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Greek Crisis Awaits Other NATO Partners

One notable consequence of the Ukraine conflict and the ongoing confrontational stand-off between the West and Russia is the dramatic surge in military spending among several European countries...

Finian CUNNINGHAM | 02.07.2015


 

Greece Again Can Save The West

Like Marathon, Thermopylae, Plateau and Mycale roughly 2,500 years ago, Western freedom again depends on Greece.  Today Washington and its empire of European vassal states are playing the part of the Persian Empire, and belatedly the Greeks have formed a government, Syriza, that refuses to submit to the Washington Empire

Paul Craig ROBERTS | 01.07.2015


 

The bank holidays in Greece are no holiday at all

The history behind the familiar concept of the European “bank holiday” dates back to 1871, when the Bank Holidays Act was passed in the United Kingdom. It established four days each year when banks would be closed. Typically those days fell on major religious holidays. By the end of the nineteenth century, bank holidays had become a familiar part of life in the UK and Commonwealth countries - they were also considered unofficial national holidays in Ireland and then the custom spread to continental Europe in the twentieth century

Valentin KATASONOV | 30.06.2015


 

Tragic History of XX Century and Crisis Faced by Greece

The whole world is closely watching the situation unfolding in Greece. This country may become a trigger to start a chain reaction leading to the collapse of united Europe. A default on public debt (exceeding 320 billion euros) will be followed by a default of Greek bonds holders. Nobody can make a forecast to predict the economic and political consequences...

Valentin KATASONOV | 29.06.2015


 

Greek Democracy Is Failing; EU Aims to Eliminate Members’ Sovereignty

The Greek debt is unpayable.  It is simply too large to be repaid.  The austerity that the EU and IMF have imposed on Greece has worsened the problem by driving down the Greek economy, thus making the burden of the debt even heavier.  Despite the obvious fact that the EU’s austerity policy is a failure and cannot succeed, the Greek “debt crisis” drama continues.

EDITOR'S CHOICE | 27.06.2015


 

Three Victories of the Greek Government

Whatever is the outcome of the Eurogroup’s meeting 22 June, it is from now on clear that the Greek Government has achieved a spectacular victory. The Government has been improperly labeled ‘a government of the radical left’ or ‘the Syriza government’, but in reality it is a coalition (and the fact that this union has been made with the ‘sovereignist’* party ANEL is significant).

EDITOR'S CHOICE | 25.06.2015


 

St. Petersburg Economic Forum and EU Bitter Predicament

The St. Petersburg International Economic Forum (SPIEF) has kicked off on June 18 against the background of economic woes faced by Europe. While being focused on anti-Russia punitive measures, the EU is losing control over European economy. President Donald Tusk convenes a Euro Summit on Greece Monday, June 22. He said the failure of EU finance ministers on Thursday, June 18, evening to agree a deal to release desperately needed bailout aid meant it was now time to «urgently discuss» the Greek crisis «at the highest political level»...

Pyotr ISKENDEROV | 20.06.2015


 

Wall Street falls as Greek talks hit stalemate

News | 13.06.2015


 

US Hopes Greek Debt Crisis Settles Without Rocking Global Market

News | 08.06.2015


 

Greece’s Creditors Take Tough Line: What Will it Lead to?

...The lenders are going to impose Greece a program of reforms which is actually an ultimatum. The policy conditions in the creditors’ proposal – whose details remained under wraps but include fiscal austerity, privatizations, and overhauls of pensions and labor law—could prove extremely challenging for Mr. Tsipras to accept without sparking a rebellion within his ruling coalition. In not so distant future Greece will have to reduce the budget deficit to 3, 5%. This is the price for having the troika of major lenders – The International Monetary Fund, the European Central Bank and the European Commission – unfreeze the 7, 5 billion euros tranche...

Valentin KATASONOV | 04.06.2015




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OUR COLUMNIST
    Finian CUNNINGHAM

Greek Crisis Awaits Other NATO Partners

One notable consequence of the Ukraine conflict and the ongoing confrontational stand-off between the West and Russia is the dramatic surge in military spending among several European countries...

02.07.2015
 
 
 
 
 
 
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