Keyword: greece

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  • Tsipras raises Nazi war reparations claim at Berlin press conference with Merkel

    03/24/2015 5:54:34 AM PDT · by C19fan · 46 replies
    UK Guardian ^ | March 23, 2015 | Ian Traynor
    Greece’s leftwing prime minister Alexis Tsipras stood beside German leader Angela Merkel and demanded war reparations over Nazi atrocities in Greece on Monday night, even as the two leaders sought to bury the hatchet following weeks of worsening friction and mud-slinging. “It’s not a material matter, it’s a moral issue,” said Tsipras, unusually insisting on raising the “shadows of the past” at the heart of German power in the gleaming new chancellery in Berlin. It was believed to be the first time a foreign leader had gone to the capital of the reunified Germany to make such a demand.
  • Why My #1 Bet on Investing in Europe is Soaring

    03/22/2015 10:40:42 AM PDT · by Kaslin · 15 replies
    Townhall.com ^ | March 22, 2015 | Nicholas Vardy
    It was just over a month ago that I appeared on the Fox Business Network and recommended that U.S. investors put their money to work in Europe. To say that my recommendation was greeted with skepticism would be an understatement. After all, as the host pointed out, Europe was on the verge of bailing out a Marxist government in the form of Greece. And my closing recommendation to invest in Germany was greeted with a roll of the eyes and a barely stifled yawn. Fast forward one month, and Germany is the hottest market on the planet. The German DAX...
  • Looks Like Germany May Have To Pay Up

    03/21/2015 6:58:09 PM PDT · by Lorianne · 22 replies
    Automatic Earth ^ | 22 March 2015 | Raúl Ilargi Meijer
    German magazine Der Spiegel digs deep(er) into the ‘Greece question’ this weekend, and does so with a few noteworthy reports. First, its German paper issue has Angela Merkel on the cover, inserted on a 1940′s photograph that shows Nazi commanders against the backdrop of the Acropolis in Athens. The headline is ‘The German Supremacy: How Europeans see (the) Germans’. The editorial staff has already come under a lot of fire for the cover, and I’ve seen little that could be labeled a valid defense for further antagonizing both Germans AND Greeks (and other Europeans) this way. Oh, and it’s also...
  • ECB Prepares For Grexit, Anticipates 95% Loss On Greek Debt

    03/18/2015 7:30:07 AM PDT · by SeekAndFind · 8 replies
    Zero Hedge ^ | 03/18/2015 | Tyler Durden
    Dear Greek readers: the writing is now on the wall, and it is in very clear 48-point, double bold, and underlined font: when the ECB "leaks" that it is modelling a Grexit, something Draghi lied about over and over in 2012 and directly in our face too, take it seriously, because it is time to start planning about what happens on "the day after." And incidentally to all those curious what the fair value of peripheral European bonds is excluding ECB backstops, the ECB has a handy back of the envelope calculation: a 95% loss. Which also is the...
  • Greek PM hastens Russia visit amid cash crunch

    03/17/2015 3:25:37 PM PDT · by familyop · 15 replies
    AFP by way of Yahoo News ^ | 17MAR15 | John Hadoulis
    "The prime minister will visit the Kremlin following an invitation from Russian President Vladimir Putin," a government source said without giving reasons for the change of date. Tsipras, a former Communist, has made no secret of seeking closer ties to Russia at a time when Moscow is at loggerheads with the European Union over the conflict in Ukraine. A number of Greek officials have openly broached the prospect of Athens turning to Russia or China for financial assistance if loan talks with the EU end in failure.
  • Greek PM To Meet With Putin Amid Cash Crunch

    03/17/2015 12:23:33 PM PDT · by tcrlaf · 6 replies
    Zerohedge ^ | 3-16-2015 | Durden
    With Greece digging around in the couch cushions to try and scrape up €2 billion by Friday in order to make payments to the IMF, the ECB, and Goldman, and with celebrity FinMin Yanis Varoufakis doing his absolute best to sink the entire ship with a series of epic PR faux pas, one is left to wonder just where Athens will turn when Berlin and Brussels finally reach the end of their ropes with what increasingly looks like gross incompetence in the Aegean. We may have gotten the answer to that question today via Reuters: Greek Prime Minister Alexis Tsipras...
  • Is the European Union Dying?

