EUROPE | WHAT REALLY HAPPENED


EUROPE

Jul 10 13:29

Italy: EU request for powdered milk in mozzarella is 'attack' on cultural heritage

Italy has accused the EU of "an attack" on its cultural heritage after Brussels demanded it consider producing mozzarella with powdered milk.

Jul 10 13:06

NATO to open regional HQ in Lithuania amid Ukraine crisis

NATO will open the first Baltic regional headquarters for its new rapid reaction force in Lithuania in the coming months, amid growing concerns over Russian aggression in Ukraine.
Lithuanian Defence Minister Juozas Olekas says this will increase quick communication between national and alliance troops in the region. The base will be staffed by 40 people.
The head of the unit, Danish Col. J.S. Larsen, said Thursday the headquarters could co-ordinate operations of a division-sized unit "in case there is a need."

Webmaster's Commentary: 

More "Picador"-like behaviour on the part of NATO against Ruassia.

Folks, Russia has done absolutely nothing wrong. Ukraine was hit by a "putsch" last year, so that Poroshenko could be installed, as he was more "Western/NATO-centric" than his predecessor.

Following the putsch, Crimea, which had historically been Russian until Kruschiev annexed it to Ukraine in the 50s, requested to return to the Russian Federation. In a clear and fair referendum, watched by vetted international observers, the Crimeans voted to rejoin Russia. Russia accepted.

How in heaven's name can this be construed as "Russian aggression", when the aggressors were NATO, the US, and the IMF?!?!?

Logically, you can't.

Jul 10 12:43

International creditors discuss Greece's new proposals

The heads of the European Commission (EC), International Monetary Fund (IMF), European Central Bank (ECB) and the eurozone are to review a reform package offered by Athens to the lenders.

EC spokesman Margaritis Schinas said on Friday the lenders were now studying the Greek proposals ahead of a meeting in Brussels Saturday of the Eurogroup, the 19-nation eurozone finance ministers.

Like vultures around a carcass...

Jul 10 12:35

Government submits reform proposal to institutions and Parliament

The proposal doe not include the signatures of the Ministers of Productive Reconstruction Panagiotis Lafazanis and the Minister of National Defense Panos Kammenos. Mr. Lafazanis, who is the head of SYRIZA’s Left Platform, has expressed his opposition to the terms of the agreement.

Jul 10 12:33

Greek deal in sight as Germany bows to huge global pressure for debt relief

Germany is at last bowing to pressure as a chorus of countries and key institutions demand debt relief for Greece, a shift that could break the five-month stalemate and avert a potentially disastrous rupture of monetary union at this Sunday’s last-ditch summit.

In a highly significant move, the European Council has called on both sides to make major concessions, insisting that the creditor powers must do their part as the radical Syriza government puts forward a new raft of proposals on economic reforms before a deadline expires tonight.

Jul 10 12:28

Someone Pull The Plug Or This Will End In War

Yes, it’s still entirely possible that Tsipras submitted this last set of proposals knowing full well they won’t be accepted. But he’s already gone way too far in his concessions. This is an exercise in futility.

It’s time to acknowledge this is a road to nowhere. From where I’m sitting, Yanis Varoufakis has been the sole sane voice in this whole 5 month long B-movie. I think Yanis also conceded that it was no use trying to negotiate anything with the troika, and that that’s to a large extent why he left.

Yanis will be badly, badly needed for Greece going forward. They need someone to figure out where to go from here.

Just like Europe needs someone to figure out how to deconstruct Brussels without the use of heavy explosives. Because there are just two options here: either the EU will -more or less- peacefully fall apart, or it will violently blow apart.

Webmaster's Commentary: 

Jul 10 12:27

Rickards: Greece? Yes. China? No.

Jul 10 12:23

Greece's Reform Proposal Welcomed By Creditors, But Leftists Wary Of More Austerity

Greek Prime Minister Alexis Tsipras sought his left-wing party's backing on Friday for a new budget austerity package that is harsher than what he urged Greeks to reject in a vote just last week, but would provide the country will longer-term financial support.

Government ministers signed off on the sweeping new measures, which include pension cuts and tax increases that are likely to inflict further pain on a people that have just emerged from a six-year economic depression.

If approved, Greece would in return get a three-year package of loans worth nearly $60 billion as well as some form of debt relief. The package would be far larger than the 7.2 billion euros creditors had been offering to Greece during the previous five months of fruitless negotiations.

Webmaster's Commentary: 

Tsipras has sold out his fellow and sister Greeks with this move.

It looks as though he named his price to the IMF, and they bought him, or they had something blackmaiable on him.

Either way, if this offer is accepted by Greece's creditors, there may well be rioting in the streets, possibly followed by a full-on civil war.

Jul 10 11:51

In 2015, Migrant Flow to Europe Passes 150,000

An estimated 150,000 migrants have now crossed into Europe by sea since the start of the year, the International Organization for Migration said Friday.

Most are landing on the shores of Greece and Italy, after traveling from countries including Libya, Syria and Eritrea.

