GREECE NOW

I think, specially with Russia possibly waiting at the backdoor, offering support, Greece's position is so much stronger in
the long run, when stepping out of the snakepit called "eurozone". Now England is thinking about stepping out of it too.
Very interesting England... my heart-homeland



And finally, over to Reuters for a snap summary:
Greek lawmakers on Sunday authorised prime minister Alexis Tsipras’ proposed 5 July bailout referendum, setting Greece on course
for a plebiscite that has enraged international creditors and increased Greece’s chances of exiting the eurozone.

The government easily passed the 151-vote threshold needed to authorise the referendum, with deputies from the far-right Golden
Dawn voting with the government and pro-European opposition parties New Democracy, Pasok and To Potami and the KKE Communist
party voting against.

Greeks are due to vote on whether to accept or reject the latest terms offered by creditors to Athens in order to unlock billions of
euros in bailout funds.

European partners have reacted negatively to the announcement of the referendum. On Saturday, they rejected a request by Tsipras
to extend the current bailout in order to cover the period leading up to the referendum. The rejection means Athens is likely to default
on a key payment to the International Monetary Fund on Tuesday. So, what a day. Thanks for sticking with us. I’d better shut down now.
Back in the morning.

If you’re not already sated, check out Ian’s latest report. Goodnight! GW.

Source: http://www.theguardian.com/business/live/2015/jun/27/greek-crisis-mps-referendum-tsipras-eurogroup-ministers-live#block-558f1f26e4b0c9bda8d8a9da

Greece is on Fire

https://www.youtube.com/watch?v=CjaKyDMwR3M


Love Always
mudra

Greek bailout referendum: 'No' side celebrates decisive win
Government officials in Greece say new deal possible

Greeks voted overwhelmingly on Sunday to reject terms of a bailout, risking financial ruin in a show of defiance that could splinter Europe.

With nearly half of the votes counted, official figures showed 61 per cent of Greeks rejecting the bailout offer. An official Interior Ministry projection confirmed the figure as close to the expected final tally.

The astonishingly strong victory by the "No" camp overturned opinion polls that had predicted an outcome too close to call. It leaves Greece in uncharted waters: risking financial and political isolation within the euro zone and a banking collapse if creditors refuse further aid.

But for millions of Greeks the outcome was an angry message to creditors that Greece can longer accept repeated rounds of austerity that, in five years, had left one in four without a job. Prime Minister Alexis Tsipras has denounced the price paid for aid as "blackmail" and a national "humiliation".

Hundreds of Greeks began pouring into the central Syntagma Square in front of parliament to celebrate, after a week of building desperation as banks were shut and cash withdrawals rationed to prevent a collapse of the Greek financial system.

"This is an imprint of the will of the Greek people and now it's up to Europeans to show if they respect our opinion and want to help," said Nikos Tarasis, a 23-year-old student.

Officials from the Greek government, which had argued that a 'No' vote would strengthen its hand to secure a better deal from international creditors after months of wrangling, immediately said they would try to restart talks with European partners.

"I believe there is no Greek today who is not proud, because regardless of what he voted he showed that this country above all respects democracy," Labour Minister Panos Skourletis said.

"The government now has a strong mandate, a strong negotiating card, to bring a deal which will open new ways."

Referendum voters unclear on question or potential aftermath

But euro zone officials shot down any prospect of a quick resumption of talks. One official said there were no plans for an emergency meeting of euro zone finance ministers on Monday, adding the vote outcome meant the ministers "would not know what to discuss".

Many of Athens' partners have warned over the past week that a 'No' vote would mean cutting bridges with Europe and driving Greece's crippled financial system into outright bankruptcy, dramatically worsening the country's economic depression.

The result also delivers a hammer blow to the European Union's grand single currency project. Intended to be permanent and unbreakable when it was created 15 years ago, the euro zone could now be on the point of losing its first member with the risk of further unravelling to come.
Results seen as negotiating tool

"I believe such a result can be used as a strong negotiating tool so that Europeans can understand that we are not a colony," said Nefeli Dimou, a 23-year-old student in Athens.

