EUROPE | WHAT REALLY HAPPENED


EUROPE

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.

Jul 07 10:06

THE GREEK EXODUS IN ONE CHART

Jul 07 08:55

Greece - What You Are Not Being Told by the Media

According to mainstream media, the current economic crisis in Greece is due to the government spending too much money on its people that it went broke. This claim however, is a lie. It was the banks that wrecked the country so oligarchs and international corporations could benefit.

Jul 07 08:49

'It's a graveyard': The software devs leaving Greece for good

The economical turmoil affecting the country is luring its tech staff away, and many don't plan to come back.

Jul 07 08:28

HOW EUROPE PLAYED GREECE

Greece feels betrayed. The people "in the know" assured us that if we did as they instructed, the situation will improve. It didn't. It got worse. And then worse again. We agreed to buy back our own debt at a premium and, by doing so, gave time to large financial interests to disentangle themselves from Greece, to put buffers against contagion. Now they don't care. Greece was played. We were convinced to get in a lifeboat full of holes and now Europe wants to set us adrift.

The people of Europe need to realise that they were all played, too. Taxpayers' money was pumped, not into Greece, but into failing banks, like everywhere else. Profit has been privatised and risk nationalised. They need to stop blaming the canary for coming up from the mine half dead.

Jul 07 08:16

‘EU wanted to get rid of Greek leftist govt. They failed’

Yanis Varoufakis left even though his government won a major victory yesterday with the “No” supporters celebrating into the night.

Jul 07 08:10

Syriza MP: It’s Time to Take Over the Banks

Costa Lapavitsas says Syriza needs to nationalize the banks and the Greek people detest the oligarchs who control big business and the media

Jul 07 07:30

Message to the people of Greece - From The UBUNTU Party

This is your moment to become a free sovereign nation of abundance on every level of human endeavor. We urge the people of Greece to use this opportunity to finally escape the enslavement of the global banking elite and start creating everything you need for yourselves, instead of creating financial wealth for the corporations and banks that own your country. Greece belongs to its people - not to the central bank or the EU Bank or the IMF or the World Bank. The people do everything - the money does nothing - but enslave the people.

Whatever you do, do not fall for the lies, bullying, blackmailing and threats of the banking elite. They have nothing except fancy buildings - you have the people and the will to become a shining light of resistance against the elite who are nothing more than an organized crime syndicate that has taken our countries hostage through their privately owned banks.

Jul 07 07:27

THE TRUTH ABOUT THE 'MORAL AMERICANS;' CONFESSIONS OF AN ECONOMIC HITMAN

Jul 07 07:25

Tsipras Begins Brussels Campaign to Keep Greece Inside the Euro

Greek Prime Minister Alexis Tsipras is in Brussels for what could be a last chance to secure a rescue from European leaders and keep his country in the euro.

After German Chancellor Angela Merkel said “time is running out” for Greece to come up with a plan, finance ministers gathered for talks with division remaining over what they were willing to accept. Leaders are then scheduled to convene at 6:30 p.m. Brussels time.

Webmaster's Commentary: 

Reports are that both sides are maintaining a hard line, despite Tsipras implied threat to take Greece out of the EU and pivot towards Russia. Tsipras has a popular mandate from the Greek people not to accept Austerity, while the EU cannot offer Greece any debt reductions without triggering more crisis in the other members of the EU driven into similar financial hardship by the private central banks. With NATO itself at risk from a Greek departure and Putin rolling out the red carpet for Greece, this means that sooner or later the US will undertake another destabilization campaign like they did in Kiev January of last year, overthrow the elected Greek government, install a pro-banker junta, and plunge yet another nation into bloody civil war!

Jul 07 07:25

The German Siege Of Greece Begins (No, This Is Not A Repeat From 1941)

Did you notice that Greece’s creditors are not rushing to offer the Greeks a new deal in the wake of the stunning referendum result on Sunday? In fact, it is being reported that the initial reaction to the “no” vote from top European politicians was “a thunderous silence“.

