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    Jenetta

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    Greece Now

    Post  Jenetta on Thu Jun 13, 2013 9:39 pm

    Shock in Greece as Public TV and Radio Shut Down by Government


    http://goldenageofgaia.com/2013/06/shock-in-greece-as-public-tv-and-radio-shut-down-by-government/


    Greece On Nationwide Strike Again


    http://goldenageofgaia.com/2013/06/greece-on-strilke-again/




    _______________________________________
    As below so above; As above so below
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    burgundia

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    Re: GREECE NOW

    Post  burgundia on Sun Dec 07, 2014 12:51 pm

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    mudra

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    Re: GREECE NOW

    Post  mudra on Mon Jan 26, 2015 10:33 am

    Anti-Austerity Syriza Party Sweeps to Power in Greece

    https://www.youtube.com/watch?v=V64EskNR1tM



    Love Always
    mudra
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    enemyofNWO

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    Greece's new prime minister puts his country on a collision course with Germany

    Post  enemyofNWO on Tue Jan 27, 2015 6:15 am



    SNIP
    "Left-wing Syriza swept to power with 149 seats - two short of outright rule
    Leader Alexis Tsipras agreed deal with far-right party to form government
    First act today was to lay flowers at memorial to Communist resistance
    He has promised to renegotiate Greece's €240billion international bailout
    Sworn in this afternoon - making him the youngest Greek PM for 150 years
    His victory has been hailed by other anti-austerity parties across Europe
    Spain's Podemos party is vowing a similar general election win this year "


    http://www.dailymail.co.uk/news/article-2925262/Greeks-polls-critical-snap-general-election.html

    Worth also watching all the photos
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    mudra

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    Re: GREECE NOW

    Post  mudra on Sat Jan 31, 2015 3:59 pm

    Webster Tarpley - Syriza government in Greece

    https://www.youtube.com/watch?v=LFE8kHpZ-BM


    Love Always
    mudra
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    enemyofNWO

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    paul-craig-roberts-new-greek-government-may-assassinated

    Post  enemyofNWO on Wed Feb 04, 2015 6:04 am

    http://kingworldnews.com/paul-craig-roberts-new-greek-government-may-assassinated/

    SNIP
    "Today Dr. Paul Craig Roberts stunned King World News when he said that the new Greek government may be assassinated because the stakes are so high. The former U.S. Treasury official takes KWN readers on a terrifying trip down the rabbit hole of government lies and assassinations, where the stakes are high and governments play for keeps.

    Dr. Paul Craig Roberts: “There is much more involved here with Greece than just the interests of the creditor banks, who still want to be paid 100 cents on the dollar. There is another strong interest and this is the interest of the centralizing European Union government and the interest of the European Central Bank as the power-maker for all of the countries.

    So they are using the Greek crisis to establish that ruling power structure….

    Continue reading the Dr. Paul Craig Roberts interview below…
    http://kingworldnews.com/paul-craig-roberts-new-greek-government-may-assassinated/

    I hope it doesn't happen , but after what happened in Poland and in many South American countries ,
    with coup d'etat , revolutions , and mysterious death of leaders ........ considering the very high stakes
    in play such as , the European Union fraud, the money ( toilet paper money invented at will by the banks that cost Zero to invent and for which the criminal banksters charge interest ) and the way the financial world has taken over entire countries ...... all of this is at stake !
    Only time will tell ......
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    enemyofNWO

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    Chances are that Tsypras is a fraud

    Post  enemyofNWO on Wed Feb 04, 2015 9:37 am


    http://paolobarnard.info/intervento_mostra_go.php?id=1078

    Why do i say that ?

    quote " Sapete chi, il nuovo premier greco Tsipras e il suo Ministro delle Finanze Varoufakis, hanno ingaggiato a suon di milioni di dollari come ‘Consiglieri’ del governo greco in questa ennesima crisi, un governo che tutti i coglioni di sinistra fagiani e cefali assortiti credono Anti Austerità e anti Troika? Hanno ingaggiato LAZARD."

    Do you know who the new Greek PM Tsipras and his Finance Minister Varoufakis, have engaged at the cost of millions of dollars as " advisers " of the Greek Government to front this crisis ? a government that all ritards of the left and assorted animals think to be anti Austerity and anti troika ?
    They have hired LAZARD .

    "LAZARD. Chi sono? Sono un istituto finanziario di New York fra i più squali degli squali PRO-FINANZA SPECULATIVA della Storia dell’umanità. Mica meno. Quello che ci vuole per un governo greco… de la REVOLUCION!!!!!!!! "

    Lazard , Who are they ? They are a finance company of New York amongst the most sharky Pro-Speculative Finance in the history of humanity . What the doctor ordered for the Greek population ...
    of the revolution !!!!!! ( sarcasm )

    continues at http://paolobarnard.info/intervento_mostra_go.php?id=1078


    quote " Ecco il NUOVO in Grecia. Lazard, Tsipras, Varoufakis. Da vomitare, da urlare. E’ TUTTA UNA PRESA PER IL CULO LO CAPITE O NOOOOOOOOOOOOO? "

    This is the new in Greece . Lazard . Tsipras , Varoufakis , to make vomit and scream .
    It is all a farce and they are pulling your leg ! Noooooo ?


    I noted that originally Tsipras was talking about re-negotiation and cut of the debt , now with the latest proposal is talking about the debt to be linked to a growth factor of the economy ..........
    All of this change in three days in power ! It doesn't look good for Greece .......
    The same company that schemed with JP Morgan to fleece Greece is now hired to " advice " the Greek Government ........




