EUROPE | WHAT REALLY HAPPENED


EUROPE

Jun 26 08:17

"The US will deploy heavy weapons in central and eastern Europe for the first time, Washington says, in the midst of the worst standoff between Russia and the West since the Cold War."

The US will deploy heavy weapons in central and eastern Europe for the first time, Washington says, in the midst of the worst standoff between Russia and the West since the Cold War, triggered by the crisis in Ukraine.
"We will temporarily stage one armoured brigade combat team's vehicles and associated equipment in countries in central and eastern Europe," US defence secretary Ashton Carter said at a joint press conference with three Baltic defence ministers on the eve of NATO ministerial talks.

Jun 26 07:52

Europe tells Greece to meet debt deadline or risk 'chaos'

The leaders of France and Germany on Friday handed Greek Prime Minister Alexis Tsipras a weekend ultimatum to strike a debt deal with EU-IMF creditors or risk default.

Jun 26 07:48

Greece Rejects Bailout Extension, Tsipras Says "Won't Be Blackmailed"

Reports suggest Greece has rejected creditors' bailout extension proposal.

Jun 26 07:47

Forget Grexit, "Madame Frexit" Says France Is Next: French Presidential Frontrunner Wants Out Of "Failed" Euro

There has been some confusion why Germany and the Eurozone are so strict in negotiating with France and unwilling to concede even to the smallest of what they deem as outlandish Greek demands. The reason is not so much whether Spain or even Italy, both countries with soaring unemployment, a lost generation and a sweeping movement against "austerity", follow with comparable demands should Europe concede to Tsipras, but France, where the frontrunner for the next president, the National Front's Marine Le Pen, has just warned that not only is a Grexit inevitable, but that France would follow shortly.

Webmaster's Commentary: 

"Oh my GAWD, ISIS is in France! We must invade!" -- Official White Horse Souse

Jun 26 07:03

Greece under NATO pressure not to reduce military budget amid crisis

What is notable about the Greek reform plan is that for the first time, Athens put its defense budget on the table for discussion.

Jun 25 21:58

Europe’s Complicity in Evil

Europe is essentially captive and forced to put US interests ahead of its own. Consequently, unless Europeans find their courage and discard their servile status, Europe will be badgered into more wars and eventually led into a devastating war with Russia. One European country can do little, but concerted action would be effective. For example, why do not Europeans protest that the war criminal Tony Blair was given a post in the EU?

Jun 25 21:47

Proposed copyright bill could outlaw holiday snaps of EU landmarks

A proposal for a new law brought before the European Parliament could outlaw online posting of photographs that include famous tourist attractions, if they are still under copyright.

Jun 25 11:27

American Abrams Battle Tanks Fire in Bulgaria for First Time

American battle tanks will be deployed to Bulgaria this weekend and conduct live-fire exercises across the Black Sea from Russia for the first time.

As part of a maneuver dubbed "Power Shock," the pair of M1A2 Abrams battle tanks are scheduled to be flown from Ramstein Air Base in Germany to the Novo Selo training area in Bulgaria. They'll be joined by 15 U.S. Army soldiers from the "Speed and Power" battalion out of Fort Stewart, Georgia.

The training exercise is part of a series of NATO war games taking place at Europe's eastern borders in the wake of Russia's annexation of Ukraine's Crimea region. Earlier this week, Vladimir Putin announced that Russia would add more than 40 new intercontinental ballistic missiles to its nuclear arsenal this year.

Jun 25 09:54

Eurogroup meeting ends, Greece deal still far off

Hopes of a deal between Greece and its creditors faded once again on Thursday, as the Eurogroup meeting of finance ministers quickly ended without any signs of an agreement.

Jun 25 09:15

Greek Pensioners Demonstrate Against Inhumane Austerity Demands

45% of Greek pensioners already live in poverty due to previous austerity measures but now the troika is demanding more cuts to their pensions.

Jun 25 08:59

No more open borders in EU? Migrant issue builds barriers

The issue of illegal immigration has proved highly divisive for the EU, which has been unable to agree a common solution.

Jun 25 08:33

EU creditors deny Greek reform plan – Now what?

Prime Minister Alexis Tsipras said the international creditors didn’t accept the new Greek proposals prior to another round of negotiations on Wednesday.

Jun 25 08:29

Greece v IMF: same tactic criminal elite used to steal Africa Structural Adjustment Economic Warfare

The rulers of Greece and Europe are pulling out all the stops--including exploiting the anti-Islam and anti-immigrant hysteria following the Charlie Hebdo murders in France--to try to prevent a victory for the radical left party SYRIZA in national elections planned set for next weekend. But opinion polls still show SYRIZA with a lead over the current ruling party, the center-right New Democracy.

