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Keyword: greece

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  • Greek Crisis Deepens

    02/28/2015 6:33:12 PM PST · by NRx · 25 replies
    The Telegraph ^ | 28 Feb 2015 | Ambrose Evans-Pritchard
    Greece's new currency designs are ready. The green 50 drachma note features Cornelius Castoriadis, the Marxisant philosopher and sworn enemy of privatisation. The Nobel poet Odysseus Elytis - voice of Eastward-looking Hellenism - honours the 200 note. The bills rise to 10,000 drachma, a wise precaution lest there is a hyperinflationary shock as Greece breaks out of its debt-deflation trap at high velocity. The amateur blueprints are a minor sensation in Greek artistic circles. They are only half in jest. Greece's Syriza radicals have signed a fragile ceasefire with the eurozone's creditor powers. Few think this can last as escalating...
  • Full Circle: The First Anti-Government Protest In Greece Turns Ugly

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    02/14/2015 10:18:19 AM PST · by Steelfish · 23 replies
    Telegraph(UK) ^ | February 15, 2015
    White House Warns Europe On Greek Showdown Washington blames Europe for the lack of global recovery and is losing its patience with EMU creditor states that fail to pull their weight By Ambrose Evans-Pritchard 13 Feb 2015 The Obama administration has leapt to the defence of Greece, warning Germany and Europe’s creditor powers that they must meet Athens half-way to avert a potentially dangerous rupture and a euro break-up. Caroline Atkinson, the US deputy-national security adviser, said the eurozone authorities had imposed the main burden of adjustment on the weaker deficit states and should do more to accept their share...
  • Super Hero of Cartoon Character

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

    02/13/2015 2:11:33 PM PST · by Kaslin · 34 replies
    Townhall.com ^ | February 13, 2015 | Mike Shedlock
    At midnight, Greece turns into a pumpkin. The clock is clearly ticking but is this the 10th or 11th hour? Given the eurozone propensity to extend deadline after deadline, it's hard to say precisely what time this is. But we can say Greek Bailout Talks with Europe Break Down. Eurozone finance ministers’ first attempt to grapple with the bailout demands made by the new Greek government broke down in recriminations after the two sides failed even to agree a way to take negotiations forward after six hours of talks in Brussels. Jeroen Dijsselbloem, the Dutch finance minister who chairs the...
  • Germany faces impossible choice as Greek austerity revolt spreads

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

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

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

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

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

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

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

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

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

    02/09/2015 10:26:07 PM PST · by NRx · 36 replies
    The Telegraph ^ | 09-02-2015 | Ambrose Evans-Pritchard
    Greece’s finance minister Yanis Varoufakis has spelled out the negotiating strategy of the Syriza government with crystal clarity. “Exit from the euro does not even enter into our plans, quite simply because the euro is fragile. It is like a house of cards. If you pull away the Greek card, they all come down,” he said. “Do we really want Europe to break apart? Anybody who is tempted to think it possible to amputate Greece strategically from Europe should be careful. It is very dangerous. Who would be hit after us? Portugal? What would happen to Italy when it discovers...
  • Greece warns euro could collapse like house of cards

    02/09/2015 11:25:52 AM PST · by tcrlaf · 21 replies
    AFP ^ | 2-9-2015 | AFP
    A Greek exit from the euro would see the euro collapse like a house of cards, Finance Minister Yanis Varoufakis warned in comments that triggered a spat with Italy. "Greece's exit from the euro is not something that is part of our plans, simply because we believe it is like building a house of cards. If you take out the Greek card, the others will collapse," Varoufakis said in an interview with Italian public broadcaster RAI that was aired on Sunday. Varoufakis also incurred the wrath of his Italian counterpart Pier Carlo Padoan by comparing Italy's problem with its large...
  • Greece has 'moral obligation' to claim German WWII reparations: PM

    02/09/2015 6:02:48 AM PST · by C19fan · 18 replies
    AFP ^ | February 8, 2015 | Staff
    Greek Prime Minister Alexis Tsipras said Sunday the country had a "moral obligation" to claim reparations from Germany for the damages wrought by the Nazis during World War II. Greece had "a moral obligation to our people, to history, to all European peoples who fought and gave their blood against Nazism," he said in a key address to parliament.
  • Obama’s Big Fat Greek Budget

    02/08/2015 11:41:15 AM PST · by Sean_Anthony · 5 replies
    Canada Free Press ^ | 02/08/15 | Daniel Greenfield
    Debt is about more than just money. It's about the end of expectations and the death of hope In a speech at the Department of Homeland Security, Obama declared that he wants to “replace mindless austerity with smart investments that strengthen America”. Those “smart” investments scattered across a gargantuan $4 trillion budget include a $500 million Green Climate Fund for the Third World and $105 million to help the government build better websites. Obama is fond of putting the word “smart” in front of stupid ideas to make them seem less stupid. The $4 trillion budget is actually as stupid...
  • Greece Needs Bridge Loan, Not Bailout - PM Tsipras [That's What Greece Said Before?]

