May 21, 2015

Official: HFSF is totally out of the Greek Public control!

The Greek finance minister, Yanis Varoufakis, made a significant revelation during a recent interview to the journalist Nikos Chatzinikolaou, concerning the Hellenic Financial Stability Fund (HFSF).


http://failedevolution.blogspot.gr/2015/05/official-hfsf-is-totally-out-of-greek.html

May 20, 2015

Lapavitsas: 15-20% devaluation for the new drachma!

http://failedevolution.blogspot.gr/2015/05/lapavitsas-15-20-devaluation-for-new.html

May 17, 2015

Mélenchon: Greece was transformed into a financial lab

"When Tsipras won, I met Hollande to defend the case of the Greeks. I told him: If we allow to act against them, France will be next. Essentially, they already treat us like the Greeks ... ".

This is what Jean-Luc Mélenchon, candidate with the Left Front in the French presidential election of 2012, points in an interview to «Humanite» on the occasion of his book. As Melanson says, a strong motivation to write the book «Le Hareng de Bismarck», through which defends Greece, is the way that SYRIZA and the new Greek government treated.

Mr. Mélenchon states he is outraged by the Berlin attitude, but also with the reluctance of the French President, François Hollande, to show solidarity to Greece.

"It's a heavy political mistake against the European ideal to be allowed such a behavior against a member state of the EU ' notes, observing that Greece was turned into a financial laboratory and that is used as an example to show "how to deal with those who resist."

The French Leftist leader adds: "The behavior of Berlin does not find support anywhere and the Germanophobia erupts everywhere in Europe." He notes that another reason that prompted him to write this book was to refute the idea of the financial "one-way".

http://failedevolution.blogspot.gr/2015/05/melenchon-greece-was-transformed-into.html

May 15, 2015

Controlled default without Grexit: A silent, slow death for Greece

As we approach the end of the four-month truce period between the Greek government and the institutions (ECB, IMF, European Commission), the battle between Greece and the lenders is getting tougher, as expected. Not only Greece, but also the eurocrats appear to be in a difficult position, with limited options under sensitive balances for them.

A non-option for the "emperor" Draghi would be to release his massive Quantitative Easing for Greece too, in order to avoid further dangerous uncertainty. Currently, the QE program is directed to all eurozone members except from Greece which must be "punished" for not obeying anymore to the catastrophic neoliberal policies under the new government. This case would be catastrophic for the plans of the financial and corporate lobbyists, as it would signal to the other members that they could abandon austerity without consequences.

...

The plan shows that the elites want to lead Greece quietly back to the path of the slow death in order to secure the final conditions in the Greek experiment. They have limited options and they fear that many things could go wrong. Tsipras should take advantage of this fact and prepare the country for Grexit, if he hasn't done it already.

http://failedevolution.blogspot.gr/2015/05/controlled-default-without-grexit.html

May 13, 2015

Maggie's ghost returns to Britain

Cameron to sell Thatcherian old-fashioned "patriotic" neoliberalism

http://failedevolution.blogspot.gr/2015/05/maggies-ghost-returns-to-britain.html

May 10, 2015

Greece: Suspicions that the central bank undermines government!

A report by the efsyn newspaper revealing subversive leaks by the Governor of the Bank of Greece, Yannis Stournaras, to particular media, caused strong turbulences in the political and banking system. Specifically, the letter from the press office of Mr. Stournaras to a known journalist, entitled "The account of 100 days," attempts to present the image of an already bankrupt country before any discussion about a possible default.

For its part, the government underlined that if the report is correct it would be a blow against the independence of the Bank of Greece, and asked from the leadership of the Bank to deny the information. Government sources said that, otherwise, the Bank of Greece should initiate accountability procedures in order to stop some people inside the Bank to undermine the government in such a critical time for the country. Thereby, they opened the debate for removing Yannis Stournaras.

http://failedevolution.blogspot.gr/2015/05/greece-suspicions-that-central-bank.html

May 9, 2015

US debt held by the Federal Reserve: Another record high at the end of 2014!

US economy's destructive financialization seems to be accelerated at the expense of the real economy as the banking cartels increasingly take control of the money supply through the Federal Reserve, loading central government with more debt.

http://failedevolution.blogspot.gr/2015/05/us-debt-held-by-federal-reserve-another.html

May 7, 2015

Why the Greek elite doesn't want Grexit

It has happened again and again. However, IMF insists on the same recipe. What Greece faces can be seen in the Russian crisis back in the late 90s. The only difference this time is that the IMF has a united currency (euro) to use as alibi and a partner (Commission, ECB) to blame for one more failure.

http://failedevolution.blogspot.gr/2015/05/why-greek-elite-doesnt-want-grexit.html

May 4, 2015

Official: IMF admits the failure of the Greek program

An attempt by the IMF to officialize its new tactics

IMF chief, Christine Lagarde, has ordered an investigation to ascertain the reasons for the failure of the Greek program and its implementation in the period 2010-2012.

According to the Greek newspaper, Real News, the investigation will be held by an independent committee, while the former Greek prime minister, Lucas Papademos, has already testified as well as the representative of Greece to the IMF, Miranda Xafa. Both expressed their opinion on the Greek program, the mistakes and omissions that led to failure.

http://bit.ly/1R6FJDp

May 2, 2015

Default without Grexit: Are they all pre-planned eventually?

A controlled Greek default scenario inside euro under a new government of technocrats has been developed by Berlin and ECB, according to a report in the Italian newspaper La Stampa.

The "war room" of ECB and eurozone Finance ministries is ready to openly discuss the worst case scenario, the newspaper writes and argues that one of the "hypothetical choices" examined by the German government and the European Central Bank is the possibility of default without Grexit.

http://bit.ly/1K0dNvB