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Germany (News/Activism)

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  • Why anyone who compares Puerto Rico to Greece is wrong

    07/04/2015 6:36:17 AM PDT · by SeekAndFind · 15 replies
    Washington Post ^ | 07/04/2015 | By Matt O'Brien
    Its economy has been shrinking for years, its debts have been piling up for even longer, and its government has finally admitted that even brutal tax hikes and spending cuts wouldn't be enough for it to pay back everything it owes. I'm talking, of course, about Puerto Rico. Its governor, Alejandro García Padilla, admitted to the New York Times on Sunday that the island is going to have restructure its $72 billion in debt that is "not payable." Now, if it sounds like you've been hearing some variation of this story for years now, it's because you have—just about Greece....
  • A whole island pretending to be blind...: New book reveals how Greeks cheated THEMSELVES into ruin

    07/03/2015 8:10:40 PM PDT · by Rockitz · 43 replies
    DailyMail.com ^ | 3 July 2015 | Flora Drury For Mailonline
    Greece in teetering on the brink of ruin - and it is hard not to feel sympathy for the pensioners crying in the street and the mothers facing empty supermarket shelves. Yet those reading a new book may find themselves feeling a little less compassionate towards the Greeks. It reveals an eye-popping catalogue of benefits scams and tax avoidance schemes that have robbed the public purse. James Angelos' The Full Catastrophe: Travels among the New Greek Ruins lays bare the corruption which filtered through all levels of society - from the islanders who pretended to be blind, to the families...
  • Greek minister says Europe won't let Athens go under (Austerity measures="terrorizing")

    07/04/2015 5:42:33 AM PDT · by Red in Blue PA · 16 replies
    ATHENS (Reuters) - Greece’s finance minister accused creditors of trying to "terrorize" Greeks into accepting austerity, warning Europe stood to lose as much as Athens if the country is forced from the euro after a referendum on Sunday on bailout terms.
  • Greek banks prepare plan to raid deposits to avert collapse

    07/03/2015 5:53:34 PM PDT · by House Atreides · 82 replies
    FT.com ^ | July 3, 2015 | Kerin Hope
    Greek banks are preparing contingency plans for a possible “bail-in” of depositors amid fears the country is heading for financial collapse, bankers and businesspeople with knowledge of the measures said on Friday. The plans, which call for a “haircut” of at least 30 per cent on deposits above €8,000, sketch out an increasingly likely scenario for at least one bank, the sources said.
  • China State Official Hints Beijing May Bailout Greece

    07/03/2015 6:57:07 AM PDT · by SeekAndFind · 15 replies
    Zero Hedge ^ | 07/03/2015 | Tyler Durden
    On Monday, after Greek PM Alexis Tsipras’ dramatic referendum call sparked a run on Greek ATMs, grocery stores, and gas stations, we did our part to help ameliorate the situation by sending a subtle message to Athens: Dear Greece, if you want to apply for a loan from the Asian Infrastructure Investment Bank, send an email to: information@aiibank.org— zerohedge (@zerohedge) June 28, 2015 Indeed, now may be an opportune time to tap Beijing for a few billion given that China officially launched the AIIB this week. As a reminder, the success of China’s AIIB membership drive was a political disaster...
  • Second World War tank and anti-aircraft gun found hidden in basement of villa in Germany

    07/03/2015 11:17:02 AM PDT · by NRx · 82 replies
    The Telegraph ^ | 07-03-2015 | Melanie Hall
    German soldiers grappled for nine hours with an unusual task: trying to remove a Second World War tank found in the cellar of a villa. Almost 20 soldiers struggled to remove the tank from a villa on Thursday in a wealthy suburb of Kiel in northern Germany, after police searching the property discovered the tank, a torpedo, an anti-aircraft gun and other weapons in the cellar on Wednesday. Police raided the home in the town of Heikendorf under instructions from prosecutors, who suspected that the villa's 78-year-old owner held the weaponry illegally under a law controlling the possession of instruments...
  • [May 26, 2015] Obama-Netanyahu feud a problem for Hillary and Dems

    07/03/2015 8:39:50 AM PDT · by SunkenCiv · 4 replies
    New York Post ^ | May 26, 2015 | Fredric U. Dicker
    A top GOP strategist and pollster for newly re-elected Israeli Prime Minister Benjamin Netanyahu is warning that New York Democrats, including Hillary Clinton, "will pay a heavy price" at the polls next year if they don't break with President Obama's policies on Israel and reject any deal he makes with Iran. "Hillary Clinton, [Sen.] Chuck Schumer, [Reps.] Nita Lowey, Steve Israel, Jerry Nadler, Eliot Engel and others are about to get a whole new wave of pressure from Republicans on whether they agree or not with Obama on Israel," New York-based national GOP pollster and strategist John McLaughlin told The Post....
  • Greek banks down to €500m in cash reserves as economy crashes

