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Keyword: france

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  • What was the question again? Greek voters confused by baffling 74-word referendum conundrum

    07/05/2015 4:03:51 AM PDT · by Libloather · 9 replies
    Daily Mail ^ | 7/04/15 | Keiligh Baker
    What was the question again? Greek voters confused by baffling 74-word referendum conundrum that demands a simple 'yes' or 'no' to decide country's future Greek voters who are facing a momentous vote tomorrow which may determine the country's future in Europe are confused by the baffling wording on the ballot paper. Nearly 10 million Greek voters will take to the ballot booths on Sunday to vote 'Yes' or 'No' in a referendum asking if they accept more austerity measures in return for bailout funds. But many are baffled by the strange wording of the 74-word question, which asks: 'Should the...
  • The past five days have been worse than all that has gone before (Greece)

    07/04/2015 8:53:39 PM PDT · by dynachrome · 18 replies
    Financial Times ^ | 7-1-15 | Iliana Magra
    Sir, Memory. No memory of life before the financial crisis; politics has dominated it ever since. But now I can hardly remember life before Friday night. Fear. I am terrified of tomorrow, all I now see is black. Uncertainty, leading us through our days, every remainder of hope for a brighter future being destroyed by the minute. I look at my three-year-old niece, I envy her ignorance, I envy her age. I am 21 years old and the past few days I feel tired by life. A referendum that supposedly gives me the right to define my future, seems to...
  • Farage on Friday: The EU does NOT care about what is best for Greece

    07/04/2015 7:47:22 PM PDT · by dynachrome · 14 replies
    Sunday Express ^ | 7-3-15 | NIGEL FARAGE, MEP
    As my colleague Patrick O’Flynn recently pointed out in the Daily Express, the bullying of Greece by the EU has stepped up a notch. Threats, scaremongering and fear is being put about to keep that country locked within the Euro straightjacket. All those running the EU care about is their project. They care not for the best wishes of the Greek people, but simply for sustaining the economic madhouse they themselves have created. Locked inside the Euro, the Greek people have been long-suffering. Quite simply, the European Union is quite happy to see Greece crucified as long as the shattered...
  • Greek villagers' secret weapon: Grow your own food

    07/04/2015 5:13:57 PM PDT · by Red in Blue PA · 31 replies
    KARITAINA, Greece (AP) — Ilias Mathes has protection against bank closures, capital controls and the slashing of his pension: 10 goats, some hens and a vegetable patch. Related Stories 1. Pensioners queue outside banks on 1st day of capital control Associated Press 2. Greeks struggle with daily grind as foreigners head to beach Associated Press 3. Greece rattles Europe; Markets close sharply down CNBC 4. The Latest: Moody's downgrades Greece to Caa3 Associated Press 5. Greece says it will consider bank closures and capital controls on Monday Reuters If Greece's financial crisis deepens, as many believe it must, he can...
  • Sugar, flour, rice: panicked Greeks stock up on essentials

    07/04/2015 2:14:45 PM PDT · by Kartographer · 55 replies
    AFP via Yahoo News ^ | 7/4/15 | Pauline Froissart
    Greeks were hoarding cash and food Saturday amid mounting fears the economy could collapse, cracking open their wallets only to stock up on essentials and stripping supermarket shelves in the process. Related Stories Split Greece teeters on the brink with referendum AFP Stakes rise in Greece's bailout referendum AFP Greeks rush to withdraw cash as MPs debate bailout referendum AFP Greece debates referendum amid fears of run on banks AFP Greek banks say have sufficient liquidity until Tuesday AFP Mothers, elderly men and university students were spotted pushing heavily overloaded trolleys or coming out of shops weighed down by bags...
  • The Greeks should vote “no!”