Jul 10 11:41

Greek government approves brutal austerity measures in proposal to EU

Greece’s Syriza-led government agreed to a massive new €13 billion (US$14.34 billion) package of austerity measures yesterday evening, less than a week after Sunday’s landslide “no” vote in a referendum on European Union (EU) austerity.

Jul 10 11:06

“Blame the Greeks” – 5 Persistent Myths

For most people in the western world, this is their first exposure to this kind of an economic situation. However, this is not new at all. The exact playbook has been used for many decades to take over countries around the world. Two good books to read about austerity, neoliberalism and corporatocracy are “Confessions of an Economic Hitman” by John Perkins and “Shock Doctrine” by Naomi Klein.

Jul 10 10:58

Putin: Where was EU when Greek crisis was evolving?

The European Commission should have adjusted the economic activity of Greece before the crisis, Russian President Putin has said, adding that the EU shouldn’t have issued such high bonuses and loans to the debt ridden country.

“Of course, all the blame can be shifted to the Greeks. But if there were violations in their [Greece] activity, where was the European Commission? Why didn’t it make any adjustments to the economic activity of the previous government of Greece?” Putin asked talking at the Q&A session with journalists on the final day of BRICS/SCO summits in Ufa.

Jul 10 10:52

Caught Between 'Grexit' and 'Hell No' — Greece Submits To Austerity's Knife

After submitting a proposal for consideration by foreign creditors overnight, the Greek government of Alexis Tsipras on Friday presented the plan to a full meeting of Parliament, in hopes of securing backing for a plan that would keep Greece in the eurozone by exchanging long-term debt relief and further financial assistance for a new set of of harsh austerity programs and conditions.

Jul 10 10:48

The Greeks Fight Back: Oxi to Austerity

The July 5 referendum in Greece provides the clearest and most inspiring evidence to date, but the message it conveyed has been clear for a long time: that people hate the banksters who impose austerity upon them, and that they hate austerity even more.

What could be more understandable? Most people are working more (or no less) for less (or no more) — not for the age old reason, that there is not enough to go around, but because of the machinations of banksters, and the politicians and bureaucrats who serve their interests and the interests of their class brothers and sisters.

Jul 10 09:20

The European Union’s Crisis of Legitimacy and The Greek Referendum

For some time now social movements have expressed their support for Another Europe. Their almost unanimous support for a “NO” vote in the Greek referendum on the proposals of the Troika, says much about the repeatedly frustrated hopes of constructing a social Europe from below.

Indeed, the protests against austerity have established, ever more clearly and explicitly, that the evolution of Europe is going in the opposite direction: a Europe increasingly of (financial) markets, and more and more, a Europe in which non-democratic institutions make use of blackmail and fear to impose unpopular decisions. This diagnosis of the responsibility of the EU converges with the results of much recent research that indicates how the financial crisis has transformed into a democratic crisis of the legitimacy of EU institutions.

Jul 10 09:20

NO DEAL; NO BAILOUT! Greece to Exit EURO on Sunday, banks & Businesses already told SWITCH TO DRACHMA; CDS Unwind imminent

Businesses and Banks within Greece have already been told to immediately commence a currency switch to the soon-to-be-re-issued Greek Drachma and, accidentally, some merchants have already begun invoicing customers in the new Drachma currency! This Invoicing in Drachmas has been CONFIRMED by Bloomberg Business News and their coverage can be seen HERE:

Jul 10 09:13

John Taylor: IMF Loans To Greece Bailed Out Banks And Worsened The Situation

Greece has already collapsed, and the only real question is whether the ECB will give Greek depositors time to withdraw some of the €120 billion in deposits it holds hostage with the frozen ELA, or if the ECB will admit the truth about the Greek insolvent banking system risking Eurozone contagion. A better question is just what is the purpose of the IMF whose intervention in Greece can be described in one word: disaster. It can also be described in eleven, as the creator of the Taylor Rule, John Taylor, has done in a blog post which can be summarized as follows: IMF Loans To Greece Bailed Out Banks And Worsened The Situation.

Jul 10 07:37

Markets rally amid hopes for Greece deal

Stock markets have raced ahead across Europe amid renewed hopes that a deal can be reached to save Greece from crashing out of the eurozone.

The Greek prime minister, Alexis Tsipras, has submitted proposals for a harsh new round of austerity measures totalling €13bn (£9.35bn) in an attempt to break the deadlock over its bailout and is now seeking the backing of parliament in Athens.

Webmaster's Commentary: 

Tsipras has just broken his campaign promises to the Greek people. If the deal goes through, there could be riots and even civil war in Greece.

Jul 10 06:40

German ‘Efficiency’ Is Killing Europe

The renowned German "efficiency" is opening up a grievous rift within the European Union in the wake of the Greek No vote to EU-imposed bailout austerity. Not only that. The famed Germanic mechanical methodology is threatening to tear Europe asunder from runaway financial debts – the very Europe that Berlin claims to be upholding.

