EUROPE | WHAT REALLY HAPPENED


EUROPE

Jul 16 14:56

Metro delays, Pori panel, 2nd coldest summer and 6th place reputation

Next, the country’s leading daily Helsingin Sanomat reports that the summer of 2015 may just go down as the second-coldest summer on record, as Finland has only had four days where the temperature has reached more than 25 degrees Celsius so far. “If you measure the summer in terms of the number of very warm days, this summer is not quite the worst ever, however. In 1962, Finland only had three days over 25C all summer,” says the paper’s meteorologist Annina Törmä.

Many locations in Finland haven’t even made it past the 25 degree mark yet this summer. Even Oulu, which is known for its high summer temps, has only seen a high of 23. The temperature reached 30 degrees Celsius at nine observation stations in Finland on only one day this summer, July 3rd.

Jul 16 14:42

Greek Banks Just Became A "Strong Sell" At Any Price

Even as Greek banks, severely depleted of cash and eligible collateral they can post with the ECB, stand to fight another day (and potentially face more withdrawals as soon as the Greek banks reopen supposedly on Monday) thanks to another €900 million liquidity infusion, investors in Greek bank shares will be less lucky: "to ensure a new bailout, investors in the country’s banks faced the prospect of their holdings being "wiped out" under the terms of a €25 billion recapitalization plan."

Jul 16 14:38

European Agency to Investigate HPV Vaccines

By Norma Erickson

Sunday, July 12th Svenska Dagbladet (a Swedish newspaper) released a story giving hope to hundreds of Danish families whose lives turned upside-down when their daughters began to experience multiple new medical conditions after HPV vaccine injections. This newspaper announced the European Medicines Agency (EMA) was launching a probe into possible side effects of the highly controversial HPV vaccines. Finally, these families believed they might get some answers as to why their daughters had transformed from healthy athletic girls to mere shadows of their former selves...

Jul 16 14:35

Iran’s Long-Game Diplomatic Strategy

Iran has sought negotiations with the U.S. for two decades, but both Democratic and Republican administrations favored hostility demanded by Israel and Saudi Arabia.

Now that Iran nuclear deal is completed, the attention of Western news media and political commentators is predictably focused overwhelmingly on the opposition to the agreement within the U.S. Congress and from Israel and the Saudi-led Sunni Arab coalition.

That media lens misses the real significance of the Joint Comprehensive Plan of Action, which is that Iran succeeded in negotiating an agreement with the United States that upheld its national right to a nuclear program despite the obvious vast disparity in power between the two states. That power disparity between the global hegemon and a militarily weak but politically influential regional “middle power” has shaped not just the negotiating strategies of the two sides during the negotiations but, more importantly, how they came about in the first place.

Jul 16 14:31

Who’s Next for Berlin’s Financial Blitzkrieg?

The financial terms dictated to Athens over the latest so-called bailout is nothing less than the subjugation of a sovereign country to the dictate of German banks. The troubling question for several European states is: who’s next?

Jul 16 13:40

IMF - Greek Debt Untenable

Overwhelming Greek debt is a time bomb sure to explode. It's unsustainable. It's just a question of when the Hellenic Republic implodes - crushed under the weight of a deepening financial burden no nation can bear indefinitely - especially ones with no control over their monetaryIt's got most House and Senate members convinced. It's working on others directly and through its Lobby - applying their usual heavy-handed pressure.

Jul 16 12:59

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“. Needless to say, the European elite were not pleased by how the Greek people voted, but they still have all of the leverage. In particular, it is the Germans that are holding all of the cards. If the Germans want to cave in and give the Greeks the kind of deal that they desire, everyone else would follow suit. And if the Germans want to maintain a hard line with Greece, they can block any deal from happening all by themselves. So in the final analysis, this is really an economic test of wills between Germany and Greece, and time is on Germany’s side. Germany doesn’t have to offer anything new.

Jul 16 11:57

Germany Wastes No Time, Puts Greece "For Sale" On Craigslist

Jul 16 11:27

Greece: PM Tsipras Banishing Ministers Opposing Sellout to Creditors, Syriza Sharply Divided

Finance Minister Yanis Varoufakis resigned after being pushed out – replaced by Euclid Tsakalotos.

