Good news. The European Union finally decided to take action, before the long-term jobless reach the age of having to apply for retirement than for a job. Even though in real life, anyone over 35 is not exactly a catch for head-hunters and employers. After the EU commissioners, officials and …
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EU forces to launch anti-smugglers operations but let babies & children drown in the Aegean
A human tragedy occurred in the early morning hours of Sunday in the eastern Aegean Sea. A boat carrying refugees to Greece capsized and sunk, 3 nautical miles of the island of Farmakonisi. Several dozens people fell into the cold water, some of them were wearing life vests. But some …
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Greece asks EU for humanitarian aid, announces urgent measures for Lesvos where the situation is “a step before social explosion”
Greece asked the European Union on Monday for humanitarian aid to help it cope with what it called “a volatile situation” following the large flow of migrants and refugees from the Middle East and Africa onto its shores. According to Reuters, “Greece requested the EU activate its civil protection mechanism, …
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Refugee crisis escalates: violent clashes on Lesvos, eggs & boos against EU-officials on Kos
On the island of Lesvos, hundreds of migrants attempted to get on board of a ferry without the necessary papers, clashes erupted between security units and the angry people. In Kos, a mob of angry residents hurled tomatoes and eggs, swore and booed the EU Migration Commissioner Avramopoulso and EC …
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Hillary Clinton’s emails: US interest in Greece’s crisis is pure geopolitical
Greece’s economic meltdown in 2010 was a subject of special interest for U.S. policymakers, including then-Treasury Secretary Timothy Geithner, according to the latest batch of Hillary Clinton’s State Department emails. According to an exclusive report of CNBC, some of the Clinton’s email reveal and confirm that it was nothing but …
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UPD IMF warns Greece needs deeper debt relief, Schaeuble wants 3. Bailout AND Grexit
A secret study by the International Monetary Fund showed that Greece needs far more debt relief than European governments have been willing to contemplate so far. The IMF study is an updated version of July 2nd as it takes into consideration the capital controls imposed since June 29th 2015. “Greece’s …
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Tsipras’ next battle: Government majority and rebels in his own party
After having survived the brutal Euro Summit in Brussels, Prime Minister Alexis Tsipras is facing another cruel battle today: to secure a government majority in the Parliament. With some 30-32 lawmakers of his own party openly denouncing the Brussels agreement, Tsipras most possibly will see today that the seats of …
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EU Commission stopped funds for Greece’s ERASMUS program?
That’s an interesting development in the context of the negotiations between Greece and its creditors, one of them being the European Commission. While there are several hints* that the EC is deliberately cutting the flow of structural funds to Greece. The news comes from Italy and thus from the official …
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Is the Eurogroup a “modern Inquisition” aiming to combat political and economic heresy?
Democratic procedures in Europe? Well… Hardly… Most likely it is about a mechanism of Institutions that rule setting aside democratic elected governments and ministers. A very serious claim about the Eurogroup meeting of last Thursday is made by Greek Finance Minister Yanis Varoufakis. In his article to the Irish Times, …
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Dirty Games by Very Dirty Guys: The ECB “orchestrates” a bank run
The news posted by Reuters shocked! The usual suspects, the “anonymous officials with knowledge of the talks”, the black-tie toussie-moussies had reportedly told the international news agency that “the European Central Bank was not sure if Greek banks would open on Monday”. “The European Central Bank told a meeting of …
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Greek BoG dramatic annual report warns of ‘uncontrollable crisis’, GREXIT & GREUXIT if no deal
The governor of Central Bank of Greece, Yiannis Stournaras wrote his annual report and forwarded it to the Greek Parliament and Tsipras’ cabinet. In his 141-page report Monetary Policy 2014-2015, the former Finance Minister of Samaras-Venizelos government warned that Greece faces an “uncontrollable crisis”, if a deal cannot be reached …
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PM Tsipras accuses IMF of “criminal responsibility,” ECB of “financial asphyxiation’ and the EU of using “austerity a la carte”
Greek Prime Minister Alexis Tsipras sharply criticized the country’s creditors on insisting to impose a “failed program” and accused the International Monetary Fund of “criminal responsibility for what has happened in the last 5 years.” Speaking to his own lawmakers in SYRIZA’s parliamentary group on Tuesday, Alexis Tsipras also accused …
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Greece – Creditors’ Game of Nerves: It’s Now or Never?
A crucial – the most crucial – meeting between Greece and its creditors is taking place Sunday afternoon in Brussels. Greek delegates are to meet the representatives of the three Institutions IMF, EU, and the EFSF for a so-called “final effort” to reach an agreement on the Greek debt problem. …
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Varoufakis: “Agreement by June 30th”; reveals he was threatened with “capital controls” by European official
Finance Minister Yanis Varoufakis told media Thursday morning that an agreement with Greece’s creditors can be reached by “June 30th.” The date is some 10 days after Greece has to meet its obligations to the IMF with the payment of four tranches (5-19 June). The creditors have repeatedly said: no …
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50 Shades of Minimum Wage across EU and the Eurozone (map)
Minimum wage across the eurozone and the European Union and the rest of the old continent as well in Eurasia and the countries around the Mediterranean basin. 50 Shades of wages in an unbalanced world. Sourc: Wikipedia/Eurostat – Graphics by Jo Di Graphics . A minimum wage is the …
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PM Tsipras to creditors: “The dilemma is between a realistic exit from the crisis or Europe’s division”
Seeking an agreement with the creditors, Prime Minister Alexis Tsipras said that Greece has submitted a draft plan to the Institutions – formerly known as the Troika – Monday night. Tsipras did not reveal details of the draft plan but said that it was a program “for Greece to exit …
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Coin-cidence! EU trolls Greece with 2-Euro coin, when EZ future uncertain
I would have never thought that the bureaucrats sitting on the chairs of the European union in Brussels were able to do such a trolling to Greece. While the conservative majority of the EU would love to see Greece out from the euro and the EU, while Greece’s eurozone future …
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Could Greece skip next week’s payment to IMF & make all June’s payment at the end of the month?
Another scenario is making the rounds to keep the media busy and the Greek clock ticking. This time it is some EU officials claiming that Greece will allegedly be allowed to skip payment to the International Monetary Fund (IMF) on June 5 and have time to negotiate a funding deal …
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Lose-Lose situation if no deal between Greece and its creditors
Suppose there is no deal reached by June 5th between Greece and its creditors, suppose that no bailout money arrives in Athens, suppose the Greek government and the Greek Finance Minister do not transfer the money to the International Monetary Fund on June 5th. What will happen? The IMF will …
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Survey: 48% support SYRIZA, 54% approve Gov’t negotiations attitude
Despite all odds. Despite all pressure and “bankruptcy” threats and blackmails. 48% of Greeks support left-wing SYRIZA and 54% approve the government’s approach in negotiations with lenders, while 58% want that the Government does not step back under the creditors’ pressure. The majority of respondents reject the additional austerity measures …
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