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If Greece continues with austerity, it would be depression without end As the Greek saga continues, many have marveled at Germany’s chutzpah. It received, in real terms, the largest bailout and debt reduction in history and unconditional aid from the U.S. in the Marshall Plan. And yet it refuses even to discuss debt relief. Many, too, have marveled at how Germany has done so well in the propaganda game, selling an image of a long-failed state that refuses to go along with the minimal conditions demanded in return for generous aid.

It was a weekend in which, according to traders, Greece facing an "absolutely final" was going to be saved. Instead, it may go down in history as the weekend in which the Eurozone finally split and its long-overdue disintegration began. After yesterday's dramatic report that Germany, together with 5 other nations, are contemplating a "temporary" 5 year Grexit, it started to become clear that Schauble does indeed want to make an example of Greece (perhaps for France and Madame Frexit, perhaps for the rest of the European periphery where the recovery is so "strong", record youth unemployment still assures...

Germany has reportedly began preparing for Greece to be rejected from the eurozone, as the European Union faces less than 24 hours to save the country from collapse. Greece failed to give its creditors in the 19-country eurozone proof that it can deliver on its promises to implement tough austerity and reform measures in return for billions more in bailout money. Finance ministers canceled a European Union summit meeting Sunday in an effort to do everything it takes to get a deal done or to decide to eject Greece from the eurozone. Should a deal fall through, The Telegraph reports...

Iran's foreign minister, Javad Zarif, has written an op-ed in the Financial Times which sets forward a distinct sequence for ostensibly resolving the daunting security challenges of the Middle East. First, the P5+1 - the group of powerful nations negotiating with Iran - should come to a deal over its nuclear program. As a result, he argues, Tehran will "open new horizons" and join "the international battle" against "the increasingly brutal extremism that is engulfing the Middle East." The idea that Iran is a partner in the fight against terrorism is not only disingenuous but also absurd. What Zarif is...

Now many of you are familiar with Milo Yiannopoulos. Many of you are not. You need to fix that about yourselves. As an openly gay man living in London, he’s also capable of verbally expressing his anti-authoritarian, freedom-centered principles better than our talking heads this side of the pond. Unshackled by the chains of political correctness, Milo really does offer a refreshing, challenging and wildly entertaining interview here. Also, for the first time, there’s an extended additional 45minute interview too raw for terrestrial radio! The guy deserves some support. Truly awesome.

Crowder interviews Milo Yiannopoulos - very impressive!

: Infectious Diseases Society of America Date: 2005-12-15 New Study Identifies Louse-borne Diseases That Ravaged Napoleon's Army Using dental pulp extracted from the teeth of soldiers who died during Napoleon’s disastrous retreat through Russia in 1812, a new study finds DNA evidence that epidemic typhus and trench fever ran rampant among the French Grand Army. The study, published in the Jan. 1 issue of The Journal of Infectious Diseases, now available online, identifies the specific species of louse-borne pathogens that were a major cause of death among the remains of the retreating army. Napoleon marched into Russia in the summer...

Egyptian actor Omar Sharif, best known for his roles in Lawrence of Arabia and Doctor Zhivago died at age of 83, Egyptian media reported. “He died this afternoon of a heart attack in Cairo,” Steve Kenis told AFP, adding that the actor had been in a hospital for patients with Alzheimer’s disease. Born in a Syrian family and named Michel Demitri Chalhoub in Egypt in 1932, he was brought up as a Roman catholic and earned a college degree in mathematics and physics before he joined his family’s business. Read: Hollywood film legend Omar Sharif suffering from Alzheimer’s disease Omar...

Two weeks ago, taxi drivers in Paris staged a violent protest against self-employed Uber drivers and paralyzed the French capital. Similar anti-Uber demonstrations have occurred in the United States and in other European capitals, but only in Paris did events take a violent turn, seemingly confirming Alexis de Tocqueville’s observation that “the French start a revolution when confronted with change, not a reform.” Though crude, the Parisian taxi drivers’ methods seem to have had the intended effect. French police subsequently arrested two Uber executives, charging them, according to the Wall Street Journal, with “enabling taxi-driving by nonprofessional drivers, among other...

Thousands of people gathered in northern Spain on Sunday to demand a referendum vote for the independence of the country’s Basque region. Demonstrators holding long lengths of cloth formed human chains across several Basque cities, including the capital of Vitoria, Bilbao and San Sebastian. Many of the protesters wore the colors of the Basque flag -- red, white and green. The demonstration was organized by the pro-independence Gure Esku Dago ("It's in Our Hands") group, and was backed by several separatist parties and local figures. Spain’s Basque community has long asserted that it should be independent of the country, and...

