The Greek “White Knight” Emerges: Putin To Give Athens €5 Billion For Advance Gas Pipeline Fees

The Greek “White Knight” Emerges: Putin To Give Athens €5 Billion For Advance Gas Pipeline Fees (ZeroHedge, April 17, 2015):

With Greece teetering on the edge of insolvency and forced to raid pension and most other public funds, ahead of another month of heavy IMF repayments which has prompted even the ECB to speculate Greece should introduce a parallel “IOU” currency, a white knight has appeared out of nowhere for Greece, one who may offer $5 billion in urgently needed cash. The white knight is none other than Vladimir Putin. “Just because Greece is debt-ridden, this does not mean it is bound hand
and foot, and has no independent foreign policy,” Putin said previously.

Russian President Putin and Greek Prime Minister Tsipras attend a signing ceremony at the Kremlin in Moscow

According to Spiegel, citing a senior figure in the ruling Syriza party, Greece is poised to sign a gas deal with Russia as early as Tuesday which could bring up to €5 billion into the depleted Greek coffers.

The move could now “turn the tide” for the debt-stricken country according to a senior Greek official.

Read moreThe Greek “White Knight” Emerges: Putin To Give Athens €5 Billion For Advance Gas Pipeline Fees

NOT The Onion … Alexis Tsipras Tweets: “Tomorrow I will be meeting with the Nobel Prize-winning economist @NYTimeskrugman #Greece”

You can’t make this stuff up!!!


Greece Is About To Be ‘Fixed’ For Good (ZeroHedge, April 17, 2015):

What could possibly go wrong?

Just wait until he tells the Greek PM that “debt doesn’t matter.”

Read moreNOT The Onion … Alexis Tsipras Tweets: “Tomorrow I will be meeting with the Nobel Prize-winning economist @NYTimeskrugman #Greece”

Greece Isn’t Preparing Default – Tsipras Dispels Rumor

Sure!


Greek Prime Minister Alexis Tsipras
Greek Prime Minister Alexis Tsipras

Greece isn’t preparing default – Tsipras dispels rumor (RT, April 14, 2015):

Greece isn’t planning a debt default, contrary to reports in the Financial Times, says Prime Minister Alexis Tsipras.

“Greece … is not preparing for any debt default and the same goes for its lenders. Negotiations are proceeding swiftly towards a mutually beneficial solution,” Prime Minister Tsipras’ office said in a statement, Reuters reported.

Greece is scheduled to make several payments to the IMF in the next few months. On May 1 €203 million is due, another €770 million on May 12, and about another €1.6 billion in June in Special Drawing Rights (SDRs), an artificial currency created by the IMF that the institution uses to give out extra funds.

Read moreGreece Isn’t Preparing Default – Tsipras Dispels Rumor

EUpocalypse Now?! Greece Demands WWII Reparations From Germany

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EUpocalypse Now?! Greece Demands WWII Reparations From Germany (The Corbett Report, April 7, 2015):

Regular readers of this column will remember when I “boldly” predicted that Syriza would change nothing regarding the Greek status quo and that those celebrating the party’s election win earlier this year were going to be as sorely disappointed as Obama’s “Hope & Change” cheerleaders. Actually, it wasn’t such a bold prediction for those who understand that the only meaningful changes that are ever going to happen are going to be structural changes implemented bottom-up in peer-to-peer decentralized economic systems that have nothing to do with regional currencies, central banks or deals with the IMF, but some people treated it as a bold prediction.

Sadly enough for the Greek people (with whom I truly do sympathize) that prediction was all too accurate. Since Syriza’s dramatic “no talks with the troika” rhetoric to their talks with the troika (oh, I’m sorry, the “Brussels Group“) to their inevitable complete cave-in (and re-cave-in) they have fallen all over themselves to make their payments to the banksters, complete all the bankster-assigned homework, and pledge their fealty to the banksters (in the only language the banksters understand, of course: fiat debt money and austerity conditions). And still, the banksters use every opportunity to remind Syriza and its supporters who’s really calling the shots in Athens (hint: it’s not Tsipras).

