Track The Massive Congestion At The Port Of Long Beach In Real Time

Track The Massive Congestion At The Port Of Long Beach In Real Time (ZeroHedge, Feb 18, 2015):

Things on the West Coast Ports are going from bad to worse (for those who missed it read “Catastrophic Shutdown Of America’s Supply Chain” Begins: Stunning Photos Of West Coast Port Congestion), and with no resolution in sight, it is now beginning to cripple the US economy. Here is not only a brief summary of how the near-strike is impacting various businesses across the US,  but also a map to track the congestion at Long Beach harbor in real time.

Global economy continues to wither as West Coast ports remain shut down

FYI.


Ship-Sea-Cloudy-Sky

Global economy continues to wither as West Coast ports remain shut down (Natural News, Feb 17, 2015):

Has the world’s economy officially tanked? One radio talk show host thinks so, and he has some data to back it up.

In a blog post on his website, Dave Hodges — host of The Common Sense Show — notes that economic indices are bottoming out and that’s in large part due to a proposed agreement called the Trans-Pacific Partnership, which the Electronic Freedom Foundation describes as “a secretive, multinational trade agreement that threatens to extend restrictive intellectual property (IP) laws across the globe and rewrite international rules on its enforcement.”

Read moreGlobal economy continues to wither as West Coast ports remain shut down

Forget Hacking: CIA Accuses Russia Of ‘Manipulating The World’s Weather’

Chemtrails

Forget Hacking – CIA Accuses Russia Of “Manipulating The World’s Weather” (ZeroHedge, Feb 17, 2015):

America appears to have found something else to blame the Russians (or North Koreans) for … The Weather. As The Daily Mail reports,CIA chiefs fear hostile nations are trying to manipulate the world’s weather… seriously.

So-called “geoengineering techniques” range from cloud seeding, in which chemicals are sprayed by planes trigger rainfall, to shooting mirrors into space to reflect sunlight and cool the Earth.

But as The Daily Mail reports, a leading academic has told how he got a mysterious phone call asking whether foreign countries could be triggering droughts or flooding…

Professor Alan Robock, from Rutgers University in New Jersey, said:

Read moreForget Hacking: CIA Accuses Russia Of ‘Manipulating The World’s Weather’

Operation Choke-Point … We strongly suggest you are not holding anything sharp while you watch these clips …

operation_choke_point

Operation Choke-Point Is Worse Than We Thought (ZeroHedge, Feb 17, 2015):

Operation Choke Point is an initiative of the DoJ that was announced in 2013 which investigates bank interactions with certain businesses believed to be at higher risk for fraud and money laundering. When first disclosed it was heavily criticised for bypassing due process with critics warning that it’s a thinly veiled ideological attack on industries the Obama administration doesn’t like, such as gun sellers,” and precious metals dealers. However, as Mike Maloney explains, it is far worse than that… “it violates the most fundamental principles of the rule of law and accountable, transparent government.”

Read moreOperation Choke-Point … We strongly suggest you are not holding anything sharp while you watch these clips …

Creepy, Calculating & Controlling: All the Ways Big Brother Is Watching You

obama-big-brother

Creepy, Calculating & Controlling: All the Ways Big Brother Is Watching You (The Rutherford Institute, Feb 16, 2015):

  “You had to live—did live, from habit that became instinct—in the assumption that every sound you made was overheard, and, except in darkness, every movement scrutinized.”—George Orwell, 1984

None of us are perfect. All of us bend the rules occasionally. Even before the age of overcriminalization, when the most upstanding citizen could be counted on to break at least three laws a day without knowing it, most of us have knowingly flouted the law from time to time.

Indeed, there was a time when most Americans thought nothing of driving a few miles over the speed limit, pausing (rather than coming to a full stop) at a red light when making a right-hand turn if no one was around, jaywalking across the street, and letting their kid play hookie from school once in a while. Of course, that was before the era of speed cameras that ticket you for going even a mile over the posted limit, red light cameras that fine you for making safe “rolling stop” right-hand turns on red, surveillance cameras equipped with facial recognition software mounted on street corners, and school truancy laws that fine parents for “unexcused” absences.

My, how times have changed.

