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Showing posts with label GREECE. Show all posts
Showing posts with label GREECE. Show all posts

Tuesday, February 17, 2015

Greece Rejects Bailout Deal – Deadline To Avoid Financial Chaos In Europe Is March 1st



Source
Michael Snyder

Europe is on the verge of a horrifying financial meltdown, and there are only a few short weeks left to avert total disaster.  On Monday, talks that were supposed to bring about yet another temporary “resolution” to the Greek debt crisis completely fell apart.  The new Greek government has entirely rejected the idea of a six-month extension of the current bailout.

The Greeks want a new deal which would enable them to implement the promises that have been made to the voters.  But that is not going to fly with the Germans, among others.  They expect the Greeks to fulfill the obligations that were agreed to previously.  The two sides are not even in the same ballpark at this point, and things are starting to get very personal.

It is no secret that the new Greek government does not like the Germans, and the Germans are not particularly fond of the Greeks at this point.  But unless they can find a way to work out a deal, things could get quite messy very rapidly.

Wednesday, February 11, 2015

Is Soros Preparing A Color Revolution For Greece?


Brandon Turbeville

With the recent victory of Syriza in Greece, opponents of austerity the world over have been rejoicing. The news from a country crushed by austerity policies, the European Central Bank, the IMF, and corrupt oligarchs is now heralding a shift in direction toward a “third way” that does not simply involve trading one austerity oligarch and his party for another. 

For many in Greece, the signal is clear – help seems to be on the way. 

For those watching the developments from afar, the hope is that the spark in Greece will light the brushfire across Europe and the rest of the world that says “No!” to austerity and banker domination of national economies. 

Yet, while the signs coming out of Greece may seem positive at first, there is an ominous cloud approaching – the cloud of George Soros and his color revolution apparatus.

Sunday, July 7, 2013

Tell EU Member States: Save Greek "undesirables" from internment camps!

First migrants and recent immigrants were rounded up from Greece's streets and forced into internment camps.Then they threw the drug users in. Next came the sex workers, forcibly HIV tested, publicly humiliated, and imprisoned. 

Now they're coming for transgender men and women — and the list of "undesirables" just keeps longer.

Operation Zeus is a cleansing campaign targeting and imprisoning the most vulnerable members of Greek society, accompanied by spikes in racism, gender hate and homophobia.

There are now at least 5,000 people languishing in these hellholes simply for existing— and this month, while warning trans* men and women to "return to normal" or else, the Greek government announced that camp capacity is about to double.

We call on the EU member states to put the pressure on Greece now to stop this abhorrent cleansing campaign now. We can still save the people persecuted under Operation Zeus — but we can't afford to stay silent for long!
PETITION TO EU MEMBER STATES: We cannot afford to sit by while another European country rounds up "undesirables" and imprisons people in camps simply for existing. Let the Greek government know it must release these people now.

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Saturday, October 27, 2012

Helmet Cam View of the War for Athens

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Wednesday, October 17, 2012

Greece Is Not Poor - It Actually Has Massive Untapped Reserves Of Gold, Oil And Natural Gas



Michael Snyder, Contributor

It turns out that the poster child for the European debt crisis is not actually poor at all.  In fact, the truth is that the nation of Greece is sitting on absolutely massive untapped reserves of gold, oil and natural gas.  If the Greeks were to fully exploit the natural resources that are literally right under their feet, they would no longer have any debt problems.

Fortunately, this recent economic crisis has spurred them to action and it is now being projected that Greece will be the number one gold producer in Europe by 2016.  In addition, Greece is now opening up exploration of their massive oil and natural gas deposits.  Reportedly, Greece is sitting on hundreds of millions of barrels of oil and gigantic natural gas deposits that are worth trillions of dollars.

It is truly sad that Greece should be one of the wealthiest nations in all of Europe, but instead the country is going through the worst economic depression that it has experienced in modern history.  It is kind of like a homeless man that sleeps on the streets every night without realizing that a relative has left him an inheritance worth millions of dollars.  Greece is not poor at all, and hopefully the people of Greece can learn the truth about all of this wealth and chart a course out of this current mess.

Tuesday, October 9, 2012

Anonymous: Operation Solidarity with Greece

YouTube

Greetings Government of Greece, we are Anonymous.

We are watching events in Greece and we are really overwhelmed. Four thousand suicides, two million unemployed, five-hundred thousand homeless, hospitals without the necessary materials, salaries and pensions at risk of hunger and we can go on ... 




