Posts
My ire is directed at the 1%-ers in this country that have aligned themselves with the most extreme right-wing agenda of the Empire.
Listen for a moment to this arsehole....
This headlines says everything about the propaganda line in this country. We are not allowed to think that small countries should follow their own national interests.
The Russian media - Sputnik...
Listen for a moment to this arsehole....
This headlines says everything about the propaganda line in this country. We are not allowed to think that small countries should follow their own national interests.
Greece accused of egotism in walking away from debt talks
First the version from the NZ Herald.
Crisis-ready Europe urges Tsipras to step back from brink
Greece's Prime Minister Alexis Tsipras promised to return "dignity" to the people and reject budget cuts imposed by creditors. Photo / AP
European
leaders are raising pressure on Greek Prime Minister Alexis Tsipras
to 're-engage', saying it's up to his government to step back from
the brink and stay in the euro.
With
Greece under capital controls and banks closed, German Chancellor
Angela Merkel and French President Francois Hollande offered no
concessions beyond saying that they remained open to talks, even
after the referendum on the European Union's aid proposal planned
for July 5. European Commission head Jean-Claude Juncker said the
"whole planet" would view a "no" vote as Greece
turning its back on Europe.
"
Vi
Leaders
were emboldened by a measured investor response to a weekend of
turmoil as Tsipras' government took emergency steps to avert the
collapse of Greece's financial system. While his decision to hold a
ballot increased the risk of Greece exiting the euro, evidence of
contagion elsewhere was limited, reducing his leverage over credдtors.
"Europe
can cope with such crises much, much better today because it has
taken precautions," Merkel said in a speech in Berlin on
Monday.
The
euro erased its losses after earlier dropping to a near one-month
low against the dollar, and traded 0.3 per cent higher at $1.1204 as
of 7:00 p.m. in Berlin. European equities sank, with the Stoxx
Europe 600 Index down 2.7 per cent, while bond yields jumped in
Italy, Spain and Portugal.
A crowd of 12,000 gathered in Syntagma Square to call for a ''no''
vote against the EU proposals. Photo / AP
Those
countries have all suffered bond panics since 2010 on concern they
could slide into a Greek-style crisis. Their leaders moved to
assuage concerns about contagion.
Italian
Finance Minister Pier Carlo Padoan took to Twitter to reassure
followers about his country's direct exposure.
Greece's
problems show "the difference between the serious policies and
those policies which aren't very serious," Spanish Prime
Minister Mariano Rajoy said at a news conference.
In
Athens, people have taken to the streets. A crowd of 12,000 gathered
in the centrally-located Syntagma Square late on Monday to call for
a ''no'' vote against the EU proposals, according to police
estimates. Banners were displayed in front of the parliament
building. One read: "Our lives do not belong to the credдtors."
Greece
has also become another thing for old Cold War foes to disagree on.
Russia weighed in, with Foreign Minister Sergei Lavrov said he
understood Tsipras' actions. The United States instead is urging the
Greeks to do what they must to stay in the 19-member currency bloc.
"We've
long made clear that we expect the Greeks to keep their
commitments," White House press secretary Josh Earnest said on
Monday.
European
leaders sought to reach out to the Greek people while offering
Tsipras's government little leeway after he broke off negotiations
over future bailout aid at the last-minute on Friday. Tsipras, who
promised to return "dignity" to the people and reject
budget cuts imposed by creditors, appealed for "calm"
after weekend-long queues at ATMs and gas stations.
Elderly
people, who usually get their pensions at the end of the month, wait
outside a closed bank in the northern Greek port city of
Thessaloniki. Photo / AP
The
prime minister's efforts to shield the poorest Greeks from the
effects of his decision are already starting to unravel. Twelve
hours after issuing the capital controls decree, the government
revoked a provision in the law exempting pension payments from the
60-euro (NZ$98) daily limit on bank withdrawals.
The
about-face came as industry officials warned that the move to waive
limits for pensions would have soaked up much of the system's
remaining liquidity and highlights the hurdles Tsipras still has to
overcome to reach the July 5 vote.
Jeroen
Dijsselbloem, the Dutch finance minister who leads meetings of his
euro-area counterparts, said he regrets that the Greeks walked away.
"But
they've chosen their path and we cannot interfere," he told
reporters in The Hague.
-
Bloomberg
EU's Juncker feels 'betrayed' by Greece situation!!!
Max Keiser, whom I would trust a hundred times over Bloomberg reporting through the NZ Herald says it how it is - especailly about the EU's Juncker
With
Greece under capital controls and banks closed, German Chancellor
Angela Merkel and French President Francois Hollande offered no
concessions beyond saying that they remained open to talks, even
after the referendum on the European Union's aid proposal planned
for July 5. European Commission head Jean-Claude Juncker said the
"whole planet" would view a "no" vote as Greece
turning its back on Europe.
