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Tsipras Does Not Rule Out Russian Aid As UK Chancellor Calls Greece "Greatest Risk To Global Economy"
"It is clear that the stand-off between Greece and the eurozone is the greatest risk to the global economy," warns UK Chancellor George Osborne adding that he hopes Greece's new finance minister "acts responsibly," as Varoufakis toured Europe to discuss Greece's 'demands'. Mainstream media's attention, however, is not focused on this warning (remember, Greece is small and contained is the meme to pay attention to), but instead proclaimed Greece's pivot to Russia over when in fact, Tsipras words did anything but 'rule out' Russian aid as he said - specifically - "we are in substantial negotiations with our partners in Europe and those that have lent to us," adding that with regards Russia, "right now, there are no other thoughts on the table." Hardly the definitive "ruling out" that US media spins.
As Reuters reports, Varoufakis also met British officials, seeking more European allies, although Britain is not a member of the euro zone.
"It is clear that the stand-off between Greece and the euro zone is the greatest risk to the global economy," Britain's finance minister, George Osborne, said after their meeting.
"I urge the Greek finance minister to act responsibly but it's also important that the euro zone has a better plan for jobs and growth," Osborne said.
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And this follows France's "support for debt renegotiation" and Germany's dismissal of any changes to the current plan:
It has so far met a tough line from European partners, above all from Germany. German Finance Minister Wolfgang Schaeuble told Reuters in an interview on Monday that Berlin would not accept any unilateral changes to Greece's debt program.
"We want Greece to continue going down this successful path in the interests of Greece and the Greeks but we will not accept one-sided changes to the program," he said at the Reuters Euro Zone Summit.
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But it is the US media spin of the Russian pivot that is notable...
Here is Reuters' headline...
And here is what Tsipras actually said...
"We are in substantial negotiations with our partners in Europe and those that have lent to us. We have obligations towards them," Tsipras said at a news conference in Cyprus during his first foreign visit as prime minister.
"Right now, there are no other thoughts on the table," he said, when asked whether Greece would seek aid from Russia, which has suggested it could be willing to listen to a request for support from Athens.
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Hardly the definitive ruling out of Russian aid that the headline proclaims.
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Glad to see that someone in Greece finally said STOP We know that the years ahead are going to be tough but with this new regime the Greek people may have something to be proud of in the years ahead. There is more cards to play but at this pivotal moment in EU history the trump card is in the hands ofTsipras.
Ireland is also in play but to this point they have stood by their obligations.
Actually they weren't Ireland's obligations until the then government, under extreme pressure from the EU/ECB/Germany bailed out private banks that could not repay loans from German and other banks which had been used for real estate speculation and not Irish government bonds. So in some sort of sick Irish joke the Irish government signed up its taxpayers to bail out German banks to "preserve the euro".
That's exactly right Bazza. Our Govt debt was very modest; -
s recently as 2007, Ireland was seen by
many as top of the European class in its economic achievements. Ireland had combined a long period of high economic growth and low unemployment with budget surpluses. The country appeared to be well placed to cope with any economic slowdown as it had a gr o ss debt - GDP ratio in 2007 of 25 % and a sovereign wealth fund worth about €5000 a head. Source - http://www.ucd.ie/t4cms/WP11_09.pdf German banks particularly stuffed Irish banks with money for an easy return which the Irish banks fuelled a property bubble with. This was only possible because Euro interest rates were low. Why were they low? Becuase in the early years of the Euro, Germany needed low interest rates. Ireland needed higher interest rates to cool the property bubble. But Germany got what Germany needed, and we got the finger. None of these debts were the Irish taxpayers. But the Irish Government, made us of schoolteachers and small time lawyers for the most part, had no clue what to do when the SHTF. The Irish bankers lied through their teeth, saying it was a liquidity problem, not a solvency problem. And the property shylocks predicted a soft landing in property values. The government of the day was told there would be no money in the ATM's on the Monday morning if they didn't bail the banks. And the head bankster, Jean Claude Trichet, blackmailed the government into bailing the bondholders. The fact is, the debt taken on by the Irish taxpayer was not their obligation. It is odious debt, and if we in Ireland ever grow a pair, we'll join the other piigs and tell the shylocks and the tribe where to shove it. Bring on the collapse. The sooner it's done, the sooner we can get back to honest economy.It appears to me that the wording of the Reuters headlines is a not so veiled threat to "V man" Varoufakis.