The sticking points that scuppered Greece's bailout talks

Greek banks, which have been closed all week and rationing withdrawals from cash machines, are expected to run out of money within days unless the European Central Bank provides an emergency lifeline. Finance Minister Yanis Varoufakis is due to meet top Greek bankers later on Sunday and State Minister Nikos Pappas, one of Prime Minister Alexis Tsipras's closest aides, said it was "absolutely necessary" to restore liquidity to the banking system now that the vote is over.

However the European Central Bank, which holds a conference call on Monday morning, may be reluctant to increase emergency lending to Greek banks after voters rejected the spending cuts and economic reforms which creditors consider essential to make Greek public finances viable, central bankers said.

First indications were that any joint European political response may take a couple of days. German Chancellor Angela Merkel and French President Francois Hollande will meet in Paris on Monday afternoon. The European Commission, the EU executive, meets in Strasbourg on Tuesday and will report to the European Parliament on the situation.

"EU leaders must get together immediately, even on Monday. The situation is too serious to leave to finance ministers," said Axel Schaefer, a deputy head of the Social Democrat (SPD) group in the German parliament.

"You have to have confidence in the ability of the ECB to act. We must use all the possibilities in the EU budget to help Greece, which is still a member of the euro and the EU."

Uncharted waters for Greece

A 'No' vote puts Greece and the euro zone in uncharted waters. Unable to borrow money on capital markets, Greece has one of the world's highest levels of public debt. The International Monetary Fund warned last week that it would need massive debt relief and 50 billion euros in fresh funds.

Greek officials see the IMF report as a vital support for their argument that the bailout terms as they stood would merely have driven Greece further into depression.

Tsipras called the referendum eight days ago after rejecting the tough terms offered by international creditors as the price for releasing billions of euros in bailout funds.

He denounced the bailout terms as an "ultimatum" and his argument that a 'No' vote would allow the government to get a better deal appears to have convinced many Greeks, particularly among younger voters who have been ravaged by unemployment levels of nearly 50 percent.

"I have been jobless for nearly four years and was telling myself to be patient," said 43-year-old Eleni Deligainni, who said she voted 'No'. "But we've had enough deprivation and unemployment."

Opinion polls over the months have shown a large majority of Greeks want to remain in the euro.

But, exhausted and angry after five years of cuts, falling living standards and rising taxes imposed under successive bailout programmes, many appear to have shrugged off the warnings of disaster, trusting that a deal can still be reached.

http://www.cbc.ca/news/business/greek-bailout-referendum-no-side-celebrates-decisive-win-1.3139071

http://www.marketwatch.com/story/stop-lying-to-the-greeks-life-without-the-euro-is-great-2015-07-02

Lets hope now that the European Union's single currency project is "dead in the water".
____________________________________________________
As it is below; so it is above

http://www.zerohedge.com/news/2015-07-06/yanis-gone-now-troika-heads-must-roll

quote " Now that Yanis Varoufakis has resigned, in the kind of unique fashion and timing that shows us who the real men are, it’s time to clear the other side of the table as well. The new finance minister, Euclid Tsakalotos, should not have to face the same faces that led to Europe’s painful defeat in yesterday’s Greek referendum.

That would be an utter disgrace, and the EU would not survive it. So we now call for Juncker, Lagarde, Schäuble, Dijsselbloem, Draghi, Merkel and Schulz to move over.

It’s time for the Troika to seek out some real men too. It cannot be that the winner leaves and all the losers get to stay.

The attempts to suppress the IMF debt sustainability analysis were a shameful attempt to mislead the people of Greece, and of Europe as a whole. And don’t forget the US: Lagarde operates out of Washington.

It cannot be that after this mockery of democracy, these same people can just remain where they are. "
 end of quote .