Read moreEUpocalypse Now?! Greece Demands WWII Reparations From Germany

Greece Demands €278 Billion WWII Reparations From Germany – More Than Its Debt To EU

Spiegel Greece Merkel

Greece demands €278bn WWII reparations from Germany – more than its debt to EU (RT, April 7, 2015):

Germany owes Greece no less than €278.7 billion in World War II reparations, Athens said, referring to the destruction wrought upon the nation during the Nazi occupation. The sum exceeds Greece’s total debt of €240 billion to the EU.

“According to our calculations, the debt linked to German reparations is €278.7 billion euros, including €10.3 billion for the so-called forced loan. All the other amounts are related to allowances for individuals or infrastructure,” said the country’s deputy finance minister, Dimitris Mardas.

The figure was calculated by a parliamentary committee and the Greek supreme court. The numbers have previously varied between €269 billion and €332 billion.

Mardas added that at the 1946 Paris Conference the amount of reparations was set at $341.2 billion.

Read moreGreece Demands €278 Billion WWII Reparations From Germany – More Than Its Debt To EU

Tsipras Heads To Moscow As IMF Withdraws Athens Staff; Greek Default Risk Hits Post-Crisis Higgh

Greece

Tsipras Heads To Moscow As IMF Withdraws Athens Staff; Greek Default Risk Hits Post-Crisis High (ZeroHedge, April 2, 2015):

Amid growing pressure from their ‘Troika colleagues’ with Eurogroup Chair Dijsselbloem noting there is “still a long way to go” on Greek proposals and The IMF withdrawing its staff in Athens; new prime minister Alexis Tsipras heads to Russia to meet with Putin early next week. As Kremlin spokesman, Dmitry Peskov noted – somewhat intriguingly – “Greece has not asked [Russia] for financial aid… yet,” as Tsipras is expected to seek agreement for a ‘road map’ of initiatives on the political and economic levels. Greek default risk has resurged in the last few days to its highest since the last ‘restructuring’…

Greek default risk hits post-crisis highs…

Greece-CDS-default-risk-on

With friends like this…

Read moreTsipras Heads To Moscow As IMF Withdraws Athens Staff; Greek Default Risk Hits Post-Crisis Higgh

After Pillaging Pensions, Greece Raids Utilities To Repay Troika; Bonds Plunge As Bank Run Accelerates

Varoufakis-austerity-editionLagarde-Varoufakisscrewed

Related info:

ECB Prepares For Grexit, Anticipates 95% Loss On Greek Debt


After Pillaging Pensions, Greece Raids Utilities To Repay Troika; Bonds Plunge As Bank Run Accelerates (ZeroHedge, March 19, 2015):

Following yesterday’s news that the ECB is now running simulations on what a Grexit would mean for Greek bond prices (spoiler alert:
“fundamentals” suggest a 95% loss), overnight we got more confirmation that Mario Draghi continues to tighten the screws on the Greek sovereign corpse, when Bloomberg reported that the ECB once again raised the maximum amount of emergency liquidity available to Greek lenders by €400 million, but less than the Greek central bank requested, people familiar with the decision said.

Read moreAfter Pillaging Pensions, Greece Raids Utilities To Repay Troika; Bonds Plunge As Bank Run Accelerates

Greek PM To Meet With Putin Amid Cash Crunch

Varoufakis-TsiprasPutin

Greek PM To Meet With Putin Amid Cash Crunch (ZeroHedge, March 17, 2015):

With Greece digging around in the couch cushions to try and scrape up €2 billion by Friday in order to make payments to the IMF, the ECB, and Goldman, and with celebrity FinMin Yanis Varoufakis doing his absolute best to sink the entire ship with a series of epic PR faux pas, one is left to wonder just where Athens will turn when Berlin and Brussels finally reach the end of their ropes with what increasingly looks like gross incompetence in the Aegean. We may have gotten the answer to that question today via Reuters:

Greek Prime Minister Alexis Tsipras will visit Moscow on April 8 after being invited to talks by Russian President Vladimir Putin, a Greek government official said on Tuesday.