    03/13/2015 7:19:26 AM PDT · by Kaslin · 12 replies
    Townhall.com ^ | March 13, 2015 | Pat Buchanan
    As the European Coal and Steel Community of Jean Monnet evolved into the EU, we were told a "United States of Europe" was at hand, modeled on the USA. And other countries and continents will inevitably follow Europe's example. There will be a North American Union of the U.S., Canada and Mexico, and a Latin America Union of the Mercosur trade partnership. In an essay, "The E.U. Experiment Has Failed," Bruce Thornton of Hoover Institution makes the case that the verdict is in, the dream is dead, the EU is unraveling, One Europe is finished. Consider, first, economics. In 2013,...
  • Euro could fall to 85 cents against US dollar

    03/12/2015 7:53:08 PM PDT · by Lorianne · 34 replies
    CNBC ^ | 11 March 2015 | Michelle Fox
    As analysts were waiting to see how fast the euro reaches parity against the U.S. dollar, one foreign exchange pro told CNBC he saw the common currency dropping even further, with the dollar strengthening another 20 percent. George Saravelos, global co-head of FX research at Deutsche Bank, said the euro could fall to 85 U.S. cents against the greenback.
  • Euro slips to new 12-year low against US dollar ($1.05)

    03/11/2015 9:09:49 PM PDT · by tcrlaf · 15 replies
    Straits Times ^ | 3-12-2015 | Reuters
    The euro slipped to a fresh 12-year low against the US dollar on Thursday as the common currency continued to buckle under pressure felt since the European Central Bank launched its massive quantitative easing scheme at the start of the week.
  • Dollar Hits Fresh Highs Against Euro, Yen

    03/10/2015 1:27:34 AM PDT · by Oliviaforever · 11 replies
    WSJ ^ | 3/10/15 | HIROYUKI KACHI
    The dollar set fresh multiyear highs against the euro and the yen in Asian trade Tuesday, as market participants bet on the continuing divergence in monetary and economic conditions in the U.S., the eurozone and Japan.
  • Euro hits 12-year low, parity with dollar looms

    03/06/2015 5:20:35 AM PST · by SeekAndFind · 3 replies
    UT San Diego ^ | 03/06/2015 | By PAN PYLAS
    LONDON (AP) — The euro could soon be doing something it's only done a couple of times in its 16-year existence — trading 1-to-1 with the dollar. Europe's single currency has since May been on a downward trajectory against the dollar, mainly because of the divergence in economic performance between the eurozone and the United States. Where the eurozone's recovery from the global financial crisis has been at best anemic, the U.S. economy appears to be going from strength to strength. And that divergence is hurting the euro's fortunes. From $1.40 last spring, it is now trading below $1.10 for...
  • Euro Falls To Near 1-Year Low Vs Dollar On Greece Worries

    04/23/2010 12:23:53 AM PDT · by bruinbirdman · 7 replies · 524+ views
    Market Watch ^ | 4/23/2010 | Andrew Monahan
    1:43 a.m. Concerns that the Group of 20 industrialized and developed nations may not come up with an effective plan to address Greece's debt problems prodded short-term investors to sell the euro in Asia Friday, sending the currency to its lowest level against the dollar in nearly a year. In morning trade in Japan, the euro dropped to $1.3201, its lowest level since April 30, 2009. Dealers said mounting anxiety that Greece could default on its debt may drag the common currency below $1.3000 next week. The focus throughout Asian trading was on the possible outcome of discussions among top...
  • Europe Has A Modest Proposal For Greece: "Don't Pay Wages For One Or Two Months"

    03/13/2015 10:24:02 AM PDT · by tcrlaf · 22 replies
    zerohedge ^ | 3-13-2015 | durden
    The Greek liquidity, pardon "cash flow" problems are so bad, not only Zero Hedge, but also Bloomberg has launched a daily maturity tracker of how much money Greece has to pay either to the IMF or to prefund T-Bill rollovers. This is what Bloomberg blasted out earlier today: Greece is preparing for another week of hurdles that ends with a ~EU2b repayment on March 20. Most economists say that it will be difficult for Greece to get past end of March without fresh EU funds. Here’s a timeline of the most important events scheduled this week: Monday, March 16: Greece...
  • Greece Passes Law To Plunder Pension Funds