    07/03/2015 8:35:26 AM PDT · by C19fan · 12 replies
    UK Telegraph ^ | July 2, 2015 | Ambrose Evans-Pritchard
    Greece is sliding into a full-blown national crisis as the final cash reserves of the banking system evaporate by the hour and swathes of industry start to shut down, precipitating the near disintegration of the ruling coalition. Business leaders have been locked in talks with the Bank of Greece, pleading for the immediate release of emergency liquidity funds (ELA) to cover food imports and pharmaceutical goods before the tourist sector hits a brick wall.
  • Left-wing mayor of Madrid plans to rename Plaza currently dedicated to Margaret Thatcher [...]

    07/03/2015 3:49:01 AM PDT · by Moltke · 12 replies
    UK Daily Mail ^ | 3 July 2015 | Chris Pleasance
    FULL TITLE: Left-wing mayor of Madrid plans to rename Plaza currently dedicated to Margaret Thatcher after Socialist gay rights activist Spain's Left-wing Mayor has said she is planning to rename a Plaza currently dedicated to Margaret Thatcher after a former Socialist Party leader and gay rights activist. Manuela Carmena, who took over from Madrid's former conservative mayor in May, said Thatcher's name was inappropriate because she was 'the Iron Lady who enslaved the workers'. Her announcement comes just ten months after Mark Thatcher was invited to the Spanish capital to name the plaza after his mother and the former British...
  • Greek debt crisis: Major rallies due ahead of vote

    07/02/2015 9:55:37 PM PDT · by BenLurkin · 7 replies
    BBC ^ | 46 minutes ago
    Divisions in Greece have sharpened ahead of the vote. One poll cited by euro2day.gr said 47% of people were leaning toward a "Yes" vote, with the "No" camp at 43%. A previous poll suggested the "No" camp had a shrinking lead. Mr Tsipras has said that a strong "No" vote will help lead to a "better agreement" with creditors. "Our efforts are focused on overcoming the crisis as fast as possible, with a solution that preserves the dignity and sovereignty of our people,'' he said. But EU leaders have warned that a "No" vote on Sunday may see Greece leave...
  • The Greeks Invented Mathematics, and Now It’s Bankrupting Them

    07/02/2015 7:39:59 AM PDT · by SeekAndFind · 24 replies
    National Review ^ | 07/02/2015 | Kevin Williamson
    In the short term, the world runs on words; in the long term, the world runs on numbers. It is as though the Muses came to an agreement: In the here and now, mankind is subject to rhetoric, but mathematics gets the final say. In Athens, in San Juan, in Detroit, in Sacramento, in Springfield, and, soon enough, in Washington, Mathematics is arousing herself from her torpor, and she is cranky as hell. The long term is here. Greece has defaulted on its sovereign debt, and its banks have been shut down. Television viewers accustomed to watching a few odd...
  • Greek Prime Minister Alexis Tsipras learning EU’s No. 1 rule: Don’t mess with Angela Merkel

    07/03/2015 6:12:43 AM PDT · by canuck_conservative · 9 replies
    Financial Post [Canada] / Bloomberg ^ | Friday, July 3, 2015 | Matthew Campbell
    ... The German chancellor’s disapproval helped end the political careers of former Italian prime minister Silvio Berlusconi and Greek leader George Papandreou. After burning through whatever goodwill he had with Merkel’s lawmakers and the German public, the current Greek premier could be next.... “We are watching the end of the political career of Alexis Tsipras,” Jacob Kirkegaard, a senior fellow at Peterson Institute in Washington, said in a Bloomberg Radio interview. “Mr. Tsipras can continue his career on T-shirts for students, replacing Che Guevara.”... Refusing to play ball with Germany didn’t turn out well for Berlusconi, whose premiership had survived...
  • Dollar firms before payrolls, Greece unease simmers