Jul 07 07:20

Greece debt crisis: France presses to keep Greece in eurozone

France will do all it can to keep Greece in the eurozone, because allowing it to leave would be too risky, PM Manuel Valls has said.

Jul 06 22:02

No, sweet no

The astounding NO vote that swept every part of Greece will take time to digest and understand and its meaning also depends on how the Europeans respond. But here are some immediate reactions.

The scale of the majority surprised everyone I have spoken to here in Athens as it bust the polls. Its definite, unarguable nature is a relief. This was no close-run majority that the other side could claim is illegitimate. Nor was it a mere party vote as many more supported NO than have backed Syriza.

Jul 06 22:01

From 'No' to 'Yes': Rejection of Austerity Just Beginning of European Battle

Even with a historic political victory in his pocket after seeing his nation vote overwhelmingly against the imposition of further austerity in exchange for a new loan package from foreign creditors on Sunday, Yanis Varoufakis, the outspoken finance minister of Greece's Syriza-led government, announced his resignation on Monday morning.

In a statement posted to his personal blog, Varoufakis said he "shall wear the creditors' loathing with pride" after it was made clear to him that his "absence" from future talks was urged by negotiating members of the so-called Troika—the European Commission, European Central Bank, and International Monetary Fund.

Jul 06 18:09

Could Greece Face Military Take-Over? Michael Rivero - July 6, 2015

Jul 06 14:15

“Democracy Cannot Be Blackmailed”

Greek voters have overwhelmingly turned down the terms of an international bailout in a historic rejection of austerity.

Jul 06 12:47

Greek referendum results may cause domino effect in other European countries

Greek voters say a resounding ‘NO’ to the bailout terms demanded by international creditors with most ballots counted from Sunday’s referendum.

Jul 06 10:56

A New Hope For Greece And Its Economy

Jul 06 10:46

US Policy Risks Turning Europe Into Nuclear Cannon Fodder – Mexican Analyst

Mexican journalist Alfredo Jalife-Rahme argues that NATO moves and Eastern European governments' irresponsible declarations about the growing "Russian threat" risk turning Europeans into nuclear cannon fodder.

US Set to Usher in Era of New Nuclear Arms Race?

In a recent article for leading Mexican daily newspaper La Jornada, Jalife-Rahme, a senior Mexican analyst specializing in geopolitics and international relations, stated that the countries of the former Soviet Union and the Eastern Bloc are now playing the dangerous game of "inflating the non-existent Russian threat." The journalist noted that there are numerous reasons behind these governments' actions, from "carrying out the plans of the US, to trying to score points before elections, to the hope of receiving dividends from the arms trade."

Webmaster's Commentary: 

Unfortunately, this writer's opinion is very accurate.

The US government is slouching toward a war against Russia, and wants to get that war started very soon, because the US is heading toward a financial precipice from which it may not recover any time soon.

The government wants to be able to blame the privations many more Americans will experience as a result of the war, rather than a result of lousy fiscal policy, so wants that war to happen before the nightmarish plunge in the US economy causes a massive contraction.

Russia has done absolutely nothing here. After the Putsch in Ukraine last year, orchestrated by the American government and the IMF, Crimea asked to again become part of the Russian Federation.

In a transparent, clean election, with international observers, Crimea voted to become part of the Russian Federation, and the Russian government agreed.

Crimea only became a part of the Ukraine when it was annexed by Kuschiev, himself a Ukrainian, in the 50s. Crimeans had always been a part of Russia historically, before that happened.

Putin is a master chessplayer, when it comes to geopolitics, and has, so far, very much kept his cool.

But these agressive US/NATO and Eastern European statements, about Russia being the "aggressor" here have utterly no basis in fact. The exercises the US and NATO are doing are the real acts of aggression here.

Jul 06 10:33

How Greece was robbed by the bankers

Every single mainstream media has the following narrative for the economic crisis in Greece: the government spent too much money and went broke; the generous banks gave them money, but Greece still can’t pay the bills because it mismanaged the money that was given. It sounds quite reasonable, right?

