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US prepares Maidan in Greece, attack on Russia, and can kill Tsipras
Victoria Nuland’s, Assistant Secretary of State for European and Eurasian Affairs, visit to Athens just after Ukraine makes it suppose, that the Ukrainian scenario of government dethroning and civil war is already orchestrated for Greece.
Greek rapprochement with Russia, which NATO is ready to wage war with, generates such a discontent of the US State Department, that the American authorities...
Goldman Sachs Faces Lawsuit Over Role Played in Greek Debt Debacle
Goldman Sachs, the Great Vampire Squid that helped oligarchs and corrupt politicians hide the debt central bankers say the Greek people owe, faces legal action over the role it played in the financial crisis.
The investment bank worked behind the scenes to ensure Greece followed strict Maastricht rules for eurozone membership, according to a former Goldman banker who advised indebted governments on...
BRICS Economic Agenda: Participants to Discuss Greek Debt Crisis
The Greek debt crisis, the expected lifting of sanctions on Iran and oil and stock market volatility will dominate the agenda of the BRICS summit which is opening today in Russia.
During their two-day meeting in Ufa, the leaders of Brazil, Russia, India, China and South Africa will discuss closer industrial, technological and financial integration of their countries within the five-nation bloc.
The...
Stunned Obama Flees To Pentagon After Receiving Putin “War Order”
The Ministry of Defense (MoD) is reporting today that this mornings “emergency activation” to immediate combat readiness status of the 102nd Military Base near Gyumri, Armenia (Caucasus region), is directly related to the 4 July “war order” issued by President Putin authorizing the sinking of the US Navy’s guided missile destroyer USS Porter (DDG-78) that just entered into the Black Sea...
Russia vows to help Greece overcome financial woes
Russian President Vladimir Putin has assured Greeks that he will support them in the financial hardships they face after the Greek people overwhelmingly voted “No” to further restricting terms of an international bailout program.
In a phone conversation on Monday, Putin discussed the results of a Sunday referendum with Greek Prime Minister Alexis Tsipras, voicing his support for the Greek...
US Preparing Coup to Prevent Greece from Falling Under Russian Influence
The United States and Germany are prepared to engineer a coup in Greece to keep the country operating as a strategic asset on NATO’s vulnerable southeast European flank.
“A putsch in Athens to save allied Greece from enemy Russia is in preparation by the US and Germany, with backing from the non-taxpayers of Greece – the Greek oligarchs, Anglo-Greek shipowners, and the Greek Church,” writes...
Grexit to Create Huge ‘Holes’ in German Budget
Finance Minister Schäuble earlier asserted that the Greek crisis will have no serious consequences for the federal budget. However, President of the German Federal Bank Jens Weidmann views the situation in a different way.
Greece’s withdrawal from the Eurozone is likely to create huge ‘holes’ in the federal budget planned by German Finance Minister Wolfgang Schäuble (CDU).
Last Wednesday,...
Greeks say 'No' in crucial Bailout Referendum
More than 61 percent of Greeks have voted “No” in Sunday’s referendum on the bailout deal and austerity measures, reported the Interior Ministry after almost 90 percent of the vote had been counted.
Thousands of people took to Syntagma square in front of the Greek parliament in Athens to celebrate the ‘No’ vote, which was called “a big Yes to democratic Europe” by the country’s finance...
Germany rules out Greek debt writedown
German Finance Ministry spokesman Martin Jaeger.
Germany has ruled out any restructuring of Greece’s debt to international creditors, despite a report by the International Monetary Fund (IMF) which shows the cash-strapped country is in dire need of debt cancellation.
An analysis by the IMF, which was released in Washington on Thursday, showed that Greece needed an extra EUR 50 billion (USD 56 billion)...
Bailout referendum rallies gather thousands in Athens
Two rival rallies took place in Athens on Friday. Police estimate that 25,000 came out to support the ‘No’ camp, which calls for the rejection of a new bailout deal with creditors in Sunday’s referendum, while 20,000 gathered to back the “Yes” vote.
Greece’s Prime Minister, Alexis Tsipras, who called the referendum last week to add more weight to his position in talks with creditors, addressed...
Greece after 5 years of belt tightening
The EU and its financial institutions have been pushing an austerity policy on Greece for the last five years. High unemployment, more taxes, billions of euros fleeing, and an increase in suicides mean Greeks on Sunday have to decide if enough is enough.
What happened?
In January, the left-wing Syriza party led by Prime Minister Alexis Tsipras promised to end years of austerity measures without leaving...
Greece becomes first developed nation to default on international obligations
The International Monetary Fund has confirmed that it didn’t receive the €1.6 billion payment from Athens that was due by the end of June 30, Brussels time, making Greece the first developed country to default on its international obligations.
IMF spokesman Gerry Rice said in a statement that Greece had asked for a repayment extension earlier Tuesday and that the fund’s board will consider...
Greece ready to accept all bailout terms
Greek Prime Minister Alexis Tsipras is ready to accept almost all the conditions proposed by the country’s international creditors at the weekend, marking the latest attempt to keep Greece in the eurozone.
The prime minister said he would accept all of the terms proposed with just minor exceptions. He agreed to the changes in the country’s value added tax system but asked to keep a special 30...
European banks lose €50 billion as Greek debt deadline nears
The market value of European banks has shrunk by more than €50 billion after Greece shut down its banks until July, 6, the day after the referendum on the bailout deal is held.
The Stoxx 600 Banks Index fell by 4.4 percent, the biggest daily decline since November 2011, Bloomberg reports. Among the biggest losers is Portugues Banco Comercial down 9.1 percent, and Italy’s Banca Monte dei Paschi...
Greek PM announces closure of banks and stock market
Greece has announced the temporary closure of banks and stock market as leaders of the US and Germany weigh in on the country’s debt crisis.
The Bank of Greece has recommended a “bank holiday and restriction of bank withdrawals” on Monday, Greek Prime Minister Alexis Tsipras announced in a statement on Sunday.
Athens stock market would also stay closed and capital controls are to...