual_income)

The coming months there will be consultations between the IMF, ECB, EU and the Governments on the values ​​of the variables ecb_ donation_to_citizen and norm_annual_income. The values ​​of these variables can be determined per country.

Step 5: Make this update statement permanent by a commit
Step 6: Enable again all check-constraints on the table "current_account_citizens"
Step 7: Enable again all triggers on the table "current_account_citizens"
Step 8: Log off the production database

If there is no approval eligible for this plan, then database administrators can take their own moral responsibility. Depending on their Robin Hood feeling they decide who of their compatriots are eligible for a gift and also how high it will be.

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