    03/12/2015 12:01:39 PM PDT · by tcrlaf · 50 replies
    Zerohedge ^ | 3-12-2015 | Durden
    Having previously hinted that they might 'dip' into public pensions funds for some short-term cash to payback The IMF, and then confirming that the plan is to repo that cash from pension cash reserves (raising concerns about how they will unwind the repo - i.e. pay it back); the Greek government finally signed the bill today that enables them to plunder the Greek people's pension funds (for their own good). The massive irony of this bill is the bill enables greek deposits to be fully invested in Greek sovereign bonds... which Tsipras and Varoufakis both admitted today is "unsustainable" and...
  • Greece just threatened to seize German assets over World War II

    03/11/2015 9:18:34 PM PDT · by tcrlaf · 22 replies
    BI ^ | 3-11-2015 | Karolina Tagaris
    Greece's justice minister said on Wednesday he was ready to implement a High Court ruling allowing Athens to seize German state-owned property to compensate victims of a Nazi massacre in a small Greek village. Nikos Paraskevopoulos' comments come against a backdrop of rising tensions between Athens and Berlin as Greece's new leftist government struggles to persuade its European Union partners to renegotiate a 240 billion euro bailout package. Prime Minister Alexis Tsipras on Tuesday accused successive German governments of using legal tricks to avoid paying reparations for the brutal Nazi occupation of Greece and said he would support efforts to...
  • Greece says Germany owes it compensation for WWII occupation

    03/11/2015 7:17:42 AM PDT · by C19fan · 29 replies
    AFP ^ | March 10, 2015 | Staff
    The radical left-led Greek government insisted Tuesday that the debt-ridden country has never been fully compensated by Germany for its brutal World War II Nazi occupation, linking the issue with Greece's fraught bailout negotiations. Prime Minister Alexis Tsipras said a 1960 reparation deal with Germany did not cover key Greek demands, including payments for wrecked infrastructure, war crimes and the return of a forced loan exacted from occupied Greece.
  • MUST READ:Global Bail-In Plan Could Still Leave Taxpayers Holding the Bag

    03/10/2015 6:03:55 PM PDT · by RaceBannon · 12 replies
    American Banker ^ | MAR 4, 2015 10:00am ET | CHRISTOPHER WHALEN
    BEWARE OF THE BAIL_IN The Government tells the banks to grab your assets to fill their coffers when they are insolvent, the way they took GREECE money The Banks are going to call YOUR money UNSECURED DEBT Now, Look at the first paragraph: http://www.americanbanker.com/bankthink/global-bail-in-plan-could-still-leave-taxpayers-holding-the-bag-1073068-1.html
  • Economist Tells Congress: U.S. May Be in ‘Worse Fiscal Shape’ Than Greece

    03/10/2015 3:11:57 PM PDT · by Jan_Sobieski · 86 replies
    CNSNews.com ^ | 03/09/2015 | Barbara Hollingsworth
    (CNSNews.com) -- The U.S. has a $210 trillion “fiscal gap” and “may well be in worse fiscal shape than any developed country, including Greece,” Boston University economist Laurence Kotlikoff told members of the Senate Budget Committee in written and oral testimony on Feb. 25. “The first point I want to get across is that our nation is broke,” Kotlikoff testified. “Our nation’s broke, and it’s not broke in 75 years or 50 years or 25 years or 10 years. It’s broke today. "Indeed, it may well be in worse fiscal shape than any developed country, including Greece," he said. (See...
  • Varoufakis unsettles Germans with admission Greece won't repay debts

    03/10/2015 8:42:13 AM PDT · by tcrlaf · 19 replies
    Reuters UK ^ | 3-10-2015 | Madeline Chambers
    Greek Finance Minister Yanis Varoufakis has described his country as the most bankrupt in the world and said European leaders knew all along that Athens would never repay its debts, in blunt comments that sparked a backlash in the German media on Tuesday. A documentary about the Greek debt crisis on German public broadcaster ARD was aired on the same day euro zone finance ministers met in Brussels to discuss whether to provide Athens with further funding in exchange for delivering reforms. "Clever people in Brussels, in Frankfurt and in Berlin knew back in May 2010 that Greece would never...
  • Greece Proposes Using Tourists as Tax Spies to Fill Shortfall

