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Showing posts with the label Greek Economy

The IMF and Europe fall out.

http://www.independent.co.uk/news/world/europe/greece-debt-crisis-leaked-imf-report-heaps-fresh-pressure-on-creditors-to-grant-massive-relief-as-part-of-latest-bailout-deal-10389042.html Leaked IMF report heaps fresh pressure on creditors to grant massive relief ahead of key vote Who will trust Germany after this? Disagreement between the IMF and the other terrorists in Europe is not new. It has been evident for over a week now as Merkel and the other Eurozone cabal members have been heaping humiliation and humbling on the Greek people as some form of punishment for Tsipras and his government, having the courage to stand up against the bullies of Northern Europe. We should not be concerned when gangsters fall out amongst themselves.

Financial terrorism from Brussels. You will capitulate to our demands or we shall crush you.

http://www.theguardian.com/business/2015/jul/13/athens-and-eurozone-agree-bailout-deal-for-greece#comments Greece and eurozone reach agreement in bailout talks How nauseating it is that the media and television, particularly Sky News, should be so triumphant in their reportage of the Brussels "agreement" while basking in the apparent "capitulation of Tsipras and the left wing Greek government". The "conquest" by the Troika, Brussels and the European Central Bank has achieved a deal (which is yet to be ratified by the governments of the signatory governments) only to start negotiations for another bail out of the Greek economy, which includes privatisations, pension reforms, and other austerity measures dictated to the Greek people by Brussels. The bottom line of this "agreement" is of course, that the bullies of Brussels have achieved by threat, blackmail and financial terrorism, the imposition of measures which by any understandin...

Tsipras to come up with new plan to save Greece within 24 hours

http://www.theguardian.com/business/2015/jul/07/eurozone-calls-on-athens-to-get-serious-over-greece-debt-crisis Angela Merkel and Francois Hollande issue Athens with 24-hour ultimatum   "Hell hath no fury...etc" Merkel struts around with the aloof, arrogant attitude so common amongst previous German Chancellor's, that they are right no matter what the evidence of reality may demonstrate. Echo's of the order given by one of her hero's some 70 odd years ago to "hold its position", perhaps. Merkel lowers the "no surrender" principle to a new level but a level driven by pique rather than practicality. The people of Greece, much to the surprise of Brussels a nd the IMF and particularly the chagrin of Berlin, have delivered a resounding rejection of even more austerity in exchange for yet another "loan" to finance an unsustainable debt problem Notwithstanding the various compromise packages offered by the G...

Greece votes "Oxi".

http://www.independent.co.uk/news/world/europe/greece-referendum-results-live-greeks-say-no-to-austerity-and-plunge-the-eu-into-crisis-10367617.html     Greeks say 'No' to austerity 61% vote "No"    Despite the last 10 days of threat, intimidation, propaganda and blackmail by the IMF, Brussels, the European Central Bank and European Commission against the "No" campaign and Alexis Tsipras and the Syriza government, the people of Greece have delivered a resounding "No" to further and prolonged austerity with 61% of the poll in the referendum. A great result and a great day for Greece and its people. The ball is now with Lagarde and the IMF, and Merkel and the Germans for the EU.    

A victim of "Austerity". An elderly man, sitting on the ground outside a bank.

  http://www.bbc.co.uk/news/world-europe-33382046 Greece debt crisis: The cost to pensioners  It is a scene that speaks of suffering and exhaustion, One man crying outside a bank in Thessaloniki.    The blatant campaign and propaganda across Europe and elsewhere, in the press, television and other media (sadly even parts of Al Jazeera) in favour of the "Yes" campaign in Greece, may result in a victory for those who support the IMF, Brussels, the European Central Bank and European Commission and the imposition of even more and harsher austerity, to support a Greek debt, which everyone now accepts, is totally unsustainable. It has even been suggested that the Greek government of Alexis Tsipras, should be removed and replaced by a team of "technocrats" appointed by Brussels to "steer Greece through the current crisis". Democracy has no place in the offices of the autocrats governing Europe. Regime change in Greece has been the obje...

The "Yes" campaigners are either naive, or traitors or more alarmingly, both !

http://www.theguardian.com/world/2015/jun/30/were-not-traitors-insist-greeks-yes-campaigners We're not traitors, insist Greece's yes campaigners Yes campaigners The "Yes" campaigners claim that they are not traitors. If that is true, then they are incredibly naive or, more likely, have their own secret agenda for arguing that Greece should accept even more severe austerity handed out by the autocrats of the IMF and the European Central bank. Moreover, to vote "Yes" in Sunday's referendum condemns Greece to another 15years at least of higher unemployment, higher taxation on food, clothing, utilities and other essentials for the vast majority of the population.  Perhaps those who campaign for a "Yes" vote, are not affected, or are at least protected from the cuts in pensions, the declining standard of living, the regular interruptions to the supply of gas and electricity, the inability to pay for medical treatment and a thousand and...

