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Keyword: greece

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  • you walk in MY heavenly jurisdiction " GRACE" [charismatic caucus]

    05/26/2015 8:14:59 AM PDT · by Jedediah
    Bible, The Joshua Chronicles ^ | 5-26-15 | Holy Spirit
    Your jurisdiction is heavenly for your "BEING" is founded in Me . Therefore your turf is forgiveness for this is what you walk in and I AM your Referee and Authority. So take on My strategy for I shall not forecast My movement to the enemy , would you ?! I am your Counselor and Guide to which you bring the warming embers of your love to and in return I crown you in My Majesty for you are dressed in My Righteousness. Now "as you believe in Me to BE your ALL" " I SHALL" and " I WILL"...
  • Greece says it will default in June without aid from lenders

    05/24/2015 3:55:41 PM PDT · by SeekAndFind · 50 replies
    Ekathimerini ^ | 05/24/2015 | Renee Maltezou & Angeliki Koutantou
    Greece cannot make an upcoming payment to the International Monetary Fund on June 5 unless foreign lenders disburse more aid, a senior ruling party lawmaker said on Wednesday, the latest warning from Athens it is on the verge of default. Prime Minister Alexis Tsipras's leftist government says it hopes to reach a cash-for-reforms deal in days, although European Union and IMF lenders are more pessimistic and say talks are moving too slowly for that. Greek officials now point to a race against the clock to clinch a deal before payments totaling about 1.5 billion euros ($1.7 billion) to the IMF...
  • Are They About To Confiscate Money From Bank Accounts In Greece Just Like They Did In Cyprus?

    05/24/2015 3:53:23 PM PDT · by SeekAndFind · 19 replies
    TEC ^ | 05/24/2015 | Michael Snyder
    Do you remember what happened when Cyprus decided to defy the EU? In the end, the entire banking system of the nation collapsed and money was confiscated from private bank accounts. Well, the nation of Greece is now approaching a similar endgame. At this point, the Greek government has not received any money from the EU or the IMF since August 2014. As you can imagine, that means that Greek government accounts are just about bone dry. The new Greek government continues to insist that it will never “violate its anti-austerity mandate”, but the screws are tightening. Right now the...
  • Greece Says That It Will Default On June 5th, And Moodys Warns Of A Deposit Freeze

    05/21/2015 7:08:19 AM PDT · by Enlightened1 · 17 replies
    The Economic Collapse ^ | 05/20/15 | Michael Snyder
    The Greek government says that a moment of truth is coming on June 5th. Either their lenders agree to give them more money by that date, or Greece will default on a 300 million euro loan payment to the IMF. Of course it wont technically be a default according to IMF rules for another 30 days after that, but without a doubt news that Greece cannot pay will send shockwaves throughout the financial world. At that point, those holding Greek bonds will start to panic as they realize that they might not get paid as well. All over Europe, there...
  • 'Eternal flames' of ancient times could spark interest of modern geologists

    05/18/2015 11:51:28 AM PDT · by Red Badger · 15 replies
    Phys.Org ^ | 05-18-2015 | Provided by Springer
    Seeps from which gas and oil escape were formative to many ancient cultures and societies. They gave rise to legends surrounding the Delphi Oracle, Chimaera fires and "eternal flames" that were central to ancient religious practices - from Indonesia and Iran to Italy and Azerbaijan. Modern geologists and oil and gas explorers can learn much by delving into the geomythological stories about the religious and social practices of the Ancient World, writes Guiseppe Etiope of the National Institute of Geophysics and Volcanology in Italy. His research is published in the new Springer book Natural Gas Seepage. "Knowing present-day gas fluxes...
  • Over 200,000 Greeks Apply For Humanitarian Crisis Relief