So one  of the victors of the Greek referendum has quit the stage and the ones that caused this disaster for the EU are still there . Juncker, Lagarde, Schäuble, Dijsselbloem, Draghi, Merkel and Schulz should  move over.
Those people distinguished themselves  with  their incompetence . They thought that " austerity "
would help Greece recover from the inability to pay loans . Instead after 5 years of " austerity " the Greek national product lost at least 25 %  respect to the year 2008 .
So any watcher of the Greek situation would realize that " austerity " has been a disaster and the economy went backward  but  the so called unelected in charge of the EU Titanic did not think so , they believe in the Bull dung dogma that people read in the Economic textbooks .
The surprising thing is that the IMF operator Lagarde is still in the game of trying to load up a country that cannot pay the existing debt with more debt exended to infinitum so that the poor Greeks will be forever exploited by the banking criminals .
From this farce the EU and the Troika come out a lot diminished and their reputation is forever damaged . Thanks to the Greek referendum , now more people in member countries will understand that it is possible to challenge the status quo of this SICK Europe of the unelected traitors  .

https://www.youtube.com/watch?v=EiZnhuDWkd4
The above video lasts only 25 minutes and it is full of information .

Max Keiser , Stacy Herbert and Professor Steve Keen the author of debunking Economics discuss the Greek disaster .

Have you noticed that who decides the steps in the economic war against Greece are Angela Merkel and Hollande ? And strangely ? enough the banks who would be mostly damaged by the greek default are German and French !
Deutsche Bank is exposed to the tune of over 70 trillions ( = to 70,000 billions ) to toxic debt .
70 trillions is tens of times more than the German national product .

The two managing directors of Deutsche Bank have resigned recently . The whole of the EU might unwind after the Greek default !

It is actually a huge outrage because Germany has not paid the WWII compensation Greece is due

http://www.reuters.com/article/2012/06/20/us-greece-resistance-idUSBRE85J0OO20120620

The greek Nation recieved so much tech/portindusty/Powersrtations ect. from Westgermany, that theymade an offical contract in the 80th, that this war-repatriation is paid and void!!! Dunno know what got to the family on the tomatopatch over there... When there they had this loove touristsmoney/hate naziunforgivable platonism towards germans as pattern... Its DRAMA Babe!!!
geeks, eehhh Greeks love it...Your moment has come, Mr Tsipras, take back control of your country and leave the Euro – UKIP leader Nigel Farage in the EU parliament, July 8, 2015
NOW WE WANT WARCRIMES OF ISREHELL AND USA BEEING PAID BACK TO THE PEOPLE OF THIS PLANET!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Griechische Demokratie in ureigener Form. Die Entzauberung der Finanz-Nullen und der EU-Eurokraten und Nieten in Nadelstreifen hat ein psychologisches Ausmaß erreicht, dass man zurecht als “historisches Fiasko” bezeichnen kann.

DIE totalen Machtauflösung der selbsternannten Machtelite Europas zeigt zusammen, was ich seit Jahren in intimer Kenntnis der inneseelischen Dynamik der inkarnierten Persönlichkeit in der Endzeit immer wieder aufgezeigt habe. Und nun ist der Moment der Wahrheitsfindung gekommen und der Abgrund, der sich für Bänker und ihre Seelen-Vampire-Co da auftut, ist von erschreckender Tiefe. Es geht um nichts mehr und um nichts weniger als um das Auflösen des Orion Affentheaters auf diesem obersten Mutterplaneten und die Zurücknahme der meisten inkarnierten dunklen Seelenfragmente von dieser Realität durch Todeserfahrung. Aber erst nachdem sie ihre Schreckenserfahrungen in ihrer selbst-gebastelten Tragödie in der besten Sophoclesschen Tradition gemacht haben.

Der finale Akt des griechischen Drama hat sich vom der Wiege der abendländischen Zivilisation mit unfassbarer Wucht ausgebreitet und ganz Europa in Schrecken versetzt. Elektra muss Trauer tragen, denn die EU hat sich gestern selbst aufgelöst. Und nun für alle Menschen sichtbar, und sogar für die bis dato blinde Lügen-Presse, ist der Kabal-König nackt und die Menschen rufen aus: “Wollt ihr von solchen Nieten und Waschlappen regiert werden.”

Das Nachhallen dieses Ausrufs sind die berühmten Trompeten von Jericho, welche die Orion Matrix nun zum Stürzen bringen werden. Der abendländische Kontinent ist an seiner Unmündigkeit gescheitert und wird von seiner kindlichen Wiege – dem Mutterland der menschlichen Tragödie – verschlungen. Was für eine großartige Symbolik!

