Six European nations secretly met at a Brussels dinner the last week of March, arranged by Great Britain, to discuss a U.K. Treasury Ministry plan to set up a supranational bank that would finance a massive European rearmament plan, outside the European Union and European Commission, the Politico reports on April 3, in an article, “U.K. Joined European Officials at Secret Dinner To Plot Radical Rearmament Fund.”
Politico adds, “A supranational bank would sidestep the European Commission, involve the British, and allow defense-spending off the balance sheet.” This would follow the plan, devised and run by German Finance Minister and Reichsbank central bank governor Hjalmar Schacht, which established in May 1933 the Metallurgische Forschungsgesellschaft mbH (Mefo) to issue Mefo bills that financed Schacht’s Four Year Plan to rearm Germany in order to conduct a war of aggression to principally crush the Soviet Union.
The financing for the proposed bank would come largely from private financiers.