EUROPE | WHAT REALLY HAPPENED


EUROPE

Jul 02 21:57

Behind the Greek Crisis

The usual narrative of the Greek economic tragedy is that the country is paying for its past profligacy, but there is deeper back story of political repression fueled by major powers intervening in Greece and contributing to a dysfunctional political system.

Jul 02 21:51

Greek Crisis Awaits Other NATO Partners

If the history of militarism in Greece is anything to go by, a Greek-style debt crisis is in store for the Baltic states, Poland and the Scandinavians.

Jul 02 19:18

EU Parliament President Tells Greece:Time For Another Puppet Government

European Parliament president Martin Schulz said his faith in the Greek government had reached "rock bottom," and, as AFP reports, that he hopes it resigns after Sunday's referendum. Luckily, he has an idea for a solution... the time between the departure of Tsipras' hard-left Syriza party and new elections would have to "be bridged with a technocratic government, so that we can continue to negotiate." Just what The Greeks need - another "Yes man" puppet government to implement whatever Europe's bankers demand.

Jul 02 19:15

NSA Leak Reveals Both Merkel And Schauble Saw Greek Debt As Unsustainable Even After Haircut

"Merkel's fear was that Athens would be unable to overcome its problems even with an additional haircut, since it would not be able to handle the remaining debt... Within the German cabinet, Finance Minister Wolfgang Schnaeuble alone continued to strongly back another haircut... with IMF Managing Director Christine Lagarde described as undecided on the issue."

Jul 02 19:14

Greek Banks To Run Out Of Physical Cash "In A Matter Of Days"

Greek banks will run out of cash "in a matter of days," WSJ reports. Meanwhile, businesses are closing their doors as suppliers refuse to extend credit prompting the Athens Chamber of Commerce to predict that "in one week, two weeks, three weeks, it will be finished."

Jul 02 19:07

China State Official Hints Beijing May Bailout Greece

"I believe there are two ways to give Greece Chinese aid. First, within the framework of the international aid through EU countries. Second, China could aid Greece directly. Especially considering the Silk Road Economic Belt and the Asian Infrastructure Investment Bank. China has this ability," Fan Mingtao director of the Quantitative Finance Department at China's Institute of Quantitative and Technical Economics told Sputnik China. It would be difficult to imagine a more fitting pilot program for the world’s newest supranational lender than a rescue package for the birthplace of Western democracy which has been brought to its knees by that most Western of all multilateral institutions, the IMF.

Jul 02 14:52

Teachers granted power to ‘confiscate and destroy’ unhealthy school lunches

The British government is urging school leaders to use their “common law powers” to search student lunches and potentially confiscate any items they deem “unhealthy or inappropriate.”

Jul 02 14:41

Greece and the New Colonial Endgame

Jul 02 14:37

Greece: No to Austerity, Yes to Democracy

The people of Greece are at a critical moment as the country teeters on the verge of financial default. This is a clear case of the people against global banks and financial institutions. The Institute for Agriculture and Trade Policy urges all of our friends and allies to stand together with the Greek people and say no to the banks.

Jul 02 09:40

Goldman "Conspiracy Theory" Validated As ECB Expands QE Program

today’s announcement by the ECB seems to prove what we said in “Goldman’s Conspiracy Theory Stunner"; namely that Mario Draghi wants to push Greece over the edge in order to give himself an excuse to expand QE.

Jul 02 09:38

Trump on Greece's Debt Crisis: "Putin Probably Comes In To Save The Day"

Trump believes if Germany doesn't step in he fears Vladimir Putin will come in and "save the day."

Webmaster's Commentary: 

Oddly enough, I agree with him.

Jul 02 09:24

Europol vs ISIS: Battleground social media

The EU's law enforcement agency is taking on Islamic State's PR machine. Islamists have been getting the upper hand online, and have been recruiting thousands of foreigners for months. Now, Europol is finally creating a team to try and crush the social media propaganda of ISIS.

Jul 02 09:18

Greece 'Has Plan B' if Europe Refuses New Bailout

Athens has drafted a "Plan B" in case the Eurozone turns down the latest bailout request of PM Alexis Tsipras, Greek Energy Minister Panagiotis Lafazanis has said.

"Lack of [money] from the EU is not the end of the world. We have other sources," Lazafanis told Rossiya 24 TV.

Lafazanis failed to elaborate.

Webmaster's Commentary: 

China and/or Russia?

Jul 02 09:12

Pope voices concerns about Greek debt crisis

Pope Francis has expressed concern about the Greek debt crisis, his spokesman told reporters.

Father Federico Lombardi, the director of the Vatican press office, said that the Pontiff wanted to express his sympathy for the people of Greece, and to say that any solution should be based on the dignity of the human person.

Webmaster's Commentary: 

For starters, your Popeness, you might sell off your majority interest in the Beretta Arms company, and that publishing firm that produces porn, and send a check to Athens!

Jul 02 08:25

Prime Minister Alexis Tsipras’ message

On Sunday we will choose whether to accept the institutions’ agreement or whether, with the strength of the people’s verdict, we will seek a viable solution.

In any case, I want to reassure the Greek people of government’s firm intention to reach an agreement with its partners, with conditions that are sustainable and will provide for the long-term.

Since we announced our decision to hold a referendum, better proposals have been offered concerning the debt and its necessary restructuring than those that were on the table on Friday.

