EUROPE | WHAT REALLY HAPPENED


EUROPE

Jul 05 08:36

Greek referendum: millions vote as markets prepare for turbulence – live

Is there something in this, our correspondent Helena Smith wonders?

I have just conducted a two-hour straw poll asking 12 people, across all age groups, if they had voted today and, if so, which way they had gone? A lot were returning from polls stations in the vicinity of central Athens.

Of the 12 , ten said they had voted OXI (No). The two who voted yes owned shops in the district of Plaka beneath the ancient Acropolis.

If the government (as I expect is the case) has also been conducting secret exit polls, it might explain Varoufakis’ remarks.

Jul 05 08:32

Bernie Sanders Blasts Troika for 'Abysmal Failure' of Greek Austerity

Describing the austerity policies that European creditors have imposed on Greece as an "abysmal failure," progressive presidential candidate Bernie Sanders on Wednesday chastised the so-called Troika—the International Monetary Fund (IMF), the European Central Bank (ECB), and the European Commission—for inflicting severe "economic pain and suffering" on the Greek people.

Jul 05 08:31

This Is Why The Euro Is Finished

The IMF Debt Sustainability Analysis report on Greece that came out this week has caused a big stir. We now know that the Fund’s analysts confirm what Syriza has been saying ever since they came to power 5 months ago: Greece needs debt relief, lots of it, and fast.

We also know that Europe tried to silence the report. But what’s most interesting is that this has been going on for months, as per Reuters. Ergo, the IMF has known about the -preliminary- analysis for months, and kept silent, while at the same time ‘negotiating’ with Greece on austerity and bailouts.

And if you dig a bit deeper still, there’s no avoiding the fact that the IMF hasn’t merely known this for months, it’s known it for years. The Greek Parliamentary Debt Committee reported three weeks ago that it has in its possession an IMF document from 2010(!) that confirms the Fund knew even at that point in time.

Jul 05 08:23

Greece and Other Musings On July 4th

If you become stuck in a boring July 4 hot air speech, distract yourself with this question: Are the values that Western civilization allegedly represents still extant? You don’t need to get heavy into philosophy. See if you can find any of the professed values reflected in current events.

Jul 05 08:23

Counterfeit Euros made in China are flooding Italy and Germany

Webmaster addition: Every time a western currency gets into trouble, the money-junkies scapegoat some foreign enemy to duck the blame.

Jul 05 08:21

As Referendum Looms, Troika Charged with Plotting ‘Regime Change’ in Greece

That elite financial forces in Europe are using financial muscle to provoke political outcomes in Athens has never been more apparent, say critics…

Jul 05 08:19

Austrians Sign Petition to Leave European Union

With the financial crisis in Greece reaching a fevered pitch, many have wondered what might happen to the European Union if their most debt-riddled member jumps ship. Will it cause a domino effect of defaulting nations, equally interested in leaving this unnatural union? It’s hard to say how it all might pan out, but it’s important to note that anti-EU rhetoric isn’t limited to Greece. Calls to leave the Union are being heard in unexpected places.

Jul 05 08:19

Greece Votes Media Manipulates #OXI

Jul 05 08:17

Scare-mongering Greeks to Vote “Yes” on Sunday. The Threat of Bail-in “Haircuts” on Bank Deposits

Troika supporters are going all-out to scare Greeks to accept what most harms them – endless austerity until the entire population (except its elites) is forced into impoverished indentured servitude under Western bankster rules.

The latest 11th hour rumor claims “Greek banks prepare plan to raid deposits to avert collapse,” according to the Financial Times.

A so-called “bail-in” would impose at least a 30% haircut on deposits over 8,000 euros, the FT said citing unnamed bankers and businesspeople. It would resemble the 2013 Cyprus plan imposing haircuts on uninsured deposits over 100,000 euros.

An unnamed source said the bail-in “would take place in the context of an overall restructuring of the bank sector once Greece is back in a bailout programme. This is not something that is going to happen immediately.”

Jul 05 07:58

Savers hit as Bank cuts protection on deposits to £75,000 for first time since financial crisis

Cash in bank accounts will only be guaranteed up to a limit of £75,000 from January 1, 2016, the Bank of England has said, down from the current limit of £85,000, because of the euro's weakness against the pound.

Jul 05 07:47

AS THE EUROZONE TEETERS, THE IMF DOES SOMETHING WEIRD

As Europe teeters on a precipice of its own making, some people are beginning to wonder whether the IMF might have somehow discovered it has a conscience. Strange as it may sound, rumors of the IMF’s do-gooding began spreading on Friday after the Fund published a damning report on the sustainability of Greece’s finances and the Troika’s woeful mismanagement of the country’s debt crisis.