Greece’s government has previously said Putin had invited Tsipras to visit Moscow on May 9 and it was not immediately clear if that trip had been changed. It would be Tsipras’s first official visit to Moscow since being elected in January.

There you have it. As Syriza faces the unenviable proposition of either completely giving up on its campaign promises or plunging the Greek economy and banking system into a drachma death spiral, it appears as though Athens is playing the one card it has left, which is threatening to effectively surrender itself to the Kremlin. As Reuters notes, this wouldn’t be the first time Greece has (maybe) inadvertently created speculation around the possibility that Moscow could end up being the White (or Red) Knight: 

Read moreGreek PM To Meet With Putin Amid Cash Crunch

Germans Furious After Varoufakis/Tsipras Admit “Greece Will Never Repay Its Debts”

Related info:

screwed

Greece Passes Law To Plunder Pension Funds


Germans Furious After Varoufakis/Tsipras Admit “Greece Will Never Repay Its Debts” (ZeroHedge, March 12, 2015):

The Greco-Germanic war of words continues… Having pissed off The Greeks with his “Troika” remarks, Germany’s Schaeuble went on today to more ad hominum attacks by reportedly calling the Greek FinMin “foolishly naive.” The Greek ambassador has ‘officially’ complained to “friend and ally” Germany about the personal insult. But The Greeks had the last laugh, as first Varoufakis and then Tsipras explained respectively that “Greece would never pay back its debts,” and “Greece cannot pretend its debt burden is sustainable.” The German response, via tabloid Bild, “there must be an end to this madness. Europe must not be made to look stupid.”

Read moreGermans Furious After Varoufakis/Tsipras Admit “Greece Will Never Repay Its Debts”

Greece Said To Tap Social Security Capital To Fund T-Bill Rollover

Alexis-Tsipraschange-we-can-believe-in
‘CHANGE’ … looks like its your turn now Greece!

Greece Said To Tap Social Security Capital To Fund T-Bill Rollover (ZeroHedge, March 4, 2015):

As reported over the past two days, in order to fund the payment on various imminent debt maturities to the IMF, the cash-strapped Greek government has been forced to consider, among other things, raiding Greek pension to procure the required funds. We noted yesterday, citing Reuters, that Greece will use short-term repo transactions to transfer the cash, but one government official said they could not be used to repay the IMF.

Greece is tapping into the cash reserves of pension funds and public sector entities through repo transactions as it scrambles to cover its funding needs this month, debt officials told Reuters on Tuesday…. At least part of the state’s cash needs for the month will be met by repo transactions in which pension funds and other state entities sitting on cash lend the money to the country’s debt agency through a short-term repurchase agreement for up to 15 days, debt agency officials told Reuters

“Repo” because the implication is that this funding need is temporary. Of course, should it provide to be anything but, the local population will promptly exhibit very angry tendencies once it is revealed that the “radical left” government plundered Greek pensions to pay the IMF which could then immediately turn around and use the fund to pay the Kiev government, which in turn could pay Putin to keep the gas running. Where Greece will find an additional source of funds to replace this Pension “repo” was not quite clear as of this writing.

Read moreGreece Said To Tap Social Security Capital To Fund T-Bill Rollover

The Reason Why The Eurogroup Rushed To Approve The Greek Reform Package?

Update:

About The Authorship Of The Infamous “Greek Reforms” Memo

You can’t make this stuff up!


The Reason Why The Eurogroup Rushed To Approve The Greek Reform Package? (ZeroHedge, Feb 24, 2015):

As we noted earlier today, there was some confusion over the plight of the Greek reform proposal document, which initially was said to have been delayed until today, only for the Troika, pardon, Institutions, to flip around and say they had actually received it before midnight on Monday. How could the two be possible? Courtesy of Yannis Koutsomitis, who had the simple but profound idea of looking at the properties tab in the leaked Varoufakis draft of the agreed to proposals, we now know.