    05/19/2015 8:12:39 AM PDT · by SeekAndFind · 10 replies
    Zero Hedge ^ | 05/19/2015 | Tyler Durden
    UPDATE: Greek Default Would Mean Poverty Trap, Dijsselbloem Tells VNThe Humanitarian Crisis Relief program was one of the top priorities of the SYRIZA-Independent Greeks coalition government and it was pushed forwards despite the Troika-Institutions objections. After the EU leaders Summit end of March, EU Commission President Jean Claude Juncker had announced to release 2 billion euro to tackle the Greek humanitarian crisis. While it is not clear if Juncker sent the money or not, As KeepTalkingGreece reports, 212,897 Greeks have so far submitted requests to be part of the Humanitarian Crisis Relief Program. The majority of the needy seek...
  • 19 May: Remembering Pontian genocide

    05/17/2015 6:33:17 PM PDT · by bad company · 9 replies
    http://www.thetoc.gr ^ | 19 May. 14 | Euthimis Tsiliopoulos
    On 19 may, Hellenism commemorates the extermination of 353,000 Pontian Greeks killed during a genocide. During the years 1914-1923, in the 1st World War, the Greek minority of the Ottoman Empire, the Republic of Turkey's predecessor, were removed from Western Anatolia. An estimated 350 thousands Greeks were killed between 1913-1922, ending thousands of years of Hellenic civilization in Asia Minor. Pontian and Anatolian Greeks were victims of broader Turkish genocide project at all Christian minorities in the Ottoman Empire. More than 3.5 million Greeks, Assyrians and Armenians were killed under the regimes of the Young Turks and of Mustafa Kemal....
  • Jewish Groups Deplore Greek Demand to Remove Star of David From Holocaust Memorial

    05/17/2015 1:26:18 AM PDT · by Slings and Arrows · 23 replies
    The Algermeiner ^ | May 15, 2015
    Jewish groups expressed shock on Friday over news that the unveiling of a Holocaust monument in Kavala, Greece was delayed because locals reportedly sought the removal of a Jewish star. -snip- The monument in question memorializes the 1,484 Jews of Kavala who were exterminated during the Nazi occupation of Greece in World War II. The monument was set to be unveiled when, just two days before, the mayor and a majority at the city council insisted on the removal of the image of a Star of David from the memorial. Meanwhile, Greek Secretary General of the Ministry of Culture, Education,...
  • Greek PM warned lenders of not repaying IMF debt in May: report

    05/16/2015 3:14:58 PM PDT · by Red in Blue PA · 5 replies
    ATHENS (Reuters) - Greece's Prime Minister Alexis Tsipras had at one stage warned foreign creditors that Athens would not repay 750 million euros due to the IMF in May unless they provided it with immediate liquidity, the Kathimerini newspaper reported on Saturday.
  • Exclusive: Greece taps IMF reserves to pay IMF debt - sources

    05/12/2015 10:07:37 AM PDT · by tcrlaf · 8 replies
    Yahoo News ^ | 5-12-2015 | Lefteris Papadimas and George Georgiopoulos
    Greece emptied an IMF holding account to repay 750 million euros ($840 million) due to the fund, a Greek central bank official said, avoiding default but underscoring the dire state of the country's finances. With Athens close to running out of cash and a deal with its international creditors still elusive, there had been doubts about whether the leftist-led government would pay the IMF or opt to save cash to pay salaries and pensions later this month. Greece, like all other International Monetary Fund members, holds reserves from the IMF that are denominated in Special Drawing Rights (SDR), a basket...
  • Greece resorts to emergency account to repay IMF debt

    05/12/2015 5:17:47 AM PDT · by C19fan · 2 replies
    AFP ^ | May 12, 2015 | Staff
    Greece was forced to tap into an emergency account in order to meet a debt repayment of 750 million euros ($845 million) due Tuesday to the International Monetary Fund, a central bank source told AFP. "That was an initiative by the Bank of Greece's governor to break the deadlock," said the source.
  • Russia Asks Greece To Join BRICS Bank

