Voices from Russia

Sunday, 15 February 2015

“Grexit” Could Cause EU Collapse

Barbara-Marie Drezhlo. Euroised Greece. 2012

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American economist Barry Eichengreen warned that the consequences of a Greek exit from the Eurozone could be devastating, and that the governments of the monetary union are taking the possible repercussions too lightly. In an interview with Die Welt am Sonntag, Eichengreen, UC Berkeley Professor of Economics, said that the consequences “would spread to other countries. When a Portuguese family or Spanish businessperson sees that Euros have been converted into drachmas, they’ll take their money out of their accounts. That could lead to a run on the banks”. Eichengreen continued that this scenario would snowball, “investors would speculate on the next candidate to leave the Eurozone”, thus endangering the entire Euro project. He also thinks that financial markets are also guilty of miscalculation, with share prices giving an overly positive picture. “My experience as an economic historian has taught me that markets always look relaxed, until suddenly… they aren’t. From the banking crisis of 2008 to the emerging markets crises of the 1990s, anybody can take their favourite financial crisis and discover that markets are really not a good crisis indicator. In the run-up to the crash, the players were always too relaxed for too long, and then later fell into a complete panic”. Eichengreen believed that the new Greek government should be given more time, “They should be given some breathing space, which is also in the interests of their creditors. I’d be in favour of tying interest payments on the borrowing to economic growth. Only when the Greek economy grows, should the country pay interest, otherwise the payments will simply be deferred. The Euro is of great symbolic and geostrategic worth for Europe”. He added that such an eventuality on the economic front would also have consequences for the West in terms of the European geostrategic situation. He observed, “The West hardly wants Russia to be able to position itself as a saviour, and become involved”, adding that this would have “dramatic consequences” for NATO.

15 February 2015

Sputnik International

http://sputniknews.com/europe/20150215/1018299307.html

Monday, 9 December 2013

Hundreds Mark Anniversary of Fatal Police Shooting in Athens

00 Greek protestors. Athens. 09.12.13

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Editor’s Note:

All the usual suspects in the Western media “blame Greece” for its present predicament. No one mentions the crook politicians from ND and PASOK who’re getting off scot free. No one mentions the Greek oligarchs with billions in offshore accounts. The amount of theft by politicians and tax evasion by the Affluent Effluent was overwhelming, even by the lofty standards set by the US Congress (the world champs of corruption, bar none, for decades, with no challenger yet in sight). Of course, the rich partied… the ordinary folk foot the bill… that’s the way of it in crapitalism. It’s soulless and corrosive godless greed of the worst possible sort… often, winked at by clergy, sadly enough. The support of “Free Enterprise” by the Lukianovtsy and the Potapov circle isn’t godpleasing… God DOES see and He DOES judge. The mill of Divine Justice grinds slowly, but it grinds exceedingly fine, indeed.

“They killed little Sara. This is what the Troika means”. If you support Austerity for the Little Folks, the Tea Party, or Free Market Crapitalism, you spit on the Lord Christ… no two ways about it. “They all had faces… they all had names. No one is forgotten… nothing is forgotten”… remember Sara every time you hear a rightie gasbag bloviate… close your heart to pity, close your ears, and oppose them with all your might. Such slimers don’t deserve the time of day…

BMD

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On Friday, police clashed with demonstrators in central Athens as thousands attended rallies to mark the fifth anniversary of a fatal police shooting of a teenager… a killing that triggered major riots in Greek cities for three weeks. Police sources said that the clashes on Friday injured four cops; they arrested 17 people for causing public disturbances, and detained a further 184 people for questioning. Several hundred youths hurled rocks and petrol bombs at police, burned two cars, and set fire to piles of garbage, after about 5,000 protesters held two separate marches. Police used tear gas, pepper spray, and stun grenades against the rioters. Alexis Grigoropoulos, 15, died on the night of 6 December 2008, when a policeman fired his gun following an argument in the centre of the capital. Within hours of the boy’s death, thousands of youths took to the streets across the country. The riots that ensued were Greece’s worst in decades, seeing buildings and shops on major streets burned and looted in the capital. The riots occurred a year before Greece plunged into financial crisis, and protesters at anniversary events opposed the government and the “troika” of bailout inspectors from the EU, the European Central Bank and the IMF. Police remained on alert in several cities across Greece, including Athens, where they expect more protests Friday night.

In Thessaloniki, Greece’s second largest city, demonstrations coincided with the funeral service for a 13-year-old Serbian girl… known only by her first name, Sara… found dead over the weekend. That happened after her unemployed mother tried to use a barbecue grill to heat their home, after they had their electric service disconnected. A medical examiner said that the girl died of carbon monoxide poisoning. Protesters gathered outside the church where the service was held, and chanted, “They killed little Sara. This is what the Troika means”.

6 December 2013

Elena Becatoros

Florent Bajrami

Associated Press

http://news.yahoo.com/hundreds-mark-anniversary-fatal-police-shooting-203119831.html

 

Sunday, 31 March 2013

Archbishop Chrysostomos of Cyprus Sez: “We Should Withdraw from the Union”

01a Chrysostomos Kirill 01.11

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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

 

Saturday, 10 November 2012

10 November 2012. Greece Replies to the Banksters and Bain Capitals of this World

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You can stand with the Greek people or you can stand with Willard Romney and Paul Ryan. You can stand for the rights of the ordinary workin’ stiff, or, you can stand for soulless Capital and godless greed… it’s your choice.

BMD

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