If Tsipras ever gets serious about accepting Russian aid "the pivot towards Russia", I will expect to see a team of CIA operatives sent there to foment regime change. The Greeks will not be allowed to decide their own future.
What colors are left in Obomber's color wheel
Hungary - Chartrueuse
Greece- Burnt Sienna
Russia - Electric Lime
Cuba - Hot Magenta
Belarus - Tangerine
Not long since Grexit was no big deal. Now the Greeks are refusing to rollover Osborne tells us it's the greatest threat to the global economy. When the serfs stand up for themselves it is a disaster.
Osborne is just a limp dick. Anybody could laugh him out of the room...
That is insulting to limpness. He has less backbone than an amoeba, and the intellect of one, too.
It is clear that the stand-off between Greece and the eurozone is the greatest risk to the global economy.
Obviously these politicians assume everyone is completely stupid. Why? Because that statement about a dinky little country like Greece makes utterly clear to anyone with a shred of neurons that these hyper-integrated globalist-designed economies are utterly non-viable, and dangerous to everyone.
Which should (assuming people knew how to operate their own brains, which few do) cause everyone to scream and holler against EU, against euro, against all these globalism trends.
Of course, it should also remind them who got their "nation" and the entire world in the straightjacket it is in. That's right, the same predator morons who now tell them how things work and what to do. Who would want the problems of the whole world dumped upon themselves? Only totally clueless brainwashed morons.
The Greeks frauduently altered & fudged their balance sheet in order to join the EU to gain Germany's pristine 'AAA' credit rating! The Greek's were the 'predators!'
Anyone who creates fiat, fake, fraud, fiction, fantasy, fractional-reserve debt-notes out of thin air, and lives the life of a multi-millionaire or billionaire by shoving those pieces of nothing down the throats of others... is pure, vile, intentional predatory evil.
And remember who GOT that fiat cash... the politicians. Their cronies. Their friends. Their families. The population at large got crumbs... a few cents on the euro, at most.
Remember the principle... you can't make an individual responsible for a loan unless he signed the loan agreement.
SHOW ME THE SIGNATURES.
And yes, hang the debt around their necks, and their families, and their friends, and their cronies.
But to pretend that "regular folks" who had no freaking choice about ANYTHING are responsible?
BULL.
People get the governments they deserve! The are/were ALL proud Socialists & now must pay the price!
And how about the banksters. What do THEY deserve for enslaving entire planets with utterly fictional worthless pieces of NOTHING? What BS. You want fair on one side, drop dead. You want fair on all sides? Bring it on! I agree.
And BTW, show me the signatures.
The 'banksters' who represent 'depositors & investors' looks like they will be absorbing a US$500b bad debt loss from an extremely high risk borrower who have defaulted on THEIR obligations 4 times in the past 100 years! Many banks will fail & tens of thousands of honorable employees will lose their jobs! Pension funds & individual savers will lose their investments! More fictional worthless pieces of fiat currency will need to be printed exposing the entire world to future levels of hyper-inflation! The Greeks will untimately return to their Drachma which they have mismanged for the past century!
The banksters will absorb $500,000,000,000? Do you think about what you write? Then please tell us exactly which banksters earned $500,000,000,000 to "put at risk" by financing other predators (doing business as "governments")?
Do you seriously imagine that these scumbag predators, who have never done a nanosecond of productive work in their entire lives, could HAVE $500,000,000,000 to lend in the first place?
Do you realize what that sentence of yours PROVES?
That some people are multi-zillionaires without producing ANYTHING WHATSOEVER. And you want any of us to believe that, boo hoo, they might not be paid back the same NOTHING that they lent in the first place?
Have you ever noticed that WHEN they "lose $500,000,000,000" they STILL live the life of a zillionaire? And at WORST they retire rich?
But also, let us be clear. EVERY so-called "government" is fiction. PERIOD. When some pack of human predators sit around a big fancy table and smear ink on a piece of paper, NO FORCE IN REALITY can possibly make that smearing of ink convert tens or hundreds of millions of OTHER people into slaves, or obligate them to obey, or obligate them to debts, or create anything real.
To claim that "regular folks" did something awful to "those poor abused banksters" is so outrageously insane... well... you're pushing infinity here.
