Amid rising social unrest as yet another bailout is negotiated to pass-through Greek government hands to the banks, this week brought some potentially good news for the Greek economy. Following Tsipras and Putin’s meetings this week, ekathimerini.com reports that Defense Minister Panos Kammenos unveiled a new partnership with Russia to manufacture Kalashnikov rifles “ending the prospect of Greece’s defense industry shutting down.” There’s just one small condition for this growth-enhancing, job-creating program to begin – Europe must end its embargo with Russia (and break with its Washington vassal status).
Dr. Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.
Having successfully used the EU to conquer the Greek people by turning the Greek “leftwing” government into a pawn of Germany’s banks, Germany now finds the IMF in the way of its plan to loot Greece into oblivion.
The IMF’s rules prevent the organization from lending to countries that cannot repay the loan. The IMF has concluded on the basis of facts and analysis that Greece cannot repay. Therefore, the IMF is unwilling to lend Greece the money with which to repay the private banks. Continue reading »
Weird things are happening in the Mediterranean Sea. Almost simultaneously three countries in the Mediterranean have closed their airspace and territories for aircraft departing from Libya. The exceptions are very few and involve the transport of military and evacuees. At the same time, three NATO exercises are taking place but the airspace closure and directly little to do with that.
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Fearing a “forced” evacuation, dozens of migrants have left the refugee camp at Idomeni on the Greek-Macedonian border and are reportedly hiding in the surrounding region. It is perhaps no surprise they are fleeing as KeepTalkingGreece reports,ten riot police squads left Athens this morning and are expected to take position at the camp to aid in what officials call “a friendly evacuation.” Other police forces from Northern Greece will be deployed in the area for “as long as it takes” to remove the 8,500 men, women, and children.
According to Greek media, the evacuation of the camp is scheduled to be launched at 6 a.m. on Tuesday and conclude after a week to ten days. Spokesman of Migration Coordination Body, Giorgos Kyritsis said Monday morning that operation may start “Tuesday or Wednesday.” Continue reading »
Greece remains in an economic depression interrupted by a few quarters of anemic growth.
Hiking taxes in a depression is one of the stupidest things one can do, but Greece is set for another vote to do just that.
Prime ministeris once again prepared to kiss German Chancellor Angela Merkel’s behind, and his party will likely go along for the ride.
The wildcard IMF has yet to chime in on the economic stupidity of this hike.
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Thousands of newly arrived migrants, the vast majority of whom are men, crowd the platforms at Vienna West Railway Station on August 15, 2015 — a common scene in the summer and fall of 2015. (Image source: Bwag/Wikimedia Commons)
- “It can be expected that, as soon as Turkish citizens will obtain visa-free entry to the EU, foreign nationals will start trying to obtain Turkish passports … or use the identities of Turkish citizens, or to obtain by fraud the Turkish citizenship. This possibility may attract not only irregular migrants, but also criminals or terrorists.” — Leaked European Commission report, quoted in the Telegraph, May 17, 2016.
- According to the Telegraph, the EU report adds that as a result of the deal, the Turkish mafia, which traffics vast volumes of drugs, sex slaves, illegal firearms and refugees into Europe, may undergo “direct territorial expansion towards the EU.”
- “If they make the wrong decision, we will send the refugees.” — Burhan Kuzu, senior adviser to Turkish President Recep Tayyip Erdogan.
- Erdogan is now demanding that the EU immediately hand over three billion euros ($3.4 billion) so that Turkish authorities can spend it as they see fit. The EU insists that the funds be transferred through international aid agencies in accordance with strict rules on how the aid can be spent. This prompted Erdogan to accuse the EU of “mocking the dignity” of the Turkish nation.
The EU-Turkey migrant deal, designed to halt the flow of migrants from Turkey to Greece, is falling apart just two months after it was reached. European officials are now looking for a back-up plan. Continue reading »
It’s showdown time.
The IMF has threatened it will pull out of the Greek bailout program unless Greece gets debt relief.
German Chancellor Angela Merkel, Austria, Finland, and the other Eurozone creditors will not like today’s development one bit.
Showdown! Continue reading »
I simply cannot stress enough how important Greece is to freedom, liberty and civilization across the globe. Greece is not a one-off, or merely a small nation in big trouble that holds little relevance for the rest of us. Greece is everything.
What is happening to Greece follows the exact same game plan of what will eventually happen to every other supposedly sovereign nation. First there is an explosion of debt. Then a crisis. Then a bailout. Then creditor imposed hardship is forced upon the average population, in conjunction with unlimited bailouts for the bankers and other oligarch criminals.
Finally, when a public which mistakenly believes it is living in a democracy exercises its right to national sovereignty, the sad truth is exposed. They are not a people living under a free political system.
– From last year’s post: This is Sparta – 1,000 Bitcoin ATMs are Coming to Greece
A recent German study just confirmed what tens of millions of Greeks already knew. That they are a people fully conquered by criminal mega banks and the corrupt politicians and technocrats in their employ.