    07/02/2015 3:22:23 AM PDT · by expat_panama · 10 replies
    Yahoo Finance ^ | Jul 2, 2015 | Marc Jones
    LONDON (Reuters) - The dollar was near a three-week high on Thursday and world stock markets had a delicate feel, as the implication of U.S. jobs data later for a possible Fed rate hike added to Europe's uncertainty over Greece. Chinese shares also remained in focus as they suffered another heavy tumble overnight to take their loses over the last six weeks to 25 percent, countering otherwise solid performances in the rest of Asia's main centres.Europe's main bourses in London, Frankfurt and Paris and Milan opened largely flat having rallied on Wednesday but the mood remained skittish after hopes of...
  • Honeymoon is over for Greek couple who went penniless in NYC

    07/02/2015 8:45:33 PM PDT · by Kartographer · 9 replies
    AP via Yahoo News ^ | 7/2/15 | VERENA DOBNIK
    Newlyweds Valasia Limnioti and Konstantinos Patronis' long-planned "dream trip" to America ended in New York City, where their three-week honeymoon quickly turned into a nightmare: Their Greek-issued credit and debit cards were suddenly declined and they were left penniless. "We were hungry, and I cried for two days," Limnioti said. "I felt homeless in New York." The couple skipped a few meals before spending their last dollars on dinner at McDonald's. Strangers from two Greek Orthodox churches in the city's Queens borough came to the rescue, giving them survival cash until their flight home to Greece on Friday. Their financial...
  • Greek banks down to €500m in cash reserves as economy crashes

    07/02/2015 7:18:44 PM PDT · by familyop · 33 replies
    The Telegraph ^ | 02 Jul 2015 | Ambrose Evans-Pritchard
    The party's hardline chief and defence minister, Panos Kammenos, dismissed them contemptuously. "We are at war and there will be no backing down. Whoever does not have the stomach for war, be gone," he said... Mr Varoufakis vowed to resign if the Greek people voted yes. "I prefer to cut off my own arm rather than sign an agreement without debt restructuring," he told Bloomberg TV. He said there is not a "smidgeon of an iota of possibility" that the terms on offer can lift the Greek economy out of a deflationary tailspin, insisting that the talks broke down because...
  • Over 260,000 Austrians sign petition on EU exit

    07/02/2015 7:18:55 PM PDT · by aMorePerfectUnion · 14 replies
    PressTV ^ | 7-2-15
    More than 260,000 people in Austria have signed a petition urging the Austrian government to leave the European Union (EU). According to reports on Thursday, as many as 261,159 Austrians signed the petition. The number in total represents 4.12 percent of the country's electorate. Since under the country's regulations the threshold for calling a debate on a potential referendum is 100,000 people, the Austrian parliament must discuss a referendum on leaving the EU. The call for leaving the EU was most popular in the regions of Lower Austria and in Carinthia where 5.18 percent and 4.85 percent of potential voters,...
  • Merkel summons US envoy over spy claims

    07/02/2015 7:07:32 PM PDT · by Olog-hai · 3 replies
    TheLocal.de ^ | 02 Jul 2015 16:20 GMT+02:00 | (AFP)
    Chancellor Angela Merkel’s office Thursday asked the US ambassador to discuss new allegations about NSA spying, a German government source said. “We confirm that US ambassador [John] Emerson was invited to the chancellery to talk,” the German government source told AFP, after the Frankfurter Allgemeine daily said Merkel’s chief of staff Peter Altmaier had asked for the meeting. On Wednesday Süddeutsche Zeitung reported that new documents released by WikiLeaks show that the United States did not just tap German Chancellor Angela Merkel’s phone but also eavesdropped on several ministers. …
  • Robot Kills Technician At German VW Plant

    07/02/2015 7:44:05 AM PDT · by palmer · 92 replies
    Manufacturing.net ^ | Wed, 07/01/2015 - 5:08pm | Andy Szal, Digital Reporter
    A technician died from injuries sustained while working on a robot at Volkswagen's factory in Kessel, Germany, according to media reports. The reports indicated that two men, who worked for an outside contractor, were installing the robot when the mechanism struck one of them in the chest and pressed him against a metal plate. The 21-year-old man, who was working within the metal safety cage confining the robot, later died from the accident. His co-worker was outside the metal cage and unharmed. Prosecutors are investigating the incident. Volkswagen officials said that the robot did not have a technical defect and...
  • The first Norwegian municipality allows Muslim call to prayer