    05/11/2015 11:06:02 AM PDT · by tcrlaf · 2 replies
    Zerohedge ^ | 5-11-2015 | Durden
    As if the discussions in Brussels and Athens were not mired in enough uncertainty, Bloomberg reports that a Greek official confirms: -STORCHAK ASKED TSIPRAS FOR GREECE TO JOIN BRICS BANK: OFFICIAL The pivot appears to continue. Reportedly, Tsipras was pleasntly surprised by the proposal. As Bloomberg reports, Russian Deputy Finance Minister Sergei Storchak spoke with Greek PM Alexis Tsipras today, proposed that Greece become 6th member of New Development Bank set up by Brazil, Russia, India, China, South Africa, a Greek govt official says in e-mail to reporters. Tsipras said keen to discuss matter in St. Petersburg Economic Forum June...
  • First mass in 93 years held in İzmirs historic Greek Church

    05/11/2015 8:57:21 AM PDT · by DeaconBenjamin · 5 replies
    Hrriyet ^ | May/11/2015
    The Agios Konstantinos Greek Church in the western province of İzmir has reopened following renovations and held a mass for first time in 93 years, with the participation of the Fener Greek Patriarchate. The historic church, dating back to the 19th century, located on Mermerli Street in the Menemen district in İzmir, was renovated by the Menemen municipality. Fener Greek Patriarchate Bartholomew and Menemen Mayor Tahir Şahin reopened the church with a ceremony where they threw white doves and planted an olive tree in the garden as symbols of peace. ‘Right to worship indispensable for religion’ Bartholomew, who performed the...
  • Gunmen in Macedonia had planned many attacks, leader says

    05/10/2015 3:27:51 PM PDT · by BenLurkin · 6 replies
    An armed group battling Macedonian police over the weekend left 22 people dead and aimed to destabilize the country with terror attacks, the country's president declared Sunday in a nationwide television address. ... "Police have prevented coordinated terrorist attacks at different locations in the country that would cause serious destabilization, chaos and fear," Ivanov said. "The members of the group are extremists and criminals with remarkable military training and skills. That's why we have paid such a high price with the loss of lives." The attacks left at least 22 people dead, including eight police and 14 attackers Interior Ministry...
  • Archaeology, temples 'caged' against time in Selinunte

    05/10/2015 12:54:38 PM PDT · by SunkenCiv · 8 replies
    ANSA ^ | May 6th, 2015 | Giovanni Franco
    The archaeological park is located at the mouth of a river where wild parsley (selinon) grows, which was the origin of the name of the waterway. The city was founded by Megara Hyblaea residents in Sicily in the seventh century BC near two port-canals, now sanded over, and engaged in intense maritime trade. ''It was due to this expert use of the geographical role of Selinunte,'' historians say, ''that their inhabitants, in the space of just over two centuries, achieved an economic prosperity unrivaled in the Greek world or in that of Sicily/Magna Grecia.'' A city of grandiose size was...
  • The Minoans of Crete

    05/07/2015 3:43:32 PM PDT · by SunkenCiv · 39 replies
    Archaeology ^ | Monday, April 06, 2015 | Jarrett A. Lobell
    ...In the course of both Boyd's and Watrous' excavations, more than 50 houses or areas with evidence of industrial activity have been uncovered -- 20 areas producing pottery, 15 producing stone vases, 18 producing bronze and bronze implements, and some with evidence for textile production. At one location on the north edge of the settlement, Buell points out an area of burned bedrock inside a space identified as a foundry. 'Here we have all sorts of scraps of bronze crucibles, bronze drips, copper scraps, and iron used for flux. Elsewhere, we also found a tin ingot, the closest known source...
  • Greece introduces cashpoint tax in desperate bid to raise revenue and stop run on banks [tr]

