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Keyword: europeanunion

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  • Greece says will not cooperate with troika or seek aid extension

    01/30/2015 11:48:58 AM PST · by tcrlaf · 15 replies
    cnbc ^ | 1-30-2015 | Reuters
    Greece's government will not cooperate with the EU and IMF mission bankrolling the country and will not seek an extension to the bailout program, its finance minister said on Friday. Jeroen Dijsselbloem, head of the euro zone finance ministers' group who is in Athens for talks with the new government, said the two sides would decide what would happen next before the program ends on Feb. 28.
  • New Greek nationalist defense minister prompts Turkey to scramble jets

    01/30/2015 11:38:21 AM PST · by tcrlaf · 17 replies
    Yahoo News/Reuters ^ | 1-29-2015 | Reuters
    Greece's new nationalist defense minister prompted Greece's perennial rival Turkey to scramble jets on Friday, just days after he took office, by flying over uninhabited islets off the Turkish coast that nearly triggered a war in 1996. Turkish fighter jets entered Greek airspace and were intercepted by Greek jets as Defence Minister Panos Kammenos and military chiefs flew by helicopter to the islet of Imia to drop wreaths in memory of three Greek officers killed nearby in a helicopter crash 19 years ago, the Greek Defence Ministry said. Kammenos heads the small, right-wing, Eurosceptical Independent Greeks party, and the episode...
  • German defense minister plans long-term modernization of military

    01/30/2015 11:33:41 AM PST · by Olog-hai · 15 replies
    Deutsche Welle ^ | 30.01.2015 | [mg/bw (AFP, dpa)]
    Germany’s defense minister Ursula von der Leyen said Friday that her government planned to make the military one of the most sought after employers in the country. Von der Leyen was presenting a proposal for a more attractive Bundeswehr at the German parliament, the Bundestag. “This isn’t a sprint; rather, we have a marathon ahead of us,” the minister said. Von der Leyen, who belongs to the Christian Democratic Union (CDU), proposed more part-time work, better promotion opportunities and legally-stipulated working hours—a first in the German military. …
  • Rising Anti-Semitism: Increasing Numbers of French Jews Moving to Israel

    01/30/2015 10:45:13 AM PST · by Olog-hai · 8 replies
    Der Spiegel ^ | January 26, 2015 – 04:44 PM | Nicola Abé and Julia Amalia Heyer
    … Recent years have seen a rise in the number of French Jews leaving for Israel, with fear of attacks being the most important reason for making the so-called “Aliyah,” as the “return” to Israel is referred. And the list of attacks is long. In 2006, young mobile-phone salesman Ilan Halimi was kidnapped by a youth gang and tortured to death. Two years ago, gunman Mohamed Merah shot and killed children and a teacher at a Jewish school in Toulouse. Just two months ago, a couple was robbed in the Créteil district on the outskirts of Paris and the woman...
  • Eurozone deflation hits –0.6%

    01/30/2015 6:32:21 AM PST · by Olog-hai · 13 replies
    European Voice ^ | 01/30/2015 11:42 CET | Dave Keating
    The eurozone experienced negative inflation for the second month in a row, according to a flash estimate published today (30 January) by Eurostat, the European Union’s statistical office. Inflation is expected to be at −0.6%, with consumer prices falling further than economists had forecast. The fall represents the biggest decline in prices in the history of the euro. […] The drop was driven by the fall in energy prices (−8.9%, compared with −6.3% in December). […] The deflationary spiral comes as Mario Draghi, the president of the European Central Bank (ECB), is trying to tackle deflation with a policy of...
  • EU antiterror chief calls for common laws against jihadis

    01/30/2015 9:51:37 AM PST · by Olog-hai · 11 replies
    Associated Press ^ | Jan 30, 2015 12:08 PM EST
    The European Union’s counterterrorism chief says member states need to have common laws against Europeans traveling to Syria and Iraq to join jihadist groups. […] Gilles de Kerchove told reporters in Riga on Friday that “it’s important to have the same definition of what is it when you go abroad for training purposes to fight.” …
  • The moochers won in Greece

    01/29/2015 11:06:03 AM PST · by Starman417 · 41 replies
    Flopping Aces ^ | 01-29-15 | Robert H. Lee
    Syriza, the neo-communist party led by Alexis Tsipras, has won the elections in Greece. The party is a collection of Marxists, Socialists, Maoists, Trotskyites and Greenies. In other words, Syriza is the party of the moochers. They oppose the austerity measures that the troika of the EU, European Central Bank and the IMF imposed on them in exchange for loans. The Greeks, who cheated their way into the EU, are fed up with the austerity measures. They remind me of someone who maxed out his credit card and had to depend on his relatives to save him from bankruptcy. As...
  • Germany's top institutes push 'Grexit' plans as showdown escalates