Jun 25 07:07

FRENCH SPIES SECRETLY ORGANIZED AND FUNDED THE LIBYAN REBELS, ACCORDING TO CONFIDENTIAL EMAILS TO HILLARY CLINTON

French spies secretly organized and funded the Libyan rebels who defeated Moammar Gadhafi, according to confidential emails to Hillary Clinton that were made public on June 22. According to one entry from March 22, 2011, “officers” with the General Directorate for External Security — the French intelligence service — “began a series of secret meetings” with Jalil and Gen. Abdul Fatah Younis in Benghazi in late February and gave them “money and guidance” to set up the council, whose formation was announced Feb. 27. The officers, “speaking under orders from [Sarkozy] promised that as soon as the [council] was organized France would recognize [it] as the new government of Libya.”

Jun 24 19:55

Commerzbank Suggests Greece Could Sell Gold Reserves to Make Payment

Bankers alchemy. Turning worthless paper into gold.

Jun 24 16:12

Agreement on Greek Crisis Could Be a Done Deal

Jun 24 13:48

Greek Democracy Is Failing — Paul Craig Roberts

The Greek debt is unpayable. It is simply too large to be repaid. The austerity that the EU and IMF have imposed on Greece has worsened the problem by driving down the Greek economy, thus making the burden of the debt even heavier. Despite the obvious fact that the EU’s austerity policy is a failure and cannot succeed, the Greek “debt crisis” drama continues.

Jun 24 13:18

Britain faces FREEZING winters as slump in solar activity threatens ‘little Ice Age’

BRITAIN could face colder than average winters with a plunge in solar activity threatening a new “little ice age” in the next few decades.

Jun 24 12:49

A New Problem For Greece Emerges: How To Do the Russian "Unpivot" After Capitulating To The Troika

It goes without saying that if Greece is scrambling to go back into the Troika's good graces, Belgium will make it very clear that any overtures to Putin are to be "cease and deceased" (sic) immediately. Which opens a can of worms for the Marxists in government: how to slam shut the door to their ideological Plan B, when everyone knows the Grexit fiasco will repeat again in a few months, and Greece will again be knocking on the Kremlin's door.

Jun 24 11:47

Austrian Campaigners Start Collecting Signatures in Support of EU Exit

According to a representative of the initiative’s non-partisan committee, Austrian civic initiative Heimat & Umwelt, or Homeland and Environment, have begun collecting signatures on Wednesday in support of the country's exit from the EU.

Jun 24 10:25

Here’s who is most exposed to a Greek default

As the chart above from Copenhagen-based Danske Bank shows, as of March Greece’s outstanding debt stood at 312.7 billion euros ($349.6 billion). Of that, €231.2 billion is in the form of loans, with €205 billion belonging to the institutions, or the “official” sector (as opposed to the private sector). The institutions include the International Monetary Fund, the eurozone’s European Financial Stability Facility and bilateral loans from eurozone countries.

The fact that so much of Greece’s debt is seen in the hands of official creditors is one reason analysts say investors have remained relatively sanguine throughout the latest chapter of the drama.

“The private sector “has almost no direct exposure to Greece anymore,” wrote strategists at J.P. Morgan Cazenove, in a Monday note urging clients to get back into German stocks.

Jun 24 10:21

Greek Film Shows Way Out of Debt Bind

"Debtocracy" introduces the concept of "odious debt" and points to strong precedents for repudiating debt that has been incurred fraudulently.

"At first we thought this predatory IMF behavior was reserved for the Third World, but now it's clear Europe and America are also in their cross-hairs."

In April 2015, a Greek parliamentary committee endorsed this concept. Clearly any debt deal reached this week will only pass the Greek parliament by virtue of the votes of the opposition parties. Greece's predicament exemplifies what may happen to any country that has forfeited its power to create credit, i.e. the medium of exchange (currency.) That's us all.

Jun 24 08:34

The U.S. And EU Will Collapse Regardless Of Economic ''Contagion''

By Brandon Smith

In order to understand what is really going on around the globe in terms of the collapsing economy, we must set aside false mainstream versions of reality. When it comes to the EU and its current fiscal turmoil, it is very important to, in some respects, ignore Greece entirely. That’s right; forget about all the supposed drama surrounding Greek debt obligations. Will they find a way to pay creditors? Will they default? Will they make a deal with Russia and the BRICS? Will there be last-minute concessions to save the system? It doesn’t matter. It’s all a soap opera, an elaborate Kabuki theater run by international financiers and globalists...