    05/06/2015 8:36:35 AM PDT · by C19fan · 9 replies
    UK Daily Mail ^ | May 5, 2015 | John Hall
    Greece has revealed it is to introduce a surcharge for all cashpoint withdrawals and financial transactions in a desperate attempt to prevent citizens withdrawing their money from the country's beleaguered banks. Ministers hope the controversial move could raise as much as 180 million, which the Athens government hopes will help the country avoid defaulting on debts owed to international creditors. As the Greek economy teeters on the verge of bankruptcy, millions of panicking citizens have completely cleared their accounts - pulling more than 28 billion out of banks and pushing the total cash revenue held in the country's financial institutions...
  • Two Underrated Peoples

    05/03/2015 9:48:49 AM PDT · by Aria · 26 replies
    American Thinker ^ | May 2, 2015 | Mike Konrad
    In looking over the history of the past 500 years, four nations stand out for having completely and massively altered world civilization in a way that no others have, before or after: England, Spain, France, and Portugal. No other empires even come close. The Muslim conquests were landbound except for island hopping. Chinese and Mongolian conquests were landbound. Even in ancient times, Greek, Roman, and Persian conquests were essentially land operations, except for river fording. Yes, they all had navies, but were not defined by them. What separates the English, French, Portuguese, and Spanish was that these nations had vast...
  • Greek talks stall over 'red lines' as country fights to remain in eurozone

    05/03/2015 12:13:08 PM PDT · by SunkenCiv · 8 replies
    Telegraph UK ^ | Sunday, May 3, 2015 | Szu Ping Chan, and agencies
    Reports claimed the government was prepared to reduce at least three different VAT rates to one, and limit exemptions. Prime minister Alexis Tsipras had opposed the move, claiming that the change would hit poorer people. The country will also press-on with privatisations it had also previously vowed to block, according to reports. However, Syriza has said that demands by creditors to reverse an increase in the minimum wage and cut pensions remain "red lines" that the leftist leadership is unwilling to cross... Mr Sakellaridis said that failure to reach an "honest compromise" with creditors would most likely lead to a...
  • Scalia: 'Why no ancient Greek gay marriages?'

    04/28/2015 3:33:45 PM PDT · by Jan_Sobieski · 109 replies
    World Net Daily ^ | 4/28/2015 | GARTH KANT
    WASHINGTON The most dramatic moment in a historic case before the U.S. Supreme Court on the constitutionality of same-sex marriage Tuesday morning came after the first attorney had wrapped up her argument. Gay marriage is an abomination in the eyes of God, suddenly screamed a protester in the courtroom.After continuing his protest, the man was escorted from the court room. Justice Antonin Scalia quipped, That was refreshing, actually, causing loud laughter to ripple through the courtroom. Scalias approval of ancient wisdom echoed his previous referral to the ancient Greeks and Romans to argue against government sanctioning of same-sex marriage....
  • Hillary and Christian Dhimmis

    04/27/2015 2:45:05 PM PDT · by NYer · 4 replies
    The Catholic Thing ^ | April 27, 2015 | Robert Royal
    Several years ago I visited a synagogue in Istanbul, one of the few remaining in all of Turkey. It had been firebombed a few weeks earlier in response to some recent incident between Israelis and Palestinians. But because of security and a thick outer wall, it was relatively unharmed. Inside, ten elderly, eccentric Jewish Turks were gathered, the bare number needed for a minyan. We spoke for a short while about what it was to live as a religious minority in a big Muslim country. But I will never forget the atmosphere in that tiny congregation wary, but...
  • Admiral Warns: Potential for Islamist Raids on European Islands

    04/24/2015 3:54:28 PM PDT · by SatinDoll · 22 replies
    Breitbart ^ | April 24, 2015 | Oliver Lane
    The security situation in the Mediterranean will continue to deteriorate to the point where we can expect Islamist raids on European islands, a recently retired Royal Navy Admiral has told Breitbart London. [snip] Rear Admiral Chris Parry CBE, the straight-talking former Director General of the Ministry of Defence Development, Concepts, and Doctrine Centre, ... made the comments in an interview this week as European nations gathered to discuss the sudden migrant crisis gripping the Mediterranean. THE THREAT OF ISLAM Parry, who warned in a government paper in 1990 that Islam would replace Communism as the main threat against the West...
  • Greece's Piraeus Bank offers relief to poverty-stricken borrowers (writes off debt)