Hat Tip: Justice For Greece

http://webchat.voxanon.net irc.voxanon.net chan #OpSolidarityGreece
Facebook event link : https://www.facebook.com/events/112599478897315/

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Friday, August 17, 2012

Stand Strong and Do Not Despair: Some Thoughts on the Fading Student Movement in Quebec

By: Andrew Gavin Marshall
As eight of the fourteen CEGEP preparatory schools have voted to return to class, and thereby end the strike which began in February, Quebec is beginning to witness the fading away of the first phase of the student movement, mobilized by the planned tuition increases, and which expanded into a broader social movement known as the ‘Maple Spring.’ As some students have returned to class, they were met with a heavy police presence, no doubt to ensure ‘order’ during such a “dangerous” situation in which students enter school property. After all, Bill 78, which was passed by Jean Charest’s government back in May (now known as Law 12), made student protests on (or within 50 metres of school property) an illegal act.
Bill 78 was, quite accurately, described as “a declaration of war on the student movement,” and included an excessive amount of violations of basic rights and freedoms. Regardless of the specific details of the illegalities of the Law, we – the people – do not need even our Charter of Rights and Freedoms to tell us what is right and wrong, just or unjust. The legal system itself, after all, has very little to do with ‘justice’, and far more to do with legalizing injustice. Not only was the Law a violation of legally guaranteed rights and freedoms, such as freedoms of assembly and expression, but it was an affront to a very basic sense of decency, an insult to a very common sense of democracy, and an attack on a very basic conception of freedom.
This Law remains in effect. The tuition is set to increase. And as students vote to end the strike, some are mourning the seemingly vanishing potential of the student movement to effect a real, true, and lasting change. But all was not for nothing, all is not lost, and resistance is not futile. We have witnessed but the starting actions, initiative, determination, and voice of a generation which, around the world, from Egypt, to Greece, Spain, Chile and Mexico, are standing up, taking to the streets, innovating new actions and forms of collective resistance and even revolution. Our generation is beginning – and only just beginning – to awaken our wider societies to resist and challenge a system which, in the wake of this new great global depression, which in the wake of new wars of aggression, has revealed its true nature: all for the powerful, and nothing for the people. It is a system which benefits the few at the expense of the many.

Monday, July 2, 2012

'Lazy Greeks Myth, Red Herring in Explaining Crisis'

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Wednesday, June 29, 2011

Bankers vs. People

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Greg Hunter
USA Watchdog

The entire crisis in Greece (and the rest of the world) all comes down to bankers vs. the people.  The bankers made crazy, reckless loans to this tiny country.  If you look back to when the loans were first offered, it’s hard to believe the banks did not know what they were doing.  Did they not know that most people in Greece did not pay taxes?  Did they not know many retired at 50 years old? Did they not know about all the government social programs?  After all, Greece has a socialist government for goodness sakes.

What is going on in Greece is similar to the subprime loan crisis.  Here, people just stopped paying and walked away when the market crashed.  In Greece, the bankers want to turn people into debt slaves for a generation to get their money back.  Heaven forbid any banker writes off the debt and not take a bonus.   David Stockman, who was Director of the Office of Management and Budget in the Reagan Administration, said last week on CNBC that Europeans are going to become tax and debt slaves to continue to pay bankers.  The report said, “In Europe, Stockman raged against a dichotomy of tax and debt slavery created by the EU: “They’re attempting to go turn the prudent Europeans of the north into permanent tax slaves in order to bail out the big banks in France and Germany and elsewhere who don’t deserve a bailout,” he said, adding that, “In order to accomplish that, they will attempt to turn the millions of people who live in southern Europe into permanent debt slaves in order to pay the piper from the guarantees coming from the north.” (Click here for the complete CNBC report.)

There is no wonder why protests in Greece turned violent yesterday.

Read Full Article 



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Max Keiser in Interview with Lars Schall

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Tuesday, June 28, 2011

Greece grinds to a halt as general strike gets underway

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Workers across Greece walked off the job on Tuesday, kicking off a crippling 48-hour strike with a mass protest in the capital, Athens, as parliament debated a new austerity plan. Police fired tear gas in clashes with protesters. 

AFP -- France 24

Greece ground to a halt Tuesday as angry workers launched a 48-hour general strike against an austerity drive ordered by its bankruptcy-threatened government in exchange for a European bailout.

