You are browsing the archive for EU Archives - Rogue Media.

Chomsky warns austerity policy has left European democracy in tatters

April 2, 2013 in Finance, Headline, Occupy, Politics, World News

US linguist and political activist to give Frontline Defenders lecture in RDS, Dublin

Veteran US political activist and intellectual Noam Chomsky has warned that the European Union’s response to the economic crisis has left European democracy in a worse condition than that of the United States. Photographer: Dara Mac Donaill/The Irish Times

Veteran US political activist and intellectual Noam Chomsky has warned that the European Union’s response to the economic crisis has left European democracy in a worse condition than that of the United States. Photographer: Dara Mac Donaill/The Irish Times

The veteran US political activist and intellectual Noam Chomsky has warned that the European Union’s response to the economic crisis has left European democracy in a worse condition than that of the United States.

Speaking ahead of a public lecture in Dublin this week, Prof Chomsky (84), a leading figure in the study of linguistics and a prominent critic of US foreign policy, said the European Central Bank was imposing unfair and counterproductive austerity measures on the people of Ireland and other EU member states hit by the debt crisis.

“I’m not a great admirer of the [Federal Reserve], but I think they’ve been much more constructive and thoughtful and progressive than the ECB has been. I mean, take Ireland. It was a crisis of the banks. It wasn’t the Government; it wasn’t the population. It’s fundamentally bank corruption,” he said.

“It’s the same in Spain. Spain had close to a balanced budget in 2007 and pretty good economic fundamentals. But the housing bubble, fuelled by Spanish and indeed German banks, you know they were the lenders, went way out and caused a great crisis for which the public is now paying.”

He warned that austerity policies were not only damaging democracy, but were stifling economic growth and failing to tackle the debt burden. “It’s been quite harmful everywhere it’s been applied,” he said.

Prof Chomsky is delivering the inaugural Frontline Defenders Annual Lecture at the RDS on Wednesday, which is being held in partnership with UCD School of Philosophy and TCD.

In an interview with The Irish Times today, he suggests that US president Barack Obama is more a representative of the traditional centre-right than of the left.

BRICS dumping euro amid simmering EU banking crisis

April 1, 2013 in Uncategorized

Robert Bridge  —  rt.com

euro-__set-back-a-generation__-by-eu-banking-crisis.siBrussels has been forced to eat a generous slice of humble pie: A massive sell-off of the euro is underway in the wake of a persistent financial crisis, as holdings in the European currency by emerging economies were slashed by almost 8 percent last year.

Emerging economies – including Brazil, Russia, India, China and South Africa ( BRICS ) – are dumping the euro, having sold €45 billion of the currency in 2012, according to data gathered by the International Monetary Fund.

The euro represents just 24 percent of their reserves, the lowest level since 2002 – the year when euro coins and banknotes first entered circulation – and down from a peak of 31 percent in 2009. At the same time, the euro’s share of total global reserves has also fallen. This change of fortune for the euro is blamed on several factors, including sovereign debt crises and rapid growth by BRICS nations. Read the rest of this entry →

Cyprus Impending Economic Collapse Has Moscow On Edge

March 30, 2013 in Finance, Headline, Politics, Video Perspective, World News

Recent events in Cyprus have turned into a widespread public protest as politicians decide how to save the small island nations banking system.  People have truned to the streets and have engaged in general strikes to protest this new and rather scary form of austerity. The measures have frozen anyone from withdrawing more than €100 per day, and will result in the freezing of any deposits greater than €130,000.  The nations banks are in trouble, and seeking a  €13billion bailout from the EU,  in turn they will need to seize a percentage of all the money deposited in the banks so that they are able to secure the bailout immediately.

more news on the topic and specifically as it relates to bitcoin finances here : hongpong.com

A People’s Revolt in Cyprus: Richard Wolff on Protests Against EU Plan to Seize Bank Savings