"Vi
Vi
Leaders
were emboldened by a measured investor response to a weekend of
turmoil as Tsipras' government took emergency steps to avert the
collapse of Greece's financial system. While his decision to hold a
ballot increased the risk of Greece exiting the euro, evidence of
contagion elsewhere was limited, reducing his leverage over credдtors.
"Europe
can cope with such crises much, much better today because it has
taken precautions," Merkel said in a speech in Berlin on
Monday.
The
euro erased its losses after earlier dropping to a near one-month
low against the dollar, and traded 0.3 per cent higher at $1.1204 as
of 7:00 p.m. in Berlin. European equities sank, with the Stoxx
Europe 600 Index down 2.7 per cent, while bond yields jumped in
Italy, Spain and Portugal.
A crowd of 12,000 gathered in Syntagma Square to call for a ''no''
vote against the EU proposals. Photo / AP
Those
countries have all suffered bond panics since 2010 on concern they
could slide into a Greek-style crisis. Their leaders moved to
assuage concerns about contagion.
Italian
Finance Minister Pier Carlo Padoan took to Twitter to reassure
followers about his country's direct exposure.
Greece's
problems show "the difference between the serious policies and
those policies which aren't very serious," Spanish Prime
Minister Mariano Rajoy said at a news conference.
In
Athens, people have taken to the streets. A crowd of 12,000 gathered
in the centrally-located Syntagma Square late on Monday to call for
a ''no'' vote against the EU proposals, according to police
estimates. Banners were displayed in front of the parliament
building. One read: "Our lives do not belong to the credдtors."
Greece
has also become another thing for old Cold War foes to disagree on.
Russia weighed in, with Foreign Minister Sergei Lavrov said he
understood Tsipras' actions. The United States instead is urging the
Greeks to do what they must to stay in the 19-member currency bloc.
"We've
long made clear that we expect the Greeks to keep their
commitments," White House press secretary Josh Earnest said on
Monday.
European
leaders sought to reach out to the Greek people while offering
Tsipras's government little leeway after he broke off negotiations
over future bailout aid at the last-minute on Friday. Tsipras, who
promised to return "dignity" to the people and reject
budget cuts imposed by creditors, appealed for "calm"
after weekend-long queues at ATMs and gas stations.
Elderly
people, who usually get their pensions at the end of the month, wait
outside a closed bank in the northern Greek port city of
Thessaloniki. Photo / AP
The
prime minister's efforts to shield the poorest Greeks from the
effects of his decision are already starting to unravel. Twelve
hours after issuing the capital controls decree, the government
revoked a provision in the law exempting pension payments from the
60-euro (NZ$98) daily limit on bank withdrawals.
The
about-face came as industry officials warned that the move to waive
limits for pensions would have soaked up much of the system's
remaining liquidity and highlights the hurdles Tsipras still has to
overcome to reach the July 5 vote.
Jeroen
Dijsselbloem, the Dutch finance minister who leads meetings of his
euro-area counterparts, said he regrets that the Greeks walked away.
"But
they've chosen their path and we cannot interfere," he told
reporters in The Hague.
-
Bloomberg
EU's Juncker feels 'betrayed' by Greece situation!!!
Max Keiser, whom I would trust a hundred times over Bloomberg reporting through the NZ Herald says it how it is - especailly about the EU's Juncker
EU's Juncker feels 'betrayed' by Greece situation!!!
Max Keiser, whom I would trust a hundred times over Bloomberg reporting through the NZ Herald says it how it is - especailly about the EU's Juncker
From the Guardian -
Germany,
France and Italy joined the European commission in insisting that
Sunday’s poll is about continued eurozone membership
Greek debt line: Banks close, ATM lines mount & IMF payment looms
The chief of the European Commission Jean-Claude Juncker has made a last-ditch effort to keep Greece from leaving the Euro. He said that the creditors' terms are not - quote - "stupid austerity" and that the Greek people should "not commit suicide out of fear of death" in the upcoming referendum on those terms, on July 5th. Mr. Juncker also repeatedly pointed out that he's not the one to blame for putting the country on the brink of financial ruin and now let's head to Athens, where the people are anxiously following the news from Brussels. RT's Peter Oliver and Harry Fear have more on the ongoing Greek crisis.
And Zero Hedge....
And Zero Hedge....
Greece Will Default To IMF Tomorrow, Government Official Says
29
June, 2015
Earlier
today, as the exchange between Greece and its creditors got
increasingly belligerent, Estonian Prime Minister Taavi Roivas told
public broadcaster Eesti Rahvusringhaaling in interview that a
possible Greek decision to leave euro area wouldn’t soften stance
of other EU countries and that Greece’s debt would still
remain outstanding and creditors would expect this money back."
