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

Cyprus Banking Crisis for Dummies

Posted on March 18, 2013 by WashingtonsBlog Bank Customer Trying to Get His Honey Out of His Bank During Cyprus Bank Holiday Ground Zero of Financial Repression You’ve heard that the tiny European country Cyprus is threatening to grab between 3 and 13% of bank depositors’ funds in return for a bailout of the country by the European Union. Zero … Continue reading Cyprus Banking Crisis for Dummies

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

The dark side of investment agreements

Movements around the world have put the spotlight on bailouts and tax evasion that have enriched the 1% at the expense of the 99% but this is only part of the picture. This popular video animation exposes how international investment agreements are also at the heart of an international economic system that is enriching a … Continue reading The dark side of investment agreements

The EU Crisis Pocket Guide

2012 edition 6 November 2012 A useful pocket guide on how a crisis made in Wall Street was made worse by EU policies, how it has enriched the 1% to the detriment of the 99%, and outlining some possible solutions that prioritise people and the environment above corporate profits. EU Crisis Pocket Guide November 2012, … Continue reading The EU Crisis Pocket Guide

Greece: “A promise from the army has been obtained to not intervene against a civil uprising” Explosive revelations from a former Greek diplomat.

It is always enlightening to hear the frank assessment of a diplomat upon leaving the service, once unshackled from "the patriotic art of lying for one's country", as 19th Century American journalist Ambrose Bierce described the craft. Leonidas Chrysanthopoulos was a career diplomat with the Greek foreign ministry. As a junior officer with the service … Continue reading Greece: “A promise from the army has been obtained to not intervene against a civil uprising” Explosive revelations from a former Greek diplomat.

A MERCENARY FORCE TO PROTECT POLITICIANS Excerpts from an interview given by Ambassador Leonidas Chrysanthopoulos to the German TELEPOLIS (Vasilis Asvestopoulos) on February 7, 2013

On the occasion of recent developments in Greece, Telepolis spoke to the Greek Ambassador Leonidas Chrysanthopoulos. The restless diplomat has been involved since some time with EPAM, one of the many organizations that have been fighting against the austerity measures. The leader of EPAM, the economist Dimitris Kazakis speaks on a daily basis on radio … Continue reading A MERCENARY FORCE TO PROTECT POLITICIANS Excerpts from an interview given by Ambassador Leonidas Chrysanthopoulos to the German TELEPOLIS (Vasilis Asvestopoulos) on February 7, 2013

Debt Management

Is there an exit from the actual financial crisis? Is the crisis real, paradoxal or a paradigm of economic ideological orthodoxy, combined to the needs of uncontrolled modern financial markets?  "Debt  Management" is an insight to the Greek reality/developments of the unfolding crisis.   What is actually happening in Greece? How different is the crisis from the … Continue reading Debt Management