tagged w/ Eurozone
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Since the Greek government enacted the remarkable law that property taxes will be enforced via the electricity providers in the beleaguered country, an incredible 30,000 households per month have seen their power supply cut off. Ekathimerini reports that some 700,000 customers have now had their debts restructured (with payment plans) as part of the billing process; but what is perhaps incredible is that while the State has specifically banned 'disconnection' for not paying the property charges, the utility's computer system is unable to distinguish if payment is for electricity or property tax. There are apparently workarounds involving deposits for tax debts but the situation is set to deteriorate further this year due to the increase in electricity rates and expected further reductions in household incomes....
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http://www.zerohedge.com/news/2013-04-07/30000-greek-households-lose-electricity-each-monthSince the Greek government enacted the remarkable law that property taxes will be... more
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Dagum
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1 month ago
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In this Battle of Ideas satellite rumble, while some have celebrated the apparent radicalisation of previously apathetic youth, speakers express profound concern over its 'empty politics', contempt for the masses, leaderless-ness and narcissism. The rise of the far right in Europe is a further worry, but it can, we learn, be used to justify anti-democratic trends. These edited highlights are certainly compelling. Are there no promising political movements to inspire us? Your thoughts please.In this Battle of Ideas satellite rumble, while some have celebrated the apparent... more
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The economic crisis in Europe has become the new normal and every attempt to fix it has failed. So why does the Euro, let alone the EU, continue to exist? Is there a distinction to be made between fiscally prudent countries and their irresponsible and profligate neighbours? And why is there such hostility to the idea that countries like Greece, Spain, Portugal or Ireland might be better off with devalued currencies to increase their competitiveness? Closer economic integration seems the only game in town, but surely there is a basic democratic right to decide how our wealth should be distributed? Speakers in this Battle of Ideas debate do battle over the causes of the problem as well as the answers. Who is right?The economic crisis in Europe has become the new normal and every attempt to fix it... more
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This short, terrific offering is far from boring as speakers do battle over why the European project might indeed bore us. From dubious claims that it’s boring due to its success, to fresh insights on our deliberate exclusion since its inception, the debate gets heated. Filmed at the Battle of Ideas festival 2012 at the Barbican the range of speakers never fail to engage, providing an antidote to boredom in fact. Did it bore you? Join the debate by leaving your comments below.This short, terrific offering is far from boring as speakers do battle over why the... more
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There is widespread concern that a breed of far-right groups are starting to gain acceptance and a purchase among the European public, who are attracted by their ‘populist’ policies. Why is this happening and are there more Breviks on the loose? The edited highlights of this debate are very revealing. It was filmed at the recent Battle of Ideas festival 2012 at the Barbican in London as part of the crisis in Europe debate series. Should we be worried? Let us know.There is widespread concern that a breed of far-right groups are starting to gain... more
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“Surprise” BoE pick Mark Carney attended Bilderberg meeting earlier this year
The “surprise” announcement that Canadian Mark Carney is to be appointed Governor of the Bank of England means that the 2012 Bilderberg attendee completes Goldman Sachs’ virtual domination over all the major economies of Europe.
Carney’s appointment has come as a shock to many who expected current BoE deputy governor Paul Tucker to get the nod, but it’s not a surprise for us given that we forecast back in April Carney would be headhunted for the position.
Carney is a former 13-year veteran of Goldman Sachs and was involved in the 1998 Russian financial crisis which was exacerbated by Goldman advising Russia while simultaneously betting against the country’s ability to pay its debt.
Carney’s appointment arrives just six months after he attended the 2012 Bilderberg conference in Chantilly, Virginia, an annual confab of over a hundred of the most powerful people on the planet who have routinely flexed their kingmaker status.
The Guardian reports that Carney is “largely unknown outside the cloistered circles of central bankers and financial regulators,” which is why his appointment came as a surprise to many, including JP Morgan’s Malcolm Barr who considered Paul Tucker to be a “shoo-in” for the job.
Carney’s status as a foreign national is cited as one of the reasons his selection came as a shock, but being Canadian he is after all a “subject” of the Queen of England, who confirmed his appointment after he was recommended to her by Prime Minister David Cameron.
