troika
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All In By S.Artesian
Greece is structurally incapable of retiring its debt in the next ten, twenty, or thirty years. Greece is structurally incapable of generating sufficient revenues, no matter what level of austerity is applied, to meet more than a fraction of the costs of the “plan of four pillars.” Continue reading
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Video: Debate Rages in SYRIZA Over Austerity Plan
During the early hours of Saturday morning, the Greek Parliament passed the motion by a majority vote of 250 – 300, but Dimitri Lascaris says this is one of the worst political debacles in modern European history (inc. transcript). Continue reading
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Prime Minister Tsipras’ Bailout Reform Package: An Act of Treason against the Greek People By Prof Michel Chossudovsky
Tsipras led the “NO” campaign while having already decided that in the wake of the Referendum, he would say YES to the creditors and cave in to their demands. This is tantamount to an Act of Treason. Continue reading
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Get Ready By S. Artesian
So now what happens? First, the struggle is now as it always has been– extra-parliamentary. Golden Dawn has been expanding and consolidating its extra-parliamentary gangs, and extra-parliamentary activity– everything from collecting “protection” money to providing medical treatment for Greeks only– throughout the memorandum period. Continue reading
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Greek government approves brutal austerity measures in proposal to EU By Alex Lantier
Greece’s Syriza-led government agreed to a massive new €13 billion (US$14.34 billion) package of austerity measures yesterday evening, less than a week after Sunday’s landslide “no” vote in a referendum on European Union (EU) austerity. The proposal would be the deepest package of cuts since the EU austerity drive began in Greece in late 2009.… Continue reading
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Euro zone summit rejects emergency funds for Greece, issues austerity ultimatum By Barry Grey and Chris Marsden
Leaders of the 19 euro zone countries on Tuesday rejected appeals from Greek Prime Minister Alexis Tsipras for “bridge” loans to avert a collapse of the Greek banking system. Instead, they gave the Syriza-led government two days to submit a plan for the implementation of austerity measures decisively rejected by Greek workers and youth in… Continue reading
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Greece’s Sovereign Debt Crisis: “The Losers are the Looters”. Washington Intent Upon Blocking a Greek Exit By Dr. Paul Craig Roberts
The Greek referendum, in which the Greek government’s position easily prevailed, tells the troika (EU Commission, European Central Bank, IMF, with of course Washington as the puppet master) that the Greek people support their government’s position that the years of austerity to which Greece has been subjected has seriously worsened the debt problem. Continue reading
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Planned US Coup in Greece? By Stephen Lendman
Washington’s geopolitical strategy when bullying fails is either assassinating independent leaders, color revolutions, military coups or naked aggression. Continue reading
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Between Berlin and a Hard Place: Greece and the German Strategy to Dominate Europe By Andrew Gavin Marshall
As the United States and the rest of the world would learn, the European strategy for the debt crisis that began in Greece and spread across the eurozone would be dictated by Germany, “the undisputed dominant power in Europe.” More than five years later, the Americans are still pressuring the Europeans to resolve their debt… Continue reading
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GREECE’D: We Voted ‘No’ to Slavery, but ‘Yes’ to Our Chains By Yves Smith
As this article describes, the cheerleaders over the Greek referendum last weekend has badly misread the game in play. Tsipras is now working on a coalition basis with all parties save Golden Dawn, which means firmly pro-Eurozone parties such as To Potami and New Democracy. And as he and other party leaders promised in the… Continue reading
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Greece Rejects the Troika By Michael Hudson
European Commission President Jean-Claude Juncker threatened to expel Greece from Europe, despite no law permitting this to occur. Let us see now whether he still tries to carry out his bluff, which has been echoed by right-wing leaders throughout Europe. Continue reading
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We Interrupt This Referendum, Part 1 By S. Artesian
Here’s all we need to know about the difference between voting “???” or “???” on the referendum in Greece: a “no” vote means, in the words of the current prime minister, “I can assure you that the next day, I will be in Brussels and there will be a deal;” a “yes” vote means that… Continue reading
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Tsipras’s Surrender Rejected As Berlin Pushes For Regime-Change In Greece By Chris Marsden
Just how far Tsipras was prepared to go was made clear in a letter sent Tuesday to the heads of the EU, ECB and International Monetary Fund. In return for a two-year €30 billion loan from the European Stability Mechanism, he was prepared to accept all of the institutions’ basic demands. He only requested a… Continue reading
The New Dark Age 