Jul 10 06:28

Guerrilla Warfare Against a Hegemonic Power - The Challenge and Promise of Greece

Banks create money when they make loans. Greece could restore the liquidity desperately needed by its banks and its economy by nationalizing the banks and issuing digital loans backed by government guarantees to its ailing businesses. Greece could provide an inspiring model of sustainable prosperity for the world. But it is being strangled by a hegemonic power in a financial war that is being waged against us all.

Jul 10 06:11

Tsipras Caves; "Tsipras Destroys Greece Regardless of parliament vote, Tsipras must resign - he violated all he campaigned for

WEBMASTER ADDITION: Here comes the US coup to kick Tsipras out and put in a pro-US pro-banker junta. This will trigger another bloody civil war like Ukraine. But no price is too great to pay to keep the money-junkies happy!

Jul 10 05:19

MH-17 Case Slips into Propaganda Fog

Almost a year ago, Malaysia Airlines Flight 17 was shot down over eastern Ukraine killing 298 people. Yet, instead of a transparent investigation seeking justice, the case became a propaganda game of finger-pointing, with the CIA withholding key evidence all the better to blame Russia.

The Dutch investigation into the shoot-down of Malaysia Airlines Flight 17 over eastern Ukraine last July has failed to uncover conclusive proof of precisely who was responsible for the deaths of the 298 passengers and crew but is expected to point suspicions toward the ethnic Russian rebels, fitting with the West’s long-running anti-Russian propaganda campaign.

Jul 10 00:09

The Euro Is Finished: Reporter Catches First Glimpse of Drachma in Greece

With the situation rapidly deteriorating in Greece, many experts have predicted that Greece may be forced from the Euro. If that happens, then Greece will have to go through the lengthy and complicated process of creating a new currency, which would most likely carry the namesake of their pre-Euro currency, known as the “Drachma.” For now the Euro is still their official currency, but it seems that hasn’t stopped some financial institutions from jumping the gun.

A reporter for Bloomberg stayed at a hotel in Athens from June 28th to July 4th, but when they charged his Visa debit card, the online statement didn’t show his charge in Euros. Instead, it was recorded as “Drachma EQ.”

(read more)

Jul 09 18:31

The Wait Will Soon Be Over: European Leaders Promise The Greek Debt Crisis Will Be Resolved One Way Or Another On Sunday

For months, the entire planet has been following this seemingly endless Greek debt saga. Global financial markets have gyrated with every twist and turn of this ongoing drama, and many people have wondered if it would ever come to an end. But now European leaders are promising us that the uncertainty is finally going to be over this weekend…

Jul 09 14:37

Are the Greek People To Blame? Or is it the politicial-bankster complex?

Whatever opinion one has of the Greek people, the truth is that the overwhelming preponderance of this mess was caused by their politicians and by the bailing-out of European banks.

Jul 09 14:15

Throughout history, debt and war have been constant partners

Somewhere in a Greek jail, the former defence minister, Akis Tsochatzopoulos, watches the financial crisis unfold. I wonder how partly responsible he feels? In 2013, Akis (as he is popularly known) went down for 20 years, finally succumbing to the waves of financial scandal to which his name had long been associated. For alongside the lavish spending, the houses and the dodgy tax returns, there was bribery, and it was the €8m appreciation he received from the German arms dealer, Ferrostaal, for the Greek government’s purchase of Type 214 submarines, that sent him to prison.?

Jul 09 13:58

Greece seeks bailout totaling $55 billion, offers painful spending cuts

Greece is seeking another bailout totaling at least 50 billion euros ($55 billion) from its European creditors and offering to make painful spending cuts and tax increases as it races to avert a financial meltdown, according to government sources.

Under a 10-page blueprint completed late Thursday, the country said it would undertake austerity measures worth between 12 billion and 13 billion euros ($13 billion to $14 billion), including raising taxes on cafes, bars and restaurants.

Government leaders will bring the proposal before the Greek parliament for approval over the next few days as a display of good faith as it attempts to rebuild trust with its European creditors after months of rocky negotiations.

Jul 09 13:57

The Inevitable Grexit and Banking Collapse

Dimitri Lascaris Report: Credibility of Prime Minister Alexis Tsipras is hanging by a thread, in the meantime 15 out of 18 European governments support ousting Greece from the Eurozone.

Jul 09 13:46

Are The E.U. And Asia Turning A Blind Eye To Russian Sanctions?

In a previous article on Oilprice, I questioned whether western sanctions imposed on Russia were being regularly breached by E.U. and Asian companies, noting that sanctions only work if all countries unite behind them.

Jul 09 13:44

Greece debt crisis: Athens accepts harsh austerity as bailout deal nears

The Greek government capitulated on Thursday to demands from its creditors for severe austerity measures in return for a modest debt write-off, raising hopes that a rescue deal could be signed at an emergency meeting of EU leaders on Sunday.

Jul 09 13:10

The Greek government on Thursday evening approved a package of specific reform measures it will present to foreign creditors in an effort to break an impasse that has raised questions about austerity and democracy across the European continent.

The Greek government on Thursday evening approved a package of specific reform measures it will present to foreign creditors in an effort to break an impasse that has raised questions about austerity and democracy across the European continent.

