IMF

Defaults are difficult.  But even more so is austerity.
— Joseph E. Stiglitz and Martin Guzman, Huffington Post, June 30, 2015

This is a test. Will the internationalist banksters force extraction of their ill-gotten interest payments to bail out their reckless derivative trades gone wrong, or will a sovereign country abandon the chains of financial elite coercion and renounce their IMF and ECB debt? Make no mistake about it, Greece has lived high on the hog for decades and has serious internal problems. There is no free ride. However, the pain from the coming default is necessary to shed the yoke of a failed European Union construct.

By MICHAEL HUDSON | CounterPunch | June 29, 2015 Back in January upon coming into office, Syriza probably could not have won a referendum on whether to pay or not to pay. It didn’t have a full parliamentary majority, and had to rely on a nationalist party for Tsipras to become prime minister. (That party […]

By Craig Murray | June 27, 2015 Just ten years ago, Ghana had the most reliable electricity supply in all of Africa and the highest percentage of households connected to the grid in all of Africa – including South Africa. The Volta River Authority, the power producer and distributor was, in my very considerable experience, […]

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.

NewWorldNextWeek.com: Episode232 - Greece Fire, Stop-and-Seize, Texas #Gold Welcome to New World Next Week - the video series from Corbett Report and Media Monarchy that covers some of the most important developments in open source intelligence news.

Over the past decade fundamental changes have taken place in Southern Europe, which have broken with previous political alignments, resulting in the virtual disappearance of traditional leftist ’parties, the decline of trade unions and the emergence of ‘middle class radicalism’.

Greece has been in the headlines of the world’s financial press for the past five months, as a newly elected leftist party, ‘Syriza’, which ostensibly opposes so-called ‘austerity measures’, faces off against the “Troika” (International Monetary Fund, the European Commission and European Central Bank).
Early on, the Syriza leadership, headed by Alexis Tsipras, adopted several strategic positions with fatal consequences – in terms of implementing their electoral promises to raise living standards, end vassalage to the ‘Troika’ and pursue an independent foreign policy.

By COLIN TODHUNTER | CounterPunch | June 12, 2015 After a study of GMOs over a four-year plus period, India’s multi-party Parliamentary Standing Committee on Agriculture recommended a ban on GM food crops stating they had no role in a country of small farmers. The Supreme Court appointed a technical expert committee (TEC), which recommended […]