    03/08/2015 6:04:16 AM PDT · by C19fan · 6 replies
    NY Times ^ | March 7, 2015 | Liz Alderman
    Despite the European accord last month to extend a financial lifeline to Greece, Athens is rapidly running out of cash. So it is scrambling to find new, even radical ways to fill the shortfall — including a proposal to recruit citizens and tourists to spy on suspected tax evaders. Greece’s coffers may be empty before the end of this month, as tax receipts shrink and the economy shows signs of lapsing back into recession. Athens officials have hinted they may have trouble repaying or refinancing a total of about 7 billion euros, or $7.7 billion, owed in March to the...
  • Europe: Time for the Third Way

    03/05/2015 10:11:06 AM PST · by Jan_Sobieski · 9 replies
    The Office of Tony Blair ^ | 2/11/2015 | Tony Blair
    Europe as an entity and as an ideal is more needed than ever. The individual countries of Europe need the collective power of Europe to assert their interests, influence and values. Yet, as the impasse over Greece confirms, the continent is in crisis. Many assume that some form of compromise is in the offing. Debt can somehow be kicked down the road. The Greek government will bend; the troika of creditors — the EU, ECB and International Monetary Fund — will bend and somewhere in the middle the two will come together. I do not see it. Greece is part...
  • The Greecification of Spanish Politics

    03/05/2015 8:11:12 AM PST · by Kaslin · 3 replies
    Townhall.com ^ | March 5, 2015 | Mike Shedlock
    There's an excellent post on Keep Talking Greece this evening on the simmering feud between Greek prime minister Alexis Tsipras and Spanish prime minister Minister Mariano Rajoy. Tsipras made a claim that Rajoy's plan is to "wear down, topple or bring our government to unconditional surrender before our work begins to bear fruit and before the Greek example affects other countries… And mainly before the elections in Spain. ... for obvious political reasons". Spanish foreign minister García Margallo, returned fire with a statement (a lie actually), that “Had Spain not given €32.744 billion to Greece, it could have increased the...
  • Greek Crisis Deepens

    02/28/2015 6:33:12 PM PST · by NRx · 26 replies
    The Telegraph ^ | 28 Feb 2015 | Ambrose Evans-Pritchard
    Greece's new currency designs are ready. The green 50 drachma note features Cornelius Castoriadis, the Marxisant philosopher and sworn enemy of privatisation. The Nobel poet Odysseus Elytis - voice of Eastward-looking Hellenism - honours the 200 note. The bills rise to 10,000 drachma, a wise precaution lest there is a hyperinflationary shock as Greece breaks out of its debt-deflation trap at high velocity. The amateur blueprints are a minor sensation in Greek artistic circles. They are only half in jest. Greece's Syriza radicals have signed a fragile ceasefire with the eurozone's creditor powers. Few think this can last as escalating...
  • Full Circle: The First Anti-Government Protest In Greece Turns Ugly

    02/26/2015 2:41:47 PM PST · by Kartographer · 6 replies
    Zerohedge ^ | 2/26/15 | Tyler Durden
    The first anti-government rally in Athens turned ugly as anti-authoritarian protesters started to smash the windows of a pastry shop and two jewelry shops and put two vehicles and several garbage bins on fire.
  • Greece Suffers Biggest Bank Run In History: January Deposits Plunge To 2005 Levels

    02/26/2015 7:31:52 AM PST · by SeekAndFind · 14 replies
    Zero Hedge ^ | 02/26/2015 | Tyler Durden
    One of the biggest question marks surrounding the Greek negotiation and ultimately, bailout extension, was just how panicked was the Greek population and domestic corporations. Recall that as explained previously, the tension boiled down to this: the Troika did everything in its power to accelerate the bank run in order to crush any negotiating leverage Varoufakis may have; Greece on the other hand was desperate to make its cash drain appear far better than rumored. Moments ago the Bank of Greece presented its latest, January, deposit data. And it's a doozy: following a record €12.2 billion monthly outflow, greater...
  • 'It's treason!' Greek anger at government u-turn