Jul 09 08:49

GREECE'D: We Voted 'No' to slavery, but 'Yes' to our chains

We Greeks have voted ‘No’ to slavery – but ‘Yes’ to our chains.

Not surprisingly, by nearly two-to-one, Greeks have overwhelmingly rejected the cruel, economically bonkers “austerity” program required by the European Central Bank in return for an ECB loan to pay Greece’s creditors. In doing so, the Greek people overcame an unprecedented campaign of fear from the Greek and international media, the European Union (EU), and most of our political parties.

What’s simply whack-o is that, while voting “No” to austerity, many Greeks wish to remain shackled to the euro, the very cause of our miseries.

Jul 09 08:41

HUMANITY vs INSANITY - #44 : Greek Tragedy - with William Engdahl

Yanis Varoufakis is being hailed by many as the 'visionary' to bring about an end to 'Austerity' and take Greece out of the Euro ... but what if his true purpose was to bring about the total financial annihilation of the Greek nation?

Jul 09 08:30

Is Alexis Tsipras the Mosaddegh of Our Time?

Like Tsipras, Mosaddegh is famous for a controversial and historic referendum. Mosaddegh’s rule was in turmoil domestically and outside the country, and he knew that the parliament was about to remove him from power soon. That’s why he held a referendum about the dissolution of the parliament, and to give himself temporary power to pass the laws necessary. The referendum was successful with 99% of the votes.

This remains Mosaddegh’s most controversial move to this, which many people including some reformists call undemocratic and unconstitutional. But the truth is that the parliament was handpicked by the Shah, Iran’s dictator, and they were about to overthrow the democratically elected Prime Minister of Iran, and there is nothing undemocratic about turning to people’s votes, and getting a democratic mandate to push your agenda.

Jul 09 08:27

Nigel Farage Destroys EU Group-Think: "There's A New Berlin Wall... And It's Called The Euro"

Today it’s not nearly as controversial to say that the Eurozone experiment has failed. Anyone aware of what’s happening in Greece should say the same. But very few people really understand why.

As Nigel explains in the video below, right from the start, the system was never intended to help the Greek people.

Greece entering the euro was great for Goldman Sachs. But terrible for Greeks. It chained the country to a system in which it didn’t belong.

And what about all the bailout money that’s been thrown at Greece in the time since?

None of it actually went to the Greek people. It went to bail out the French, German, and Italian banks who own Greek debt.

Jul 09 08:13

Caught On Tape: The Other Crisis Happening In Greece

With all eyes firmly focused on pensioners at the gate and ATM lines, there is another - just as cruel and unusual - crisis occurring in Greece. Europe's immigration 'problem' is front-and-center on the island of Lesvos, as KeepTalkingGreece reports, unbelievable scenes as refugees try to raid a food truck. No, this is not Somalia...

Jul 09 07:59

Mackinder Reincarnates–Now Hungary Joins Silk Road

The magnetic force field pulling more EU countries to link up with the emerging Eurasian economic colossus is growing by the day as the economies of the EU sink deeper into debt, depression and economic stagnation. The latest intriguing development is the formal agreement of the Hungarian government to become a part of the routes of the China New Silk Road Economic Belt, a network of high-speed railway lines along the historical medieval silk road across Eurasia to Europe.

Jul 09 07:36

Applause & Booing: Moment Tsipras walks into European Parliament

Alexis Tsipras was greeted with cheers and some booing when he arrived to the European Parliament.

Jul 09 07:13

Eurosceptic Italian party delivers 200,000-signature petition for exiting euro

Italian Eurosceptic ‘The Five Star Movement’ (M5S) has filed a new petition with 200,000 signatures, calling for a referendum on the country’s exit from the Eurozone and Italy’s monetary future with the European bloc.

Jul 09 07:05

Greece and Spain face 'make or break' moment as workers stare into jobs abyss

Time is "running out" for a generation of workers in countries such as Greece and Spain whose job prospects may have been permanently damaged by the financial crisis, according to the Organisation for Economic Co-operation and Development.

In a stark warning, the OECD said that, seven years on from the financial crash of 2008, many young people were approaching the "make or break" point where they may no longer be able to "secure a toe-hold" in the labour market.

Jul 09 06:55

10 Very Strange Things That Have Happened In Just The Past Few Weeks

Have you noticed that events have begun to accelerate? Over the past few weeks, things have officially started to get very weird.

Jul 09 06:43

NATO Forces Swarming All Over Georgia, Prepared To Correct 2008 Fiasco?

For the next 14 days soldiers from the United States, Bulgaria, Lithuania and Latvia are rubbing shoulders with Georgian servicemen within the Agile Spirit 2015 military exercise.

Jul 09 06:41

The Latest: IMF: Greece poses little threat to world economy

Olivier Blanchard, director of research at the International Monetary Fund, says Greece's troubles pose little threat to the broader global economy.

Webmaster's Commentary: 

Then why are so many people working so hard to keep Greece in the EU?