Nun ist die Zeit der PAT–Prometheuse gekommen, das Feuer der Läuterung und der Erkenntnis der neuen Menschheit zu bringen. Macht euch bereit!

quote from http://www.zerohedge.com/news/2015-07-08/germany-crushes-all-hope-greece-getting-debt-relief?page=1#comment-6285640

"As the Grexit debate is falling into the background a new, far more powerful conflict emerges: one between Germany on one side, and the IMF, France, Italy, and perhaps even the US, when it comes to the all important issue of debt relief.

As a reminder, it was the unexpected release of the IMF's debt (un)sustainability draft late last week (with US support over the vocal objections of Europe) that not only gave Tsipras a Greferendum win (he did not desire), but showed clearly that without a debt haircut of at least 30%, any Greek deal will merely lead to another, even more violent Greek default down the line.

Of course, it is not only Greece that needs debt reduction but so do all the other peripheral nations:

"

There is a schedule of Greek payments over the year
Have a look and observe for how long Greece is going to pay the ODIOUS DEBT . Permanent slavery is what France and Germany want so that their banks could be saved with the BLOOD of the greek people ,  Payments are scheduled until 2057  !!!!!!!!
Merkel Schouble and Hollande are certifiable INSANE !

Should have posted this earlier, but I just now remembered it, it's great to see what people virtually connected can achieve.


I believe Zeus threw a bolt and interfered

How #thisisacoup went viral

The call went out on Sunday afternoon. “Hi guys, this is an important message about Greece,” wrote an activist named Francesca in a text message
to 40 people, including members of Spain’s Indignado movement and leftist coalition party Barcelona en Comú.

She continued:

“These guys meeting now in the Eurogroup, they all have twitter handles, they deserve to be told by the world to do a deal with Tsipras and stop
trying to overthrow him,”

Minutes later, the hashtag #ThisIsACoup was born in Barcelona. It quickly shot to the top of trending lists around the world, including Germany and Greece, sparking a social media backlash against Germany and its finance minister, Wolfgang Schäuble, over the draconian list of demands being
forced on the Greek government in return for a third bailout.

The hashtag was first attributed to a physics teacher in Barcelona, who clarified on Monday that it was a collective campaign.

Shortly after, those behind the campaign published a declaration, explaining their motivations. “#ThisIsACoup may have started in Barcelona, but it resonated around the world because it expressed a common sense of impotence of citizens in the face of globalised financial powers,” they wrote.

“We decided to support Francesca’s call to launch an online campaign to support the democratic will of the Greek people in the face of extortion by
the EuroGroup in its negotiations with Syriza,” the statement continued.

“The scandalous Eurogroup proposals yesterday made last night the ideal moment to create a hashtag to express and, above all, coordinate, our outrage at the extortion the Greek government and its people were being subject to.”

The hashtag was a nod to the Egyptian hashtag #NotACoup, that trended in 2013.

“We’ve learned how to mobilize online from our counterparts of the Arab Spring and from our own experiences of occupying the squares of Spain.”


Source: http://www.theguardian.com/business/live/2015/jul/13/greek-crisis-tsipras-battle-bailout-deal-backlash-live#block-55a3bd30e4b05111b7559ea1

There is not the remotest prospect Athens can raise the money set out in the bailout terms,
even with the enforced sale of national assets
By Larry Elliott

Monday 13 July 2015 16.55 BST  Last modified on Monday 13 July 2015 18.18 BST  

Keynes never existed. The General Theory of Employment, Interest and Money was never written.
Economic history ended on the day Franklin Roosevelt replaced Herbert Hoover as president of the United States.

That’s the gist of the deal that keeps Greece in the euro, an agreement that will deepen the country’s recession, makes its debt
position less sustainable and virtually guarantees that its problems come bubbling back to the surface before too long.

One line in the seven-page euro summit statement sums up the thinking behind this act of folly, the one that talks about “quasi-
automatic spending cuts in case of deviations from ambitious primary surplus targets”.