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    mudra

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    Re: GREECE NOW

    Post  mudra on Wed Feb 04, 2015 5:39 pm

    Greece to reject EU-US trade deal

    http://yournewswire.com/greece-to-reject-eu-us-trade-deal/

    Love Always
    mudra


    The new Greek government will oppose a proposed free trade agreement between the European Union and the US and block its ratification.
    Greece’s Syriza government led by Premier Alexis Tsipras will use its parliamentary majority to reject the EU-US trade pact, says Georgios Katrougkalos, Greece’s deputy minister for administrative reform.
    Telesur report: The controversial TTIP will be vetoed by a Syriza-led Greek government, according to a former MEP.
    - See more at: http://yournewswire.com/greece-to-reject-eu-us-trade-deal/#sthash.nn8yKlQx.dpuf

    The new Greek government will oppose a proposed free trade agreement between the European Union and the US and block its ratification.
    Greece’s Syriza government led by Premier Alexis Tsipras will use its parliamentary majority to reject the EU-US trade pact, says Georgios Katrougkalos, Greece’s deputy minister for administrative reform.
    Telesur report: The controversial TTIP will be vetoed by a Syriza-led Greek government, according to a former MEP.
    - See more at: http://yournewswire.com/greece-to-reject-eu-us-trade-deal/#sthash.nn8yKlQx.dpuf



    Greece to reject EU-US trade dealGree
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    mudra

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    Re: GREECE NOW

    Post  mudra on Thu Feb 05, 2015 7:09 am

    Keiser report : Hidden Truth About Greece

    https://www.youtube.com/watch?v=84j6DzzzyK8



    Love Always
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    B.B.Baghor

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    Re: GREECE NOW

    Post  B.B.Baghor on Thu Feb 05, 2015 8:51 am

    mudra wrote:Keiser report : Hidden Truth About Greece

    https://www.youtube.com/watch?v=84j6DzzzyK8



    Love Always
    mudra

    Thank you, mudra, I will share this with the Bank of Joy.
    I like the furious showing of anger by Keiser, he's genuine and just himself Wink
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    enemyofNWO

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    Did you know: 80% of the bailout money went to European Union banks that were Greek bondholders, and not the Greek economy. Read more at http://investmentwatchblog.com/did-you-know-80-of-the-bailout-money-went-to-european-union-banks-that-were-greek-bondh

    Post  enemyofNWO on Fri Feb 06, 2015 9:29 am

    Did you know: 80% of the bailout money went to European Union banks that were Greek bondholders, and not the Greek economy.
    Read more at http://investmentwatchblog.com/did-you-know-80-of-the-bailout-money-went-to-european-union-banks-that-were-greek-bondholders-and-not-the-greek-economy/#EjLaBX7a09g7BtUc.99


    Recapping .
    1) The EU banks printed hundred of billions of dollars possibly trillions to lend at 1% to the European    
        zombi banks .
    2) The EU finds money for the banks but forces austerity on the populations .
    3) The euro banknotes cost each a fraction of a cent to produce ( paper and Ink ) and when a citizen wants to borrow money will have to pay the interest on the toilet paper money on top of estinguishing the loan !
    4) Now the BCE will start printing money by the tons and the call it Quantitative Easing .
       Why not estiguishing the debt of Greece then to put to good use EU toilet paper ?
        Greece should only offer to pay for the cost of the paper and the INK and NOTHING ELSE !
    5) I hope Greece defaults . The EU is incapable to manage countries with High Debt .
        This crisis could be the end of the false dream called EU . The EU has been hijacked by zionist
        interests and Washington DC. It has ceased to look after the interests of EU citizens and the traitors
        in command should be put on trial for treason .
    6) Members of the Troika should be arrested as soon as they land in Greece . People must be informed    
        that terrorists not  only use the Kalashnikov rifle but also toilet paper money that they invent from
        nothing using  an excel spreadsheet .
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    mudra

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    Re: GREECE NOW

    Post  mudra on Wed Feb 25, 2015 3:37 pm

    The Reason Why The Eurogroup Rushed To Approve The Greek Reform Package?

    As we noted earlier today, there was some confusion over the plight of the Greek reform proposal document, which initially was said to have been delayed until today, only for the Troika, pardon, Institutions, to flip around and say they had actually received it before midnight on Monday. How could the two be possible? Courtesy of Yannis Koutsomitis, who had the simple but profound idea of looking at the properties tab in the leaked Varoufakis draft of the agreed to proposals, we now know.
    As it turns out, the reason why not only the Troika received an agreed to version of the Greek reform proposals "before midnight on Monday", but rushed these through with a favorable agreement today, is that, drumroll, the European Commission drafted the entire letter!



    read on: http://www.zerohedge.com/news/2015-02-24/stunning-reason-why-eurogroup-rushed-approve-greek-reform-package


    Love Always
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    B.B.Baghor

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    Re: GREECE NOW

    Post  B.B.Baghor on Wed Mar 11, 2015 11:42 am

    http://www.europarl.europa.eu/ep-live/en/plenary/video?intervention=1425981618968

    The presentation is in Greek, but you can choose to hear it in any language you like
    European long-term investment funds (continuation of debate)
    10-03-2015

    "If Europe chooses to throw Greece out, the damage will be much larger for themselves"
    Quote by Manolis (Emmanuel)

    Manolis Glezos, this member of parlement for Syriza, shows the guts to say it as it is,
    at the start of the video in the link above. This man is born in 1922, now 92 years of age,
    one of a kind, a man of a making, rarely found these days.

