Here’s “what for” for “austerity“… note well that “austerity” means “mucho pain for the working stiffs… gigundo gain for the affluent effluent”. Am I the only person to notice that “austerity” consists completely in cuts in services to ordinary people, but absolutely no increases in taxes on the One Percent? Perspirin’ minds wanna know…
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On Saturday, Moody’s lowered its assessment of the highest rating that it can assign to a domestic debt issuer in Greece by four points to Caa2, saying, “it’s due to the increasing risk of an exit by the country from the Eurozone”. Moody’s indicated that although the risk of a Eurozone exit by Greece is substantial, it’s still not its “central case” or most likely scenario, noting, “Following the 17 June Greek parliamentary elections, it’s possible that the risk of a Eurozone exit will increase further. If that were to occur, the maximum rating Moody’s would assign to Greek securities would fall further”.
The highest rating of any Greek security is now at B1. France’s Société Générale said that the possible loss of the Greece’s exit might amount to 360 billion Euros (15.09 trillion Roubles. 447.3 billion USD. 291 billion UK Pounds) or 3.8 percent of the Eurozone’s GDP level. Greece is trying to avoid default and withdrawal from the Eurozone by implementing an austerity program in exchange for multi-billion-dollar loans from the EU and IMF. Athens was planning further austerity measures to save some 33 billion USD (1.12 trillion Roubles. 26.6 billion Euros. 21.5 billion UK Pounds) through 2015. The country’s total debt has ballooned to 490 billion USD (16.53 trillion Roubles. 394.4 billion Euros. 318.9 billion UK Pounds).
2 June 2012
RIA-Novosti
http://en.rian.ru/world/20120602/173803869.html
Editor’s Note:
A good deal of the Greek debt was NOT for the social programmes excoriated by Neoliberal scummers. Rather, it was for arms that NATO demanded that Greece buy to “upgrade” its armed forces. This money went to Germany, France, and the USA… not to Greece. Puts a whole different face on the matter, doesn’t it? The rightwing slimers who’re screaming for “austerity” are the very ones who profited from the financial shell-game in the first place, and the Greeks didn’t benefit one busted sou. The very people berating the Greeks for being spendthrift are the very people who pocketed most of the profit from the Greek loans (Greek pols and landshark “capitalists” ate up the rest). That’s to say, the Greek people didn’t gain one measly farthing {it’s interesting to note that a British decimal penny’s worth is nominally 9.6 times that of the old farthing, but it only buys half as much… bozhe!: editor}, but they’re the ones expected to pay the full bill for Merkozy’s {a portmanteau of “Merkel” and “Sarkozy”… an illustration of pro-American Neoliberal running dog politics: editor} toot.
Crank, ain’t it? It’s not what you read in the corporate-financed media, is it? Now, I think that you can see why Greece’s leaning towards SYRIZA. Wouldn’t you?
BMD
Voices from Russia 
Major Collision in Northern Kosovo
Tags: Belgrade, Catherine Ashton, EU, EULEX, European Union, KFOR, Kosovo, Kosovo and Metohija, Kosovo Force, Kosovo Serbs, Kosovska Mitrovica, NATO, North Kosovo, political commentary, politics, Pristina, Serb, Serbia, UN, United Nations, UNMIK, Zvečan
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After clashes between NATO troops of the peacekeeping forces and Kosovo Serbs in the northern portion of the province, the situation remains tense, and KFOR helicopters patrol the area. In the village of Rudare (Zvečan municipality), the mood remains tense. Soldiers from KFOR blocked the road leading to the municipality of Leposavić. The Serbian newspaper Politika reported that elements of KFOR prowl the area. Two soldiers and at least four local residents were wounded in the skirmishes, although various sources reported that were more victims, and issued an appeal for blood donors. Some of the wounded were taken to hospital. According to Politika, Uwe Nowitzki, an official representative of KFOR, strongly condemned the clashes. He noted that the actions were very small-scale, but that it forced KFOR soldiers to “act in self-defence in accordance with the situation”. The authorities in the Serb community negotiated with KFOR command elements, after which local leaders called on people to behave peacefully, as the military was prepared to engage in hostilities.
There are conflicting reports on what happened in Northern Kosovo, some say that there’ve been searches of Serbian houses, KFOR soldiers roughed up women and children, and KFOR troops opened fire. VOR received confirmation of some details from an eyewitness, Milan Ezdič, chief editor of the website Срби на окуп (Serbs for Return), who said, “The hospital reported that one man was wounded by live ammunition. He has an in-and-out bullet wound and broken bones. KFOR troops shot another man in the head with a rubber bullet. I personally saw soldiers beat a Serbian woman from the village of Rudare. KFOR units searched a house, but it’s unclear what the elderly woman who lived there could do to attack the soldiers”. Ezdič told us that KFOR set up checkpoints in place of the Serbian barricades. Meanwhile, near the village of Rudare, the Serbs erected a new barrier with stones, and, in the northern part of Kosovska Mitrovica, they decided to block the movement of all vehicles of the international force.
On Friday, the Serbian National Security Council met in emergency session to discuss the situation in northern Kosovo and Metohija, resolving, “We call on the international mission, UNMIK, KFOR, and EULEX, to act in accordance with their mandates, to prevent all attempts of the provisional authorities in Priština to destabilise and intimidate the Serbian population of the region”. The Security Council also appealed to Kosovo Serbs to avoid conflicts and clashes with soldiers of the international forces, stating with some emphasis, “All problems must be solved through dialogue, without violence, and this is the only path to stability in the region”.
ITAR-TASS reported that the highest executive authority of the EU has already responded to the news of the clashes. Maya Kosânčič, the Press Secretary of EU High Representative of the Union for Foreign Affairs and Security Policy Catherine Ashton, said that the European Commission is “concerned about the situation in northern Kosovo, where there’ve been outbreaks of violence again. For us, freedom of movement is a key element in the dialogue between Belgrade and Priština. We’re closely monitoring the situation and are in contact with NATO and our international partners”.
2 June 2012
Timur Blokhin
Voice of Russia World Service
http://rus.ruvr.ru/2012_06_01/76750195/