Report of the UN independent expert on the effects of foreign debt to human rights in Greece, 29 Feb. 2016

Advance Unedited Version Distr.: General 29 February 2016 Original: English Human Rights Council Thirty-first session Agenda item 3 Promotion and protection of all human rights, civil, political, economic, social and cultural rights, including the right to development. Report of the Independent Expert on the effects of foreign debt and other related international financial obligations of … Continue reading Report of the UN independent expert on the effects of foreign debt to human rights in Greece, 29 Feb. 2016

Beware of Citizens and Development ante portas

ελληνικά    /    deutsch On January 8, 2014 Greece inaugurated the beginning of its 5th Presidency of the EU with a big show held at the Zappeion in Athens. Hardly anybody was missing who had contributed to the destruction of the country in the past crisis years. It was the celebration of a paradox: A country … Continue reading Beware of Citizens and Development ante portas

Mining interests trump local democracy in Greece

Μεταλλευτικά συμφέροντα υπερισχύουν της τοπικής δημοκρατίας στην Ελλάδα The birthplace of Aristotle is under threat from large-scale Canadian mining, but a wave of social unrest threatens to derail the government’s economic agenda, writes Jen Wilton. Lazaros Toskas holds a photo of a demonstration in Thessaloniki in March 2013, where thousands gathered to protest against the … Continue reading Mining interests trump local democracy in Greece

EU Accuses 13 Banks of Hampering CDS Competition

Οι ρυθμιστικές αρχές της Κομισιόν κατηγορούν 13 τράπεζες (Bank of America Merrill Lynch, Barclays, Bear Stearns, BNP Paribas, Citigroup, Morgan Stanley, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, RBS και UBS) ότι παραβίασαν τους αντιμονοπωλιακούς κανόνες για την αγορά των CDS.   The European Commission has informed 13 of the world's largest investment banks … Continue reading EU Accuses 13 Banks of Hampering CDS Competition

EU Official: Cyprus Was A Special Case, But…

HELSINKI (Reuters) - Big bank depositors could take a hit under planned European Union law if a bank fails, the EU's economic affairs chief Olli Rehn said on Saturday, but noted that Cyprus's bailout model was exceptional. "Cyprus was a special case ... but the upcoming directive assumes that investor and depositor liability will be … Continue reading EU Official: Cyprus Was A Special Case, But…

Cyprus: Savage Austerity Measures and Economic Dictatorship

By Jordan Shilton and Chris Marsden Global Research, March 24, 2013 Cyprus’ fate illustrates how the European Union imposes the dictatorship of the global speculators, banks and corporations on the working class. The EU yesterday continued to demand massive austerity in Cyprus to raise €6 billion ($7.8 billion) in return for a €10 billion bank bailout. The island … Continue reading Cyprus: Savage Austerity Measures and Economic Dictatorship

Euro, Bruxelles confirm: they are cheating us!

Twitter @francescofilini Finally comes the reply to the parliamentary inquiry submitted by MEP Marco Scurria on the legal nature of ‘€ uro, and finally comes the confirmation: we are cheating. There have always cheated. First things first. Marco Scurria asked for clarification on the answer given by the European Commission to the first parliamentary inquiry … Continue reading Euro, Bruxelles confirm: they are cheating us!

Savers across Europe will look on in horror at the Troika’s raid on Cyprus

It's now become clear: the threat to European savers and banks isn't anti-austerity parties but the Troika Michael Burke The Guardian, Sunday 17 March 2013 17.06 GMT Account-holders withdraw money from a cash machine in the Cyprus capital, Nicosia. Photograph: Barbara Laborde/AFP/Getty Images  The imposition of a levy on savers in Cypriot banks marks a new turn in … Continue reading Savers across Europe will look on in horror at the Troika’s raid on Cyprus

Insane EU: Bank depositors in panic as they pay for Cyprus €10bn bailout

Posted by keeptalkinggreece in Economy Bank depositors will have to finance 60% of  the 10-billion-euro bailout for Cyprus agreed between European Union and International Monetary Fund in Brussels in the early morning hours of Saturday. Eurozone ministers force depositors at Cypriot banks to pay a one time levy to raise  6 billion euros. The so-called “emergency solidarity contribution” will … Continue reading Insane EU: Bank depositors in panic as they pay for Cyprus €10bn bailout