    01/29/2015 7:54:25 AM PST · by C19fan · 5 replies
    UK Telegraph ^ | January 27, 2015 | Ambrose Evans-Pritchard
    A top German body has called for a clear mechanism to force Greece out of the euro if the left-wing Syriza government repudiates the terms of the country’s €245bn rescue. “Financial support must be cut off if Greece does not comply with its reform commitments,” said the Institute of German Economic Research (IW). "If Greece is going to take a tough line, then Europe will take a tough line as well." IW is the second German institute in two days to issue a blunt warning to the new Greek premier, Alexis Tsipras, who has vowed to halt debt payments and...
  • Lack Of Reform, Not Austerity, Doomed Greek Economy

    01/29/2015 6:41:29 AM PST · by SeekAndFind · 4 replies
    IBD ^ | 01/28/2015 | Alvaro Vargas Llosa
    The real Greek tragedy is not that Alexis Tsipras from the radical left-wing Syriza party won that country's recent election, becoming prime minister in the cradle of democracy. Voters can reverse that mistake when they realize that his policies are doing more harm than good. The real tragedy is that Greek voters, like other Europeans who are embracing far-right or far-left parties, cast their ballots in response to draconian austerity measures, imposed by the European Union (EU) and International Monetary Fund (IMF), that they equate with free-market capitalism and globalization. The consequences of this ideological travesty will last much longer...
  • France told to repay €1 billion in EU farm aid

    01/28/2015 5:34:45 PM PST · by Olog-hai
    TheLocal.fr ^ | 27 Jan 2015 15:22 GMT+01:00 | (AFP)
    France must repay the EU €1.07 billion ($1.2 billion) in agricultural aid paid to farmers due to fraud and mistakes over a four-year period, the European Commission said on Tuesday. The money, about 2 percent of the €40 billion that France has received from Brussels between 2008 and 2012 under the EU’s Common Agricultural Policy, must be repaid in three installments up to 2017, a European source said. France was penalized for failing to check farmers’ claims for subsidies, especially on environmental issues and calculating the area of arable land. …
  • Greece's Syriza Party: We’re Not on Board with Sanctions on Russia

    It looks like not all European governments signed off on yesterday’s joint statement encouraging new sanctions on Russia. The Wall Street Journal reports: Greece’s new government, though, jumped into an early diplomatic spat with Brussels over the statement, which it said it hadn’t approved. The statement “was circulated without having followed the correct procedure for ensuring the consent of member states and, in particular, without ensuring Greece’s consent,” said Dimitrios Tzanakopolous, a senior aide to new Greek Prime Minister Alexis Tsipras. The disagreement suggests the election victory of Mr. Tsipras’s left-wing Syriza party on Sunday could deepen divides within the...
  • Tsipras, The Man With A Plan Since Being Elected Greek PM

    01/26/2015 2:37:11 PM PST · by alexmark1917 · 4 replies
    INVESTMENT WATCH BLOG ^ | 1/26/2015 | Worker Ant #11
    Left-wing victor of Greece's election, Syriza's Alexis Tsipras, says: "Today the Greek people wrote history" http://t.co/OKEjqZ2FKe — BBC Breaking News (@BBCBreaking) January 25, 2015 Who is Alexis Tsipras – Greece's 'Harry Potter' or the man steering the EU towards an iceberg? http://t.co/vD4I4oVntV pic.twitter.com/ne4pj32aER — The Independent (@Independent) January 26, 2015 First act as PM, #Tsipras visits Kaisariani rifle range where Nazis executed 200 Greeks on 1 May 1944 v/@dgatopoulospic.twitter.com/a4CeNgsw66 — Damian Mac Con Uladh (@damomac) January 26, 2015 Syriza’s Tsipras sworn in after Greek government formed with rightwingers New PM takes oath after radical leftists agree to share power with...
  • Nobel winner: Germany's the problem, not Greece

