Category Archives: Greece

Lombard Street: “structure of the euro worsened divergences naturally arising from the differences between countries”


The structure of the euro worsened divergences naturally arising from the differences between the countries. The Dutch and Germans felt poorer than they actually were, the Spanish richer – and the low interest rates that were perceived as a benefit … Continue reading

Posted in Commodities & Cost of Living, ECB/IMF, Economy, EU, Euro / Sovereign Money, eurozone, Geopolitics, Germany, Greece, Housing Bubble, ireland, Leo Varadkar versus the World, Spain | Tagged , , , , , , | Leave a comment

[UPDATE – Papandreou fires military chiefs] You read it here first: A Greek Coup? Part 3 of a continuing series…


2/November, 2011. EUobserver.com – As government verges on collapse, Papandreou fires military chiefs: …in a development that has stoked fears of a potential military coup in the country, Papandreou on Tuesday also fired the entire high command of the armed … Continue reading

Posted in Civil Disobedience, Civil Rights & Liberties, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, Geopolitics, Greece, Human Rights, Intelligence / Securocrats, War & Peace | Tagged , , | Leave a comment

Connect the dots? Greek government buys 400 tanks . . . (dot, dot, dot)


June 25, 2011: Greek Coup to force exit from Euro?  – John Mauldin, “Outside the Box” Newsletter: To go back to the drachma would require a bank holiday for a week, and it would have to be a surprise move. … Continue reading

Posted in Civil Disobedience, ECB/IMF, Economy, EU, Euro / Sovereign Money, eurozone, Geopolitics, Germany, Greece, Human Rights, USA / America | Tagged , , , , , , , | 1 Comment

Greece is the word…


News from the past seven days… MarketWatch – Greece should default, exit euro, Roubini says; ZeroHedge – Germany Demands “Managed” Greek Default And 50% Bond Haircuts In Exchange For Expanding EFSF, Peripheral “Firewall”; Spiegel – ‘We Won’t Pay’ Greece’s Middle … Continue reading

Posted in Austerity / Cutbacks, Budget, Civil Disobedience, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, eurozone, Geopolitics, Germany, Greece, Health | Tagged , , | Leave a comment

Yanis Varoufakis in Ireland: Understanding the Euro Crisis


I am in Dublin on a series of talks, interviews and discussions through which I hope (a) to spread the word for the Modest Proposal and (b) to learn from this amazing small country’s experiences. Today’s (personal) highlight was meeting … Continue reading

Posted in Austerity / Cutbacks, Bankers' Bailout, Budget, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, Eurobonds, Geopolitics, Greece, ireland, Solutions | Tagged , , | Leave a comment

On Vincent Browne: Marshall Auerback – Will Greece Default? Should Ireland Leave the Euro?


http://www.tv3.ie/videos.php?video=40371&locID=1.65.169 Tonight with Vincent Browne Thu 22 Sept: 11.05pm Vincent and his panel of guests debate whether Ireland should abandon the Euro.

Posted in Audio/Video, Debt Default/Restructuring, Economy, EU, Euro / Sovereign Money, Greece, ireland | Tagged , , | Leave a comment

The Crisis of Europe and European Nationalism (George Friedman/StratFor)


The Crisis of Europe and European Nationalism is republished with permission of STRATFOR. When I visited Europe in 2008 and before, the idea that Europe was not going to emerge as one united political entity was regarded as heresy by … Continue reading

Posted in Austerity / Cutbacks, Economy, EU, Euro / Sovereign Money, France, Geopolitics, Germany, Greece, History, Ideology, imperial, Independence/Nationalism, NATO, USA / America, War & Peace | Tagged , , | Leave a comment

EU austerity contagion spreads (People’s Movement)


Italy’s government has approved a €345½ billion austerity budget that the prime minister, Silvio Berlusconi, said was the result of pressure from Finland, Germany, and the Netherlands. The draft measures—which must still go before parliament for final approval, expected in … Continue reading

Posted in Austerity / Cutbacks, Budget, Civil Rights & Liberties, ECB/IMF, Economy, Elections, EU, France, Germany, Greece, Italy, Superstate, Taxation | Tagged , , , , , , , , , , , , , , , , | 1 Comment

France, Germany agree transaction tax for “true European economic government” (People’s Movement)


The Germans and French agree again! France and Germany have agreed plans for a transaction tax as part of a deal to set up a new “true European economic government” for the euro zone; but they demand that the tax … Continue reading

Posted in Bankers' Bailout, Budget, ECB/IMF, Economy, ESM / European Stability Mechanism, EU, Euro / Sovereign Money, Geopolitics, Germany, Greece, Housing Bubble, ireland, Taxation | Tagged , , , , | Leave a comment

Auf Wiedersehen… Yet? Is Germany Preparing to Exit the Euro?


