Greece's former representative to the IMF, Panagiotis Roumeliotis, in front of the special parliamentary committee on the Greek debt, said that several Greek journalists were "trained" in Washington D.C. in order to support the positions of the IMF and the European Commission in Greek media.
The deal is that Greece gets new loans with which to repay existing loans in exchange for selling municipal water companies to private investors (water rates will go up on the Greek people), for selling the state lottery to private investors (Greek government revenues drop, thus making debt repayment more difficult), and for other such “privatizations” such as selling the protected Greek islands to real estate developers.
"Given that the BRICS countries mostly show a much higher growth rate than the countries of 'Big Seven,' we can assume that in the next two or three years, the combined GDP of the BRICS member states will surpass the same indicator of G7 nations".
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Clearly, our creditors’ demand for more austerity has nothing to do with concerns about genuine reform or moving Greece onto a sustainable fiscal path. Their true motivation is a question best left to future historians – who, I have no doubt, will take much of the contemporary media coverage with a grain of salt.
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At this juncture the only thing clear is that Washington has finally realized the stupidity of its provocations against Russia in Ukraine and globally. What their next scheme will entail is not yet clear. Clear is that a dramatic policy shift has been ordered on the Obama administration from the highest levels of US institutions. Nothing else could explain the dramatic shift. If sanity replaces the neo-con insanity remains to be seen
And the political fare on offer is all manufactured and presented to placate big business, to court corporate approval and to ensure that the ways in which we vent our dissatisfaction is safely-boundaried by QuestionTime-type 'participation'.
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by KenPhew!As I write, the message on my computer screen confirms that my e-fiiled federal tax return has been accepted. New York State has yet to be heard from (aka "Pending"), but I've been through this before, and I'm confident that they'll come around in time. Okay, "confident" may be an overstatement. The day I become truly confident about any aspect of income-tax filing is the day when I no longer have to worry about doing it.
When the banking system becomes too big to bail, the moral hazard trade that started it all becomes systemic “immoral hazard”—an extortion racket aided and abetted by the very politicians elected to serve our interests. When that trade takes place in a set of institutions that is incapable of resolving the crisis it faces, the result is permanent austerity.
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The main culprit in the debt crisis was a fall in tax revenues resulting from massive tax cuts for corporations and the wealthy. According to Razmig Keucheyan, sociologist and author of “The Left Hemisphere,” this “neoliberal mantra” that was supposed to increase investment and employment did the opposite.
The post Europe’s Debt: Lies and Myths appeared first on BSNEWS.
Does Varoufakis really think he can pull this off? Does he really think he can out-fox the slimy, authoritarian brigands and leg-breakers who run these extortionist institutions and who will use every means possible to extract the last drop of blood from their victim be he an aspiring, but penniless student at the university or a destitute pensioner huddling homeless and frozen in an abandoned doorway in downtown Athens?
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