The Greek people are not the culprits.

http://www.theguardian.com/business/2015/may/25/greek-pm-emergency-meeting-bailout-negotiation-team-tsipras-imf Greek PM convenes emergency meeting of his bailout negotiation team Greek Prime Minister Alexis Tsipras   The world should stop blaming the Greek people for the economic crisis faced by the EU in respect of Greek exit from the Eurozone. The culprits are the banks and financial institution, former corrupt and incompetent Greek governments financed and encouraged by Brussels and the European Central bank, the Germans seeking to gain by financial manipulation what they were unable to achieve by conquest and the sinister American backed IMF. It is the Greek people who have been paying the price with years of ever more severe austerity, cuts to living standards, job losses and reductions of almost 69% in wages, salaries and pensions.  The ECB’s governing council (picture taken in February 2014) The way out of the mess created and perpetuated by...

Propaganda from the usual suspects to undermine the Syriza party-led coalition

http://www.theguardian.com/world/2015/apr/25/greeks-view-of-debt-crisis-great-hardship#comment-51044145 Greeks’ view of the debt crisis: ‘What lies ahead is great, great hardship’ Syriza-led coalition government "Three months on from Alexis Tsipras’s victory, hope is ebbing away and support for his party is haemorrhaging" screams the headline. Just goes to show how in the war of propaganda, the Troika, Brussels, European bankers, Angela Merkel, the IMF and no doubt assisted by CIA "advisers", the anti Alexis Tsipras will descend to any depth to discredit the new Greek government, without any consideration of the truth. Perhaps these organistions would prefer a "coup" in Greece and new elections in the hope that the outcome will produce a government more subservient to them than to the Greek people.

The people of Greece face more intimidation as the election on January 25th draws near.

  http://www.theguardian.com/world/2015/jan/04/alexis-tsipras-antonis-samaras-greece-syriza-election Alexis Tsipras or Antonis Samaras? Greece begins to weigh up the options     Antonis Samaras SYRIZA leader Alexis Tsipras On Sunday, 17 June 2012, in response to a Daily Mail article, I wrote the following comment in the news paper, and posted it on the pages of my Blog, Hew Agenda”. “When fear is employed as a weapon to influence voters, it is obvious that the scaremongers are very worried. European leaders yesterday piled pressure on Greek voters to reject Left-wing parties threatening to rip up the country’s bailout deal – a move that could leave the euro on the brink of collapse." They now use fear as a weapon to conserve their untenable positions. The "European leaders" who in collaboration with the banks,the IMF, the speculators of the markets, caused and perpetuated this whole mess in the first place, and incidentally got ver...

Austerity tightens its grip.

http://www.guardian.co.uk/world/2012/nov/28/greeks-forests-fuel-winter-nears  Greeks turn to the forests for fuel as winter nears A wood poacher's warehouse near Mount Pelion, Greece.  When Merkel, Lagarde, the Eurozone finance ministers and  IMF sit down to yet another lavish 2 Micheline star banquet (paid for of course by taxpayers), to discuss for the umpteenth time the never ending economic crisis in Greece, and the plan of how they can extort even more money in exchange for another "bail out", do they ever consider the effect that their policies have on the ordinary people of Greece? I think not. Their first consideration is and has always been, ensuring the continued dominance of the IMF and the European Central banks in Europe. (Closely followed of course by the quality of the Filet de veau rôti, girolles d’Écosse et purée de cresson at the evenings nine course meal.) Meanwhile, back in the real world, the Greek people face even more severe austerity, ...

No change for the ordinary Greeks.

http://www.bbc.co.uk/news/business-20506251  Eurozone finance ministers and the IMF have reached another deal on Greek bailout.   Eurozone finance ministers   The IMF dictators reaching an expedient "deal" to ensure that Greece remains on or below the poverty line and in continuing debt to Europe for years to come. The Greek debt crisis will never be resolved because it is the long term interests of the "Troika" to keep it that way. There is no mention of the effect that this continuation of "austerity" will have on the people of Greece now and in the future. Again, it is the ordinary people who pay the price for the failure and incompetence of previous Greek governments, and the never ending political and economic ambition of European domination from the IMF and Eurozone.

Merkel and the Greeks.

  http://www.independent.co.uk/news/world/europe/merkel-returns-from-holidays-and-wades-straight-into-eurozone-row-8038715.html Merkel returns from holidays and wades straight into Eurozone row. The demands of a German Chancellor seeking domination of Europe are well known. May she fare even worse than the last one.

