By Katerina Papathanasiou | Greek Reporter | May 21, 2015 Greek Defense Minister Panos Kammenos said that the United States attempted to encourage Greece to support a new round of Russian sanctions but Athens still enjoys sharing religious and economic bonds with its “friend” and “ally,” Moscow. After his meeting with US Under Secretary of Defense for Policy (USDP) Christine […]
[audio mp3="http://www.corbettreport.com/mp3/2015-05-14%20Financial%20Survival.mp3"][/audio]Every week James appears on Financial Survival with Alfred Adask to discuss news, economics and current events. This week they discuss the Eurozone meltdown and the unlikelihood of a Grexit, why more Americans are renouncing their citizenship than ever, and how a global tax grid is being constructed behind the scenes as a cornerstone of world government.
RT | May 12, 2015 Greece has been invited by Russia to become the sixth member of the BRICS New Development Bank (NDB). The $100 billion NDB is expected to compete with Western dominance and become one of the key lending institutions. The invitation was made by Russian Deputy Finance Minister Sergey Storchak on Monday […]
Logo of the Greek Golden Dawn political partyby Gaius PubliusI haven't written much about Greece lately, but there's quite a story going on. It's not that difficult to follow, but you have to be careful whom you read. Conventional wisdom (backed by corporate, pro-austerity media outlets here and abroad) says it's a morality tale — bad Greeks who went into too much debt and now they can't pay up.
RT | April 8, 2015 Russia has drafted a number of proposals that could end the embargo on food products from Greece, Russia’s Economic Development Minister Aleksey Ulyukayev said at a meeting with Greek Prime Minister Alexis Tsipras on Wednesday. “We’ll be discussing in detail this issue during the meeting of the Russian Prime Minister […]
RT | April 6, 2015 Greek Finance Minister Yanis Varoufakis has unveiled his plan on reviving the Greek economy by both meeting the IMF requirements and circuiting the austerity measures. A preliminary agreement over proposal is expected on April 24. Greece expects to reach a preliminary agreement with creditor countries on financing the economy and […]
RT | April 3, 2015 Athens is currently trying to negotiate a new bailout deal with its Troika of creditors, but if that falls ‘Plan B’ could reportedly involve getting rid of the euro and cutting off its banking system from the European Central Bank. Greece’s government is getting ready to nationalize the country’s banks […]
RT | April 2, 2015 The Greek Finance Ministry has put together a 26-page list of policy reforms, which calls for €19 billion in funds this year. The reforms also plan to tackle tax evasion, and propose a €1.5 billion privatization plan. Greece’s international creditors- the European Commission, International Monetary Fund, and European Central Bank- […]
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.
The post Eurozone Minister Comes Clean About Austerity appeared first on BSNEWS.
