Archive for the 'Greece' Category

90% supply reduction; citizens in near-panic

(NaturalNews) – In a classic example of an anti-free-market collapse, fifty pharmaceutical companies are now halting supplies of drug medicines to the nation of Greece, causing severe shortages of over 200 popular pharmaceutical medicines there. Pfizer, Roche, GlaxoSmithKline, Sanofi and many other have all reportedly joined in the partial embargo out of a fear that the low-priced drugs sold to Greece would be intercepted and sold off to buyers in other countries where drug prices are kept artificially high due to Big Pharma’s monopolistic practices. Read the rest of this entry »

(Guardian) – Communities set up local currencies and exchange networks in attempt to beat the economic crisis Read the rest of this entry »

(PressTV) – It was 12 o’clock in Madrid, and a crowed of a few hundreds, joined forces and protested against the Israeli occupation. Read the rest of this entry »

(RussiaToday) – November 7th, 2012 – Read the rest of this entry »

(RealNews) – Costas Lapavitsas Pt.2: Left party Syriza leads polls but conditions for fascism also developing as crisis deepens Read the rest of this entry »

(NaturalNews) – The European nation of Greece appears to be sliding ever so progressively into the abyss of total collapse, as illustrated by a recent government measure aimed at feeding the growing hordes of hungry, unemployed Greeks across the nation. A report translated into English from Voz Populi explains that, under the new law, Greek merchants will now be permitted to sell expired foods at a reduced rate to the nation’s poorest citizens, who are becoming increasingly unable to afford basic necessities. Read the rest of this entry »

(Youtube) – Iceland sacked their parliament and said NO to bailing out the Banksters. This is the man that started that revolution – listen carefully Read the rest of this entry »

(AlJazeera) – Thousands of Greek protesters have responded to their leader’s plans for austerity measures by gathering in Athens for an anti-austerity rally. Some of the demonstrators pelted riot police with petrol bombs, bottles and pieces of marble. The protest in the capital is part of a nation-wide strike that has shut down rail service, grounded flights and closed schools. Al Jazeera’s Dominic Kane reports from Athens. Read the rest of this entry »

(RussiaToday) – Scenes of violence return to the streets of Athens where police have resorted to tear gas to disperse anti-austerity protesters. Thousands of Greeks voiced their anger over a new round of cuts being demanded by the country’s lenders in exchange for another bailout payment. This coincides with a general strike that has seen tens of thousands of people walking off the job – for the second time this month. RT talks to Panagiotis Sotiris from the University of the Aegean. Read the rest of this entry »

(GameTrailers) – We recently reported on two developers for Bohemia Interactive jailed in Greece on espionage charges after taking photos of a military installation. Since then, unfortunately, the situation has not improved: the Czech citizens are essentially trapped in jail due to the nation’s ongoing turmoil. Read the rest of this entry »

(PublicIntel) – September 30th, 2012 Read the rest of this entry »

(HigginsBlog) – Angry protestors have stormed the Greece Defense ministry after months of not being paid and clashed with riot police after telling the defense minister to go fuck himself Read the rest of this entry »

(AP) – September 28th, 2012 – Europe’s fragile financial calm was shattered Wednesday as investors worried that violent anti-austerity protests in Greece and Spain’s debt troubles showed that the continent still cannot contain its financial crisis. Read the rest of this entry »

(ThisIsMoney) – Financial markets have fallen sharply in reaction to political turmoil in Spain and a fresh strike in Greece against harsh economic conditions. Read the rest of this entry »

(HigginsBlog) – Thousands of Greeks clash in violent protests with police of parliament in the biggest bank bailout protest since the government took power in June. Read the rest of this entry »

(AlJazeera) – Over 15,000 workers in Greece are estimated to have walked off their jobs in Greece to join bailout protesters throwing firebombs at police Read the rest of this entry »

(ZeroHedge) – As unemployment goes from the sublime to the ridiculous in the troubled nation,  Reuters is reporting  that tensions are rising – even among the Police themselves. Read the rest of this entry »

(RussiaToday) – Striking Greek policemen and other public workers continue to clash with riot police after  blockading the riot police headquarters in Athens. Read the rest of this entry »

(BusinessInsider) – A trader in Greece gives Business Insider a grim assessment of the mood in the country right now.