After leaving, he said he’s no longer under “incredible pressure to negotiate for a position I find difficult to defend…”

He cited the “complete lack of any democratic scruples (displayed by) the supposed defenders of Europe’s democracy. (V)ery powerful figures look you in the eye and say ‘(y)ou’re right in what you’re saying, but we’re going to crunch you anyway.”

Paying dominant bankers and large creditors like Germany alone matters – no matter the pain and suffering inflicted on millions of Greeks helpless against the war on their well-being.

Make no mistake. What’s happening in Greece signifies what’s ongoing throughout Europe, America, Canada, and other countries, heading for getting much worse – ending social justice to enrich monied interests more than ever, and at the same time, destroy what remains of democratic rights. Financial tyranny rules!

Webmaster's Commentary: 

Tsipras ran on a platform opposed to austerity, backed up by the recent referendum, sold out his party and his people to the money-junkies and is now executing a Stalinist purge against members of his own party still supporting those principles on which Tsipras campaigned!

This is why no politician can be trusted, ever, other than to do what they are paid to do by their masters in the banks.

During the French Revolution, the bankers went to the Guillotine long before King Louis XVI and Marie Antoinette.

That was not merely by chance!


Jul 16 11:12

WHY THE US FED GOV JUST CAN NOT SAY NO TO WAR

I urge anyone who reads this to watch the video above called All Wars Are Bankers Wars that will reinforce my stance and opinion into a more digestible understanding of the how and why and greed and inhumanity, as there is far more going on here than I can put into this already over lengthy op-ed and I will now explain why and how we keep the wars going and in doing so make a small cartel of banksters richer… for here is the crux of it all and HERE is an example of exactly how I understand what happens…

Jul 16 10:47

Protests Erupt in Athens As Greece Approves Eurozone Bailout

TRNN's Jaisal Noor speaks to protestors in Athens, Greece about why they oppose the $96 billion dollar Eurozone bailout the Greek Parliament passed late Wednesday by a vote of 229 to 64

Webmaster's Commentary: 

Jul 16 10:23

Greek riots: Petrol bombs thrown in Athens as Greece votes through austerity reforms - live video stream

The bill fuelled anger in the governing Syriza party and led to a revolt by its members against the prime minister Alexis Tsipras, who has insisted the deal was the best he could do to prevent Greece from catastrophically crashing out of Europe's joint currency.

The vote came after an anti-austerity demonstration by about 12,000 protesters outside parliament degenerated into violence as the debate was getting under way on Wednesday night.

Riot police battled youths who hurled petrol bombs for about an hour before the clashes died down.

Demonstrations are continuing today as Greece seeks urgent relief from European lenders.

Webmaster's Commentary: 

Jul 16 10:22

Violence in Athens After Painful Bailout Deal Passed

Greece awoke with a political hangover on Thursday after parliament approved a stringent bailout program, thanks to the votes of the pro-European opposition, amid the worst protest violence this year.

The vote, vital to unlocking emergency financing from European partners as early as Thursday, left Prime Minister Alexis Tsipras weakened by a revolt in his leftist Syriza party but clinging to power for now.

Jul 16 10:09

Greece Needs to Exit!

Jul 16 09:46

US Military Coup for Euro Meltdown?

The capitulation of the Greek government to Berlin-led finance capital is a daunting watershed moment. It marks the “disciplining” of the wider European electorate under corporatist financier rule. What is happening in Greece is a forerunner for other European Union states.

Jul 16 07:05

Brussels prepares to release emergency loan to get Greece through July

Alexis Tsipras's grip on power suffers a blow with 32 of his own MPs rebelling as the Greek parliament votes in favour of new austerity measure against a backdrop of violence on the streets of Athens

Webmaster's Commentary: 

Jul 16 04:39

The World Rebukes Netanyahu

In a rare rebuke to his bullying, Israeli Prime Minister Benjamin Netanyahu failed to stop the United States and five other world powers from reaching an agreement to constrain but not eliminate Iran’s nuclear program. Yet, Netanyahu still is dominating how the U.S. public and congressional debate is being framed, with Iran accused of regional “aggression” in four countries.

There is little truth and much exaggeration to Netanyahu’s depiction of what is going on in the Middle East. Yet, the U.S. mainstream media mindlessly reprises Netanyahu’s falsehoods...

