‘EU wanted to get rid of Greek leftist government. They failed’
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Tag: greece
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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Greece’s New Money: Many, Not One?
It was easy to predict the eventual collapse of the one-currency-fits-all euro:indeed, many analysts explained why it was doomed before it was adopted as an integral part of the European Project, which broadly speaking calls for complete integration of the…
Greek debt crisis: Yanis Varoufakis resigns after being forced out by EU chiefs
‘Yanis Varoufakis has announced he is standing down despite Greece’s No vote in the referendum on proposed austerity measures. In a blog post entitled “Minister No More”, published on Monday morning, the Greek finance minister said he was standing down because of pressure from Greece’s European partners.’ Read more: Greek debt crisis: Yanis Varoufakis resigns after […]
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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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Scare-mongering Greeks to Vote ‘Yes’ Today. The Threat of Bail-in ‘Haircuts’ on Bank Deposits
‘Troika supporters are going all-out to scare Greeks to accept what most harms them – endless austerity until the entire population (except its elites) is forced into impoverished indentured servitude under Western bankster rules. The latest 11th hour rumor claims “Greek banks prepare plan to raid deposits to avert collapse,” according to the Financial Times. […]
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Polls open in crucial Greece referendum
‘Greeks begin going to the polls in a crucial referendum that could determine the future of their country and, potentially, that of the single-currency bloc eurozone. Almost 9.9 million Greeks are eligible to take part in the poll to decide whether or not the government in Athens should accept or reject the proposed bailout terms. […]
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Martin Armstrong: Troika Is Maneuvering To Rig The Greek Referendum
‘In a TV interview, Mr. Varoufakis said very clearly, “This is a very dark moment for Europe. They have closed our banks for the sole purpose of blackmailing what? Getting a ‘Yes’ vote on a non-sustainable solution that would be bad for Europe.” I must admit, most politicians do not come even close to the […]
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Food collapse unfolding in Greece: Grocery store shelves to be stripped bare… supermarkets raided… home gardens now the new ‘secret weapon’ against starvation
‘Over the years, I’ve consistently and repeatedly urged people to grow their own food, and I’ve explained over and over again why you need a home-grown self-reliant food supply when the food collapse arrives. That moment has now arrived for the citizens of Greece. With cash disappearing, grocery store shelves are on the verge of […]
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EU Parliament President Tells Greece:Time For Another Puppet Government
‘European Parliament president Martin Schulz said his faith in the Greek government had reached “rock bottom,” and, as AFP reports, that he hopes it resigns after Sunday’s referendum. Luckily, he has an idea for a solution… the time between the departure of Tsipras’ hard-left Syriza party and new elections would have to “be bridged with […]
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‘Heartbreaking’ Scene Unfolds At Greek Banks As Pensioners Clamor For Cash
‘1,000 Greek bank branches chanced a stampede in order to open their doors to the country’s retirees on Wednesday. The scene was somewhat chaotic as pensioners formed long lines and the country’s elderly attempted to squeeze through the doors in order to access pension payments. As Bloomberg reports, payouts were rationed and disbursals were limited […]
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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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Greece, Democracy and Magical Thinking
What is representative democracy but organized bribery on a mass scale? Politicians seeking control of the spigots of state wealth and power promise endless swag to voters. Those who promise the most swag and do so with the most inspirational Soaring…
Greece Shows Importance of Gold as Europeans Buy Coins and Bars
Greece Shows Importance of Gold as Europeans Buy Coins and Bars – Demand for physical gold from Europeans surges – Greek ATMs limit withdrawals to €60 per day – Greeks panic buy food, fuel and medicine – European elites threaten…