Mint Press News | 5 August 2015 Illusions are at play in the modern tragedy that is the Greek economic system, particularly when it comes to notions of who benefits most from the latest bailout. SAINT-JEROME, Quebec –— Modern Greek tragedy is at play, and so are illusions. The big myth is that Greece overspent…
Global Research | July 31, 2015 By all possible means, the political leaders of the United States attempt to make invisible the economic crisis they face. While a few weeks ago the President of the Federal Reserve System (Fed), Janet Yellen, insisted that the federal funds rate will increase this year, now it appears that this…
Zero Hedge | July 27, 2015 When we first exposed the shockingly dire lack of breadth in US equity markets, it was shrugged off by the mainstream media as yet another ‘worry’ in the wall to climb. It seems, however, that facts inevitably force their way to the surface and so both Bloomberg (more than…
Global Research | July 27, 2015 During their election campaign, the Syriza movement promised the people of Greece an end to the inhumane politics of austerity and the dictatorship of the Troika. After being elected in January, Prime Minister Tsipras and his Finance Minister Varoufakis negotiated with the EU commission, the ECB and the IMF for…
The European Union and International Monetary Fund have lent more than 400 billion Euros to Greece, Portugal, Ireland and Cyprus to keep these countries solvent. The lenders granted enormous power to the three institutions of the so called troika: the IMF, the European Central Bank and the European Commission. Without any public accountability, the troika…
John Pilger | 13 July 2015 An historic betrayal has consumed Greece. Having set aside the mandate of the Greek electorate, the Syriza government has willfully ignored last week’s landslide “No” vote and secretly agreed a raft of repressive, impoverishing measures in return for a “bailout” that means sinister foreign control and a warning to…
Joseph E Stiglitz | 27 June 2015 NEW YORK – The rising crescendo of bickering and acrimony within Europe might seem to outsiders to be the inevitable result of the bitter endgame playing out between Greece and its creditors. In fact, European leaders are finally beginning to reveal the true nature of the ongoing debt…
ICH | 28 June 2015 The Eurogroup Meeting of 27th June 2015 will not go down as a proud moment in Europe’s history. Ministers turned down the Greek government’s request that the Greek people should be granted a single week during which to deliver a Yes or No answer to the institutions’ proposals – proposals…
GWPF | 22 June 2015 Energy Minister Calls Renewable Energy A Threat To National Security Our Gaia, Who art in danger, Sustainable be thy name, Thy renewable energy resources come, Thy Intergovernmental Panel on Climate Change’s will be done On Earth as it is in the upper atmosphere Give us this day our daily organic…
Zero Hedge | 19 June 2015 One week ago, we were stunned to learn just how low the political organization that is the mostly US-taxpayer funded IMF has stooped when, a day after its negotiators demonstratively stormed out of the Greek negotiations with “creditors”, Hermes’ ambassador-at-large Christone Lagarde said that the IMF “could lend to…