Crowds converged early on Syntagma Square, where parliament will vote on sweeping spending cuts as planes, ships and most public transport came to a halt.

Europe's economic tsar Olli Rehn in Brussels warned that Greece faced "a critical juncture" and the austerity programme was the "only way to avoid immediate default."

But that view was not shared by protestors, determined to block passage of the package.

"We don't want your money Europe," Iamando, 36, told AFP on the square where police were already out in force at 11:00 am (0800 GMT). "Leave us alone -- please, please, please."

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Friday, June 24, 2011

Tuesday, June 21, 2011

Greek government survives vote

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Harry Papachristou and Barry Moody
Reuters

Greece's embattled government on Wednesday survived a confidence vote crucial to avoiding a sovereign default, as thousands of protesters chanted insults outside parliament.

The assembly voted confidence in the government, reshuffled by Prime Minister George Papandreou to stiffen resolve behind a painful new austerity program, by 155 votes to 143 with two abstentions. All Papandreou's Socialist Party deputies voted solidly with the government.

"If we are afraid, if we throw away this opportunity, then history will judge us very harshly," Papandreou said in a final appeal for support before the vote.

The closely watched vote had an immediate impact with the euro making gains, although traders said continuing concerns about implementation of the measures contained the currency's advance.

Protesters besieged parliament in Syntagma square, chanting slogans against the politicians, shining hundreds of green laser lights at the building and into the eyes of riot police outside and pushing their hands forward in a traditional insult. 

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Democracy vs Mythology: The Battle in Syntagma Square

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Photo Credit - SturdyBlog
SturdyBlog

I have never been more desperate to explain and more hopeful for your understanding of any single fact than this: The protests in Greece concern all of you directly.

What is going on in Athens at the moment is resistance against an invasion; an invasion as brutal as that against Poland in 1939. The invading army wears suits instead of uniforms and holds laptops instead of guns, but make no mistake – the attack on our sovereignty is as violent and thorough. Private wealth interests are dictating policy to a sovereign nation, which is expressly and directly against its national interest. Ignore it at your peril. Say to yourselves, if you wish, that perhaps it will stop there. That perhaps the bailiffs will not go after the Portugal and Ireland next. And then Spain and the UK. But it is already beginning to happen. This is why you cannot afford to ignore these events.

The powers that be have suggested that there is plenty to sell. Josef Schlarmann, a senior member of Angela Merkel’s party, recently made the helpful suggestion that we should sell some of our islands to private buyers in order to pay the interest on these loans, which have been forced on us to stabilise financial institutions and a failed currency experiment. (Of course, it is not a coincidence that recent studies have shown immense reserves of natural gas under the Aegean sea).

Bankers and Fools

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Robert Bonomo, Contributing Writer

After a tense week with world markets teetering on the edge of collapse Angela Merkel finally met with her French counterpart Nicholas Sarkozy and they ended the seven-month chill in their once cozy relationship. According to The Independent, they faced a serious impasse regarding bank haircuts in the "déjà vu all over again" Greek financial crisis. Sarkozy fought tooth and nail to guarantee that the largest holders of Greek debt, the French banks, wouldn’t get a clipping. Merkel made a valiant effort to demand accountability from the banks but she finally caved in, giving great comfort to the second largest holders of Greek debt: the German banks.

According to the Financial Times, French banks are holding $53 billion in Greek debt, Credit Agricole alone is $30 billion invested, while German banks are holding $34 billion. Colloquially speaking, Frau Merkel and Monsieur Sarkozy know who their daddy is.

Friday, June 17, 2011

Is This It? Mass Rioting, Civil Unrest In Greece As Economists Warn Of Global ‘Armageddon Scenarios’

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Steve Watson
Infowars

As protesters continue to run riot in the streets, economists are warning that the whole of Europe and by extension, the rest of the world could face financial armageddon should Greece default on its debt, in the absence of a second bailout.



Financial experts are warning of a ‘Lehman Moment’ as the European markets are beginning to show signs of unraveling in the wake of the Greek crisis.

“The markets have moved from simply pricing in a high probability of a Greek debt default to looking at a scenario of it becoming disorderly and of contagion spreading to other economies like Portugal, like Ireland, and maybe Spain, Italy and Belgium.” a former UK Treasury official told Bloomberg news.

Thursday, May 26, 2011

It's ever more obvious, Greece must leave the euro

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I've hardly been alone, but that's no excuse. For more than a year now, I've been regularly predicting the euro crisis's final denouement, yet still it hasn't arrived.