    01/26/2015 10:47:29 AM PST · by Citizen Zed · 20 replies
    cnbc ^ | 1-26-2015
    Nobel Prize-winning economist Joseph Stiglitz told CNBC on Monday that the euro zone should stay together but if it breaks apart, it would be better for Germany to leave than for Greece. "While it was an experiment to bring them together, nothing has divided Europe as much as the euro," Stiglitz said in a " Squawk Box " interview. The risk of a sovereign default in Greece has increased after the anti-austerity party Syriza won Sunday's snap elections, raising concerns over the possibility of a Greek exit from the euro zone. Greece is not the only economy struggling under the...
  • Russia may declare 1990 reunification illegal (i.e. West/East Germany)

    01/28/2015 3:10:43 PM PST · by Olog-hai · 35 replies
    TheLocal.de ^ | 28 Jan 2015 15:54 GMT+01:00
    More than 25 years after the Berlin Wall’s fall, Russian lawmakers are mulling a proposal to condemn West Germany’s 1990 “annexation” of East Germany as Moscow’s answer to Western denunciation of its seizure of Crimea. Sergei Naryshkin, speaker of Russian parliament’s lower house, on Wednesday ordered legislators to consider an appeal from a Communist Party deputy to denounce the reunification of Germany as an illegal land grab of East Germany by its western neighbor. The collapse of Socialist rule in East Germany—officially known as the German Democratic Republic (GDR)—heralded the end of the Cold War, and was met with jubilation...
  • Austrian Bank On The Edge! Derivatives Is 10 Times The Size Of The Global Economy

    01/28/2015 1:49:24 PM PST · by alexmark1917 · 18 replies
    Last year Austria's largest bank, Erste Bank, sent shudders of Credit Anstalt through the European Banking System. This year it is Austria's 3rd largest bank that is scaring investors senseless. On the heels of the Swiss National Bank's decision to un-peg from the Euro, Raiffeisen Bank's Swiss-Franc-Denominated mortgage worries have resurfaced (along with Russian/Ukraine writedowns) and nowhere is that more evident than the total collapse of the bank's bonds (from over 95c to 65c today). Even after the ECB Q€ (and some apparent intervention to weaken the Swissy) bonds kept free-falling. Perhaps, The Freedom Party's demands for a bailout will...
  • Germany - no debt haircut for Greece but bailout extension an option

    01/28/2015 3:55:38 AM PST · by Berlin_Freeper · 16 replies
    reuters.com ^ | January 28, 2015 | Reuters
    The German government stuck to its view on Monday that a third haircut, or debt restructuring, for Greece was out of the question but opened the door to a possible extension of Greece's current bailout programme.
  • Greece says No to EU statement on Russia

    01/27/2015 12:12:22 PM PST · by tcrlaf · 20 replies
    EUObserver ^ | 1-27-2015 | Andrew Rettman
    he new far-left government in Greece dropped a bombshell on its first day in office by abjuring an EU statement on Russia. It said in a press communique on Tuesday (27 January): “the aforementioned statement was released without the prescribed procedure to obtain consent by the member states and particularly without ensuring the consent of Greece”. “In this context, it is underlined that Greece does not consent to this statement”. It added that its new PM, Alexis Tsipras, expressed “discontent” in a phone call to EU foreign relations chief Federica Mogherini. The EU statement on Russia, published on Tuesday morning,...
  • Switzerland and Syriza

    01/27/2015 11:45:59 AM PST · by JSDude1 · 5 replies
    Restate ^ | January 27 2015 | Repair_Man_Jack
    credit the world’s various political leftists for being brilliant at one thing. They have managed to assemble a coalition of interest groups whose vested interests should probably cause them to chase each other around in the street armed with shotguns. Nowhere is that awesome class divide among the left on greater display than in Europe where the Parlor Pinks infest Davos and the Street Marxians have taken electoral power in Greece. If you were to ask both Jeffrey Greene and newly-minted Greek Prime Minister Alexis Tsipras whether they felt society should be unfettered by larger government or directed for its...
  • Greece's radical new leader declares war on country's all-inclusive resorts visited

    01/27/2015 7:33:58 AM PST · by C19fan · 56 replies
    UK Daily Mail ^ | January 27, 2015 | Hannah Roberts and Jenny Stanton
    Greece's new radical Prime Minister has declared war on the country's all-inclusive holiday resorts and vowed to limit them. All-you-can-eat breakfast buffets and unlimited cocktails and ouzo by the pool could become a thing of the past in Greece despite the all-inclusive travel industry, that brings in £1.5billion for the country. Alexis Tsipras, leader of the triumphant anti-bailout party Syriza, believes such deals 'alienate tourists from the local economy' by keeping them behind resort gates and away from local businesses and attractions. He has warned that contracts with large resort chains will be reviewed and deals to sell public land...
  • Greek coalition braces for debt showdown as Germany rattles sabre