Jun 24 06:43

'Absurd' new EU law could mean you'll face legal action for taking pictures of famous landmarks: Photos could be punished for breach of copyright

A proposed EU law could see photographers punished for breach of copyright if they snap famous landmarks and works of art in public spaces.

The UK, and several other EU member states, enjoy 'freedom of panorama', which allows pictures of copyrighted works in public spaces, such as the London Eye or the Angel of the North, to be used both privately and for profit.

However, the proposed changes to EU-wide law would require snappers to obtain permission from the copyright holder, even if the landmark, building or work of art is in the background of a picture.

Jun 24 06:21

Dutch court orders government slash greenhouse gas emissions by at least 25 per cent by 2020

A Dutch court has ordered the country slash greenhouse gas emissions by at least 25 per cent by 2020, after a group of citizens took their government to court.

"The court orders the state to reduce the overall volume of greenhouse gas emissions in such a way that they are at least 25 per cent less in 2020 compared to 1990," judge Hans Hofhuis said.

The ruling came after almost 900 Dutch citizens took their government to court in April in a bid to force a reduction of greenhouse gas emissions to tackle climate change.

Jun 24 04:55

Ukraine’s President Poroshenko Says Overthrow of Yanukovych Was a Coup

Ukraine’s President Petro Poroshenko requests the supreme court of Ukraine to declare that his predecessor, Viktor Yanukovych, was overthrown by an illegal operation; in other words, that the post-Yanukovych government, including Poroshenko’s own Presidency, came into power from a coup, not from something democratic, not from any authentic constitutional process at all.

In a remarkable document, which is not posted at the English version of the website of the Constitutional Court of Ukraine, but which is widely reported outside the United States, including Russia, Poroshenko, in Ukrainian (not in English), has petitioned the Constitutional Court of Ukraine (as it is being widely quoted in English):

“I ask the court to acknowledge that the law ‘on the removal of the presidential title from Viktor Yanukovych’ as unconstitutional.”

Jun 23 15:58

Video: More austerity? Default? Grexit? EU talks spawn panic

After a day of talks in Brussels, a deal to save Greece’s teetering economy is still not in place

Jun 23 15:20

Has Washington Gone Looney Tunes?First appeared: http://journal-neo.org/2015/06/22/has-washington-gone-looney-tunes/

Given a series of recent speeches by leading US officials and actions, the question must be frankly posed: Has Washington gone collectively looney tunes? Even as the governments of the EU are moving to buck US pressures and ease the sanctions, the Obama Administration seems intent on marching in the direction of a nuclear confrontation with Russia. As the ancient Greek expression puts it, “Whom the gods would destroy they first make mad…” The following recent developments fit that pattern quite nicely, thank you.

Jun 23 13:17

Europe: Victim of Its Own Sanctions

Despite the EU’s refusal to acknowledge the detrimental effect of sanctions against Russia on its own economy, the true cost is finally hitting home...

Jun 23 13:00

GREECE ECONOMIC COLLAPSE CONTINUED...

Jun 23 09:57

Greek debt crisis LIVE UPDATES

Pensioners are marching through Athens with demands to end austerity, according to reports on Twitter. At least 70 coaches with protesters have reportedly arrived.

Jun 23 08:28

Gardasil Firestorm in Denmark

By Norma Erickson

In March 2015, a Danish national television station (TV2) aired a documentary focusing on girls who suspected they had been injured by the HPV vaccine Gardasil. Immediately after the airing of the show, girls with similar experiences started coming out of the woodwork. Virtually all of the girls had the same story to tell...

Jun 23 08:22

NATO plans 40,000-strong rapid response force in E. Europe

NATO’s rapid response Spearhead Force in Europe might reach 40,000 troops, a tenfold growth from the initial 4,000-strong force deployed last year, the military alliance’s chief said. Most of these troops will be stationed near Russian borders.

“NATO defense ministers ... [will] make a decision to further increase the strength and capacity of the 13,000-strong NATO Response Force (NRF) to 30,000 or 40,000 troops,” Secretary-General Jens Stoltenberg said Monday.

The decision is to be officially announced during NATO’s defense ministers meeting on June 24-25 in Brussels.

Jun 23 08:08

Will Seizure of Russian Assets Hasten Dollar Decline?