From democracynow.org

The eyes of the financial world are on the small Mediterranean island of Cyprus today. The government of Cyprus has brokered a last-ditch $13 billion bailout deal with European officials to stave off the collapse of its banking sector. Under the deal, all bank deposits above approximately $130,000 will be frozen and used to help pay off the banking sector’s debts. An earlier version of the deal collapsed last week when Cypriots took to the streets to protest paying a tax of up to 10 percent on their life savings. The plan led to mass demonstrations as well as panicked bank withdrawals as Cypriots rushed to protect their savings. “It’s a demonstration of people power in this little corner of the world that’s very impressive, and the basis, I think, for some optimism about opposition,” says Richard Wolff, economics professor emeritus at University of Massachusetts, Amherst, and visiting professor at New School University. He is the author of several books including, most recently, “Democracy at Work: A Cure for Capitalism.”
Another report on the topic from –  rt.com

Moscow hopes Cyprus won’t need its help

Russia’s Prime Minister Dmitry Medvedev said Moscow needs to study the consequences of the Cyprus bailout deal agreed in Brussels, especially for Russia. Meanwhile Vladimir Putin ordered to restructure the € 2.5 billion Cyprus loan issued in 2011.

We have to figure out what this story turns into in the long run, what the consequences for the international financial and monetary system will be – and thus, for our own interests as well,” Medvedev said in Russia’s first official reaction to the deal agreed over the weekend.

As the EU 10 billion bailout loan has been secured, First Deputy Prime Minister Igor Shuvalov, a close ally of President Vladimir Putin, said “the situation looks like no further help [for Cyprus] from the Russian government will be required.

He added that Moscow will reconsider extending the loan to Cyprus due to be repaid by 2016, after studying the full details of the Brussels package.

On Monday spokesperson Dmitry Peskov said President Putin instructed “the government and the Russian ministry of finance to work with their partners on the issue of restructuring the loan previously issued to Cyprus.Read the rest of this entry →

GLOBAL ELITES THROWN OUT OF ICELAND: Iceland Dismantles Corrupt Gov’t Then Arrests All Rothschild Bankers

June 26, 2012 in ANON NeWs, Finance, Headline, Occupy, Politics, Update, World News

freedumbnation.com

Since the 1900′s the vast majority of the American population has dreamed about saying “NO” to the Unconstitutional, corrupt, Rothschild/Rockefeller banking criminals, but no one has dared to do so. Why? If just half of our Nation, and the “1%”, who pay the majority of the taxes, just said NO MORE! Our Gov’t would literally change over night. Why is it so hard, for some people to understand, that by simply NOT giving your money, to large Corporations, who then send jobs, Intellectual Property, etc. offshore and promote anti-Constitutional rights…

You will accomplish more, than if you used violence. In other words… RESEARCH WHERE YOU ARE SENDING EVERY SINGLE PENNY!!! Is that so hard? The truth of the matter is… No other modern Nation on earth, except the Icelanders, have carried this out successfully. Not only have they been successful, at overthrowing the corrupt Gov’t, they’ve drafted a Constitution, that will stop this from happening ever again. That’s not the best part…

The best part, is that they have arrested ALL Rothschild/Rockefeller banking puppets, responsible for the Country’s economic Chaos and meltdown. What does all this have to do with? The answer… AGENDA 21. If you’re not educated, about Agenda 21, please watch these short videos now: http://www.freedumbnation.com/?p=1130

Last week 9 people were arrested in London and Reykjavik for their possible responsibility for Iceland’s financial collapse in 2008, a deep crisis which developed into an unprecedented public reaction that is changing the country’s direction.

