GREECE has been told it must decide whether to accept the terms of an international bailout TONIGHT or risk imminent expulsion from the euro.
In a series of dire warnings to the crisis-ravaged country European leaders said time is running out to save its place in the single currency bloc.
Tonight Dutch prime minister Mark Rutte issued the most robust warning yet to the beleaguered country, telling it to agree to the bailout terms now or “it is over”.
Asked what would happen if Greek premier Alexis Tsipras tried to use last night’s referendum result to wrestle concessions other European countries, he replied: “Then I think it is over”. Continue reading
Although turbulent, you’re looking at the next superpower in a post-American world. Through the chaos, and as done with Cyprus, economic leverage is hammered into member states. Greece is only the next to fall in line. It was by design that the system would fail to shore everything up and create a United States of Europe.
The development of the EU Army is underway and not far behind. In a bigger picture perspective, not too many realize that it’s Germany pulling the strings via its Troika instrument. Some see the Troika, but not who’s behind it. The Fourth Reich has landed.
German Finance Minister Wolfgang Schäuble explained on Tuesday that Greece will remain in the euro, no matter how the referendum ends on Sunday. Two years ago, Mario Draghi commented on the continued existence of the euro by saying that the single currency was just irreversible. Angela Merkel delivered a very cold speech stating there are no known proposals that could lead to a common solution to the crisis. The USA position is of course that they want Greece to remain in the euro solely based upon NATO. Then there is the issue of throwing out Greece’s Finance Minister Yanis Varoufakis from any meeting. Why expel a finance minister? The reason may lie in a hidden scheme. Continue reading
What organisations are included?
The European Commission is an executive arm of the EU. It does the day-to-day work of implementing EU policies and spending EU funds. But it must still answer to the member states of the EU.
Germany is the EU’s largest economy and is perceived to have the final say on the Greek bailout.
Many people see the crisis with Greece, not so many see the danger to the global economy. Fewer people see Greece is being forced to its knees by Germany’s Fourth Reich running the EU and Troika. Even less people see the Euro was designed to fail and that a United States of Europe will be formed out of the intended chaos. You have to break nations, force them to capitulate and turn them into a vassal state before you can reshape them and fit into your desired plan. This is the goal of the crisis, as nations were purposely let in even though they were known to not be even close to eligible and that a future crisis would arise.
What’s taking place before your eyes is a new chapter in world history, as best described in the previous article:
I have plenty to say on the topic of this essay. But the most important thing I think is that I know the EU is blowing up itself by trying to exert far too much influence on the very member nations that made its existence possible. Brussels is a blind city. To see it blowing itself to smithereens makes me very happy.
The flipside is that it will take a lot of pain, and probably even the very wars the EU was originally founded to prevent, to figuratively burn it to the ground. But that, if you’ll alow me, is for another day:
Loads of good words published today on EC President Jean-Claude Juncker and the Greeks, and the crop gets creamier, there’s fake Nobles winners and all joining in, but this is not a new issue, guys, and the lot of you are quite late to the game. Continue reading
Because the article has so many good points, a majority of it will be left up, as has been done here in rare cases.
Courtesy of The Trumpet:
And why the euro is incompatible with democracy
European leaders are in a panic. Greece’s banks are closed. Experts warn the global economy is under threat. And it all hinges on Greece’s place in the eurozone.
Fears of rioting and mass panic, dormant since the Greek fires of 2008, are rising again.
It shows just how fragile the eurozone is. In April 2014, the Greek government was able to borrow money on the normal financial markets at the relatively high, but not appalling, rate of 4.95 percent. As far as lenders were concerned, the euro crisis was over. Greece was no longer dangling over the edge of a precipice. Instead, it could borrow money just like any other normal nation. Continue reading
Are you starting to see who has the most to lose in the Eurozone crisis? If so, you see why Greece might not go. If Greek can’t pay, the German banks cannot survive. Germany is also exposed to $72 trillion in derivatives whereas the nation’s GDP is roughly $2.7 trillion, to put it in perspective. The stakes are high and Greece might have the upper hand after all.
Head of Bundestag Committee on European Union Affairs predicts that Germany could lose billions of euros if Greece goes bankrupt.
Athens may not be able to return €80 billion of economic aid that it received from Germany in case of bankruptcy, Deutsche Welle wrote. Continue reading
And guess who’s pulling the strings? None other than Germany’s Fourth Reich that runs the Troika.
Greece’s Finance Minister Yanis Varoufakis has come out to reveal the quite shocking and anti-democratic events that took place during the last Eurogroup meeting. First, they do hate Yanis’ guts, for he understands far more about the economy than anyone in Brussels. At their demand, any further discussions will be without him. What led to the EU breaking off was exactly what we reported previously — they do not want any member state to EVER allow the people to vote on the euro. Brussels has become a DICTATORSHIP and is so arrogant without any just cause, believing that they know better than the people. Continue reading
From 2009 with huge relevancy to today’s times:
This magazine has been watching Joseph Ratzinger for a long time. As we have watched, we have followed his course from chief confidante of the late Pope John Paul ii, to his enthronement as pope, and then on throughout the past four years of his controversial papacy.