Netanyahu’s reference to “Iran’s aggression,” which is now becoming a conventional-wisdom talking point in Official Washington, was curious since Iran has not invaded another country for centuries. In 1980, Saddam Hussein’s Iraq – at the urging of Saudi Arabia – invaded Iran. But Iran has not invaded any of the four countries that Netanyahu cited.

Jul 16 04:34

US/Israeli/Saudi ‘Behavior’ Problems

There is a madness in how the mainstream U.S. media presents the world to the American people, a delusional perspective that arguably creates an existential threat to humanity’s survival. We have seen this pattern in the biased depiction of the Ukraine crisis and now in how Official Washington is framing the debate over the Iranian nuclear agreement.

In this American land of make-believe, Iran is assailed as the chief instigator of instability in the Middle East. Yet, any sane and informed person would dispute that assessment, noting the far greater contributions made by Israel, Saudi Arabia and, indeed, the United States.

The larger issue for the American people is what to do with this insane political-media system that dominates Official Washington. Either these powers-that-be are detached from reality or they are deceitful propagandists who think they can manipulate us with lies and distortions.

Jul 16 04:27

A Review of GAZA WRITES BACK — Gary Corseri

I have sometimes thought that if wars could be shown in slow-motion, we could put an end to this barbarism that gives the lie to all claims of “civilization” and “humanity.”

GAZA WRITES BACK is one of those very rare books that depicts war in slow motion.

The 23 stories here, written by 15 young authors (from late teens to early 30s, all but three female) were compiled to commemorate the 5-year anniversary of “Operation Cast Lead”—the name Israel gave to its 2008-2009 campaign to once more (but not finally) “mow the lawn” in Occupied Palestine—mostly, in this case, in Gaza.

It is a book that vivifies and personalizes the horrors, but also adumbrates the gnawing losses, the indelible memories.

Jul 15 21:58

Greece as a Euro ‘Economic Protectorate’

With Greece having agreed late last week to virtually all the Euro finance ministers’ prior demands for concessions, Euro ministers meeting in Brussels over the weekend, July 11-12, were expected to focus on discussing the terms for Greece’s debt restructuring in exchange for the latest Greek concessions. That is what Greek negotiators apparently expected—i.e. before the ministers’ hardline German-led faction raised further demands on Greece and ‘moved the negotiating goalposts’ yet again, to use a sports analogy, by proposing even more onerous requirements for a deal at Saturday’s July 11 finance ministers meeting.

Jul 15 21:54

A Nation Torn: Greece Grapples With 'Humiliating' Austerity Deal

"The scene in Athens is explosive," King's College London professor and Syriza central committee member Stathis Kouvelakis wrote for Jacobin Wednesday afternoon.

Both in and outside of Greek Parliament, tensions are running high.

A largely peaceful anti-austerity rally was disrupted at one point by an hour-long clash between anti-austerity protesters and police, leading to about 50 arrests.

Jul 15 18:58

Europe a step closer to keeping records on all passengers flying in and out of the Continent

The European Parliament's civil liberties committee LIBE voted on Wednesday in favor of collecting and storing information about all air passengers traveling into or out of the EU.

The so-called Passenger Name Record (PNR) scheme requires the storage of all data collected by airlines about passengers – including sensitive and personal information such as email addresses, credit card details, phone numbers, and meal choices (halal, kosher, etc) – for use by security agencies. The committee approved the scheme by 32 votes to 27, and also agreed to start negotiations with national ministers with a view to agreeing on a new law by the end of the year.

However, civil rights groups have been outraged at some of the proposals, particularly after the European Court of Justice (ECJ) ruled [PDF] the old Data Retention Directive illegal and disproportionate in April last year.

Jul 15 16:02

Greece debt crisis: Eurozone deal laws backed by MPs

Greek MPs have approved tough economic measures required to enable an €86bn eurozone bailout deal to go ahead.

The new legislation includes tax rises and an increase in the retirement age.

Jul 15 15:59

BREAKING: Greek Parliament Passes 3rd Bailout Agreement; Tsipras Successful in Securing Cross-Party Votes

The controversial third bailout agreement that was negotiated and agreed to– by force, according to Greek prime minister Alexis Tsipras– was passed in the Greek parliament following a tense debate and all-night vote. The deal includes tough reforms and unpopular measures that European creditors have imposed on the people of Greece.

Webmaster's Commentary: 

There will be a run on pitchforks, kerosene, and hemp rope in the Greek hardware stores, I think.