The timing of these actions is quite curious, coming as the Greek crisis in the EU seems to be reaching a tipping point and Greece, having perhaps abandoned the possibility of rapprochement with Europe, has been making overtures to Russia to help bail it out of its mess. And with the IMF’s recent statement pledging its full and unconditional support to Ukraine, it has become even more clear that the IMF and other major multilateral institutions are not blindly technical organizations, but rather are totally subservient lackeys to the foreign policy agenda emanating from Washington. Toe the DC party line and the internationalists will bail you out regardless of how badly you mess up, but if you even think about talking to Russia you will face serious consequences.

Jun 23 08:02

Tsipras under pressure agreed to the "solidarity tax" on earnings

Google Translate: French President Francois Hollande on the results of the summit said:

"We are approaching an agreement, but there are still a lot of work. It must be to reach a comprehensive and dugovro?nog agreement. It should all end by the end of nedelje.Ne can not be said about the exclusion of Greece from the eurozone. "

Hollande admitted that there would be no third program of financial aid to Athens:

Jun 23 07:52

Europe’s Malpractice of Greece

A modern hospital is equipped with a variety of specialized wards. One of them is the intensive care unit, or ICU. Here go those who are especially sick and in need of the most devoted attention. The existence of the ICU recognizes that illness and operations do not affect all patients in the same way. Some, who are robust, recover quickly. Others who are weaker, or older, or sicker, may require different treatments and more help.

Jun 23 07:04

Sanctions Cost: Europe could stand to lose 100bn Euros

Europe has extended sanctions against Russia over the crisis in Ukraine for another 6 months.

Jun 23 07:03

Make or Break: Greek PM, FM head to Brussels for final deal push

Greece will make a last-ditch attempt to find a deal with its European creditors at an emergency summit of eurozone leaders.

Jun 22 21:50

As Pressure Mounts, Europeans Rally in Streets for Greek Dignity

According to reports, protesters carried banners that read slogans such as, "Our lives do not belong to creditors," and "If Greece were a bank it would have been saved."

Jun 22 21:47

The Rise of the “Non Leftist Left”. The Radical Reconfiguration of Southern European Politics

Over the past decade fundamental changes have taken place in Southern Europe, which have broken with previous political alignments, resulting in the virtual disappearance of traditional leftist ’parties, the decline of trade unions and the emergence of ‘middle class radicalism’.

Jun 22 21:36

At least three killed in Graz, Austria after man drives into crowd before 'stabbing passers-by'

A seven-year-old boy is reportedly among the three people killed in Austria by a man who ploughed his car into crowds in the country’s second-largest city and then reportedly started stabbing people.

Jun 22 20:28

For The First Time Ever, Total ECB Claims On Greek Banks Surpass Total Greek Deposits

Net of the latest ELA increase, when adding some €38 billion in collateralized EFSF bonds and other collateral usage, we find that we have not only reached parity but crossed it: as of this moment Greek deposits, which are generously estimated at €120 billion but in reality are lower, are less than the total ECB claims on Greek banks and the Bank of Greece, amounting to €126 billion. And with that the possibility of a Greek bail-in which could amount to up to 100% of total Greek deposits, becomes all too real.

Jun 22 19:51

Greece Capitulates: Tsipras Crosses "Red Line", Will Accept Bailout Extension

Under pressure from all sides (and most importantly from Mario Draghi who holds the fate of the Greek banking sector in his hands) Greece looks to have folded and is now set to accept an extension of its current bailout program. PM Alexis Tsipras now faces an uphill battle to unite Syriza around what is likely to be an unpopular agreement. If he fails, the country could plunge into political and social turmoil.

Jun 22 19:30

Greece Capitulates: Tsipras Crosses "Red Line", Will Accept Bailout Extension

On the Greek side of the table, Tsipras must convince Syriza party hardliners that concessions are preferable to Grexit and the economic malaise that would come with redenomination. For some on the Left Platform, compromising the party’s electoral mandate is simply not an option and it’s these lawmakers (who just two weeks ago voted to leave the euro and default) that Tsipras will need to sway or else attempt to push an unpopular agreement through parliament a gambit which implicitly assumes that the ensuing political upheaval and voter backlash is preferable to economic collapse. The problem with the latter approach is that it effectively means the troika will have succeeded in using financial leverage to subvert the democratic process, an eventuality that die hard Syriza hardliners are in no mood to suffer.

Jun 22 16:43

Welcome to Sweden - An angry wog talks

Jun 22 14:18

Going on holiday to Greece? Tourists warned to take enough money in case cash machines are switched off in euro crisis

Crisis plans to help British holidaymakers were being drawn up last night as Greece lurched closer to bankruptcy and exit from the eurozone.