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As a separate matter: if any individual borrows REAL, VALUABLE STUFF from another individual and agrees to pay them back... then they should make every possible effort to do so. I'm sure we agree upon that.
So don't confuse a real loan with the predatory enslavement of mankind by the most vile, diabolical, destructive pack of predators the universe has ever seen. Please do not compare egregious abuse with a friendly, voluntary transaction. That's not just comparing apples to oranges, that's trying to compare things so different as to be beyond comparision by any rational mind.
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BTW, if that $500,000,000,000 is "lost", then replacing them with newly printed pieces of nothing will simply replace them. But also, it is precisely your hero banksters who created this plan to tie everyone on the planet together (in the same noose), so they can all be enslaved at once... leaving nobody behind. And you defend them? Seriously? Good grief!
Banks use levered fractional lending practices. Deposits are levered significantly depending on the juristiction from which lending is conducted. Often only a small percentage of deposits are necessary to be held thus the half a trillion was not their in the first place which makes this scenario so dangerous. Banks constantly lend to eachother everyday & the threat of contageon spreading throughout the world is very real! A default of this magnitude will result in the tragic loss of jobs and individual savings! Printing/inflating new currency does not 'simply' replace these funds or else this would not be a problem in the first place! It makes the problems significantly worse! The losses to individuals & investors are very REAL & PAINFUL! The Greeks have long spent the funds & are either ignorantly niave or irresponsibly indigant to the problems & threats they have created!
The only way to prevent causing disasters is... to not do infinitely insane things in the first place. Which is PRECISELY what the banksters have been doing, in collaboration with their co-conspirator predators who pretend to be "government".
The BEST thing that could possibly happen is... the total, utter, complete destruction of ALL banks and financial operations on planet earth.
So there!
BRING IT ON.
How anyone can promote and argue for blatant planet-wide slavery is beyond me!
Those cretins CREATED the disaster that you fear. And yet you defend THEM?
How lame!
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BTW, humans will do just fine without their savings... IF THEY END UP GETTING THEIR FREEDOM, they'll earn it back in no time.
'Normal' & regulated lending banking practices have been a major positive to the growth & development of the industrialized world. Businesses, government & entrepreuneurs are constantly being financed. The creation of compound interest rates & related mortgages were quite ingenious & have been a significant boon to the improvemnt in global standards of living. This is definately not an 'US' vs 'THEM' dilemma! The destruction & eradication of financial institutions will definately not improve conditions & would only pave they way for tremendously dangerous Marxist/Communist 'freedom' distruction! Greece is indeed 'free' to make what will be very difficult choices - hopefully they be better than those they made in the past!
Hey, I know who you are! I just figured out your real name.
KOOL-AID.
No, wait. Could be BLUE PILL.
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Oh, and BTW. When people steal others blind for decades and centuries, that sure as hell is an "us versus them" situation. And as a massive apologist for "them", you are "one of them".
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Someday take a few moments to reflect on the fact that governments are FICTION.
Someday take a few moments to reflect on the fact that NOBODY has ANY way to obligate you or anyone else without their permission.
Someday take a few moments to reflect on the fact that when a bunch of human beings smear ink on paper and declare themselves masters of millions or billions, and claim all are now obligated to obey them... NOTHING pops into existence (like "a government"). And NOBODY becomes obligated.
And no other pack of self-important morons who smears ink on paper creates anything either, or gains any "authority" over others. To even imagine such an absurdity makes you insane as can be... like 99% of the planet, unfortunately.
This should be obvious. And this IS obvious to some folks here in ZH.
For you to pretend that you and your friends can smear ink on paper, render everyone for thousands of miles and for thousands of years your slaves, and take and spend endless loans in endless amounts that OTHERS MUST REPAY... is delusional psychosis of the highest order. And claiming that others can and have done so in the past is just as delusional, and just as psychotic. They are and were human beings just like you, and had/have no more "authority" than you do. Namely ZERO.
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Yes, people ARE responsible for their own actions, in cases where their individual actions have consequences. But no, people are NOT responsible for packs of human predators who refuse to do productive work, but claim unlimited arbitrary power to tell others what they must do, what they must not do, how much they must pay for services they do not want, and repay however much in debt service that they had no part in creating in the first place.
Wake up! Get real. And grow up!