    https://www.youtube.com/watch?v=HoJ8xR-L1uA


    https://www.youtube.com/watch?v=rd9_9dOon-Y

    Published June 1 2012

    The Holy Trinity - Manolis Glezos & Apostolos Santas steal and destroy the NAZI flag in Athens Acropolis (1941) -
    Historical documentary in Greek language (ERT) Η ΝΑΖΙΣΤΙΚΗ ΣΗΜΑΙΑ ΚΑΤΕΒΑΙΝΕΙ ΑΠΟ ΤΗΝ ΑΚΡΟΠΟΛΗ



    Regarding the situation in Holland, today, the Dutch government is in huge turmoil.... some
    well meaning "die hards of the old school" are placed into a position where they are forced to
    leave. They're found guilty on non-existent facts, sort of by the use of false flags, the media
    made sure these facts became true, blowing the whole charade to huge proportions, piece of cake.

    That's how the political arena makes sure certain agenda points are obeyed and followed, without
    scruples, or any sense of co-operation. Lost marbles roll..... on the sloping surface of that stage.
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    enemyofNWO

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    Farage: There Are Not Enough Lifeboats on The Euro Titanic

    Post  enemyofNWO on Wed Mar 18, 2015 1:28 pm

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    B.B.Baghor

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    Re: GREECE NOW

    Post  B.B.Baghor on Wed Mar 18, 2015 8:39 pm

    enemyofNWO wrote:
    Farage: There Are Not Enough Lifeboats on The Euro Titanic

    http://investmentwatchblog.com/farage-there-are-not-enough-lifeboats-on-the-euro-titanic/

    Now that's what I call sarcastic fury! That's a clear presentation, enemyofNWO, just saying it as it is,
    by this British politician. The Greek Manolis Glezos is in the same category, using common sense, with a heart.
    The ongoing erratic and unexpected but persistent moves of dough, by the banking system is what the British,
    with great wit, would call "Moving around the furniture on the Titanic" Lolerz

    I don't know about you, but the irony of my present situation and those of others I know, without work for an income,
    in my country, is that I almost live without money for food and private indulgences like going out or travel. I've learned
    a lot about how to be aware and spend the little that I have, in order to not live under one of the many bridges of Utrecht.

    Fortunately that's accompanied by my freedom not having to work for an income anymore. Plus a garden for growing crops.
    In a surprising way I sense that not being rich or not in charge of a large bankaccount and material wealth, sets me free.
    The whole system, of the Dutch way of life, in relative wealthy conditions, but amidst much jobs being lost, many forensic
    people work from 8.30 - 17.00 or often until much later, in more or less slavery.

    At 7.00 am the Railway Station is packed with passengers, standing and sitting as sardines in the trains and lots of people
    drive by car for several hours each weekday. Four of my younger sisters are insecure about the continuing of their jobs and
    businesses, for the first time in their lives. I myself have always lived with risks, as a self employed woman, inventing new
    ways of work too. I guess I'm in a safe haven now, at almost 65 of age. Time is on my side.

    This world of working people, begins to look unnatural and unhealthy, to me, disrespectful too. I begin to experience that,
    without the pressure of having to work for an income, my whole energy system relaxes and expands, in the joy of being
    present without pressure from society and its regulations and laws.

    I believe that when all those people, that are now in a working drone mode, 24/7, would live while secured by an income
    without obligation whatsoever, more freedom of expression and beneficial inventions, socially and energy-wise, would
    surface and thrive. Plus the blooming of art and community service by volunteers. I'm prepared for a crash in the banking
    system, or Greece falling, with the EU following. Free from money, carefree as a bird
    Cheerful
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    enemyofNWO

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    How Far Will The Euro Fall?

    Post  enemyofNWO on Thu Mar 19, 2015 5:47 am

    SNIP

    The US dollar is hitting new 12-year highs almost daily, while the euro seems to be plunging inexorably to below dollar parity. Currency movements are often described as the most unpredictable of all financial variables; but recent events in foreign-exchange markets seem, for once, to have a fairly obvious explanation – one that almost all economists and policymakers accept and endorse.

    French President François Hollande, for one, has ecstatically welcomed the plunging euro: “It makes things nice and clear: one euro equals a dollar," he told an audience of industrialists. But it is when things seem “nice and clear" that investors should question conventional wisdom. A strong dollar and a weak euro is certainly the most popular bet of 2015. So is there a chance that the exchange-rate trend may already be overshooting?

    In one sense, the conventional explanation of the recent euro-dollar movement is surely right. The main driving force clearly has been monetary divergence, with the Federal Reserve tightening policy and the European Central Bank maintaining rock-bottom interest rates and launching quantitative easing. But how much of this divergence is already priced in? The answer depends on how many people either are unaware of the interest-rate spread or do not believe that it will widen very far. "

    continues at
    http://www.zerohedge.com/news/2015-03-18/how-far-will-euro-fall

    The problem with the Greek default is that some European banks have bought Greek bonds for the value of many dozens of billions . This will translate into losses of capital for the greedy banks . This charade illustrates that the IMF and BCE am EU ( the Troika ) policies of giving more money to a country that already cannot repay existing debts is pure idiocy . More money lent = more debt .
    So if there is going to be a Greek default , this will have repercussions and could start a chain reaction of failures . Already the Deutsche Bank is in trouble with derivate debt to the tune of 75 TRILLION dollars .
    The EU wants the Greet population to act as slaves to pay a debt impossible to repay and so keep the EU banks from failing . We have almost returned to the Middle ages with the prospect of an entire population
    been reduced for generations to slavery .
    The EU clearly is incapable to understand that if a country is bankrupt , cannot repay its debt .
    There is a certain amount of blame in this caper for the corrupt greek politicians , but also to the EU politicians who persisted ,in trying to keep Greece in the EU , in giving impossible loans to a country with proven incapacity to repay such an extravagant burden .
    Then there is the continuing scandals of outright daily robbery by the banks using LIBOR , FOREX and the rigging of the prices of precious metals that has been going on for decades .
    Finally there is the fraud of the EURO = ink printed toilet paper with no intrinsic value .
    All those things point to systemic failure , the system based on FRAUD is finally falling apart .
    Who has the possibility should do well in buying some silver coins and gold coins .
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    mudra