Jul 02 08:21

French President Francois Hollande warns entering 'unknown' territory if Greece votes 'No'

French President Francois Hollande warned on Thursday that Europe would be entering "unknown" territory if Greeks voted against tough austerity conditions attached to a bailout in a make-or-break referendum.

Webmaster's Commentary: 

I am seeing all kinds of reports that have pre-referendum polls all over the place. Strong yes, strong no, neck and neck. The media is focusing on the Greek opposition leaders who are inevitably euro-centric and ignoring Tripras and Syriza leaders. From this it appears that as expected, the money-junkies are collectively saying "Fuck Democracy" and planning to derail or steal the vote.

Jul 02 08:01

Tsipras: Greece WILL hold referendum, ‘No’ vote doesn’t mean breaking away from Europe

Greek PM Alexis Tsipras has said any statements about expelling Greece from the Eurozone should Sunday’s referendum result in a “No” vote are a bluff.

Jul 02 02:47

Police removes water cannons, armored vehicles from protest site in Yerevan

Armenia’s police has removed a car with water cannons and two armored vehicles from Mrshall Bagramyan Street in the center of Yerevan, the city’s police deputy head Colonel Valery Osipyan told TASS on Thursday.
The police is ready to restore public order on the street that has remained blocked for traffic for the last 10 days. "The police is ready to restore public order by all legal means," Osipyan said.
Commenting on removal of water cannons and armored vehicles from Marshall Bagramyan Streer, Osipyan said this "was deemed reasonable." "Considering the situation, a special approach appears every day," the colonel noted.

Jul 01 20:09

IMF: austerity measures would still leave Greece with unsustainable debt

Secret documents show creditors’ baseline estimate puts debt at 118% of GDP in 2030, even if it signs up to all tax and spending reforms demanded by troika

Jul 01 17:36

Bank closures taking their toll on businesses across Greece

Consumption apparently down 70%, tourism drying up and companies face struggle to pay for wholesale food ahead of 5 July referendum

Jul 01 17:06

Greece Explained (In 2 Cartoons)

Jul 01 17:04

Desperate Greeks Resort To Scavenging Through Garbage To Find Food

"Sometimes I'll find scrap metal that I can sell, although if I see something that looks reasonably safe to eat, I'll take it"...

Jul 01 17:01

Greece Surrenders its Sovereignty to Brussels

The Syriza government is backing down after the realization that Brussels will declare economic war on Greece by deliberately trying to plunge the country into total ruin, far worse than the sanctions imposed on Russia. This is a sad day for the entire world. It is a terrible example that the Troika is the new equivalent of a Roman Triumvirate – the death of democracy. Europeans will remember this day for it is when national sovereignty died.

Jul 01 16:40

Video: Keiser Report: Greece! Start Fresh

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the idea of “nothing to fear but fear itself” as Greece puts an end to sovereign asset forfeiture as capital controls and bank holidays are declared after its government called a referendum. In the second half, Max interviews American defense attorney Craig Brand about civil asset forfeiture.

Jul 01 15:57

Greek exit from EU not an inevitability?

Jul 01 13:53

Why we recommend a NO in the referendum – in 6 short bullet points

Negotiations have stalled because Greece’s creditors (a) refused to reduce our un-payable public debt and (b) insisted that it should be repaid ‘parametrically’ by the weakest members of our society, their children and their grandchildren.

Jul 01 13:48

Greek Prime Minister Confirms Referendum Will Go Forward

Polls suggest Greek citizens support the government in its stance against the Troika.

Jul 01 13:30

Thousands rally in austerity demonstration in Athens

In Athens’ main Syntagma Square, more than 10,000 people gathered Tuesday evening to call for a “Yes” vote in Sunday’s referendum on EU austerity measures in Greece. Many demonstrators carried European Union and Greek flags, as well as pro-EU placards, shouting, “Greece, Europe, Democracy” or “Save Democracy, Yes to Euro”.

Jul 01 12:55

EuroZone Profiteers: How German and French Banks Helped Bankrupt Greece

Alexis Tsipras, the prime minister of Greece, has called a national referendum this Sunday to call the bluff of the European Union and International Monetary Fund who are trying to force his country to accept severe austerity in return for effectively rolling over much of the countries’ debt.

Jul 01 09:52

Massive anti-austerity rally in Athens

Jul 01 09:46

Greek pensioners besiege banks, scuffles break out

Anxious crowds of Greeks on Wednesday thronged banks that were opened especially for pensioners who don't have bank cards, to allow them some access to their money. Some had been waiting since the early hours of the morning, but as the opening hour approached, tensions rippled through the crowd.

Jul 01 09:24

Almost one-third of Brits, Germans and French want EU army instead of NATO forces

A new poll shows almost one in three citizens of the UK, Germany and France want the EU to have its own armed forces which would replace its reliance on NATO troops.

Jul 01 09:05

On Greece and Europe: What is Called “Negotiation” is a Demand for Total Surrender

What is called “negotiation” is in reality a demand for total surrender. The Troika’s demand is to force Syriza to go back on the campaign promises that it made to voters who replaced the old right-wing Pasok (“socialist”) and Conservative New Democracy coalition, or else simply apply the austerity program to which that coalition had agreed:cutbacks in pensions, deeper austerity, more privatization selloffs, and a tax shift off business onto labor. In short, economic suicide.