As it turns out, the reason why not only the Troika received an agreed to version of the Greek reform proposals “before midnight on Monday”, but rushed these through with a favorable agreement today, is that, drumroll, the European Commission drafted the entire letter!

declan costello letter_1_0

All Yanis Varoufakis had to do was agree to the letter that the Troika had previously written and agreed in advance was agreeable to it, and send it back. The skeptics are encouraged to play around the original pdf “leak” found here.

Read moreThe Reason Why The Eurogroup Rushed To Approve The Greek Reform Package?

50 Shades Of Greece

50 shades of greece

50 Shades of Greece (The Automatic Earth, Feb 22, 2015):

When it comes to the ongoing Greek question, I see a lot of people eagerly jump to conclusions, after the ‘debt deal’, that I don’t think are justified; certainly not yet. The overall conviction in the press seems to be that Syriza has given in on just about all fronts, and Germany and Dijsselbloem are the big winners.

But since that may well be the exact position Syriza wants ‘the other side’ to be in, where they think they have prevailed, one will have to try and think a few steps ahead before judging the situation. There’s far more grey area here than many pundits seem to assume, easily 50 shades of it.

Read more50 Shades Of Greece

The Assassination of Greece

Petras-Book-image

The Assassination of Greece (Veterans News Now, Feb 21, 2015):

by Dr. James Petras

The Greek government is currently locked in a life and death struggle with the elite which dominate the banks and political decision-making centers of the European Union.What are at stake are the livelihoods of 11 million Greek workers, employees and small business people and the viability of the European Union.  If the ruling Syriza government capitulates to the demands of the EU bankers and agrees to continue the austerity programs, Greece will be condemned to decades of regression, destitution and colonial rule.  If Greece decides to resist, and is forced to exit the EU, it will need to repudiate its 270 billion Euro foreign debts, sending the international financial markets crashing and causing the EU to collapse.

Read moreThe Assassination of Greece

‘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’

Varoufakis Blasts ECB ‘Has Lost Control Of Monetary Policy’ As Germany Tells Greece: ‘There Is No Way Out’

Yanis Varoufakis Sums Up Europe In One Sentence

–  Varoufakis Blasts ECB “Has Lost Control Of Monetary Policy” As Germany Tells Greece: “There Is No Way Out” (ZeroHedge, Feb 9, 2015):

“There is no way out” for Greece from its treaty obligations warns German lawmaker Michael Fuchs (Angela Merkel’s deputy caucus chairman) telling Bloomberg TV that conditions set for Greece by The Troika (EU, ECB, IMF) for bailout funds “have to be fulfilled…. That’s it, very simple.” The Greeks remain adamant that they will not ask for an extension to the bailout mechanism with both Tsipras and Varoufakis confirming that a bridge agreement is required and the latter adding “the ECB has lost control of monetary policy,” demanding the Troika structure come to an end. Then German Finance Minister Wolfgang Schaeuble exclaimed at the G-20 meeting that “Greece either has to find a way to get bridge financing, or, if they want to do it with us, they need a program,” seeming to push the door open to possible Russian financial aid for Greece as Europe’s pivot to Putin appears to be rising.

Read moreVaroufakis Blasts ECB ‘Has Lost Control Of Monetary Policy’ As Germany Tells Greece: ‘There Is No Way Out’

Europe, US Risk Off After Greece Rejects European Ultimatum, Ukraine Peace Talks Falter

No 741831

Europe, US Risk Off After Greece Rejects European Ultimatum, Ukraine Peace Talks Falter (ZeroHedge, Feb 9, 2015):

In the absence of any notable developments overnight, the market remains focused on the rapidly moving situation in Greece, which as detailed over the weekend, responded to Europe’s Friday ultimatum very vocally and belligerently, crushing any speculation that Syriza would back down or compromise, and with just days left until the emergency Eurogroup meeting in three days, whispers that a Grexit is imminent grow louder. The only outstanding item is what happens to the EUR and to risk assets: do they rise when the Eurozone kicks out its weakest member, or will they tumble as UBS suggested this morning when it said that “the escalation of tensions between the Greek government and its creditors is so far being shrugged off by investors, an attitude which is overly simplistic and ignores the risk of market dislocations” while Morgan Stanley adds that a Grexit would likely lead to the EURUSD sliding near its all time lows of about 0.90.

