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Greece

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Where Europe Heads to? Harbingers of Political Storm

The daily routine has distracted the attention of ruling circles in Europe. They have failed to see in time the erosion of political order due to growing interference of EU supranational structures into the affairs of national states. The first warning was sounded during the May 2014 European Parliament election. Miscellaneous and sundry political parties united in their anti-EU drive received 30% of the votes. The Treaty of Lisbon was concluded in 2007 to replace the failed EU Constitutional Treaty. Since then it has become clear that the European integration is quite a reversible process...

Vladimir NESTEROV | 14.12.2014


 

On Rewriting the History of the Second World War and Reviving Reparation Claims

The basic principles and terms of the reparation payments made by Germany and her allies were determined in 1945 at the Yalta and Potsdam conferences. For the USSR, the subject of German reparations was closed in 1953 when Moscow outright refused reparation deliveries from the German Democratic Republic and began paying for them at Comecon (Council for Mutual Economic Assistance) prices. Owing to the division of Germany and a number of other reasons, no general records were even set up for Germany’s fulfilment of its reparation obligations. Today, the German government does not have accurate information regarding its reparations and is using little more than certain expert estimates...

Valentin KATASONOV | 07.11.2014


 

Argentina Declared in Default – Warning to Ukraine

Actually Argentina has defaulted on its foreign debt. Such things happen in the contemporary world, the country has become a victim of financial vultures and the so-called legal imperialism of the United States... Argentina is the best illustration of how the legal imperialism works... On July 31 Ukraine’s Prime Minister Yatsenyuk made a loud-voiced statement. «The first major economic news today is that Argentina went into default», he told lawmakers. «And the second is that Ukraine didn’t default, and it never will». Perhaps he pins his hopes on the US sponsors. There is little ground to believe that Washington will grant billions (or even dozens of billions) to have the Ukraine’s debt restructured. Brussels will hardly lift a finger to help because the plight of the European Union is quite comparable with the debt problems faced by Ukraine...

Valentin KATASONOV | 03.08.2014


 

The financial perils of the eurozone

Until recently European leaders were still making cheerful claims that the EU’s economic recovery was finally at hand and that the euro zone was safely out of the woods. But no one’s saying that anymore. In the first quarter of 2014, GDP in the eurozone averaged only 0.2% growth - only half as much as was expected. Germany has fared slightly better with a 0.8% increase in GDP, as have Belgium and Spain (which both gained 0.4% in the first quarter of this year). The situation in other eurozone countries looks far more grim. France recorded zero growth, GDP in the Netherlands shrank by 1.4%, in Greece by 1.1%, in Cyprus and Portugal by 0.7%, in Finland by 0.4%, and in Italy by 0.1%...

Vladimir NESTEROV | 23.06.2014


 

European Politics Will Be Different From Today On

The European Parliament election made Eurosceptics big winners. The never relenting obsession to make Ukraine break up with Russia has started to undermine the fragile basis of European security allowing nationalists and isolationists make significant gains. The Petro Poroshenko’s victory in Ukraine with ultra right and nationalists gaining more seats in parliament changes the correlation of forces inside the European Union and affects the EU-Kiev-Moscow relationship. Ukraine became consolidated around an oligarch while the European parliament has internal divisions exacerbated. «European politics will be different from today on», said Doru Frantescu, policy director and co-founder of VoteWatch Europe, an independent Brussels-based organization that tracked opinion polls in the run-up to the elections...

Pyotr ISKENDEROV | 30.05.2014


 

EU-Ukraine Trade Deal Paves the Way for Brutal Economic Austerity. IMF to Apply “The Greek Model”

Amid intensifying US and European Union sanctions and military provocations against Russia, the EU and the Western-backed government in Ukraine yesterday signed a pact that paves the way for brutal austerity measures and free market “reforms.” The EU-Ukraine Association Agreement is based on the deal that former President Viktor Yanukovych’s Ukrainian government rejected, leading to the US- and EU-instigated protests and violence that ousted him last month.

EDITOR'S CHOICE | 23.03.2014


 

A Europe of Paupers

...In Brussels, they are hoping that their forced entry into the markets of the Eastern Partnership’s post-Soviet countries (primarily Ukraine), through the creation of free trade zones with these countries and a restriction of their economic sovereignty, will enable Europeans if not to save their worsening situation, then at least to postpone the social misfortunes drawing nearer the countries of the European Union...

Vladimir NESTEROV | 25.11.2013


 

Greece: A Social Explosion Is Inevitable

...Greece, with its enormous external state debt, is being driven between Scylla and Charybdis: on the one hand, the European Union is threatening Athens with harsh measures if the plan for privatizing large objects of Greek property breaks down; on the other hand, it is hindering privatization deals with the «wrong» partners, first and foremost with Russia, sabotaging possibilities for the recovery of the Greek economy...

Anna FILIMONOVA | 18.08.2013


 

The European Union and Greece: the Murder of a Nation

Once the level of Greece’s external debt and the impoverishment of a significantproportion of the population had gone off the scale, the global corporatocracy began buying up Greek territory and Greek shares.Greece was destined to become the testing ground for how to lead a country to complete catastrophe. Structural reforms implemented by the Greek government under pressure from the “Troika” (the IMF, European Commission and European Central Bank) acquired an openly coercive nature, while measures to reduce the budget virtually destroyed any prospects for economic growth in the country…

Anna FILIMONOVA | 10.08.2013


 

Discord Mounting in the European Union (II)

Right on time for the conflicts in the European Union at the center of which Germany has found itself comes an IMF report unprecedented in its self-criticism. This report acknowledges the organization's serious mistakes in developing and implementing the anti-crisis program for Greece. In particular, the report documents the unforeseen consequences for the economy of reducing state expenditures when the recession was already underway, excess optimism in assessing the chances of returning the country to the debt market, and delays in restructuring the state debt using private creditors...

Pyotr ISKENDEROV | 24.06.2013




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OUR COLUMNIST
    Finian CUNNINGHAM

Ending the Cold War on Cuba? From the Freezer to the Chiller

As US President Barack Obama announced his surprise «historic» bid to normalise relations with Cuba this week, the New York Times swooned with glowing news. ‘US to Restore Full Relations With Cuba, Erasing a Last Trace of Cold War Hostility’ was how its top headline put it. Welcoming the development, the American «newspaper of record» said Obama vowed to «cut loose the shackles of the past» and to «sweep aside one of the last vestiges of the Cold War». But, purple prose aside, the hard detail is that the ongoing illegal American embargo on Cuba will stay in place. Moreover, the move comes as Washington slaps on more sanctions against Russia and unleashes new sanctions on Venezuela...

19.12.2014
 
 
 
 
 
 
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