And lay off the kool-aid!
i'm not sure what alternate universe in which you reside but where I'm from governments are very real. With real powers to tax using fiscal policy and spend via self determined monetary policy. And they sure can obligate their citizenry to debt levels they feel is appropriate. Next time you enter a polling booth you just might want to keep that in mind. Especiallly if you don't feel like paying taxes anymore. Greece's problems were created by just that kind of government and not some fictional 1 percenter bankster that forced borrowing on an unsuspecting citizenry. The new government of Greece is trying desperately to convince the financial world just that. Unfortunatey nobody is buying it .... other than you and others who are equally as easily manipulated.
You really are terminally normal. Don't worry about it, at least 99.9% are. Me? I moved to the extreme boonies 3 years ago, 125km from the nearest human being, and twice as far from any significant number of humans, set up my 100% self-sufficient private place to live, and now only see humans when I go fetch mail or take a trip in my little airplane every month or three.
So yeah, I see NO government. I pay NO government. I've flown to 16 fictitious nations without permission, without passport, without notice, without visa. Of course, that doesn't include places like the USSA, cuz I'm not a moron, and spent more than enough time there already. Hint, I now live and travel in the southern hemisphere. I have nothing to do with those scumbags any longer. Taxes? Hahaha. Forget that! Never again.
And BTW, I have been smarter since I was very young. Do you imagine I've ever been stupid enough to vote? Seriously? No freaking way! I could see that was inherently corrupt since... well... somewhere around age 5.
I've never borrowed a dime, I've never had a real bank account... at least not one with more than a few thousands inside. And I haven't had one for years, and never will again. I have no fiat anything any longer, thank you.
OF COURSE the human predators who have "run Greece" for years, decades, centuries are a total bunch of utterly corrupt scumbag jerks! OF COURSE. Which is one reason nothing they "agreed to on behalf of Greece" means ANYTHING. If for no other reason, "Greece" is pure fiction. Every "nation" is a fiction. Just because humans can be fooled into believing in fictions, does not make them real. This was one of my several key discoveries at age 4... old enough to figure out what a sick joke humans are. It doesn't take an intellect any more intelligent than a typical 4 year old mind to realize that "there can't be 100s of supreme beings who created the universe and everything". Out of the 1000 or so, at least 999 had to be wrong. Which means, humans believe in ENDLESS fictions. ENDLESS fictions. ENDLESS. ENDLESS.
Which should give people like you and everyone else A CLUE that humans not only CAN be insanely stupid, but almost all of them ARE insanely stupid.
I am manipulated. Hahaha. Brilliant!
People get the governments they deserve! No one denies the loans were made on behalf and to the benefit of the Greek people. The are/were ALL proud Socialists & now must pay the price! Tough spot but simple deal!
Socialists harbor noble intentions & can 'spend & redistribute' other peoples $$$ real good but always have a heck of a time payin' their debts!
I deny it.
Then you are not a lender!
Or a borrower.
But also, a lender who did not earn and save the [fake] currency he lends, is just a predator. PERIOD.
Especially when they utterly and totally control "government", which they do.
Lenders loan money on behalf of depositors & investors like yourself. Financial institutions provide a valid & significant & critical function in our complex global society! Upon further investigation you will probably discover that it is the self-interested governments who are the ones who control the chartered banks & NOT the other way around! That is NOT good either!
You must be close to bursting from all the koolaide you drank! Seriously!
You just totally ignore the fact that NO BANK has lent out the money in savings accounts deposited by other people. NONE. Not for decades.
What happens is, if a bank has (say) $1-billion in [checking, savings, other] deposits, they can lend out somewhere between $9-billion and $99-billion (or more) of currency (or computer bits) they create out of thin air.
Banks DO NOT lend out deposits, not in the USSA they don't.
Furthermore, you're not even scratching the surface of what these cretins have done. Through bribes (which are easy to come by when you create currency out of thin air at zero cost), the banks recently had the US government pass a law that makes ALL funds in US banks and financial institutions the PROPERTY of those BANKS.
Which means, NOT A SINGLE INDIVIDUAL in the USSA has a deposit in a bank. In fact, none of them own any of the currency they deposited AT ALL.
This was done on purpose, so the banks can simply "have financial problems", declare a "financial emergency", and DEFAULT on the debt they have to their [former] depositors.
