TO SPEAK WITH CUSTOMER SERVICE

302-256-5080

Tag: Greece

Defiant Tsipras Threatens to Detonate European Crisis Rather than Yield to Creditor “Monstrosity”

The Greek prime minister has accused Europe's leaders of 'issuing absurd demands' Greek premier Alexis Tsipras has accused Europe's creditor powers of issuing "absurd demands" and come close to warning that his far-Left government will detonate a pan-European political and strategic crisis if pushed any further. Writing for Le Monde in a tone of furious defiance after the latest set of[...]

How this Debt-Addicted World Could Go the Way of the Mayans

Paying a high price for too many elites and their ‘frivolous cravings’ Nowadays many countries’ social and political structure relies on debt-driven consumption and increasing levels of entitlements. Blame the policy makers. To drive economic growth, boost living standards, and manage growing inequality, policy makers have used debt and monetary tools to create economic activity. This has [...]

Greece May Sign Russia Gas Deal As Soon As Today

It appears that Herr Schaeuble will be left in the cold as following comments from the Greek energy minister that a deal is coming "soon,"  it is being reported that: *RUSSIA MAY SIGN GAS LINK ACCORD W/ GREECE TODAY: ROSSIYA 24 According to Gazprom's CEO comments on Greek TV, following his meeting with Greek PM Tsipras, Russia will guarantee 47BCM/YR of gas via Greece with the link to be[...]

“We Have Come To The End Of The Road” – Greece Prepares For Default, FT Reports

Update: as always is the case in Europe, nothing is confirmed until it is officially denied by officials, so here you go:GREEK GOVT OFFICIAL DENIES FT REPORT GREECE PLANNING DEFAULT There was no explanation from the government official where Greece would get the €2.5 billion it needs to fund upcoming IMF interest and principal payments. * * * It should hardly come as a surprise that after[...]

Humiliated Greece Eyes Byzantine Pivot as Crisis Deepens

Neither side holds the upper hand in the strategic game of chicken which could still see Greece forced out of the euro By 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[...]

The Economic Consequences Of Greece

Authored by Alberto Bagnai, Brigitte Granville, and Antoni Soy, originally posted at Project Syndicate, The first sentence of the 1957 Treaty of Rome – the founding document of what would eventually become the European Union – calls for “an ever-closer union among the peoples of Europe." Recently, however, that ideal has come under threat, undermined by its own political elite, which[...]

The Latest Country to Defy the Banksters – Will a Stampede Eventually Follow?

Resistance to Banker Rule Spreads As we’ve discussed before, the bankers have need of keeping the dream of Eurasia from becoming a reality. It is the thing which they pull out all the stops to prevent. Many countries in the recent past, especially those in the Middle East, or in Europe’e periphery, who’ve dared to assert their own interests, have been put down in the most gruesome ways.[...]

Legend Just Warned Greek Deal Has No Substance And The Crisis May Become Catastrophic Financial Ebola

From King World News Eric King: “After the news of this so-called deal with Greece was announced, I thought of one guy on the planet I could call to find out what this really means and that’s you, Art. You’ve been doing this for over half a century, you are a legend in the business and honestly, I don’t know who else I would call to get some clarity on this unless I went straight to the[...]

How Germany Is Blowing Up The European Union

As Germany is set to reject a Greek loan extension request (and no, international press, that is not the same as an extension of the bailout program), Steve Keen uses proprietary numbers issued by the OECD – which is supposed to be on Germany’s side?! – to show how dramatically austerity has failed in Europe- that is, if the recovery of the Greek and Spanish economies was ever the real[...]

ECB Risks Crippling Political Damage if Greece Forced to Default

If Greece defaulted, the German people would discover instantly that a large sum of money committed without their knowledge and without a vote in the Bundestag had vanished By Ambrose Evans-Pritchard The political detonating pin for Greek contagion in Europe is an obscure mechanism used by the eurozone's nexus of central banks to settle accounts. If Greece is forced out of the euro in[...]

1 2