Read moreCreepy, Calculating & Controlling: All the Ways Big Brother Is Watching You

Nigel Farage On “The Great Game Of Poker Over The Future of The Euro”

Nigel Farage On “The Great Game Of Poker Over The Future of The Euro” (ZeroHedge, Feb 17, 2015):

“There is a great game of poker taking place for the future of this currency,” Nigel Farage exclaims as he  deservedly takes a small victory lap over his warnings of the anti-democratic nature of the dis-union that has been created. As his warnings that “the EU will crush, and kill, and destroy nation state democracy,” have gone unheeded, this last week has seen The Eurogroup’s behavior justify everything Farage has feared… Juncker: “there can be no democratic choice against the Euro.”

Farage at his best…

Eurogroup Official: ‘In The End Capital Controls Will Probably Have To Be Imposed’

Draghi Satan

“In The End Capital Controls Will Probably Have To Be Imposed” – Eurogroup Official (ZeroHedge, Feb 17, 2015):

With less than 24 hours until the ECB’s meeting at which Mario Draghi and company are set to decide if i) they will increase the current Greek emergency liquidity allotment from €65 billion as a result of the ongoing bank deposit run or ii) reduce – or even outright cancel it – to send Tsipras a message that the time for negotiations is over, Europe is no longer playing Mr. nice guy. In fact, judging by the latest report in Reuters, which may well be nothing but another planted trial balloon (in the aftermath of today’s latest Telegraph revelations one should read everything presented in the media, here certainly included, with a cape-size ship full of salt) Greece can kiss goodbye not only any a loan extension without a bailout “programme” resumption, but also any hope that tomorrow’s its ELA will be increased. 

Read moreEurogroup Official: ‘In The End Capital Controls Will Probably Have To Be Imposed’

What Russians Think Of Western Sanctions

obama-putin-middle-finger

Western sanctions and Russian perceptions (The Vineyard of the Saker, Feb 16, 2015):

I parse the Russian media (corporate and social) on a daily basis and I am always amazed at the completely different way the issue of western sanctions is discussed.  I think that it is important and useful for me to share this with those of you who do not speak Russian.

First, nobody in Russia believes that the sanctions will be lifted.  Nobody.  Of course, all the Russian politicians say that sanctions are wrong and not conducive to progress, but these are statements for external consumption.  In interviews for the Russian media or on talk shows, there is a consensus that sanctions will never be lifted no matter what Russia does.

Second, nobody in Russia believes that sanctions are a reaction to Crimea or to the Russian involvement in the Donbass.  Nobody.  There is a consensus that the Russian policy towards Crimea and the Donbass are not a cause, but a pretext for the sanctions.  The real cause of the sanctions is unanimously identified as what the Russians called the “process of sovereignization”, i.e. the fact that Russia is back, powerful and rich, and that she dares openly defy and disobey the “Axis of Kindness”.

Read moreWhat Russians Think Of Western Sanctions

U.S. State Dept: ‘We Can’t Beat ISIS By Killing Them…’ They Need Jobs

State Dept: “We Can’t Beat ISIS By Killing Them…” They Need Jobs (ZeroHedge, Feb 17, 2015):

State Department spokesperson Marie Harf explains to no lesser pillar of unbiased reporting than Chris Matthews that – as opposed to President Obama’s ‘bomb them into oblivion’ perspective, “we can’t kill our way out of this war [with ISIS]… we must address the root causes – like joblessness.” Even Matthews is stunned at this perspective, exclaiming “we’re never going to chieve that in 50 lifetimes, there’ll always be poor muslims.” But, as the administration appears to be suggesting, even every radical muslim deserves $10.25 an hour to work at Baghdad McDonalds…

* * *

MARIE HARF:

“We’re killing a lot of them. And we’re going to keep killing more of them. So are the Egyptians and Jordanians, they’re in this fight with us. We can not win this war by killing them. We can not kill our way out of this war. We need in the medium and longer term to go after the root causes that lead people to join these groups, whether it is lack of opportunity for jobs”

“We can work with countries around the world to help improve their governance. We can help them build their economies, so they can have job opportunities for these people.”

*  *  *

Even Matthews is stunned… “we’re never going to achieve that in 50 lifetimes, there will always be poor muslims who are ready to join.”