    01/27/2015 6:51:02 AM PST · by C19fan · 10 replies
    UK Telegraph ^ | January 26, 2015 | Ambrose Evans-Pritchard
    The new Greece of Alexis Tsipras will run out of money by early March. It will then face a series of escalating crunch points that will end in default and a return to the drachma unless it can reach a deal with EU creditors. Greece must repay €3.4bn to the International Monetary Fund in February and March. Tax revenues have collapsed as Greeks preempt what they hope will be a repeal of austerity taxes. “There is only €1.9bn left in the cash kitty, and the government has spending costs of $2.5bn coming up. Somebody needs to lend the country money...
  • Greece could seek US200 billion war reparations from Germany

    01/27/2015 5:14:19 AM PST · by 2ndDivisionVet · 24 replies
    Famagusta Gazette ^ | January 27, 2015 | Staff
    THE NEW government in Athens may seek billions of dollars from Germany in payment for crimes committed by the Nazi’s in Greece during World War Two. In his first act as prime Minister, Alexis Tsipras visited the memorial site at the Kaisariani rifle range; where Nazi occupiers executed 200 Greek prisoners in reprisals for the killing of a German general in 1944. Earlier this month, Tsipras said that if he were to win the election, he would seek war reparations from Germany along with a write-down of Greece’s debt. "We are going to demand debt reduction, and the money Germany...
  • The Greek voters' unlikely darling: Their taxman

    01/26/2015 1:10:49 PM PST · by shove_it · 2 replies
    CNBC ^ | 26 Jan 2015 | Michelle Caruso-Cabrera
    The most unpopular man in Greece appears to have won enough votes to become a new member of the debt ridden country's parliament. The most unpopular man in Greece appears to have won enough votes to become a new member of the debt ridden country's parliament. Greece's former chief tax collector, Harry Theoharis, ran on the ticket of a new party called To Potami, or "The River." Despite the country's national notoriety for evading taxes, early indications are that many Greeks voted for the man who was their main collector. The candidate and other Greek election-watchers expect vote tallies to...
  • Powell blames Hamas, Islamic Jihad for Palestinians' situation

    06/22/2003 9:25:08 AM PDT · by veronica · 11 replies · 217+ views
    Haaretz ^ | June 21, 2003 | Arnon Regular, Yossi Verter, Shlomo Shamir
    DEAD SEA, Jordan - U.S. Secretary of State Colin Powell said Sunday he was concerned about the Israeli killing of a leading member of Hamas but nevertheless emphasized that Hamas and Islamic Jihad shoulder primary responsibility for the difficult situation facing the Palestinian people. Powell added that Middle East peace negotiators needed to keep working despite the killing of the Hamas leader in Hebron on Saturday at the hands of Israeli special police forces. "I regret we had an incident that could be an impediment to progress," he told a news conference after a meeting of the "Quartet" of key...
  • BBC Accused of ‘Race-Baiting’ over Galloway Golders Green Invite

    01/27/2015 11:15:18 AM PST · by Olog-hai · 18 replies
    INN ^ | 1/27/2015, 7:37 PM | Ari Soffer
    The BBC has been accused of “race-baiting” for inviting radical anti-Israel MP George Galloway to appear at a high-profile show hosted in Finchley and Golders Green, which is home to one of the largest Jewish communities in the UK. “Question Time” sees commentators and political figures take part in a panel discussion on hot political topics, as well as fielding questions from members of the audience. Each episode is filmed in different locations around the country to allow different communities to take part. But the decision to invite Galloway of all people to the upcoming showing—which will be based in...
  • This Is The Beginning Of The End For The Euro

    01/27/2015 10:23:22 AM PST · by SeekAndFind · 21 replies
    TEC ^ | 01/27/2015 | Michael Snyder
    The long-anticipated collapse of the euro is here. When European Central Bank president Mario Draghi unveiled an open-ended quantitative easing program worth at least 60 billion euros a month on Thursday, stocks soared but the euro plummeted like a rock. It hit an 11 year low of $1.13, and many analysts believe that it is going much, much lower than this. The speed at which the euro has been falling in recent months has been absolutely stunning. Less than a year ago it was hovering near $1.40. But since that time the crippling economic problems in southern Europe have gone...
  • Add this to Greece's list of problems: It's an emerging hub for terrorists