Granted, the report was deeply critical of Syriza’s negotiation strategies and governance of Greece. But the report’s real victims were the IMF’s two Troika partners, the European Central Bank (ECB) and the European Commission, both of whom had fought to prevent its publication.

Webmaster's Commentary: 

At this moment (about 5 AM our time), the vote is considered too close to call, but will probably have a massive impact on the stock market tomorrow.

Jul 05 07:36

Greek Vote Is Too Close to Call: Polls

As Greece flooded the polls on Sunday to vote “yes” or “no” in a crucial referendum vote, two contradicting reports currently show that the race shows no discernible conclusion in sight—and that’s a bad thing.

Jul 05 04:22

With close of austerity vote just hours away, world's eyes on Greece

The question on Sunday's ballot paper reads: "Must the agreement plan submitted by the European Commission, the European Central Bank and the International Monetary Fund to the Eurogroup of 25 June, 2015, and comprised of two parts which make up their joint proposal, be accepted? The first document is titled 'reforms for the completion of the current program and beyond' and the second 'Preliminary debt sustainability analysis.'"

Voters are asked to check one of two boxes, either "not approved/no" or "approved/yes."

Jul 05 04:21

Greece divided on eve of referendum

Jul 05 04:15

‘OXI!’: Greek solidarity protesters interrupt Merkel’s speech

A speech by German Chancellor Angela Merkel was interrupted by a group anti-austerity protestors, who chanted ‘No’ in Greek in support of a negative vote in Greece’s Sunday’s referendum on whether to accept the harsh bailout demands of its creditors.

The incident occurred when Merkel was just about to begin her speech at an event in Berlin dedicated to her Christian Democratic Union Party’s 70th anniversary.

Jul 05 03:50

EU ready for well-planned disinformation campaign against Russia and other states

The EU "strategic communication plan" to counter "Russian propaganda" in Europe has not been published yet, but the very fact of its existence hits the radar screen. Originally, the nine-page plan (already seen by many reporters) was to be made public at the June 25-26 session of the European Council.

Jul 04 17:11

Big News From Greece (If True)

Webmaster addition: Desperate last-second bluff IMHO.

Jul 04 13:15

The Future of Greece Without Illusions - The National and Global Significance of a "No" Vote

The Greek people, at one of the most critical and dramatic crossroads of a history going back several thousands of years, for which they feel proud and justifiably so, shall be called, this coming Sunday, to decide once again whether man is the measure of all things or money is the measure of all things, the latter being the central “motto” and “belief” of the global financial oligarchy, the European “elites” and their domestic offshoots, attacking Greece. And in the face of the Greeks, they are attacking the social and democratic conquests of all Europeans after their victory in 1945 against fascism, if not after the French Revolution.

Jul 04 09:49

Swiss solution for Greece: two currencies - Euro co-designer

The future is unclear not only for Greece, but for the Eurozone itself. One of the architects of the Euro, Bernard Lietaer thinks hard liners in bailout negotiations are only twisting the knife in the wound.

Jul 04 09:48

What Stinks about Varoufakis and the Whole Greek Mess?First appeared: http://journal-neo.org/2015/07/03/what-stinks-about-varoufakis-and-the-whole-greek-mess/

Something stinks very bad about Greek Finance Minister Yanis Varoufakis and the entire Greek mess that has been playing out since the election victory of the nominally pro-Greek Syriza Party in January. I am coming to the reluctant conclusion that far from being the champion of the hapless Greek people, Varoufakis is part of a far larger and very dirty game.

Jul 04 09:12

Greece – Risk of False-flagging Greece into Submission and Chaos?

As we move closer to the 5 July referendum, it becomes clearer every day – Brussels, Washington and Berlin are waging an open “class war” against Greece, because the Greek people, the citizens of a sovereign country – the first democracy in Europe, the country that gave Europe her name – these people have had the audacity to democratically elect a socialist government. Now they have to suffer. They do not conform to the self-imposed rules of the neoliberal empire of unrestricted globalized privatization of public services and public properties from which the elite is maximizing profits – for themselves, of course – it is outright theft of public property.

Jul 04 08:31

Greece's Yanis Varoufakis prepares for economic siege as companies issue private currencies

Greece has stockpiled enough reserves of fuel and pharmaceutical supplies to withstand a long siege, and has set aside emergency funding to cover all the country's vitally-needed food imports.
Yanis Varoufakis, the Greek finance minister, said the left-Wing Syriza government is still working on the assumption that Europe's creditor powers will return to the negotiating table if the Greek people don't agree to their austerity demands in a referendum on Sunday, but it stands ready to fight unless it secures major debt relief.

