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On May 6 Greece is to hold snap parliamentary elections against the background of unparalleled social-economic and political crisis... The Greece’s destiny is sad... If people could draw the lessons, the Hellas of today would be a good experience to take into consideration by the countries that today strive to join the European Union and “become rich”. The Brussels bureaucracy sees the EU member countries as corporations to be made bankrupt, split up, swallowed up… Not long ago Greece marked the anniversary of liberation from the yoke of the Ottoman empire and becoming independent in 1821. Is it on the way of losing independence again – this time to nationless Eurocorporation?
Igor IGNATCHENKO | 06.05.2012 |
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At the moment, it is open to debate whether the Greek default is a fairly inescapable outcome or an accomplished fact, but, clearly, getting the Greeks out of trouble is not the point for those who handle the situation. What Brussels, which has recently approved a new 130b bailout for Athens absent the reasons to believe that the previous one did any good, worries about are the financial sector's potential losses, not the problems confronting the Greek population...
Vladimir NESTEROV | 16.03.2012 |
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The Brussels summit of December 2011 intended to solve a huge fiscal and budget (and in reality an economic) problem in the Euro-zone. It let to a political split within the EU-27 and risks to unleash a constitutional disaster... The summit of Brussels also showed a deep split in form of different approaches towards the capital market. It points at a geopolitical dividing line within the European Union. There seems to be a conflict between banks based on credit business and hedge funds... David Cameron... stands firm beside his Atlantic ally and behaves like an American Trojan horse in a European surrounding...
Hannes HOFBAUER | 17.12.2011 |
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The EU is currently confronted with a tough dilemma: it can either focus on restoring the financial health of Greece and its other problem-ridden countries or get drawn into the Middle Eastern geopolitical confrontations, quite possibly at the cost of the viability of Euro.
Pyotr ISKENDEROV | 15.12.2011 |
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In mid June Alan Greenspan, former Federal Reserve chairman, said a default by Greece is “almost certain” and could help drive the US economy into recession. Greenspan’s loud statement on Greece may be a “sound curtain” to prepare the global community to a default by the US... Strategically, it makes no difference if a default by Greece is possible in the near future or it will be delayed by means of infusion of ten billions euros into the national economy from abroad. The result will be the same in both cases: first a deflationary shock and than – hyperinflation. Nevertheless, if Greece receives the economic help from abroad the US will have more time to prepare the scenario of the managed hyperinflation of dollar...
Yuri GAVRILECHKO | 24.06.2011 |
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European governments are doing all they can to sustain the banking sector's customary profit margins, if necessary – at the expense of the general population.Social programs are sacrificed serially to stem mounting budget deficits... A year ago billions of dollars were drained from the budgets of Germany, France, Italy, and Greece to inject liquidity into the striving financial sector, and by now the public discontent at the consequences of the policy is manifest in the protests spilling over the streets and squares of European capitals.
Elena PUSTOVOITOVA | 16.09.2010 |
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“The policy of forced 'internal devaluation', deflation, and depression could risk driving Greece to the edge of a civil war. It is impossible to cut wages and prices by 30pc without major riots,” said Hans-Werner Sinn, head of the prestigious IFO Institute in Munich, speaking at the elite European House Ambrosetti forum at Lake Como…
Ambrose EVANS-PRITCHARD | 04.09.2010 |
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A report on Greece by Spiegel magazine entitled "Entering a Death Spiral" revived worries about political stability, painting a picture of a country nearing popular revolt. It said unemployment had reached 60pc to 70pc in depressed areas. "The entire country is in the grip of a depression," said Speigel. "Everything seems to be going downhill. The spiral is continuing unabated and there is no clear way out"…
Ambrose EVANS-PRITCHARD | 20.08.2010 |
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