    01/26/2015 7:31:06 PM PST · by LSUfan · 13 replies
    CNN ^ | 26 Jan 15 | Tim Lister and Ioannis Mantziko
    The new Greek government has plenty of challenges ahead of it: A towering debt, chronic unemployment and relations with the rest of Europe. But it also has an urgent security problem. Greece has become an unwitting crossroads -- both for jihadists trying to reach Iraq and Syria from Europe, and for fighters returning home from the Middle East.
  • Greece’s new anti-austerity government set on collision course with Brussels

    01/26/2015 12:57:20 PM PST · by tcrlaf · 51 replies
    UK Gaurdian ^ | 1-26-2015 | Helena Smith in Athens, Julian Borger in Brussels and Katie Allen in London
    Greek radicals sought on Monday to redraw the political map of Europe, forming a coalition government of left and right, united only by their desire to defy the European financial establishment and shrug off the constraints of austerity. The coalition, led by 40-year-old Alexis Tsipras, was expected to dispatch its new finance minister to Brussels in the next few days to seek a fundamental renegotiation of Greece’s economic bailout package, vowing that “the end of humiliation has come”. Tsipras and his Syriza party have promised to replace the austerity programmes imposed by Greece’s international creditors with policies aimed at helping...
  • Government of Spain Makes New Law: Muslims No Longer Allowed to Come Through Our Borders

    01/26/2015 7:13:44 AM PST · by fivecatsandadog · 46 replies
    Shoebat.com ^ | January 19, 2015 | Theodore Shoebat
    Spain has made a new law: Muslims will no longer be able to come through their borders between Spain and North Africa. (Video at link).
  • Syriza Trounces New Democracy; Greeks Stop Paying Taxes; Run on Greek Banks Escalates; Get Out!

    01/26/2015 8:11:29 AM PST · by Kaslin · 40 replies
    Townhall.com ^ | January 26, 2015 | Mike Shedlock
    As late as yesterday I read numerous mainstream media reports that Syriza would win by three to five percent and would need to form an unstable coalition to rule. In contrast, here was my January 19 prediction (and rationale): Expect a Blowout Win by Syriza in Greece. Syriza Trounces New Democracy The final votes are not counted, but exit polls show a blowout, with incumbent party New Democracy going down in flames. The Wall Street Journal reports GreeceÂ’s Radical Leftist Syriza Party Poised to Win Election, Exit Polls Say. Syriza appeared set to win between 35.5% and 39.5% of the...
  • Mass Delusion among Greece’s Far Left: Victorious Syriza wants Greece to skip out on its debts.

    01/26/2015 7:44:07 AM PST · by SeekAndFind · 36 replies
    National Review ^ | 01/26/2015 | Tom Rogan
    In Greece, the far-left Syriza party has won a stunning victory. Under the leadership of charismatic populist Alexis Tsipras, it has claimed around 150 parliamentary seats and defeated the governing centrist New Democracy party. Across Europe, leftists are elated. They see this as a historic turning point, the moment when they can put a stop to the austerity-through-spending-cuts approach. And to some degree, they’re right. There’s no question that voters have rewarded a far-left party for its far-left platform. Just consider what Syriza proposes: significant increases in government spending, a rise in the minimum wage and in pensions, and a...
  • Syriza and Independent Greeks agree Greece coalition

    01/26/2015 6:44:33 AM PST · by Nextrush · 40 replies
    BBC News ^ | 1/26/2015 | BBC
    The far-left Syriza party, the winner of Greece's election, has formed an anti-austerity coalition with a right-wing party, the Greek Independents. Syriza leader Alexis Tsipras has taken the oath of office as the new prime minister. He has vowed to renegotiate Greece's bailout, worth 240 bn euros (179 bn pounds, $268 bn). European Commission head Jean-Claude Juncker congratulated Mr. Tsipras while reminding him of the challenge of "ensuring fiscal responsibility.".......... With nearly all of the votes counted in Sunday's poll, Syriza looks set to have 149 seats, just two short of an absolute majority. The Greek Independents are projected to...
  • Germany: Holy War Erupts in Hamburg