Jul 01 09:02

Greece becomes 1st developed nation to default on intl obligations

The International Monetary Fund has confirmed that it didn't receive the €1.5 billion payment from Athens that was due by the end of June 30, Brussels time, making Greece the first developed country to default on its international obligations.

Jul 01 08:38

As Iran nuclear deadline passes, narrative battle heats up

The real issue holding things up is whether the Americans have the "political will" to make that leap, to agree in writing to its obligations (without 100 caveats) and the courage to face their sprawling bureaucracy whose bread-and-butter is the 'sanctions industry' and the 'Iranian enemy.' says Sharmine Narwani

It’s D-Day in Vienna, and the parties sitting across the negotiating table still haven’t ironed out terms to settle a 12-year standoff over Iran’s nuclear program. Expect this deadline to be missed. And prepare for a lot of hot air to fill its space.

The “hot air” is calculated narrative-spin from a range of players that seek to 1) scuttle a deal, 2) increase pressure/create leverage at the negotiating table, or 3) frame an upcoming agreement in language favorable to one side.

Jul 01 08:17

Greek PM: We aim to seal deal with creditors after referendum

Greek PM Alexis Tsipras has said any statements about expelling Greece from the Eurozone should Sunday's referendum result in a "No" vote are a bluff - and he made assurances that Greece aims to strike a new bailout deal after the plebiscite.

A defiant Tsipras addressed his fellow Greeks in a live televised speech on Wednesday. He said that his country needs new reforms, different from the ones international lenders are insisting on.

Jul 01 08:15

Greece is Screwed!

By order of Prime Minister Alexis Tsipras, Greek banks have been shut down until July 6 and withdrawals from ATMs limited to no more than 60 euros per day.

Here in the U.S., most folks can’t ever imagine such a thing happening. And in all fairness, I don’t expect such a thing to happen, either. But that’s not to say it never will.

Jul 01 07:52

Greek Pro-Euro Protesters Are Just out of Their Minds

They interviewed the “YES” protesters (yes, stay in the euro) and the response was totally off the wall. A woman responds that she knows 95% of Greeks will be hurt, but:

“It’s only in the European Union that legal democratic processes are guaranteed.”

This is the downside of democracy for stupid people who believe propaganda get to vote, yet if they remained in the euro they would not.

Jul 01 07:46

What’s the Timetable to a Grexit?

We are in the climax of Greece’s debt crisis. It has been a slow-burn crisis, a five-year-long string of high-drama confrontations amid tedious talks. These next three weeks are crucial. On Tuesday, Greece defaulted on the International Monetary Fund. July 20 is the endgame—the day Greece must repay a bond to the European Central Bank.

Jul 01 07:44

10 things they’re not telling you about the Greek crisis

The Greeks are in a crisis because they’re a bunch of lazy deadbeats, right?

After all, they work only 10 months of the year — and get paid for 14. They retire at 25 and lounge around in cafes drinking ouzo. They live on handouts from Germany and cheat on their taxes. The troika of the European Commission, the European Central Bank and the International Monetary Fund have tried and tried and tried to help them, but they just won’t listen. And now they’ve gone full moonbat and are refusing to pay back even a scrap of the money they’ve borrowed.

Right?

Rubbish.

Almost everything you’re being told about the Greek crisis is a load of complete nonsense.

Jul 01 07:42

The real losers from a Greek exit won’t be in Greece

Sooner or later, Greece is going to get out of the single currency.

And there is a paradox in that which most commentators have so far missed. When the moment comes, the Greeks themselves will be just fine. But the collateral damage will be huge.

Jul 01 07:36

Greece Again Can Save The West — Paul Craig Roberts

Like Marathon, Thermopylae, Plateau and Mycale roughly 2,500 years ago, Western freedom again depends on Greece. Today Washington and its empire of European vassal states are playing the part of the Persian Empire, and belatedly the Greeks have formed a government, Syriza, that refuses to submit to the Washington Empire.

Few people understand that the fate of Western liberty, what remains of it, is at stake in the conflict, and, indeed, the fate of life on earth. Certainly the German government does not understand. Sigmar Gabriel, a German vice-chancellor, has declared the Greek government to be a threat to the European order. What he means by the “European order” is the right of the stronger countries to loot the weaker ones.

The “Greek crisis” is not about debt. Debt is the propaganda that the Empire is using to subdue sovereignty throughout the Western world.

Webmaster's Commentary: 
Jul 01 07:17

AP on Twitter - Council of Europe: Conditions of Greek referendum fall short of international standards.

Webmaster's Commentary: 

Building a case for the creditors to ignore the will of the Greek people?

Jul 01 07:16

Greek Referendum Plan by Alexis Tsipras Tests His Power and Conviction

As Friday night became Saturday morning, with sidewalk cafes still bustling in central Athens, Prime Minister Alexis Tsipras abruptly appeared on national television.

Mr. Tsipras, only 40, had spent his five months in office locked in increasingly acrimonious negotiations with Greece’s creditors. Belittled by critics, and facing the prospect of default, he was under intense pressure to sign a deal.

Instead, Mr. Tsipras tossed a grenade.