It has been a revolution without weapons in Iceland, the country that hosts the world’s oldest democracy (since 930), and whose citizens have managed to effect change by going on demonstrations and banging pots and pans. Why have the rest of the Western countries not even heard about it? Read the rest of this entry →

Financial Crisis at Hand

June 12, 2012 in ANON NeWs, Editorial, Finance, Headline, Occupy, Politics, Update, World News

By Paul Craig Roberts   —   intrepidreport.com

Ever since the beginning of the financial crisis and quantitative easing, the question has been before us: How can the Federal Reserve maintain zero interest rates for banks and negative real interest rates for savers and bond holders when the US government is adding $1.5 trillion to the national debt every year via its budget deficits? Not long ago the Fed announced that it was going to continue this policy for another 2 or 3 years. Indeed, the Fed is locked into the policy. Without the artificially low interest rates, the debt service on the national debt would be so large that it would raise questions about the US Treasury’s credit rating and the viability of the dollar, and the trillions of dollars in Interest Rate Swaps and other derivatives would come unglued.

In other words, financial deregulation leading to Wall Street’s gambles, the US government’s decision to bail out the banks and to keep them afloat, and the Federal Reserve’s zero interest rate policy have put the economic future of the US and its currency in an untenable and dangerous position. It will not be possible to continue to flood the bond markets with $1.5 trillion in new issues each year when the interest rate on the bonds is less than the rate of inflation. Everyone who purchases a Treasury bond is purchasing a depreciating asset. Moreover, the capital risk of investing in Treasuries is very high. The low interest rate means that the price paid for the bond is very high. A rise in interest rates, which must come sooner or later, will collapse the price of the bonds and inflict capital losses on bondholders, both domestic and foreign.

The question is: when is sooner or later? The purpose of this article is to examine that question. Read the rest of this entry →

Eurozone debt crisis: should investors prepare for a Greek exit?

May 27, 2012 in Finance, Politics, Update, World News

As the euro crisis sends the stock market tumbling, investment experts remain surprisingly upbeat about equities.

By   -  telegraph.co.uk

Investors have been told that Greece leaving the euro will not be a disaster Photo: McWilliams

The chances of Greece exiting the euro intensified last week – so much so that EU leaders were warned to have contingency measures in place.

Such was the demand for safe-haven assets that investors rushed to snap up German bonds that paid a coupon of 0pc. That’s right, investors piled in to buy government bonds that will not deliver a return but are deemed among the eurozone’s safest assets.

Morgan Stanley, the investment bank, published a note on Friday to warn: “We think that the ramifications of a Greek exit are more serious than the market anticipates. While a euro zone break-up is not our base-case scenario, we raise our subjective probability to 35pc from 25pc, and reduce the timescale of this move to 12-18 months from five years.

“We believe that the most likely scenario for a divorce is a Greek exit preceded and followed by strong contagion. There are three main channels for contagion: the sovereign, the banking sector and the political situation. The countries most at risk of material contagion seem to be Italy, Spain, Ireland and Portugal.”

Brian Dennehy, a financial adviser, has already prepared his clients’ portfolios for the FTSE100 plunging to 4,000 by the end of the year. “Our clients have largely been de-risked for many months,” he said. “In practice, this means none tend to have more than 20pc in equities. Although there could be some good news if the FTSE hits these levels, if investors are unprepared the risk is that they panic into selling at precisely the wrong time.”

It has been a tortuous few days – headlines of Armageddon and the death of equities will have caused anxiety among investors. They will be asking themselves whether they should be preparing their portfolios for an exit too. Read the rest of this entry →

June 9th 2012 – Europe-wide action against ACTA

May 26, 2012 in ANON NeWs, Headline, Occupy, Politics, Update, Video Perspective, World News

Published on Apr 5, 2012 by

June 9th 2012 – Europe-wide action against ACTA
More information: https://pad.lqdn.fr/ro/r.b5zUnGTuykwDUwEY

Map: http://g.co/maps/j4grc

This video is available in many languages.
Check http://youtube.com/user/stopactaeurope

While Banks Have the Upper Hand, the Global Economic Crisis Will Continue

March 25, 2012 in Editorial, Finance, Headline, Politics, World News

The stock market may be up, but for working people the global political economy is likely to remain in crisis for at least another three to five years.