    10/16/2014 8:36:25 AM PDT · by GonzoII · 34 replies
    Gatestone Institute ^ | October 15, 2014 | Soeren Kern
    Germany: Holy War Erupts in Hamburg by Soeren Kern October 15, 2014 at 5:00 am "We are living in Hamburgistan." — Daniel Abdin, imam of Hamburg's Al-Nour Mosque.One politician has been repeatedly threatened with beheading as the price to pay for leading a fundraising campaign to provide food and water for Kurds in northern Iraq."As a society we must ask ourselves: how can it be that people who live in Germany and... born and raised here, are supporters of a brutal, inhuman and fundamentalist group such as the IS and attack peaceful protestors with knives, sticks and machetes. Here...
  • Germany halts arms exports to Saudis

    01/26/2015 2:38:06 AM PST · by Olog-hai · 7 replies
    TheLocal.de ^ | 25 Jan 2015 08:56 GMT+01:00 | (AFP)
    Germany has decided to stop arms exports to Saudi Arabia because of “instability in the region,” German daily Bild reported on Sunday. Weapons orders from Saudi Arabia have either been “rejected, pure and simple,” or deferred for further consideration, the newspaper said, adding that the information has not been officially confirmed. The decision was taken on Wednesday by the national security council, a government body that includes Chancellor Angela Merkel, Vice Chancellor Sigmar Gabriel and seven other ministers, it said. …
  • Hollande, Merkel Speak Up for Europe’s Muslims

    01/15/2015 11:34:32 PM PST · by Steelfish · 39 replies
    Wall St. J. ^ | January 15, 2015 | WILLIAM HOROBIN and ANDREA THOMAS
    Hollande, Merkel Speak Up for Europe’s Muslims Charlie Hebdo Attacks in Paris Have Fueled Debate Over Radical Islam By WILLIAM HOROBIN in Paris and ANDREA THOMAS in Berlin French and German leaders sought Thursday to reassure Muslims about their place in European society, cementing calls for unity after a series of attacks last week in France by Islamic extremists. Speaking at the Institute of the Arab World in Paris, President François Hollande said that Islam is compatible with democracy and Muslims are the main victims of Islamist militants. “Muslims are the first victims of fanaticism,...
  • Hollande Daze ... Mark Steyn

    01/10/2015 2:51:46 AM PST · by Rummyfan · 14 replies
    Steyn Online ^ | 10 Jan 2015 | Mark Steyn
    The French authorities killed three murderous savages yesterday. That was the only good news on a day in which a third hostage siege began in Montpellier. The bad news started at the top, with President Hollande's statement after the Charlie Hebdo slaughter and the Kosher grocery siege: Those who committed these acts have nothing to do with the Muslim religion. Yeah, right. I would use my standard line on these occasions - "Allahu Akbar" is Arabic for "Nothing to see here" - but it's not quite as funny when the streets are full of cowards, phonies and opportunists waving candles...
  • GREEK ELECTION UPDATE: LEFTIST SYRIZA AND CONSERVATIVE INDEPENDENT GREEKS WILL FORM COALITION

    01/25/2015 10:51:40 PM PST · by Nextrush · 21 replies
    1/26/2015 | Self
    The vote totals are still being finalized but the latest show the SYRIZA Party at 150 of the 300 seats in the Greek parliament with 36.3 percent of the vote. This is one vote short of an overall majority but multiple media sources including "The Wall Street Journal" are reporting that the conservative Independent Greeks, who broke away from the New Democracy (Republican type) Party in 2011 and are firmly against the EU austerity program will join up to stablilize the government. The Independent Greeks (ANEL) won 4.7 percent of the popular vote and 13 seats. The SYRIZA-ANEL alliance would...
  • Greek Deposit Outflows Soar In Run-Up To Syriza Victory

    01/25/2015 7:12:17 PM PST · by SeekAndFind · 16 replies
    Zero Hedge ^ | 01/25/2015 | Tyler Durden
    Despite all the fear-mongering by Nea Demokratia (ND), Syriza's victory over the incumbent is dramatically larger than expected (exit polls indicate a potential 12 point margin vs 7 point spreads in the run-up). However, as JPMorgan details, the fear-mongery was very evident in bank deposit runs as proxied outflows surge EUR8 billion last week - more than all of December and the rest of January combined...Via JPMorgan Flows & LiquidityGreek deposit outflows rise sharply this week The monthly Bank of Greece balance sheet data for the month of December revealed a significant increase in Greek bank ECB borrowing which...
  • Europe's Austerity Moment Is Ending (Greek election)