Jul 01 07:15

Key Greek Referendum Debt Document Mistranslated

There are three scenarios, and the document’s conclusion is that under the first two there are “no sustainability issues” when the country’s financing needs are taken into account. The official translation provided by the Foreign Ministry and sent to reporters on Monday, though, was missing the word “no.” So the Greek text reads that there is a sustainability issue.

In addition, Greek parliament minutes show that a separate draft translation provided to lawmakers before they were asked to approve the referendum also dropped this crucial “no.” Spokespersons from the interior and foreign ministries declined to comment on the error.

Jul 01 07:13

Fresh Greek Bailout Proposal Falls Short of Creditors’ Demands

A new proposal for budget cuts and policy overhauls from Greek Prime Minister Alexis Tsipras was dismissed by European officials Wednesday as insufficient to revive negotiations over a new bailout for Athens.

Jul 01 06:18

Ukraine Civil War Has Revealed the EU Has No Spine

The EU is a spineless and voiceless US colony with no foreign policy at all. The EU officials are no less corrupt than the Ukrainian ones (and I am not even sure of which ones are cheaper to purchase!). This crisis also also shown that the EU has absolutely no moral or civilizational values, that all the so-called “EU values” are just a thin veneer of respectability over a systematic use of double-standards. For the life of me I cannot think of a single reason to call Poroshenko or Bokassa or Mobutu more corrupt or less principled than Merkel, Hollande or Cameron.
Numerous Russian politicians have reported that in their private conversations with European diplomats the latter have admitted many times that they fully understood Russia’s stance, but that they could not say so openly. So they are *knowingly* supporting the wrong side.

Jul 01 05:47

Norwegian kids allowed to become transgender in 7 years

The Norwegian government introduced legislation, enabling children to change their sex in the age of 7. Thus, the country will have one of the lowest age, allowing to change sex.
The vast majority of the European countries let citizens to change sex only since the age of 18.
The Royal Norwegian Ministry of Health and Care Services claimed that in a case a kid wants to change sex being from 7 to 16 years old, he should advise the parents first. After the permission, the surgery can be conducted without any psychological or medical study.
Some years ago, the Head of the Dutch Ministry of Foreign Affairs signed a declaration to stop violence and discrimination regarding nonconventional sexual orientation representatives.

Jul 01 04:51

Greece has not applied to Russia for financial aid — finance minister

Greece has not applied to Russia for financial aid in recent days, Finance Minister Anton Siluanov told reporters on Wednesday.
"No," - he said when responding to the relevant question.

Jul 01 02:09

Beyond Greece: The Euro’s Fundamental Flaw

Jul 01 01:05

Crowdsourcing campaign to bailout Greece launched by British shoe shop employee

A British shoe shop worker launched a crowdfunding campaign to help Greece pay back its $1.8 billion IMF loan, which was to fall due Tuesday. There was so much enthusiasm behind the campaign that the host website's servers were crashed from the traffic.

Jul 01 00:55

Greece’s Downfall and Redemption

Decades of exorbitant military spending account for Greece’s present downfall under an Olympian-sized debt. European governments and news media portray the problem of Greece’s financial woes as public spending profligacy.

Jul 01 00:49

Alexis Tsipras must be stopped: the underlying message of Europe's leaders

One day before Greece’s bailout ends and the country’s financial lifeline melts away, Europe’s big guns have lined up one after another to tell the Greeks unequivocally that voting no in Sunday’s referendum means saying goodbye to the euro.

Jun 30 21:55

Greek Referendum on IMF Ultimatum

This is a test. Will the internationalist banksters force extraction of their ill-gotten interest payments to bail out their reckless derivative trades gone wrong, or will a sovereign country abandon the chains of financial elite coercion and renounce their IMF and ECB debt? Make no mistake about it, Greece has lived high on the hog for decades and has serious internal problems. There is no free ride. However, the pain from the coming default is necessary to shed the yoke of a failed European Union construct.

Jun 30 21:41

Letter to God

Please forgive my cynicism and negative connotations in this letter but I find it is often necessary to infuse the negativity to emit action, anger and resolution.

Why do You allow the criminal, corporate media to continuously and incessantly lie to its citizens and not only misrepresent the facts but often fabricate stories in order to inflate the severity of the fiction?

Jun 30 21:36

Greece – A Moving Target

Mr. Tsipras lets it be known that if the Greek vote ‘yes’ – for the austerity program, he may resign – that might bring the hegemon’s desired ‘regime change’.

Greece is a moving target. A new bail-out package in the wings? Being negotiated as these lines are going to print? An act of desperation? – Confusing for sure – for the electorate, for observers – but especially for the suffering every-day Greek. Almost hour by hour things are changing.

A last-minute, last ditch negotiation with Brussels for a new bail-out program has apparently been initiated by Athens for two years. No amount has been mentioned – let alone the austerities that Greece would have to accept – or the troika.

Jun 30 19:39

Greece becomes first developed nation to default on international obligations

The International Monetary Fund has confirmed that it didn't receive the €1.5 billion payment from Athens that was due by the end of June 30, Brussels time, as Greece becomes the first developed country to default on its international obligations.

Jun 30 18:11

‘Greece not for sale’: PM Tsipras urges ‘no’ vote on Euro bailout referendum

All eyes are on Greece today, as it moves closer to defaulting on an IMF repayment, which is due in 10 hours.