    07/04/2015 10:27:15 AM PDT · by Tolerance Sucks Rocks · 56 replies
    The Washington Times ^ | July 2, 2015 | Peter Morici
    Sunday, Greeks should vote “no”!Hellenic voters are being asked whether they accept the terms offered by the European Union, European Central Bank and International Monetary Fund to extend the bailout for Athens‘ troubled finances or give Prime Minister Tsipras a mandate to insist on a better deal.Those conditions include more cuts in government supported pensions, higher taxes and labor market reforms other European governments’ are often not inclined to accept in the conduct of their own affairs.Urging a Yes vote, European leaders and their supporters in private institutions claim more austerity would reinvigorate the Greek economy and permit Greeks to...
  • Exclusive: Europeans tried to block IMF debt report on Greece: sources

    07/04/2015 6:48:38 AM PDT · by Citizen Zed · 11 replies
    Reuters ^ | 7-3-2015 | Paul Taylor
    Euro zone countries tried in vain to stop the IMF publishing a gloomy analysis of Greece's debt burden which the leftist government says vindicates its call to voters to reject bailout terms, sources familiar with the situation said on Friday. The document released in Washington on Thursday said Greece's public finances will not be sustainable without substantial debt relief, possibly including write-offs by European partners of loans guaranteed by taxpayers. It also said Greece will need at least 50 billion euros in additional aid over the next three years to keep itself afloat. Publication of the draft Debt Sustainability Analysis...
  • Why anyone who compares Puerto Rico to Greece is wrong

    07/04/2015 6:36:17 AM PDT · by SeekAndFind · 16 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.
  • Enough of this charade: Greece must be told to leave the euro

    07/03/2015 10:28:53 PM PDT · by aquila48 · 29 replies
    UK Telegraph ^ | 03 Jul 2015 | Jeremy Warner
    As the Greek debt standoff approaches its final denouement – oh please let it be so – judgments are becoming easier to make. The most obvious (obvious all along, it might be said) is that the sooner Greece leaves the euro, the better. If a legal way of forcing the Greeks out can be found, it should be used. In any case, this debilitating charade has carried on quite long enough. For once, the German high command is correct; even if some sort of a compromise could be cobbled together, Greece’s hard-Left Syriza-led government couldn’t be trusted to implement the...
  • Greek banks prepare plan to raid deposits to avert collapse

    07/03/2015 5:53:34 PM PDT · by House Atreides · 83 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.
  • Greek Banks Considering 30% Haircut On Deposits Over €8,000: FT

    07/03/2015 4:58:13 PM PDT · by dynachrome · 31 replies
    zerohedge.com ^ | 7-3-15 | Zero Hedge
    Greek banks are preparing contingency plans for a possible “bail-in” of depositors amid fears 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. A Greek bail-in could resemble the rescue plan agreed by Cyprus in 2013, when customers’ funds were seized to shore up the banks, with a haircut imposed on uninsured deposits over €100,000. Meanwhile, Yanis Varoufakis swears this is nothing but a "malicious rumor": FT report of a Gk Bank Bail In is a malicious rumour...
  • 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...
  • 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.
  • [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....
  • 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 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...
  • Greenfield: Social Justice is the Root of All Debt

    07/03/2015 3:46:50 AM PDT · by Louis Foxwell · 22 replies
    FrontPage ^ | July 3, 2015 | Daniel Greenfield
    Social Justice is the Root of All Debt It’s the fault of everyone who gave the left money and wanted it back. July 3, 2015 Daniel Greenfield Daniel Greenfield, a Shillman Journalism Fellow at the Freedom Center, is a New York writer focusing on radical Islam. Banks are the root of all evil. When a member of a traditionally oppressed group wants a house or a car he can’t afford, financial institutions are expected to lend him the money. If they don’t, they’re engaging in discrimination. Then when he can’t pay, it’s the fault of the evil banks for having...
  • Grexit Vodka: Greece's Debt Inspires New Cocktail

    07/02/2015 10:37:04 PM PDT · by nickcarraway · 3 replies
    Newsweek ^ | 6/30/15 | Polly Mosendz
    If you'd like to get drunk and be reminded of the Greek economic crisis all at once, Uwe Dahlhoff has just the product for you: Grexit vodka. The German entrepeneur trademarked the word "Grexit" last week and set about creating different drinks to go along with it. The vodka is lemon flavored, an ode to the saying "When life gives you lemons, make lemonade."
  • 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...
  • 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,...
  • 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...
  • Athens On The Potomac - It Could Never Happen Here, Right?