Obama To Allow ‘Moderate’ Syrian Rebels Call In B-1B Bombers For Air Support

B1-B lancer

Obama To Allow “Moderate” Syrian Rebels Call In B-1B Bombers For Air Support (ZeroHedge, Feb 17, 2015):

While Obama desperately tries to stick to his now crushed “Nobel peace prize winner” image, by not succumbing to an all-out land war in the one nation where his progressive “pacifism” brought him fame (and according to some, the presidency), namely Iraq, the rest of militant, “interventionist” US foreign policy is rapidly starting to resemble that waged by the most brutally rabid, neo-con Republican leader. Case in point an absolute stunner reported minutes ago by the WSJ, according to which the White House has decided to provide pickup trucks equipped with mounted machine guns and radios for calling in U.S. airstrikes to some moderate Syrian rebels aided by American B-1B bombers!

Read moreObama To Allow ‘Moderate’ Syrian Rebels Call In B-1B Bombers For Air Support

Woman Rejects Chemotherapy, Heals Ovarian Cancer – Here’s How! (Video)

Related info:

The Gerson Therapy: Dr. Jameth Sheridan Interviews Charlotte Gerson (Video)

CANCER IS CURABLE NOW (FULL LENGTH DOCUMENTARY)

The Beautiful Truth (Video – Full Documentary – The Many Reasons For Chronic Diseases And The Cure)

‘Dying To Have Known’ (Video – Full Documentary On A Cure – Not Only – For Cancer That Works!)

The Gerson Miracle (Video – Full Documentary On A Cure – Not Only – For Cancer That Works!)


Woman Rejects Chemo, Overcomes Ovarian Cancer With Nutrition (Natural Society, June 2, 2013):

Evita Ramparte was diagnosed with a serious case of ovarian cancer after a visit to the doctor revealed it was the concerning cause of her constant pain. Told that chemotherapy, radiation, and surgery were among her only options to ever recover, Ramparte was not convinced. After all, she had been living her whole life in ways that she was unhappy with, ‘going with the flow’ of the world and ending up as obese and unhappy.

Instead, Evita opted to use an approach centered around nutrition and lifestyle — one that she says ultimately ended up curing her cancer that doctors said could not truly be cured. She visited an alternative health professional, and began a regiment of Gerson-styled (Gerson Therapy) juicing. Radically altering her diet from her usual processed food intake of pizza and doughnuts into freshly made juice from her own home, she also began to realize what it’s like to actually feel healthy and happy.

Read moreWoman Rejects Chemotherapy, Heals Ovarian Cancer – Here’s How! (Video)

John McDougall, MD: The Perils Of Dairy (Video)

Make a list of the top ten dairy consuming countries, then make a list of countries who have the highest incidence rate of osteoporosis and now compare them.

However, I highly recommend to also AVOID all soy products!


The Perils of Dairy

Description:

John McDougall MD discusses what dairy products have going for them. They are a great source of nutrition — for getting fat and growing tumors!

Read moreJohn McDougall, MD: The Perils Of Dairy (Video)

Putin: West already supplies arms to Kiev, but Moscow optimistic about Minsk deal

Russian President Vladimir Putin-1

Putin: West already supplies arms to Kiev, but Moscow optimistic about Minsk deal (RT, Feb 17, 2015):

Vladimir Putin said that Kiev is being armed by Western allies, according to Moscow’s information, but insisted he was “optimistic” about implementing the Minsk agreement, noting that the intensity of fighting has declined.

“According to our data, weapons are already being supplied [to Kiev],” the Russian leader said at a press conference following his meeting with Hungarian Prime Minister Viktor Orban. “This is not surprising. I am convinced that whoever is supplying the weapons, the number of victims may grow, but the outcome will not change. The vast majority of soldiers serving in the Ukrainian army have no motivation to participate in an internecine conflict away from home, while the Donbass militia have every reason to defend their families.”

Read morePutin: West already supplies arms to Kiev, but Moscow optimistic about Minsk deal

As Bank Run Accelerates, Greek Depositors Pray To Saint Mario

From the article:

“In short: anyone betting that tomorrow the ECB will extend the Greek last-ditch source of liquidity no questions asked, may want to not hold their breath. And once Greek ELA access is withdrawn, well… Cyprus was called a “blueprint” for a reason.”


Mario-Draghi-laughing

As Bank Run Accelerates, Greek Depositors Pray To Saint Mario (ZeroHedge, Feb 17, 2015):

As we have consistently shown over the past month, the battle between Greece and the Eurozone is all about leverage, and specifically who has more of it. Furthermore, as we laid it out previously, the best way to quantify this duel of leverage is through two easily observable metrics: the level of Eurozone risk asset prices (if Greek contagion fears were dominant, the Eurostoxx would be tumbling), and the pace of deposit outflows from Greek banks (if the Greeks fear the ECB is about to yank all money they would pull their cash from the bank, in the process forcing Tsipras and Varoufakis to the negotiating table willing to sign anything Europe throws at them).