By William K. Tabb

Because the state of the economy looms so large in the outcome of the 2012 presidential election there is a tendency on the part of those who would like to see the president re-elected to be optimistic about recent job creation, factory orders and other indicators that there may be light at the end of the tunnel. The reality may be very different however and the changes needed go far beyond what Mr. Obama is proposing or is likely to get now or in the new Congress. The stock market may be up but for working people the global political economy is likely to remain in crisis for at least another three to five years, with high unemployment and slow growth. The character of this period makes a grim cyclical crisis worse by adding to it both a financial component and a deeper structural crisis which challenges a model of accumulation dependent on financialisation and corporate globalisation. A year ago, then European Central Bank president Jean-Claude Trichet expressed the view that the next ten years could be a ‘lost decade’. Median income in the US declined by 7% between 2000 and 2010 and the Wall Street Journal’s poll of 50 leading business economists expects the losses will not be made up before 2021. These are not the testimonies of radical Marxists (who generally hold similar opinions). Read the rest of this entry →

Pensions, free travel and medical cards on IMF hitlist

March 4, 2012 in Finance, Headline, Politics, World News

By Thomas Molloy and Charlie Weston  –  independent.ie

Finance Minister Michael Noonan must still save billions in the next three Budgets even if the economy grows as quickly as the Government hopes

Pensions, free travel and medical cards for the over-70s are being targeted for new cuts.

The International Monetary Fund (IMF) now has pensioners in its sights as it believes they have largely escaped the effects of austerity.

The key provider of our bailout cash has told the Government to look at saving money by scrapping some free schemes for the elderly.

It warns that these benefits are wasteful because they benefit rich and poor alike.

Among the schemes are cheap electricity, gas and television licences, plus free travel passes and medical cards.The proposals carry all the more weight because they are in a report that accompanied the IMF’s latest €3.2bn tranche of bailout cash released to the Government this week.

But ministers will blanch at the prospect of sparking another ‘grey revolt’ by cutting any schemes for the country’s 480,000 pensioners. Read the rest of this entry →

Taking Down the Tents – Occupy

March 4, 2012 in Headline, Occupy, Politics, World News

By Phil Edwards

All sides seem to agree that the Occupy London Stock Exchange protesters are leaving undefeated. The cathedral authorities stress that although ‘tents and camping equipment’ have been removed from the vicinity of St Paul’s, ‘ideas and protests’ are still welcome. One protester described the eviction as ‘an opportunity for us to move sideways and be innovative and creative’.

But in London, as elsewhere, as the campers have had to move sideways, Occupy will have to find another way forward. It isn’t the kind of protest in which an achievable goal is linked to a symbolic nuisance, so that when the authorities see reason everyone can go home. Its demands have been much bigger, and they’ve been backed by the continuing physical presence of people obstinately taking up space. In this respect it’s much more like the Greenham Common peace camps, or Brian Haw’s one-man encampment in Parliament Square, than a traditional demonstration or sit-in. Their current position recalls the experiences of the Situationist International, a group the Occupy movement has often been compared to, not least by Adbusters, which issued the original call to occupy Wall Street last July. Read the rest of this entry →

On the News With Thom Hartmann: Dropping BRICs on the International Monetary Fund, and More

February 26, 2012 in Editorial, Finance, Headline, Update, World News

by: Thom Hartmann, The Thom Hartmann Program

In today’s On the News segment: postal workers are getting shafted, Rahm Emanuel’s public school shock doctrine, Virginia’s “personhood” bill defeated, and more.

