Tag Archive: greece

Greece is drawing up drastic plans to nationalise the country’s banking system and introduce a parallel currency to pay bills unless the eurozone takes steps to defuse the simmering crisis and soften its demands.
Sources close to the ruling Syriza party said the government is determined to keep public services running and pay pensions as funds run critically low. It may be forced to take the unprecedented step of missing a payment to the International Monetary Fund next week.

Greek deposits flow out of Greek banks, lowest in 10 years. Homelessness soars in UK. GDP final at 2.2%, the boost to GDP was Obamacare. NY Post reports that the stock market is rigged. US concerned about China’s banking system security, the can’t get through the encryption. Russian’s payment system will produce cards in December. Turkey continually takes freedoms away from their people. Kiev now receiving Bradley tanks from the US. Kiev bringing heavy artillery up to the contact line. New declassified report shows Israel has nuclear weapons. Airstrikes from Saudi Arabia/US continue against the Yemen people. Assad says US-coalition forces really not going after the terrorism in Syria.

All source links to the report can be found on the x22report.com site


No sooner than they were sworn in, Syriza came out swinging, asserting strong opposition to an EU statement blaming Russia for Saturday’s deadly attacks in Ukraine:
Alexis Tripras
The new Greek government has spoken out against the EU partners over the statement that lays the blame for Saturday’s fatal attack on the Ukrainian city of Mariupol on Russia. Hungary, Slovakia, and Austria voiced similar objections earlier.

The government, headed by Prime Minister Alexis Tripras, said in a press release on Tuesday that “the aforementioned statement was released without the prescribed procedure to obtain consent by the member states, and particularly without ensuring the consent of Greece.”

“In this context, it is underlined that Greece does not consent to this statement,” Tsipras added.

He voiced his “discontent” in a phone call to EU foreign relations chief Federica Mogherini.

Naturally, the EU insisted that Greece had not objected beforehand:


Following Syriza’s Greek election triumph, left-wing campaigners from Britain’s Trade Unionist and Socialist Coalition (TUSC) are set to hold a celebration and solidarity demonstration at the Greek embassy in London.


They will assemble at the embassy on Monday night to both celebrate Syriza’s victory and advocate anti-austerity measures in the UK.

“If they can vote against austerity there, we must provide an anti-austerity choice here,” the group has said.


The demonstration, however, comes as international investment firms express concern at the economic repercussions of Syriza’s accent.

TUSC aims to field 1,000 candidates in local elections and stand a further 100 for seats in Westminster in the 2015 general election. It claims that its election challenge will represent the biggest socialist challenge in Britain since 1945.

TUSC features a number of former Labour Party councilors who were suspended for their opposition to austerity measures, which are broadly accepted by the Labour leadership as necessary.

Dave Nellist, former socialist Labour MP for Coventry South East from 1983 to 1992, was expelled from Labour at a time when the party’s stance was shifting to the right.

READ MORE: ‘Monstrous democratic slap to EU’: Le Pen hails Greek anti-austerity party victory

One thing is suffering in humiliation another is to suffer with dignity

It has not been aputin chess good week for Greece: first we learned that its treasury has run dry as Greece have stop paying all taxes ahead of the elections (and likely after), making further reforms virtually impossible as the government simply does not have the cash to promote economic changes; then we found out that first two then all four of the largest Greek banks have submitted Emergency Liquidity Assistance requests to the ECB to preserve liquidity in light of a deposit run that is picking up pace. And yesterday, adding insult to injury, Spiegel leaked that while seeking preapproval from Merkel for his QE program to be announced next week, Draghi told the Germans that Greek bonds won’t be among the securities monetized by the ECB.
It almost makes the Greeks wonder what’s the point of staying in the Eurozone and keeping the Euro if all it leads to is 50% youth unemployment, 25% total unemployment, and unprecedented pain and suffering as a result of the internal devaluation that will continue indefinitely since Greece, courtesy of the Euro, is unable to engage in an external one.

And just to make things interesting, overnight Russia told a beleaguered Greece, and specifically its hurting farmers, that it “may lift its ban on food imports from Greece in the event it quits the European Union” according to Russian Minister of Agriculture Nikolai Fyodorov who spoke in Berlin on Friday.

Thousands of activists from Greece’s main left-wing opposition party Syriza demonstrated against austerity measures on Sunday in Athens as the government faced a no-confidence vote.

Police estimated the crowd at 2,000 protesters, while journalists and organisers said 5,000 came out in the Greek capital to call for the government to stand down. Banners read: “Go now” and “No to austerity policies”.


The demonstration took place as parliament debated a no-confidence motion introduced by Syriza.
The motion was presented after police cleared the former headquarters of the now-closed ERT state broadcaster of disgruntled employees who had been occupying it for five months.
Syriza said the no-confidence motion against conservative Prime Minister Antonis Samaras’s coalition government was over its “catastrophic policies”.


The government is considering new austerity measures with the troika of bailout lenders comprising the International Monetary Fund, the European Union and the European Central Bank.


The debate on the no-confidence motion began Friday and was due to end late Sunday. Syriza looked to have little chance of having the motion carried. Even with three other parties – the communist KKE, the populist Independent Greeks and the neo-Nazi Golden Dawn — voting with it, it would be 21 seats short of the 151-vote absolute majority needed.


Observers said there was little chance of ruling coalition MPs siding with the opposition.
“The no confidence motion from Syriza has strengthened us,” said Stavros Kalafatis, deputy environment minister.

With a Eurozone record of 27 percent of Greeks unemployed, people are taking a pro-active approach to the crisis. Activists from the ‘We Won’t Pay’ movement, which boasts 10,000 members, are illegally reconnecting power to hundreds of homes.

Tough austerity measures have left many people in Greece unable to pay their electricity bills. The ‘We Don’t Pay’ movement which has over 10,000 members helps many of those by illegally reconnecting power to their homes, despite legal action against them.

The movement has been gaining new support, despite being targeted by over a hundred law suits. The government warns refusal to pay fees and taxes will only starve Greece of money it needs to get out of debt.
(Just a word in your ear) “WE’RE NEVER GETTING OUT OF DEBT”


The French are out, they’re past masters at this, give support wherever you can, the Twitter hastag is #30s