Jun 30 18:03

Barack Obama Promises That Events In Greece And Puerto Rico Will Not Cause A Global Financial Crisis

Barack Obama says that we shouldn’t be alarmed by what is happening over in Greece. On Tuesday, he told reporters that this “is an issue primarily of concern to Europe” and that “I think the markets have properly factored in the risks involved“. And apparently Obama is not too concerned about the debt crisis in Puerto Rico either.

Jun 30 16:56

Eurozone Nears Chaos as Greek Banks Close

Jun 30 14:52

Athens Agonistes: Troika Extremists Write New Greek Tragedy

The people of Greece are being driven to their knees by a gang of brutal religious extremists, willing to destroy whole nations for the sake of something that doesn't even exist. Yet the 'civilized' world cheers these barbarians on as they despoil the cradle of Western democracy.

Greece is facing total collapse unless it knuckles under to the draconian demands of the bizarre cultists known as the Troika, a sinister union of three extremist groups (the I.M.F., the European Central Bank and the European Commission) who seek to impose their harsh and rigid way of life across the world. They insist that control of a nation's wealth be given over to a few powerful emirs and the Troika's favored moneylenders in its richer satrapies.

Jun 30 14:34

The bank holidays in Greece are no holiday at all

The history behind the familiar concept of the European “bank holiday” dates back to 1871, when the Bank Holidays Act was passed in the United Kingdom. It established four days each year when banks would be closed. Typically those days fell on major religious holidays. By the end of the nineteenth century, bank holidays had become a familiar part of life in the UK and Commonwealth countries - they were also considered unofficial national holidays in Ireland and then the custom spread to continental Europe in the twentieth century.

Jun 30 14:19

The Care and Feeding of a Financial Black Hole

If the black hole does succeed in sucking in Greece, then which country is next? Will it be Italy, Spain or Portugal? And, as that process continues, at what point will enough people say that enough is enough? Because when they do, the black hole will shrivel up.

Jun 30 14:02

Greece: The Five Possible Paths Forward

Greece is poised between remaining a member of the eurozone or leaving it. In fact, as WSJ’s Stephen Fidler explains, there are five possible future currency arrangements for Greece. Here they are…

Jun 30 13:51

A Gang of Wolves Comes for Greece

The election of an anti-austerity Syriza government in Greece signalled trouble for the powers-that-be in the European Union. Principally Germany which has no interest in rethinking how the EU operates, since it serves German interests so well, but also the most powerful European institution: the European Central Bank (ECB).

Jun 30 12:43

Greece willing to call off referendum in exchange for loan deal: Reuters, citing sources

The government today tabled a new proposal asking 2-year program covering the needs of chrimatodtotikes #ert country
Meaning now have choices and actions will open good prospects for the country and Europe #ert
To find a solution we must recognize the reality
The program failed and was stagnant since last August . Today ends minutes
The Greece is seeking a solution that will not constitute a submission but will not disclaims the country responsibilities
The government seeks a new financing program for 2 years
We need a new design for its debt so that it becomes viable
Last Monday Greece submitted a proposal to its Institutions considered a good basis for discussion
The next day , the same proposal was cast in " bucket " , there has been the engagement
We seek to stabilize the economy and the start of the development process
After five years of recession and austerity we can not talk about reducing salaries and pensions as far as exit from the crisis

Webmaster's Commentary: 

The story does not support the Reuter's headline

Jun 30 12:05

On Greece and Europe: What is Called “Negotiation” is a Demand for Total Surrender

What is called “negotiation” is in reality a demand for total surrender. The Troika’s demand is to force Syriza to go back on the campaign promises that it made to voters who replaced the old right-wing Pasok (“socialist”) and Conservative New Democracy coalition, or else simply apply the austerity program to which that coalition had agreed:cutbacks in pensions, deeper austerity, more privatization selloffs, and a tax shift off business onto labor. In short, economic suicide.

Jun 30 12:04

‘New demands on Iran – deliberate stumbling blocks’

All sort of things in these negotiations are going on behind the scenes, not only between the P5+1 and Iran but between the Western allies as well.

Additional demands on Iran at the nuclear talks put forward by France are basically impossible to fulfill; it’s unlikely that they were made without the full knowledge and approval of the US, says political commentator Soraya Sepahpour-Ulrich.

Jun 30 12:01

Russia: Tit for Tat – Israel Shamir.

Summing it up, President Putin speaks softly. If he carries a big stick, he does not flash it around.

Hail, fire and brimstone, new sanctions or the US tanks on its borders, Russia takes things in stride. President Putin could adopt the motto of William of Orange: saevis tranquillus in undis, calm amidst the tempest.

Jun 30 11:30

Europe Will Soon Impose Border Controls

Europe is imposing capital controls… next up will be border controls.

Why border controls? Well in truth, it was all about the money… specifically, physical cash. As we’ve noted before… with the vast majority of the global financial system based on digital money… the minute a significant number of depositors try to move their money OUT of a bank and INTO physical cash, the whole system can collapse.

Webmaster's Commentary: 

Watch for the same thing to happen here, ultimately, as a method of stemming financial contagion, if things get too bad financially.

Jun 30 10:36

'No to Austerity': Tens of Thousands Back Syriza at Rally in Athens

Tens of thousands gathered in Athens on Monday night, adding their voices to the ranks of the Syriza government officials and international observers who are urging Greek citizens to act boldly and reject the terms of an aid deal offered by Greece's austerity-loving international creditors.