    02/24/2015 7:45:36 PM PST · by Lorianne · 18 replies
    CNBC ^ | 23 February 2015 | Holly Ellyatt
    European equity markets might be cheering a deal to extend Greece's aid by four months, but many ordinary Greeks feel their government has backtracked from its grand promises to strike out the bailout. Greece's left-wing government, led by Prime Minister Alexis Tspiras, was given a lifeline Friday when the Eurogroup of euro zone finance ministers reached a deal to extend the country's bailout by four months. Greece is now scrambling to present a list of reform proposals in order to secure the financial lifeline. However some Greek people have accused the new government of back-tracking from election promises that it...
  • It’s Germany vs. Greece, And The Very Survival Of The Eurozone Is At Stake

    02/24/2015 3:17:20 PM PST · by SeekAndFind · 16 replies
    TEC ^ | 02/23/2015 | Michael Snyder
    Is this the beginning of the end for the eurozone? On Thursday, Germany rejected a Greek request for a six-month loan extension. The Germans insisted that the Greek proposal did not require the Greeks to adhere to the austerity restrictions which previous agreements had forced upon them. But Greek voters have already very clearly rejected the status quo, and the new Greek government has stated unequivocally that it will not be bound by the current bailout arrangement. So can Germany and Greece find some sort of compromise that will be acceptable to both of them? It certainly does not help...
  • Greek doubts, Israel’s Sarah Palin, and more

    02/19/2015 8:22:02 PM PST · by 2ndDivisionVet · 9 replies
    The Boston Globe ^ | February 18, 2015 | Ellen Clegg
    Check out five opinions trending online, from Google’s black box to Hillary’s men. Voting with their euros: In a proxy no-confidence vote, Greeks are sending their money abroad as creditors try to reach an agreement with Prime Minister Alexis Tsipras, the Wall Street Journal’s editorial board writes. “Fleeing deposits represent a resounding vote of no confidence in the new government, and no wonder. Mr. Tsipras’s hard-left Syriza party keeps digging in against reforms that would be necessary for Greece to stay in the euro.” Read more. Israel’s Sarah Palin: Writing for the Daily Beast, Ricky Ben-David and Nira Yadin analyze...
  • Eurozone Officials Reach Accord with Greece to Extend Bailout

    02/20/2015 2:10:23 PM PST · by SteveH · 8 replies
    The New York TImes ^ | feb 20 2015 | Liz Alderman James Kanter
    Brussels- European leaders agreed on Friday to extend Greece's bailout for four months after weeks of terse negotiations.
  • Yanis Varoufakis: How I became an erratic Marxist (Greece)

    02/19/2015 7:29:27 PM PST · by Lorianne · 8 replies
    Guardian UK ^ | 18 February 2015 | Yanis Varoufakis
    Before he entered politics, Yanis Varoufakis, the iconoclastic Greek finance minister at the centre of the latest eurozone standoff, wrote this searing account of European capitalism and and how the left can learn from Marx’s mistakes ___ In 2008, capitalism had its second global spasm. The financial crisis set off a chain reaction that pushed Europe into a downward spiral that continues to this day. Europe’s present situation is not merely a threat for workers, for the dispossessed, for the bankers, for social classes or, indeed, nations. No, Europe’s current posture poses a threat to civilisation as we know it....
  • Germany rejects Greek loan request

    02/19/2015 8:27:57 AM PST · by C19fan · 31 replies
    BBC ^ | February 19, 2015 | Staff
    Germany has rejected a Greek request for a six-month extension to its eurozone loan programme. The rejection came despite the European Commission calling the Greek request "positive" only minutes earlier. Greece had sought a new six-month assistance package, rather than a renewal of the existing deal that comes with tough austerity conditions. However, a German finance ministry spokesman said it was "not a substantial proposal for a solution".
  • All Bubbles Burst: China's Real Estate Market Crashing, Eurogroup Prepare For Grexit & Default...

    02/18/2015 10:23:39 AM PST · by alexmark1917 · 6 replies
    China's Real Estate Market Crashing... Real Estate is the single biggest domestic lending segment in China. Combined with deflation in Iron Ore, Steel, Copper, and other industrial metals China's collateral quality is looking very very shaky compared to loan volume... SNIP While the world's attention is glued to events in Greece, the real action continues to evolve quietly thousands of kilometers east, in China, where the near record surge in new loans remains unable to offset the dramatic slowdown in shadow banking issuance. And while China's bubble-chasing, animal spirits have recently reoriented themselves from real estate to the stock market,...
  • Why the U.S. will have to bail out Greece

