Voices from Russia

Friday, 26 June 2015

26 June 2015. A Greek View of the IMF/EU Bankster Racketeering Against Greece

Barbara-Marie Drezhlo. Greece's Golgotha. 2012

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Non-acceptance of equal measures by the IMF offered by the Greek government, can only mean one of two things… either the IMF isn’t sincerely interested in a solution to the Greek “problem” or they’re catering to specific interests. If a deal isn’t reached, Greece won’t proceed with the payment to the IMF at the end of the month.

Hellenic Prime Minister Alexis Tsipras

This follows Laggard’s comments that the Greek proposals are “not acceptable” as they don’t cut jobs and reduce salaries, but are aimed at the more wealthy in Greek society. Is there a clearer sign as to the motives of the élite?

Emilios Georgiades

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

Friday, 30 January 2015

Greece won’t Cooperate with “Troika”, Rejects Aid Extension

00 Vladimir Kremlyov. Greek Debt. 2012

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The new leftist Greek government said that it won’t cooperate with the “troika” of international lenders, and that it doesn’t plan to seek an extension for its aid package, which is set to expire at the end of February. Without the aid, Greek banks could face a shutoff of European Central Bank funding. On Friday, Greek Finance Minister Yanis Varoufakis held a joint press conference with Jeroen Dijsselbloem, head of the Eurozone finance ministers’ group. Varoufakis said, “This position enabled us to win the trust of the Greek people. Our first action as a government won’t be to reject the rationale of questioning this programme through a request to extend it. We respect institutions, but we don’t plan to cooperate with that committee”. The meeting between Varoufakis and Dijsselbloem is to lay the groundwork for visits by newly-elected Prime Minister Alexis Tsipras and Varoufakis to London, Paris, and Rome next week. The new Greek leadership stated its intention to attempt to loosen the terms of the massive 240 billion Euro (19 trillion Roubles. 1.7 trillion Renminbi. 16.8 trillion INR. 270 billion USD. 343 billion CAD. 348 billion AUD. 180 billion UK Pounds) bailout. The new government fuelled panic among creditors and investors by promising to freeze privatisations and rehire state workers, in addition to rolling back other austerity measures mandated by the bailout.

30 January 2015

RT

http://rt.com/news/228031-greece-troika-varoufakis-bailout/

Monday, 5 January 2015

Die Linke Slams Merkel Government… Accuses It of Blackmailing Greece

Barbara-Marie Drezhlo. Greece's Golgotha. 2012

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Bernd Riexinger, co-leader of Die Linke, accused the Merkel government of blackmailing Athens and of deliberate attempts to destabilise the situation in Greece. His comments followed an article in Der Spiegel stating that Bundeskanzlerin Merkel and Finance Minister Wolfgang Schäuble no longer ruled out the possibility crisis-stricken Greece might leave the Eurozone. Riexinger said in an interview to Handelsblatt-online, “With this lack of tact, the government may set off a bomb that may aggravate the crisis in Greece. This kind of open blackmail destabilises the situation in the run-up to elections”. He argued that such media releases might trigger massive withdrawal of cash by retail clients form bank accounts. Riexinger said, “That’s organised irresponsibility”. Der Spiegel quoted government sources as saying that the German authorities believed that Athens’ withdrawal from the Eurozone would be almost inevitable if Greece halted the policy of austerity and public spending cuts after the upcoming 25 January parliamentary election.

5 January 2015

ITAR-TASS

http://itar-tass.com/en/world/770348

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