    01/25/2015 6:01:49 PM PST · by Lorianne · 84 replies
    The Atlantic ^ | 25 January 2015 | Matt Schiavenza
    Voting in Sunday's much-watched Greek elections has ended, and exit polls suggest that the far-left Syriza party has captured nearly 40 percent of the vote. While this may not be enough to ensure a parliamentary majority in Greece's electoral system, it's now clear that Alexis Tsipras, a fiery 40-year-old once considered too radical for national politics, will lead the next Greek government. Tsipras has promised to end Greece's "austerity program," a series of spending cuts and tax hikes designed to reduce the country's enormous bailout debt, which equals 175 percent of its GDP. Freed from this burden, Tsipras argues, the...
  • Greece: Talks with troika the main test

    01/25/2015 4:26:33 PM PST · by annalex · 17 replies
    Kathimerini ^ | Monday Jan 26, 2015 | Dimitris Kontogiannis
    Talks with troika the main test It will require a change of stance on many issues for Alexis Tsipras to become Greece’s version of Lula By Dimitris KontogiannisThe left-wing SYRIZA party’s triumph in the Greek national elections sends a strong message across the eurozone that excessive austerity will have political and social repercussions if pursued for a long time. But SYRIZA will have a tough task convincing the country’s official lenders to continue funding and adopt its policy proposals, many of which are at odds with the current adjustment program. A compromise seems to be the best solution, but requires...
  • Greece election: Exit polls signal big Syriza win

    01/25/2015 11:32:03 AM PST · by Berlin_Freeper · 51 replies
    bbc.com ^ | 25 January 2015 | bbc
    Exit polls suggest a historic victory for the anti-austerity Syriza party in Greece's general election. The polls indicate that Syriza took between 36% and 38% of the total vote, with the ruling New Democracy party a distant second with 26%-28%. It is unclear whether Syriza has enough votes to govern the country alone.
  • Far from ‘outsiders,’ Europe and Islam have long been intertwined

    01/25/2015 5:47:07 AM PST · by Oldeconomybuyer · 9 replies
    The Globe and Mail (UK) ^ | January 25, 2015 | by H.A. Hellyer
    In the wake of the most recent attacks in Paris, the airwaves have been full of myths about Muslim communities in Europe. However, history tells a rather different tale: Muslims are far from alien from European culture; in fact, they are central to it. The links between Europe and Islam date back to the very first generation of Muslims. We know of the famed rule of Muslim Iberia (now known as Spain and Portugal), which created a thriving multi-religious society, something that was then a novelty in Europe. Several hundred years earlier, after Muslim Spain had begun, you might have...
  • Global economy hopes raised after European stimulus

    01/24/2015 10:50:50 PM PST · by Tolerance Sucks Rocks · 18 replies
    12 News ^ | January 25, 2015 | Pan Pylas
    DAVOS, Switzerland (AP) - The global economic outlook just got brighter after this week's big stimulus from the European Central Bank, leading policymakers from around the world said Saturday. In a panel at the World Economic Forum in Davos, they said a perkier Europe, coupled with a prolonged period of low oil prices, could help shore up the global economy following a period of underperformance that has prompted many forecasters to reduce their growth forecasts. "Lower oil prices and the big decision by ECB could further improve world economic outlook," said Haruhiko Kuroda, governor of the Bank of Japan.
  • European Socialists, Radical Muslims United by ‘Mutual Hatred for Judeo-Christian Culture’

    01/24/2015 5:57:16 PM PST · by Olog-hai · 18 replies
    Cybercast News Service ^ | January 23, 2015 - 10:17 AM | Barbara Hollingsworth
    European socialists are united with radical Muslims by a “mutual hatred for Judeo-Christian culture,” which is why they continue to defend failed multicultural policies that are promoting the Islamification of Europe, says Soeren Kern, a senior fellow at the New York-based Gatestone Institute. “It’s called the Red-Green Alliance, red being the socialists and the green being Islam. There’s sort of a mutual interest on both sides to deconstruct the Judeo-Christian culture in Europe,” he explained. “What the socialists don’t realize is that the Muslims hate them even more than they hate the Judeo-Christians, and so once it works out to...
  • As Euro Slides, Strategists Cut Forecasts

    01/24/2015 3:51:11 AM PST · by SkyPilot · 14 replies
    The Wall Street Journal ^ | 23 Jan 15 | Tommy Stubbington and James Ramage
    Rip up your euro forecasts. A day after the European Central Bank unveiled its bond-buying program, the single currency still was in free fall, blowing past analysts’ expectations for how low the euro can go. Some investors now say the euro could fall to the point where it is on equal footing with the U.S. dollar for the first time since it climbed above the buck in late 2002. “If you would have asked me a few months ago, I would’ve said that parity could be in the cards in the years ahead. Now, we can’t rule it out anymore...
  • Italy seizes more than 5,000 looted antiquities in record haul

