Greece’s Lesson For Russia
Greece’s debt can now only be made sustainable through debt relief measures that go far beyond what Europe has been willing to consider so far.
— International Monetary Fund
Greece’s debt can now only be made sustainable through debt relief measures that go far beyond what Europe has been willing to consider so far.
— International Monetary Fund
In the early hours of Thursday morning, July 16, the Greek Parliament passed a host of austerity measures in order to begin talks on a potential third bailout of 86 billion euros. The austerity measures were pushed onto the Parliament by Greece’s six-month-old leftist government of Syriza, elected in late January with a single mandate to oppose austerity.
The crushing Greek debt could be canceled the way it was made – by sleight of hand. But saving the Greek people and their economy is evidently not in the game plan of the Eurocrats.
By Binoy Kampmark | CounterPunch | July 14, 2015 “This has nothing to do with economics. It has nothing to do with putting Greece back on the rails towards recovery.” — Yanis Varoufakis, Jul 13, 2015 Alexis Tsipras, along with his crew of negotiators, had done much with little. His Syriza government had been fighting […]
Yanis Varoufakis, the former Greek finance minister, in an article in the Guardian entitled “Germany won’t spare Greek pain – it has an interest in breaking us”, frames the Greek tragedy in clear terms thus:
An African Union increasingly coming under the influence of China is fighting NATO sponsored destabilization in the form of Wahhabi terrorism such as Al Shabaab and Boko Haram.
The spate of terrorist attacks in France, Tunisia and Kuwait on June 26th brought condemnation from most of the world’s leaders, especially the terrorist attack against the US Air Products plant in Isere, France, which received most of the media attention.
By Finian Cunningham – Sputnik – 09.07.2015 When Greece resoundingly rejected economic austerity last week, Prime Minister Alexis Tsipras and his government were given a wealth of political capital. For the second time, including the election of Tsipras’ Syriza party six months ago, the Greek people spoke out democratically – unequivocally and irrefutably – no more austerity […]
Sputnik – 10.07.2015 Ukrainian Economic Development Minister Aivaras Abromavicius clarified exactly how many state companies would be offered up for sale to US and European investors at the upcoming Ukrainian-American investment conference in Washington D.C on Monday, stating that 345 state-run firms would be put on offer to the highest bidder. Speaking before reporters on […]
Banks create money when they make loans. Greece could restore the liquidity desperately needed by its banks and its economy by nationalizing the banks and issuing digital loans backed by government guarantees to its ailing businesses. Greece could provide an inspiring model of sustainable prosperity for the world. But it is being strangled by a hegemonic power in a financial war that is being waged against us all.