    07/01/2015 4:48:50 PM PDT · by markomalley · 12 replies
    Speisa ^ | 6/28/15
    The mosque in Sandnessjøen starts with call to prayer using outside loudspeakers. It is met with very mixed reactions among the citizens, NRK reports. The Muslim Association in Sandnessjøen begins with outdoors call to prayer in connection with Friday prayers. A loudspeaker will be placed outside the premises of the mosque and the call to prayer will be heard over the entire neighborhood. The municipality has given the permission, but that this will become a weekly fixture in the town center, has created harsh reactions among people in the municipality. - We are not in Mecca - It is unusual...
  • US blocks attempts by Arab allies to fly heavy weapons directly to Kurds to fight Islamic State

    07/01/2015 3:31:59 PM PDT · by Fractal Trader · 42 replies
    Telegraph ^ | 1 Juy 2015 | Con Coughlin
    The United States has blocked attempts by its Middle East allies to fly heavy weapons directly to the Kurds fighting Islamic State jihadists in Iraq, The Telegraph has learnt. Some of America’s closest allies say President Barack Obama and other Western leaders, including David Cameron, are failing to show strategic leadership over the world’s gravest security crisis for decades. They now say they are willing to “go it alone” in supplying heavy weapons to the Kurds, even if means defying the Iraqi authorities and their American backers, who demand all weapons be channelled through Baghdad. High level officials from Gulf...
  • How will the National Socialist Left’s excuse the failure of socialism in Greece?

    07/01/2015 2:37:24 PM PDT · by Voice of Reason1 · 37 replies
    It’s axiomatic that when a socialist regime hits the skids, the left will generally try to claim that such regime is ‘right wing’ somehow. Such claims can and will be completely irrational on their face, but for the national socialist Left it’s all about talking points and a simplistic ( but ‘superior’) mentality that favors headlines and shallow thought on the subject And before you complain that I dare use the word ‘national’ next to the word ‘socialist’ I would ask that you please explain in detail (with documentation) Just how in Hades’ the word national modifies the meaning of...
  • EU launches Internet Referral Unit to combat online extremism [twitter war!!!]

    07/01/2015 1:16:35 PM PDT · by markomalley · 3 replies
    Computer Weekly ^ | 7/1/15 | Warwick Ashford
    Europol has officially launched the European Union Internet Referral Unit (EU IRU) to combat terrorist propaganda and related violent extremist activities on the internet. The move is in response to the increase in terrorists' use of the internet and social media. According to Europol, Jihadist groups, in particular, have demonstrated a sophisticated understanding of how social networks operate. They have launched well-organised, concerted social media campaigns to recruit followers and to promote or glorify acts of terrorism or violent extremism. To tackle this phenomenon, EU member states have agreed a co-ordinated European prevention approach, which includes establishing the EU IRU...
  • 'British Schindler' Nicholas Winton who saved 669 children from Nazis dies

    07/01/2015 12:56:43 PM PDT · by the scotsman · 5 replies
    Daily Express ^ | 1st July 2015 | Tom Batchelor
    'A WAR hero dubbed the ‘British Schindler’ who saved hundreds of children from the Nazis during the Second World War has died aged 106. Nicholas Winton saved the lives of 669 Jewish children from the Holocaust by smuggling them out of Germany on trains on the eve of the war - saving them from almost certain death. His son-in-law Stephen Watson said he died peacefully in his sleep at Wexham Hospital in Slough. Sir Nicholas was a 29-year-old stock exchange clerk in 1938 when he began to fear that Jewish residents of Nazi-occupied Czechoslovakia would be sent to concentration camps....
  • U.S. debt headed toward Greek levels [Psalms 9:17]

    07/01/2015 9:11:48 AM PDT · by Jan_Sobieski · 10 replies
    Washington Examiner ^ | 6/30/2015 | Jason Russell
    United States' projected debt over the next 25 years looks a lot like Greece's over the past 25. With all the chaos unravelling in Greece, Congress would be wise to do what it takes to avoid reaching Greek debt levels. But it's not a matter of sticking to the status quo and avoiding bad decisions that would put the budget on a Greek-like path, because the budget is on that path already. A quarter-century ago, Greek debt levels were roughly 75 percent of Greece's economy — about equal to what the U.S. has now. As of 2014, Greek debt...
  • Greek Debt Crisis: How Goldman Sachs Helped Greece to Mask its True Debt

    07/01/2015 7:45:42 AM PDT · by SeekAndFind · 8 replies
    Der Spiegel ^ | 02/08/2010 | By Beat Balzli
    Goldman Sachs helped the Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules. At some point the so-called cross currency swaps will mature, and swell the country's already bloated deficit. Greeks aren't very welcome in the Rue Alphones Weicker in Luxembourg. It's home to Eurostat, the European Union's statistical office. The number crunchers there are deeply annoyed with Athens. Investigative reports state that important data "cannot be confirmed" or has been requested but "not received." Creative accounting took priority when it came to totting...
  • How German media shaped the Greece crisis