Jul 09 06:35

TURKISH STREAM IS NOW “TURKSTREAM,” new route, new pipe-laying company

Putin Meets with Turkish Pres. Erdogan!…
–14 hours ago

Gazprom has terminated the contract with the Italian Saipem …
—4 hours ago

Gazprom Seeks New Contractor to Start Turkish Stream
–3 hours ago

Jul 09 03:36

Greece: The Pearl Cast Before Swine

The Greeks were right to reject paying the debts, for these debts were forced upon them by the giant vampire squid, Goldman Sachs, in words of Matt Taibbi. “The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money”. As we now know, Goldman Sachs (you do not have to be an anti-Semite to hate them) cooked the book,s falsely pretending Greece had a high credit rating though they knew of its huge debts. When the debts snowballed, they pulled the rug and collapsed Greece’s rating, bailing out banks at the expense of the European taxpayer.

Jul 09 02:47

Favoring corporate interests above all else, European Parliament backs TTIP

Members of European Parliament (MEPs) on Wednesday passed a resolution on the pending trade deal between Europe and the United States, backing a controversial provision that critics warn places corporate profits above the health and safety of the people and puts the continent's fragile democracy at great risk.

Despite clear disagreement within European Parliament (EP) over the inclusion of a modified version of the Investor State Dispute Settlement (ISDS) provision, MEPs voted 436-241 in favor of a draft text of the Transatlantic Trade and Investment Partnership (TTIP).

Jul 09 01:49

The Financial Attack on Greece: Where Do We Go From Here?

Today’s guiding theory – backed by monetarist junk economics – is that debts of any size can be paid, simply by reducing labor’s wages and living standards, plus by selling off a nation’s public domain – its land, oil and gas reserves, minerals and water distribution, roads and transport systems, power plants and sewage systems, and public infrastructure of all forms.

Jul 08 15:43

Spain Government Goes Full Police State; Enacts Law Forbidding Dissent, 'Unauthorized' Photography Of Law Enforcement

Well, Spain's officially a police state now. On July 1st, its much-protested "gag" law went into effect, instantly making criminals of those protesting the new law. Among the many new repressive stipulations is a €30,000-€600,000 fine for "unauthorized protests," which can be combined for maximum effect with a €600-€300,000 fine for "disrupting public events."

This horrible set of statutes has arisen from Spain's position as a flashpoint for anti-austerity protests, the European precursor to the Occupy Wall Street movement. Fines, fines and more fines await anyone who refuses to treat authority with the respect it's forcibly requiring citizens to show it.

Jul 08 15:05

And Now for a Putsch in Athens? Yes, if Neocon Schemers Have Their Way

A putsch in Athens to save allied Greece from enemy Russia is in preparation by the US and Germany, with backing from the non-taxpayers of Greece – the Greek oligarchs, Anglo-Greek shipowners, and the Greek Church. At the highest and lowest level of Greek government, and from Thessaloniki to Milvorni, all Greeks understand what is happening. Yesterday they voted overwhelmingly to resist. According to a high political figure in Athens, a 40-year veteran, “what is actually happening is a slow process of regime change.”

Jul 08 14:16

EU's Tusk Urges Tsipras to 'Seek Help Among Friends, Not Enemies'

Donald Tusk urged Greek Prime Minister Alexis Tsipras to turn to friends for help but the president of the European Council did not specify who those were.

It is clear who Tusk is referring to. He is attempting to dissuade Greece from entertaining any notions of partnership with Russia. In reality, Greece has no friends among the majority of the European Parliament and Commission, who are in the case of the former are little more than serial gravy-train passengers. In the case of the latter, they are unelected politburo-style bureaucrats and banksters' puppets. On the other hand, Greece has long-standing cultural ties with Russia.

Jul 08 13:34

Will Greece take the BAILOUT or a GREXIT?

Jul 08 13:33

A Trojan Horse in the Home of Austerity

Brussels and Berlin proved they are in the regime change business. Updating the exceptionalists on Iraq in 2003, they were advocating the destruction of a democratically elected government via economic Shock and Awe. Their subsequent wet dream was to impose renewed austerity on an interim, unelected technocratic government.

This past week, relentless scare tactics – deployed by Jeroen Dijsselbloem, the Eurogroup chairman, or European Commission (EC) president and certified opportunist Jean-Claude Juncker — asserted that voting “No” would mean a Grexit. Now, the real possibility of a Grexit is threatening to destroy the euro.

Jul 08 13:25

Planned US Coup in Greece?

Washington’s geopolitical strategy when bullying fails is either assassinating independent leaders, color revolutions, military coups or naked aggression.

If Moscow-based independent investigative journalist John Helmer is right, Greek Prime Minister Alexis Tsipras is a marked man and SYRIZA governance on thin ice showing cracks.

Jul 08 13:18

Tsipras Slams Austerity at EU as Greece Requests New Bailout

Greek Prime Minister Alexis Tsipras called for the eurozone to reach a deal with sustainable solutions to the Greek crisis in a speech at the European Parliament Wednesday, saying the “austerity laboratory” that Greece has become has been a failure for the country’s people.