Jul 15 15:52

Greeks Can’t Tap Cash, Gold, Silver In Bank Safety Deposit Boxes

What good is holding gold and silver in a safety deposit box if your bank won’t let you access it?

Jul 15 14:45

Germany Never Intended For Greece To Stay In The Euro

There never was going to be any deal. All along, Germany has been seeking to establish conditions that would never be met so that they could force Greece out of the eurozone. But the Germans had to do this subtly so that they would end up looking “reasonable” and would not turn the rest of the eurozone against them. So why does Germany want to get rid of Greece? Well, to be honest, it is because the Germans are sick and tired of paying for Greek mistakes. In Germany, there is an obsession with having a balanced budget.

Jul 15 12:52

Athens ablaze: Angry Greeks throw petrol bombs at riot police as MPs debate new EU bailout

Hooded protestors threw petrol bombs at helmet-clad riot police as the Greek people's seething anger against the European Union (EU) reached boiling point.

Police responded by hurling tear gas canisters at the huge mob, who have gathered outside the country's parliament in an enormous protest against its international creditors.

Inside, MPs have been locked in the commons chamber since midday, debating the punitive conditions of an EU bailout deal.

Webmaster's Commentary: 

ελευθερία

Jul 15 12:41

US ‘Shot Itself in the Foot’ by Pushing Russia Toward China

Jim Rogers said that China, Korea, Japan, Taiwan, Hong Kong and Singapore are where all the money is, while the US and Europe have become the largest debtors.

Jul 15 11:44

Greek leader: 'A captain does not abandon ship'

Greek Prime Minister Alexis Tsipras scrambled to keep his party in line Tuesday ahead of a fateful parliamentary vote that will determine whether his country is able to apply for a massive international bailout or goes bankrupt.

Tsipras sought to contain a revolt by rank-and-file members of his left-wing Syriza party who vow to reject a deal he cut with European leaders to save Athens from a chaotic default and certain banishment from the group of 19 nations that use the euro currency.

Jul 15 11:36

Pepper spray, teargas employed as Greek protest against bailout deal marred by scuffles

An anti-austerity rally attended by thousands of protesters gathering outside of the Parliament in the Greek capital has spiraled into clashes with police, who are deploying pepper spray and tear gas against Molotov cocktails and rocks.

Jul 15 11:23

Greek deal poisons Europe as backlash mounts against 'neo-colonial servitude'

'It is now perfectly clear to a lot of people that the only way out of neo-colonial servitude is to break free of monetary union,' said one Syriza rebel

Webmaster's Commentary: 

Note how anyone who refuses the "blessing" of Private Central Banks is deemed a "rebel" by the presstitutes and whorespondents of the corporate media!

Jul 15 10:18

Grexit or Jubilee? How Greek Debt Can Be Annulled

The crushing Greek debt could be canceled the way it was made – by sleight of hand. But saving the Greek people and their economy is evidently not in the game plan of the Eurocrats.

Webmaster's Commentary: 

Because then every other member of the EU (and the US) would demand the same thing. The debt is imaginary in the first place. It is money that does not exist and never did. It is all make-believe and we refuse to believe the fairy tale any longer! That is why the money-junkies are so afraid right now.

Jul 15 08:52

Merkel Dealt Deadly Blow at Home as IMF Rebuffs Greek Bailout Deal

German Chancellor Angela Merkel has been dealt a heavy blow after the publication by the International Monetary Fund (IMF) of a damning report highly critical of the Greek bailout, which is likely to spell danger for her at home.

Jul 15 08:10

New IMF Report on Greece Says Projections Are Unrealistically Optimistic

A new IMF report on Greece, issued on Tuesday, July 14th, is titled “AN UPDATE OF IMF STAFF’S PRELIMINARY PUBLIC DEBT SUSTAINABILITY ANALYSIS,” and it says — these are quotations, not paraphrases — in summary:

Greece’s public debt has become highly unsustainable. … The financing need through end-2018 is now estimated at Euro 85 billion. … Greece’s debt can now only be made sustainable through debt relief measures that go far beyond what Europe has been willing to consider so far. … Public debt cannot be assumed to migrate back onto the balance sheet of the private sector at interest rates consistent with debt sustainability until debt is much lower. Greece cannot return to markets anytime soon at interest rates that it can afford. … Medium-term primary surplus target: Greece is expected to maintain primary surpluses for the next several decades of 3.5 percent of GDP. Few countries have managed to do so. …

Jul 15 07:34

Looking for a bargain?