The presence of Carney at this year’s Bilderberg confab undoubtedly helped him curry favor amongst the global elite and helped him to secure the position as Governor of the BoE, just as it has aided other luminaries in exalting them to higher office, such as Herman Van Rompuy, who was picked as President of the European Union just days after he attended a Bilderberg Group dinner meeting.
Carney’s ascension to BoE head also represents the final piece of the jigsaw puzzle in Goldman Sachs’ quest to control virtually every major economy across the European continent.
Last year, former EU Commissioner Mario Monti was picked to replace Silvio Berlusconi, the democratically elected Prime Minister of Italy. Monti is an international advisor for Goldman Sachs, the European Chairman of David Rockefeller’s Trilateral Commission and also a leading member of the Bilderberg Group.
“This is the band of criminals who brought us this financial disaster. It is like asking arsonists to put out the fire,”commented Alessandro Sallusti, editor of Il Giornale.
Similarly, when Greek Prime Minister George Papandreou dared to suggest the people of Greece be allowed to have their say in a referendum, within days he was dispatched and replaced with Lucas Papademos, former vice-President of the ECB, visiting Harvard Professor and ex-senior economist at the Boston Federal Reserve.
Papademos ran Greece’s central bank while it oversaw derivatives deals with Goldman Sachs that enabled Greece to hide the true size of its massive debt, leading to Europe’s debt crisis.
Papademos and Monti were installed as unelected leaders for the precise reason that they “aren’t directly accountable to the public,” noted Time Magazine’s Stephen Faris, once again illustrating the fundamentally dictatorial and undemocratic foundation of the entire European Union.
Shortly afterwards, Mario Draghi – former Vice Chairman of Goldman Sachs International – was installed as President of the European Central Bank....
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http://www.infowars.com/goldman-sachs-completes-economic-takeover-of-europe/“Surprise” BoE pick Mark Carney attended Bilderberg meeting earlier this... more
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Dagum
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Pastor beaten to death with guitar-Search resumes for captain of Bounty-Vietnam jails musicians for propaganda-Woman ‘fed up’ with messy boyfriend stamped him to death -EUROZONE UNEMPLOYMENT RISES TO NEW RECORD- DONORS WITH DOLLARSPastor beaten to death with guitar-Search resumes for captain of Bounty-Vietnam jails... more
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Two exciting elections took place in Europe this week. In Greece, pro-austerity conservatives were the big winners. In France, the president's Socialist party won an absolute majority of parliament seats. Both stories elicited a variety of reactions from the Current.com community.
Pro-austerity conservatives prevail in Greece
submitted by JohnA
Socialists Win Complete Majority of French Parliament in Historic Elections !
submitted by kennymotown
These opposing ideologies will have a major effect on the existing Eurozone crisis. And Americans will look to France and Greece to see how socialism versus austerity work out in practice. Commenters seem to think both sides are doomed.
Two exciting elections took place in Europe this week. In Greece, pro-austerity... more
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France's Socialist party won the majority of French parliament seats in Sunday's election. We're taking a closer look at this story from the Current community. Check it out and add your two cents:
Socialists Win Complete Majority of French Parliament in Historic Elections !
Submitted by kennymotown
Yesterday, French voters gave 314 parliamentary seats to the Socialist party, which constitutes an absolute majority in their government. President François Hollande, a member of the Socialist party, had urged voters to give his party the majority to better navigate the Eurozone financial crisis.
France's Socialist party won the majority of French parliament seats in... more
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European adjustments are not the product of a mistake, but a design to break down some of the leftover architecture of the Cold War, which might be called the insurance premium that was paid against conversion to communism.European adjustments are not the product of a mistake, but a design to break down some... more
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This timely, highly informative debate asks whether democracy and sovereignty can mean anything in the European Union. We learn of the use of the EU by national governments to evade responsibility, the need for a clash of ideas, why banks must be allowed to fail in order to shake things up, the dangers of technocracy replacing democracy and more. An exceptional line up of speakers take us beyond the usual Eurosceptic versus Europhile debate and challenge us to consider what sort of Europe we want, who we are and what democracy means. The speakers are Brian M. Carney, editor of The Wall Street Journal Europe’s editorial page; Brian Denny, convenor, No2EU:Yes to Democracy; Declan Ganley, founder and chairman, Libertas; Brendan O'Neill, editor, spiked; Linda Yueh, Economics Editor Bloomberg TV, Adjunct Professor of Economics at London Business School, Fellow at Oxford. Arranged by the Institute of Ideas, this event took place at Goodenough College as part of the Crisis in Europe debate series, organised by the European Network of Houses for Debate "Time to Talk", with the support of the Open Society Institute. WORLDbytes volunteers are delighted to be filming and editing this series.This timely, highly informative debate asks whether democracy and sovereignty can mean... more
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Common sense strikes another blow at austerity
"Chancellor Angela Merkel’s party suffered a severe defeat Sunday in a pivotal German state vote likely to award her main rivals a major boost in their bid to soften her austerity drive in Europe.