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    Re: GREECE NOW

    Post  mudra on Fri Apr 03, 2015 3:59 am

    Greece considering nationalising its banks and issuing new currency, sources claim


    Greece’s government is prepared to nationalise the country’s banks and could create a new currency to pay its bills unless the eurozone nations back down over austerity, sources have reportedly said.

    The left-wing Syriza party, which dominates the governing coalition, could also decide to not make a payment due to the International Monetary Fund (IMF) next week under its bailout agreement, so that it can pay state employee’s wages and benefits.
    A senior official told The Daily Telegraph: “We are a left-wing government. If we have to choose between a default to the IMF or a default to our own people, it is a no-brainer.

    read on: Arrow http://www.independent.co.uk/news/business/news/greece-considering-nationalising-its-banks-and-issuing-new-currency-sources-claim-10153668.html

    Love Always
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    enemyofNWO

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    Draghi : Greece must do more

    Post  enemyofNWO on Sun Apr 19, 2015 3:21 am

    http://www.repubblica.it/economia/2015/04/18/news/draghi_ripresa_di_eurolandia_si_rafforza_-112236617/?ref=HREC1-1

    After the episode of FEMEN girl throwing confetti at him and he looked terrified , another pearl from the BCE leader : "Alcune cose positive sono state fatte", ha aggiunto il numero uno dell'Eurotower, "ma bisogna fare di più ed è urgente farlo.[b][/b]"

    "A few positive things have been done , but more must be done it is urgent to do it "

    So there are a lot of unemployed , people without health benefits and medicines that find it difficult to remedy the money to buy the food to survive and according to this deranged mentally deficient person " Greece must do more " . I think that the policies of " austerity " are a symptom of a mental desease that affect most pseudo " economists " . According to some studies , economic reforms * requested by the EU and the IMF " are not conducive to improved economic performance .

    http://www.zerohedge.com/article/guest-post-depression-within-depression

    http://www.academia.edu/4083342/The_Austerity_Trap_Economic_and_Social_Consequences_of_Fiscal_Consolidation_in_Europe
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    B.B.Baghor

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    Greece's proposals leak out

    Post  B.B.Baghor on Mon Jun 22, 2015 1:52 pm

    All this, while planet Earth is in Hot a radiation storm level 2 Hot



    Greece's proposals leak out

    Details of Greece’s new proposals are starting to emerge in Brussels:

    Joost de Vries of Dutch newspaper Volkskrant has tweeted a page showing where the cuts and tax rises fall.
    And there’s a hefty increase in revenues from VAT over the next 18 months.

    Greece has also accepted that pension must be reformed, and is planning a hike in pension contributions and
    an increase in health contributions from retirees. However, it appears that actual pension rates won’t be cut,
    allowing Athens to argue it has kept to its red line.

    There’s also a one-off tax on company profits, for firms earning at least half a million euros.



    Source: http://www.theguardian.com/business/live/2015/jun/22/greek-crisis-eurozone-summit-leaders-eurogroup-ecb-live


    The #EuroSummit on #Greece has just started. http://ow.ly/OC8hx
    7:32 PM - 22 Jun 2015


    Wolf Piccoli of Teneo Intelligence says the latest Greek proposals are designed to tackle political hurdles, rather
    than steer the economy back to growth. Pensioners almost spared, private business bearing the brunt of the
    govt's new proposal. Political rather econ priorities #Greece
    7:45 PM - 22 Jun 2015
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    B.B.Baghor

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    Re: GREECE NOW

    Post  B.B.Baghor on Tue Jun 23, 2015 6:06 pm

    The irony of the situation now with a novel Greek tragedy in the EU arena, is that after the 1st World War, Germany
    was severely punished for "causing havoc" and put under obligations, creating a huge debt owed to the US. This was
    the cause of German's economy falling and the rise of the 3rd Reich with Hitler promising gold on the streets for the
    German people, who welcomed him and the brown shirts, cheering.

    History repeats itself: at the start of the EU including the change to the Euro currency, Greece is put under obligations:
    joining the rules of the EU game and exchange the drachme for the one-size-fits-all euro. The EU concept bypasses the
    differences in culture and the Greek country's nature, somewhat similar to selling jacuzzis to an African desert tribe.

    Of course everything is being tried to avoid pointing at the EU as a bad idea which time never should have come, imho.
    So Greece is the failing athlete who spoils the game and pollutes the EU dreamskies. And now the irony: Angela Merkel
    is most fierce in shackling Greece, I think badly in need of refreshments for her memory, studying the fate of her own
    country-people in the years after WW1.