    04/23/2015 6:41:40 PM PDT · by dynachrome · 5 replies
    Reuters ^ | 4-23-15 | George Georgiopoulos
    Piraeus Bank will write off credit cards and retail loans up to 20,000 euros ($21,484) for Greeks who qualify for help under a law the leftist government passed to provide relief to poverty-stricken borrowers, it said on Thursday.
  • Turkey to Buy Chinese Missile Defence System

    04/22/2015 1:57:10 PM PDT · by SatinDoll · 14 replies
    South China Morning Post ^ | April 22, 2015 | Teddy Ng & Reuters in Istandbul
    [This is from the International Edition of SCMP] China has won the bid to co-produce a multibillion ($3Billion) long-range air and missile defence system in Turkey, in what is its largest and most advanced arms sales to a NATO country. The Turkish defence minister announced the decision to approve the US$3 billion bid by China Precision Machinery Import and Export Corp, rejecting rival offers from Russian, US and European firms. The winning Chinese FD-2000 system beat the Patriot, the Russian S-400 and the French-Italian Eurosam Samp-T, it was announced on Thursday. [snip]
  • Greece May Sign Russia Gas Deal As Soon As Today

    04/21/2015 9:56:47 AM PDT · by tcrlaf · 8 replies
    Zerohedge ^ | 4-21-2015 | Durden
    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: -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 built by a Russian-European group at a cost of around E2 billion. SNIP As a reminder, Russia is not acting out of the kindness of his heart, but merely engaging in another calculated move, one which kills...
  • Turkey suddenly open to RESTORING ties with Israel, REFUSES to criticize Israeli election

    04/02/2015 6:13:15 AM PDT · by cotton1706 · 27 replies
    Turkey, via their Deputy Prime Minister, is putting the word out on the street that it is open to a restoration of ties with Israel, even acknowledging that it is NOT Turkeys place to criticize the recent Israeli election: snip Wow. The admitted refusal to criticize Israel over the election is definitely a change of pace for Turkey. I mean, when has Erdogan ever missed an opportunity to openly bash Israel? He was just ripping Netanyahu in January for just showing up to the Paris march against radical Islam, accusing him of killing 2500 Palestinians in the war last year....
  • Stunned Greeks React To Initial Capital Controls And The "Decree To Confiscate Reserves

    04/20/2015 7:07:12 PM PDT · by Rusty0604 · 48 replies
    Zerohedge ^ | 04/20/2015 | Tyler Durden
    Earlier today, following weeks of speculation, Greece finally launched the first shot across the bow of capital controls, when it decreed that due to an "extremely urgent and unforeseen need" (ironically the need was quite foreseen since about 2010, but that is a different story), it would be "obliged" to transfer - as in confiscate - "idle cash reserves" located across the country's local governments (i.e., various cities and municipalities) to the Greek central bank. Several hours later the decree which was posted in the government gazette has finally percolated among the population, and the response to what even ordinary...
  • Iran-backed Tawhid-Salam network targeted NATO radar base in Turkey

    03/03/2015 2:11:05 AM PST · by piasa · 8 replies
    Today's Zaman ^ | August 22, 2014 | BAYRAM KAYA
    Operatives of a secretive Iran-backed terrorist network in Turkey scouted the area hosting a radar site in Malatya's Krecik district that is part of a NATO early warning radar system, an ongoing investigation has revealed. According to an 854-page police investigation on the Tawhid-Salam terror network obtained by Today's Zaman, witness testimony provided to the Istanbul Chief Prosecutor's Office on March 22, 2013 indicated that suspects tied to Iranian intelligence had collected information about Krecik. The witness said many front companies with the cover of legitimate businesses such as real estate agencies or bookstores had been established in Malatya by...
  • Turkey accuses EU of 'enmity' over 1915 Armenian genocide recognition