'Nuff said! Greece effectively strips Greece of its sovereignty on the way to seizing state assets and relegates its people to perpetual debt servitude. If this is the meaning of a currency "union", it’s not entirely clear why any state would want to be a part of it.

Read more: http://allnewspipeline.boards.net/thread/4041/greece-loses-sovereignty...

Jul 14 21:58

Greece: Follow the Logic of Your Argument and Dump the Euro

The misery of austerity suffered by the people will be prolonged, and will cascade onto future generations. Greece’s sovereignty and independence are being sacrificed for what? To remain in a system that puts its economy in a straightjacket with no escape route? It is now abundantly clear that Germany is demanding the total capitulation of Greece to act as a warning to the rest of the eurozone to toe the German line.

Jul 14 21:51

Under Pressure from Europe, Tsipras Tries to Sell 'Unviable' Austerity Deal to Syriza

As a Wednesday deadline loomed for Greece to pass a package of harsh austerity measures in exchange for a fresh €86 billion bailout, Prime Minister Alexis Tsipras met with furious members of his left-wing Syriza party behind closed doors on Tuesday, attempting to sell them on a deal that will undoubtedly cause further economic hardship in the debt-stricken nation

Jul 14 21:44

The Poverty of Economics

Economics is often referred to as the ‘dismal science’, and it’s certainly a name that’s well earned. To understand why, we could look to its relative failure to foresee the global financial crisis, but to go with a more contemporary example just look at the recent events in Greece. Time and time again we have been subjected to the same tired and fallacious arguments of the Troika, who tell us that the answer to Greece’s problems – massive debt and recession – is more debt and more austerity, which culminates in….? Yes, you guessed it, more debt and even deeper recession.

Jul 14 15:24

Greek Debt/GDP: 336% By 2025

Greek debt/GDP will keep rising indefinitely and will likely hit 336% in about one decade, at which point Greece will, for all intents and purposes, cease to exist.

Jul 14 14:07

The Death of Free Speech — Is Spain the horrific future of the US?

Those in power have simply convinced themselves that the people do not understand what is good for them so they must impose their will upon the people but raw force. How does this differ in any what from the justification of imposing communism? This is the death of all freedom and it is upon our doorstep.

Jul 14 11:22

Varoufakis: ‘Greece Was Working on a Drachma Plan’

Yanis Varoufakis resigned from his finance minister post just a week ago and is already causing commotion away from the center of political and economic activity.

Varoufakis gave an extensive interview to Harry Lambert for the NewStatesman, released on July 13, in which he gives his own account of his 5 month term in office.

One of the most insightful points of the interview comes when Varoufakis admits that he had been “absolutely” thinking about a Grexit scenario since he assumed office

Jul 14 09:58

3 Big Reasons Why The ‘Greek Debt Deal’ Is Really A German Trap

Greece is saved? All over the planet, news headlines are boldly proclaiming that a “deal” has been reached which will give Greece the money that it needs and keep it in the eurozone. But as you will see below, this is not true at all. Yesterday, when I wrote that “there never was going to be any deal“, I was not exaggerating. This “deal” was not drafted with the intention of “saving Greece”. As I explained in my previous article, these negotiations were all about setting up Greece for eviction from the euro.

Jul 14 09:34

The Secret Bank Bailout

The rescued are not in the poorer Euro states – unlike commonly believed – but mainly in Germany and France. A large part of the money ends up with the creditors of the banks that want to be saved or must be saved.

Jul 14 09:33

Greece Just Lost Control Of Its Banks, And Why Deposit Haircuts Are Imminent

Yes, Greek banks may have been insolvent - something that was clear since the first bailout of 2010 - but at least the Greek state had control over them: as such it could have mandated mergers, recapitalizations, liquidity injections, even depositor bail-ins (perhaps the harshest lesson for the ordinary Greek population as a result of this latest crisis is that deposits are not "cash in the bank" but liabilities of insolvent financial organizations).

Starting on Wednesday that will no longer be the case.

Jul 14 09:31

Sold! German Bank to Control, Sell Greek Public Assets

To save its crumbling economy, Greece was forced to hand over its public assets to an external fund controlled by a German bank, managed by Herr Wolfgang Schaeuble himself.