Translated into everyday English, what this means is that leaving to one side the interest payments on its debt, Greece will have
to raise more in revenues than the government spends each and every year. If the performance of the economy is not strong enough
to meet these targets, the “quasi-automatic” spending cuts will kick in. If Greece is in a hole, the rest of the euro zone will hand it a
spade and tell it to keep digging.

This approach to the public finances went out of fashion during the 1930s but is now back. Most modern governments operate what
are known as “automatic stabilizers”, under which they run bigger deficits (or smaller surpluses) in bad times because it is accepted
that raising taxes or cutting spending during a recession reduces demand and so makes the recession worse.

George Osborne has seen it as his job to repair the hole in Britain’s budget deficit caused by the recession of 2008-09, but allowed the
automatic stabilizers to work when the economy was struggling in the last parliament. The chancellor’s new fiscal rules requiring the
Treasury to run a budget surplus will be suspended if the economy’s annual growth rate dips below 1%.

At the insistence of Berlin, this sort of flexibility is not going to be open to Greece. Angela Merkel and Wolfgang Schäuble, her finance
minister, have got everything they were seeking before Alexis Tsipras called the Greek referendum – and more.

Athens has been forced to accept the “streamlining” of its VAT system to raise more tax revenue. That means more goods and services
included in the 23% main rate of VAT. It has also dropped its resistance to immediate changes to the pension system, which will mean
higher health charges and an end to the solidarity supplement, a top-up payment to the poorest pensioners. The seemingly innocuous
pledge to “reduce further the costs of the Greek administration” means sacking civil servants employed since Tsipras was elected in January.

Go for a three-minute video analysis with Jonathan Freedland and Larry Elliott to the link below.

The pre-referendum terms have been made tougher, both through the “quasi-automatic” spending cuts and through the enforced sell-off
of Greece’s assets. Over the next three years, the expectation is that Greece will raise €50bn (£35bn) through privatizations, of which €25bn
will be used for the recapitalization of its banks. The other €25bn will be split evenly between repaying debt and for investment in the Greek
economy.

Greece, to borrow Harold Macmillan’s phrase, will be forced to sell off the family silver (along with the airports, the ports and the banks) to
pay for its bailout and to recapitalize its own banks. That’s the plan.

In truth, there is not the remotest prospect of Greece raising €50bn through privatisations in the next three years. The €50bn target was
first announced back in 2011, since when the value of the Greek stock market has fallen by 40%, making its assets far less valuable. In the
past four years, privatization proceeds have raised just over €3bn.

For the moment, Greece remains in the euro but it should be obvious by now that there are only two ways of resolving the crisis. The first is
to write off a large chunk of its debts. The other is to allow it to grow at a pace that allows it to service its debts. This deal offers neither.
Its one minor concession is that there will be talks about giving Greece longer to pay its debts provided it takes steps that are certain to
lengthen and deepen the recession. This is not a solution. It is a chink of light filtering through the bars of the debtors’ prison."

My thoughts, appalled by today's EU moves: Describing Greece receiving a chink of light, filtering through the bars of the debtors prison, is similar
to what I wrote in a comment, today, on Greece's fate now, in the Guardian: "It's like skinning a rabbit, promising it to keep it alive". It's becoming
very clear that the agenda of this third bailout package serves certain parties confirming Greece's role, although forced on in a way, staying in the
EU, as if they're the savior. How ironic and how evil really! I tend to think that the hour before dawn is the darkest hour of gloom.
Let's wait and see, if a sudden next step or measure, pops up and throws the whole deal of this third bailout in the mire where it belongs.
Joining the by law non-existent Eurogroup and the invisible money-antics, a banking system causing havoc on the entire planet, all around.


