‘Austerity feeds recession, both are creating a vicious circle’ – Greek deputy interior minister
The post ‘Austerity feeds recession, both are creating a vicious circle’ – Greek deputy interior minister appeared first on David Icke.
Tag: ecb
IMF stuns Europe with call for massive Greek debt relief
‘The International Monetary Fund has set off a political earthquake in Europe, warning that Greece may need a full moratorium on debt payments for 30 years and perhaps even long-term subsidies to claw its way out of depression. “The dramatic deterioration in debt sustainability points to the need for debt relief on a scale that […]
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IMF stuns Europe with call for massive Greek debt relief
‘The International Monetary Fund has set off a political earthquake in Europe, warning that Greece may need a full moratorium on debt payments for 30 years and perhaps even long-term subsidies to claw its way out of depression. “The dramatic deterioration in debt sustainability points to the need for debt relief on a scale that […]
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Grexit or Jubilee? How Greek Debt Could Be Annulled
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…
Grexit or Jubilee? How Greek Debt Could Be Annulled
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…
Tsipras Betrays Referendum, Sells Out to the Banks
‘Greek Prime Minister Alexis Tsipras has proposed eleventh hour concessions to European central banks despite the overwhelming rejection of an austerity deal by the Greek people. He told Syriza lawmakers they must back reforms and keep the country in the euro. “We are confronted with crucial decisions,” he said during a party meeting, according to […]
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Tsipras Betrays Referendum, Sells Out to the Banks
‘Greek Prime Minister Alexis Tsipras has proposed eleventh hour concessions to European central banks despite the overwhelming rejection of an austerity deal by the Greek people. He told Syriza lawmakers they must back reforms and keep the country in the euro. “We are confronted with crucial decisions,” he said during a party meeting, according to […]
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Greece debt crisis: Athens accepts harsh austerity as bailout deal nears
‘The Greek government capitulated on Thursday to demands from its creditors for severe austerity measures in return for a modest debt write-off, raising hopes that a rescue deal could be signed at an emergency meeting of EU leaders on Sunday. Athens has put forward a 13-page document detailing reforms and public spending cuts worth €13bn […]
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“Guerrilla Warfare Against a Hegemonic Power”: The Challenge and Promise of Greece
Banks create money when they make loans. Greece could restore the liquidity desperately needed by its banks and its economy by nationalizing the banks and issuing digital loans backed by government guarantees to its ailing businesses. Greece could provide an…
Greece, the IMF and Goldman Sachs
‘Greeks massively voted NO to austerity. Now what? No one can really tell what will come out of the upcoming negotiations with the Troika (International Monetary Fund, European Commission, European Central Bank). Meanwhile Austrians are signing a petition to leave the European Union and Greek’s Finance Minister, Yanis Varoufakis, has resigned. RT reports: “One of […]
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Defying Troika, Greece Chooses ‘Democracy Over Fear’ With ‘No’ Vote on Austerity
‘News outlets are officially reporting that the ‘No’ side has won a decisive victory in Greece, rejecting a bailout offer from foreign creditors that would have imposed further austerity and economic hardship. Reuters reports that government officials “immediately said they would try to restart talks with European partners,” perhaps as soon as Sunday night. ‘”The […]
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Greece crisis: Referendum exposes a gaping hole at the heart of the European Union – its lack of genuine legitimacy
‘And now for Greece’s moment of truth. Or not, as the case may be. The effectively bankrupt country, its economy paralysed and its banks set to run out of cash on Monday, goes to the vote in a referendum that may determine its continuing membership of the euro, as well as the fate of Prime […]
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Greek prime minister refuses to call off bailout referendum and accuses Europe of attempting to ‘blackmail’ the country into accepting terms in TV address
‘Greek Prime Minister Alexis Tsipras has vowed to press ahead with his plan to put austerity measures to voters after European creditors rebuffed its latest proposal for a new aid program. But finance ministers were still discussing the country’s situation and nothing seemed set in stone. Many European officials had ruled out any deal with […]
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Anger Aimed at Troika’s Ruthless Neoliberalism as Greece Exit Looms
‘President of the European Commission Jean-Claude Juncker delivered a speech in Brussels on Monday that observers say has dramatically escalated the tensions surrounding a referendum vote in Greece next Sunday—a vote that could ultimately result in the country’s exit from the Eurozone. With global financial markets responding to Sunday’s announcement that Greece’s banks and stock […]
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Anger Aimed at Troika’s Ruthless Neoliberalism as Greece Exit Looms
‘President of the European Commission Jean-Claude Juncker delivered a speech in Brussels on Monday that observers say has dramatically escalated the tensions surrounding a referendum vote in Greece next Sunday—a vote that could ultimately result in the country’s exit from the Eurozone. With global financial markets responding to Sunday’s announcement that Greece’s banks and stock […]
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