Tag Archives: Europe

Greek Default: What are the Options?

Do the Greeks deserve to be free from debt slavery?

As harsh as this simple question would be, this actually applies to everyone. The rulers of the world have their own doctrine, i.e. a presumption that people must be ruled before they kill themselves with their freedom.

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Greece @ Breaking Point; Grexit Will Trigger ECB Demise

Three days ago, Greece interior ministry admitted it won’t have money to pay its June obligations to the IMF. A sizable $1.8 billion needed to be raised and from the looks of it, nobody in the EU is willing to kick the can one more time.

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Euro Free Falling; Draghi is Dragged with it

Only recently, Draghi announced its 1.5 Trillion Euro Fed like quantitative easing, bond buying spree, and yet it falls below the bankers’ expectations. In fact, Denmark is now hyper-enticing the bond market by offering a subsidy to those who would buy these toxic derivatives.
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What You Were Never Told About Greece – Alexis Tsipras’ Open Letter To Germany

Alexis Tsipras’ “open letter” to German citizens published on Jan.13 in Handelsblatt, a leading German language business newspaper

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A Bunch Of Criminals

A while ago, ECB President Mario Draghi announced that the Eurozone will print more paper money to bail itself out. This would mean that the banks will continue to circulate worthless currency to keep itself afloat while the population doing the actual hard work is deceptively compensated by it.

No wonder bank CEOs are fattened with huge bonuses even at these trying times.

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The Importance Of The Cancellation Of South Stream

by Alexander Mercouris

The reaction to the cancellation of the Sound Stream project has been a wonder to behold and needs to be explained very carefully.

In order to understand what has happened it is first necessary to go back to the way Russian-European relations were developing in the 1990s.

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NATO Should Be Retired

All military installations, industries and personnel should be. This is the desire of the majority.

There’s absolutely no need for armies to preserve or expand boundaries. There’s enough for everyone and more.

And If there’s indeed democracy all over this planet then why is the voice of the majority of its people not being respected?

It is therefore our duty to uphold human dignity by going against the will of any state that is not in the service of its people.

NATO Should Be Retired, Not Repurposed!

Saturday, 06 September 2014 09:34 By Joseph Gerson, Truthout | Op-Ed

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When Economic Sanctions Backfire

The only other option is to trigger war, and that’s how a typical bully behaves.

Sanctions bite-back: Bickering, EU infighting over Russia retaliation

Published time: August 11, 2014 07:51
Edited time: August 11, 2014 10:55

There is growing dissent in the EU over policies that led to a de fact trade war with Russia. Meanwhile the countries not toeing the line are reaping the benefits, irritating those who jumped on the sanctions bandwagon.

China to start direct sales of fruit and vegetables to Russia

Poland asks US to buy apples banned by Russia

Greek members of the European Parliament demanded Sunday that the EU cancel sanctions against Russia. MEPs Kostantinos Papadakis and Sotiris Zarianopoulos said in a letter to some senior EU officials that Russia’s ban on food import from the EU, which was Moscow’s response to anti-Russian sanctions, was ruinous to Greek agriculture.

“Thousands of small- and middle-sized Greek farms producing fruit and vegetables and selling them primarily to the Russian market have been hit hard now as their unsold products are now rotting at warehouses,” the letter said.

The MEPs are representing the Communist Party of Greece and blame the EU leaders and their own government for supporting what they called “an imperialist intervention by the US, the EU and NATO” in Ukraine at the expense of good relations with Russia.

Greece is one of the EU members hit hardest by the Russian import ban, partially due to its economy still being in turmoil. Greek farmers stand to lose an estimated 200 million euro in direct damages due to Russia’s move, with more long-term consequences expected even if year-long ban is not renewed on expiry. The producers may find it very hard to win back the market share they had before the ban as non-affected countries would certainly weight in.

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Europe Furious That Putin Dares To Retaliate To Sanctions, Blames Economic Slide On Kremlin

Tyler Durden's picture

Either Europe is run by a bunch of unelected idiots, or… well, that’s about it.

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The Last Card

For months now, we are seeing events showing how desperate the Nazionists really are. Things might go to their worst before we can see the proverbial light at the end of the tunnel.

Days ago, we’ve read that US was deploying 3 B52 Stratofortress strategic bombers to UK. Now, it’s deploying its Stealth B-2 Bombers in Europe. NATO war games and other saber rattling were also conducted, or are still in progress.

They’re down to their last card.

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