    02/08/2015 11:03:39 AM PST · by Steelfish · 13 replies
    February 08, 2015
    Greece Needs Bridge Loan, Not Bailout - PM Tsipras Greece cannot service its huge debt and will seek a bridge loan rather than an extension of its bailout, Prime Minister Alexis Tsipras has said. In an address to parliament, he also promised measures to cut bureaucratic spending and said his government would stick to all its pre-election pledges. Mr Tsipras's far-left Syriza party won elections last month on a promise to end austerity measures. EU officials have rejected his efforts to renegotiate Greece's bailout terms.
  • Greece: Greenspan predicts exit from euro inevitable

    02/08/2015 10:08:39 AM PST · by tcrlaf · 8 replies
    BBC ^ | 2-8-2015 | BBC
    The former head of the US central bank, Alan Greenspan, has predicted that Greece will have to leave the eurozone. He told the BBC he could not see who would be willing to put up more loans to bolster Greece's struggling economy. Greece wants to re-negotiate its bailout, but Mr Greenspan said "I don't think it will be resolved without Greece leaving the eurozone". Earlier, UK Chancellor George Osborne said a Greek exit would cause "deep ructions" for Britain. Mr Greenspan, chairman of the Federal Reserve from 1987 to 2006, said: "I believe (Greece) will eventually leave. I don't think...
  • Cyprus to offer military facilities to Russia: President

    02/08/2015 8:33:24 AM PST · by tcrlaf · 13 replies
    Xinhua ^ | 1-7-2015 | Xinhua
    Cyprus will offer Russia military facilities on its soil, President Nicos Anastasiades said on Friday. In an interview with a local newspaper, Anastasiades said that a pact strengthening defense relations between the two countries will be signed when he visits Moscow on Feb. 25. "There is an old (defense) agreement which is to be renewed as it is. At the same time, some additional facilities will be provided just like we do with other countries - France and Germany for example," Anastasiades said. Cyprus is currently providing facilities to French planes, such as refueling and maintenance at an air force...
  • Greek Prime Minister: No Change in Relations with Israel

    02/07/2015 7:18:37 AM PST · by Patriot777 · 4 replies
    Israelnationalnews.com (Arutz Sheva) ^ | 2/6/2015, 11:15 PM | Elad Benari
    Greece’s new Prime Minister reportedly assures the Israeli ambassador that Greek-Israeli relations will not change following his election. Greece’s new Prime Minister, Alexis Tsipras, has assured the Israeli ambassador to Athens that Greek-Israeli relations will not change following his election, Kol Yisrael radio reported on Friday. According to the report, Tsipras met this week with the Ambassador, Irit Ben-Abba, and made clear to her that his government is determined to combat anti-Semitism in Greece and that it will continue to prosecute the leaders of the neo-Nazi Golden Dawn party. The meeting comes amid concerns among Greek Jews that the election...
  • Greece turmoil sees bank shares fall 28%... as minister warns Germans over rise of Athens' neo-Nazis

    02/06/2015 6:36:09 AM PST · by C19fan · 10 replies
    UK Daily Mail ^ | February 5, 2015 | James Chapman and Laurie Hanna
    Shares in Greek banks crashed by more than a quarter yesterday as Athens urged Berlin not to go on humiliating a ‘proud nation’. Yanis Varoufakis, Greece’s new finance minister, issued an extraordinary defiant statement invoking the rise of the Nazis when Germany was crippled by debts between the wars. After a tense meeting with his German counterpart in Berlin, Wolfgang Schaeuble, he declared: ‘We didn’t even agree to disagree.’
  • End 'Gross Indignity', Greek FM Varoufakis Tells Germany

    02/05/2015 6:33:25 PM PST · by Steelfish · 22 replies
    BBCNews ^ | February 06, 2015
    End 'Gross Indignity', Greek FM Varoufakis Tells Germany Yanis Varoufakis is in Berlin attempting to renegotiate Greece's debt Greece's new finance minister has urged Germany to help end the "gross indignity" of the Greek debt crisis. Yanis Varoufakis said "too much time, hopes, lives" had been wasted by Greece's forced austerity programme. He was speaking after talks with his German counterpart, Wolfgang Schaeuble, who said a reduction of Greece's debt was off the agenda. Mr Varoufakis has been seeking support for Greece's plan to renegotiate its massive international bailout. On Thursday evening, thousands of people gathered in front of the...
  • Noose Tightens on Europe