Except that it is a big fat lie … not only about Greece, but about other European countries such as Spain, Portugal, Italy and Ireland who are all experiencing various degrees of austerity.

It was also the same big, fat lie that was used by banks and corporations to exploit many Latin American, Asian and African countries for many decades.

Greece did not fail on its own. It was made to fail.

Jul 06 10:31

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 06 10:27

The "Nightmare Of The Euro-Architects" Is Coming True: JPM Now Sees Grexit, Eurogroup "Split In Coming Days"

Perhaps the best summary - or epitaph, some would say - of the shocking events that took place in Greece this afternoon, and the resultant falling dominoes that are about to be unleashed, was given by Slovakia's finance minister Peter Kazimir, who summarized events as follows:

The nightmare of the 'euro-architects' that a country could leave the club seems like a realistic scenario after #Greece voted No today

Jul 06 10:04

Tsipras NOW called Putin after referendum

Google TRanslate: A telephone conversation was held on the initiative of the Greek side.

"The subject of the conversation were the results of the referendum on the conditions for providing financial aid to Athens by international lenders completed in Greece, as well as several issues of further development of Russian-Greek relations," the statement said.

Putin also expressed support for the Greek people to overcome the difficulties facing the country is.

Jul 06 09:57

Greece Contemplates Nuclear Options: May Print Euros, Launch Parallel Currency, Nationalize Banks

As we said earlier today, following today's dramatic referendum result the Greeks may have burned all symbolic bridges with the Eurozone. However, there still is one key link: the insolvent Greek banks' reliance on the ECB's goodwill via the ELA. While we have explained countless times that even a modest ELA collateral haircut would lead to prompt depositor bail-ins, here is DB's George Saravelos with a simplified version of the potential worst case for Greece in the coming days:

Jul 06 09:56

REPORT: Yanis Varoufakis was kicked out for saying Greece should introduce a parallel currency

Yanis Varoufakis, who was Greece's finance minister until Monday morning, was reportedly pushed from his job after he told a journalist that Greece could introduce a parallel currency in the weeks ahead.

Cash is flooding out of Greek banks at the moment, and the government desperately needs money to make payments due later this month.

Jul 06 09:38

How the Media Discredit Greek Democracy

The language the Guardian and all other corporate media have been using about Syriza’s victory at the weekend against draconian EU-imposed austerity is revealing. Here are some examples of the subtle but effective framing from the paper’s front page today:

Jul 06 09:34

GREECE ~~ LOOKING TO THE FUTURE WITH OPTIMISM

61% reject European bailout offer, leaving Greece in risk of financial and political isolation within the euro zone, and a banking collapse.

Jul 06 09:21

Why Bernie Sanders praises Greek 'no' vote

Democratic presidential candidate Bernie Sanders praised the Greek people for voting down austerity measures that would lead to new loans for the country in crisis.

Sen. Sanders (I) of Vermont said in a statement that the spending cuts European creditors wanted Greece to make would do more harm than good, becoming the first presidential candidate to weigh in on the issue, according to the Huffington Post.

Jul 06 09:21

Portugal's socialists get boost from Greek referendum

The Greek referendum result is giving heart to anti-austerity parties in other countries.

Portugal's main opposition Socialist Party, which will bid for power in elections due in three months' time, says Greece's troubles show that a new approach is needed to the eurozone's financial difficulties.

Jul 06 09:11

Greece: People Repudiate the 1%-ers

The people of Greece have rejected austerity with an emphatic “No” in a referendum. The corporate media reacted predictably. Reuters depicted Greeks as defying Europe.

The language in the Reuters piece was palpably biased. It portrayed Greeks as having “overwhelmingly rejected conditions of a rescue package” [italics added] put together by “creditors” and “lenders.”

Webmaster's Commentary: 
Jul 06 08:43

Greece’s fight is for democracy in Europe. That’s why we must support it

Martin Schulz, the European parliament’s president and a so-called social democrat, whose attitude towards democracy can be generously described as ambiguous, called for the removal of Greece’s elected government in favour of a technocratic government.

