EU, IMF Manufactured Greek Debt Crisis Through Accounting. “We had the role of a rubber stamp...” - a former board member of Greece’s national statistical authority has revealed that she and other members were forced to sign off on falsified deficit and debt figures that plunged their country into an ongoing economic depression.
Greece’s Statistics agency employees walk past the logo of the agency in Piraeus, near Athens. Serious errors in Greek deficit data, revealed last year, helped trigger the European government debt crisis rattled world markets and confidence in the euro. (AP/Petros Giannakouris) Yanis Varoufakis defends secret plan for parallel Greek payment system - live updates.
Yanis Varoufakis has just released a statement defending his work creating a parallel payment system during his time as finance minister.
Greece Approves 'Terms of Surrender' to Austerity. By Deirdre Fulton | Common Dreams Greek Prime Minister Alexis Tsipras delivers his speech to Parliament in Athens on July 16.
After a lengthy and tense debate that stretched into the early hours of Thursday morning, the 300-member Greek Parliament voted by a majority of 229-64 to pass what former finance minister Yanis Varoufakis—one of those to vote “No”—is calling the “Terms of Greece’s Surrender” to European creditors. The €86 billion bailout comes at a high political and social cost, forcing the imposition of harsh austerity measures and economic reforms tougher than those rejected by more than 60 percent of Greek voters in a July 5 referendum. Grexit or Jubilee? How Greek Debt Can Be Annulled. - Advertisement - Where democracy was born and died by dw.com The crushing Greek debt could be canceled the way it was made -- by sleight of hand.
But saving the Greek people and their economy is evidently not in the game plan of the Eurocrats. Greece's creditors have finally brought the country to its knees, forcing President Alexis Tsipras to agree to austerity and privatization measures more severe than those overwhelmingly rejected by popular vote a week earlier. Schrödinger's Cat Is Dead. It Starts: Greeks Rebel Against Bailout, Risk Collapse. Greece’s union of civil servants, Adedly, called for a 24-hour strike on Wednesday, and for a series of demonstrations, the first one tonight at Syntagma Square, just below the Parliament, and another one on Wednesday evening, when Parliament is expected to vote on the new, even tougher, and immensely hated bailout package.
The union for local government employees, Poe-Ota, also called for a 24-hour strike on Wednesday, the AFP reported. Two other demonstrations against austerity and the “euro” are planned for Monday night, one organized via social networks, the other by Antarsya, an anti-euro party that didn’t make it into Parliament. It would be the first strike against the leftwing Syriza coalition since it came to power six months ago. An ironic plot twist in this tragedy.
Solving the Greek Problem. - Advertisement - Euros(image by Images_of_Money) License DMCA On July 5, 2015, the Greek voters decided "NO" in a referendum on lenders' demands for further austerity in exchange for bailout accommodations.
'Austerity Has Won': Greece Submits to Divisive Reforms. European Council president Donald Tusk made the announcement of what he referred to as an “agreekment” early Monday morning following a 17-hour round of negotiations in Brussels.
The deal was immediately blasted as a “humiliating” surrender of national sovereignty. An editorial on the Iskra website, which reflects the views of anti-austerity Syriza hardliners, charges that the agreement reestablishes and extends the guardianship of the Troika and solidifies “social enslavement.” Greece — The One Biggest Lie You Are Being Told By The Media. First published in July 2015 By Truth and Satire Every single mainstream media has the following narrative for the economic crisis in Greece: the government spent too much money and went broke; the generous banks gave them money, but Greece still can’t pay the bills because it mismanaged the money that was given.
It sounds quite reasonable, right? Except that it is a big fat lie … not only about Greece, but about other European countries such as Spain, Portugal, Italy and Ireland who are all experiencing various degrees of austerity. It was also the same big, fat lie that was used by banks and corporations to exploit many Latin American, Asian and African countries for many decades.
Greece did not fail on its own. In summary, the banks wrecked the Greek government, and then deliberately pushed it into unsustainable debt … while revenue-generating public assets were sold off to oligarchs and international corporations. Now, let’s map the mafia story to international finance in four stages. What Stinks about Varoufakis and the Whole Greek Mess? Something stinks very bad about Greek Finance Minister Yanis Varoufakis and the entire Greek mess that has been playing out since the election victory of the nominally pro-Greek Syriza Party in January.