    04/17/2015 1:38:35 PM PDT · by markomalley · 10 replies
    The Telegraph ^ | 4/17/15 | Richard Spencer
    Recep Tayyip Erdogan, Turkeys president, has accused the EU of declaring enmity on his country as next weeks centenary commemorations of the massacres of Armenians by the Ottoman Empire descend into bitter rows over what to call them. Both the European Parliament and Pope Francis this week referred to the killings as a genocide, a term recognised by much of the rest of the world but fiercely disputed by Turkey. The European decision prompted a furious response from Mr Erdogan. Such decisions are nothing but expressions of enmity against Turkey by abusing Armenians, he said while on a visit to...
  • Islamist Turkish President Erdogan Says A 'Mastermind' Is Plotting Against Turkey...

    04/14/2015 4:47:03 PM PDT · by markomalley · 24 replies
    Memri ^ | 4/14/15
    Since October 2014, Turkish President Recep Tayyip Erdogan has regularly referred to the concept of a "Mastermind" (ust akil, "supra-intellect," in Turkish) that, he says, is plotting against Turkey. This concept has been applauded by the Islamist pro-AKP media. Erdogan's December 12, 2014 speech, which focused on this "mastermind" concept, inspired the production of a two-hour "documentary" by one of the leading Turkish television channels, the pro-AKP A Haber. The film, titled "The Mastermind," first aired on March 15, 2015 and has been broadcast repeatedly since then; in addition, the Turkish Islamist pro-AKP media are circulating the film on their...
  • Greece is 'close to the abyss' as black hole in public finances widens

    04/15/2015 7:48:25 AM PDT · by C19fan · 29 replies
    UK Telegraph ^ | April 15, 2015 | Mehreen Khan
    The depth of Greece's financial woes have been laid bare as official figures showed the country has fallen further into the red following the election of its Leftist government. Greece's primary budget surplus, which excludes its debt interest payments, shrunk to just over 1bn during January and February, compared to 3.17bn over the same period in 2014, according to figures from the Ministry of Finance.
  • Greece prepares for debt default if talks with creditors fail

    04/14/2015 6:22:37 AM PDT · by mykroar · 7 replies
    Financial Times ^ | 4/13/15 | Kerin Hope and Tony Barber
    Greece is preparing to take the dramatic step of declaring a debt default unless it can reach a deal with its international creditors by the end of April, according to people briefed on the radical leftist government’s thinking. The government, which is rapidly running out of funds to pay public sector salaries and state pensions, has decided to withhold €2.5bn of payments due to the International Monetary Fund in May and June if no agreement is struck, they said. High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste...
  • Abbas To Sign Accords With Putin in Moscow

    04/11/2015 10:14:46 PM PDT · by Olog-hai · 29 replies
    INN ^ | 4/11/2015, 10:55 PM | (Arutz Sheva Staff)
    Russian President Vladimir Putin will meet Palestinian Authority (PA) Chairman Mahmoud Abbas in Moscow on Monday where the issue of Middle East peace talks will be raised, Russian authorities announced Thursday. The two leaders will hold talks concerning key aspects of Russian-Palestinian relations and their future, with particular attention on the trade, economy and humanitarian sectors, the Kremlin said in a statement according to AFP. There will also be an exchange of ideas on the process of Israeli-Palestinian talks and other problematic regional situations, the statement continued, adding that North Africa would also be on the agenda.
  • Russia may give Greece pre-payment of profits from future gas pipeline project