Wikimedia Commons Image
Jeremy Warner
Telegraph

So I've been forced to reach a different conclusion; perhaps it never will. Instead, the eurozone has entered a seeming state of permanent crisis. In desperation, European policymakers have adopted a very British characteristic – the hope that they can somehow just muddle through.

But though no one can know the exact timing of the endgame – that's ultimately for the politicians to decide, so no time soon might be a reasonable bet – it's now fairly clear what that endgame must be.

What's presently being played out among the GIPS (Greece, Ireland, Portugal and Spain) is final proof that you cannot have a monetary union of such size among sovereign nations without compensating fiscal union. That simple underlying truth leaves the euro facing a choice between two equally unappetising outcomes.

Either the richer countries carry on bailing out the poorer ones more or less indefinitely, rather in the manner that Germany subsidises its formerly communist East, or membership of the euro has to be reconstituted on a smaller and more sustainable basis. There's really nothing in between. The longer European policymakers remain in denial about this choice, the worse the situation will become.

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Monday, May 16, 2011

The New Enemy of Economic Recovery: Austerity Protesters

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Eric Blair
Activist Post

As the United States surpasses the debt ceiling today, and Obama and Boehner play "let's make a deal" for deep cuts to the budget, citizens must prepare for austerity measures of higher taxes and less benefits.  These cutbacks won't necessarily be as evident as European austerity, because Americans scarcely get anything tangible from their tax dollars.  However, cutbacks will likely bring similar hardship and protest.

The increasingly ferocious protests over public service cuts and asset looting in the Euro-zone hints at what may be in store for America. Over the weekend a Washington Post article described the escalating unrest in Greece over punishing austerity measures.  However, the thrust of the article was to create the new enemy of the economy recovery: austerity "anarchists":

Saturday, May 7, 2011

Greece Mulls Plans to Exit Eurozone, Start New Currency



Acropolis Wikimedia Image
Christian Reiermann
Spiegel Online

The debt crisis in Greece has taken on a dramatic new twist. Sources with information about the government's actions have informed SPIEGEL ONLINE that Athens is considering withdrawing from the euro zone. The common currency area's finance ministers and representatives of the European Commission are holding a secret crisis meeting in Luxembourg on Friday night.

Greece's economic problems are massive, with protests against the government being held almost daily. Now Prime Minister George Papandreou apparently feels he has no other option: SPIEGEL ONLINE has obtained information from German government sources knowledgeable of the situation in Athens indicating that Papandreou's government is considering abandoning the euro and reintroducing its own currency.

Alarmed by Athens' intentions, the European Commission has called a crisis meeting in Luxembourg on Friday night. The meeting is taking place at Château de Senningen, a site used by the Luxembourg government for official meetings. In addition to Greece's possible exit from the currency union, a speedy restructuring of the country's debt also features on the agenda. One year after the Greek crisis broke out, the development represents a potentially existential turning point for the European monetary union -- regardless which variant is ultimately decided upon for dealing with Greece's massive troubles.

Given the tense situation, the meeting in Luxembourg has been declared highly confidential, with only the euro-zone finance ministers and senior staff members permitted to attend. Finance Minister Wolfgang Schäuble of Chancellor Angela Merkel's conservative Christian Democratic Union (CDU) and Jörg Asmussen, an influential state secretary in the Finance Ministry, are attending on Germany's behalf.

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Wednesday, March 30, 2011

Europe Whispers “Crisis” While the Market Continues Screaming

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Jason Kaspar, Contributing Writer
Activist Post

Last year the Europe Union (and the euro) teetered on the verge of collapse when the Greek financial crisis strained the viability of the EU construct. This year, as other EU countries domino in similar fashion, no one seems to care – certainly not the markets. Portugal’s government collapsed last Friday, and Standard and Poor has downgraded Portugal twice in the last week from A- to BBB-.  S&P then proceeded to cut Greece’s rating further from BB+ to BB-. Yet, defying all reason, the markets have gone up.

So, why is the market reacting positively to this news?

Well, in the perverse logic of a shortsighted market, debt spending is good.  Going into the European crises last year, there was no backstop for a European country in trouble.  The provisions for sovereign collapse were unclear and hotly debated.  Would Greece be kicked out of the Eurozone?  What would happen to the Euro?  Would bondholders suffer losses? How would this impact banks?
Jasper Roberts Consulting - Widget