Eurocracy

All roads continue to lead to Berlin, the powerhouse that runs and dictates Europe’s future. In this case, Berlin is spearheading an effort to keep Italy subjugated before an economic crisis (it’s already capitalizing off of) gets politically out of hand as it did in Greece, which is now a German vassal state. It’s Germany’s goal to create a United States of Europe and economic levers are but one tactic in harmonizing Europe how it sees fit in achieving that end.

 

https://www.german-foreign-policy.com/fileadmin/introduction/images/maps/3_europa/16_italien.gif

 

ROME/BERLIN (Own report) – Following massive complaints from Germany, Italy’s President Sergio Mattarella blocked a euroskeptic from becoming his country’s finance minister, appointing an IMF man – favored by Berlin – to be prime minister. The democratically elected 5-Star Movement (M5S) and the far-right Lega Nord majority’s opportunity to form a government was thereby denied. Euroskeptic Paolo Savona, a renowned career economist, was rejected because he could not have insured the maintenance of the EU’s common currency. Under his administration, resistance to Berlin’s austerity dictate could have been expected, whereas the newly appointed Prime Minster Carlo Cottarelli passed the test a few years ago as the Rome government’s austerity commissioner (“Mr. Scissors”). Savona’s nomination is the result of Italy’s growing euroskepticism, which, in the meantime, is also shared by other economists. “Germany profits, Italy loses” through the introduction of the euro, concludes Savona’s alternative candidate to the post of finance minister.

Continue reading

Greece warned Troika they are Playing with Fire

 

Greek Prime Minister Alexis is finally getting some backbone thanks to BREXIT. He has now warned the IMF and the German Federal Minister of Finance Wolfgang Schäuble and Merkel along with the Troika, that they should no longer “play with the fire” in the Greek debt crisis. The Troika’s demands have been an all or nothing approach to subjugate Greece. They have pushed Greece beyond human endurance and the EU will pay the price. Continue reading

Greece on ‘Explosive’ Path Inside Euro and EU

Shutterstock

 

Latest crisis could spark the end of the Eurozone.

Despite years of austerity and economic reforms, Greece cannot dig itself out of its financial hole all the time it is tied into the disastrous Euro currency. Continue reading

The EU’s crisis within a crisis

All eyes on Germany. It runs the continent and dictates how the game is played.

 

With Europe currently absorbed by the refugee crisis and, after the Paris attacks, its security implications, the Eurozone crisis, once considered an ‘existential threat’ to the EU, suddenly feels remote.

The EU’s capacity to respond effectively to the migration emergency in the coming months, however, is heavily conditioned by the legacy of the Eurozone crisis.

There are three parallels between the Eurozone and the migration crises: the hybrid nature of European governance structures that are little prepared to face up to major external challenges; the preeminence of Germany as a key player; and the important role of a peripheral country – Greece – as a conduit for an external challenge that is becoming an internal crisis.

These issues will determine whether and how the EU will overcome the refugee crisis. They are also, all the same, the areas in which the EU’s capacities have been most stretched by the Eurozone crisis. Continue reading

The Greek Elections Will Not Make A Difference

Alexis Tsipras hailed a victory for his left-wing Syriza party after winning a second general election in less than 9 months. However, the many Greeks I have met with say they expect nothing to change. Before the vote, I reported that the Greeks I spoke with said that they did not expect anything to change because the previous government never did as they said. Continue reading

Greece election: Alexis Tsipras is the clear winner but still needs coalition partner for Syriza

Expect Greece to be a complete vassal state now that Alexis has sealed victory.

 

The campaign was a cliffhanger, but Alexis Tsipras is celebrating a second election victory, won despite months of turbulence and a disastrous policy U-turn which saw him abandon his attempt to defy Brussels and instead sign up for another harsh Brussels bailout.

Despite a strong campaign by its new leader Vangelis Meimarakis, the conservative New Democracy party improved only slightly on its performance in January, and with 50 per cent of the vote counted, was trailing Mr Tsipras’s Syriza by 28 per cent to 35.5 per cent.