    June 23rd 2015 7 hrs. ago 16:16

    Here’s an early picture of the pensioners protest in Greece:


    Angry pensioners have descended from all over #Greece. Organizers say at least 70 coaches have arrived in
    Athens 4:59 PM - 23 Jun 2015



    June 23rd 2015 6hrs ago17:33

    "Greece's junior coalition party wants debt relief as part of deal

    Back in Athens, the government’s junior coalition partner, the small right-wing Independent Greeks party
    (Anel), has made resolution of Greece’s debt problem, a precondition of its support of any deal that is eventually
    reached, reports Helena Smith.

    “Our red lines remain,” Panos Kammenos, the party’s leader, is reported to have told MPs who (as we flagged earlier)
    met in extraordinary session this afternoon to discuss the government’s proposed reforms. “It is now very clear that
    it is Greece that is negotiating, not simply a government that is negotiating. We hope that the course of negotiations
    will be positive for the Greek people.”

    Parliamentary endorsement of the agreement would be premised on whether the debt issue was tackled with a legal
    commitment on the part of creditors to some form of debt relief, party members said.

    Elimination of tax exemptions on Greek islands was another red line that the Independent Greeks would not cross “even
    if the government falls,” Panos Kammenos was quoted as telling MPs".


    11 hrs ago 13:17 June 23rd 2015
    List: Greece's latest reform plans

    Here’s a handy list of the Greek proposals which are now being examined by officials from its lenders right now:
    Greek bailout proposal



    Economist Sean Richards fears that these €8bn of tax rises will have a very serious impact on the economy. He writes:

    "When I see headlines proclaiming that the new deal offers hope for Greece I do wonder what universe the writers are living in!
    The cycle so far involves Greece implementing austerity followed by economic weakness and at times collapse which means
    that yet more austerity is required and then repeat. On that road the economy has shrunk by a quarter and real wages have
    fallen by a third.

    What has been done to Greece is bad enough but to learn so little from it that you are willing to do it again seems insane under
    the Albert Einstein definition. Even worse is the fact that one of the ways that Greece entered its crisis was an inability to collect
    its taxes particularly on the wealthy and its equivalent of the oligarchs. Thus a solution essentially based on higher taxes has an
    obvious flaw.

    It seems that US Treasury Secretary Tim Geither was correct that Euro leaders wanted to punish Greece and the current form of
    that seems to be making sure that it remains in its ongoing economic depression".


    Source: http://www.theguardian.com/business/live/2015/jun/23/greek-crisis-athens-creditors-deal-imf-ecb-banks-live#block-55898937e4b024f829c5cf23
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    B.B.Baghor

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    Re: GREECE NOW

    Post  B.B.Baghor on Wed Jun 24, 2015 5:07 am

    My perception of the present Greek tragedy:
    As long as there's beating around the burning bush: a corrupt and invalid EU, the Greek progressive leaders will have to use
    all their acrobatic skills to practice diplomacy and speaking the truth. I would love to see that happen, just like when the
    recent elections were bringing them on stage. The situation now is quite a hazardous, where these Greek political athletes'
    talk needs to reflect their walk. Am I wrongly informed and mistaken? How to walk on the EU tarmac with those nasty
    sinkholes? Blink scratch Hmmm Huh ?

    If Greece falls, it won't go unnoticed in the whole of Europe. The concept of a EU may prove to be an initiative, not at all in
    the interest of human beings, the citizens of the EU. I don't mean to convey that a fall of Greece is a bad thing, Greece may
    be the country which shows the true meaning of Agenda 21.I think it's a wise decision to be prepared for a lifestyle more or
    less off grid and learn to be independent from internet, restoring sovereignty in mind, heart and body, for the coming years
    will bring huge change, at least that's what I'm prepared for as a possibility. To be a warned person means that no harm and
    difficulty will present itself as suffering and obstacle.

    I pray for an outcome these days, that is beneficial to all parties gathering in Brussels now and that honesty and truth prevails.

    

    June 24th 2015 48m ago 10:05
    Tsipras in last-ditch bid to salvage deal


    [size=16]Greece’s Prime Minister Alexis Tsipras waves to the media in Athens yesterday. Photograph: Thanassis Stavrakis/AP

    "Alexis Tsipras’s trip to Brussels today is a “last ditch” bid to salvage his bailout agreement, says the Financial Times.

    Echoing Ian Traynor’s warning that the deal could soon unravel, the FT says the Greek PM will be pushed to revise
    his reform plan at the meeting with Lagarde, Draghi and Juncker.

    From Brussels, the FT’s Peter Spiegel writes:

    According to a senior eurozone official, talks between Athens and negotiators from the bailout monitors — the International
    Monetary Fund, European Commission, and European Central Bank — have barely progressed since Mr Tsipras’ proposal was
    met with an outpouring of relief at a summit of eurozone leaders on Monday night.

    That has raised concerns over whether a deal can be finalised this evening at a meeting of eurozone finance ministers in Brussels.
    And crucially, Greece’s creditors aren’t on the same page.

    Two officials involved in the talks said the IMF and the commission are at loggerheads over how many revisions are required,
    with the IMF concerned the proposal relies almost exclusively on increased employee contributions — essentially a new 3.9 per
    cent tax on labour — to make up shortfalls in the pension system.

    The IMF has pushed for benefit cuts in the system to make it more sustainable in the long term. EU officials have termed the
    Greek public pension system one of the most generous in the 28-country bloc".