“The simple fact is that we have to face and accept that the majority of the Greek people feels that they have no other choice other than to demand that they be given a way out of this impasse and this dead end," said Tsipras, adding that poverty and public debt have soared with the austerity “experiment” imposed on Greece.

Jul 08 11:34

Planned US Coup in Greece?

Wherever neocon Assistant Secretary of State for European and Eurasian Affairs Victoria Nuland shows up (Hillary Clinton’s handpicked choice for the job), trouble usually follows.

Helmer says she’s “in charge of warmaking in Europe.” Her notorious involvement in Ukraine’s February 2014 coup is well documented.

According to Helmer, she gave Tsipras two ultimatums in Athens last March – surrender to Troika demands and remain allied with US-dominated NATO’s anti Russian agenda.”

Her spokeman Mark Toner said Washington is “focused on, frankly, the opposite (of Sunday’s referendum), which is finding a path forward that allows Greece to continue to make reforms (more austerity), return to growth (by letting Troika bandits rape its economy and population), and remain in the Eurozone.”

Jul 08 11:17

Tsipras to EU: Greece's Days as 'Laboratory for Austerity' Are Over

In a speech before European Parliament, Greek Prime Minister says, 'We want an agreement that will give a final end to the crisis and show there is light at the end of the tunnel.'

Jul 08 11:08

UKIP Party Leader Predicts Death of 'EU Project'

The European Union may soon become irrelevant, head of the eurosceptic United Kingdom Independence Party (UKIP) Nigel Farage said Wednesday.

Jul 08 10:12

Greece and The EU House Of Cards

Jul 08 09:17

Greece – The Triumph of Democracy – the first day of a New Beginning

Congratulations! – With a resounding “OXI” = “No” – with 61% the Greek rejected the troika imposed austerity. They joined a majority of economists worldwide, including from the IMF, who also know that austerity doesn’t help recovery – and certainly doesn’t wipe out debt, the noose around a country’s neck.

But – what does the decisive no-vote mean for the 39% yes-voters? – Do they want more of austerity? – Hardly. Or were they manipulated with fear-mongering by the mostly privately owned western media, which also dominate Greece?– Blackmailed by the threats of Brussels? – Were they afraid of what’s next? – Western presstitute media propaganda for a “yes” vote, spiked with fear, threats and purposeful confusion was horrendous.

Jul 08 09:14

Greece: The Pearl Cast Before Swine

The Greece referendum was a victory, and a victory can do wonders even to wet and wobbling leaders. It would be a shame to cast the pearl of Greece to the banker swine.

How to beat banksters at their own game?

Jul 08 09:08

Greece Preparing "Alternative Currency", Kathimerini Says

Facing an acute cash shortage and a worsening credit crunch which together threaten to leave government employees in the lurch and cut off the flow of imported goods, Kathimerini says Greece is preparing for the launch of an "alternative currency."

Jul 08 09:00

Why Greece will have to exit the eurozone

It’s just a matter of how long – and how much suffering – it takes for Europeans to understand that the eurozone is finished.

Jul 08 08:48

What Financial Crisis? Greek’s Government Electing A New People Anyway

News you’ve not heard from Greece: today (July 7) three parties in the Greek Parliament asked for a delay in new citizenship legislation that will not only legalize about 150,000 immigrants from Asia and Africa—into a Greek population of just 11 million— but will also set the basis for a massive influx of more, because of family reunification rulings.

Jul 08 08:30

A Greek Tragedy Playing Out Today

By Catherine J. Frompovich

The Greek people have been known throughout history for two social contributions: developing the form of governance known as “democracy” and for their classic drama plays, which usually are referred to as “Greek tragedies.”

Little did the Greek people think that they would be living a very real life, true Greek tragedy that has unfolded with uncanny drama: Banks closed for a week, maybe longer; 60 Euros as a “daily ATM allowance”; all while probably becoming a poster child for what may be the eventual undoing of the European Union. How so?...

Jul 08 08:16

Greece Must Meet Sunday Deadline to Reform or Face Euro Exit

European leaders set a Sunday deadline for Greece to accept a rescue, saying otherwise they’ll take the unprecedented step of propelling the country out of the euro.

Jul 08 08:12

Jack Sen - UKIP: Controlled Opposition?

Jack Sen was a United Kingdom Independence Party (UKIP) prospective Member of Parliament for northern England before being unceremoniously, and quite publicly, suspended by his party one week prior to the General Election for attempting to broach the subjects of indigenous displacement in Britain, and raising the issue of the genocide waged against the Boer people in South Africa. Jack begins with a bit of history on how he became attracted to UKIP in the first place, and explains the series of events leading up to his suspension.

Jul 08 08:08

The New York Times Urges the Troika to "Make an Example of Greece"

It is often the moral and economic blindness of New York Times articles about the EU crisis that is most striking. The newest entry in this field is entitled "Now Europe Must Decide Whether to Make an Example of Greece." That is a chilling phrase most associated in our popular culture with a Consigliere and his Don deciding whether to order a mob "hit." It is, therefore, fitting (albeit over the top) as a criticism of the troika's economic, political, and propaganda war against the Greek people. Except that the article is actually another salvo in that war.