    04/09/2015 9:44:10 AM PDT · by Lorianne · 9 replies
    CNBC/Reuters ^ | 08 April 2015
    Russia is considering soon giving Greece funds based on future profits Athens would earn from shipping Russian gas to Europe as part of an extension of the Turkish Stream gas pipeline project, a Greek government official said. Plans for the pipeline taking Russian gas from Turkey to Europe via Greece would be linked to lower Russian gas prices, the official added. Greece would pay back the Russian prepayment after the pipeline started operating, the official said.
  • Greek minister: Evidence for massive German war reparations

    04/09/2015 5:01:52 AM PDT · by Pan_Yan · 14 replies
    AP via Yahoo! Finance ^ | April 7, 2015 11:35 AM | DEREK GATOPOULOS and FRANK JORDANS
    ATHENS, Greece (AP) Greece's defense minister said his country's government has obtained "stunning evidence" to support its claim that German World War II reparations are worth a massive 278.7 billion euros ($302 billion). ... "The evidence is so compelling that it will lead to the reopening of cases, even those that have already gone to court." ... Germany says it has already settled its reparations to Greece in post-war agreements. Sigmar Gabriel, Germany's economy minister, argued that Greece's new left-led government was attempting to use the reparations issue to influence debt negotiations. "To be honest I think it's dumb,"...
  • Russia ready to offer Greeks cash in return for assets

    04/08/2015 6:06:39 AM PDT · by 11th_VA · 31 replies
    telegraph ^ | 7 Apr 2015 | By Tom Parfitt and Mehreen Khan
    Kremlin could provide cash-strapped Greeks a credit line and discounted energy supplies as Alexis Tsipras meets with Putin Russia could offer debt-ridden Greece controversial loans and discounts on supplies of natural gas in exchange for the country's "assets", according to reports in Moscow. Alexis Tsipras, Greeces prime minister, is due to arrive in the city on Tuesday and will meet Vladimir Putin, Russias president, on Wednesday. Athens overtures to Moscow have raised fears the Leftist government is pivoting east in search of alternatives sources of finance as it bids to avoid bankruptcy. Ahead of his visit, Mr Tsipras condemned economic...
  • German economy minister calls Greek war reparations request 'stupid'

    04/07/2015 11:45:24 PM PDT · by Berlin_Freeper · 10 replies
    theguardian.com ^ | 7 April 2015 | Reuters in Berlin
    ...Germany has honoured its obligations, including a 115-million deutschmark payment made to Greece in 1960.
  • Alexis Tsipras flies to Moscow amid speculation of bailout from Putin (Greek Prime Minister)

    04/07/2015 12:54:21 PM PDT · by McGruff · 35 replies
    The Guardian ^ | 7 April 2015 | Helena Smith and Alec Luhn
    The Greek prime minister, Alexis Tsipras, began a controversial visit to Moscow on Tuesday as his debt-stricken country raced to meet tomorrows deadline for the repayment of a 450m loan to the International Monetary Fund. With Greece suffering its worst credit crisis in modern times, the defiant leader flew into Russia amid speculation that president Vladimir Putin might make an offer of financial help he would find hard to resist.
  • Greece demands 279bn(Euros) from Germany in Nazi War Reparations

    04/07/2015 10:20:23 AM PDT · by tcrlaf · 44 replies
    UK Telegraph ^ | 4-7-2015 | Mehreen Khan
    Greece has demanded nearly 279bn in reparations from Germany, more than the value of its current bail-out, as the cash-strapped country continues to pursue compensation for crimes carried out by the Third Reich. A parliamentary committee established by Prime Minister Alexis Tsipras put an official number on the claim, which includes the cost of a forced Nazi loan made by the Bank of Greece and the return of archaeological treasures. Greece suffered a brutal occupation at the hands of the Third Reich in 1941, with over 40,000 people starving to death in Athens alone. SNIP--- Berlin moved to quickly to...
  • Greece Nazi occupation: Athens asks Germany for 279bn euros