I was torn to lament over situations recently so I asked The Lord to explain His Grace to me and I share it for your consideration . . . Grace is sufficient is more than a statement it is an enactment for many in My Creation ask "Why"? When I have given them the gift to (( ( "DECLARE" ) )) ((( "GRACE" ))) ! And so it is with this enlightenment they "IN FACT" carry the KEY to their own Blessings and Grace ! For I AM GRACE ETERNAL and it is in this manner you must speak and...

As we reported yesterday, following the latest European leaders summit, Greece was given until the end of the week to come up with a proposal for sweeping reforms in return for loans that will keep the country from crashing out of Europe's currency bloc and into economic ruin. "The stark reality is that we have only five days left ... Until now I have avoided talking about deadlines, but tonight I have to say loud and clear that the final deadline ends this week," European Council President Donald Tusk told a news conference. It did that moments ago when Greece...

U.S. President Barack Obama on Tuesday urged German Chancellor Angela Merkel and Greek Prime Minister Alexis Tsipras to compromise on an emergency financing deal that could keep Greece in the eurozone. White House spokesman Josh Earnest said the president was encouraged by assurances from both leaders in separate phone calls that “it’s in their collective and mutual interest for Greece to remain part of the eurozone.” But Mr. Obama stressed in the calls that “the only way that we’ll succeed in achieving that goal is for all of the parties to agree to a package of reforms and financing that...

March 2010, two months before the announcement of the first Greek bailout, European banks had €134 billion worth of claims on Greece. French banks, as shown in the right-hand figure above, had by far the largest exposure: €52 billion – this was 1.6 times that of Germany, eleven times that of Italy, and sixty-two times that of Spain. The €110 billion of loans provided to Greece by the IMF and Eurozone in May 2010 enabled Greece to avoid default on its obligations to these banks. In the absence of such loans, France would have been forced into a massive bailout...

ATHENS — An emergency summit of European leaders called to salvage Greece’s financial rescue broke up acrimoniously late Tuesday night, with officials saying the country now has just five days to avoid bankruptcy. Following a day’s worth of talks aimed at finding a way out of months of bitter deadlock, European leaders were scathing in their assessments of Greece’s proposals, calling them inadequate and demanding the Greek government return with a detailed plan by Thursday. The leaders of all 28 European Union members will then meet Sunday in what officials said will be the final chance to save Greece from...

Last week the Greek government imposed capital controls to prevent cash from escaping from the Greek banking system, which is on the brink of collapse. These repressive financial measures, which were invented by "Hitler's banker" Hjalmar Schacht in the 1930s, include the closing of banks, limiting cash withdrawals from ATMs to 60 euros ($67) per day, and the banning of all money transfers via credit and debit cards to accounts held in foreign countries. Despite these Draconian controls, Greek banks continue to hemorrhage cash and, after yesterday's referendum, it is probable that the daily limit on withdrawals from ATMs will...

In a desperate bid to save his political career, Greek Prime Minister Alexei Tsipras bet big on both the gullibility of the Greek electorate and the unreconstructed hate the Greek left has for capitalism. He has just won that bet, and will remain Prime Minister until the Greek people realize what they have done. In their defiant vote for “NO" Greek voters naively believed that they were voting for “democracy” and “national dignity.” Unfortunately they are about to find out they actually voted for “poverty, corruption, and a blighted future.” Every conservative intuitively understands TANSTAAFL, There Ain’t No Such Thing...

Socialism: Indebted nations of the world are applauding the "Oxi" vote against "austerity" in Greece not so much as a victory for the common man, but because they have plans to default on the billions they owe. Brace yourself. Socialism: Indebted nations of the world are applauding the "Oxi" vote against "austerity" in Greece because they no doubt have plans to default on the billions (BEG ITAL)they(END ITAL) owe. Brace yourself. What we're witnessing is the revenge of the debtors — socialist nations that believe they're striking a blow for human rights by not paying what they owe unless creditors...

So your moment has come, and frankly if you have the courage you should lead the Greek people out of the Eurozone with your head held high. Get back your democracy; get back control of your country. Give your people the leadership and the hope that they crave. Yes it will be tough in the first few months but with a devalued currency and with friends of Greece all over the world, you will recover.

Uploaded on Oct 18, 2011 Professor Varoufakis proposes a decentralized system for europe in order to transform it before the crisis of the system crashes Europe. He studies all the different possibilities of actions that can be taken and explains why his proposal is the best option. Studied mathematics at Essex University, received an MSc in mathematical statistics from the University of Birmingham and then, curiously, completed a PhD in... economics at Essex University. Between 1982 and 1988 he taught at the Universities of Essex, East Anglia and Cambridge. From 1988 to 2000 he lived in Sydney, where he lectured...