I am coming to the reluctant conclusion that far from being the champion of the hapless Greek people, Varoufakis is part of a far larger and very dirty game. The brilliant psychologist Eric Berne, author of the seminal book Games People Play, would likely call the game of Varoufakis and the Troika, “Rapo,” as in the rape of the Greek people and, ultimately of all the EU, Germany included. How do I come to this surprising conclusion? What we have witnessed since is what can only be called a clown show, one in which the laugh is on the Greek people and EU citizens as a whole. The ones laughing, as often is so, are the mega banks and Troika–ECB, IMF and EU. Suspicious friends. The Latest: IMF: Ready to Work With Greek Govt Again. Exclusive: Greece’s Varoufakis Set To Blow Whistle On Germany’s Worrying Plan For Europe. Greek Ex-Finance Minister Owns German Politician On Solution To Eurozone Crisis.
Growth vs Austerity?
It's a no-brainer for a logical guy like Varoufakis It’s been a crazy few days for Greece, with the people’s decision to reject further bailouts and austerity measures making history last Sunday (full story here). The hero of the hour is Greece‘s ex-finance minister Yanis Yanoufakis, who was forced to resign after winning the referendum result he had been fighting for these past few months. His reason? Shady, un-named international creditors refuse to negotiate with Greek Prime Minister Tsipras further unless Yanoufakis leaves the party. In this RT video clip from a press conference last month, Yanoufakis shows why the people respect him so much. THIS is why no country’s citizens should accept bailout money without seriously considering the consequences. “We are Europeans, we should have an alliance based on logic: looking after your taxpayers, looking after my taxpayers. There is very little to argue with there. Image: Jörg Rüger – Own work. Page 2 of Article: Greece And The EU Situation.
- Advertisement - Reprinted from Paul Craig Roberts Website I doubt that there will be a Greek exit. Harmonization vs. Centralization: How the Euro Failed Greece. Credit: lorenzog. / Foter / CC BY-NC-NDWhen the Euro was introduced, it was pitched as a tool of cross-border harmonization. No longer would EU member states and their citizens have to juggle competing currencies. With the euro in place, money could move more easily across borders, and so, in theory could, goods and services; it was a vehicle for making trade simpler, and reducing the barriers to labor mobility that had arisen from the patchwork of individual currencies across the continent.
It was a way toward more Europe, not less. But with Greece’s overwhelming “no” vote on this weekend’s referendum, it seems that may no longer be the case. The vote was a rejection of the EU’s bailout terms, and a victory for—well, it’s not entirely clear yet. At the root of all this is that the euro was ultimately a tool not of harmonization, but of centralization. Greece's creditors, meanwhile, were given false confidence that made agreeing to the loans easier. Greece — The One Biggest Lie You Are Being Told By The Media. Showdown in Athens. Reprinted from Counterpunch Greek finance minister for Syriza party Yanis Vvaroufakis. Putin Orders Special Forces To Protect Greek Leaders Life “At All Costs” World's Largest English Language News Service with Over 500 Articles Updated Daily "The News You Need Today…For The World You’ll Live In Tomorrow. " What You Aren’t Being Told About The World You Live In Picking up the Pieces: Practical Guide for Surviving Economic Crashes, Internal Unrest and Military SuppressionBy: Sorcha Faal “In the span of less than 3 months gasoline prices will rise 500%.
The prices of both food and shelter rise over 300%. (Continued) Partisans Handbook: By: Sorcha Faal “Essential Survival Guide For Resisting Foreign Military Occupation, Escape And Evasion Techniques, Surviving Interrogation, Facing Execution, Wilderness Survival (Continued) The Great Refusal: An Historical Guide To Christian Suicide: By: Sorcha Faal is a MUST book for anyone who has contemplated suicide, tried suicide or has had someone they know commit suicide.
January 31, 2015 Putin Orders Special Forces To Protect Greek Leaders Life “At All Costs” January 31, 2015 © EU and US all rights reserved.