Thom Hartmann here – on the news…

You need to know this.  A global power shift is occurring underneath all of us.  With the United States economy still struggling through the muck – and the European economy in complete free fall Read the rest of this entry →

Letting It Come Down

February 25, 2012 in ANON NeWs, Editorial, Finance, Headline, Occupy, Politics, World News

by Brian Littlefair

People talk about collapse like it’s a bad thing. The Department of Homeland Security flags the word collapse itself for surveillance. But collapse makes the world go round. Anyone trained as a technocrat can tell you it’s a simple matter of oscillation, damping and convergence — a spiderweb pattern on a phase diagram, neutral as can be. For anthropologists, it’s a process called cycling. They can make it happen in the simplest of toy worlds, with a tessellation automaton with stochastic conflicts.  In fact, that’s the fun of the old board game Risk.

Catastrophe is just a kind of change, a quick transition to a new equilibrium — and didn’t America recently vote for change? The discontinuity that marks collapse is simply the point at which prevailing fallacies are reduced to absurdity by life. Yeats saw war and British dominion reduced to absurdity, and wrote The Second Coming to make sense of it. It strikes me as a very cheerful poem: the unborn sphinx, a precious little bundle of joy.

Collapse is the obverse of renewal. Gibbon’s magnum opus, The Decline and Fall of the Roman Empire, is equally the story of the rise of Europe in all its centripetal glory. Read the rest of this entry →

Argentine advice for Greece: ‘Default Now!’

February 23, 2012 in Finance, Headline, Politics, World News

Here in Argentina, when we watch the terrible things that are happening today in Greece, we can only exclaim, “Hey!! That’s exactly what happened in Argentina in 2001 and 2002…!”

­A decade ago, Argentina too went through a systemic Sovereign Public Debt collapse resulting in social turmoil, worker hardship, rioting and street fights with the police.

Some months before Argentina exploded, then-President Fernando de la Rúa – forced to resign at the height of the 2001 crisis – had called back as finance minister the notorious pro-banker, Trilateral Commission member and Rockefeller/Soros/Rhodes protégée Domingo Cavallo.

Cavallo was the gruesome architect of Argentina’s political and economic capitulation to the US and UK when he was President Carlos Menem’s foreign minister and economy minister in the ’90s. Read the rest of this entry →

How Greece could take down Wall Street

February 23, 2012 in Finance, Headline, World News

In an article titled “Still No End to ‘Too Big to Fail,’” William Greider wrote in The Nation on February 15: “Financial market cynics have assumed all along that Dodd-Frank did not end ‘too big to fail’ but instead created a charmed circle of protected banks labeled ‘systemically important’ that will not be allowed to fail, no matter how badly they behave.”

That may be, but there is one bit of bad behavior that Uncle Sam himself does not have the funds to underwrite: the $32 trillion market in credit default swaps (CDS). Thirty-two trillion dollars is more than twice the U.S. GDP and more than twice the national debt.

CDS are a form of derivative taken out by investors as insurance against default. According to the comptroller of the currency, nearly 95% of the banking industry’s total exposure to derivatives contracts is held by the nation’s five largest banks: JPMorgan Chase, Citigroup, Bank of America, HSBC, and Goldman Sachs. The CDS market is unregulated, and there is no requirement that the “insurer” actually have the funds to pay up. CDS are more like bets, and a massive loss at the casino could bring the house down. Read the rest of this entry →

Occupy 2.0: the convergence of streets and networks

February 23, 2012 in ANON NeWs, Headline, Occupy, Politics, World News

Giorgio Griziotti, Dario Lovaglio, and Tiziana Terranova

To the extent to which we are not witnessing a clash between two capitalisms but a process of reconfiguration realized through the hegemony of finance, information and circulation, the only way to change the current situation is through the autonomous organization of the multitude’s living labour in the streets and on the net.

About one year ago, the world attention turned to the nascent powers of expression and action of networked multitudes first in the Wikileaks battle and, subsequently, in the Arab revolutions and the social movements 15M and Occupy. After this revelatory year, dense with threats and promises from a completely new global movement, global governance – painfully aware of the great threat that such autonomous horizontal communication poses to its control – is vigorously attacking digital freedoms.