A coalition for Greece?

http://www.dailymail.co.uk/news/article-   A coalition for Greece or the Troika? From all the available reports, it seems that after weeks of confusion and uncertainty, the Greek people will finally have a government. PASOK have agreed with New Democracy, to form a coalition which may include the moderate Democratic Left. The irony of this solution will not be lost on the Greeks or anyone else. The two parties, New Democracy and PASOK who have been the government of Greece for around 40 years, and who are responsible for negotiating with the Germans and the Eurozone, the most draconian package of austerity measures and cuts in exchange for a 130 billion Euro bailout which was poured straight down the drain directly into the banks, and did nothing for the Greek unemployed, the homeless, the pensioners who rummage in dustbins for food or any of the other consequences resulting from the previous governments duplicity. It is difficult to conceive how the scenes o...

Troika win in Greek elections.

http://www.guardian.co.uk/world/   On Sunday 20 th May this year, I wrote an item on this Blog under the heading of, “ The dinosaur of economic dogma”. The theme of the piece was to argue how fear would be employed, by the International Monetary Fund, European Central Bank and the European Banking Authority, now apparently known as the “Troika”, as a weapon, “to frighten the voters of Greece into electing those parties who support German dictates of further austerity” . With the result of the election in Greece now confirmed, it seems that the tactic of injecting fear into the democratic process has achieved the objective, namely by ensuring that New Democracy has gained a victory, albeit by a small margin, and will be invited to take the first attempt to form a government. Of course it remains to be seen whether Antonis Samaras and his New Democracy party can or will deliver the promise of renegotiation of the bailout package, and what will happen should Merkel retain...

European leaders employ fear as a tactic.

  http://www.dailymail.co.uk/news/article-  When fear is employed as a weapon to influence voters, it is obvious that the scaremongers are very worried. The first sentence of this article says it all. "European leaders yesterday piled pressure on Greek voters to reject Left-wing parties threatening to rip up the country’s bailout deal – a move that could leave the euro on the brink of coll apse." They now use fear as a weapon to conserve their untenable positions. The "European leaders" who in collaboration with the banks,the IMF, the speculators of the markets, caused and perpetuated this whole mess in the first place, and incidentally got very fat in the process, "PILE PRESSURE ON GREEK VOTERS" to elect New Democracy or any other party who will continue to impose austerity. These same "European leaders" who have no concept of the reality of austerity but theorise on the measures to enforce it, over one or more of their in...

Lagarde pays NO TAX on £300,000 salary

http://www.dailymail.co.uk/news/article- The self appointed "World Protector" pays no tax ! Another example of the hypocrisy so rife amongst the so called leaders, and the contempt that they show for the ordinary people.

Lagarde tells Greek Parents "Its your fault"

http://www.guardian.co.uk/world/2012/may Christine Lagarde, the self appointed "World Protector", and leader of the unelected "IMF Supreme Council" weighs in with her contribution to the growing distorted hysteria, attempting to influence the outcome of the forthcoming Greek elections. There can be no thinking person who really believes that the crisis in the Greek economy is the consequence of ordinary people, "Greek parents" to use her terminology, not paying their taxes. This simplistic, almost naive analysis, is an attempt to convince ordinary people in the rest of the Eurozone, together with those, like ourselves who are not members of the "Euro Club", that the crisis has nothing to do with the banks, financial institutions, speculators and the like, and the duplicitous politicians of the coalition of New Democracy (ND) and Pasok and more recently the unelected “technocrat” prime minister and government, who entered into austerity agreem...

What about the Greek people?

There are now only 25 days to go before the Greek people go to the polls on Sunday 17 th June, for an election which could rate amongst the most important decisions that they have ever made. It is noticeable however, that the attention of the worlds media, the politicians of the Euro zone, the G8 conference, the politicians of those European countries who are not members of the Euro zone “Club” and practically every news presenter, are specifically focused on one issue and its consequences. The ramifications of Greece leaving or being forced out of the Euro zone, seems to be the only focus of media and press speculation and political comment. Not the social consequences, but the economic and financial consequences not to the people of Greece but to the “markets”, the banks and to the perceived standing of the European politicians. This almost hysterical speculation, seems coupled with threats, warnings and inducements attempting to influence the voting. Every evening on Sky News,...

The effects of austerity

http://www.independent.co.uk/news With pensioners looking through rubbish bins because their pensions have been cut, with soup kitchens on the streets in Athens, with unemployment at record levels, with minimum wage levels reduced every month, and all as the effect of austerity inflicted from Merkel, the IMF and the Eurozone, this British millionaire offers this advice to the people of Greece " ... voters need to "meet their commitments" as a member of the Eurozone in elections next month or leave the currency union". Some choice ! Cameron spouting t he rantings of an out of touch selfish hypocrite

Greece today in the grips of austerity

 http://news.sky.com/home/world-news/article/16232020 How easy it is for millionaires like Cameron and Co, or Merkel or the IMF to preach to ordinary people that there is no alternative to austerity. The story of Eletharias shown here, is not uncommon and similar stories will be repeated across Europe. This is the situation in Greece NOW, with austerity and all its associated hardship for the people of Greece.