    01/25/2015 1:33:45 PM PST · by SunkenCiv · 18 replies
    France24 ^ | 22 January 2015 | AFP
    The Italian government on Wednesday said police had seized more than 5,000 ancient artefacts in a record 45-million-euro haul after dismantling a Swiss-Italian trafficking ring. Culture Minister Dario Franceschini said it was the country's "largest discovery yet" of looted works and consisted of 5,361 pieces, including vases, jewellery, frescoes and bronze statues, all dating from the 8th century BC to the 3rd century AD. The archaeological treasures came from illegal digs across Italy and "will be returned to where they were found", the minister told reporters. Police said the items were worth around 45 million euros ($52 million) and were...
  • Greece supports left-wing Syriza as Europe takes lurch to the right

    05/27/2014 7:16:11 PM PDT · by Tailgunner Joe · 7 replies
    cnn.com ^ | May 26, 2014 | Irene Chapple
    Greece's left-wing party Syriza bucked the lurch right in Europe's elections, beating the country's two political mainstays into first place. The party posted an estimated 27% of the vote, four points clear of the center-right's New Democracy, which is headed by Greek Prime Minister Antonis Samaras. 'The results were in sharp contrast to the dramatic rise of Marine Le Pen's National Front in France and UKIP in the United Kingdom, both far-right nationalist parties. Syriza received almost three times the votes polled by Greece's far-right Golden Dawn party, which gained nearly 10% and two parliamentarians despite its leaders facing charges...
  • Russia may lift food import ban from Greece if it quits EU - Russian agriculture minister

    01/17/2015 7:25:48 AM PST · by dynachrome · 11 replies
    itar-tass.com ^ | 1-17-15 | itar-tass
    Russia may lift its ban on food imports from Greece in the event it quits the European Union, Russian Minister of Agriculture Nikolai Fyodorov told a news conference in Berlin on Friday. Fyodorov is leading an official Russian delegation to the International Green Week public exhibition for the food, agriculture, and gardening industry. “If Greece has to leave the European Union, we will build our own relations with it, the food ban will not be applicable to it,” he said. He said that European Union countries, which felt discomfort from the slump in proceeds from exports of foods to Russia,...
  • Greek Radical Left on the March

    01/09/2015 8:37:51 AM PST · by Sean_Anthony · 3 replies
    Canada Free Press ^ | Arnold Ahlert
    Syriza: The Coalition of the Radical Left, is poised to assume the reins of power Greece is once again at the center of the European Union storm. Following the failure of the Athens parliament to elect a president in late December, Syriza, aka The Coalition of the Radical Left, is poised to assume the reins of power. “The future has already begun,” party leader Alexis Tsipras, the man most likely to become Greece’s Prime Minister, told reporters as the nation prepared for the early elections constitutionally required when presidential polls fail. “You should be optimistic and happy.” The presidency is...
  • The 2015 Greek euro drama

    01/05/2015 7:02:09 AM PST · by Tolerance Sucks Rocks · 4 replies
    BBC News ^ | January 5, 2015 | Gavin Hewitt
    It did not take long. The game is very much in play. Greek voters are being bombarded with warnings about what is at stake when they go to the polls on 25 January. There is little that is coded in these messages. When a country has been bailed out to the tune of €240bn (£187bn; $286bn) there is no such thing as non-interference in Greece's internal politics. Most of the European political establishment does not want Greece to elect the radical left party Syriza led by Alexis Tsipras. The party is currently narrowly ahead in the polls. Mr Tsipras is...
  • Greece Heading to Early Elections After Presidential Vote Fails

    12/29/2014 1:41:46 PM PST · by C19fan · 4 replies
    NY Times ^ | December 29, 2014 | Niki Kitsantonis and Alan Cowell
    Governments and investors across Europe braced for renewed economic upheaval on Monday after the Parliament in Greece failed to avert an early general election, reviving the toxic debate over austerity as the way to cure the continent’s economic woes. The election, expected on Jan. 25, is likely to be won by Syriza, a leftist party that opposes the deep budget cuts Greece has implemented in recent years. The austerity measures were imposed as a condition of the huge financial bailouts Greece has received.