    07/01/2015 10:05:33 AM PDT · by Olog-hai · 16 replies
    TheLocal.de ^ | 01 Jul 2015 12:50 GMT+02:00 | Tom Barfield
    “No more billions for the greedy Greeks” or “Merkel shoots down new proposals from Athens”: these are just a couple of the bold headlines Germans have digested with their morning coffee in recent months. In a country still massively reliant on traditional forms of media—newspapers, and above all television—for its news, these headlines matter. […] Political discussion on TV is dominated by talk shows such as Anne Will, Günther Jauch and Hart aber Fair (Hard but Fair), where although people outside the mainstream may be invited, “counter-opinions are generally squashed or have little chance of piercing through,” Mühl-Benninghaus pointed out....
  • Obama Promises That Events In Greece And Puerto Rico Will Not Cause A Global Financial Crisis

    07/01/2015 7:36:28 AM PDT · by Enlightened1 · 43 replies
    End of the Amercian Dream ^ | 06/30/15 | Michael Snyder
    Barack Obama says that we shouldn’t be alarmed by what is happening over in Greece. On Tuesday, he told reporters that this “is an issue primarily of concern to Europe” and that “I think the markets have properly factored in the risks involved“. And apparently Obama is not too concerned about the debt crisis in Puerto Rico either. In fact, the Obama administration has already completely ruled out any sort of federal bailout for the island. Barack Obama is assuring us that everything is going to be just fine and that we are not headed for another global financial crisis....
  • A Spanish investigation into the Russian mafia 'could change the narrative of Putin in the West'

    07/01/2015 4:26:25 AM PDT · by elhombrelibre · 21 replies
    BUSINESS INSIDER ^ | 30 Jun 15 | Natasha Bertrand
    (Reuters) Vladimir Putin with Jose Maria Aznar, then Spain's prime minister, at Moncloa Palace on June 13, 2000. One of Russia's largest organized-crime syndicates allegedly operated out of Spain for more than a decade with the help of close allies of President Vladimir Putin, then the deputy mayor of St. Petersburg, Bloomberg reports. Prosecutors in Madrid have filed a 488-page petition to charge 27 people with money laundering and fraud in connection to the St. Petersburg-based Tambov crime syndicate's setting up shop in Spain in 1996. Vladislav Reznik, now the deputy head of the finance committee in Russia's lower house...
  • Steve Forbes Pens Open Letter to Greek Leaders; Greece Can Teach The World A Needed Lesson

    07/01/2015 6:29:09 AM PDT · by SeekAndFind · 14 replies
    The Pappas Post ^ | 03/05/2015 | BY GREGORY PAPPAS
    Former US Presidential candidate and publisher of Forbes Magazine, Steve Forbes, used the platform of his magazine to pen an open letter to the prime minister and finance minister of Greece, Alexis Tsipras and Yanis Varoufakis. The full text of his letter appears below. ______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Dear Prime Minister Tsipras and Finance Minister Varoufakis: You may have won a four-month reprieve of sorts from your creditors, but your situation is desperate, and everyone knows it, most particularly Europe’s paymasters, the Germans. As you just painfully learned, your ability to blackmail your creditors is a fraction of what it once was. Businesses,...
  • Global support for ISIS includes up to 42M Muslims, group claims

    07/01/2015 6:21:31 AM PDT · by SeekAndFind · 9 replies
    Fox News ^ | 07/01/2015 | By Brooke Singman
    Global support for ISIS may be much bigger than previously known, according to a new report that found as many as 42 million Muslims around the world have positive feelings about the black-clad army of barbarians that established a so-called caliphate in Syria and Iraq last year. The report from the New York-based research institute Clarion Project crunched numbers from four recent polls surveying Arab public opinion toward ISIS. Clarion found the terror group's supporters are 8.5 million strong, but more than 42 million of the world's estimated 1.5 billion Muslims feel at least somewhat positively about the terror group....
  • It's Official: Greece defaults on IMF payment