It wasn’t bluster. That’s what the EU and the markets previously pulled off in Greece and, yes, in Italy: however much justifiable distaste exists for Silvio Berlusconi, it should have been his own people who removed him. In Greece itself, the oligarch-owned “free media” acted as a political machine (sound familiar?), pumping out relentless propaganda in favour of capitulating to the creditors’ demands. An alliance between Greece’s economic elite and the EU great powers told the Greek people: however tough your lives have been in the last few years, your world will cave in unless you acquiesce. And still the Greek people voted no – not narrowly, but overwhelmingly.

Jul 06 08:35

Meet the Man Who Invented the Holocaust

Holocaust High Priest by Warren B. Routledge weaves together five compelling and interrelated narratives. The book’s main concern is to present the world’s first unauthorized biography of Elie Wiesel. It shines the light of truth on the mythomaniac who, in the 1970s, transformed the word “holocaust” and made it the brand name of the world’s greatest hoax: the unfounded claim by an extremist segment of World Jewry to the effect that the German government’s wartime policy of territorial transfer of Europe’s Jews out of the Reich was in actuality an “extermination program.”

Jul 06 08:34

Greece to EU - Drop Dead!

“The referendum of 5 July will stay in history as a unique moment when a small European nation rose up against debt-bondage.”

Yanis Varoufakis, Finance Minister, Greece

Sixty percent of Greek voters rejected the financial bailout proposal offered by the European Union (EU) in Sunday’sreferendum. The EU-IMF proposal relied heavily on austerity, which would have taken current financial hardships to nightmarish proportions for the vast majority of Greeks.

Jul 06 08:27

Greeks Vote NO To EU-Imposed Austerity Paul Craig Roberts

With 90% of the votes counted, the Greek people have voted 61% to 39% against accepting the latest round of austerity that the EU is trying to impose on the Greek people for the benefit of the One Percent. What is amazing is that 39% voted for the One Percent against their own interests. This 39% vote shows that propaganda works to convince people to vote against their own interest.

Webmaster's Commentary: 

That is assuming the EU didn't try to steal this referendum, the way Britain stole Scotland's!

Jul 06 08:26

Greece Votes, Media Manipulates

In this video Luke Rudkowski gives you a real picture to what’s happening on the ground in Greece.

Jul 06 08:21

How Greece was robbed by the bankers

Jul 06 08:13

The Troika Swindle: Greeks Owe Nothing

The establishment media has hidden from view the facts behind the debt and has sided with the banks in declaring the population of Greece deserves austerity and its attendant poverty and misery because of the Greek government’s intransigence and refusal to accept the harsh conditions of the Troika, consisting of the IMF, European Commission and European Central Bank.

Left unsaid is the fact a large portion of the debt totaling about €245 billion was fraudulently dumped on the country in the course of huge bank bailouts in 2010 and 2012.

Jul 06 07:54

Iceland, the land of freedom and true democracy, grows booming economy after jailing bankster criminals

Banks around the world are no longer the quaint little savings-and-loan depositories of yesterday. Today, most of them are owned or co-opted by giant mega-wealthy criminal conglomerates that charge customers for everything from cash deposits to ATM fees.

One Western country finally figured out that allowing these criminal enterprises to continue operating business as usual was hurting growth and destroying its economy, so its government decided to make some serious reforms.

Instead of bailing out the big criminal banking enterprises, Iceland instead chose to try, convict and jail criminal banksters. And as a result, the country has the fastest recovering economy in all of fiscally moribund Europe.

Jul 06 07:50

Euclid Tsakalotos to be appointed new Greek finance minister - media

Euclid Tsakalotos set to be appointed the new Greek finance minister after Yanis Varoufakis resigned, Greek Skai TV reports. Tsakalotos was previously the deputy foreign minister responsible for international economic relations.

Varoufakis leaving the job, and a more composed Tsakalatos taking cover, could mark a thaw in the frosty negotiations between Greece and its creditors. On the sidelines of the talks the former finance minister was often referred to as ‘impossible’ do deal with.

Webmaster's Commentary: 

In other words, the new Greek finance minister is more Euro-friendly!

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