    04/07/2015 4:29:33 AM PDT · by Oldeconomybuyer · 24 replies
    BBC News ^ | April 7, 2015
    The Greek government says Germany owes Greece nearly 279bn (204bn; $303bn) in war reparations for the Nazi occupation during World War Two. It is the first time Greece has officially calculated what Germany allegedly owes it for Nazi atrocities and looting during the 1940s. However, the German government says the issue was resolved legally years ago. The new figure given by Greek Deputy Finance Minister Dimitris Mardas includes 10.3bn for an occupation loan that the Nazis forced the Bank of Greece to pay. "According to our calculations, the debt linked to German reparations is 278.7bn euros," Mr Mardas told a...
  • Endless Supply of Rabbits? Greece to Make April 9 IMF Repayment;

    04/05/2015 11:26:57 AM PDT · by Kaslin · 3 replies
    Townhall.com ^ | April 5, 2015 | Mike Shedlock
    Greece to Make April 9 IMF Repayment April 9th was one of the critical dates by which Greece was said to be out of cash. By now most expect these kinds of deadlines to come and go in belief the eurozone hat has an endless supply of rabbits. Sure enough, Reuters reports Greece Says Ready to Make IMF Payment on April 9 Greece will repay a loan tranche to the IMF on time on April 9, its deputy finance minister said on Friday, seeking to quell fears of default after a flurry of contradictory statements on the issue in recent...
  • Greece Said To Prepare "Grexit", Drachma, Bank Nationalization Plans

    04/04/2015 12:47:25 AM PDT · by Crapolla · 19 replies
    zero hedge ^ | 04/03/2015 | Tyler Durden
    On Thursday morning, we took an in-depth look at what the progression of events is likely to be in the event a cash-strapped, negotiation-weary Greece finally, for lack of will or for lack of options, fails to scrape together enough cash to pay its creditors. As BofAML notes, a missed IMF payment and/or failure to make interest payments to either the ECB or private creditors over the coming weeks would likely lead to default within 30 days, at which point "mark-to-fantasy" becomes mark-to-market and then "mark-to-default" in very short order. Although Greek officials came out midday with a categorical denial...
  • Rand Paul's excuse for avoiding the 'religious freedom' law controversy doesn't add up

    04/03/2015 12:10:36 PM PDT · by C19fan · 34 replies
    Business Insider ^ | April 2, 2015 | Hunter Walker and Colin Campbell
    Sen. Rand Paul (R-Kentucky) is the only major Republican likely 2016 presidential candidate who hasn't weighed in on the controversy over Indiana's "religious freedom" law that erupted this week and his explanation for avoiding the issue is questionable.
  • Greece draws up drachma plans, prepares to miss IMF payment

    04/03/2015 4:41:02 AM PDT · by C19fan · 22 replies
    UK Telegraph ^ | April 2, 2015 | Ambrose Evans-Pritchard, & Mehreen Khan
    Greece is drawing up drastic plans to nationalise the country's banking system and introduce a parallel currency to pay bills unless the eurozone takes steps to defuse the simmering crisis and soften its demands. Sources close to the ruling Syriza party said the government is determined to keep public services running and pay pensions as funds run critically low. It may be forced to take the unprecedented step of missing a payment to the International Monetary Fund next week.
  • Fears of a new global crash as debts and dollars value rise

    03/29/2015 6:19:27 PM PDT · by 9thLife · 13 replies
    the guardian ^ | Saturday 28 March 2015 12.00 EDT | Heather Stewart
    Greek ministers are spending this weekend, almost five grinding years since Athens was first bailed out, wrangling over the details of the spending cuts and economic reforms they have drawn up to appease their creditors. As the recriminations fly between Europes capitals, campaigners are warning that the global community has failed to learn the lessons of the Greek debt crisis or even of Argentinas default in 2001, the consequences of which are still being contested furiously in courts on both sides of the Atlantic. As Janet Yellens Federal Reserve prepares to raise interest rates, boosting the value of the...
  • 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
    Greeces 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. Its not a material matter, its 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 | Ral 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.