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Showing posts from February 8, 2015

Quote of the day: Greek Finance Minister Yanis Varoufakis

“I was told, once, by a leftwing scholar that as a Marxist you have to do two things:  always  be  optimistic  and  always  have  a view about everything . That advice still sounds good to me.”    Greek Finance Minister Yanis Varoufakis 

Greece Asserts Sovereignty;The Debt Cannot Be Paid by Dean Andromidas Feb. 9—Demonstrating a boldness not seen in a European politician in decades, Greek Finance Minister Yanis Varoufakis toured the capitals of Europe last week, asserting the sovereign right of his nation to say no to its own destruction. To the faces of rage-filled European finance ministers, he laid out Greece’s straightforward policy: Greece cannot and will not pay the debt. Greece cannot and will not continue the policy of brutal austerity. Greece demands a change not only for Greece, but for Europe as a whole, the cornerstone of which is a call for an international debt conference and a New Deal for Europe. In every capital, the answer was no, in some cases dressed up with a few polite sophistries. All of which culminated with the European Central Bank (ECB) announcing the cut-off of the Greek banking system and government from credit. On Feb. 4, the ECB disqualified Greek government debt a

Greece Launches the "Movement in the Squares;" Worldwide Rallies Planned for Feb. 15

Feb. 12, 2015 (EIRNS)—As the euro area finance ministers gathered in Brussels yesterday for the Eurogroup meeting, in which they hoped to get Greece to sign an extension of the genocidal loan agreement, tens of thousands of supporters all over Europe demonstrated, to show support to the Greek government. According to a Canada-based Greek activist, the call has now gone out, for rallies worldwide on Sunday, Feb. 15, the day before the next Euro finance ministers’ session. In Greece, pro-government rallies were held all over the nation, despite freezing weather. Though the English-language Greek media speak of "more than 10,000" demonstrators in Athens, the photographs show the entire Syntagma Square filled, which easily means 50-100,000 people. In Thessaloniki, Greece’s second largest city, more than 10,000 took part. Tens of thousands rallied in many other cities. Slogans included "Breath of Dignity" and "No Step Back." On his Twitter account, Prime

War and the Dollar Valentin KATASONOV | 21.01.2015 | 00:00   Although many funerals have been held for the US dollar, still it lives on. On the eve of the collapse of the Bretton Woods currency system, the dollar made up almost 80% of global foreign-exchange reserves (in 1970 it totaled 77.2%, and in 1972 - 78.6%). Then, after the transition to the system negotiated at the 1976 Jamaica Conference, that percentage gradually declined, reaching its lowest level - 59.0% - in 1995. In the wake of financial globalization, the dollar's positions strengthened again (reaching 70-71% between 1999 and 2001), but then a new decline was seen in the dollar component of global foreign-exchange reserves - dropping below 61% in 2014. Nevertheless, it is still higher than in 1995.  According to the Bank for International Settlements, in April 2010, 84.9% of global foreign-exchange market transactions were carried out in dollars, a figure that had

American Information Weapon Used against European Politicians Georgy VOSKRESENSKY | 13.02.2015 | 00:00   Anonymous first appeared in 2003 on Internet image boards as a group of hackers espousing the freedom of speech and operating as an «anarchist global digital brain». It is an instrument or a weapon designed to be used in information warfare. It has an advantage - in many cases it is extremely hard to define who exactly used it. But there was no problem of this kind when Anonymous published a 1993 photo report of Angela Merkel visiting the youth club Elbterrassen and meeting with a bunch of skinhead and other friends, one of whom makes a Nazi salute. Berlin responded with due explanations but it's not what matters. The publication of 12-year old pictures took place right before the Chancellor Merkel's visit to Washington on February 9 and after the meeting between the German Chancellor, French President Fran├žois Hollande a