Right now, I am afraid there is very little visibility regarding the political developments in the next few months. You might as well toss a coin. Read the rest of this entry »

(RussiaToday) – EU leaders are downplaying the effects of a Greece exit as leaders meet to give Greece more time before officially declaring bankruptcy. Read the rest of this entry »

(ZeroHedge) – As the corporate media continues to assure no crisis is on the horizon CITI joins the world’s top investor’s in betting on a Greek exit and Euro collapse. Read the rest of this entry »

(ZeroHedge) – Jean-Claude Juncker, best known for being a self-professed pathological liar, just concluded a press conference in which he did what he does best: lie.

Here is a sampling of the soundbites along with our commentary: Read the rest of this entry »

(ZeroHedge) – In the first part of a double whammy, Germany says had ‘reached the limit of its capacity’ to provide bailout aid to Greece. Read the rest of this entry »

‘If the ECB continues like this, it will soon even buy old bicycles’ to keep failed European nations afloat.

(TestosteronePit) – The coordinated confidence-inspiring words from the Eurozone’s fearless leaders yesterday and today about doing whatever it would take to save the euro wasn’t about Greece anymore. Its life support may get unplugged in September. Politicians have apparently given up. Read the rest of this entry »

(RussiaToday) – Greek prime minister Antonis Samaras warns the Greece recession will deepen worse than forecast to levels not seen since the Great Depression. Read the rest of this entry »

(ZeroHedge) – As pure panic begins to sweep over the Eurozone regulators have gone from kicking the can down the road to outright smashing it. Read the rest of this entry »

(PatrickHenningsen) – Just how bad is the Greek economy? Of all the economic horror stories produced since the banking crisis began in 2007, Greece is perhaps the most frightening to date, and in the wake of the country’s crash, xenophobia is starting to rear its ugly head in Greece. Read the rest of this entry »

(NaturalNews) – The economic situation in Greece is only continuing to worsen, as reports indicate that hospitals and care centers throughout the nation are running completely out of medicines, and many healthcare workers are now voluntarily providing care services without pay. Read the rest of this entry »

“The Euro Titanic has now hit the iceberg and sadly there simply aren’t enough lifeboats.” – Nigel Farage, United Kingdom Independence Party

(DailyBell) – Another Greek election and an uncertain outcome will likely continue the corrupt status quo in Greece. The Greek politicians on the take by the EU interests acting like most Western politicians and the American two-party mafia monopoly will continue to steal from the Greek people and the bailouts while the nation gets poorer. We are watching a throwback to the Great Depression years of the 1930s in Europe. Read the rest of this entry »

See Also: (RealNews) – Video: Greek Pro-Bailout Party Wins Most Seats as Majority Reject the Deal – View More Here

(RealNews) – Costas Lapavitsas: Elections were a moral victory for Syriza as vote held up under ferocious pressure; the new pro-bailout Government will not be able to service it’s debt as austerity measures deepen, and eventually Greece will leave the Euro-Zone Read the rest of this entry »

(Godlike) – That most dangerous year begins as soon as Spain and Greece default on their bonds if there is no systematic worldwide program of scientific and rational debt cancellation. Read the rest of this entry »

(EconomicCollapse) – The election results from Greece are in and the pro-bailout forces have won, but just barely.  It is being projected that the pro-bailout New Democracy party will have about 130 seats in the 300 seat parliament, and Pasok (another pro-bailout party) will have about 33 seats.  Those two parties have alternated ruling Greece for decades, and it looks like they are going to form a coalition government which will keep Greece in the euro.  Read the rest of this entry »

(AJC) – A massive run on deposits underway in Greece means that the nation’s banks may not survive the weekend, says Jim Bianco of Bianco Research. (June 14, 2012) Read the rest of this entry »

(HigginsBlog) – The amount of money being pulled out of Greece banks nearly doubles within a 24 hour period is now up to $1 billion dollars a day. Read the rest of this entry »

(HigginsBlog) – US hedge funds are now going under left and right due to the fallout of the Sovereign Debt Crisis centered in Greece. Read the rest of this entry »

(ZeroHedge) – Money continues to evaporate from Greece banks as it heads toward elections likely to vote in a candidate that will lead to an exit from Euro. Read the rest of this entry »

(ZeroHedge) – After two years of denials, we finally have the right answer: Spain IS Greece. Only much bigger and much worse. Read the rest of this entry »

(CNBC) – As European leaders grapple with how to preserve their monetary union, Greece is rapidly running out of money.