It is in this context that the (possibly already foiled) attempts to pass the Stop Piracy Online Act (SOPA), the Protect IP Act (PIPA) and the effective shutdown of Megaupload are taking place. Read the rest of this entry →

Crisis and the People in Greece

February 22, 2012 in Finance, Headline, Occupy, Politics, Update, World News

By: Stavros Panagiotidis

“They are not frightening us, they are just making us furious!”

The so-called negotiations between the Greek Government and the Troika (European Union – International Monetary Fund – European Central Bank) have come to the prescribed result. A cut on the minimum wage of 22% (and up to 40% for the rest), which means that people in Greece will have to live on a 400 Euro monthly income, combined with a 15% cut on the already extremely low pensions and the dismissal of 150.000 public servants, has been decided.

The announcement of the governments’ intentions created waves of rage in Greece and the General Confederation of Trade Unions called for a 48-hour strike. On Sunday, the day of the voting procedure, an enormous demonstration took place. Hundreds of thousands of demonstrators flooded all the streets around the Parliament. The provocative action on the side of the police forces (along with the propaganda of dominant media saying that the people gathered were not more than 20,000!) proved the governments’ fear of the people’s reactions and its decision to destroy the demonstration and terrorize the citizens. The first task was accomplished when police forces, after hours of terrorizing attacks against people in the nearby streets, without any excuse attacked the main body of the demonstration shooting gas bombs inside the blocks, causing many people to faint out, get injured or even suffer suffocation for a few moments. More than 50 demonstrators went to the hospitals, injured or with respiratory problems and once again the Internet was flooded with videos showing the police’s illegal actions. Read the rest of this entry →

Made in Jordan: Thousands of gunmen preparing to enter Syria?

February 22, 2012 in Headline, Occupy, Politics, World News

Soldiers of the Free Syrian Army (AFP Photo / Ricardo Garcia Vilanova)

Over 10,000 Libyans are reportedly being trained in a closed-off zone in Jordan, before being snuck into Syria to fight for the opposition. These men are allegedly paid around US$1,000 a month, funded by Saudi Arabia and Qatar.

­Jordan-based AlBawaba news website says most of the gunmen who are being trained are actually part of the Libyan armed opposition, who have not had the chance to lay down arms following the toppling of Muammar Gaddafi’s regime.

The allegations of funding from Riyadh and Doha were not attributed to anyone, but AlBawaba did draw attention to the fact that both Saudi Arabia and Qatar actively support the Syrian opposition.

At the same time, several Iranian news sources report that some 50 Turkish officers arrested in Syria last week have confirmed that they were trained by the Israeli Special Forces to carry out insurgent acts against the Syrian government and President Bashar al-Assad.

The arrested officers also, according to Iran’s Fars news agency, admitted to initiating contact with Qatar and Saudi Arabia, inadvertently lending support to the countries’ involvement in the ongoing conflict in Syria. Read the rest of this entry →

Calls to break US monopoly on World Bank start as Zoellick steps down

February 17, 2012 in Finance, Headline, Politics, World News

by 

The president of the World Bank has traditionally been an American under an informal agreement dating to the founding of the bank 68 years ago – campaigners want this changed

The old alliance of Europe and America faces a huge row with the rest of the world over the identity of the next head of the World Bank, after president Robert Zoellick said on Wednesday he is to leave his post in June.

While his departure had been widely expected, the news kicks off the process of finding a new leader, who has traditionally been an American under an informal agreement dating to the founding of the bank 68 years ago. Speculation has focused on either US Secretary of State Hillary Clinton – who is also rumoured to have an eye on a run for the White House – or former Treasury secretary Larry Summers as Zoellick’s likely successor. When Dominique Strauss-Kahn was succeeded by his countrywoman Christine Lagarde at the International Monetary Fund last year, it was widely rumoured that America had agreed to let Europe keep its traditional grip on the IMF – in the face of calls for a candidate from an emerging country – as long as France and other European governments backed Clinton as the new boss of the World Bank when the job came up.

