EU's Greek Austerity Plan Rejected By The IMF
• http://www.paulcraigroberts.orgI have maintained since the so-called Greek Debt "crisis" began back in 2010, I believe it was, that the imposition of austerity on Greece could not possibly...
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European Union
Many Germans and Greeks disillusioned with euro
• http://www.marketplace.org"The euro is bad for every country, " says Nico Rolle, a 30-year-old software engineer from Berlin. " When you look at Italy, France or Spain, they're all suffering because of the euro. I don't think it was a good thing."
Greek stocks plunge, banks hammered, after five-week crisis shut down
• BY GEORGE GEORGIOPOULOS AND ANGELIKI KOUTANTOUGreece's stock market closed with heavy losses on Monday after a five-week shutdown brought on by fears that the country was about to be dumped from the euro zone.
The Euro Isn't Dead
• LewRockwellWhile the world can count dozens of important currencies, when it comes to top line financial and investment discussions, the currency marketplace really comes down to a one-on-one cage match between the two top contenders: the U.S. Dollar and the Eu
Greece May Seek 24 Billion Euros in First Draw From Bailout Aid
• http://www.voanews.comGreece may seek 24 billion euros in a first tranche of bailout aid from international lenders in August to prop up its banks and repay debts falling due at the ECB, a pro-government Greek newspaper said in its early Sunday editions.
The Great Greek Fudge
• http://www.zerohedge.comA third Greek bailout involving loans from the European Stability Mechanism (ESM), the eurozone's bailout scheme, is now being negotiated.
Italy's Finance Minister Joins "United States of Europe" Parade
• http://globaleconomicanalysis.blogspot.comAs expected, Italy has joined the "United States of Europe" parade. And also as expected, some from Germany want no part of it. Let's start with Italy.
According To One Veteran FX Trader, "Greece Is Playing It Correctly"
• http://www.zerohedge.comSome interesting, and contrarian, observations from former FX trader and fund manager, and current Bloomberg commentator, Richard Breslow on Greece - which for all the bashing, may be doing just what it is supposed to be doing.
German Economic Council Backs Exit For "Uncooperative" Eurozone Members
• http://www.zerohedge.comNow more than ever, the world is raising serious concerns about the long-term viability of the EMU.
Putin ready for European pivot East to Russia & China: Are you?
• http://english.pravda.ru"The 'Silk Road' plan is expected to change the world political and economic landscape through development of countries along the routes, most of which are eager for fresh growth," Xinhua wrote.
Greek PM Tsipras Under Pressure Over Covert Syriza Drachma Plan Reports
• http://www.breitbart.comSome members of Greece's leftist government wanted to raid central bank reserves and hack taxpayer accounts to prepare a return to the drachma, according to reports on Sunday that highlighted the chaos in the ruling Syriza party.
Top Hollywood studios face EU antitrust probe
• http://www.rawstory.comThe EU accused six top Hollywood studios and the Sky TV pay channel on Thursday of breaching antitrust laws, in the latest salvo in Brussels' efforts to break down digital barriers in Europe.
Greece to Vote on More Reforms
• http://www.voanews.comGreek lawmakers are set to vote Wednesday on a second package of reforms needed to secure crucial bailout funds from Europe.
Greeks Laugh As Bankers Beg Depositors To Return Money
• http://www.zerohedge.com, by Tyler DurdenPresident of Greek Banks Association Louka Katseli appealed at the citizens to return their money to the banks. "Banks are absolutely trustworthy," Katseli told Mega TV "as guaranteed by the ECB and the Bank Association, but they would have bee
The Beginning of the End for the EU?
• http://www.internationalman.com, by Jeff ThomasAfter World War II, many politicians talked about creating a united Europe, much like the United States.
UN Security Council, EU Both Endorse Iran Deal
• http://news.antiwar.com, by Jason DitzGermany Looks to Restore Trading Ties With Iran
Greek Crisis Fallout: Time Is Running Out for an Island Community That Runs on Cash
• http://www.truthdig.comForgotten by "banks, the government" and whole "swaths of the modern world," Agios Efstratios in the Aegean Sea is so remote that the mobile phone network can't process data and ATMs are nowhere to be found, The Guardian reports.
Get ready for a 'fire sale' of Greek islands
• Business InsiderThe property agent Knight Frank is predicting a "fire sale" of Greek islands over the next few years.
Greek banks re-open today, and a lot of people are psyched ......
• Business InsiderGreek banks expect long queues but no major problems when they reopen today for the first time in three weeks,.....
Long Lines Expected As Greek Banks Risk "Cautious" Reopening
• http://www.zerohedge.com, Tyler DurdenNow that Greece has legislated away its sovereignty to Germany and enshrined its future as a vassal state of Brussels into law, Greek banks are set to reopen on Monday for the first time since PM Alexis Tsipras' referendum call triggered a weekend
The 'Greek Debt Deal' Is Already Starting To Fall Apart
• By Michael SnyderThe "deal that was designed to fail" has already begun to unravel. The IMF, which was expected to provide a big chunk of the financing, has indicated that it may walk away from the deal unless Greece is granted extensive debt relief.
All Hail Our Banking Overlords!
• Submitted by Chris MartensonYou really have to be paying attention to see what's truly going on these days. The keepers of the system, that is the banking elites, now openly control everything -- though you'd never know that by listening to the media.
Varoufakis Slams Bailout #3 As "Greatest Macroeconomic Disaster In History...
• http://www.zerohedge.com, by Tyler DurdenVaroufakis Slams Bailout #3 As "Greatest Macroeconomic Disaster In History" While Tsipras "Doesn't Eat Or Sleep"
With a spoonful of financial relief, Greece to reopen banks next week
• latimes.comWith Greece edging close to economic collapse, European authorities took small steps toward giving the country some immediate financial relief Thursday after Athens bowed to their demands and approved a stinging package of austerity cuts and economic
Greek Cabinet Reshuffle Expected
• http://www.voanews.comGreek Prime Minister Alexis Tsipras is widely expected to reshuffle his Cabinet in the next few days, now that Greece has won an increase on the cap for its emergency funding from the European Central Bank.
Bailout Fallout: Juncker Lies to Cameron in Revival of EFSM;...
• http://globaleconomicanalysis.blogspot.comIn 2010, Jean-Claude Juncker, current European Commissioner president, made a pledge to UK Prime minister David Cameron, to never again use the EFSM to bail out another eurozone country.
Greece: Sound and Fury Signifying Much
• http://www.paulcraigroberts.orgAll of Europe, and insouciant Americans and Canadians as well, are put on notice by Syriza's surrender to the agents of the One Percent. The message from the collapse of Syriza is that the social welfare system throughout the West will be dismantle
The Shocking 2008 AIG Report On "Empire Europe" And The Death Of Greece
• Zero HedgeYesterday, Nomura's Richard Koo presented one of the better assessments of the situation in Greece, when he said that the "IMF is slowly beginning to understand the Greek economy", which explains its strategic U-turn, one which now demands far greate
July 5: Greek Independence Day; July 15: Greek In Dependence Day
• Zero Hedge*GREEK GOVERNMENT HAS VOTES TO APPROVE BAILOUT BILL, TALLY SHOWS
European Union tramples over British opposition to Greek rescue plan
• http://www.telegraph.co.ukBrussels will press ahead with plans to use a defucnt EU-wide bail-out fund that will put Britain on the hook for €690m of loans to Greece
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