Tag Archives: greece

[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

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

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

“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

“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

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

Back where we started? Deal agreed at EU summit rests on some heroic assumptions (People’s Movement)


Back where we started? Euro-zone leaders took some measures last week to save their currency. But the deal agreed at the EU summit rests on some heroic assumptions. Moreover, with the confusion over figures and formulas that arose in its … Continue reading

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

Greece faces ‘massive loss of sovereignty’ – Juncker (Guest Post)


In return for the €12 billion released last week – the fifth payment from the €110 billion EU-IMF loan agreed last year – Greece will have to push through a swathe of privatisations reminiscent of the selling of East German … Continue reading

Posted in Bankers' Bailout, Budget, ECB/IMF, Economy, EU, Geopolitics, Greece, Privatisation | Tagged , , | 1 Comment

A spectre is haunting Europe – the spectre of democracy (Guest post)


All the powers of the European Union have entered into a Holy Alliance to exorcise this spectre: the European Council, Commission, Central Bank, Court of Justice, German Chancellors, French Presidents and national politicians who are prepared to do almost anything … Continue reading

Posted in Accountability, Bankers' Bailout, Budget, Debt Default/Restructuring, ECB/IMF, Economy, Elections, EU, Geopolitics, Ideology, Independence/Nationalism, ireland, Superstate | Tagged , , , , , , , , , , , , , | Leave a comment

“Euro Exit Strategy Crucial for Greece: new bailout about protecting banks, not people. Early default will change that” (Costas Lapavitsas/Guardian)


Costas Lapavitsas writes in The Guardian – Euro exit strategy crucial for Greeks: Greek default and exit has always been the most likely outcome of the eurozone crisis. The truth is that economic and monetary union has failed, not least … Continue reading

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

Greek Coup to force exit from Euro? (John Mauldin); “The euro will not exist in a year” (Charles Gave)


Via Business Insider (Economist Charles Gave: The Euro Will Not Exist In One Year! and MAULDIN: A Greek Coup May Be What Causes Greece To Leave The Euro); John Mauldin reports in his latest newsletter, Thoughts from the Frontline – … Continue reading

Posted in Bank Run, Bankers' Bailout, Budget, Civil Disobedience, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, Geopolitics, Greece, Independence/Nationalism, ireland, Quotable Quotes, Solutions | Tagged , , , , | 1 Comment

Dr. Thomais Kakouli-Duarte, Economist Constantin Gurdgiev, Marian Harkin MEP present analyses & solutions on NewsTalk


From Newstalk’s The Wide Angle with Karen Coleman: Dr. Thomais Kakouli-Duarte, President of the Hellenic (Greek) Community of Ireland 2006-2011, Secretary of the Greek Orthodox Community in Ireland 2006-present, Lecturer & investigator at Institute of Technology Carlow; Economist Constantin Gurdgiev; … Continue reading

Posted in Audio/Video, Auditing Committee, Budget, Debt Default/Restructuring, ECB/IMF, Economy, Euro / Sovereign Money, Geopolitics, Ideology, Independence/Nationalism, ireland | Tagged , , , , , , , , , , | 1 Comment

“Greece’s euro exit can now only be a matter of time” (Samuel Brittan – Financial Times)


From the Financial Times, Samuel Brittan writes – Greece’s euro exit can now only be a matter of time: If something is unsustainable it will not be sustained. But it still might be kept going for quite a long time… … Continue reading

Posted in Debt Default/Restructuring, ECB/IMF, EU, Euro / Sovereign Money, Geopolitics, History, Independence/Nationalism, Solutions | Tagged , , , | Leave a comment

“Greece – It’s all about bailing out French and German Banks… Ireland is waiting for an excuse to claim it was pushed.” (David Malone)


From David Malone – author of The Debt Generation – Greece; It’s all about bailing out French and German Banks: When the Greek debt crisis first surfaced it could have been dealt with as a crisis in Greece. Granted Ireland … Continue reading

Posted in Bankers' Bailout, Budget, Civil Disobedience, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, Geopolitics, Independence/Nationalism, ireland, Solutions | Tagged , , , , , , | 1 Comment

“The World from Berlin: Politicians ‘Are Lying Through Their Teeth’ on Greek Aid” (Spiegel)


From Spiegel Online – The World from Berlin; Politicians ‘Are Lying Through Their Teeth’ on Greek Aid: Germany is prepared to help Greece, but only if private creditors are involved in any new bailout plan. The European Central Bank, however, … Continue reading

Posted in Accountability, Bankers' Bailout, Budget, Civil Disobedience, Debt Default/Restructuring, Debt for Equity, ECB/IMF, Economy, EU, Euro / Sovereign Money, Geopolitics, ireland | Tagged , , , , | 1 Comment

“ECB President Trichet Praised Ireland as the Model for the EU to Follow” (William K. Black)


Via the Exiled, William K. Black writes at New Economic Perspectives – ECB President Trichet Praised Ireland as the Model for the EU to Follow: Ireland is not like Greece. It ran a budgetary surplus during its boom. It privatized … Continue reading

Posted in Bankers' Bailout, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, Geopolitics, Housing Bubble, Ideology, Independence/Nationalism, ireland | Tagged , , , , , | Leave a comment

More European Systemic Banking Crisis (2)


 Spiegel – Politicians ‘Are Lying Through Their Teeth’ on Greek Aid Mish – Open Revolt Against Trichet: German Politicians Demand “Private Creditor Involvement”; Finland Support for Bailout Vanishes New York Times – Merkel Warns Against Inaction in Debt Crisis Wall … Continue reading

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

“A nation that gives up its sovereign currency by joining the euro gives up the three most effective means of responding to a recession.” – Bill Black


Via Politics.ie – Bill Black [Associate Professor of Economics and Law at the University of Missouri-Kansas City… white-collar criminologist… former senior financial regulator, and the author of The Best Way to Rob a Bank is to Own One] writes at … Continue reading

Posted in Accountability, Bankers' Bailout, Budget, Debt Default/Restructuring, ECB/IMF, Economy, Elections, EU, Euro / Sovereign Money, Geopolitics, Housing Bubble, Solutions | Tagged , , , , , , , , , | Leave a comment

“The European problem is way beyond Greece… we’re probably going to have to restructure Ireland and restructure Portugal.” (Bloomberg)


Pay no attention to that Varadkar behind the curtain! Via Bloomberg – Problems Go ‘Way Beyond’ Greece: “The European problem is way beyond Greece,” Fink said in the interview in Hong Kong. “Greece is the most immediate problem. I find … Continue reading

Posted in Debt Default/Restructuring, ECB/IMF, Economy, ireland | Tagged , , , , , , , | Leave a comment

Euro default “inevitable”: Former Bank of England Monetary Policy Committee member Blanchflower


From Robert Miller at the Telegraph – Blanchflower: A euro debt default ‘inevitable’: Former Bank of England Monetary Policy Committee member David “Danny” Blanchflower tells Robert Miller that a failure by the ECB to tackle the debt problems in the … Continue reading

Posted in Budget, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, ireland, Solutions | Tagged , , , | 1 Comment

UPDATE – “Greece is considering withdrawal from the Euro-zone”: Der Spiegel


Ta-dahhh! Nasdaq – EU’s Juncker: Greece Needs Further Adjustment Program Mission Accomplished! ZeroHedge – Greece Update ZeroHedge – Official Greek Response To Der Spiegel Article ZeroHedge – Here Is Why A Voluntary Greek Restructuring Makes No Sense Via ZeroHedge; Der … Continue reading

Posted in Breaking News, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, Geopolitics, Independence/Nationalism, Solutions | Tagged , , | Leave a comment