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    Re: GREECE NOW

    Post  B.B.Baghor on Wed Jun 24, 2015 5:54 pm

    Entre-acte in the present Greek tragedy

    June 24th 2015 6hrs ago 18:05
    "Belgium: We have a moral obligation to the Greek people

    Belgium’s Johan Van Overtveldt then insists that the euro-group must put the needs of the Greek people first.
    We have a very big responsibility towards the Greek population, I think their suffering is immense. Can you imagine
    an economy that diminishes by 25% in a few years? That’s horrendous.

    We have to stop that... We have a moral obligation here.


    But surely the pension cuts and tax rises being pushed by the Institutions will make this worse?

    Van Overtveldt argues that it’s wrong to say that Greece’s bailout program has been very bad for the country;
    the problem is that it’s never been properly implemented".

    June 25th 2015 3hrs ago 20:26

    Snap summary: Eurozone ministers see no deal tonight


    Photograph: John Thys/AFP/Getty Images

    So to quickly recap.... Euro-zone finance ministers have decided there’s no point talking late into the night about Greece,
    as an agreement is still some distance away. Tonight’s meeting in Brussels quickly showed that there are still fundamental
    differences between Athens and its creditors over its bailout reform program, with less than a week until it expires.

    A meeting that was meant to go into the night and actually deliver a deal actually ended after barely an hour, once ministers
    had been briefed. The Euro-group swiftly concluded that it isn’t in any position to draw up the staff-level agreement needed
    to unlock aid for Greece.


    Source: http://www.theguardian.com/business/live/2015/jun/24/greek-crisis-eurogroup-meeting-tsipras-backlash-live#block-558ae253e4b0e0aeb011593c

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    B.B.Baghor

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    The heat is on.....creditors issue bailout ultimatum to Greece 11.00 am June 25th 2015

    Post  B.B.Baghor on Thu Jun 25, 2015 4:35 am

    June 25th 2015 13m ago 10:16

    The European Central Bank has just approved a request for more emergency liquidity for the Greek banking sector,
    according to the newswires. No word on how large the request is, but Greek officials are briefing that the ELA
    funding could be reviewed again tomorrow
    .

    June 25th 2015 2m ago 10:04

    Reuters has also heard that Greece was told to produce a new proposal this morning, or else...
    CREDITOR INSTITUTIONS GAVE GREECE UNTIL 1100 CET TO PRODUCE A NEW, WORKABLE PROPOSAL - EURO ZONE OFFICIAL

    IF GREECE DOES NOT DELIVER, CREDITOR INSTITUTIONS WILL SUBMIT THEIR OWN PROPOSAL TO EURO ZONE FINANCE
    MINISTERS AT 1300 CET - EURO ZONE OFFICIAL


    People walk along a street, with a statue of Goddess Athena seen in the background, in Athens this morning.

    Great choice of picture: Athena with Apollo's chariot at her back Cheerful

    Photograph: Marko Djurica/Reuters

    June 25th 2015 11m ago 09:53

    FT (Financial Times): Creditors issue bailout ultimatum to Greece

    The crunch moment may just have arrived.

    "According to the Financial Times, creditors have given Alexis Tsipras until 11am Brussels time to produce a ‘workable’ proposal.
    That’s in just under 10 minutes time! If he doesn’t give some ground, Athens could then get a ‘take it or leave it’ offer.....

    Over to the FT’s Peter Spiegel and Alex Barker:

    Greece is down to its final hours for negotiations over its soon-to-expire bailout, with creditors giving Alexis Tsipras, the Greek
    prime minister, until 11am Brussels time to come up with a workable economic reform plan to release €7.2bn in desperately needed
    rescue aid.

    According to two senior euro-zone officials, if Mr Tsipras fails to reach an agreement — which people briefed on the talks say is
    now likely after fruitless all-night talks — the creditors’ offer will be presented to eurozone finance ministers for a “take it or leave it”
    choice by Athens".

    “The Greeks didn’t move at all,” said one senior official of the talks between Mr. Tsipras and the heads of the European Commission,
    International Monetary Fund and European Central Bank, which stretched into the early hours of Thursday before breaking up and
    resuming at 9am.

    “The level of frustration is so high. I don’t see a deal,” the official added. “It’s looking pretty grim right now.
    MNI’s Simon Marks also reports that tensions are very high....


    Source: http://www.theguardian.com/business/live/2015/jun/25/greek-crisis-bailout-talks-resume-eurogroup-summit-live#block-558bbf84e4b0e0aeb0115ad2
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    Re: GREECE NOW

    Post  B.B.Baghor on Thu Jun 25, 2015 5:27 pm

    June 25th 2015 4h ago 19:33

    Costas Lapavitsas, a Syriza MP, has made a new call for Greece to break away from the Eurozone, following the rejection of Athens’
    compromise proposal. Writing in the Guardian, Lapavistas said an influential group of Syriza’s MPs would soon make an “intervention”:



    'Greece and the government of Syriza have now come face-to-face with the ruthless reality of the euro-zone.'
    Photograph: Simela Pantzartzi/EPA

    "A few days ago the Greek government submitted a list of proposals hoping to break the deadlock with the “institutions” – the European Commission,
    the International Monetary Fund and the European Central Bank. The government basically agreed to tough primary surpluses: 1% in 2015 and 2%
    in 2016. To achieve these targets it proposed to raise VAT on a range of widely consumed goods as well as imposing a host of taxes on enterprises
    and families of “high” income. It also proposed substantial savings on pensions. The measures added up to roughly €8bn over 2015-16, and would be immediately implemented.

    The package is certainly deflationary at a moment when the Greek economy is again on the threshold of recession. There is little doubt that it would contribute to output contraction and higher unemployment in 2015-16, particularly as there is little prospect of being offset by an investment program funded by the EU. It is a major retreat by the government of Syriza.

