EU warns of Armageddon if Greek voters reject terms

“Without new money, salaries won’t be paid, the health system will stop functioning, the power network and public transport will break down,” warns President of European Parliament

Greece risks a collapse of the medical system, power black-outs, and an import blockade, if the Greek people reject creditor demands in a make-or-break referendum tomorrow, the EU’s highest elected official has warned.

Martin Schulz, the president of the European Parliament, said the EU authorities may have to prepare emergency loans to keep basic public services functioning and to prevent the debt-stricken country spinning out of control next week.

“Without new money, salaries won’t be paid, the health system will stop functioning, the power network and public transport will break down, and they won’t be able to import vital goods because nobody can pay,” he said.

Greece: Watching the Wheels Come Off

• The Greek Coast Guard recently arrested a “refugee” coming from Syria, who had 200,000 euros in cash. Apparently this Syrian “investor” did not think that Turkey, Jordan or Lebanon — countries that border Syria — were safe for his “investments.” He preferred to deposit his money in Greek “zombie banks.”
• The network of Greek police officers and intelligence agents, cooperating with human traffickers from Turkey in transporting illegal migrants into Greek territory, had such access and influence that police officers and intelligence agents could be transferred from one city to another and from one department to another, to sideline honest officers who stood in the way.

When you visit Greece, the customs officers will put in your passport the stamp of the Greek Republic. You will see the Greek flag waving at Athens International Airport; taxis waiting for customers, gas stations still in operation and public infrastructure being kept at a mediocre level. This, however, is just an illusion. Greece is a collapsing country.

Greek debt crisis: Cash-strapped country runs out of money to pay public sector workers

GREECE’s public sector employees and suppliers have not been paid amid further signs the cash-strapped country’s bankruptcy is imminent.

As the country’s need for a bailout loan reaches crisis point, workers and business reliant on government funding have been left in a state of panic and confusion.

“We are now running one month behind on our salaries. Until only recently we were two months behind, and no-one would tell us if and when we would get our next pay cheque,” one employee at an institution funded by the government told the BBC.

François Hollande wants 75% company tax on salaries over 1m euros

French president François Hollande may have finally found a way to tax the really rich: by making their companies pay.

In a televised interview on Thursday night, he said he wants companies that pay their employees more than €1m (£840,000) to pay 75% tax on those salaries.