As the Government held talks on how Britons will be assisted if they become stranded, tourists were advised to take enough euro notes to cover emergencies in case Greek banks switch off cash machines.

It came as Prime Minister Alexis Tsipras defiantly refused to implement austerity measures needed to unlock emergency funds to avoid a debt default.

Jun 22 13:55

Greece’s exit from eurozone to be failure for all — Luxembourg premier

Greece’s exit from the eurozone will become a failure for all, Luxembourg Prime Minister Xavier Bettel said upon his arrival at an extraordinary summit of euro area leaders on Monday.
The heads of state and governments of the eurozone’s 19 member states are discussing the ways of preventing Greece’s default.
"Today we’ll only discuss and consider the situation again. I hope we’ll be able to move forward on Thursday or Friday [on this issue]," Television Channel Yle quoted the Finnish premier as saying.
Finish Finance Minister Alexander Stubb said earlier on Monday the Greek debt talks might last many days as Greece’s new proposals received last night had not yet been considered by the EU institutions.
The summit of the eurozone leaders and the heads of European institutions convened on Monday is expected to reach compromise on the program of structural reforms for Greece, which is required to ensure a sufficient budget surplus to guarantee its ability to repay outstanding loans.

Jun 22 11:21

US's Ashton Carter calls Putin 'malign influence' in Eastern Europe

Defense Secretary Ashton Carter has called Russian President Vladimir Putin a "malign influence" in Eastern Europe and said the Russian leader's vow to expand Moscow's cache of nuclear missiles was "loose rhetoric."

Jun 22 11:17

EU Extends Economic Sanctions Against Russia Until February 2016

European Union foreign ministers on Monday extended economic sanctions against Russia until January 31, 2016.

Jun 22 11:17

US, NATO Bracing for Long-Term Standoff With Russia Under Putin and Beyond

Instead of building bridges and accepting Russia's stance as having merit, the US and the North Atlantic Alliance have chosen to immerse themselves in shaping up for a lasting showdown with Moscow.

The standoff could last years or even decades, according to the Pentagon chief, who defended the US and NATO's intensified war-games, expanded military presence on the borders with Russia and increasingly belligerent rhetoric.

Jun 22 08:42

Land and sea migration into the European Union

Jun 22 08:34

Be wary of Russia/Greece news

While there is some important data coming out this week, in particular the corporate profits report on Wednesday, the world will be watching the European Union's debate regarding the future of Greece and whether or not politicians are willing to allow Russia to become Greece's ‘Spasitel' (savior).

If this occurs, Russia would gain an immediate advantage in ending future economic sanctions by the EU, as such a vote must be unanimous, and the Greeks would certainly side with their new comrades. One thing is certain, there will be plenty of headlines to bewilder observers and cause additional market volatility.

Jun 22 08:33

‘The People Will Not Be Blackmailed': Thousands March in Athens Against Austerity

Throngs flocked to Athens on Sunday to call on the ruling Syriza party to stand up to international creditors and reject further austerity measures.

In the second mass demonstration this week alone, thousands of protesters chanted “No to the euro” and “The people will not be blackmailed.”

Jun 22 08:27

Dire warning from Greek bank boss

Mr Karamouzis confirmed to me that the European Central Bank (ECB) has agreed to keep Greek banks alive today.

But he warned there was a genuine risk of Greek banks being forced to close their doors tomorrow and cease dispensing cash for days, if the Greek government led by Alexis Tsipras fails today to convince eurozone finance ministers and government heads that it is taking credible steps to balance its books.

Jun 22 08:23

Russia can sacrifice the European values, if necessary

Yevgeny Satanovsky, economist and a president of research center "Middle East Institute," made a statement at the political talk show "Sunday night with Vladimir Solovyov," that Russia will sacrifice the European values together with Europe, if necessary.

During another discussion about sanctions against Russia, a guest brought up the proximity of Russia to Europe, which consistently remains the cradle of law and culture. To this the Russian economist suggested:

"It is impossible to remain in the cradle for life. Our country has already grown up. Strengthening of sanctions by Europe will lead to her losses on the Russian market. And it won't be our problem".

Jun 22 08:18

Greek bailout talks end without progress

Eurozone finance ministers have broken off talks without an agreement on Greece’s bailout.

But the officials say they aim to reach a deal later this week that might keep the country from defaulting and falling out of the currency union.

Jun 22 07:03

Pentagon chief lauds US bid to store heavy weapons in Eastern Europe

US Secretary of Defense Ashton Carter has lauded Washington’s decision to station heavy weaponry in Eastern Europe, and vowed the United States will defend its allies against Russia.