Greece and its international creditors reached an agreement after long negotiations over the past weekend. The cash-strapped Mediterranean nation will now receive a €95-billion bailout over the next three years in exchange for quite harsh economic reforms.

However, the deal didn't come as easily for Greece. German Finance Minister Wolfgang Schaeuble proposed that as much as €50-billion of Greek public assets must be transferred to an external fund and privatized over time.

Webmaster's Commentary: 

Privitization means stealing assets paid for by taxpayers and renting those assets back to the people who paid for them.

Jul 14 09:27

Greece goes on strike: Civil service workers announce 24-hour walkout after government gives in to creditors... as summit insider reveals leaders' furious rows in tense talks

Greek civil service workers have announced a 24-hour strike in the wake of today's bailout deal amid insider claims that Prime Minister Alexis Tsipras was 'crucified' during marathon overnight talks.

The union, Adedy, wants workers to protest the terms of the agreement Tsipras negotiated with Greece's creditors when their country's parliament votes on the measures needed to receive a crucial third bailout on Wednesday.

While striking a deal was considered vital to securing Greece's future within the euro and preventing the country's economy collapsing, Tsipras agreed to rush key measures on tax hikes, pension reforms, and a debt repayment fund through parliament.

An eurozone official was quoted by the Financial Times as saying: 'They crucified Tsipras in there. Crucified.'

Jul 14 09:16

Varoufakis: Greek Deal Is "Coup", Turns Greece Into "Vassal" State, And Deals "Decisive Blow" To European Project

Europeans, even those who give not a damn for Greece, ought to beware.The Euro Summit statement of yesterday morning has nothing to do with economics, nor with any concern for the type of reform agenda capable of lifting Greece out of its mire. It is purely and simply a manifestation of the politics of humiliation in action.

Jul 14 09:04

Merkel's CDU hardliners still unhappy with Greek bailout deal

Logically, then, German politicians should be delighted with the outcome of the Brussels talks. Assuming that Greece's parliament passes the draconian measures the EU is demanding, Merkel ought to have no trouble getting the support of her Christian Democratic Union so that she can persuade the Bundestag to let her continue bailout talks.
Brüssel EU Regierungsgipfel zu Griechenland Merkel Tsipras Hollande

"I'm not so sure," says Olaf Boehnke, head of the Berlin office of the European Council on Foreign Relations think tank. "I was in the CDU parliamentary party in the Bundestag this morning, and it's an unbelievably emotional issue there."

For many in Merkel's conservative party, the thought of giving Greece any kind of bailout at all is complete anathema. "The people there are sick of it," Boehnke told DW. "The way that Tsipras has acted has annoyed a lot of people. A lot of the party are saying we are not going to play along."

Jul 14 08:33

Greece is being treated like a hostile occupied state

Like the Neapolitan Bourbons – benign by comparison – the leaders of the eurozone have learned nothing, and forgotten nothing.

The cruel capitulation forced upon Greece after 31 hours on the diplomatic rack offers no conceivable way out the country’s perpetual crisis. The terms are harsher by a full order of magnitude than those rejected by Greek voters in a landslide referendum a week ago, and therefore can never command democratic assent.

They must be carried through by a Greek parliament still dominated by MPs from Left and Right who loathe every line of the summit statement, the infamous SN 4070/15, and have only agreed – if they have agreed – with a knife to their throats.

EMU inspectors can veto legislation. The emasculation of the Greek parliament has been slipped into the text. All that is missing is a unit of EMU gendarmes.

Jul 14 08:29

Greece debt crisis: Tsipras could resign after the Greek government vote on European bailout terms

Alexis Tsipras may resign over concessions he made to Greece’s European lenders in Brussels on Monday.

"There is speculation this morning that PM Tsipras is considering a government resignation once these measures have been passed in parliament given the scale of failure in his strategy to get a better deal for Greece," said Derek Halpenny, a European head at the Bank of Tokyo-Mitsubishi.