    02/18/2015 11:21:29 AM PST · by C19fan · 39 replies
    Market Watch ^ | February 18, 2015 | Matthew Lynn
    Fighting has flared up again in the Ukraine. The Egyptians are sending soldiers into Libya as another North African state collapses into chaos. The militants of Islamic State are spreading their influence across the region. You’d think Barack Obama might have bigger foreign policy issues to worry about than a small state of 10 million people on the eastern edges of the Mediterranean. But Greece may be about to turn from a European into an American problem. As the game of brinkmanship between the radical Syriza government elected last month and the European Union gets played out, it has become...
  • Greek Bailout Talks Collapse Within 4 Hours

    02/17/2015 8:36:50 AM PST · by Kaslin · 33 replies
    Townhall.com ^ | February 17. 2015 | Mike Shedlock
    Greece Says Extension is "Absurd" Talks between Greece and eurozone officials were expected to last through the night. Instead Greece Bailout Talks Collapsed in Acrimony after four hours. A crucial meeting of eurozone finance ministers over the future of Greece’s bailout broke down in acrimony after Athens angrily rejected the bloc’s insistence that it extend its current €172bn rescue as “absurd” and “unacceptable”. It is the second time in five days that negotiations between the new anti-austerity Greek government and its eurozone creditors have collapsed and it means Athens, whose public finances are deteriorating fast, could soon be left with...
  • Greece Bailout Talks Break Down After Athens Rejects 'Unacceptable' Eurozone Demands [O: "Warns"?]

    02/16/2015 8:18:54 PM PST · by Steelfish · 20 replies
    Guardian (UK) ^ | February 16, 2015 | Jennifer Rankin
    Greece Bailout Talks Break Down After Athens Rejects 'Unacceptable' Eurozone Demands Creditors present ultimatum as finance minister insists other members must water down austerity conditions if country is to reach ‘honourable agreement’ Jennifer Rankin 16 February 2015 Talks between Greece and its eurozone creditors collapsed in disarray on Monday night, heightening concerns that the country is edging closer to a disruptive exit from the single currency. The breakdown of discussions in Brussels over the Greek bailout programme appeared to leave both sides as far apart as ever, although eurozone finance ministers said a last-ditch summit could be held on Friday....
  • Greek crisis talks collapse in acrimony as Syriza defies EMU

    02/16/2015 2:05:21 PM PST · by NRx · 23 replies
    The Telegraph ^ | 16 Feb 2015 | Ambrose Evans-Pritchard
    Greece is on a collision course with the eurozone’s creditor powers after emergency talks ended in acrimony on Monday night, triggering the most serious political crisis since the launch of the euro. The Leftist Syriza government reacted with fury to eurozone demands that it must stick to the country’s discredited austerity plan, describing the draft text as “absurd and unacceptable”.
  • US and Greece helping to save the euro

    02/16/2015 12:03:14 PM PST · by Lorianne · 6 replies
    CNBC ^ | 15 February 2015 | Michael Ivanovitch
    Greece's pleas to stop the "fiscal waterboarding" of its devastated economy are substantively no different from President Obama's repeated warnings to Germany to stop bleeding the euro area economy with excessive fiscal austerity. Sadly, the president's reportedly more than a dozen phone calls to the German Chancellor Merkel in 2011 and 2012 urging supportive economic policies in the euro area fell on deaf ears. These calls were not just brushed aside; they were plainly ridiculed as Chancellor Merkel kept telling the media that "it made no sense to be adding new debt to old debt." But -- worrying about one-fifth...
  • Greeks brim with pride as country totters on the edge

    02/15/2015 5:32:22 AM PST · by C19fan · 39 replies
    Reuters ^ | February 15, 2015 | Deepa Babington and Karolina Tagaris
    For over a fortnight, Europe's single warning to Greece has been that the chaos and misery of national bankruptcy await it unless its new left-wing government changes its anti-austerity tune. The message of impending doom appears to have gone largely unnoticed on the streets of Athens, where a mood of hope and optimism bordering on euphoria reigns as Greeks see themselves finally shaking off foreign shackles to shape their own destiny.
  • White House Warns Europe On Greek Showdown ["Warns" Syria, Israel, ISIS, Russia, Egypt, Libya...]