    07/01/2015 2:58:16 PM PDT · by freddy005 · 6 replies
    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 levels are about 177 percent of national GDP. Now, the country is considering defaulting on its loans and uncertainty...
  • 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 · 38 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...
  • 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....
  • 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...
  • 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...
  • French beheading suspect acted on Islamic State orders, says prosecutor

    06/30/2015 3:41:01 PM PDT · by markomalley · 5 replies
    The Telegraph ^ | 6/30/15 | Rory Mulholland
    The French man who beheaded his boss and tried to blow up a chemical plant had a "terrorist motive" and links to Islamic State of Iraq and the Levant (Isil) in Syria, despite his claim that he carried out his grisly act for purely personal reasons, a prosecutor said. "This corresponds very precisely to the orders of Daesh [Isil] which calls regularly for acts of terrorism on French soil and in particular to cut the throats of unbelievers,” said Paris chief prosecutor Francois Molins. "The decapitation recalls the habitual modus operandi of this terrorist organisation," he told reporters.
  • 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...
  • France reacts to mob violence against Uber by detaining the company's executives

    06/30/2015 2:29:58 PM PDT · by Marcus · 5 replies
    Houston Politics Examiner ^ | June 30, 2015 | Mark R. Whittington
    Recently, Parisian taxi drivers decided to deal with competition they have been getting from a new Internet car service called Uber by rioting and physically attacking cars they suspected of being part of that company. French authorities decided to deal with the situation by detaining two Uber executives and accusing them of running an “illicit service,” according to a Monday story in USA Today, The action illustrates how a bureaucratic, European socialist company reacts to change brought on by technology and entrepreneurial activity, by trying to ban it.
  • 1,000 people possibly sickened by fecal matter in French mud run

    06/30/2015 7:27:45 AM PDT · by JoeProBono · 39 replies
    upi ^ | June 29, 2015 | Danielle Haynes
    LEVENS, France, - Mud run participants might have to start worrying about more than sprained ankles or scraped knees after more than 1,000 people became sick to their stomach after participating in an event last week in France. The regional health agency in southern France said 1,000 of the 8,400 participants involved in the Levens Mud Day on June 20 reported symptoms of acute gastroenteritis. The agency said the stomach ailments -- mostly diarrhea, vomiting and fever -- were caused by norovirus, a highly infectious disease that causes an inflammation of the stomach or intestines. The U.S. Centers for Disease...
  • Two Uber bosses 'held by police' in France

    06/29/2015 9:26:52 PM PDT · by SunkenCiv · 24 replies
    The Local ^ | June 29, 2015 | Oliver Gee
    The two leaders of Uber in France were taken into custody Monday as part of a probe into their ride-booking app which has sparked violent protests from regular taxi drivers, AFP claimed, citing various sources. The pair are believed to be Thibault Simphal,the director general of Uber France and Pierre-Dimitri Gore-Coty, the directorgeneral of Uber Europe... An investigation was opened in 2014 into the application used to put paying clients in contact with cheaper, private drivers who do not face the same regulations as cabbies. The probe is focused on whether UberApp equates to "illegal organisation" of a system that...
  • Greece threatens top court action to block Grexit

    06/29/2015 6:34:55 PM PDT · by familyop · 18 replies
    The Telegraph ^ | 29 Jun 2015 | Ambrose Evans-Pritchard
    Greece has threatened to seek a court injunction against the EU institutions, both to block the country's expulsion from the euro and to halt asphyxiation of the banking system. “The Greek government will make use of all our legal rights,” said the finance minister, Yanis Varoufakis. “We are taking advice and will certainly consider an injunction at the European Court of Justice. The EU treaties make no provision for euro exit and we refuse to accept it. Our membership is not negotiable,“ he told the Telegraph.
  • France says 40 imams deported for hate speech