Webmaster's Commentary: 
Jun 30 10:35

Europe’s Attack on Greek Democracy

The rising crescendo of bickering and acrimony within Europe might seem to outsiders to be the inevitable result of the bitter endgame playing out between Greece and its creditors. In fact, European leaders are finally beginning to reveal the true nature of the ongoing debt dispute, and the answer is not pleasant: it is about power and democracy much more than money and economics.

Jun 30 10:32

Greek Deputy Minister of Defence: there is no panic about banks closing

The Deputy Head of Greece Ministry of Defence, co-chairman Russian-Greece intergovernmental commission Kostas Isikhos told that there was no panic in Greece in connection with bank closings on a week.
According to him, despite temporary banks closing, all clients have an access to their accounts, cash machines, but money limitation is 60 euro a day.
Such measures were taken in order to protect Greek banks and freeze an outflow of funds.
Country`s Ministry of Finance informed on Tuesday, that around one thousand banks all over Greece would be opened since July 1 on three days for retirees who don’t have bank cards.

Jun 30 10:26

Saab signs deal worth billions for Swedish subs

A deal between Swedish defence giant Saab and Sweden's military for two submarines worth 8.6 billion kronor ($1.04 billion) is set to boost jobs in the Nordic country, chief executive Håkan Buskhe said on Tuesday.

Jun 30 10:24

‘Britain to send fence to France to block migrants’

Britain is reportedly set to build a 2-mile fence at the Channel Tunnel to stop migrants from boarding UK-bound trains.

Home Secretary Theresa May has said she wanted to send a “very clear message” that people will not be able to get through to the UK through this, the Daily Mail reported.

She said, “We are working very closely with the French authorities on this issue. We have been doing a number of things to increase security around the port.

“We are making a number of changes at Calais to increase security, we're also going to be putting some extra security fencing at Coquelle at the entrance to the Tunnel.”

The report says migrants have been trying to hide in vehicles waiting to board Channel Tunnel services at Coquelles and at the ferry port of Calais.

Webmaster's Commentary: 

Translation of this message, from the UK and France, to desperate immigrants: "Kill your children first, then yourselves next: we will incinerate your bones and use them for soil enrichment!"*

*Due to the recent bovine spongiform encephalopathy (BSE) crisis in the European beef industry, the use of animal-derived products to feed cattle is now severely restricted. Large quantities of waste animal meat and bone meal (MBM), also known as animal flour, have to be safely disposed of or transformed. One disposal option is pyrolysis. Vacuum pyrolysis of an animal flour sample has been performed in a laboratory reactor. The results obtained revealed that vacuum pyrolysis can be an attractive alternative to incineration and cement kilns. The process generated a combustible gas (15.1 wt %), a high calorific value oil (35.1 wt %), a solid residue rich in minerals (39.1 wt %), and an aqueous phase rich in organics (10.7 wt %). The gas and the aqueous phase can be used to provide heat to the vacuum pyrolysis reactor and the MBM drying unit. The oil can be used alone or mixed with petroleum products as a fuel in boilers or gas turbines. Conversion of animal waste by pyrolysis into fuels can contribute to the reduction of greenhouse gases. It is suggested to use the solid residue for agricultural soil enrichment in minerals and as a soil moisturizer.

To the leadership of the UK and France; some of these people cannot possibly go home, because they will be tortured and killed; others are trying to escape crushing poverty and corrupt governments at home.

And THIS policy is your most "compassionate answer" to their pain?!?

Please think again, leadership of the UK and France: you can do better than this.

Jun 30 10:02

Athens has plan B if EU refuses to finance Greece

Athens has "plan B" in case the EU does not resume its financial aid to Greece, Energy Minister Panagiotis Lafazanis said in an interview with the Rossiya 24 TV channel.
"I think that at the referendum Greeks will say their "no" to the blackmail Europe is now applying to us. After that the banks will re-open and everything will be fine. If our people say their definite "no" to this blackmail, but Europe does not change its attitude and does not resume financing, we have "plan B". The lack of money from the EU is not the end. There are other sources as well," Lafazanis says.
He refused to disclose any details of the plan. He said he hopes that that the solution will be found.

Jun 30 09:47

NATO Member Turkey Breaks Ranks: Slams EU Austerity, Offers Greek Aid

While perhaps not on the scale of China or Russia assistance, Turkey has thrown its hat into the Troika-Greece farce by offering financial assistance to its embattled neighbor. As ekthimerini reports, "We are ready to help Greece survive its economic crisis with cooperation in tourism, energy, trade," Turkish Prime Minister Ahmet Davutoglu said and Turkey's left-wing parties showed solidarity by adding, "we believe that apart from imposing austerity policies on peoples of Europe, there can be more reasonable agreements." While no aid has been asked fro Turkey says it is ready to evaluate options.

Jun 30 09:46

Varoufakis threatens EU with court as Greek default looms

Greece may take EU institutions to court to stop its creditors from pushing the country out of the eurozone. Athens' bailout expires Tuesday and a default could mean it is exiled by Brussels.

Jun 30 09:40

Greece Over the Brink

It has been obvious for some time that the creation of the euro was a terrible mistake. Europe never had the preconditions for a successful single currency — above all, the kind of fiscal and banking union that, for example, ensures that when a housing bubble in Florida bursts, Washington automatically protects seniors against any threat to their medical care or their bank deposits.