    To general astonishment, the response of the “institutions”, led by the IMF, was to demand even tougher measures to achieve the same targets.
    These include more severe increases in VAT, a lessening of the tax burden on enterprises and greater pension savings. If these demands are met,
    the government will not even be able to claim that it has shifted some of the increased tax burden away from workers and the poor.

    For Greece as a whole, the prospect of a deal achieved on this basis would be simply appalling. The country would be forced to adopt harsh
    austerity measures dictated by the lenders, without any realistic possibility of substantial debt relief, or of a significant investment program.
    The “institutions” are once again attempting to impose the policies that have failed abysmally since 2010, causing huge contraction of GDP,
    vast unemployment and mass impoverishment. It would be a national disaster accompanied by the complete humiliation of the Syriza government.

    For those who look at the European Union without rose-tinted glasses, there is no surprise regarding the attitude of the lenders. The EU and the euro-zone in particular are in thrall to austerity, even institutionalizing it through the so-called six-pack and two-pack. The lenders
    have inevitably objected to lifting austerity in Greece, and appear to believe – foolishly – that austerity “works”. Furthermore, they are keen to
    inflict a political defeat on a left-wing government that has dared to challenge the European status quo. Europe has shown a harsh and cynical face toward Greece, whatever might be the faults of Greece itself.

    The real question is, will the government of Syriza accede to these extraordinary demands? Will it submit to blackmail? Syriza won the election in January 2015 with a strategy that promised to lift austerity and bring radical change to Greece, while remaining within the euro-zone. It believed
    that its strong democratic mandate would help it succeed in tough negotiations with the lenders. Reality has proven to be very different as the lenders have used the framework of the euro-zone to create a liquidity and funding shortage that has crippled the Greek side.

    At the same time, both the lenders and the domestic forces that wish to continue with the policies of austerity – including, mostly, the rich and
    the financial elite – have been scare-mongering shamelessly about Grexit. Faced with the power of the purse, the strategy of Syriza is unraveling.
    Greece and the government of Syriza have now come face-to-face with the ruthless reality of the euro-zone. To keep the country in the monetary union, the lenders are demanding that it should submit to blackmail and accept policies that would lead to national decline.
    Greek society would face low growth, high unemployment, entrenched poverty and emigration of its skilled youth, as the experience of the last
    five years has shown.


    There is an alternative path for Greece, and it would include leaving the euro-zone. Exit would free the country from the trap of the common
    currency, allowing it to implement policies that could revive both economy and society. It would open a feasible path that could offer fresh hope,
    even if it entailed significant difficulties of adjustment during the initial period.

    The choice ultimately rests with the Greek people. Despite the frequently reported polls presumably showing strong support for the euro-zone,
    the reality on the ground is anger and frustration among workers, the poor and the ravaged lower-middle class. These are the social layers that
    could put the country on a different trajectory of growth with social justice. In this respect, it is incumbent upon Syriza to rethink its strategy
    and offer fresh leadership to the Greek people. In the coming days a significant intervention by its influential left wing, the Left Platform, can be expected. Greece needs a rapid public debate and a reshaping of policy. The country has the strength to survive and it will".


    Source: http://www.theguardian.com/commentisfree/2015/jun/25/greece-blackmailed-eurozone-troika-syriza-common-currency#img-1


    Reading the comments on the Guardian Greek drama, offers different points of view and interesting facts also, as in this one here:

    Aretoussa Anton Brasschaat 26m ago (Dutch commenters tend to say it as it is, I noticed Wink)
    "I must remind you that a number of smaller EU countries, amongst them Greece, were pushed into the Euro prematurely upon Germany's
    insistence, and without a referendum as their constitution would have prescribed. Bundes-chancellor Schroeder and his government are
    to blame, and I heard one of his ministers at the time justify their action on German channel ZDF with my own ears, and with the following
    words "we did not want any European country to remain out of the Euro in spite of anticipated issues as such countries would have continued
    to compete against German products on international markets by currency devaluation". Does German governments ever have anything else
    in mind but German interests and Arbeitsplaetze? No, they don t. And the big American company that helped Athens at the time fix the books
    is a friend of your Deutsche Bank. Guess who set the whole thing up".

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    Re: GREECE NOW

    Post  B.B.Baghor on Sat Jun 27, 2015 5:13 pm

    The Guardian: Greek crisis deepens further as bailout extension rejected - live updates
    June 27th 2015  10.21pm 22:21

    "Ah...Tsipras has asked for, and got, a short recess -- so that New Democracy MPs who left the chamber following Samaras’s speech
    (in a row with speaker Zoe Konstantopoulou) can take their seats again:

    And here’s a picture of that walkout:



    Source: http://www.theguardian.com/business/live/2015/jun/27/greek-crisis-mps-referendum-tsipras-eurogroup-ministers-live#block-558ef3b6e4b0c9bda8d8a96a

    Live:  20m ago 22:17pm June 27th 2015
    Alexis Tsipras is speaking in the Athens parliament - just 24 hours after announcing his referendum plan.

    If there's a Greek member here, able to offer an English translation or summing up of Tsipras' talk, you're very welcome!