    06/30/2015 7:24:07 PM PDT · by SeekAndFind · 55 replies
    The Star ^ | 06/30/2015 | Tanya Talaga
    Greece joins Somalia, Sudan and Zimbabwe on the latest to be in debt to the International Monetary Fund. As Athenians rallied underneath thunderclouds to show their support for keeping Greece in the eurozone of single currency nations, their broke government defaulted on a $2.2-billion payment to the International Monetary Fund. At midnight on Tuesday, Greece joined Sudan, Somalia and Zimbabwe as countries in arrears to the IMF. Also at midnight, the bailout assistance package that began in February 2012 formally expired, leaving Greece without access to any emergency finances. In Washington, the IMF acknowledged that Greece had failed to meet...
  • Israel Upgrades Navy With German-Built Ships, Radar, Weapons Systems

    06/30/2015 6:49:30 AM PDT · by sukhoi-30mki · 6 replies
    International Business Times ^ | June 29 2015 | Tim Marcin
    The Israel Navy plans to bolster its combat fleet with the addition of German-built ships, along with radar and weapons systems. The process of attaining new radars and electronic warfare systems and adding them to ships will start as early as next year, reported Defense News on Sunday. The Israeli Navy completed a major deal, worth $480 million, to purchase four new German-built but Israeli-equipped Sa'ar-6 corvettes ships in May. The deal, which took five years to complete, allows for Israel to provide its own combat weapons suite, armament and subsystems. Germany also took on about one-third of the cost...
  • Germany: violent far-right crime up nearly a quarter in 2014

    06/30/2015 6:20:19 AM PDT · by Olog-hai · 8 replies
    Associated Press ^ | Jun 30, 2015 6:46 AM EDT
    The German government says violent far-right crime increased by nearly a quarter last year, while authorities are concerned about an even faster rise in offenses involving homes for asylum-seekers. The domestic intelligence agency counted 990 violent offenses with a far-right motivation, compared with 801 in 2013. That included 512 xenophobic attacks, up from 473 and the highest number since the current definitions for offenses were introduced in 2001. …
  • Leftist politics have doomed Greece to collapse

    06/29/2015 4:11:46 PM PDT · by Textide · 9 replies
    The Telegraph ^ | 29-June-2015 | Allister Heath
    It is always those in the middle -- and especially what Marxist intellectuals call the petit bourgeois, the aspiring, hard-working workers and savers -- who are hurt the hardest It was Adam Smith who put it best. “There is a great deal of ruin in a nation”, he wrote in reply to an over-excited young man who thought that Great Britain was facing devastation after a setback during the US war of independence. Smith was right about the specifics as well as the general point, of course: America was thankfully soon to win its independence, and both Britain and the...
  • Opinion: Europe’s war on Greek democracy

    06/29/2015 3:05:24 PM PDT · by Hojczyk · 15 replies
    Market Watch ^ | June 29,2015 | Joseph E. Stiglitz
    In fact, European leaders are finally beginning to reveal the true nature of the ongoing debt dispute, and the answer is not pleasant: it is about power and democracy much more than money and economics. Of course, the economics behind the program that the “troika” (the European Commission, the European Central Bank, and the International Monetary Fund) foisted on Greece five years ago has been abysmal, resulting in a 25% decline in the country’s gross domestic product. I can think of no depression, ever, that has been so deliberate and had such catastrophic consequences: Greece’s rate of youth unemployment, for...
  • Greece crisis deepens as banks close for a week after weekend that shook euro

    06/28/2015 1:38:13 PM PDT · by bob_denard · 11 replies
    The Guardian ^ | Sunday 28 June 2015 21.17 BST | Ian Traynor in Brussels and John Hooper in Athens
    Greece’s governments says banks will stay closed until after snap referendum, while stock exchange shut on Monday and cash machine withdrawals limited Greeks will on Monday morning find their savings blocked and their banks closed for a week following a fateful weekend that has shaken Europe’s single currency. The Greek government decided on Sunday night it had no option but to close the nation’s banks on Monday after the European Central Bank (ECB) raised the stakes by freezing the liquidity lifeline that has kept Greek banks afloat during a six-month run on deposits. The Athens Stock Exchange will not reopen...
  • Ballot Language of Greek Plebiscite on EU "Deal"

    06/28/2015 1:12:17 PM PDT · by catnipman · 8 replies
    Various ^ | 6/28/2015 | self
    Obtained from various sources: Greece’s referendum question will apparently read as follows: “Greek people are hereby asked to decide whether they accept a draft agreement document submitted by the European Commission, the European Central Bank and the International Monetary Fund, at the Eurogroup meeting held on on June 25 and which consists of two documents: ‘‘The first document is called Reforms for the Completion of the Current Program and Beyond and the second document is called Preliminary Debt Sustainability Analysis. ‘‘- Those citizens who reject the institutions’ proposal vote Not Approved / NO ‘‘- Those citizens who accept the institutions’...
  • Istanbul police use teargas to break up Gay Pride parade