    06/29/2015 4:33:40 PM PDT · by markomalley · 8 replies
    France has deported 40 foreign imams for "preaching hatred" in the past three years, a quarter of them since the January terror attacks in Paris, Interior Minister Bernard Cazeneuve said on Monday. The minister vowed to clamp down on mosques and preachers inciting hatred after a suspected Islamist beheaded his boss during an attack on a gas factory last week. The attack, which had the hallmarks of a jihadist act but is also believed to have personal motivations, was the second in six months in France which is battling to curb radicalisation that has seen hundreds of citizens leave to...
  • Quick succession of terrorist attacks has officials worried

    06/29/2015 6:26:27 PM PDT · by plain talk · 15 replies
    cnn ^ | June 29, 2015 | Don Melvin
    The attack Friday at a Tunisian beach resort killed at least 18 Britons, but officials said Monday the actual number was likely to be 30. That would make it by far the deadliest terrorist attack on Britons since the London transport bombings 10 years ago. Yet it was just one of three terrorist attacks on three continents that followed one another in frightening succession last week. While it is not yet known whether the attacks were linked, they have left officials in numerous countries concerned about how to keep their citizens safe. Not long after that, a bomb ripped through...
  • 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...
  • French Economy In "Dire Straits", "Worse Than Anyone Can Imagine", Leaked NSA Cable Reveals (2012)

    06/29/2015 5:19:28 PM PDT · by dynachrome · 27 replies
    zero hedge ^ | 6-29-15 | Zero Hedge
    French Finance Minister Says Economy in Dire Straits, Predicts Two Atrocious Years Ahead (TS//SI//NF) (TS//SI//NF) The French economic situation is worse than anyone can imagine and drastic measures will have to be taken in the next 2 years, according to Finance, Economy, and Trade Minister Pierre Moscovici. On 19 July, Moscovici, under pressure to reestablish a preretirement unemployment supplement known as the AER, warned that the situation is dire. Upon learning that there are no funds available for the AER, French Senator Martial Bourquin warned Moscovici that without the AER program the ruling Socialist Party will have a rough time...
  • 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...
  • Cameron tells BBC to stop calling barbaric terror group Islamic State because name is offensive

    06/29/2015 2:51:10 PM PDT · by rickmichaels · 35 replies
    Daily Mail ^ | June 29, 2015 | Matt Chorley
    David Cameron today called on the BBC not to use the phrase 'Islamic State' when referring to the terror group operating in Iraq and Syria. The Prime Minister - who calls the group 'ISIL' - said Muslims would 'recoil' at the phrase being used to justify the 'perversion of a great religion'. He insisted that the battle against extremists targeting Britons around the world can be won but will require 'extraordinary resolve and patience'. Gunman Seifeddine Rezgui targeted tourists at the Tunisian beach resort of El Kantaoui near Sousse on Friday morning, killing 38 people including up to 30 British...
  • Bailouts, Bail-ins, and the Greeks’ Trojan Horse

    06/29/2015 12:59:47 PM PDT · by Sean_Anthony · 3 replies
    Canada Free Press ^ | 06/29/15 | Dr. Ileana Johnson Paugh
    The Greek market may be shocked and defaults of various debt instruments may emerge. While Americans are eagerly signing petitions to ban the American flag on the heels of Louis Farrakhan’s Nation of Islam leader call to ban the Stars and Stripes “due to its links to racism” or are busily banning anything attached in any way to the Confederate flag and our history, the United States and the world are in serious financial trouble driven by out-of-control debt, particularly the most visible nation of all, Greece. Healthcare for illegals, gay marriage, and other non-stop crises occupy American overwhelmed minds,...