‘Eurozone finance ministers have rejected a request by Greece to extend its bailout program past the June 30 deadline. Sources told AFP that the European Union ministers “rejected an extension of the aid program” at a Saturday meeting in Brussels, just hours after the Greek side rejected the creditors’ latest offer and instead called for […]
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‘We’ve long said that negotiations between Greece and its creditors are more a matter of politics than they are a matter of economics or finance. From the troika’s perspective, breaking Greece and forcing PM Alexis Tsipras to concede to pension cuts and a VAT hike is paramount, and not necessarily because anyone believes these measures […]
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The theme this week is collapse. It’s a big, complex topic because there are as many types of collapse as there are systems. Some systems appear stable on the surface but collapse suddenly; others visibly decay for decades before finally…
‘Forcing Greece to compromise on its deficit ahead of crunch talks to keep them in the European Union has been like delivering a baby with forceps, a senior official admitted today. Greece has offered new proposals offered to European leaders ahead of an emergency summit in Brussels, suggesting a deal to end the country’s debt […]
The post Getting Greece to budge on bailout is like giving birth with forceps, warns top EU official – but are European leaders about to hand over another £13BILLION to bail them out again? appeared first on David Icke.
‘The European Central Bank (ECB) intervened again Friday to prop up Greece’s banks, as savers, fearing their imminent collapse, withdrew record amounts of deposits. Following the collapse of talks between Greece and its creditors—the European Union (EU), the ECB and the International Monetary Fund (IMF)—over the terms of a further spending cuts programme, billions of […]
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‘When the money dries up, it’s “Game Over.” And that’s what Greece is facing now that bank runs are accelerating rapidly! Consumer and business depositors have reportedly yanked 1.85 billion euros from the Greek banking system in just the last two days. That’s more than 115 million euros PER HOUR, assuming two eight-business-hour days. More […]
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‘Last week, Greek PM Alexis Tsipras submitted two three-page proposals that were ostensibly designed to close the gap with creditors. EU officials were incredulous, calling the drafts “not serious.” Tsipras had effectively resubmitted Greece’s previous […]
‘Syriza, the new Greek government that intended to rescue Greece from austerity, has come a cropper. The government relied on the good will of its EU “partners,” only to find that its “partners” had no […]
‘The International Monetary Fund (IMF) has “torpedoed” a recent bailout deal proposed by the European Commission to Greece which was made in an attempt to avoid a potential default by the cash-strapped country, a report […]
Greece Government Favours Drachma – Vows Will Not “Bow to Blackmail” – Merkel, Hollande, Juncker, Lagarde and Draghi in “emergency” meeting re Greece – Bankrupt Greece must find €1.6 billion to pay IMF in June – First instalment of €300…
‘Greece will not agree to more austerity measures as the debt-ridden country negotiates a deal with its international creditors, Greek Finance Minister Yanis Varoufakis said Monday. In 2011, Athens and the European Commission signed a […]
‘Greek hospitals have run out of supplies such as painkillers, scissors and sheets as swingeing budget cuts have left the health service unable to provide even basic provisions for operations and medical procedures. Huge cuts […]
‘Hundreds of thousands of Greek citizens are appealing for humanitarian assistance from the international community as the country’s economic condition plunges further into the abyss. As reported by Zero Hedge, citing statistics compiled by Keep […]
‘Do you remember what happened when Cyprus decided to defy the EU? In the end, the entire banking system of the nation collapsed and money was confiscated from private bank accounts. Well, the nation of […]