Which is why in a Eurozone in which all price levels are now controlled by the ECB, it is not surprising that no amount of huffing and puffing has managed to derail the Stoxx or the Dax even briefly from their relentless surge to all-time highs.

Read moreAs Bank Run Accelerates, Greek Depositors Pray To Saint Mario

Turkey Central Bank Head Faces 2 Years In Jail For NOT Lowering Interest Rates

From the article:

“One wonders if that gives any ambitious American prosecutors any ideas?”


Turkey Central Bank Head Faces 2 Years In Jail For Not Lowering Interest Rates (ZeroHedge, Feb 17, 2015):

Having questioned the need for an independent central bank a week ago, saying that if they can’t cope with their duties, they will be held accountable, Turkey’s President Recep Tayyip Erdogan has filed a lawsuit against the head of Turkey’s central bank, Erdem Basci. As Trend reports, the prosecutor accuses Basci of serious material damage inflicted to Turkey’s citizens as a result of an erroneous interest rate policy of the central bank.

Read moreTurkey Central Bank Head Faces 2 Years In Jail For NOT Lowering Interest Rates

David Tepper Dumps 40% Of US Equity Exposure … Despite Claiming ‘Stocks Inexpensive’

Related info:

Making $400,000 PER HOUR, The Best Paid Hedge Fund Manager In 2013 Was … David Tepper


David-Tepper

David Tepper Dumps 40% Of US Equity Exposure Despite Claiming “Stocks Inexpensive” (ZeroHedge, Feb 17, 2015):

At the start of Q4 2014, Appaloosa’s David Tepper made a series of statements – dismissing Bill Gross as irrelevant (nope – turmoil caused by PIMCO unwinds roiled credit markets), calling the end of the bond bull market (nope – yields went on make lower and lower lows), and finally proclaiming that stocks were inexpensive and multiples not high. So, one wonders, if stocks were inexpensive and multiples not high, why did Appaloosa dump 40% of its US equity exposure in that quarter (only to end the quarter with even more exuberance proclaiming that stocks could rise another 10% in 2015)? It appears that when David Tepper says “buy”, he means “buy… from me.”

‘Greek Democracy Can’t Be Threatened’ Defiant Tsipras Warns ‘Won’t Step Back From Promises’

Greece-Alexis-Tsipras

“Greek Democracy Can’t Be Threatened” Defiant Tsipras Warns “Won’t Step Back From Promises” (ZeroHedge, Feb 17, 2015):

The rhetoric from both sides in Europe is hotting up but we suggest Tsipras’ comments seem far more personal and existential than the Eurogroup’s beligerence for now:

  • *TSIPRAS: GREEK DEMOCRACY CAN’T BE THREATENED
  • *TSIPRAS: GREEK GOVT NOT IN A HURRY, WON’T COMPROMISE
  • *TSIPRAS: GREECE WON’T TAKE A STEP BACK FROM PROMISES TO PEOPLE

With a “strong mandate” to save the country, Tsipras adds that he wants “a solution, not rupture.”

Additionally, he noted:

Read more‘Greek Democracy Can’t Be Threatened’ Defiant Tsipras Warns ‘Won’t Step Back From Promises’

Germany’s Schauble Gives Athens Another 10-Day Ultimatum, Says ‘Up To Greek Government If It Wants To Keep Euro’

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Schauble Gives Athens Another 10-Day Ultimatum, Says “Up To Greek Government If It Wants To Keep Euro” (ZeroHedge, Feb 17, 2015):

Those who thought yesterday’s trial balloon headline barrage would be bad, you ain’t seen nothing yet. It all started with Spain’s economy minister who knows if the Greek revolt gains traction his career will be cut short by a Podemos surge, said:

  • THERE IS NO ULTIMATUM FOR GREECE

Which is ironic considering it was just back on February 6 when Eurogroup head DieselBoom explicitly gave Greece an ultimatum

Read moreGermany’s Schauble Gives Athens Another 10-Day Ultimatum, Says ‘Up To Greek Government If It Wants To Keep Euro’

NYU Professor Uncovers How The FDA Systematically Covers Up Fraud and Misconduct In Drug Trials

