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Outstanding VAT debts: German “Hochtief” owes €600m to Greek FinMin. Tagged: Athens airport, court, debts, decision, Eleftherios Venizelos, German company, Greece, Hochtief, outstanding, social security funds, tax office, VAT Posted by keeptalkinggreece in Economy An Athens court confirmed Greek government’s tax claims from the giant German constructor Hochtief.

Outstanding VAT debts: German “Hochtief” owes €600m to Greek FinMin

Greek Economy Faces Total Collapse As Doctors Flee, Retail Sales Plunge 70% Back in May we outlined the cost to the Greek economy of each day without a deal between Athens and creditors.

Greek Economy Faces Total Collapse As Doctors Flee, Retail Sales Plunge 70%

At the time, a report from the Hellenic Confederation of Commerce and Enterprises showed that 60 businesses closed and 613 jobs were lost for each business day that the crisis persisted without a resolution. Since then, things have deteriorated further and indeed, with the imposition of capital controls, businesses found that supplier credit was difficult to come by, leading to the very real possibility that Greece would soon face a shortage of imported goods, something many Greeks clearly anticipated in the wake of the referendum call as evidenced by the lines at gas stations and empty shelves at grocery stores. As a reminder, here’s what WSJ said earlier this month: Wholesalers can’t pay for supplies. Importers’ foreign counterparts won’t trade. Europese schulden stijgen met ruim 250 miljard euro. Ondanks de bezuinigingen is de totale schuld van alle eurolanden het afgelopen jaar opnieuw gestegen, naar 9,4 biljoen euro.

Europese schulden stijgen met ruim 250 miljard euro

Decoding the IMF: Greek deal doomed, exit likely. It’s easy to get drawn in to the detail.

Decoding the IMF: Greek deal doomed, exit likely

I spent some of yesterday in the hot corridors of the Greek parliament where the various factions and groupings within Syriza, the radical left party, were working out their postures on today’s vote. No to the rescue deal, says the left. Abstain, say others. Vote yes while declaring it’s been done at gunpoint, says Alexis Tsipras in a live TV interview. Ian Fleming sur Twitter : "This is what #Europe looks like. It's a map of all the protests in solidarity with Greece this week #OXI.

Ian Fleming sur Twitter : "AND THERE IT IS! "Eurozone countries must hand over more #sovereignty: report" #Greece #Euro. Eurozone countries must hand over more sovereignty: report. ‘It is inevitable that European countries will have to hand over more sovereignty to guarantee the stability of the eurozone,’ the Volkskrant quotes the ‘five presidents’ of Europe as saying in a new joint report.

Eurozone countries must hand over more sovereignty: report

The euro crisis shows that voluntary agreements are not enough to prevent situations such as that involving Greece, say the five, who include Dutch finance minister Jeroen Dijsselbloem. Dijsselbloem is chairman of the influential Eurogroup and has a leading role in efforts to prevent Greece leaving the eurozone. The other signatories are Commission chairman Jean-Claude Juncker, EU president Donald Tusk, European central bank chief Mario Draghi and European parliament chairman Martin Schulz. How Many Presidents Does It Take To "Complete" The European Monetary Union? Griekse centrale bank: EU-lidmaatschap staat op spel. Enquête: Europeanen in toenemende mate eurosceptisch. Euro plummets to seven-year low as Greece blinks in debt negotiations. Failed Discipline, Failed Reforms and Grexit: Why the Euro Failed. There is no substitute for the discipline of a market that cannot be manipulated by political elites.

Failed Discipline, Failed Reforms and Grexit: Why the Euro Failed

It's not that difficult to understand why the euro is doomed to fail. Given its structure, there is no other possible outcome but failure. Greece's exit (Grexit) will simply be the first manifestation of the inevitable structural failure of the euro. To understand why this is so, we have to start with two forms of discipline: the market and the state. The market disciplines its participants by discovering the price of not just goods and services but of currencies and the potential risks generated by fiscal and trade imbalances. Ory sur Twitter : ""#Russia 'cannot be allowed to redraw the map of #Europe" #US VP Joe #Biden - Where to start? WWII reparations – Greece's other dispute with Germany. WWII reparations – Greece's other dispute with Germany As Berlin and Athens lock horns over debt relief, Greece’s claim that Germany has never compensated it for all the damage wrought by the Nazis during World War II is again straining ties.

WWII reparations – Greece's other dispute with Germany

Greece's new Prime Minister Alexis Tsipras, whose radical left party swept to power last month promising to reverse spending cuts imposed under the indebted country’s rescue package, has vowed to tackle the long-simmering dispute. But he is likely to run up against a firm "no" from Europe's biggest economy, which argues that Berlin does not owe it a cent and that the historic issue has long been closed. "Nearly 70 years after the end of World War II, the question of reparations has lost legitimacy", a German finance ministry spokesman said recently.