"The concept is to have sets of equipment principally to support training so that they are already located there, including heavy equipment," Carter said in an address in Berlin, Germany, on Monday. "There is the possibility also of more equipment being positioned for contingencies."

Jun 22 06:48

Greece: Judgment day is here

Jun 22 06:16

Greece Nears the Endgame

Jun 21 22:36

Hypocrisy reigns supreme in the West

The European Union has hypocritically extended sanctions on Russia and the Russian autonomous Republic of Crimea in support of the politically- and economically-failed state of Ukraine. At the same time, the EU has threatened the sovereignty of Greece for failing to adhere to confiscatory and usurious financial policies set by the banking gnomes of Frankfurt and London, the same bankers that are propping up a corrupt government in Kiev. Nothing spells hypocrisy more than what is taking place in Europe at the direction of the "Eurocrats" of Brussels, their military centurions in NATO, and their overall puppet masters in Washington.

Jun 21 22:30

'The People Will Not Be Blackmailed': Thousands March in Athens Against Austerity

Throngs flocked to Athens on Sunday to call on the ruling Syriza party to stand up to international creditors and reject further austerity measures.

Jun 21 17:10

Creditors offer Greece six-month bailout reprieve as Tsipras weighs response

Greece’s international creditors are aiming to strike a deal to stop Athens defaulting on its debt and possibly tumbling out of the euro by extending its bailout by six months and supplying up to €18bn (£12.9bn) in rescue funds.

The negotiators representing Greece’s lenders are also proposing to pledge debt relief for the austerity-battered country – but officials stressed that a breakthrough hinged on a positive response from the Greek prime minister, Alexis Tsipras.

Jun 21 13:00

Trapping Russia to Prove a Negative

The prove-a-negative trap is the Big Lie technique of Nazi propagandist Josef Goebbels: there is no substance to the allegations and there is no obligation to present evidence to verify, thanks to the dutiful and unquestioning nature of Western corporate “journalism”.

The United States and its Western allies are trying to ensnare Russia in an audacious disinformation trap over the Ukraine conflict. That trap involves imposing an insoluble conundrum on Vladimir Putin’s government, which we might call “prove a negative”. It is a familiar conceptual device that Washington has used elsewhere, against Iraq and Iran for example, in order to pursue what are otherwise illegitimate geopolitical aims.Russia is being held up as the guilty party that is undermining the shaky Minsk ceasefire; and Western economic sanctions are being extended “until Russia implements the ceasefire”.

Jun 21 10:23

Managing Greek default risks

Jun 21 09:56

The Myth of Global ‘Free’ Trade

The key to TTIP is the so-called Investor-State Dispute Settlement mechanism that essentially gives corporations free reign to sue governments using a “failure to implement” provision, if state policies or legislation interfere with profits. But is this all about trade?

There was a direct, crucial “secret” agenda linking the G7 meeting in Germany and the Bilderberg meeting in Austria last week; the advancement of the virtually secret negotiations towards the Transatlantic Trade and Investment Partnership (TTIP), the massive free trade agreement between the US and the EU.

Even though the corporate powers behind TTIP are itching for a deal to be reached before the end of 2015, serious (negotiation) trouble remains.

Jun 21 09:50

Trump for President? — Paul Craig Roberts

This is not my endorsement of Trump for President. It is merely my speculations on how we might think of how large egos might be brought into our service.

Celente put it well. If you look at the sorry collection that aspires to be the CEO of what continues to be described as the “exceptional, indispensable, most important country with the largest economy and military, the world’s only Superpower, the Uni-power,” you see a collection of nobodies. America is like the last days of Rome when contenting factions fought to put their puppet on the throne.

In actual fact, Trump might be our best candidate to date. By all accounts, he is very rich. Thus, he doesn’t need the office in order to become rich by selling out America to interest groups.

Jun 21 09:47

Alison Weir Replies to JVP Leaders’ McCarthy-like Attacks

It is time to stop fighting among ourselves, for JVP and others to stop their witch hunts against deeply committed writers and activists, for JVP to stop its attempted censorship and domination of the Palestine movement, and for all of us to get on with our desperately important work.

With the publication of my book last year, “Against our Better Judgment: The hidden history of how the US was used to create Israel,” the attacks seemed to escalate.

It appeared that some JVP leaders were attempting to thwart my talks and prevent people from learning the facts that my book and my talks contain.