Get ready for another epic screw job this summer.
Apr 26, 2016
Several refugees were injured after riots broke out at Moria refugee centre on Lesbos island, Tuesday, with refugees setting rubbish cans on fire and throwing stones at police, who in turn responded with tear gas. Reports from inside the centre state that the violence was sparked by authorities striking a minor.
The unrest started in a section of the camp where mostly minors are kept before spreading across the entire space. Columns of black smoke could be seen rising from the camp, prompting a deployment of the fire brigade.
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To some gold may not be “money”, but to a group of Greeks it was worth far more than merely pet rocks.
According to Ekathimerini, customs officials at the Greek-Turkish border crossing of Kipoi have confiscated the largest amount of gold that anyone has ever attempted to smuggle out of the country.
The loot was found hidden in a taxi and consisted of 18 bars of unrefined gold, weighing 33.5 kilos, along with four crosses made of oure gold (11.6 grams). The gold was found last Friday during a police check on cars planing to cross the border.
The suspects hid seven gold bars and the four crosses in the car’s passenger armrest while the other 11 bars were concealed in their luggage. Continue reading »
Varoufakis said that Schäuble, Germany’s finance minister and the architect of the deals Greece signed in 2010 and 2012, was “consistent throughout”. “His view was ‘I’m not discussing the program – this was accepted by the previous [Greek] government and we can’t possibly allow an election to change anything.
“So at that point I said ‘Well perhaps we should simply not hold elections anymore for indebted countries’, and there was no answer. The only interpretation I can give [of their view] is, ‘Yes, that would be a good idea, but it would be difficult. So you either sign on the dotted line or you are out.’”
– From last year’s post: Everything You Need to Know About the Greek Crisis and ECB Fascism in Two Paragraphs
By now, most of you have heard about Wikileaks’ release of internal deliberations between the top two IMF officials in charge of managing the Greek debt crisis – Poul Thomsen, the head of the IMF’s European Department, and Delia Velkouleskou, the IMF Mission Chief for Greece. Continue reading »
Today’s Wikileaks disclosure, in which two IMF officials hinted that the IMF may use a “credit event as a means to pressurize(sic) Greece” as it has been subsequently put by Greek officials, has elicited another round of widespread anger in Athens and could jeopardize the upcoming Greek debt negotiations.
The anger has been made more acute because Greece previously accused Poul Thomsen, one of the IMF staffers caught on the leak, of effectively sabotaging talks in the past when the IMF refused to compromise on Greek pension cuts after the government proposed alternatives with an equivalent fiscal impact.
As such, hoping to ride on the latest wave of populist anger, it was only a matter of time before the country’s prime minister Alexis Tsipras officially responded to the IMF. Continue reading »
Greek politicians wasted no time in seeking a response from the IMF over the leaked transcript released earlier today by Wikileaks suggesting the IMF may threaten to pull out of the country’s bailout as a tactic to force European lenders to more offer debt relief, and which according to the Greek government was “interpreted as revealing an IMF effort to blackmail Athens with a possible credit event to force it to give in on pension cuts which it has rejected.”
What about 9/11?
“I’m constantly annoyed that people are distracted by false conspiracies such as 9/11, when all around we provide evidence of real conspiracies, for war or mass financial fraud.”
What about the Bilderberg conference?
“That is vaguely conspiratorial, in a networking sense. We have published their meeting notes.”
Source: The Belfast Telegraph
One of the recurring concerns involving Europe’s seemingly perpetual economic, financial and social crises, is that these have been largely predetermined, “scripted” and deliberate acts.
This is something the former head of the Bank of England admitted one month ago when Mervyn King said that Europe’s economic depression “is the result of “deliberate” policy choices made by EU elites. It is also what AIG Banque strategist Bernard Connolly said back in 2008 when laying out “What Europe Wants”
To use global issues as excuses to extend its power: Continue reading »
Over the course of documenting the ECB’s push to phase out the €500 note, we stumbled upon something rather interesting that’s taking place at Greek banks.
Courtesy of a reader, we learned that Piraeus Bank (among others) has begun charging a fee to exchange large denomination bills for small. The charge is listed as 0.15% by the bank and Kathimerini would later report that across the Greek banking sector “exchanging one 500-euro note for smaller bills, [will cost you] 3-5 euros (depending on the bank), while the maximum charge comes to 200-250 euros regardless of the amount a customer wishes to exchange.” Continue reading »
Earlier this month, a reader noticed something rather disturbing. Piraeus Bank seemed to have added a new line item in one of its reports and that new line item appeared to suggest that the bank was set to charge customers for exchanging €500 notes for smaller bills. Sure enough, two weeks later, our suspicions are confirmed.…
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05/03/2016 – IDOMENI, Greece – Migrants Block Rail Tracks to Protest Border Closure
Hundreds of Migrants have blocked the railway tracks and have made all traffic come to a standstill. The large crowd blocked the path of a freight train going from Greece to Macedonia. Among the protesters were No Borders activists who encouraged migrants to chant “open the border”. An estimated 11,000 migrants wait at the border to get though according to N-TV — although some estimates not put the figure as high as 30,000.