Webmaster's Commentary: 

IF the vote is no on Sunday, look for the IMF to pull every dirty trick in the book (and then some) to attempt to get their way with anything else BUT debt relief for Greece.

Jul 04 08:28

Greek debt relief was not on table during bailout negotiations, says EU official

Debt relief was not on the table during negotiations to extend Greece’s existing bailout programme, and agree a package of reforms needed to unlock its remaining funds, according to a senior EU official.

The official told the Guardian that debt relief was “politically highly toxic for many eurozone member states”.

Webmaster's Commentary: 

The reason the money-junkies are taking h a hard line on Greek Debt relief is that if they cut Greece's debt, every other debt-crippled member of the EU will demand the same thing.

Jul 04 07:41

The Artificiality of Greek Debt and its Odious Nature

The measures imposed against the Greek people were wholly antithetical to fundamental human rights as these stem from customary international law, multilateral treaties and the Greek constitution. Consequently, these ‘loans’ were held to be odious, illegal or illegitimate. The recommendation of the Committee was that Greece was not only entitled but obliged to unilaterally repudiate such illegal, odious and illegitimate debts on account of its international human rights obligations and economic self-determination.

Jul 04 05:55

Sunday’s vote will determine liberty or serfdom for the Greek people

2,500 years ago Greeks saved their independence from the Persian Empire. Sunday’s vote will tell us whether Greeks have again served liberty or whether they have succumbed to Washington’s Empire.

The fate of all Europeans and of Americans themselves will be settled on Sunday.

Jul 04 05:23

Mass demonstration opposes austerity in Greece

Ahead of Sunday’s referendum a massive protest took place in Athens Friday evening, in opposition to the austerity programme of the European Union (EU) and International Monetary Fund.

In a show of defiance, tens of thousands of people packed Athens’ central Syntagma Square in front of the parliament building. The main sentiment expressed by the crowd was a determination to end years of austerity. Among them were many young people.

Jul 04 04:26

EU, troika subjecting Greece to terrorism: Finance minister

Greek Finance Minister Yanis Varoufakis has slammed the European Union and the international lenders for attempting to “humiliate” his nation, saying their treatment of Greece’s debt crisis amounts to “terrorism.”

Jul 04 04:02

Greece Faces New Kind of Coup

Two months ago Euclid Tsakalotos, the deputy Foreign Minister, took over as Greece's new chief negotiator, instead of Finance Minister Yanis Varoufakis. He says the government faces a new kind of coup, one that is not carried out with tanks, as in 1967, but through banks.

Jul 04 03:55

What Stinks about Varoufakis and the Whole Greek Mess?

Something stinks very bad about Greek Finance Minister Yanis Varoufakis and the entire Greek mess that has been playing out since the election victory of the nominally pro-Greek Syriza Party in January. I am coming to the reluctant conclusion that far from being the champion of the hapless Greek people, Varoufakis is part of a far larger and very dirty game.

Jul 04 03:28

How Europe cancelled Germany’s debt in 1953

Given the intransigence and downright hostility of Germany's political leadership over the issue of the repayment of Greek debt, the story of Greece's participation in the write-off of German debt in 1953 deserves to be brought into the limelight once more.

Jul 04 03:16

As Referendum Looms, Troika Charged with Plotting 'Regime Change' in Greece

With so much still up in the air, it was Tsipras who took to his Twitter account on Friday with this simple message for Greeks ahead of the vote: "Greek citizens, the time has come for responsibility and democracy. Let's silence fear-mongering and baseless talk of disaster."

He then added: "Let us calmly go to the polls and make our choice by weighing the arguments—not the slogans."

Jul 03 18:24

Iceland repeals blasphemy ban after Pirate party campaign

Iceland has legalised blasphemy following a campaign started by the Pirate party after the Charlie Hebdo terrorist attacks in France. The move to repeal the 75-year-old law, under which blasphemers could be imprisoned for up to three months or fined, faced opposition from some church groups.

In a statement on its website, the party wrote that it was a victory for freedom of speech and showed the principle could not be defeated by terrorist attacks. The law, which was passed in 1940, had been an attack on “humorists and all the friends of freedom of expression”, the party added.

The bill that it introduced read: “Freedom of expression is one of the cornerstones of democracy. It is fundamental to a free society that people should be able to express themselves without fear of punishment, whether from the authorities or from other people.”

Jul 03 18:23

Greek Depression vs Great Depression

Jul 03 17:55

Let's stand with Greece! You can help!