Continue reading

Goodbye Troika: Germany Rides Into Its Greek Colony On The “Quadriga”

From an outsider perspective, it looks like the new addition is because the IMF is headed by Christine Lagarde. Lagarde is an ally of the Obama administration and placed within the IMF by it. Wolfgang Schäuble probably couldn’t get the job done with 1/3 of the Troika being compromised by the IMF’s continued sympathy for Greece and now Berlin’s Fourth Reich has found a way around it. It’s unclear what role the ESM will exactly be playing, but time will tell.

 

https://i1.wp.com/www.zerohedge.com/sites/default/files/images/user92183/imageroot/2015/07/Quadriga.png

 

With creditors’ motorcades having officially returned to the streets of Athens in the wake of Greek lawmakers’ approval of the second set of bailout prior actions last Wednesday, tensions are understandably high.

After all, these are the same “institutions” which Yanis Varoufakis famously booted from Greece after Syriza swept to power in January, and they’ve come to represent the oppression of the Greek people and are now a symbol of the country’s debt servitude. Continue reading

Troika Returns To A Conquered Greece Amid Anger, Security Threats

“The letter has been sent,” a Greek government official told MNI on Friday, referring to a formal (if begrudging) invite from Athens delivered to the IMF and the rest of the dreaded troika.

The trio – comprised of the IMF, the ECB, and the European Commission – was famously booted from Greece in late January by a rambunctious Yanis Varoufakis who proclaimed that Syriza, which had just swept to power on an anti-austerity platform, didn’t “plan to cooperate with that committee.”  Continue reading

Was Greece Set Up To Fail?

Not only was Greece set up to burn and have an example made of it by Wolfgang Schäuble, according to former U.S. Treasury Secretary Timothy Geithner, the entire Euro was designed to fail. All roads are leading to Berlin and it’s Fourth Reich dominating the continent.

 

My ‘job’ here is by no means done, anyway. Because of the general strike today, another Solidarity Clinic that I wanted to donate some of your AE for Athens Fund money to, is closed (update on the Fund tomorrow). Parliament is debating the latest Troika strangle plan as we speak, and who knows what tomorrow will bring? An entire economy is being deliberately suffocated, and all in all it’s just total madness. Quiet madness, though (update: and then the riots broke out..).Two things I’ve been repeatedly asked to convey to you are that:

1) you can’t trust any Greek poll or media, because the media are so skewed to one side of the political spectrum, and that side is not SYRIZA (can you imagine any other country where almost all the media are against the government, tell outright lies, use any trick in and outside the book, and the government still gets massive public support?!),

and:

2) Athens is the safest city on the planet. I can fully attest to that. Not one single moment of even a hint of a threat, and that in a city that feels very much under siege (don’t underestimate that). And people should come here, and thereby support the country’s economy. Don’t go to Spain or France this year, go to Greece. Europe is trying to blow this country up; don’t allow them to. Continue reading

Greek crisis: surrender fiscal sovereignty in return for bailout, Merkel tells Tsipras

Are you starting to see the bigger picture yet? Yesterday it was Cyprus, today it’s Greece. Tomorrow it could be France, Italy and Spain.

 

You have not anchored Germany to Europe,… You have anchored Europe to a newly dominant, unified Germany. In the end, my friends, you’ll find it will not work.

– Margaret Thatcher

The Fourth Reich has landed.

 

German and French leaders press Greek leader for guarantees over austerity measures in what an EU official describes as ‘extensive mental waterboarding’

European leaders have confronted the Greek government with a draconian package of austerity measures entailing a surrender of fiscal sovereignty as the price of avoiding financial collapse and being ejected from the single currency bloc.

A weekend of high tension that threatened to break Europe in two climaxed on Sunday night at a summit of eurozone leaders in Brussels where the German chancellor, Angela Merkel, and President François Hollande of France presented Greece’s radical prime minister, Alexis Tsipras, with an ultimatum. Continue reading

Varoufakis’ Stunning Accusation: Schauble Wants A Grexit “To Put The Fear Of God” Into The French

When Greece is soon turned into a German vassal state, the Fourth Reich will then turn to France, Italy and Spain. If France is taken down, the rest could likely follow suit. Remember to keep your eyes on the bigger picture: A United States of Europe after each targeted country is broken and reshaped to fit the mold. Yesterday it was Cyprus, today it’s Greece and tomorrow could be France.