Jun 21 09:32

“THE COLLATERAL HAS RUN OUT” – JPM WARNS ECB WILL USE GREEK “NUCLEAR OPTION” IF NO MONDAY DEAL

Although estimates vary, Kathimerini, citing Greek banking officials, puts Friday’s deposit outflow at €1.7 billion. If true, that would mark a serious step up from the estimated €1.2 billion that left the banking system on Thursday and serves to underscore just how critical the ECB’s emergency decision to lift the ELA cap by €1.8 billion truly was. “Banks expressed relief following Frankfurt’s reaction, acknowledging that Friday could have ended very differently without a new cash injection,” the Greek daily said, adding that the ECB’s expectation of “a positive outcome in Monday’s meeting”, suggests ELA could be frozen if the stalemate remains after leaders convene the ad hoc summit.

Webmaster's Commentary: 

IF the fertilizer hits the ventilation shaft financially in Europe this week, it cannot manage to not affect American banking systems as well.

The Dow may respond precipitously, as the credit default swap markets may really become unhinged in the extreme.

Jun 21 04:59

Putin: €2bn Russia-Greece gas deal will help Athens pay its debt

A deal to jointly build an extension of the Turkish Stream gas pipeline across Greece will help Athens to settle its multibillion euro debt to international creditors, President Vladimir Putin said at the St. Petersburg International Economic Forum.

Jun 20 18:34

Hungary, Greece, Cyprus to Restart Food Trade With Russia Despite Sanctions

Russian health authorities are conducting audits of suppliers in all three countries, as well as India, Alexey Alexeyenko, the director of Rosselkhoznadzor (the Russian Federal Service for Veterinary and Phytosanitary Surveillance) is quoted as saying. "About 20 companies will be verified in Greece and Hungary. In India — less, around four to five. Cyprus has requested a delay for technical reasons and therefore, the audits will begin on April 27, where seven to eight companies will be checked."

Jun 20 15:29

Tyler Durden's picture Meanwhile, Greece Is Quietly Printing Billions Of Euros

During the same period over which Greek banks lost nearly €30 billion in deposits, banknotes in circulation jumped by some €13 billion. In short, because Greeks are increasingly prone to stuffing their euros in mattresses, a large proportion of the deposit flight has come in the form of hard currency withdrawals, meaning the Bank of Greece is forced to (literally) print billions in physical banknotes.

Jun 20 15:28

"The Collateral Has Run Out" - JPM Warns ECB Will Use Greek "Nuclear Option" If No Monday Deal

"If no agreement is reached on Monday, then the ECB will have little reason to show further flexibility and it will likely freeze its ELA limit on Greek banks. As a result capital controls will become almost inevitable after Monday."

Jun 20 15:08

Putin: €2bn Russia-Greece gas deal will help Athens pay its debt

A deal to jointly build an extension of the Turkish Stream gas pipeline across Greece will help Athens to settle its multibillion euro debt to international creditors, President Vladimir Putin said at the St. Petersburg International Economic Forum.

Talking to the representatives of international media at the Forum, Putin said he didn’t see any support for Greece from the EU, RIA Novosti reports.

“If the EU wants Greece to pay its debt than it should be interested in the Greek economy growing,” Putin said. “The EU should be applauding us. What’s bad about creating new jobs in Greece?” he said, commenting on Russia’s preliminary gas deal with Greece.

Jun 20 12:48

In the USA – “I Cannot Write!”

The West is finished, its culture dead. What is left is unattractive, even horrifying. There is no heart, no compassion, and no creativity.

It was the first time in many years that I had missed my column, my essays, for several weeks.

I was shocked by the state in which I found the United States.

I couldn’t breath. I lost the ability to write. I felt anger building inside me. The anger was suffocating, strangling me. It was unhealthy anger, mixed with frustration! It was not that sacred anger one feels when going to a battle against great evil. It was also somehow petty, indescribable, and pathetic. It was breaking me, humiliating me.

I hated the fights I had to fight here.

I tried to see the reality that was surrounding me with different eyes but wherever I looked I saw only a dysfunctional, sad, collapsing country and culture.

This visit broke me. It exhausted me. It thoroughly depressed me.

Jun 20 12:27

Tsipras spoke with Putin hour and a half and came out happy and smiling

Webmaster's Commentary: 

"How DARE Putin free our debt-slaves! Doesn't he know how long and hard we worked to make them debt-slaves in the first place? THIS MEANS WAR!!!!" -- Official White Horse Souse

Jun 20 12:25

European Central Bank extends credit on fears of Greek bank collapse

The European Central Bank (ECB) intervened again Friday to prop up Greece’s banks, as savers, fearing their imminent collapse, withdrew record amounts of deposits.