Read the rest of this entry →

Iran Being Targeted For It’s Banks

February 13, 2012 in Editorial, Finance, Headline, Politics, Update, World News

By Pete Papaherakles

The world's richest family runs the world's banks

Could gaining control of the Central Bank of the Islamic Republic of Iran (CBI) be one of the main reasons that Iran is being targeted by Western and Israeli powers? As tensions are building up for an unthinkable war with Iran, it is worth exploring Iran’s banking system compared to its U.S., British and Israeli counterparts.

Some researchers are pointing out that Iran is one of only three countries left in the world whose central bank is not under Rothschild control. Before 9-11 there were reportedly seven: Afghanistan, Iraq, Sudan, Libya, Cuba, North Korea and Iran. By 2003, however, Afghanistan and Iraq were swallowed up by the Rothschild octopus, and by 2011 Sudan and Libya were also gone. In Libya, a Rothschild bank was established in Benghazi while the country was still at war.

Islam forbids the charging of usury, the practice of charging excessive, unreasonably high, and often illegal interestrates on loans,and that is a major problem for the Rothschild banking system. Until a few hundred years ago usury was also forbidden in the Christian world and was even punishable by death. It was considered exploitation and enslavement.

Since the Rothschilds took over the Bank of England around 1815, they have been expanding their banking control over all the countries of the world. Their method has been to get a country’s corrupt politicians to accept massive loans, which they can never repay, and thus go into debt to the Rothschild banking powers. If a leader refuses to accept the loan, he is oftentimes either ousted or assassinated. And if that fails, invasions can follow, and a Rothschild usury-based bank is established.

The Rothschilds exert powerful influence over the world’s major news agencies. By repetition, the masses are duped into believing horror stories about evil villains. The Rothschilds control the Bank of England, the Federal Reserve, the European Central Bank, the IMF, the World Bank and the Bank of International Settlements. Also they own most of the gold in the world as well as the London Gold Exchange, which sets the price of gold every day. It is said the family owns over half the wealth of the planet—estimated by Credit Suisse to be $231 trillion—and is controlled by Evelyn Rothschild, the current head of the family.

Objective researchers contend that Iran is not being demonized because they are a nuclear threat, just as the Taliban, Iraq’s Saddam Hussein and Libya’s Muammar Qadaffi were not a threat.

What then is the real reason? Is it the trillions to be made in oil profits, or the trillions in war profits? Is it to bankrupt the U.S. economy, or is it to start World War III? Is it to destroy Israel’s enemies, or to destroy the Iranian central bank so that no one is left to defy Rothschild’s money racket?

It might be any one of those reasons or, worse—it might be all of them.
——
Pete Papaherakles, a U.S. citizen since 1986, was born in Greece. He is AFP’s outreach director.

from  –  americanfreepress.net

Greece in Flames After Austerity Measures Pass

February 13, 2012 in Finance, Headline, Occupy, Politics, Update, World News

Numerous buildings were burned during the clashes in central Athens on Sunday. (PANAYIOTIS TZAMAROS/REUTERS) )

Fires raged in Athens overnight with reports that more than 40 buildings had been set ablaze in a violent response to the Greek parliament’s passage of an unpopular austerity package negotiated with its European creditors – the EU, ECB, and IMF – in exchange for a tranche of new bailout funds.

Reuters reports:

Cinemas, cafes, shops and banks were set ablaze in central Athens and black-masked protesters fought riot police outside parliament before lawmakers voted on the package that demands deep pay, pension and job cuts — the price of a 130 billion euro ($172 billion) bailout needed to keep the country afloat.

State television reported the violence spread to the tourist islands of Corfu and Crete, the northern city of Thessaloniki and towns in central Greece. Police said 150 shops were looted in the capital and 34 buildings set ablaze.