Webmaster's Commentary: 

Jul 08 08:01

Greece Refuses Pound of Flesh


I find it somewhat amusing how bankers who make billions from financial manipulations have the gall to lecture Greece that they must accept an austerity plan. These are people who fly in private jets (while lecturing us about global warming) and buy mansions far away from the diversity they proclaim to love. These same people dare to lecture the elderly in Greece that they must work into their old age so that these shysters can get their pound of flesh.

Jul 08 07:59

EU dismisses Greek referendum as 'not legally correct'

Greece’s referendum was not “legally correct”, the European Commission has declared.

Valdis Dombrovskis, the Latvian-born EU vice president responsible for the euro, said the vote had “complicated” the work of the creditors and had left the Greek government in a weaker, not stronger, negotiating position.

Jul 08 07:39

EU Makes Greece ‘An Offer They Can’t Refuse': Agree To A Deal By Sunday Or Go Bankrupt

It looks like we aren’t going to have to wait much longer to see if Greece remains part of the eurozone or not. Instead of softening their demands in the wake of the Greek referendum, European leaders have given the Greek government an ultimatum.

Jul 08 07:29

Is Ukraine The Next In Line For Default?

By Brandon Turbeville

As Greece concludes its vote to reject IMF austerity measures and impossible “debt repayment mechanisms” and as the Puerto Rican debt cauldron bubbles off the shores of the United States, there is yet another country whose debts to private bankers, the IMF, and other “creditors” is about to come due – Ukraine...

Jul 08 07:10

Greece And The EU Situation — Paul Craig Roberts

I doubt that there will be a Greek exit.

The Greek referendum, in which the Greek government’s position easily prevailed, tells the troika (EU Commission, European Central Bank, IMF, with of course Washington as the puppet master) that the Greek people support their government’s position that the years of austerity to which Greece has been subjected have seriously worsened the debt problem. The Greek government has been trying to turn the austerity approach into reforms that would lessen the debt burden via a rise in employment, GDP, and tax revenues.

The first response of most EU politicians to the Greek referendum outcome was to bluster about Greece exiting Europe. Washington is not prepared for this to happen and has told its vassals to give the Greeks a deal that they can accept that will keep them within the EU.

Webmaster's Commentary: 

The Troika may tell DC to shove it. They can't cut Greece any slack on the debt without triggering a flood of demands for the same from all the other EU member states driven into poverty by private central banking.

Jul 08 05:53

IMF WILL NOT Declare Greece In Default Despite NO Vote

Webmaster addition: This is to block the holders of credit default swaps on Greece's debt from demanding payment. No matter what happens, the money/junkies will never admit there has been a default. They will use some other word or phrase to screw the people who bought those swaps.

Jul 07 23:00

Greek ‘No’ Vote Spurs Wider Resistance

Greek voters rebelled against Germany and the dominant powers of Europe by rejecting demands for more austerity, but the Greek resistance also is resonating across the Continent, emboldening other hard-pressed countries tired of Depression-like conditions.

Despite an unprecedented fear campaign, brave Greeks plunged the European Union into a moment of reckoning with a deafening “no” to “bullying,” “terrorism,” and “humiliation” – or more precisely, 61 percent voted against and 39 percent for creditors’ terms that would have condemned not just Greeks, but millions of other Europeans to another decade of austerity and hardship.

Jul 07 22:47

Will Europe’s leaders come to their senses about Greece?

The Greeks have made their choice. Faced with two painful alternatives, they chose to stand with their elected leaders and to reject overwhelmingly the harsh, unending austerity that their creditors demanded. Now Europe’s leaders must make their choice. Will they come to their senses and open new negotiations with the Syriza government? Or will they remain unbending, force Greece into official bankruptcy and inexorably out of the euro?

Jul 07 18:28

European Stocks, Chinese Stocks And Commodities Are All Crashing – Are U.S. Stocks Next?

A global stock market crash has begun. European stocks are crashing, Chinese stocksare crashing, and commodities are crashing. And guess what? All of those things happened before U.S. stocks crashed in the fall of 2008 too.

Jul 07 15:41

Flashback: Russia invites Greece to join BRICS bank

Greece has been invited by Russia to become the sixth member of the BRICS New Development Bank (NDB). The $100 billion NDB is expected to compete with Western dominance and become one of the key lending institutions.

BRICS establish $100bn bank and currency pool to cut out Western dominance
The invitation was made by Russian Deputy Finance Minister Sergey Storchak on Monday during a phone conversation with Greek Prime Minister Alexis Tsipras, according to a statement on Greece's Syriza party website.

Jul 07 15:40

Greece may apply for BRICS bank, but not discussed officially – Putin's aide

The issue of Greece joining the BRICS bank hasn’t been officially discussed, one of President Putin’s top aides Yuri Ushakov told RT, Vesti and Ria, commenting on media reports that Athens had been invited to join the institution.

Rumors about Greece possibly joining the bank emerged ahead of the leaders of Russia, China, Brazil, India and South Africa preparing to launch their own development bank at a the seventh summit of the organization in Russia’s Ufa later this week.