As we have watched this leading religious figure, we have monitored his involvement in a clandestine project of the Vatican that was documented in Bible prophecy almost 2,000 years ago and which remained a mystery until fully exposed within the last two decades. Now, in light of Benedict xvi’s visit to Israel in May, his first since being elected pope, it is crucial that the Vatican agenda for the city of Jerusalem be publicized.
Hushed About History
Back in the mid-1990s, a statement made by Pope John Paul ii during an interview in his native Poland, broadcast in Italian over a Polish radio station, was noted by one of our Italian associates. She sent us a transcript of the interview, which included one particularly startling reference by the pope regarding the Vatican’s ultimate goal of transferring its headquarters from Rome to Jerusalem.
After the United States is done suiciding itself and falls into the hands of the Sino-Soviet axis, here’s who your next world superpower is going to be in a post-American world. The Fourth Reich has landed and its EU Army isn’t too far behind. It just needs the loss of American supremacy, which is why kicking out NATO is key.
Does the latest Russian-German deal reflect the spirit of Molotov-Ribbentrop?
Russian state-owned gas giant Gazprom signed a deal June 18 to double the capacity of the Nord Stream gas pipeline that delivers Russian gas directly to Germany. The deal is a precursor to war.
Analysts are wondering: Why would Germany continue to work with Russia’s Gazprom when it is supposedly targeting Russia for its invasion and occupation of Ukraine?
When asked how he convinced Germany’s E.ON, Austria’s omv and British-based Royal Dutch Shell to do business with Gazprom, chief executive Alexei Miller said: “As far as Nord Stream is concerned—there was no politics at all. The decision was taken in November 2011, and all the work has been done based on the decisions taken three years ago.” Continue reading
And she’s right when she says Greece is enslaved. Proverbs 22:7 will tell you the borrower is slave to the lender. Both sides in this story are corrupt to high heaven as the German-dominated Troika is working to raid the coffers of Greek citizens and make Greece its next vassal state — like it did Cyprus. On the other side, you have Communists in power in Greece who are bent on remaining in power at all costs, even if it means throwing their national sovereignty under the bus or allowing Russia and China to colonize the country in order to bail them out, or both.
What we might be looking at in the near future is a violent overthrow of Greece’s leadership and an installation of a more EU friendly group, because it can’t win either way: Caving into the EU or selling out to the Soviet-Sino axis. The Greek people will not stand for either, and either way, they lose. The loans are also mathematically impossible to pay back.
Come June 30th, we’ll find out more.
Austerity measures for Greece demanded by international creditors are debt slavery, the leader of France’s right-wing National Front party said on Wednesday.
MOSCOW (Sputnik) — Athens is currently attempting to unlock financial aid from its primary international creditors to avoid a default on its multibillion-dollar debt. Its current bailout program expires on June 30. Continue reading
They all come close, but never precisely to the true endgame: The ECB is run by the Troika, which is run by Germany.
Almost every time you hear something about the Greek crisis, you’re going to hear either about the Troika (ECB/IMF/European Commission) and its components or Germany having its say in the situation. As with Cyprus, they want to create a vassal state out of Greece. We were told Cyprus was all about getting rid of corrupt Russian money laundering, etc. when it really wasn’t. What they had in mind was natural resources such as oil and gas within the area, plus a strategic military launching pad for the Middle East and Mediterranean region. Given that the Greek leadership doesn’t want to give up power, they will cave in and hand over more sovereign rights as well as the deposits of taxpayers.
When they’re finished with Greece they’ll move on to Italy, Spain and France who are facing a situation ten-fold worse. They will not stop until the entire European continent or whatever they can grab is under their control.
Last week, we showed a curious thesis by Goldman, which asked if there is a new and “ominous” development in European currency swings, namely the emergence of what may be a “under the table” fight between the ECB and the Bundesbank on which bonds to monetize.
This is what Goldman said then:the average maturity of ECB bond buying is around 8.0 years, in line with what Executive Board member Coeure said in his May 18 speech. However, while Italy and Spain see purchases that have an average maturity above that of the outstanding debt stock, Bundesbank buying has fallen short from the very beginning…. This kind of signal – from the key hawk in the Eurosystem – has the potential to undercut the credibility of ECB QE, since it weakens the portfolio balance channel.
After all, it was supposed to be low yields in core Europe into risk assets. If those yields now rise and become more volatile, such portfolio effects will be lessened.
Everyone says Germany is the main benefactor in all of this, but they continue to miss the bigger picture: All roads lead to Berlin as the Euro was designed to fail. It is devouring the continent and won’t stop at Greece. In no particular order, after Greece comes Italy, Spain and France. The German-dominated EU might be able to withstand a Greek collapse, but will not any one of the three mentioned or all combined.
Europe’s leaders must face the truth that the single currency now poses fundamental threat to global financial stability
There will be a temptation to gloat over the Greek crisis over the next week and a queue of people waiting to say “I told you so”. Both would be unwise.
In the six years from 2004, Greek output increased in nominal terms by 40 per cent, while government spending rose by 87 per cent and tax revenues rose by a mere 31 per cent.
The European authorities charged with overseeing the single currency should have acted then. Their failure to do so has been partly to blame for today’s crisis. Continue reading