Altogether 199 of the 300 lawmakers backed the bill, but 43 deputies from the two parties in the government of Prime Minister Lucas Papademos, the socialists and conservatives, rebelled by voting against It. They were immediately expelled by their parties. [...]

The rebellion and street violence foreshadowed the problems the Greek government faces in implementing the cuts, which include a 22 percent reduction in the minimum wage — a package critics say condemns the economy to an ever-deeper downward spiral.

Read the rest of this entry →

Anti – ACTA day: Angry crowds take action

February 12, 2012 in Headline, Occupy, Politics, World News


The world has witnessed an unprecedented day of protests against ACTA. Hundreds of thousands of people have gathered in dozens of cities around the globe to protect what is left of the freedom of expression on the internet.

­Protesters from over 200 European cities consolidated their efforts to hold rallies across Europe. The controversial ACTA treaty was signed by the majority of European countries and now there is a battle to dissuade parliaments from ratifying the agreement.

Massive strikes took place in Germany with organizers saying that a total of some 100,000 people have gathered in many cities across the country, including Berlin, Hanover, Hamburg, and Cologne. Just the previous day Germany put on hold its joining the ACTA treaty after its Justice Ministry decided to wait until the issue is discussed in the European Read the rest of this entry →

Greece – leader urges lawmakers to pass austerity bill

February 12, 2012 in Finance, Headline, Politics, Update, Video Perspective, World News

Greek PM Lucas Papademos has warned parliament of “uncontrollable economic chaos” if it fails to approve a new austerity bill that will cut 15,000 public-sector jobs and lower the minimum wage by 20 per cent.

The Greek parliament is asked to take a historic responsibility, to examine and authorize the new economic program of Greece, the pre-condition for financing the country over the coming years,” Papademos said in a televised address on Saturday.

Read the rest of this entry →

Europe coughing up cash for US military gamble in Iran

February 5, 2012 in Editorial, Finance, Headline, Politics, Video Perspective, World News

from  –  rt.com

Nimitz-class aircraft carrier USS Abraham Lincoln (CVN 72) transiting the Arabian Sea. (AFP Photo / Handout / US NAVY / MCS3 Will Tyndall)

Europeans should question why they are being asked to pay for an American-Israeli adventure in Iran during a time of unprecedented austerity, political analyst Chris Bambery told RT.

Iran says it will definitely put a swift stop to oil exports to “certain” European countries. A possible cut in supplies to other EU states is still under discussion.

The move comes in response to an EU oil embargo scheduled to come into force on July 1.

Read the rest of this entry →

The EU signs up to Acta, but French MEP quits in protest

January 26, 2012 in Headline, Politics, World News


Written by Olivia Solon   -   taken from http://www.wired.co.uk/news/archive/2012-01/26/eu-signs-up-to-acta
Edited by Nate Lanxon

The EU and 22 of its member states have signed up to Acta — the Anti-Counterfeiting Trade Agreement — in Tokyo today (26 January).

Acta — which is supported by many rights owners — has been met with widespread criticism from open rights activists, who argue that the legislation has been rushed through the legal system under the guise of being a trade agreement, when in fact it is a new copyright law. They also argue that it blurs the distinction between piracy and counterfeiting and that it criminalises copyright infringement when there are civil sanctions already.

Representatives from the European Union and 22 member states — including the UK, Austria, Belgium, Bulgaria, Czech Republic, Denmark, Finland, France, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxemburg, Malta, Poland, Portugal, Romania, Slovenia, Spain and Sweden — attended a ceremony at Japan’s Ministry of Foreign Affairs. The five remaining member states — Cyprus, Germany, Estonia Netherlands and Slovakia, are expected to sign up soon.

The EU now joins other signatories Australia, Canada, Japan, South Korea, Morocco, New Zealand, Singapore and the US, who signed up to the treaty in October 2011.

Read the rest of this entry →