Jul 14 07:39

3 Big Reasons Why The ‘Greek Debt Deal’ Is Really A German Trap

This “deal” was not drafted with the intention of “saving Greece”. As I explained in my previous article, these negotiations were all about setting up Greece for eviction from the euro. You see, the truth is that Greece desperately wants to stay in the euro, but Germany (and allies such as Finland) want Greece out. Since Germany can’t simply order Greece to leave the euro, they need some sort of legal framework which will make it possible, and that is what this new “deal” provides. As I am about to explain, there are all kinds of conditions that must be satisfied and hurdles that must be crossed before Greece ever sees a single penny. If there is a single hiccup along the way, and this is what the Germans are counting on, Greece will be ejected from the eurozone. This “deal” has been designed to fail so that the Germans can get what they have wanted all along.

Jul 14 06:15

Calendar of key Greek risk events

Jul 14 06:07

IT STARTS: GREEKS REBEL AGAINST BAILOUT, RISK COLLAPSE

Greece’s union of civil servants, Adedly, called for a 24-hour strike on Wednesday, and for a series of demonstrations, the first one tonight at Syntagma Square, just below the Parliament, and another one on Wednesday evening, when Parliament is expected to vote on the new, even tougher, and immensely hated bailout package. The union for local government employees, Poe-Ota, also called for a 24-hour strike on Wednesday, the AFP reported. Two other demonstrations against austerity and the “euro” are planned for Monday night, one organized via social networks, the other by Antarsya, an anti-euro party that didn’t make it into Parliament.

Jul 13 19:52

Greece goes on strike: Civil service workers announce 24-hour walkout after government gives in to creditors... as summit insider reveals leaders' furious rows in tense talks

Greek civil service workers have announced a 24-hour strike in the wake of today's bailout deal amid insider claims that Prime Minister Alexis Tsipras was 'crucified' during marathon overnight talks.

The union, Adedy, wants workers to protest the terms of the agreement Tsipras negotiated with Greece's creditors when their country's parliament votes on the measures needed to receive a crucial third bailout on Wednesday.

While striking a deal was considered vital to securing Greece's future within the euro and preventing the country's economy collapsing, Tsipras agreed to rush key measures on tax hikes, pension reforms, and a debt repayment fund through parliament.

An eurozone official was quoted by the Financial Times as saying: 'They crucified Tsipras in there. Crucified.'

Jul 13 19:50

British taxpayers will be liable for £1BILLION of emergency loans to Greece as European Commissioner tears up 'black and white' deal to protect UK from bailout bills

Chancellor George Osborne will today attempt to fight off a European bid to force the British public to contribute almost £1billion towards any bailout of Greece.

Sources close to Jean-Claude Juncker, the arch-federalist European Commission president, say he wants the UK to release the funds as part of emergency loans to the country.

But this would break an agreement made by David Cameron in 2010 that Britain would not have to pay, because it is not a member of the eurozone. Commission officials say this deal was nothing more than a ‘political’ accord with no legal force.

Jul 13 18:18

3 Big Reasons Why The ‘Greek Debt Deal’ Is Really A German Trap

You see, the truth is that Greece desperately wants to stay in the euro, but Germany (and allies such as Finland) want Greece out. Since Germany can’t simply order Greece to leave the euro, they need some sort of legal framework which will make it possible, and that is what this new “deal” provides.

Jul 13 15:45

Everything You Need to Know About the Greek Crisis and ECB Fascism in Two Paragraphs

There is no democracy in Europe. None.

Varoufakis said that Schäuble, Germany’s finance minister and the architect of the deals Greece signed in 2010 and 2012, was “consistent throughout”. “His view was ‘I’m not discussing the programme – this was accepted by the previous [Greek] government and we can’t possibly allow an election to change anything.

“So at that point I said ‘Well perhaps we should simply not hold elections anymore for indebted countries’, and there was no answer. The only interpretation I can give [of their view] is, ‘Yes, that would be a good idea, but it would be difficult. So you either sign on the dotted line or you are out.’”

Any questions?

Jul 13 15:44

'Austerity Has Won': Greece Submits to Divisive Reforms

After 31 hours of tense weekend talks—and five years of crippling austerity—Greece and its foreign creditors have struck a deal: an €86 billion bailout that will keep Greece in the Eurozone in exchange for controversial economic reforms that include tax hikes, pension overhauls, and severe budget cuts if the nation misses fiscal targets imposed and monitored by the so-called Troika.

Jul 13 14:41

Greece Just Lost Control Of Its Banks, And Why Deposit Haircuts Are Imminent

One of the preconditions imposed on Greece for a deal is that it signs into law European rules that would put euro zone authorities at the ECB and in Brussels, rather than Athens, in charge of identifying and closing or breaking up sick banks. This in turn could lead to a shake-up of the sector that could see some banks close, with losses pushed onto bondholders and possibly even large depositors. In such circumstances, there would be little that Athens could do to prevent this.

