greece Archives - Page 7 of 24 - theDrahos

After Greece Spain Comes Next – Ex-Greek Finance Minister

By David Icke Posted on August 9, 2015 Posted in Aggregated No Comments Tagged with debt, Economic Collapse, eu, greece, imf, spain

Yanis Varoufakis, Greece’s outspoken former finance minister, said the financial bailout from the country’s international creditors was really meant to drown Greece in debt to divert attention from other EU problems. Greek Finance Minister Yanis Varoufakis gives a speech during an Financial conference in Athens, on Tuesday, May 19, 2015 The reforms imposed on Athens […]

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Anger in Athens as Troika Set to Demand More Austerity Measures

By ickonic Posted on August 5, 2015 Posted in Aggregated No Comments Tagged with athens, austerity, bailouts, greece, troika

‘The Greek bailout talks are set to hit troubled waters yet again, as it emerged that its creditors – the International Monetary Fund (IMF), the European Central Bank (ECB) and the Eurozone members – are set to demand Athens passes even more austerity measures. Negotiations over the third bailout since 2010 were only started Tuesday, […]

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Greek stock exchange plummets 23% as it reopens after five-week closure

By ickonic Posted on August 3, 2015 Posted in Aggregated No Comments Tagged with bailouts, banks, corporations, debt, greece, Stock Market Crash

‘The Greek stock market dived more than 20 percent on Monday immediately after opening, with the Athex Composite down to 615.12. Piraeus Bank and the National Bank of Greece both plunged 30 percent, the maximum allowed. Banks account for about one-fifth of the main Athens index.’ Read more: Greek stock exchange plummets 23% as it reopens […]

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Greek ex-finance minister warns Spain of Greece’s fate

By ickonic Posted on August 3, 2015 Posted in Aggregated No Comments Tagged with bailouts, greece, spain

‘Former Greek Finance Minister Yanis Varoufakis has warned Spain of “becoming Greece” if the country adopts similar austerity measures as Athens did in return for international bailout packages. The former Greek minister made the remarks during an interview with the Spanish daily El Pais, published on Sunday. “The danger of becoming Greece is always there […]

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France calls Germany’s Grexit proposal ‘unrealistic’

By ickonic Posted on August 3, 2015 Posted in Aggregated No Comments Tagged with debt, eu, euro exit, france, germany, greece

‘French Finance Minister Michel Sapin has criticized his German counterpart Wolfgang Schäuble for proposing a temporary withdrawal from the euro for debt-laden Greece. “I think Mr Schäuble is wrong and even contradicting his own deep European commitment,” the French minister said in an interview to be published Monday in the German business daily Handelsblatt, excerpts […]

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The Greek Coup: Liquidity as a Weapon of Coercion

By Max Keiser and Stacy Herbert Posted on July 31, 2015 Posted in Aggregated No Comments Tagged with austerity, ecb, goldman sachs, greece, Headlines, yanis varoufakis

“My father made him an offer he couldn’t refuse. Luca Brasi held a gun to his head and my father assured him that either his brains, or his signature, would be on the contract.” …

IMF won’t join Greece’s rescue unless creditors agree on debt relief – media

By ickonic Posted on July 31, 2015 Posted in Aggregated No Comments Tagged with bailouts, eu, greece, imf, troika

‘The IMF said it can’t reach a ‘staff level agreement’ on Greece’s €86 billion bailout at this stage and will make the decision on further involvement in the deal only after Athens agrees on a ‘comprehensive set of reforms’ and creditors on debt relief. The IMF will not take part in a new bailout program […]

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Total Collapse: Greece Reverts To Barter Economy For First Time Since Nazi Occupation

By ickonic Posted on July 30, 2015 Posted in Aggregated No Comments Tagged with activism, Barter, eu, greece, troika

‘Months ago, when Alexis Tsipras, Yanis Varoufakis, and their Syriza compatriots had just swept to power behind an ambitious anti-austerity platform and bold promises about a brighter future for the beleaguered Greek state, we warned that Greece was one or two vacuous threats away from being “digitally bombed back to barter status.” Subsequently, the Greek […]

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Poland and Czech Republic Won’t Join ‘Burning’ Euro

By ickonic Posted on July 29, 2015 Posted in Aggregated No Comments Tagged with greece, Poland, troika

‘With the turmoil in Greece proving once and for all that in the absence of a fiscal union, the EMU simply cannot function or if it does, it will be subject to episodic crises stemming from endemic differences of opinion on fiscal policy, outsiders could be forgiven for looking upon the currency experiment as an […]

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Greece and the European Union: First as Tragedy, Second as Farce, Thirdly as Vassal State

By ickonic Posted on July 29, 2015 Posted in Aggregated No Comments Tagged with germany, greece, syriza, troika

‘The Greek people’s efforts to end the economic depression, recover their sovereignty and reverse the regressive socio-economic policies, which have drastically reduced living standards, have been thrice denied. First, the denial came as tragedy: When the Greek majority elected Syriza to government and their debts increased, the economy plunged further into depression and unemployment and […]

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Greece relaxes capital controls, as talks on third €86bn bailout start in Athens

By ickonic Posted on July 28, 2015 Posted in Aggregated No Comments Tagged with austerity, bailouts, banks, capital controls, greece

‘The Athens Stock Exchange is expected to open on Tuesday after a three-week timeout, as a mission of creditors arrived in Athens to hold talks over the Greek three-year financial aid plan. The Greek newspaper Kathimerini says the stock exchange will work with certain limitations imposed by the ECB, as it is worried about the […]

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Greece: Varoufakis Claims He Had Approval To Plan A ‘Parallel Banking System’

By ickonic Posted on July 27, 2015 Posted in Aggregated No Comments Tagged with bailouts, greece, referendum

‘Former Finance Minister Yanis Varoufakis has claimed that he was authorized by Alexis Tsipras last December to look into a parallel payment system that would operate using wiretapped tax registration numbers (AFMs) and could eventually work as a parallel banking system, Kathimerini has learned. In a teleconference call with members of international hedge funds that […]

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This Is the End of the Line for Syriza

By ickonic Posted on July 26, 2015 Posted in Aggregated No Comments Tagged with bailouts, greece, referendum, syriza

‘Greek banks have reopened after weeks of closure. The patient and orderly way customers queued outside to use ATMS during the big shut down was an impressive sight, especially for those people who are fond of considering Greek people as somehow incapable of doing things right. But nothing is harmonious. The queues outside the job […]

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EU Council President Donald Tusk Warns of Revolution in Europe

By ickonic Posted on July 26, 2015 Posted in Aggregated No Comments Tagged with activism, eu, greece

‘Polish EU Council President, Donald Tusk, was shocked by the fierce debate over the Greek bailout in the EU Parliament. He told the FT: “It was the first time that I have seen radical with such emotions. It was almost half the European Parliament. Therefore, I believe that no one is a political winner in […]

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Greece makes military deal with Israel which only one other country has done – the United States

By ickonic Posted on July 25, 2015 Posted in Aggregated No Comments Tagged with greece, israel, syriza, war crimes

‘Greece’s ruling ostensibly left-wing Syriza party signed a “status of forces” accord with Israel on July 19. The Jerusalem Post explains that the agreement “offers legal defense to both militaries while training in the other’s country.” That is to say, it is a pact in which Greece agrees to help the Israeli military—which has illegally […]

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