    02/14/2015 10:18:19 AM PST · by Steelfish · 25 replies
    Telegraph(UK) ^ | February 15, 2015
    White House Warns Europe On Greek Showdown Washington blames Europe for the lack of global recovery and is losing its patience with EMU creditor states that fail to pull their weight By Ambrose Evans-Pritchard 13 Feb 2015 The Obama administration has leapt to the defence of Greece, warning Germany and Europe’s creditor powers that they must meet Athens half-way to avert a potentially dangerous rupture and a euro break-up. Caroline Atkinson, the US deputy-national security adviser, said the eurozone authorities had imposed the main burden of adjustment on the weaker deficit states and should do more to accept their share...
  • Super Hero of Cartoon Character

    02/14/2015 7:01:17 AM PST · by Kaslin · 12 replies
    Townhall.com ^ | February 14, 2015 | Charles Payne
    "I want to work with Congress to replace mindless austerity with smart investments that strengthen America," said President Obama in a recent speech at the Department of Homeland Security. In the making of a counter-cultural hero, in an era of failed responsibility and in an era of passing the buck, a new superstar has been found. In America, we have Elizabeth Warren, who is coming on like gangbuster as an alternative to Hillary Clinton, something I predicted a long time ago. In Europe, Yanis Varoufakis, the Greek finance minister whose un-tucked shirts worn with blue jeans have become a symbol...
  • Greek Talks Fall Apart

    02/13/2015 2:11:33 PM PST · by Kaslin · 35 replies
    Townhall.com ^ | February 13, 2015 | Mike Shedlock
    At midnight, Greece turns into a pumpkin. The clock is clearly ticking but is this the 10th or 11th hour? Given the eurozone propensity to extend deadline after deadline, it's hard to say precisely what time this is. But we can say Greek Bailout Talks with Europe Break Down. Eurozone finance ministers’ first attempt to grapple with the bailout demands made by the new Greek government broke down in recriminations after the two sides failed even to agree a way to take negotiations forward after six hours of talks in Brussels. Jeroen Dijsselbloem, the Dutch finance minister who chairs the...
  • Germany faces impossible choice as Greek austerity revolt spreads

    02/12/2015 2:10:28 PM PST · by Lorianne · 17 replies
    Guardian UK ^ | 11 February 2015 | Ambrose Evans-Pritchard
    The political centre across southern Europe is disintegrating. Establishment parties of centre-left and centre-right - La Casta, as they say in Spain - have successively immolated themselves enforcing EMU debt-deflation. Spain's neo-Bolivarian Podemos party refuses to fade. It has endured crippling internal rifts. It has shrugged off hostile press coverage over financial ties to Venezuela. Nothing sticks. The insurrectionists who came from nowhere last year - with Trotskyist roots and more radical views than those of Syriza in Greece - are pulling further ahead in the polls. The latest Metroscopia survey gave Podemos 28pc. The ruling conservatives have dropped to...
  • Greek Gambit Succeeds As Germany Said To Ease Bailout Terms

    02/12/2015 12:03:09 PM PST · by Rusty0604 · 10 replies
    Zerohedge ^ | 02/12/2015 | Tyler Durden
    With tax receipts tumbling and ELA funding hitting its limit, the Greeks are up against it. On the other side, the Greek strength in the face of EU's demands (and Eurogroup's realization of the uncertainty this could lead to) has apparently led to the start of compromise. As Bloomberg reports, •*GERMAN, GREEK OFFICIALS SIGNAL COMMON GROUND ON AID DEAL •*GERMANY SAID NOT TO INSIST ALL PARTS OF CURRENT BAILOUT STAY •*GREECE SAID TO BE OPEN TO SURPLUS, PRIVATIZATION DEBATE As Merkel noted earlier, "Europe is always about finding a compromise," and it appears they are getting closer - as long...
  • Greece threatens tilt to Russia and China unless Europe yields

    02/11/2015 3:18:31 PM PST · by NRx · 43 replies
    The Telegraph ^ | 10 Feb 2015 | Ambrose Evans-Pritchard
    It is important for clients to be aware of the total amount they paid for day care, and have the day care provider's tax ID number, Social Security number or employer identification number (EIN). A new requirement in 2015, those filing tax returns must bring proof of health insurance, for example Affordable Health Care Act Forms 1099 A, B, or C. Clients should know birth dates for the members of their family. Health Care Marketplace Navigators will be at each tax site to assist families with enrollment in the health insurance marketplace and to answer questions regarding tax credits and...
  • Tomorrow Greece Decides: Europe... Or Russia