Jun 30 09:31

Greece Asks For 2-Year Bailout From ESM, Merkel Promptly Shoots It Down

Update 2: The Greferendum cancellation calls have begun and Greece has now effectively applied for a DIP loan.

GREECE MUST CANCEL REFERENDUM TO ALLOW PROPOSAL AIRING: GABRIEL
GABRIEL: GREEK TALKS CAN RESUME QUICKLY IF REFERENDUM KILLED
GREECE REQUESTS LOAN EXCLUSIVELY FOR MEETING DEBT PAYMENTS: DOC
GREECE REQUESTS BAILOUT EXTENSION TO AVERT DEFAULT: DOCUMENT

Jun 30 09:22

Greece’s Downfall and Redemption

What the Greek people can turn to is a realistic and altogether more democratic and humane option – of demanding their country slash its monstrous military spend.

Decades of exorbitant military spending account for Greece’s present downfall under an Olympian-sized debt. European governments and news media portray the problem of Greece’s financial woes as public spending profligacy.

Jun 30 08:25

Will Greece Stem the Tide of Default?

Jun 30 08:16

Greek debt crisis - live updates

The head of the European Commission has made a last-ditch proposal to try to save Greece from default. The Greek premier is reported to be considering the offer.

Jun 30 07:49

A gang of wolves comes for Greece

The election of an anti-austerity Syriza government in Greece signalled trouble for the powers-that-be in the European Union. Principally Germany which has no interest in rethinking how the EU operates, since it serves German interests so well, but also the most powerful European institution: the European Central Bank (ECB).

As of Saturday, June 27, it is clear what Syriza was up against. As Greek Finance Minister Yanis Varoufakis explained, the Eurogroup (finance ministers from the 19 countries that use the euro -- collectively, the Eurozone) was never prepared to discuss the anti-austerity proposals put forward by Syriza and provide debt relief for Greece.

Jun 30 07:47

Greece asks for new 2yr bailout program

The Greek government has asked for a new bailout program from the European Stability Mechanism (ESM), that’ll cover all the country’s financial needs for the next two years, according to the government statement.

The request also includes a restructuring plan for Greek debt to the European Financial Stability Facility, that accounts for about 63 percent of the Greece's total debt.

Jun 30 06:40

16 Facts About The Tremendous Financial Devastation That We Are Seeing All Over The World

Stock prices are crashing in China, in Europe and in the United States. Greece is on the verge of a historic default, and now Puerto Rico and Ukraine are both threatening to default on their debts if they do not receive concessions from their creditors. Not since the financial crisis of 2008 has so much financial chaos been unleashed all at once. Could it be possible that the great financial crisis of 2015 has begun? The following are 16 facts about the tremendous financial devastation that is happening all over the world right now…

Jun 30 04:38

Greeks to say 'no' to Europe at referendum - expert

European Commissioner Guenther Oettinger told German publication Handelsblatt that the decision about the referendum was unfriendly. Is there a cold war brewing between the European Union and Greece?
Pravda.Ru asked this question to Drector of the Greek Cultural Center, Theodora Giannitsi.
"This is a natural result of the impasse process of negotiations - the period that lasts for five years. This is maybe the time, when it is peoples that stand responsible for their actions, for their leaders' actions, as well as for the future of the so-called Europe," she told Pravda.Ru.
We asked the expert what would be the results of the negotiations. The Greek people are tired, she replied. The expert believes tat the Greek people will say no to the conditions that the European Union has been imposing on Greece for the last five years.

Jun 30 03:55

Markets Crash on Greece

Jun 30 03:24

White House Says It Expects Greece To Keep Commitments

Webmaster addition: This is how the financial firms that sold credit default swaps against Greece's debt plan to avoid having to pay for them, by saying there is no default because Greece will pay back the money ... eventually ... somewhere down the road ... next century ... maybe ...

Jun 30 02:27

US to work together with EU to prevent Grexit

US will work together with its European colleagues to prevent Greece’s default and exit from the euro zone, the White House press service said on Monday after talks between US President Barack Obama, French President Francois Hollande and UK Prime Minister David Cameron.
The leaders said their economic teams were in close contact and were monitoring developments in Greece and financial markets, the White House said.

Jun 30 02:26

Greece threatens to sue EU institutions to block country’s expulsion from euro zone

Greece may seek a court injunction against the EU institutions to block the country’s expulsion from the euro zone and stop suffocation of the Greek banking system by the European Central Bank, Greek Finance Minister Yanis Varoufakis said on Monday.
"The Greek government will make use of all out legal rights," the Daily Telegraph cited Varoufakis as saying. "We are taking advice and will certainly consider an injunction at the European Court of Justice. The EU treaties make no provision for euro exit and we refuse to accept it. Our membership is not negotiable," the finance minister said.

Jun 30 02:25

Europe blackmailing Greece, says minister in Athens

"The country has lived under the toughest imaginable pressure from European institutes in the past five months," he said. "They’re forcing us to do the things they’d like us to do."
"This unprecedented blackmail put us in the face of a choice, namely, either we accept what they recommend and what will put Greece to its knees and will destroy the remainders of our economy and society, or else we pull out of the euro area," said Lafazanis, one of the leaders of the ruling Coalition of the Radical Left.
"But we didn’t accept this blackmail and told them we must ask our people whether or not it accepts blackmailing," he said. "Hence we needed a referendum."