New Economic Perspectives / Marshall Auerback – A Tale of Three Germanys: Is Germany Preparing to Exit the Euro?: The Germans were willing to go into a currency union because by construction that agreement removed the weapon exchange rate depreciation … Continue reading

Posted in Austerity / Cutbacks, Bankers' Bailout, Budget, Civil Disobedience, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, France, Geopolitics, Germany, Greece, Independence/Nationalism, ireland, Solutions | Tagged , , , | Leave a comment

CNBC: “Europe’s Debt Crisis Won’t End Until Greece Defaults”


From CNBC – Europe’s Debt Crisis Won’t End Until Greece Defaults: Allowing deeply indebted European countries the chance to restructure their obligations seems to be the most direct approach to resolving the problem, yet has been met with resistance that … Continue reading

Posted in Debt Default/Restructuring, EFSF / European Financial Stability Fund, EU, France, Greece, Italy, Spain | Tagged , , , , | Leave a comment

San Francisco Chronicle / Bloomberg: “Greece, Ireland, Portugal Should Default on Debt, Hedgefund Says


From the San Francisco Chronicle / Bloomberg – Greece, Ireland, Portugal Should Default on Debt, Pimco Says: Aug. 17 (Bloomberg) — European politicians should let Greece, Ireland and Portugal default while taking steps to ensure Italy and Spain won’t, according … Continue reading

Posted in Bankers' Bailout, Debt Default/Restructuring, ECB/IMF, Economy, Geopolitics, Greece, ireland | Tagged , , , , , , , | Leave a comment

“No one talks of a crisis in Switzerland, Denmark, Sweden, Norway, which retained national currencies” – Alain Bournazel


Via TEAMeurope.info [via Google Translate] – EU mutual loans sharpen the crisis: The crisis – the worst temptation Alain Bournazel What is commonly called the crisis is actually a combination of several crises that broke out simultaneously in several parts … Continue reading

Posted in Accountability, Austerity / Cutbacks, Budget, ECB/IMF, Economy, EU, Euro / Sovereign Money, France, Greece, Italy, Spain | Tagged , , , , , , | 1 Comment

Ex-CIA officer: “we are seeing the beginning, not the end, of economic problems in Europe”


From IntelNews.org – Exclusive: Interview with ex-CIA officer Charles S. Faddis: [Faddis]… I am afraid, especially with the economic problems we are seeing on the Continent, that we are likely to witness a resurgence of such violence in the future. … Continue reading

Posted in Austerity / Cutbacks, Budget, Civil Disobedience, Economy, EU, Greece, Italy, Superstate | Tagged , , , | 1 Comment

ECB helps Italy and Spain? (People’s Movement)


The European Central Bank has gone back to the markets to buy bonds after a five-month pause in an attempt to stop the crisis from spilling to Italy and Spain. “If we intervene, we intervene, and we’ll publish the amount … Continue reading

Posted in Bankers' Bailout, ECB/IMF, Economy, EFSF / European Financial Stability Fund, ESM / European Stability Mechanism, EU, Euro / Sovereign Money, Geopolitics, Germany, Greece, Italy, Spain | Tagged , , , , | Leave a comment

Germany owns Europe: during boom bankers went out way to get dirty, needed to go abroad to (Vanity Fair/Michael Lewis)


From Michael Lewis in Vanity Fair – It’s the Economy, Dummkopf! The Greeks not only have massive debts but are still running big deficits. Trapped by an artificially strong currency, they cannot turn these deficits into surpluses, even if they … Continue reading

Posted in Accountability, Bankers' Bailout, Budget, ECB/IMF, Economy, EFSF / European Financial Stability Fund, ESM / European Stability Mechanism, EU, Euro / Sovereign Money, Geopolitics, Germany, Greece, Housing Bubble, ireland, Superstate | Leave a comment

Update: Some Solutions – Debt Commission, Targeted Public Spending, Banking Utilities, Eurobonds… Leave the Euro


David Malone / Golem XIV – A Debt Commision for the publically owned Banks like RBS: I personally, as a tax payer, was taken into a vastly costly deal blindfolded. I want the blind fold removed. Don’t tell me ‘experts’ … Continue reading

