EU Fascists Panic: Greece May Break From EU After All (UPDATE: NOPE, THEY WERE ENSLAVED)

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EU Fascists Panic: Greece May Break From EU After All (UPDATE: NOPE, THEY WERE ENSLAVED) /realnews/ archiver 11/04/15 (Wed) 15:24:08 No.247

EU Fascists Panic: Greece May Break From EU After All

The Popular Unity party is a breakaway group from current ruling party Syriza and is led by former energy minister Panagiotis Lafazanis.

The group of 25 left-wing MPs has three days from today to attempt to bring together a ruling Government after Greek Prime Minister Alexis Tsipras resigned last week.

If the party is successful it would cancel Greece's recently-agreed bailout deal and rip-up the harsh austerity measures imposed by European Union creditors before leaving the single currency.

The far-left group now needs to find a coalition partner in Athens' parliament but has already pledged that it would not join forces with any of the parties that voted in favour of the Greek bailout.

The group formed after Mr Tsipras made a U-turn and agreed to drastic economic measures in return for €86billion (£61bn) in cash earlier this month.

Mr Lafazanis last month spoke out against Greece's third bailout deal since its economic collapse, which includes measures more brutal than those rejected in a vote by the Greek people in a national referendum at the beginning of July.

Last week, Mr Lafazanis said his party will express the spirit and substance of the 62 per cent of Greek people who voted 'no' to that deal.

If the Popular Unity party, dubbing itself as the 'anti-austerity' party is not able to form a Government, Greeks are expected to vote in a general election before the end of September.

Mr Tsipras hopes that he will be able to return to power with Syriza with an absolute majority, and with a mandate to carry out the economic measures demanded as demanded by the country's recently-signed bailout deal.

http://www.express.co.uk/finance/city/600381/Greece-to-leave-euro-after-all-MPs-make-bid-to-cut-from-Brussels-and-return-to-drachma

/realnews/ archiver 11/04/15 (Wed) 15:25:00 No.248

NOTE: What happened to Greece because of the austerity imposed by the EU bureaucracy has caused untold misery.

• We have seen Greek bank accounts and safety deposit boxes looted by the ECB.

• Harsh capital controls thereafter, limiting the amount of bank transactions.

• Riots and martial law imposed as expected.

• A drastic increase in poverty.

• A drastic increase in crime.

• A drastic increase in suicide rate.

• A profound decrease of basic lifestyle for those whom survived.

Blowback Could Be The Outcome /realnews/ archiver 11/04/15 (Wed) 15:26:00 No.249

On August 18, Nobel laureate Joseph Stiglitz joined Harper’s Magazine deputy editor Christopher Beha at Book Culture in New York to discuss the Greek financial crisis. In Stiglitz’s view, the latest bailout not only ensures that the country’s depression will worsen, but undermines the entire European project.

Bad economic ideas inflict untold human suffering. When they come cloaked in a fog of Orwellian obfuscation, their poison and effects can spread with little hindrance. The public is misled. Power plays are hidden from view.

In Greece, where suicide rates have risen sharply in the wake of austerity measures, people lose hope.

Joseph Stiglitz, who has been following the Greek crisis closely and is recently returned from Athens, sets himself to the task of cutting through the fog. His plain English and fearless use of moral language to expose the ugliness behind economic and political abstractions lend clarity to a situation that is not just bringing a nation to its knees, but threatening to destroy the European project and bring on a future of conflict and hardship.

In discussing Greece’s Third Memorandum of Understanding and its draconian terms, Stiglitz observes that the MoU is really a “surrender document” that eclipses the country’s economic sovereignty and ensures that Greece’s depression — already deeper than America’s Great Depression — will get worse. An economy that is seeing youth unemployment reaching up to 60 percent is likely to lose another 5 percent in GDP. That is over and beyond the 25 percent plunge in GDP the country has suffered since the imposition of austerity measures.

Read the rest here:

https://archive.is/VQrN5

The Plan Of The ECB (If All Goes As Planned) /realnews/ archiver 11/04/15 (Wed) 15:26:34 No.250

The Plan Of The ECB: Europeans To Bail Out French And German Banks

The 86 billion euros from the third so-called financial rescue approved for Greece will be paid by citizens whose governments are members of the European Union. The interests on the loans requested by the Greek government will be paid in perpetuity by the Greek people.

The third bailout will be disbursed over the next three years. The details and conditions of the program will be reviewed every two months, according to the Memorandum of Understanding (MoU) issued by the parties involved in the negotiation.

Athens major lenders called the Stability Mechanism (SM), draws annual contributions from the Member States-, the European Commission, the European Central Bank and, if Greece overcomes its first review in October, also the International Monetary Fund (IMF). This is what is now known as the quartet of creditors.

The new program is part of the remaining lending capacity of the SM, which is 455 billion euros. Thus, the new program approved on Friday does not require any new contributions from the Member States of the euro area.

The SM allegedly mobilizes funds on the basis of capital already signed to by the Member States.

Read the rest here:

https://archive.is/h9qTG