Read moreEurope, US Risk Off After Greece Rejects European Ultimatum, Ukraine Peace Talks Falter

Putin Invites Tsipras To Visit Russia

Putin chess

Putin Invites Tsipras To Visit Russia (ZeroHedge, Feb 5, 2015):

While Greek finance minister Yanis Varoufakis’ comments that “we will never ask for financial assistance in Moscow,” which notably does not deny acceptance of aid if offered, and Greek Minister of Energy Panagiotis Lafazanis adding that Athens opposes the embargo imposed on Moscow, “we have no disagreement with Russia and the Russian people,” it is perhaps not surprising that, as Vedemosti reports, Russian President Vladimir Putin spoke by phone with the new Prime Minister of Greece Alexis Tsipras, congratulated him on taking office, and invited him to Russia.

Read morePutin Invites Tsipras To Visit Russia

Greece Refuses To Back Down: ‘Government Will Do As Promised’ Alexis Tsipras Says

Greece-Alexis-Tsipras

Greece Refuses To Back Down: “Government Will Do As Promised” Tsipras Says (ZeroHedge, Feb 5, 2015):

With an increasingly vitriolic tone, the new Greek government has come out swinging today with leader Alexis Tsipras making it clear that he will implement the election pledges the people of Greece voted for:

  • A NEW GREEK GOVT WILL BARGAIN TOUGH, AND PUT A FINAL END TO THE TROIKA AND ITS POLICIES
  • WE MANAGED TO DECONSTRUCT THE EUROPEAN STATUS QUO THAT WANTS MORE AUSTERITY AND LESS DEMOCRACY

It took one week, Tsipras chides, to get European leaders to talk about the real problems and Greece will negotiate hard to “put an end to Troika.”

Read moreGreece Refuses To Back Down: ‘Government Will Do As Promised’ Alexis Tsipras Says

UK Chancellor Calls Greece ‘Greatest Risk To Global Economy’ – Greek PM Alexis Tsipras Does Not Rule Out Russian Aid

Tsipras Does Not Rule Out Russian Aid As UK Chancellor Calls Greece “Greatest Risk To Global Economy” (ZeroHedge, Feb 2, 2015):

“It is clear that the stand-off between Greece and the eurozone is the greatest risk to the global economy,” warns UK Chancellor George Osborne adding that he hopes Greece’s new finance minister “acts responsibly,” as Varoufakis toured Europe to discuss Greece’s ‘demands’. Mainstream media’s attention, however, is not focused on this warning (remember, Greece is small and contained is the meme to pay attention to), but instead proclaimed Greece’s pivot to Russia over when in fact, Tsipras words did anything but ‘rule out’ Russian aid as he said – specifically – “we are in substantial negotiations with our partners in Europe and those that have lent to us,” adding that with regards Russia, “right now, there are no other thoughts on the table.” Hardly the definitive “ruling out” that US media spins.

Read moreUK Chancellor Calls Greece ‘Greatest Risk To Global Economy’ – Greek PM Alexis Tsipras Does Not Rule Out Russian Aid

George Soros “Trojan Horse” Inside The New Greek Government?