Haunted by its Nazi past, Germany prides itself on its efforts to come to terms with its history. The Nazi regime ended up bleeding Greece dry. Ireland 'will insist on similar deal' if any secured by Greece. Ireland will insist that any new or better deal secured by Greece will also apply to Ireland, Minister for Agriculture Simon Coveney has said.

Ireland 'will insist on similar deal' if any secured by Greece

Greek prime minister Alexis Tsipras yesterday ruled out requesting an extension of the Greek bailout when meeting his European counterparts at a summit in Brussels this week. Rather than an extension of the bailout when it expires on February 28th, Mr Tsipras reiterated his demand for a bridge programme to tide the country over until June, when a more long-standing loan arrangement can be established. He expressed confidence that agreement could be reached between Greece and its international lenders. Mr Coveney said the same rules must apply to Greece as to all other European Union countries. “What we would encourage Greece to do is exactly what Ireland has done.

“Ireland and other European countries will be looking for ways in which we can help Greece do that. Syriza's Service for Empire - Unless There's a Syriza Surprise! - Fort Russ. Greece and Syriza: Not What it Seems - Joaquin. Tohub sur Twitter : "Фотоальбом: "Дети Горловки" 21.01.15 дети войны. 01 19 15 - FINANCIAL REPRESSION AUTHORITY - w/Steve Keen. De listen van Mario Draghi. Teulings over euro 'dubbel fout' 04 29 14 - Macro Analytics - EU Financial Repression - w/ John Rubino.

New find challenges ‘simple’ Australian artefacts assumption. PURPOSLEY sharpened or ‘retouched’ stone axes evolved in Australia thousands of years before they appeared in Europe according to researchers studying the south-east Asian archaeological record.

New find challenges ‘simple’ Australian artefacts assumption

They found 30,000-year-old flakes from ground-edged axes at a site near Windjana Gorge in the central Kimberley. In a recent paper with Professor Sue O’Connor, UWA archaeologist Jane Balme says the evidence collected challenges common assumptions about paleolithic innovations. “The suggestion that all innovation has to come from the Old World is not true because clearly ground-stone axes were created here,” Prof Balme says. She notes that they were also made in Japan at a slightly later date, by people who would have had no contact with either Australian Aborigines or people in Africa and Europe. Prof Balme says retouched axes are just one example of material culture developing independently in various parts of the world, as people have always evolved new technologies to meet their needs.

Diplomat wins Brexit prize for blueprint on EU withdrawal. The European Union flag.

Diplomat wins Brexit prize for blueprint on EU withdrawal

Photograph: Vadim Ghirda/AP A British diplomat responsible for promoting the UK as a "proven gateway" to the European Union for investors in the Asia-Pacific region has been awarded the €100,000 Brexit prize for outlining the most compelling blueprint for a withdrawal from the EU. Iain Mansfield, the director of trade and investment at the UK embassy in Manila, who declared that a British exit from the EU would free the City from "European interference", received his prize from the former chancellor Lord Lawson.

The award of the prize to a serving diplomat who works for UK Trade & Investment, which describes Britain's membership of the EU as one of key reasons for overseas businesses to invest in Britain, is likely to raise eyebrows. Felle kritiek op aanpak banken Dijsselbloem. Door Martin Visser Eurogroepvoorzitter Jeroen Dijsselbloem mag dan trots zijn op ’zijn’ bankenunie, de sores is nog lang niet opgelost. Europese banken zitten met een onbekende hoeveelheid verliezen die de nieuwe toezichthouder nooit allemaal op kan sporen. En dat de belastingbetalers vanaf nu uit de wind worden gehouden, is een illusie. Dat zegt professor Martin Hellwig, directeur van het Duitse Max Planck Instituut, die vandaag in Nederland is.

EUscreen - Providing online access to Europe's television heritage. Russia’s “Save Ukraine” Memorandum: Prevent the Ukraine from “Going Fascist” A memorandum titled “Save Ukraine!” Was published on February 12 in the edition of the Russian weekly Zavtra. Written by experts for the Izborsk Club, an influential intellectual group accorded prominence by President Vladimir Putin in recent months, the statement defines a “fascist and Nazi creeping coup” in Ukraine as a strategic threat to the Russian Federation. While holding the United States and the EU responsible for the regime-change project in Ukraine, the memorandum calls for summoning the USA to crisis-avoidance consultations under the 1994 Budapest Memorandum on Ukraine’s sovereignty or, if Budapest Memorandum signers Ukraine or Britain refuse such a conference, undertaking emergency Russian-American diplomacy based on the precedent of the 1962 Cuban Missile Crisis—when the world went to the brink of nuclear war.

The “Save Ukraine!”