    06/28/2015 1:11:33 PM PDT · by PROCON · 42 replies
    AFP ^ | June 28, 2015 | AFP
    Istanbul (AFP) - Riot police in Istanbul used teargas and fired rubber pellets to disperse thousands of participants in the city's Gay Pride march after some began chanting slogans against the president, an AFP reporter said. The scene turned violent when participants -- many brandishing rainbow flags -- denounced "the fascism" of the conservative President Recep Tayyip Erdogan. Police then began to forcefully break up the crowd, with some officers firing rubber pellets into the crowd.
  • Across spectrum, German leaders condemn Greece's rejection of EU deal

    06/28/2015 12:16:36 PM PDT · by Berlin_Freeper · 46 replies
    reuters.com ^ | Jun 29, 2015 | reuters
    German leaders right and left unleashed a barrage of criticism at Greece Prime Minister Alexis Tsipras on Sunday for rejecting an offer that could have unlocked rescue funds to resolve the debt crisis. Chancellor Angela Merkel's allies and the leaders of her centre-left coalition partners condemned Greece's leftist government, reflecting pent-up public frustration. Germany is the biggest European contributor to the bailout programmes that have kept Greece afloat for the past five years. Opinion polls now show a majority of Germans want Greece to leave the euro zone.
  • Greek Prime Minister Tsipras Screws The Pooch

    06/28/2015 6:08:54 AM PDT · by Kaslin · 54 replies
    Townhall.com, Reuters PHOTO ^ | June 28, 2015 | Mark Nuckols
    <p>Greek Prime Minister Alexis Tsipras and his party Syriza have just screwed the pooch, and royally so. Tsipras has just done something so colossally idiotic and childish that perhaps Greece deserves its impending economic collapse for having elected someone so incredibly stupid. Greeks have suffered six years of chronic recession and endless rounds of debt negotiations, but this will all seem like a walk in the park compared to the poverty and civil chaos about the engulf their country.</p>
  • Greece debt crisis: ECB 'to end' bank emergency lending

    06/28/2015 4:54:27 AM PDT · by GunningForTheBuddha · 4 replies
    BBC News ^ | 6/28/2015
    The European Central Bank is expected to end emergency lending to Greece's banks on Sunday, the BBC understands.Well-placed sources told BBC economics editor Robert Peston a decision to end the Emergency Liquidity Assistance (ELA) would be made by the ECB's governing council later on Sunday.Greek banks depend on ELA.Cutting the lifeline could push Greece out of the euro. Some analysts have tweeted that the ECB is likely to cap, but not end, the ELA.
  • [Bavaria] Refugee host school bans revealing clothes

    06/27/2015 2:44:52 PM PDT · by markomalley · 12 replies
    A school in Bavaria has sent a letter home to parents warning them not to let their daughters wear revealing blouses or short skirts, because emergency accommodation for refugees has been set up next to the gym. A week ago emergency accommodation for 200 Syrian refugees was erected right next to the gym of Wilhelm-Diess-Gymnasium in Pocking, Bavaria, Die Welt reports. The gym has been closed as a result, and PE lessons have been relocated to a nearby primary school, but the school is still worried about the refugees interacting with students. So worried in fact that the headteacher recently...
  • Marines to add armor, artillery to Black Sea force

    06/25/2015 3:10:05 PM PDT · by Tailgunner Joe · 8 replies
    stripes.com ^ | June 25, 2015 | Steven Beardsley
    NAPLES, Italy — The Marine Corps is preparing to deploy a company-size unit equipped with tanks, armored vehicles and artillery to Bulgaria, an expansion of its Black Sea footprint meant to reassure allies and add new crisis-response options. The first rotation of the Combined Arms Company will bring 150 Marines to the Novo Selo Training Area, Bulgaria, in September. Accompanying the unit will be four Abrams tanks, six Light Armored Vehicles and three howitzers, said Brig. Gen. Norm Cooling, deputy commander of Marine Forces Europe-Africa. Current plans call for three consecutive six-month rotations, Cooling said, though the presence could be...
  • Putin promises 40 new nuclear missiles in 2015