"If
Greece leaves, the value of their new national currency would decline
very fast, so their solvency would still worsen further. They will
either have to cut spending or improve their tax revenues. There are
no other options."
So
did this latest antagonism change the Greek mind? According to a
flash headline by the WSJ released moments ago, not all. In fact,
Greece just made it official that it would default to the IMF in just
over 24 hours.
Greece won't pay IMF tranche due Tuesday, government official says http://t.co/xnCG6c6baX
— WSJ Breaking News (@WSJbreakingnews) June 29, 2015
More:
Greece won’t make a debt repayment to the International Monetary Fund due Tuesday, a senior Greek government official said Monday.
Earlier this month, Greece had notified the IMF it plans to bundle its loan repayments falling due this month into one payment of around 1.6 billion euros ($1.7 billion), which is due Tuesday.
The IMF has said that Greece will immediately be in arrears if it fails to make the debt repayment.
So,
as per game theory, the Greek plan - at least until the social mood
turns very ugly - remains just one:
The
problem is what happens then...
Greek bank chief: "Few billions left, so we are OK until next Mo or Tue BUT if no deal, there will be no money left” http://t.co/2ZyO2Bcd6l
— Pieter Cleppe (@pietercleppe) June 29, 2015
Having
told the citizens of Greece that the European leaders will not kick
them out of Europe because "the cost of throwing them out is too
high, enormous," it appears Greek PM Tspiras has another plan to
ensure - no matter what the outcome of the forthcoming referendum -
that there is no actual Grexit. As The Telegraph reports, Greece has
threatened to seek a court injunction against the EU institutions,
saying "we are taking advice and will certainly consider an
injunction at the European Court of Justice. The EU treaties make no
provision for euro exit and we refuse to accept it. Our membership is
not negotiable."
Speaking
earlier Tsipras stated:
*TSIPRAS:
REFERENDUM PROVIDES STRONGER NEGOTIATING POSITION
*TSIPRAS:
CREDITORS’ PLAN IS NOT TO THROW COUNTRY OUT OF EURO
*TSIPRAS:
COST OF THROWING COUNTRY OUT OF EURO AREA IS ENORMOUS
*TSIPRAS:
GREECE WILL NOT BE THROWN OUT OF EURO, COST TOO GREAT
Greek Supermarkets Begin To Resemble Those Of Venezuela
......As
we noted yesterday, in clear
rejection of Tsipras' plea for calm,
the Greek population stormed (now empty) ATMs, grocery stores and gas
stations as they scrambled to obtain, or convert, paper currency into
tangible products.
This
morning, the NYT
picked up on
the realization that for Greece ATM runs were last week's story. Now,
it's all about the "Supermarket Sweep"... and hoarding. To
wit:
Beside the lines at A.T.M.s, people were also lining up at gas stations and in grocery stories. In the small town of Spata, outside Athens, residents had stripped grocery shelves bare by Saturday night. The local Shell station had run out of regular unleaded and had only premium gasoline to sell. “Doom,” the gas attendant responded, when asked to describe the mood.
The frenzy at gas stations across the country prompted Greece’s largest refiner to issue a statement assuring that there would be enough supply...
And
this is how Athens is slowly starting to look like Caracas.
On Monday supermarket shelves in #Athens emptying as Greeks stock up for coming days #Greece#Grexit #Greferendum pic.twitter.com/q61PVM17d9
— Julia Damianova (@JuDamianova) June 29, 2015
This is what is out from Wikileaks on the French economy.
French Economy In "Dire Straits", "Worse Than Anyone CanImagine", Leaked NSA Cable Reveals
Earlier today Wikileaks released a new batch of NSA intercepts among which one in particular stands out: an intercepted communication which reveals that then French Finance Minister Pierre Moscovici believes the French economic situation was far worse, as of mid-2012, than perceived.
The Russian media - Sputnik...
Head
of Bundestag Committee on European Union Affairs predicts that
Germany could lose billions of euros if Greece goes bankrupt
Pepe
Escobar
Prime
Minister Alexis Tsipras allows the Greek people to decide their own
fate via a democratic referendum. That’s enough to send the troika
– the European Central Bank (ECB), the European Commission (EC),
and the International Monetary Fund (IMF) - into a paroxysm of rage.
Here, in a nutshell, is everything one needs to know about the EU
“dream”.
And two other sources
IMF’s
Managing Director Christine Lagarde finally found the needed strength
to express her view on Greece’s Referendum. Speaking to BBC,
Lagarde said that next Sunday (July 5th) referendum will not be valid
as the creditors’ proposal and program end on June 30h.
Greece’s
creditors hope that by unleashing chaos, they can bring the country
to its knees ahead of Sunday's referendum. Greeks must not give in
And two other sources