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NYU Professor Uncovers How the FDA Systematically Covers Up Fraud and Misconduct in Drug Trials (Liberty Blitzkrieg, Feb 17, 2015):

That misconduct happens isn’t shocking. What is: When the FDA finds scientific fraud or misconduct, the agency doesn’t notify the public, the medical establishment, or even the scientific community that the results of a medical experiment are not to be trusted. On the contrary. For more than a decade, the FDA has shown a pattern of burying the details of misconduct. As a result, nobody ever finds out which data is bogus, which experiments are tainted, and which drugs might be on the market under false pretenses. The FDA has repeatedly hidden evidence of scientific fraud not just from the public, but also from its most trusted scientific advisers, even as they were deciding whether or not a new drug should be allowed on the market. Even a congressional panel investigating a case of fraud regarding a dangerous drug couldn’t get forthright answers. For an agency devoted to protecting the public from bogus medical science, the FDA seems to be spending an awful lot of effort protecting the perpetrators of bogus science from the public.

The sworn purpose of the FDA is to protect the public health, to assure us that all the drugs on the market are proven safe and effective by reputable scientific trials. Yet, over and over again, the agency has proven itself willing to keep scientists, doctors, and the public in the dark about incidents when those scientific trials turn out to be less than reputable. It does so not only by passive silence, but by active deception. And despite being called out numerous times over the years for its bad behavior, including from some very pissed-off members of Congress, the agency is stubbornly resistant to change. It’s a sign that the FDA is deeply captured, drawn firmly into the orbit of the pharmaceutical industry that it’s supposed to regulate. We can no longer hope that the situation will get better without firm action from the legislature.

From the Slate article: Are Your Medications Safe? 

In the past week or so, I’ve come across several important articles that will leave any rational observer increasingly skeptical of the entire medial industry in the U.S. This isn’t something I say lightly, and I think it’s an absolutely horrific development for our society.

Just last week, Liberty Blitzkrieg published an article titled, Introducing “Physician Dispensing” – The Latest Troubling Medical Industry Scam, which expounded on why an erosion of trust in doctors is so troubling. If you missed that piece, I suggest going back and reading it. Here’s an excerpt:

Read moreNYU Professor Uncovers How The FDA Systematically Covers Up Fraud and Misconduct In Drug Trials

Prof. Peter Gøtzsche: Deadly Medicines And Organised Crime: How Big Pharma Has Corrupted Healthcare (Video)

Deadly Medicines and Organised Crime

On The Wrong Track – Peter Gøtzsche – Psychiatric Epidemic – May 14, 2014

Deadly Medicines and Organised Crime - How Big Pharma Has Corrupted Healthcare

@Amazon.com: Deadly Medicines and Organised Crime: How Big Pharma Has Corrupted Healthcare

 Professor Peter C Gotzsche graduated as a Master of Science in biology and chemistry in 1974 and as a physician in 1984. He is a specialist in internal medicine; he worked with clinical trials and regulatory affairs in the drug industry 1975-83, and at hospitals in Copenhagen 1984-95. He co- founded The Cochrane Collaboration in 1993 and established The Nordic Cochrane Centre the same year. He became professor of Clinical Research Design and Analysis in 2010 at the University of Copenhagen. Peter Gotzsche has published more than 50 papers in ‘the big fi ve’ (BMJ, Lancet, JAMA, Annals of Internal Medicine and New England Journal of Medicine) and his scientifi c works have been cited over 10 000 times. Peter Gotzsche has an interest in statistics and research methodology. He is a member of several groups publishing guidelines for good reporting of research and has co- authored CONSORT for randomised trials (www.consort- statement. org), STROBE for observational studies (www.strobe- statement.org), PRISMA for systematic reviews and meta- analyses (www.prisma- statement.org), and SPIRIT for trial protocols (www.spirit- statement.org). Peter Gotzsche is an editor in the Cochrane Methodology Review Group.

Magnitude 6.9 Earthquake Hits Off Northeast Japan — Felt Along Entire Pacific Coastline — Multiple Aftershocks – Official: Event Related 3/11 Quake

H/t reader M.G.:

“Does calling this 7.0 quake just to hit the Japan coast an “aftershock” make sense to you? Comparing it to the 3/11 quake, they are now calling it an aftershock. What rubbish is this? They are evacuating towns, awaiting a Tsunami and calling it an aftershock….”