    02/10/2015 1:33:52 PM PST · by Enlightened1 · 31 replies
    Zero Hedge ^ | 2/10/15 | Tyler Durden
    Greek Defence Minister Panos Kammenos said that if Greece failed to get a new debt agreement with the euro zone, it could always look elsewhere for help. "What we want is a deal. But if there is no deal - hopefully (there will be) - and if we see that Germany remains rigid and wants to blow apart Europe, then we have the obligation to go to Plan B. Plan B is to get funding from another source," he told Greek television show that ran in to early Tuesday. "It could the United States at best, it could be Russia,...
  • Greek Revolt Long Overdue

    02/10/2015 12:00:12 PM PST · by Kaslin · 38 replies
    Townhall.com ^ | February 10, 2015 | Peter Morici
    Germany has been sacking Greece and other Mediterranean economies for years, and the Hellenic revolt against austerity is overdue. When the euro was established in 1999, prices were translated from the mark, franc and other currencies into euro at prevailing exchange rates. (Greece joined the Eurozone in 2001, giving up the drachma.) National prices reflected differences in labor costs and efficiency across countries, but owing to a variety of social and demographic conditions, productivity improved more rapidly in Germany and other northern countries. Making goods in the South became too expensive, and Greece and others could no longer export enough...
  • Greek Dependency Has Created Dangerous Illusions

    02/10/2015 9:47:07 AM PST · by Kaslin · 8 replies
    Townhall.com ^ | February 10, 2015 | John Browne
    Once again the crisis in Greece is threatening the unity of the entire euro zone. Many analysts are asking what must be done to restore viability to the Union's weakest link. Lost in this discussion is that modern Greece, formed in 1830, has never really been required to stand on its own. Generations of support from abroad, typically given for strategic reasons, has created a false sense of prosperity in the country and has prevented the Greeks from accepting the realities of their current situation. When Greece fought for its independence against the Ottoman Empire in the 1820s, the struggle...
  • Greek defense minister says Greece has Plan B if EU rigid on deal

    02/10/2015 7:19:10 AM PST · by Rusty0604 · 11 replies
    Reuters ^ | 02/10/2015 | Reuters/Alkis Konstantinidis
    Greek Defence Minister Panos Kammenos said that if Greece failed to get a new debt agreement with the euro zone, it could always look elsewhere for help. "What we want is a deal. But if there is no deal - hopefully (there will be) - and if we see that Germany remains rigid and wants to blow apart Europe, then we have the obligation to go to Plan B. Plan B is to get funding from another source," he told Greek television show that ran in to early Tuesday. "It could the United States at best, it could be Russia,...
  • Barley and wheat residues in Neolithic cemeteries of Central Sudan and Nubia

    02/10/2015 12:15:00 AM PST · by SunkenCiv · 5 replies
    Past Horizons ^ | February 9, 2015 | PLOS ONE
    A research team successfully identified ancient barley and wheat residues in grave goods and on teeth from two Neolithic cemeteries in Central Sudan and Nubia, showing that humans in Africa were already exploited domestic cereals 7,000 years ago and thus five hundred years earlier than previously known. Dr. Welmoed Out from Kiel University said, “With our results we can verify that people along the Nile did not only exploit gathered wild plants and animals but had crops of barley and wheat.” These types of crops were first cultivated in the Middle East about 10,500 years ago and spread out from...
  • Untouched Mycenaean Tomb Found in Central Greece

    02/10/2015 12:09:32 AM PST · by SunkenCiv · 17 replies
    Greek Reporter ^ | February 7, 2015 | Ioanna Zikakou
    An ancient Greek Mycenaean tomb was unearthed in Amfissa, central Greece, during an irrigation project that required excavation in the area. It is a unique finding, the first of its kind that has ever been found in West Locris and one of the few in central Greece. The preliminary archaeological study of the findings shows that the tomb was used for more than two centuries, from the 13th to the 11th century B.C.. Within the burial chamber archaeologists found a large amount of skeletal material, which had accumulated near the surrounding walls, while a few better preserved burials were also...