    02/05/2015 12:34:07 PM PST · by Kaslin · 6 replies
    Townhall.com ^ | February 5, 2015 | Mike Shedlock
    <p>Today German Chancellor Angela Merkel proclaimed Greek Diplomatic Offensive Is Failing.</p> <p>Merkel’s Christian Democratic-led bloc in parliament has agreed not to give in to any “bad compromise that “defacto adds up to a debt writedown,” Hans-Peter Friedrich, a deputy leader of the caucus, said in an interview today.</p>
  • ECB Pulls The Trigger: Blocks Funding To Greece - Full Statement

    02/04/2015 1:17:23 PM PST · by tcrlaf · 22 replies
    Zerohedge ^ | 1-4-2015 | Durden
    Just what the market had hoped would not happen... *ECB SAYS IT LIFTS WAIVER ON GREEK GOVERNMENT DEBT AS COLLATERAL *ECB SAYS IT CAN'T ASSUME SUCCESSFUL CONCLUSION OF GREECE REVIEW What this means simply is that since Greek banks are now unable to pledge Greek bonds as collateral and fund themselves, and liquidity is about to evaporate, the ECB has just given a green light for Greek bank runs... and all the worst parts of the bible (or merely a negotiating move to let Greece see just what kind of chaos this will create). And now finally, after many years...
  • Mythic Birthplace of Zeus Said Found

    02/09/2009 1:15:59 PM PST · by NormsRevenge · 25 replies · 767+ views
    LiveScience.com on Yahoo ^ | 2/9/09 | Heather Whipps
    The Greek god of thunder and lightning had Earthly beginnings, and scientists think they finally know where. Ancient Greeks first worshipped the omnipotent Zeus at a remote altar on Mount Lykaion, a team of Greek and American archaeologists now think. During a recent dig at the site, the researchers found ceremonial goods commonly used in cult activity and dated at over three millennia old, making them the earliest known "appearance" of Zeus in Greece. The discovery challenges the idea that Zeus worship began on the Greek island of Crete, which at least one classical historian names as the god's mythic...
  • New Evidence From Excavations In Arcadia, Greece, Supports Theory Of 'Birth Of Zeus'

    02/02/2009 7:56:24 PM PST · by SunkenCiv · 11 replies · 502+ views
    ScienceDaily ^ | Monday, February 2, 2009 | University of Pennsylvania
    A Greek and American team of archaeologists working on the Mt. Lykaion Excavation and Survey Project believe evidence indicates that Zeus' worship was established on Mt. Lykaion as early as the Late Helladic period, if not before, more than 3,200 years ago... Over fifty Mycenaean drinking vessels, or kylikes, were found on the bedrock at the bottom of the trench along with fragments of human and animal figurines and a miniature double headed axe. Also found were burned animal bones, mostly of goats and sheep, another indication consistent with Mycenaean cult activity... Evidence from subsequent periods in the same trench...
  • By Zeus! (Greeks return to paganism)

    02/07/2007 8:11:30 AM PST · by NYer · 49 replies · 803+ views
    Guardian ^ | February 1, 2007
    It was high noon when Doreta Peppa, a woman with long, dark locks and owlish eyes, entered the Sanctuary of Olympian Zeus. At first, tourists visiting the Athenian temple thought they had stumbled on to a film set. It wasn't just that Peppa cut a dramatic figure with her flowing robes and garlanded hair. Or that she seemed to be in a state of near euphoria. Or even that the group of men and women accompanying her - dressed as warriors and nymphets in kitsch ancient garb - appeared to have stepped straight out of the city's Golden Age.To the...
  • Modern pagans honor Zeus in Athens

    01/24/2007 9:42:30 AM PST · by presidio9 · 24 replies · 593+ views
    AFP ^ | 01/22/07 | PARIS AYIOMAMITIS
    A clutch of modern pagans honored Zeus at a 1,800-year-old temple in the heart of Athens on Sunday — the first known ceremony of its kind held there since the ancient Greek religion was outlawed by the Roman empire in the late 4th century. Watched by curious onlookers, some 20 worshippers gathered next to the ruins of the temple for a celebration organized by Ellinais, a year-old Athens-based group that is campaigning to revive old religious practices from the era when Greece was a fount of education and philosophy. The group ignored a ban by the Culture Ministry, which declared...
  • By the power of Zeus, ancient gods are back (Greeks allowed to worship pagan gods)