Source: http://www.theguardian.com/world/2015/jul/13/europe-greece-pushed-into-further-peril#comment-55626992

B.B.Baghor wrote:

My thoughts, appalled by today's EU moves: Describing Greece receiving a chink of light, filtering through the bars of the debtors prison, is similar
to what I wrote in a comment, today, on Greece's fate now, in the Guardian: "It's like skinning a rabbit, promising it to keep it alive". It's becoming
very clear that the agenda of this third bailout package serves certain parties confirming Greece's role, although forced on in a way, staying in the
EU, as if they're the savior. How ironic and how evil really! I tend to think that the hour before dawn is the darkest hour of gloom.
Let's wait and see, if a sudden next step or measure, pops up and throws the whole deal of this third bailout in the mire where it belongs.
Joining the by law non-existent Eurogroup and the invisible money-antics, a banking system causing havoc on the entire planet, all around.


Source: http://www.theguardian.com/world/2015/jul/13/europe-greece-pushed-into-further-peril#comment-55626992

Oh, lordy.  If it hasn't already...

Grexit or Jubilee? How Greek Debt Could Be Annulled

Ellen Brown, com

http://www.thetruthseeker.co.uk/?p=118638

quote " 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. "

This post is for those who can read French and Dutch:

Some parts I've translated and they're here:

"Unsustainable loans are laid upon the Greek people, just to save the German and French banks."

On June 17th 2015 the research-committee presents its first results to the Greek parliament.
"These debts are laid upon with lawless and evil methods in order to save the German, French
and Dutch banks, knowing that this will result in a social disaster" according Renaud Vivien,
Belgian member of the research-committee.

Lode Vanoost Tuesday June 16th 2015"

"While the Greek debt unto 2010 was mainly a matter of private sector, more defined: the banks,
the debt is since 2010 fully transferred unto the Greek government. By this move, the German,
French and Dutch banks were saved, landing into problems because Greek banks were unable to
pay their debts. That debt was by the European accord entirely transferred to the Greek govern-
ment and thus unto the population. In other words, the "solution" forced on Greece, has as its
only purpose, to save the creditors in Germany, France and Holland"

Source: http://www.dewereldmorgen.be/artikel/2015/06/16/onhoudbare-leningen-aan-grieken-opgelegd-alleen-om-duitse-en-franse-banken-te-redden

https://www.youtube.com/watch?t=33&v=x_Y3CUZUIN4



http://www.zintv.org/
http://cadtm.org/Francais

Greece To Surrender Gold, Real Estate, Utilities In Exchange For More Debt And Austerity

Germany’s announcement that it will not allow debt relief for the troubled EU nation will force Greece to auction off the last of its assets and sign over its remaining sovereignty to the EU bureaucracy.

Article via True Activist

For the last several years, Greece has been struggling to keep it together. In 2010, Greece was forced to ask for its first bail-out since it adopted the Euro less than a decade before.

The subsequent austerity programs decimated the Greek economy. Another bail-out was requested in 2012, which then caused major spikes in unemployment and an explosion of public discontent. Three years later, Greece defaulted to the International Monetary Fund (IMF), becoming the first developed country to do so.

Greece’s continuing crisis has caused much economic instability in the Eurozone, but – as Deutsche Bank Research analysts have noted – “we seem to be approaching the conclusion of this episode of the Greece saga.”

With the Greek economy still in ruins and its government still drowning in debt, the government in Athens seems to have few options left, leaving Germany – the EU’s most powerful member – to call the shots as a third bail-out looms. Bavaria’s Finance Minister, Markus Soeder, has announced that he plans to take a tougher stance on the bail-out’s negotiation compared to previous deals, stating that “New billions should only flow when Athens implemented all the reforms. Even then, however, aid should only be given against a pledge “in the form of cash, gold or real estate.”

Essentially, Greece must surrender its remaining assets of real, tangible value in exchange for more Euros to make payments on its massive debt that can never be repaid. Indeed, previous bail-out negotiations revealed that all of Greece’s public property was valued at € 50 billion, a figure which pales in comparison to the price of the necessary loans on debt payments forced upon it by prior bail-outs – an impressive € 90 billion. Despite the obvious fact that this debt is insurmountable for Greece – no matter how much austerity is imposed – all of this assessed public property was forced to be sold per the previous bail-out agreements.

This newest plan would take all that remains.

read on: https://wearechange.org/greece-surrender-gold-real-estate-utilities-exchange-debt-austerity/

Love Always
mudra

Exchange the countries gold for fiat currency???

That sounds like a great idea