By Sputnik News With Greece tottering on the brink of leaving the Eurozone, experts of all stripes have been debating Grexit’s security implications, including Athens’ relationship with NATO. While naysayers argue that the geopolitics behind Grexit “are actually pretty boring,” others warn that the implications for the bloc could be far more serious. Over the … Continue reading
By Ellen Brown Banks create money when they make loans. Greece could restore the liquidity desperately needed by its banks and its economy by nationalizing the banks and issuing digital loans backed by government guarantees to its ailing businesses. Greece could provide an inspiring model of sustainable prosperity for the world. But it is being … Continue reading
Originally posted on Yanis Varoufakis:
Tomorrow’s EU Summit will seal Greece’s fate in the Eurozone. As these lines are being written, Euclid Tsakalotos, my great friend, comrade and successor as Greece’s Finance Ministry is heading for a Eurogroup meeting that will determine whether a last ditch agreement between Greece and our creditors is reached and whether…
The wait will soon be over. Greece submitted a final compromise plan to its eurozone creditors on Thursday, European finance ministers will meet on Saturday to discuss the proposal, and an emergency summit of all 28 EU nations on Sunday will make a final decision on what to do. The summit on Sunday is being … Continue reading
Originally posted on Financial Post:
It is hard to imagine anything could overshadow a looming Greek exit from the eurozone, but leave it to China to do it. Analysts and economists everywhere Wednesday morning are now pointing to the ongoing crash of Chinese stocks as a huge new threat to global stock markets. “The growing…
Originally posted on Kyle Wingfield:
People celebrate the outcome of the bailout deal referendum at Syntagma Square in Athens, Greece, July 5. (Eirini Vourloumis / The New York Times) Greece is in the headlines today, after voters there rejected the “austerity” measures other European nations had demanded in exchange for yet another bailout of the…
By Stratfor Global Intelligence The Greek Audit Committee on Public Debt released its preliminary findings June 18, concluding that Greece’s public debt is “illegal, illegitimate and odious.” The report emerges at a fraught time in Greece’s negotiations with its creditors: Athens is pushing for debt relief that the Europeans are unwilling to grant, though the … Continue reading
Originally posted on Financial Post:
If Greece leaves the eurozone, Russia will enter it, casting a chill over Europe The world is focused on the immense implications of a Grexit, or an exit of Greece from the European Union. It might also consider the immense implications of a Grentrance, or an entrance into Greece of…
“Greece’s finance minister will hold talks with top Greek bankers later on Sunday, a Finance Ministry official told Reuters, after opinion polls showed Greeks were on course to reject a bailout proposal from creditors,” ekathimerini reports. Third of all votes counted ‘No’ votes ahead with 60.9%, according to Bloomberg. With 59.3% of votes counted, NO: 61.1%. … Continue reading
Today we still use an industrial age monetary construct while we have technologies to do things differently. Greece could create a precedent with a different way of addressing economic problems, says one of the architects of the euro, Bernard Lietaer. RT: You were one of the people who helped bring about the birth of the … Continue reading