    03/26/2006 6:37:32 AM PST · by Feldkurat_Katz · 66 replies · 1,994+ views
    Kathimerini ^ | 03/24/2006 | kathimerini
    By the power of Zeus, ancient gods are back Worship of the 12 gods of Mount Olympus associated with ancient Greece could, thanks to a decision by a first-instance court in Athens, become part of the country’s contemporary culture. In a ruling made public yesterday, the court allowed the formation of an association whose members claim to worship Zeus and the other 11 gods. “I support everybody’s right to practice their faith, whichever it may be, without hindrance,” said Apostolos Vrachiolidis, a journalist and one of the founding members of the association. Members of the group deny that they engage...
  • Pagans are reviving the polytheistic religions of the ancient Greeks,and other civilizations.

    08/15/2004 10:12:22 PM PDT · by missyme · 46 replies · 1,363+ views
    Beliefnet ^ | August 15th, 2003 | Kimberly Winston
    This year, Andrea Berman will watch the Olympics for the first time in her life. But she doesn't care who will jump the highest, run the farthest or swim the fastest. She'll be watching the games—being held this year in Greece, their ancestral home—for any mention of Zeus, Athena or Apollo. "I will watch it to see if anything even remotely resembles anything I would know as an ancient ritual and tradition," Berman said. "But I kind of have mixed feelings. On one hand it will be great to see ancient traditions represented. But on the other hand, I know...
  • Gold Falls as Haven Demand Squelched by Greek Plans

    02/03/2015 3:34:57 PM PST · by SunkenCiv · 4 replies
    WSJ ^ | Updated Feb. 3, 2015 | Ira Iosebashvili
    Gold prices fell Tuesday, as hopes for an imminent resolution between the new Greek government and its creditors tempered demand for the safe-haven metal. Gold for April delivery, the most actively traded contract, closed down $16.60, or 1.3%, at $1,260.30 a troy ounce on the Comex division of the New York Mercantile Exchange. A Greek official said Tuesday that Athens was working on a "road plan" to lessen the burden of his country's hefty debt pile, and he hoped to have an agreement with Greece's creditors by the beginning of June. The comments led some traders to sell gold, which...
  • Erdogan Launches Sunni Islamist Revival in Turkish Schools

    02/02/2015 5:42:21 PM PST · by george76 · 12 replies
    Newsweek ^ | December 16, 2014 | Alexander Christie-Miller
    When Hasan Erol and other parents learned that their children’s school would be converted to specialise in Islamic education, they hit the streets. Yeşilbahar Middle School is among five in Istanbul’s staunchly secular district of Kadıköy to have been earmarked for conversion into imam-hatips, religious schools in which 20% to one-third of hours are dedicated to Sunni Islamic study. “They want to transform this area into something else,” says Erol, whose 13-year-old son goes to the school. “They want to make it more conservative by bringing imam-hatips here.” Yeşilbahar was spared. Authorities relented in the face of protests and a...
  • Obama Expresses Sympathy for New Greek Government ["You Cannot Keep On Squeezing Countries"]

    02/01/2015 8:20:35 PM PST · by Steelfish · 39 replies
    Wall St J. ^ | February 01, 2015 | ANDREW ACKERMAN
    Obama Expresses Sympathy for New Greek Government By ANDREW ACKERMAN Feb. 1, 2015 President Barack Obama expressed sympathy for the new Greek government as it seeks to rollback its strict bailout regime, saying there are limits to how far its European creditors can press Athens to repay its debts while restructuring the economy. “You cannot keep on squeezing countries that are in the midst of depression. At some point there has to be a growth strategy in order for them to pay off their debts to eliminate some of their deficits,” Mr. Obama said in an interview with CNN’s Fareed...
  • Europe's creditors play with 'political fire' in pushing Greece to the brink

    02/01/2015 7:06:51 PM PST · by Lorianne · 15 replies
    Telegraph (UK) ^ | 31 January 2015 | Ambrose Evans-Pritchard
    The North European power structure has issued stern and inflexible warnings to Greece. Syriza’s triumphant radicals must pay the country’s debts and stick to the letter of the hated `Memorandum’ imposed by creditors. If premier Alexis Tsipras breaches the terms of Greece’s EU-IMF Troika bail-out – signed by earlier leaders under duress, and deemed unjust in Athens – Europe will cut off €54bn of support for the Greek banking system and force the country out of the euro in short order. Europe must not yield to “blackmail,” said Germany’s ZEW institute. Wolfgang Schäuble, Germany’s finance minister, said the new Syriza...