Following the collapse of talks between Greece and its creditors—the European Union (EU), the ECB and the International Monetary Fund (IMF)—over the terms of a further spending cuts programme, billions of euros in deposits were withdrawn from Greek banks. This week alone €4.2 billion were withdrawn, including €1.2 billion on Friday.

Jun 20 07:37

British banks slash exposure to Greece amid fears the country is heading for bankruptcy and eurozone expulsion

Figures from the Bank of England showed the UK lenders, pension funds and other financial firms had £2billion tied up in the crisis torn nation at the end of March. That was the smallest amount since records began in 2004 and down from £9.6billion a year earlier and a peak of £12.4billion in March 2008.

Jun 20 04:03

EU losses from anti-Russia sanctions estimated at €100 bln — Die Welt

The sanctions imposed by the European Union against Russia over its stance on the Ukraine crisis and Moscow’s countermeasures will cost Europe €100 billion and endanger over 2 million jobs, influential German daily Die Welt reported on Friday.

Jun 20 03:54

Irish farming community 'in fear over farm check tactics’

The chairperson of the Public Accounts Committee, John McGuinness demanded detailed responses from the department over allegations that inspectors had “pushed around” a pregnant woman, damaged a car, and approached an intellectually challenged son of a person they were investigating.

Mr McGuinness said some people were so in “fear” of the inspectors they were afraid to tell the PAC about what they had gone through.

Jun 20 03:43

IMF 'Trained' Greek journalists in DC to promote its position in media

Greece's former representative to the International Monetary Fund (IMF) said that Greek journalists were "trained" to promote the policies the IMF and the European Commission had toward the country's debt.

Jun 19 16:34

Jens Stoltenberg: NATO’s Mr Zig-Zag

So, who is rattling sabres here?

Obviously, the NATO alliance is on a dangerous, threatening roll toward Russia’s borders. American-led war games, thousands of troops and tanks, missiles, warplanes and warships have proliferated at dizzying speed over the past year, from the Baltic to the Black Sea. Currently, NATO is conducting its biggest-ever war manoeuvres in the Baltic region, and yet when Russia takes reasonable defensive measures, Stoltenberg accuses Moscow of sabre-rattling. Just this week, prior to the Russian ICBM announcement, the Pentagon told the Paris Air Show that it was considering the stationing of its new generation of stealth F-22 and F-35 fighter jets in Europe – another contravention in a whole series of audacious contraventions of the 1997 Russia-NATO Founding Act which forbids such NATO military expansion.

Jun 19 15:19

Greek Bank Run Accelerating; Is It “Game Over” Soon?

When the money dries up, it’s “Game Over.” And that’s what Greece is facing now that bank runs are accelerating rapidly!

Consumer and business depositors have reportedly yanked 1.85 billion euros from the Greek banking system in just the last two days. That’s more than 115 million euros PER HOUR, assuming two eight-business-hour days.

More than 2% of all the private money held in Greek banks has now vanished in just the last week. The only thing standing between banks and insolvency is the European Central Bank, which is providing them with emergency liquidity assistance (ELA) since they can’t raise money in the private capital markets.

Jun 19 15:11

Alison Weir Replies to JVP Leaders’ McCarthy-like Attacks

I hope JVP will desist from its attacks on those it dislikes, and will instead focus on the often excellent work it is doing and that its members want.

I feel strongly that we all contribute important things to the movement for justice and peace in Palestine.It is time to stop fighting among ourselves, for JVP and others to stop their witch hunts against deeply committed writers and activists, for JVP to stop its attempted censorship and domination of the Palestine movement, and for all of us to get on with our desperately important work.

That’s what I intend to do.

—Alison Weir

Jun 19 13:44

IMF Humiliates Greece, Repeats It Will Keep Funding Ukraine Even If It Defaults

One week ago, we were stunned to learn just how low the political organization that is the mostly US-taxpayer funded IMF has stooped when, a day after its negotiators demonstratively stormed out of the Greek negotiations with "creditors", Hermes' ambassador-at-large Christone Lagarde said that the IMF "could lend to Ukraine even if Ukraine determines it cannot service its debt."

Webmaster's Commentary: 

Talk about adding insult to injury with Greece.

but the IMF wants to put Ukraine squarely in the European sphere of influence, and wants the breakaway republics "neutralized" (more on that in an earlier post), because that's where the heart of manufacturing exists in Ukraine.

Jun 19 13:13

Banksters’ Trojan Horse for Greece & EU

The conflict over Greek debt is portrayed as one between fiscally responsible & fiscally irresponsible nations.

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