Nikos Lekkas, a government official, said banks had hindered his efforts to collect back taxes. Read the rest of this entry »

(SHTFPlan) – When the political and economic systems of entire nations collapse the consequences are devastating. Read the rest of this entry »

(Youtube) – UK Independence party leader Nigel Farge says Greece will be destroyed if she does not leave the Eurozone. Read the rest of this entry »

(AJC) – The bank runs that we are watching right now in Greece are shocking, but they are only just the beginning. Since May 6th, nearly one billion dollars has been withdrawn from Greek banks. For a small nation like Greece, that is an absolutely catastrophic number. Read the rest of this entry »

Globalists fear Greece could exit single currency and stage a miraculous economic recovery

(PaulWatson) – The Bilderberg Group is terrified that Greece’s potential exit from the eurozone could lead to a dramatic economic recovery and provide a template for other countries to follow suit, threatening to torpedo the euro single currency and the entire agenda for a European federal superstate. Read the rest of this entry »

See Also: (TheDailyBell) – Greece: Dump the EU Now For An Economic Recovery! – Read More Here

(Telegraph) – Europe’s financial crisis lurched into a perilous new phase as dire predictions emerged of a collapse in Greece’s economy, with a run on its banks bringing an inevitable end to its membership of the euro.

As leaders in Athens accepted the need for a new general election to end a national stalemate, the International Monetary Fund said Europe’s leaders should prepare for the possibility of a Greek departure from the single currency. Read the rest of this entry »

See Also: (EUReferendum) – Greece Now Certain To Drop Out of the Euro – Read More Here

(SHTFPlan) – Without a government for the last eleven days, and amid mainstream discussion of a Euro Zone exit, the Greek people are realizing that the economic and political system as they know it is rapidly descending into chaos. Read the rest of this entry »

(EconomicCollapse) – The bank runs that we are watching right now in Greece are shocking, but they are only just the beginning.  Since May 6th, nearly one billion dollars has been withdrawn from Greek banks.  For a small nation like Greece, that is an absolutely catastrophic number. Read the rest of this entry »

(BusinessInsider) – This started last week, but it’s now becoming a hot trend: It’s no longer taboo to talk about Greece leaving the Eurozone.

The FT is running a story about how central bankers are now, increasingly discussing it openly.

Bloomberg is also quoting various finance officials around Europe saying the same thing, that a Greece exist is not desirable but possible. Read the rest of this entry »

(CJAD) – Read the rest of this entry »

(NaturalNews) – The financial crisis in Greece is reaching an explosive tipping point, with the youth unemployment rate now exceeding a startling 50 percent and the government itself announcing it will be forced to stop paying salaries and pensions by June:

“We will be in wild bankruptcy, out-of-control bankruptcy,” said Theodoros Pangalos, the deputy prime minister of Greece. “The state will not be able to pay salaries and pensions. We have got until June before we run out of money.” (http://www.telegraph.co.uk/finance/financialcrisis/9262068/Greece-wil…) Read the rest of this entry »

See Also: (BerkeyGuyBlog) – CERT Training: Search & Rescue (SAR) Intro Part 1/3 – Read More Here

(DaisyLuther) – The whole world is watching as the government and the economy of Greece collapses.  It’s clear that any other country involved with the Euro is sliding into the same morass.  North America won’t be too far behind.

If we, in North America, are wise, we will take careful notes on what is happening, because there is definitely an exam coming up. Read the rest of this entry »

(DaisyLuther) – If you ever wanted a crystal ball with which to see the future of the global economic collapse, read these letters. My dear friend in Greece provides us with a snapshot, the real story that you won’t see on the news. The letters are edited only to remove identifying information. Those of you who are so inclined, please pray for our friends in Greece. Read the rest of this entry »