Posted in Accountability, Auditing Committee, Bankers' Bailout, Budget, ECB/IMF, Economy, EU, Euro / Sovereign Money, Geopolitics, Greece, Housing Bubble, ireland, Solutions | Tagged , , | Leave a comment

Deep pessimism among European Commission staff – “European model has entered into lasting crisis” (People’s Movement)


A recent survey has found deep pessimism among the staff of the European Commission on a wide range of issues, including the course of European integration over the past decade and the likelihood of success of the EU’s strategy for … Continue reading

Posted in Accountability, Budget, Civil Disobedience, ECB/IMF, Economy, Elections, EU, Greece, Ideology, ireland | Tagged , , | Leave a comment

“Greece begins €50bn privatisation drive” – The Guardian


From the Guardian – Greece begins €50bn privatisation drive: Greek officials begin appointing advisers for fire-sale of state assets intended to raise €50bn by 2015; The starting gun for one of the biggest fire-sales in western history was fired as … Continue reading

Posted in Bankers' Bailout, Budget, Geopolitics, Greece, Privatisation | Tagged , , | Leave a comment

The ECB Job (2)


Telegraph – Financial crisis; Italy could tip euro into abyss: The relentless plunge of financial markets will lurch into a more dangerous phase that could take the global economy over the brink of disaster, unless the European Central Bank starts … Continue reading

Posted in Bankers' Bailout, Debt Default/Restructuring, ECB/IMF, Economy, EFSF / European Financial Stability Fund, ESM / European Stability Mechanism, EU, Euro / Sovereign Money, Geopolitics, Greece, ireland, Italy | Tagged , , , , , , , , , , , | Leave a comment

Imagine if Ryanair ran the health system…


… or would that be redundant? The Scotsman – Debt-hit students urged to sell their kidneys: STUDENTS should be able to sell their kidneys for tens of thousands of pounds to pay off university debts, according to a Scots academic; … Continue reading

Posted in Budget, Economy, EU, Geopolitics, Greece, Privatisation, Save Our Services | Tagged , , , , | 1 Comment

“It’s as if Finance has become the new mode of warfare… Neofeudalism – that’s what the European Central Bank is all about” – Michael Hudson


IMF the Economic Hangman “It’s as if Finance has become the new mode of warfare” Michael on the Keiser Report, discussing the role of finance in the EU debt crisis. How does Wall St and the IMF fit into the … Continue reading

Posted in Accountability, Audio/Video, Bankers' Bailout, Budget, Civil Disobedience, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, Geopolitics, Greece, History, Ideology, imperial, Independence/Nationalism, ireland, Superstate, War & Peace | Tagged , , , , , , , , , , , | Leave a comment

“Italy, Spain tumbling because 1 problematic structure (EFSF) conjured to prop up another (eurozone)” – Varoufakis


From Yanis Varoufakis – Why Italy? Why Spain? And why the EFSF’s size does not matter: Italy and Spain are tumbling because one problematic structure (the European Financial Stability Fund, the EFSF) has been conjured up in order to prop … Continue reading

Posted in Bankers' Bailout, Debt Default/Restructuring, ECB/IMF, Economy, ESM / European Stability Mechanism, EU, Greece, ireland, Italy, Spain | Tagged , , , , | Leave a comment

Update: The Panic of 2011 (2)


Irish Left Review, Michael Burke / Socialist Economic Bulletin – Panic on world markets: European (including British) stations are reporting the Wall Street-led declines as a response to the continued debt crisis in Europe. But this makes no sense. An EU … Continue reading

Posted in Bank Run, Bankers' Bailout, Breaking News, Budget, Debt Default/Restructuring, ECB/IMF, Economy, EFSF / European Financial Stability Fund, ESM / European Stability Mechanism, EU, Euro / Sovereign Money, Geopolitics, Greece, ireland, Italy, Spain, War & Peace | Tagged , , , , , , , , , , | Leave a comment

“In Greece, the ‘silent bank run’ goes on” – The Atlantic


Via Business Insider. Megan McArdle writes in The Atlantic – Is The Other Shoe Dropping In Europe?: In Greece, the “silent bank run” goes on: In one of the biggest banks in the centre of Athens a clerk is explaining … Continue reading

Posted in Action Stations, Bank Run, Bankers' Bailout, Civil Disobedience, Civil Rights & Liberties, ECB/IMF, Economy, EU, Euro / Sovereign Money, Greece, Solutions | Tagged , , | Leave a comment