Jul 13 12:10

'1984' Comes To Europe - The End Of Freedom Of Speech In Spain

Spain has shown that it is fully on board with the Brussels authoritarian direction of ending democracy. Those in power have simply convinced themselves that the people do not understand what is good for them so they must impose their will upon the people but raw force. How does this differ in any what from the justification of imposing communism? This is the death of all freedom and it is upon our doorstep.

Here are the new laws in Spain:

Webmaster's Commentary: 

Somewhere in Hell, Francisco Franco is laughing!

Jul 13 12:09

What Assets Did Greece Just Hand Over To Europe: "Airports, Airplanes, Infrastructure And Most Certainly Banks"

With the provocative and dramatic Greek "time out" language pulled from the final finmin and summit draft language, the two most humiliating aspects of the latest extend and pretend "deal" for the Greek people will be the return of the Troika's (surely we can call it the Troika again as part of the Greek capitulation) IMF mission to Athens, and the escrowing of some €50 billion in Greek assets in a liquidation fund.

Granted said fund will not be domiciled in Luxembourg as was originally envisioned, but Europe will still have control and first refusal rights over what are technically Greek properties, in the process Athens handing over about 25% of Greek GDP (and sovereignty) over the Brussels.

Jul 13 12:00

Euro Zone Leaders Reach Agreement To Rescue Greece

Euro zone leaders made Greece surrender much of its sovereignty to outside supervision on Monday in return for agreeing to talks on an 86 billion euros bailout to keep the near-bankrupt country in the single currency.

The terms imposed by international lenders led by Germany in all-night talks at an emergency summit obliged leftist Prime Minister Alexis Tsipras to abandon promises of ending austerity and could fracture his government and cause an outcry in Greece.

"Clearly the Europe of austerity has won," Greece's Reform Minister George Katrougalos said.

Webmaster's Commentary: 

I expect rioting in Greece as the people realize Tsipras has broken his promises. My sympathies are with the Greek people!

Jul 13 11:58

Greek PM Tsipras Agrees to Key Demands of Eurozone Leaders

In what many are calling a complete surrender, Tsipras' agreement to a 50 billion euro privatization fund and much more could split Syriza and lead to new Greek elections -

Webmaster's Commentary: 

Or another civil war!

Jul 13 11:22

The Problem of Greece Is Not Only a Tragedy. It Is a Lie

An historic betrayal has consumed Greece. Having set aside the mandate of the Greek electorate, the Syriza government has willfully ignored last week’s landslide “No” vote and secretly agreed a raft of repressive, impoverishing measures in return for a “bailout” that means sinister foreign control and a warning to the world.

Jul 13 11:07

Why NATO Fears 'Grexit'

With Greece tottering on the brink of leaving the Eurozone, experts of all stripes have been debating Grexit's security implications, including Athens' relationship with NATO. While naysayers argue that the geopolitics behind Grexit "are actually pretty boring," others warn that the implications for the bloc could be far more serious.

Jul 13 10:56

How German Media See The New Greek 'Deal'

Jul 13 10:55

Prosecutors indict Romania's prime minister in wide-ranging corruption probe

Romanian prosecutors indicted Prime Minister Victor Ponta on Monday as part of a wide-ranging corruption investigation and seized his assets, putting further pressure on him to resign.

Prosecutors said Ponta has been indicted on charges including tax evasion, money laundering, conflict of interest and making false statements while he was working as a lawyer in 2007 and 2008. At the time, Ponta was a lawmaker. He denies wrongdoing.

Prosecutors also said in a statement Monday that they temporarily froze Ponta's personal assets which include shares in a house, an apartment and several bank accounts. He sold two apartments in May for 150,000 euros ($170,000) and also sold a car.

Ponta, who took office in 2012, is the first sitting Romania prime minister to be indicted and have his assets seized.

Webmaster's Commentary: 

It seems that the Queen of the Coup Victoria Nuland has been spending time in Romania!

Jul 13 10:51

AGreekment: 'Unanimous' decision over Greek crisis reached

Jul 10 15:27

Someone Pull The Plug Or This Will End In War

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

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

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

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

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