 

Earlier we reported that Yanis Varoufakis, seemingly detained by “family reasons” would be unable to join his fellow parliamentarians and personally vote in what is likely the most important vote of Syriza’s administration: the one in which he and his party capitulate to the Troika and vote “Yes” to the proposal he and Tsipras urged everyone to reject just one week ago.

Subsequently, it was made clear what these family reasons are:

The self-described “erratic Marxist” will be on the nearby holiday island of … Aegina. In fact, he Tweeted that he reason for his absence is “family reasons”. Nevertheless, two hours before his Tweet was posted, the once obscure academic was spotted on the ferry boat “Phivos”, headed for Aegina, where his wife owns a stylish vacation home.

The author of the “global Minotaur” nevertheless sent a letter to the Parliament president saying he would vote “yes” for the proposal, although the letter will not be counted, given that Parliament regulations stipulate that only deputies on official Parliament business are allowed to cast votes via correspondence.

Continue reading

Greece debt crisis: Athens accepts harsh austerity as bailout deal nears

Greek cabinet reportedly backs a package of reforms and spending cuts worth €13bn to secure third bailout and modest debt writeoff

The Greek government capitulated on Thursday to demands from its creditors for severe austerity measures in return for a modest debt write-off, raising hopes that a rescue deal could be signed at an emergency meeting of EU leaders on Sunday.

Athens is understood to have put forward a package of reforms and public spending cuts worth €13bn (£9.3bn) to secure a third bailout from creditors that could raise $50bn and allow it to stay inside the currency union. Continue reading

The Marxist face of the Greek crisis

Soviet bloc intel defector Pacepa says Athens’ money woes only part of problem

Greece said no to the European Union and blamed capitalism for its economic crisis. The winner was Greece’s Marxist Prime Minister Alexis Tsipras, who named his son Ernest as tribute to Marxist mass killer Ernesto Che Guevara.

The Greeks who voted for Tsipras were just as misinformed as were the Romanians in 1967 when they voted to bring to power another two-bit Marxist Dracula, named Ceausescu. I was one of them, and I will never forgive myself for that. In December 1989, 1,104 Romanians died in order to reverse that disastrous decision.

It took many years for my native Romania – and for me – to learn that Marxism leaves nothing behind but countries looking as though they had been devastated by a hurricane, with their leaders roasting in Dante’s Inferno. All Marxist rulers have inevitably ended up in Hell – all, from Trotsky to Stalin, Tito to Zhivkov, Enver Hoxha to Mátyás Rakosi, Sékou Touré to Nyerere and Hugo Chavez. All had their days of temporary glory, but all ended in eternal disgrace.

Continue reading

The Troika Turns Europe Into A Warzone

So now they do it. Now the IMF comes out with a report that says Greece needs hefty debt restructuring.

Mind you, their numbers are still way off the mark, in the end it’s going to be easily double what they claim. Not even a Yanis Varoufakis haircut will do the trick.

Why go through 5 months of ‘negotiations’ with Greece in which you refuse any and all restructuring, only to come up with a paper that says they desperately need restructuring, mere days after they explicitly say they won’t sign any deal that doesn’t include debt restructuring? Continue reading

Greece’s Yanis Varoufakis prepares for economic siege as companies issue private currencies

Greek finance minister says the country has a six-month stock of oil and four months of pharmaceuticals

Greece has stockpiled enough reserves of fuel and pharmaceutical supplies to withstand a long siege, and has set aside emergency funding to cover all the country’s vitally-needed food imports.

Yanis Varoufakis, the Greek finance minister, said the left-Wing Syriza government is still working on the assumption that Europe’s creditor powers will return to the negotiating table if the Greek people don’t agree to their austerity demands in a referendum on Sunday, but it stands ready to fight unless it secures major debt relief.

“Luckily we have six months stocks of oil and four months stocks of pharmaceuticals,” he told The Telegraph.

Continue reading