“There has been speculation in the media that Greece may apply for accession to the New Development Bank. We know of these assumptions, but so far no one has officially discussed such an option with us,” Yury Ushakov, President Putin's aide, said.

Jul 07 15:19

"We Greeks Voted 'No' To Slavery, But 'Yes' To Our Chains"

"We Greeks have voted 'No' to slavery -- but 'Yes' to our chains... What's simply whack-o is that, while voting "No" to austerity, many Greeks wish to remain shackled to the euro, the very cause of our miseries."

Jul 07 15:18

Thoughts On Greece ... From Zimbabwe

"Greek banks closed for a week, cash withdrawals from ATM’s restricted to a limited amount per person per day is all too familiar to Zimbabweans. We know exactly how this feels: the fear, anger, despair and disbelief that goes with watching your life savings evaporating and knowing there’s nothing you can do to save it."

Jul 07 15:06

GREEK ISLAND’S IMMIGRATION OFFICE STRUGGLES TO PROCESS MIGRANT INFLUX

The Greek island of Lesbos, typically a popular European vacation destination, has received such a prodigious influx of refugees attempting to enter Europe by crossing the Aegean Sea from Turkey that immigration offices on the island are remaining open 24 hours a day to process them, and are still woefully behind on the procedure.

The BBC reports that Lesbos police have told reporters their offices are open around the clock, processing about 300-500 migrants a day. Immigration officials are “absolutely overwhelmed,” the network quotes its reporter as stating. Most of these migrants are from war-torn places like Syria and Afghanistan, so the processing is essential to Greece’s national security, as police must confirm that they are, indeed, civilian refugees and not Islamic State jihadists disguised as refugees to further a terrorist plot in Europe.

"ISIS? Greece? We must invade!" - Official White Horse Souce

Jul 07 13:45

Mass Protests in Armenia Trace Their Inspiration to…Kim Kardashian

The report on Lifenews last week listed similarities between “the scenario” of Electric Yerevan and the Maidan revolution in Kiev last year: cookies supposedly supplied by the U.S. State Department were “noticed” being handed out a Yereant rally; U.S. Assistant Secretary of State Victoria Nuland had recently visited Armenia.

Jul 07 13:43

US Preparing Coup to Prevent Greece from Falling Under Russian Influence

The United States and Germany are prepared to engineer a coup in Greece to keep the country operating as a strategic asset on NATO’s vulnerable southeast European flank.

“A putsch in Athens to save allied Greece from enemy Russia is in preparation by the US and Germany, with backing from the non-taxpayers of Greece – the Greek oligarchs, Anglo-Greek shipowners, and the Greek Church,” writes John Helmer, the longest continuously serving foreign correspondent in Russia not connected to the corporate media.

The primary tip-off something is brewing can be detected by the presence of Victoria Nuland, assistant secretary of state for European and Eurasian affairs, in Athens in March.

Jul 07 12:25

It’s Not Just A Greek Problem, It’s A Bursting Global Debt Bubble

The debt is insurmountable and it can never be paid back in any possible way whatsoever. -- The way the current financial system works is that it REQUIRES that we borrow for ‘it’ to continue. However when it is admitted that we have borrowed too much and the burden has become so enormous – to the point of an inability to pay it, we have a debt crisis.

Jul 07 10:54

As Greece Falls, Will Those With Gardens Survive?

Heather Callaghan, Contributor
Waking Times

Greeks don’t want austerity, but the future is bleak and unknown. As of Friday, grocery shelves were being stripped bare of staple cooking goods, and pharmacies ran out of crucial medicines like thyroxine (thyroid treatment). More than half of those items are imported, but with banking plugs, companies are unable to pay suppliers. Things are frozen; stopped, and tens of thousands of tourists had allegedly cancelled bookings this past weekend.

Jul 07 10:48

Greece debt crisis: Angela Merkel and Francois Hollande issue Athens with 24-hour ultimatum to avoid crashing out of the euro

The eurozone’s two most powerful politicians have brushed aside the resounding No vote in the Greek referendum and told Athens that it has one last chance today to offer a new plan to get its economy in order – and avoid crashing out of the single currency. However, other leaders are losing patience, with the Dutch Prime Minister telling Athens to accept reforms or "it's over".

The unyielding line from the German Chancellor, Angela Merkel, and French President, François Hollande, came as the European Central Bank tightened the noose around Greece’s tottering lenders by squeezing their liquidity lifeline, ahead of Tuesday's summit of eurozone leaders.

The Greek government upped the stakes further by revealing that the Prime Minister, Alexis Tsipras, had telephoned the Russian President, Vladimir Putin, to discuss the consequences of the referendum in which Greeks voted by 61 per cent to 39 per cent to reject the EU’s previous austerity demands.

Webmaster's Commentary: 

My best guess here would be that Greece will refuse this ultimatum, and will be handed a financial lifeline by Russia.

The Eurozone's problem is that if they show Greece some economic mercy, other European countries will demand the same kind of deal in struggling with their debt.

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