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EUROPE’S migrant crisis spiralled out of control yesterday as refugees used a battering ram to try to cross a border.
Hundreds used a giant steel pole to crash through a wire fence in a desperate attempt to get into Macedonia. Continue reading »
FINLAND has become the latest country to warn of mass increases in the migration crisis with officials saying asylum applications will rise six-fold this year.
It comes after Hungary prime minister Viktor Orban described the European Union’s response to the crisis as “absurd” saying it was making no effort to thwart the influx.The Hungarian leader has authorised the building of an enormous 280-mile long razor wire fence to protect the state from increasing numbers of migrants. Continue reading »
For Greece, Europe’s worsening refugee crisis amounts to an “insult to injury” scenario.
Just six months after Angela Merkel and the Brussels cabal put Athens through round after round of “mental waterboarding” on the way to granting the country a third bailout and preventing Greece from marking a messy exit from the common currency, Alexis Tsipras now finds himself on the front lines of a mass Mid-East migration to Western Europe.
To be sure, it’s not as though those who are (figuratively and literally) washing up on Greece’s shores are keen on settling in the socialist paradise that at times last summer took on the trappings of a Third World country. Rather, Greece is a transit point for those fleeing war to Europe and Athens obviously has limited resources with which to work when it comes to controlling the situation. Greece has been Continue reading »
Former elite puppet finance minister …
And as I’ve said many, many times: This is the Greatest Depression.
Greece’s financial crisis, unprecedented in scope, reached a pivotal moment last summer when the Greek people voted overwhelmingly against further austerity programs — ostensibly imposed to help the country pay back enormous debt. Overseeing the matter was Syriza Party Finance Minister Yanis Varoufakis — a staunch opponent of the crippling austerity measures that had effected a stranglehold on the country’s economy.
Greece’s debt to the so-called Troika — the International Monetary Fund, European Commission, and European Central Bank — turned out not to be the true reason for the proposed austerity. As Varoufakis discovered, the Troika actually, if somewhat covertly, intended to decimate Greek organized labor and the country’s modest social safety net. After the Greek populace stunned the world with its ‘no’ vote, Varoufakis sensed the coming accession by Syriza to implement the plans — and he hastily and quietly resigned his post. Continue reading »
On Friday, we got confirmation of what everyone already knew: the Greek economy is still mired in recession. GDP contracted 0.6% in Q4 after shrinking 1.4% in Q3.
We also found out that Greek farmers have most assuredly not calmed down since they parked their tractors in the middle of the street blocking traffic late last month.
Why are the farmers mad, you ask? Well, they’re not particularly enamored with the idea of having their social security contributions tripled and their income tax doubled as part of PM Alexis Tsipras’ push to satisfy creditors in Brussels who, six months after the country’s third bailout program was agreed, aren’t satisfied with the pace of fiscal consolidation. Continue reading »
“We’re surprised that the Europeans should say we should open the borders to Syrians from Aleppo when we’ve been doing that for five years. It is all unfolding, another tsunami. How are we going to cope?”
We, Nikos Anastasiades, President of the Republic of Cyprus, Benjamin Netanyahu, Prime Minister of the State of Israel, and Alexis Tsipras, Prime Minister of the Hellenic Republic, having met in Nicosia today, 28th January 2016, have agreed to strengthen the cooperation between our three countries in order to promote a trilateral partnership in different fields of common interest and to work together towards promoting peace, stability, security and prosperity in the Mediterranean and the wider region.
In light of the underlying challenges and opportunities, and given the fluid and unstable situation in the region, our three countries, which share common democratic values, principles, and interests, have, to this end, agreed on the importance for closer cooperation and a coordinated set of policies. Continue reading »
Germany, Austria, Belgium, Sweden and Denmark will warn today that Greece has six weeks to stop migrants crossing from Turkey or it will be “quarantined” outside the European Union’s borderless Schengen area.
A meeting of European interior ministers will discuss plans for Greece to be sealed off for two years behind a new EU external border in the Balkans. Continue reading »
If one had asked any Greek exactly one year ago, that the full of promises SYRIZA party would come to power to finish off the crisis-stricken Greek economy and drain his personal wealth, with his blessing, he would have called them a lunatic.
Yet, a year later, the SYRIZA-ANEL coalition has legislated measures and reforms that would have made even the most strict neoliberal wince. Pension cuts, tax hikes, taxation of nonexistent incomes, monitoring personal wealth, capital controls, privatizing state properties, home auctions, raising retirement age, are some of the measures and reforms that the self-proclaimed leftist ruling party is forcing on the shoulders of Greek people. Continue reading »