Quake near Magnitude 7 hits off northeast JapanQuake near Magnitude 7 hits off northeast Japan-1

Quake near Magnitude 7 hits off northeast Japan — Country’s strongest since 2013 — Felt along entire Pacific coastline, distance of over 1,000 kilometers — Followed by multiple aftershocks, one centered at Japan Trench — Official: Event related to massive 3/11 quake (VIDEO) (ENENews, Feb 16, 2015):

The Guardian, Feb 16, 2015: Japanese coastal towns evacuated as earthquake hits Pacific… Evacuations were ordered for towns closest to the coast in Iwate prefecture in Japan early on Tuesday morning after a strong earthquake with a preliminary magnitude of 6.9 was recorded… The Japan Meteorological Agency issued a tsunami warning and Japanese broadcaster NHK warned residents a one metre-high wave was expected to hit the coast of Iwate. The quake was measured at a depth of about six miles and shook much of north-east Japan even being felt in Tokyo, 430 miles away.

NBC News, Feb 16, 2015: Japan’s Meteorological Agency cast the quake as an aftershock of the 9.0 temblor that rocked Japan on March 11, 2011… “Because the 3/11 earthquake had such a strong impact, and because it’s an area where it was affected by the 3/11 Earthquake, we are describing this as an ‘aftershock,’” said agency seismologist, Yasuhiro Yoshida… USGS wasn’t characterizing Tuesday’s quake as an aftershock, considering it a separate event.

Read moreMagnitude 6.9 Earthquake Hits Off Northeast Japan — Felt Along Entire Pacific Coastline — Multiple Aftershocks – Official: Event Related 3/11 Quake

I Miss America

H/t reader squodgy:


constitution2

I miss America (Natural News, Feb 16, 2015):

I miss America.

I miss the America where surveillance efforts were focused on foreign enemies rather than domestic citizens.

I miss the America where children weren’t routinely kidnapped by hospitals and CPS officials because their parents wanted a second medical opinion or refused to poison their children with chemotherapy.

I miss the America where citizens respected local cops as “peace officers” and local cops existed to “protect and serve.”

I miss the America where veterans were honored and celebrated rather than condemned and medically neglected.

Read moreI Miss America

U.S. To Deploy 4000 Troops To Kuwait For Possible Showdown With ISIS

Fort Carson brigade headed to Kuwait for possible showdown with ISIS
Fort Carson brigade headed to Kuwait for possible showdown with ISIS

Fort Carson brigade headed to Kuwait for possible showdown with ISIS (The Gazette, Feb 15, 2015):

As Congress mulls America’s war with the Islamic State terror group, more than 4,000 Fort Carson soldiers prepared Thursday to leave for Kuwait, where they will take over as America’s largest ground force in the troubled region.

Remote ATM Control: Kaspersky Lab Details $1BILLION Online Bank Heist

1bn online bank heist

Remote ATM control: Kaspersky Lab details $1bn online bank heist (EXCLUSIVE) (RT, Feb 16, 2015):

Internet security company Kaspersky Lab says the banking industry could be experiencing “a new era in cybercrime.” The company has been investigating a $1 billion attack on financial institutions by a sophisticated hacking group.

The IT security firm says the hackers from the Carabanak group used a complex virus system which was later named after them. It is not like the simple Trojan horse malware used to by-pass security systems, but something much more complex and unique, according to documents exclusively seen by RT.

Russian cyber-security company Kaspersky Lab was invited to look into the matter, after an ATM in the Ukrainian capital Kiev started giving out cash randomly without anyone inserting a card or touching any buttons in late 2013.

Read moreRemote ATM Control: Kaspersky Lab Details $1BILLION Online Bank Heist

No deal: Greece-EU bailout talks break down, Athens given 1 week ultimatum

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No deal: Greece-EU bailout talks break down, Athens given 1 week ultimatum (RT, Feb 16, 2015):

The eurozone has given Greece an ultimatum of one week to request an extension of its bailout deal, as Athens turned down the offer dubbing it “absurd” and “unreasonable”. Greece’s finance minister said they were ready to sign – but something different.

But despite not reaching a deal, Greece Finance Minister Varoufakis insisted Athens is “ready and willing” to reach a deal and that he is confident of reaching one in 2 days, he said in statement after the talks.

“We were offering to refrain effectively from implementing our own program for a period of six months and all we were getting back was a nebulous promise of some flexibility that was never specified,” Varoufakis said.

Read moreNo deal: Greece-EU bailout talks break down, Athens given 1 week ultimatum