    "Τηλεοπτικός Σταθμός της Βουλής των Ελλήνων

    Συνεχής μετάδοση του προγράμματος διαδικτυακής τηλεόρασης της Βουλής των Ελλήνων"

    https://parltv.live.grnet.gr/webtv/



    A bit older, by Zerohedge
    Eurozone Rejects Greek Bailout Extension: All Bailout Programs Expire On June 30, Referendum Moot

    First thing this morning, when summarizing the flurry of overnight events, we focused on today's final gambit by Greece:
    "... moments ago Varoufakis was quoted as saying he would ask the Eurogroup for a bailout extension of a few weeks to
    accommodate the referendum.

    And the punchline: if the Eurogroup says "Oxi", then the entire Greek gambit, which has been a bet that to Europe the
    opportunity cost of a Grexit is higher than folding to Greek demands, collapses.

    If the Eurogroup declines Varoufakis' request, there simply can not be a referendum, as the "institutions proposal" will no
    longer be on the table. As such, the only question is whether the ECB will also end the ELA at midnight on June 30, adding
    insult to injury, and causing the collapse of the Greek banking system days ahead of a referendum whose purpose would
    now be moot."

    And, as expected, with the Eurozone meeting on Greece having just ended after a brief hour of deliberations, AFP reports
    that the answer, was indeed, no.

    And then also this from zerohedge:

    EUROGROUP PRESS CONFERENCE CALLED OFF IN BRUSSELS
    EURO-AREA FIN. MINISTERS TO CONTINUE TALKS WITHOUT GREECE: ANP
    EUROGROUP TO RECONVENE AFTER BRIEFING W/O GREECE: EU OFFICIAL

    In effect, and very symbolically, Greece is already out of the Eurogroup. Worse: the referendum is now moot as the programs
    will expire on Tuesday night and Greece won't have anything actionable to vote on next Sunday.


    What happens next: Euro-group makes it official that the Greek proposal ends on June 30 making the referendum moot as the
    institutions proposal will no longer be on the table, the ECB pulls a "Cyprus" on Greek ELA, and a Greek bank system which is
    put on indefinite hiatus, leading to a "soft" Greek default if not outright Grexit, paving the way for even more ECB QE.

    In the meantime, here is the live feed from the Euro-ex-Greece-Group where now only 18 countries are allowed to opine on the
    future of the costliest, and most artificial monetary experiment in history. And here is the official Eurogroup Statement on Greece,
    whose most important line is the footnote:

    Since the 20 February 2015 agreement of the Eurogroup on the extension of the current financial assistance arrangement,
    intensive negotiations have taken place between the institutions and the Greek authorities to achieve a successful conclusion
    of the review. Given the prolonged deadlock in negotiations and the urgency of the situation, institutions have put forward a
    comprehensive proposal on policy conditionality, making use of the given flexibility within the current arrangement.

    Regrettably, despite efforts at all levels and full support of the Eurogroup, this proposal has been rejected by the Greek autho-
    rities who broke off the programme negotiations late on the 26 June unilaterally. The Eurogroup recalls the significant financial
    transfers and support provided to Greece over the last years. The Eurogroup has been open until the very last moment to further
    support the Greek people through a continued growth-oriented programme.

    The Eurogroup takes note of the decision of the Greek government to put forward a proposal to call for a referendum, which is
    expected to take place on Sunday July 5, which is after the expiration of the programme period. The current financial assistance
    arrangement with Greece will expire on 30 June 2015, as well as all agreements related to the current Greek programme including
    the transfer by euro area Member States of SMP and ANFA equivalent profits. The euro area authorities stand ready to do what-
    ever is necessary to ensure financial stability of the euro area.

    [1] Supported by all members of the Eurogroup except the Greek member.

    Source:
    http://www.zerohedge.com/
    news/2015-06-27/eurozone-rejects-greek-bailout-extension



    And last but not least... from the Hellenic Republic Ministry of Foreign affairs June 27th 2015, on migration:
    Foreign Minister Nikos Kotzias participated today, Tuesday, 23 June 2015, in a meeting of the EU General Affairs Council, in Luxembourg,
    during which there was a discussion of the migration issue, which will be the main subject of the upcoming European Council.

    In his remarks, Mr. Kotzias – having described the difficulties Greece is facing due to the unprecedented flow of refugees and migrants,
    at a time of deep economic crisis – highlighted first and foremost the dire need to deal with migrant’s healthcare requirements, as well
    as three further key points that need to be taken into consideration in the recommendations from the Commission and the Council for
    dealing with the problem:

    First, that all the tools at the European Union’s disposal be used, and mainly the readmission processes and agreements with the coun-
    tries to the southeast of Greece, from Turkey to Pakistan. Second, that there be express reference to the obligatory nature of internal
    relocation and resettlement, to avoid lack of clarity.

    Finally, that there needs to be a reference to reception facilities and first reception facilities that will operate in accordance with the
    planning, needs and particularities of the state hosting these refugees, and not on the model of structured border zones.

    Source:
    http://www.mfa.gr/en/current-affairs/top-story/foreign-minister-kotzias-remarks-on-migration-at-todays-meeting-of-the-eu-general-affairs-council-luxembourg-23-june-2015.html

    Intriguing, how issues are present now and glued together, in Greece, a country in need of dealing with existential matters of fact and
    boat-refugees arriving on its shores, dealing with the latter issue in their own way. It's as if the situation with the present migration
    shows clear evidence of a failing support by wealthy countries of the (mainly) Northern hemisphere, donating money as acts of charity.

    Most of that money falls in the wrong hands and never arrives where it's intended for. Only when you and I decide to move to those
    areas that are now abandoned by many, and actually be present, alive and kicking in the right way and direction, living conditions may
    improve. Poverty can't be solved by remote control or remote viewing
    Whistle

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    Re: GREECE NOW

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