Jun 29 22:04

Group behind intercepted Gaza flotilla accuses Israel of 'piracy'

Organizers of a Gaza-bound flotilla that was intercepted by the Israeli navy complained Monday that they were victims of an act of piracy, while Israeli officials denounced the pro-Palestinian campaign as hypocritical and unnecessary.

Jun 29 19:52

Beggar Thy Neighbor? Greece's Battered Banks Beget Balkan Jitters

"Millions of people in ex-Communist Bulgaria, Macedonia, Albania, Serbia and Romania have deposits in banks owned by Greek lenders, putting this corner of south-eastern Europe in the frontline if there is contagion from the Greek crisis."

Jun 29 19:48

The Mood On The Ground In Greece: "Some Have Raised The Prospect Of Civil War"

"There have been some people that worry that the military may actually get involved. It wouldn't surprise me - there are some people in Greece that have raised the whole prospect of potential civil war."

Jun 29 19:11

Greece Crisis – How Safe Is YOUR Bank Account? Michael Rivero - June 29, 2015

Jun 29 18:40

16 Facts About The Tremendous Financial Devastation That We Are Seeing All Over The World

As we enter the second half of 2015, financial panic has gripped most of the globe. Stock prices are crashing in China, in Europe and in the United States. Greece is on the verge of a historic default, and now Puerto Rico and Ukraine are both threatening to default on their debts if they do not receive concessions from their creditors.

Jun 29 16:10

The Troika Intends to Suffocate Greece. Threaten an “Uncontrollable Crisis”…

The Central Bank of Greece surprised everyone with the publication of their monetary politics for 2014-2015. Besides revealing the consequences of the economic suffocation imposed by Brussels, it concluded that in case of not getting to a prompt deal with its European partners, a crisis of great proportions will be detonated.

“A crisis with a manageable debt as we are currently facing with the help of our partners will transform into an uncontrollable crisis, with great risk for the banking system and for the financial stability”, it quoted[1]. It was the first time this institution seriously contemplated Greece’s separation from the Eurozone.

Jun 29 15:59

Less Than 24 Hours In, Panic Hoarding Begins…

For those wondering how long they have after a full financial collapse before the shelves are empty at the grocery stores, it appears the answer is under 24 hours, as the focus has shifted in Greece from bank and ATM runs to bread and milk runs…

Jun 29 15:46

Default countdown? European banks lose €50bn as Greek debt deadline nears

The market value of European banks has shrunk by more than €50 billion after Greece shut down its banks until July, 6, the day after the referendum on the bailout deal is held.

The Stoxx 600 Banks Index fell by 4.4 percent, the biggest daily decline since November 2011, Bloomberg reports. Among the biggest losers is Portugues Banco Comercial down 9.1 percent, and Italy’s Banca Monte dei Paschi di Siena which slumped 7.2 percent. Spain’s Banco Popular Espanol has lost 6.5 percent and Banco de Sabadell was down 5.4 percent.

Jun 29 15:33

GREECE MAY BE The NEXT LEHMAN BROTHERS

Jun 29 13:46

Joke of the Day: NATO to Beat Russian Propaganda With 'Facts'

Says NATO’s political head Jens Stoltenberg

Meanwhile EU is to promoto “European values” in the post-Soviet space which actually means:

funding pro-EU NGOs and media
training journalists
influencing national media regulators (censors)

Jun 29 13:42

Iceland hands corrupt bankers prison sentences of up to four years and six months

Six defendants in the Kaupþing market manipulation case, the biggest case of this type in Iceland’s history, have been handed prison sentences ranging from one year to four years and six months.

Jun 29 13:38

Breathtaking German hypocrisy: Germany owes Greece 11 billion euros in unpaid loans

This little fact changes everything.

In 1943, Germany forced the Bank of Greece to lend it two loans worth 11 billion euros in today’s money.

And Germany has still not paid back the debt.

Jun 29 13:34

IMF has made €2.5 billion profit out of Greece loans

In April this year, figures released by the Jubilee Debt Campaign show that the IMF has made €2.5 billion of profit out of its loans to Greece since 2010. If Greece does repay the IMF in full this will rise to €4.3 billion by 2024.

Jun 29 13:21

A New Mode of Warfare - The Greek Debt Crisis and Crashing Markets

Eurozone financial strategists made it clear that they wanted to make an example of Syriza as a warning to Spain’s Potemos party, and anti-euro parties in Italy and France. The message was supposed to have been, “Avoid our austerity and we will cause chaos. Look at Greece.”

Jun 29 13:18

Just As You Suspected, Mega-Corporations Dominate EU Lobbying

The latest analytical report from Transparency International has revealed that the majority of lobbying meetings involving the European Commissioners and their staff were actually held with corporate managers. The EU declares the number of lobbying meetings it has approximately every six months.

Jun 29 12:48

7 photos that sum up what it looks like in Greece today

Here’s what it looks like in Greece today, after a weekend in which the government walked away from negotiations with creditors and declared a referendum on debt-holder demands for this Sunday: Banks are closed, and there are lines outside ATMs, where withdrawals from a Greek account are limited to just 60 euros.

That’s if there is still money in the ATM.

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