Georg_Soros

George Soros “Trojan Horse” Inside The New Greek Government? – Wayne Madsen (The News Doctors, Jan 29, 2015):

As Greece celebrates the inauguration of its anti-austerity government, the euphoria should be tempered with a bit of realism. Although new Prime Minister Alexis Tsipras, who named his son “Ernesto” after Cuban revolutionary Ernesto “Ché” Guevara, and the vast majority of his new Coalition of the Radical Left (SYRIZA) government have good left-wing and pro-labor credentials, the same cannot be necessarily said of the man Tsipras chose to be Greece’s new finance minister. Yanis Varoufakisis a citizen of Australia who was educated in Britain and worked as a professor at the University of Texas. Europe has witnessed such dual nationals with conflicting loyalties take power in countries in Eastern Europe, most notably in Ukraine, where American Natalie Jaresko became finance minister in order to deliver International MonetaryFund (IMF) and European Central Bank (ECB) austerity “poison pills” to Ukraine.

Read moreGeorge Soros “Trojan Horse” Inside The New Greek Government?

Alexis Tsipras’ Open Letter To Germany: What You Were Never Told About Greece

Alexis Tsipras’ Open Letter To Germany: What You Were Never Told About Greece (ZeroHedge, Jan 29, 2015):

Authored by Alexis Tsipras via Syriza.net,

Most of you, dear [German] readers, will have formed a preconception of what this article is about before you actually read it. I am imploring you not to succumb to such preconceptions. Prejudice was never a good guide, especially during periods when an economic crisis reinforces stereotypes and breeds biggotry, nationalism, even violence.

In 2010, the Greek state ceased to be able to service its debt. Unfortunately, European officials decided to pretend that this problem could be overcome by means of the largest loan in history on condition of fiscal austerity that would, with mathematical precision, shrink the national income from which both new and old loans must be paid. An insolvency problem was thus dealt with as if it were a case of illiquidity.

Read moreAlexis Tsipras’ Open Letter To Germany: What You Were Never Told About Greece

Alexis Tsipras Addresses Greece, Says Bailout Agreements, ‘Troika Era’ Are Over

greece

Tsipras Addresses Greece, Says Bailout Agreements, “Troika Era” Are Over (ZeroHedge, Jan 25, 2015):

The first public address of Greece’s new leaders, Alexis Tsipras has begun. The key highlights of his speech so far:

  • TSIPRAS SAYS GREEK PEOPLE HAVE WRITTEN HISTORY
  • TSIPRAS SAYS GREECE IS TURNING PAGE, LEAVING AUSTERITY BEHIND
  • TSIPRAS SAYS BAILOUT AGREEMENTS HAVE ENDED FOR GREECE
  • TSIPRAS SAYS TROIKA ERA IS OVER FOR GREECE
  • TSIPRAS SAYS SYRIZA GOVT READY TO NEGOTIATE, COOPERATE ON DEBT
  • TSIPRAS SAYS OLIGARCHS, ELITES IN GREECE HAVE BEEN DEFEATED
  • TSIPRAS SAYS SYRIZA VICTORY IS VICTORY FOR PEOPLES OF EUROPE

Europe will not be pleased.

Alex Jones Interviews Webster Tarpley: The Rand Paul Fiasco – ‘The American System’ – Ron Paul – History – Greece (Video)

For your information.



YouTube Added: 11.06.2012

PRO-BAILOUT Party Wins Greek Election

Pro-austerity party wins Greek election (RT, June 17, Edited June 18, 2012):

The pro-bailout New Democracy party has come out on top in Greece’s parliamentary elections, having gained 29.6 per cent of the votes. With nearly all the votes counted, the anti-austerity leftist Syriza party is trailing on 26.9 per cent.

The results have kept fears of Greece’s imminent exit from the eurozone at bay for the time being. “The Greek people today voted for Greece to remain on its European path and in the eurozone,” New Democracy leader Antonis Samaras said after his party had won, AP reports. He added that voters had chosen “policies that will bring jobs, growth, justice and security.”

The pro-bailout Socialist PASOK party came third with 12.3 per cent of the votes. The far-right Golden Dawn part won 6.9 per cent.

Read morePRO-BAILOUT Party Wins Greek Election