greece Archives - Page 8 of 24 - theDrahos

Greek capital controls puts Athens zoo animals at risk of starvation

By ickonic Posted on July 24, 2015 Posted in Aggregated No Comments Tagged with capital controls, greece

‘The lives of the inhabitants of an Athens zoo are under threat, as capital controls imposed by the Greek government have hampered the supply of special imported dietary supplements needed to feed about 2,200 animals. The lives of dolphins, seals, penguins, lemurs, flamingos and giant anteaters are “endangered” by the recent misfortunes of the Greek […]

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Greece’s Parliament Cannot Override the Referendum NO Vote. The Agreement with the Creditors is Illegal

By ickonic Posted on July 23, 2015 Posted in Aggregated No Comments Tagged with bailouts, greece, referendum, troika

‘On Sunday July 5, the Greek people voted in a historic referendum to refuse the Troika’s draft agreement. The Referendum was an outright ”ritual of democracy”. The Greek people were betrayed. On Monday morning, July 6, on the day following the referendum, Prime minister Tsipras put forth a 13 page draft proposal which included most […]

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Greece adds 10% VAT to everyday products

By ickonic Posted on July 23, 2015 Posted in Aggregated No Comments Tagged with austerity, greece

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Multinational Vultures Cluster Round Greece: Airports, Ports, Tourist Resorts, Energy Assets and Utilities

By ickonic Posted on July 23, 2015 Posted in Aggregated No Comments Tagged with banks, greece, privatisation

‘The sentence of privatisation, which Britain has found inefficient and expensive in most cases, has been passed on Greece. On July 12, the summit of eurozone leaders dictated terms to Greek Prime Minister Alexis Tsipras, who accepted all, including the sale of Greece’s remaining public assets. Business Insider reports that Eurozone leaders demanded that Greek […]

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Greek parliament approves second batch of tough measures

By ickonic Posted on July 23, 2015 Posted in Aggregated No Comments Tagged with austerity, greece

‘The Greek parliament has approved the second batch of reforms the debt-laden country needs to implement in order to receive a new bailout from its international creditors, despite intense protests in Athens against the austerity measures. The Greek lawmakers voted in favor of the much-debated second bill of tough reforms in the early hours of […]

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The Greek Economy Is Finished. A Quarter Of Firms Shifting Abroad

By ickonic Posted on July 22, 2015 Posted in Aggregated No Comments Tagged with austerity, capital controls, greece

‘Capital controls imposed by the Greek government are taking a heavy toll on Greek businesses, according to a new report from Endeavour Greece. With over two-thirds of respondents reporting a “significant drop in revenues,” and 1 in 9 firms forced to suspend production due to shortages of raw materials (unable to buy due to capital […]

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Greeks Laugh As Bankers Implore Depositors Return Money – ‘Banks Are Trustworthy’

By ickonic Posted on July 22, 2015 Posted in Aggregated No Comments Tagged with banks, capital controls, greece

‘President of Greek Banks Association Louka Katseli appealed at the citizens to return their money to the banks. “Banks are absolutely trustworthy,” Katseli told Mega TV “as guaranteed by the ECB and the Bank Association, but they would have been even more powerful if 40 billion euros had not been withdrawn in the last months. […]

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The Firesale Begins: Tsipras Agrees To Sell Greek Assets

By ickonic Posted on July 22, 2015 Posted in Aggregated No Comments Tagged with eu, greece, troika

‘It’s never been more obvious that Greece has been sold out to the banks. Like many countries before, their nation has been scheduled to endure poverty and chaos, followed by a firesale of their assets. The latest evidence of their nation’s capture by the banks, is the selling of their numerous islands to wealthy buyers. […]

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Greece news: Greek banks reopen, but a hefty new sales tax – on everything from coffee to taxis to condoms – brings fresh confusion

By ickonic Posted on July 21, 2015 Posted in Aggregated No Comments Tagged with banks, capital controls, greece

‘Greek banks have opened for the first time in over three weeks – a move that the government hopes will help get the economy back to normal following a period dominated by fears over the country’s future in the euro. Strict controls on the amounts individuals can withdraw remain, however, and new austerity taxes demanded […]

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Thousands of Refugees Flee Northward from Greece

By ickonic Posted on July 21, 2015 Posted in Aggregated No Comments Tagged with Economic Collapse, greece

‘The precarious situation in Greece means that thousands of refugees are making their way to northern Europe. There, the reaction is increasingly panicked: The Bavarian Prime Minister Horst Seehofer has announced plans to fend off refugees with “rigorous measures.” In Germany, there have been several attacks on asylum facilities. In Italy and the Czech Republic, […]

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No debt write-off for Greece, Berlin open to other relief forms: Merkel

By ickonic Posted on July 20, 2015 Posted in Aggregated No Comments Tagged with germany, greece, merkel

‘German Chancellor Angela Merkel has once again ruled out proposals to write off some of Greece’s debt, but assures that Berlin is supporting a flexible repayment plan for the debt-laden country. “There can’t be a classic haircut – forgiving 30 or 40 percent of debt – in a monetary union,” said Merkel in an interview […]

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Greek Banks Will Not Re-Open Monday Even As Loan To Repay ECB Approved

By ickonic Posted on July 19, 2015 Posted in Aggregated No Comments Tagged with austerity, ecb, greece, loans

‘The timing could not be worse from a visual perspective but within minutes of the Eurogroup confirming that they approved the €7.16 billion bridge loan (which will merely be recycled back to The ECB to ensure the appearance of normalcy continues), local reports note that the Greek finance ministry says banks will not re-open on […]

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Greek Banks Will Not Re-Open Monday Even As Loan To Repay ECB Approved

By ickonic Posted on July 19, 2015 Posted in Aggregated No Comments Tagged with austerity, ecb, greece, loans

‘The timing could not be worse from a visual perspective but within minutes of the Eurogroup confirming that they approved the €7.16 billion bridge loan (which will merely be recycled back to The ECB to ensure the appearance of normalcy continues), local reports note that the Greek finance ministry says banks will not re-open on […]

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‘We are Going to Collapse your Banks’: Greek Government Insider Lifts the Lid on Five Months of Financial Blackmail

By ickonic Posted on July 19, 2015 Posted in Aggregated No Comments Tagged with ecb, eu, euro, germany, greece, imf, merkel

‘In this interview with Mediapart, a senior advisor to the Greek government, who has been at the heart of the past five months of negotiations between Athens and its international creditors, reveals the details of what resembles a game of liar’s dice over the fate of a nation that has been brought to its economic […]

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‘We are Going to Collapse your Banks’: Greek Government Insider Lifts the Lid on Five Months of Financial Blackmail

By ickonic Posted on July 19, 2015 Posted in Aggregated No Comments Tagged with ecb, eu, euro, germany, greece, imf, merkel

‘In this interview with Mediapart, a senior advisor to the Greek government, who has been at the heart of the past five months of negotiations between Athens and its international creditors, reveals the details of what resembles a game of liar’s dice over the fate of a nation that has been brought to its economic […]

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