Jul 03 16:32

Greek banks down to €500m in cash reserves as economy crashes

The daily allowance of cash from many ATM machines has already dropped from €60 to €50, purportedly because €20 notes are running out

Jul 03 16:28

Whether Greece votes yes or no, the euro cannot survive in its current form

For all of those deluded Europhiles who believed that enforcing an artificial, imperfect currency on 19 different, divergent nations was a good idea that would help bring about peace, friendship and prosperity, the events of the past few weeks have surely been devastating.

Jul 03 16:03

Food collapse unfolding in Greece: Grocery store shelves to be stripped bare... supermarkets raided... home gardens now the new 'secret weapon' against starvation

"A halt to international payments from Greek bank accounts is ...threatening supplies of vital goods like food and clothing into the debt-crippled country," reports Reuters. [1]

That story, which is already 24 hours old by the time you read this, says that grocery shortages are just around the corner, and that the only thing keeping some groceries in stock is the fact that nobody can acquire enough cash to buy them!

Jul 03 15:28

Tyler Durden's picture Greek Banks Considering 30% Haircut On Deposits Over €8,000: FT

"Greek banks are preparing contingency plans for a possible “bail-in” of depositors amid fears. The plans, which call for a “haircut” of at least 30 per cent on deposits above €8,000, sketch out an increasingly likely scenario for at least one bank, the sources said."

Jul 03 14:52

Some Perspective On The "Greek Carnage"

Jul 03 13:24

Just Before Round of Negotiations on the Proposed 'Trade in Services Agreement' (TISA), Wikileaks Releases Updated Secret Documents

Today, Wikileaks released a second batch of the most updated draft texts on the proposed TISA, along with substantive analysis, on each of four massive services sectors: Financial Services, Telecommunications Services, Electronic Commerce, and Maritime Transport. This follows on their release yesterday of cross-cutting annexes on Domestic Regulation, the "Movement of Natural Persons," Transparency, and Government Procurement, and the Agenda for next week's negotiations, along with what Wikileaks called the journalistic holy grail: the Core Text of the proposed agreement. The negotiating texts are supposed to remain secret for five years after the deal is finalized or abandoned.

Jul 03 11:02

The Politics of Fear Ahead of Greek Referendum

Elite interests aim to keep Greece on the path of further austerity, say University of Greenwich’s Ozlem Onaran and University of London’s John Weeks.

Jul 03 09:56

The 'Institutions' Knew Greek Bailout Was a Scam

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.

In other words Merkel knew at the time of the original bailout that the terms were not sustainable. That is, Greece, even with the original haircut that was put in the debt and the bailout loans they would not be able to pay.

But she pushed for it anyway and to this day has not admitted this.

Jul 03 09:44

Tsipras asks for 30% debt haircut, 20yr grace period

The only way to make Greek debt sustainable is to cut it by 30 percent and introduce a 20-year grace period, said PM Tsipras, as the landmark referendum on July 5 nears.

Jul 03 09:37

Greece – Vote “NO” on Sunday

Jul 03 09:34

What We Are Seeing On The Ground In Greece

In this video Luke Rudkowski takes you on his first day arriving in Greece and covering the situation there on the ground.

Jul 03 09:34

What It All Comes Down To On Sunday

"Do you think Europe should forgive your debt, check box 'Yes' or 'No'." "No" means a lot of pain now and recovery later. "Yes" means less pain now but no hope of recovery ever. Choose wisely...

Jul 03 08:45

Troika Maneuvering to Rig Greek Referendum

The EU leaders will not travel to Athens until after the referendum. Suddenly they realize that their powers are so off the wall that they dare not expose their own schemes. Hollande of France wants a resolution for he fears a Frexit is gaining momentum. Obama wants a resolution, fearing Greece will be forced into the arms of Russia, breaking down NATO.

Jul 03 08:41

Greek solidarity protests across Europe ahead of referendum LIVE UPDATES

Thousands of protesters in European cities are rallying in solidarity with Greece ahead of the weekend referendum on a cash-for-reform deal with creditors.

Jul 03 07:24

Martin Armstrong: Troika Is Maneuvering To Rig The Greek Referendum

The Troika deliberately closed the banks to punish the people of Greece, and to show them what exiting the euro means. This appears to be their only way of diverting the crisis with orchestrating a fake “YES” vote to economic suicide. The Troika will attempt to rig the referendum as they did with the Scottish elections. So expect biased vote counting in favor of a “YES” vote to stay in the euro. As Stalin said, “Those who vote decide nothing. Those who count the vote decide everything.”

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

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