Around 16 months before national elections, the snap poll in the state of North Rhine-Westphalia, Germany’s most populous with 18 million people, is closely watched as a taste of things to come at federal level."...Common sense strikes another blow at austerity
"Chancellor Angela... more
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"France and Greece have shown it is possible to resist this ideology. This month the Irish too may vote to stop 'behaving'"
Article by Gavan Titley and John O'Brennan, guardian.co.uk, Thursday 10 May 2012"France and Greece have shown it is possible to resist this ideology. This month... more
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"Chances of Greece leaving the eurozone are growing, as political leaders prepare for last-ditch coalition talks in Athens""Chances of Greece leaving the eurozone are growing, as political leaders prepare... more
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"Two years ago, the prospect of a state falling out of the single currency area was unthinkable. But as the Greek electorate turns against austerity, it is becoming all too easy to picture how breakup might happen"
Article by Julia Kollewe, The Observer, Sunday 13 May 2012"Two years ago, the prospect of a state falling out of the single currency area... more
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http://aje.me/KcM6o0
Is sure hope they _and_ the French get out of the Eurozone. They will be punished for their arrogance in the short term, but they will be free of outsiders trying to override decisions made by a democratically elected governmet.http://aje.me/KcM6o0
Is sure hope they _and_ the French get out of the Eurozone.... more
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So it looks like France will be the first European country to stop this austerity madness. Greece and Spain will likely follow, as soon as they can get elections called. I remember thinking that the EU could be a good thing. A single currency, border restrictions reduced, things would better for everyone. But it seems that the critics of the EU were right. What's happened is that un-elected officials have effectively taken away sovereignty from these countries. I don't know what the future is for the EU or the Eurozone, but going forward, I don't think it will continue in its current incarnation.So it looks like France will be the first European country to stop this austerity... more
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Earlier today...This hearing of the Domestic Monetary Policy and Technology Subcommittee examines the Federal Reserve's assistance to the Eurozone and the impact of that assistance on the U.S. monetary system and the dollar.
http://www.youtube.com/watch?feature=player_embedded&v=ripsfc1H-TcEarlier today...This hearing of the Domestic Monetary Policy and Technology... more
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(In German, English subtitles are available)
This was a reworking of a 1963 sketch titled "Dinner for One" (which is a one take, black & white, 18 minute film, repeated airings in several countries towards the New Year), only this was a stint on the Eurozone crisis and heads of Nicolas Sarkozy and Angela Merkel replacing the original. Don't ask why Sarkozy is the butler in this...
Video from YouTube: http://www.youtube.com/watch?v=CC6f2RB9iO8(In German, English subtitles are available)
This was a reworking of a 1963 sketch... more
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All over Europe, headlines are declaring that the eurozone is on the verge of collapse. Many people falsely assume that this will mean the end of the euro and a return to national currencies. Unfortunately, that is not going to be the case at all. Instead, this is going to be yet another example of how the elite attempt to bring order out of chaos. The European elite have no intention on giving up on a united Europe. Rather, they hope to be able to bring to life a new "United States of Europe" out of the ashes of the existing eurozone. Over the coming months we will see widespread panic and fear all across Europe. The euro will likely sink like a rock and there will probably be huge financial problems in Europe and all around the globe. But for the European elite, a great crisis like this represents a golden opportunity to tear down the existing structures and build new ones. The solution that the European elite will be pushing will not be to go back to the way that Europe used to be. Instead, they will be pushing the idea of a much more tightly integrated Europe really hard.All over Europe, headlines are declaring that the eurozone is on the verge of... more
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