    06/17/2015 2:04:08 AM PDT · by SaveFerris · 30 replies
    UPI.Com ^ | Updated June 16, 2015 at 11:03 AM | By Ed Adamczyk
    MOSCOW, June 16 (UPI) -- Russian President Vladimir Putin announced Tuesday Russia's nuclear arsenal would be would increase by 40 intercontinental ballistic missiles in 2015. Speaking at Army-2015 Expo, an international military trade show near Moscow, Putin said the new missiles could "overcome even the most technically advanced anti-missile defense systems," adding a new long-range early-warning radar "to monitor in the western direction" was also being prepared. It was a reference to plans by NATO to permanently place troops and heavy armaments in Poland, a Russian neighbor and former Warsaw Pact country. In reference to apparent plans to reinforce NATO's...
  • The Queen hints at desire for Britain to remain in European Union

    06/25/2015 1:13:36 PM PDT · by Berlin_Freeper · 26 replies
    theguardian.com ^ | 24 June 2015 | Kate Connolly
    Her speech, weaving historical events with present crises, was replete with some subtle and other not so subtle hints that she believed Britain belonged in the European Union – her most public stance yet that she wished to avoid Britain voting to leave in a referendum.
  • EU warns Britain that its fundamental values ‘not for sale’

    06/25/2015 11:52:37 AM PDT · by Olog-hai · 13 replies
    Associated Press ^ | Jun 25, 2015 2:39 PM EDT
    The European Union’s president is warning Britain that he’s open to suggestions on how the bloc must change, but that “the fundamental values of the European Union are not for sale and so are non-negotiable.” […] British Prime Minister David Cameron said he’ll use the two-day event to explain to other heads of state and government that the 28-nation EU must reform or risk losing the backing of a majority of British voters. …
  • EU leader urges crackdown on ‘illegal migration’

    06/25/2015 9:39:35 AM PDT · by Olog-hai · 8 replies
    Associated Press ^ | Jun 25, 2015 12:31 PM EDT | Lorne Cook
    The European Union’s president called Thursday for a crackdown on migrants who are only looking for jobs as opposed to those fleeing war or persecution, as migrants keep arriving on Europe’s shores in ever-greater numbers. […] “We need to contain illegal migration and this should be our priority,” EU President Donald Tusk told reporters at a summit of the bloc’s leaders in Brussels. “All those who are not legitimate asylum-seekers will have no guarantee that they will stay in Europe.” …
  • Germans don’t think America stands for freedom anymore

    06/25/2015 10:07:15 AM PDT · by tcrlaf · 59 replies
    WashPost ^ | 6-25-2015 | Adam Taylor
    To many, America is synonymous with freedom. The country dubbed itself the "land of the free" and, when trying to reclaim sliced and fried potatoes from the French, briefly attempted to rename "French fries" as "freedom fries." Yet America's global reputation for personal freedom has taken a beating over the last couple of years. Data from Pew Global Research suggests a dramatic fall in the number of people around the world who say the U.S. government respects the freedom of its people. The issue may be most stark in Germany. Back in 2013, a whopping 81 percent of Germans polled...
  • How Germany's Ban of the Nazi Swastika Echoes in the Battle Over the Confederate Flag

    06/24/2015 4:56:41 PM PDT · by nickcarraway · 69 replies
    Newsday ^ | June 24, 2015 | Ishaan Thardoor
    A darker emblem looms over the heated conversation about a controversial American symbol. To hammer home how problematic the continued state-sanctioned tolerance of the Confederate battle flag is in parts of the United States, some have drawn comparisons to the infamous banner of Adolf Hitler's Nazi Germany. "It would be like having the swastika flag flying on your next-door neighbor," said Whoopi Goldberg, on ABC's The View on Monday. "If the Confederate flag continues to fly, the statement that's being made . . . is that 'We miss this really crappy part of history.' " To be sure, Nazi Germany...
  • Germany being ‘used’ by Egypt, says jailed journo

    06/24/2015 9:35:42 AM PDT · by Olog-hai · 3 replies
    TheLocal.de ^ | 24 Jun 2015 08:26 GMT+02:00 | (AFP)
    Jailed Al-Jazeera journalist Ahmed Mansour arrived back in Qatar on Tuesday, blaming his controversial two-day detention in Germany on pressure from the Egyptian government. […] Speaking to reporters in Arabic, Mansour said: “There are lobbies that promote Sisi in the world and play the role of public relations. They put pressure on the German government, because the Egyptian government is rubbish and has no value.” He added that his arrest had been “political”. “From the first second, I knew I was innocent; I did not do anything wrong or hurt anyone. Everything for me was clear; I was strong all...