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On Thursday, the national statistical service Elstat reported that unemployment in Greece beat the previous record by growing to 27 percent in November 2012. Young people were the hardest hit. Unemployment was at 61.7 percent amongst young people under 24 not studying in university. Greece is carrying out an austerity policy in exchange for loans from the EU and the IMF. Cutting budget expenditures resulted in a dramatic fall in the domestic GDP. Greece has been in the grip of recession for nearly six years.
14 February 2013
Voice of Russia World Service
http://english.ruvr.ru/2013_02_14/Unemployment-beats-records-in-Greece/
Editor’s Note:
THIS is what the Republican Party wants in the USA. They want assured dividends and profits for their fatcat supporters, with all the pain to go to the working class. That’s objectively evil… do mistrust all who march under the Republican banner, especially those who call themselves “Pro-Lifers”… they’re nothing of the sort. They’re all for shredding the social safety net and they support vile rightwing pigs such as Darrell Issa.
This cries out to heaven for vengeance…
BMD




Archbishop Chrysostomos of Cyprus Sez: “We Should Withdraw from the Union”
Tags: Archbishop Chrysostomos, Archbishop Chrysostomos of Cyprus, Christian, Christianity, Cyprus, Eastern Orthodox Church, ECB, economic crisis, EU, Euro, Euro Zone, Europe, European Central Bank, European Commission, European Union, Euroscepticism, Eurozone, IMF, International Monetary Fund, Italy, Orthodox Church in America, Orthodoxy, political commentary, politics, Portugal, Spain
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Archbishop Chrysostomos Demetriou of Nova Justiniana and all Cyprus said that his country should withdraw from the EU, as the EU would cease to exist in the future, as its coming apart. Vladyki Chrysostomos said in an interview with Pervy Kanal (Первый канал: Channel One), “Currently, the economies of Spain, Portugal, and Italy are in danger. If the Italian economy goes down, just like our economy, the EU won’t withstand it. The people who rule the EU, particularly, those making decisions in the so-called troika, don’t understand many things; that’ll lead to the collapse of the EU. This is why I believe we [Cyprus] should withdraw from the union before the collapse takes place”.
On Monday, the finance ministers of the 17-nation Eurozone agreed to a 10-billion Euro (399 billion Roubles. 12.9 billion USD. 8.5 billion UK Pounds) deal for Cyprus to rescue the island nation and its oversized banking sector from financial collapse. The new deal forces the holders of accounts of over 100,000 Euros (3.99 million Roubles. 128,400 USD. 84,300 UK Pounds) to take losses that could amount to 30 to 40 percent of their deposits. The ministers expect the new deal to yield some 4.2 billion Euros (137.5 billion Roubles. 5.4 billion USD. 3.5 billion UK Pounds) to allow Cyprus, which is currently teetering on the brink of default, to obtain 10 billion Euros in financial aid from the troika of international lenders. The so-called troika of creditors are the International Monetary Fund, the European Commission, and the ECB.
31 March 2013
RIA-Novosti
http://en.rian.ru/world/20130331/180359765/Archbishop-of-Cyprus-Says-His-Country-Should-Quit-EU.html