Oh, yeah, that's so honest. That is so beneficial. Sure. Stealing the ENTIRE SAVINGS OF A NATION ALL AT ONCE was very benevolent.
!!!!! NOT !!!!!
How many savers even KNOW their savings have already been stolen? How many savers even KNOW they are now LAST IN LINE for [what was] their own currency?
Oh yeah, banksters are just great. So necessary.
About as beneficial and necessary as a bullet through the brain. Which quite possibly millions of former depositors will be doing to themselves when they find out what has been done to them, and they have no recourse whatso-freaking-ever.
Oh yeah. My heros, the banksters. NOT.
You definitely need to differentiate between Central Banks and Charter Commercial Banks. I believe the 'banksters' to whom you refer and the ones who inflict the damage to what you speak are the Central Banks. Those who are under the direct control and direction of the governments in power and are the ones who carry out the Monetary Policy as directed. Chartered Commercial Banks are those who collect from savers and lend out accordingly. They get their license or charter from the government and are monitored and regulated accordingly. They take the lending risk and receive a fee for their services. They must protect depositors interests or they are quickly out of business. It is the governments who borrow via bond issuance. Feckless and self interested political leadership like Greece has experienced set their spending policy using their Central Banking facilities. Governments have a mandate to control, regulate, and supervise Chartered Banking lending and promote safe standards on behalf of the key depositors. The sad reality has been that governments have abused this responsibity and have relaxed standards and increased lending leverage to suit their own corrupt and twisted mandates and policies. When their distorted and irrational borrowing goes bad they point their crooked fingers at these 'Greedy bankster' types and you believe them . You need to get your 'banksters' straight and understand who is in control - and what the motivations are. A basic understanding of Monetary and Fiscal policy is required. further, fractional lending leverage is the direct purvey of the Government controlled Central Bank! Commercial Chartered Banks are simply financial intermediaries that connect borrower to lender for a fee.
Go learn about how banks work. ALL of them. Then come back and share what you learn.
Are the central banks worse? Of course they are. But all banksters are in on the scam. All of them. Go learn.
Go and learn who is directing and controlling the banks. Who is directing the flow of funds and for what purposes? Who is extorting the tax payer? Who has the most leveraged balance sheet? And who takes no responsibility for the corrupt and mal investments they make on behalf of the naive and unsuspecting voter? Starting to get the picture?
I've had the picture since age 4. Not in full detail of course, but I figured out the essentials. That I could not believe anything adults say. That humans are utterly insane, and totally programmed by "conventional belief" (to put it gently).
You won't get me to defend the humans-DBA-government. You think I'm stupid? Of course they are terrible. But that doesn't mean that banksters aren't too. Good grief! What, there can be only one predator? Sheesh!
And you won't get me to defend "regular folks" either... even though yes they ARE victims, they are prey, they are clueless fools and suckers. Yes indeed they are.
Not quite, 'Gold in Sacks' did the long and short of it.
I would have thought the greatest risk was all the dodgy gambles Osborne's chums have made with other people's money. But I am sure it is more complicated than that.
You are barking up the right tree with accurate insight. Not complicated at all! Politicians usually get elected on their popularity & likability. Very little concern is focussed on the consequences of their policies or the irrational promises they make to get elected. Very few people understand fiscal or especially monetary policy as it is usually not (or briefly) taught in schools - more than likely it is intentional! Greece is a classic example. The electorate were promised full government pensions at 45, taxes very 'laxly' collected, welfare payments were generous & business was almost totally bureaucratized! It didn't last long & will likely not occur again for generations!
A. The problem is contained.The Banks can write off the $250 billion if Greece defaults and exits.
B. The Banks cannot afford to write off the $250 billion if Greece defaults.The Banks want a bailout.
C. The Banks (see A. above) have purchased CDS on the Greek sovereign Bonds.These derivatives will
blow up the Wall Street Banks (JP Morgan),which will scream for a bailout.
D. Russian base rights are indeed a crude form of blackmail,but everyone is steering away from USD thesedays.
E. Six months ago Putin was in danger of losing his best warm water port.Now he is laughing his russian balls
off as another base is being thrown at him.Putin offers financial aid,Iranian oil,free stuff from China,defence
equipment,mutual Defense treaty to aid in case of Turkey,etc. (development of Greeces' off-shore oil assets?).