In These New Times

A new paradigm for a post-imperial world

Tsipras secures domestic backing for last-gasp effort at deal

Posted by seumasach on July 7, 2015

Ekathimerini

7th July, 2015

Greece’s new Finance Minister Euclid Tsakalotos and Prime Minister Alexis Tsipras travel to Brussels on Tuesday with the aim of keeping the country in the eurozone but with most of its partners seeming to have decided that an exit would be more preferable.

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Russia rules out excluding Greece from anti-EU food ban

Posted by seumasach on July 6, 2015

Russia Rules Out Excluding Greece From Anti-EU Food Ban in Case of Grexit

Sputnik News

6th July, 2015

The possible exit of Greece from the Eurozone will not result in Russia lifting the food import embargo from Athens, Russia’s First Deputy Minister of Economic Development Alexei Likhachev said on Monday.

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Greece betrays principle of contract by halting port sale

Posted by seumasach on July 6, 2015

Global Times

29th January, 2015

As soon as he assumed office, new Greek Prime Minister Alexis Tsipras has announced he is about to halt a landmark deal to privatize the country’s biggest port of Piraeus. China’s Cosco Group, a State-owned global shipping giant, had submitted a bid, but now, according to the new government, the sale will be reviewed.

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Tsipras victory to carry steep price

Posted by seumasach on July 6, 2015

I must admit that I assumed there would be a “Yes” vote given Greece’s abiding commitment to the Eurozone. Tsipras may have known better and the incredible antics of himself and Yaroufakis may have had this covert goal: to achieve an exit from the Eurozone without seeking explicit approval from the Greek people. It’s also possible that this goal is shared by certain European partners, notably Scheuble. This would explain the deliberate burning of boats to the creditors which Yaroufakis’ resignation can hardly undo. This vote is being hailed by the left and eurosceptic right as victory over austerity. However, if the result is that Greece no longer has currency to pay for imports, on which it is totally dependent, the austerity phase will simply transition to the humanitarian crisis phase for which Martin Schulz has quite rightly called on Europe to prepare.

India Times

6th July, 2015

Prime Minister Alexis Tsipras may have won a victory at home on Sunday as the Greek people dealt a resounding “no” to European austerity policies.

But Greece risks paying a high price for that decision.

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Greek debt crisis ‘Not Russia’s problem’

Posted by seumasach on July 5, 2015

Kremlin: Finding Solution to Greek Debt Crisis ‘Not Russia’s Problem’

Moscow Times

30th June, 2015

Finding a solution to Greece’s debt crisis is not a matter for Russia but for Athens and its creditors, Kremlin spokesman Dmitry Peskov said on Tuesday.

“This is Greece’s problem,” Peskov told journalists on a conference call. “[It’s a matter] of Greece’s relations with its creditors, it’s not a matter for us.”

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Germany proposed Greek referendum in May

Posted by seumasach on July 5, 2015

Perhaps then the referendum wasn’t such a surprise as everyone makes out.

“A referendum could make it easier for leftist Greek Prime Minister Alexis Tsipras to climb down on election promises that are making a deal on economic reforms hard to achieve”

The key thing would be to make sure the referendum produced the right result.

Germany, in shift, says Greek referendum on reform could help

Channel News Asia(Reuters)

EU paymaster Germany said on Monday it could make sense for Greece to hold a referendum on painful economic reforms under negotiation with its creditors, changing tack as Berlin’s own lawmakers bridle at further aid for Athens.

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Tsipras urges Greeks to defy creditors’ ‘blackmail’

Posted by seumasach on July 2, 2015

Just when Greece requires clarity and direction they have got Alexis Tsipras. Whatever he is attempting to do he is creating a fine mess. It’s a good idea in principle to put any agreement with the Troika to a referendum but there was no agreement. Now he wants to agree on most of the “agreement” which he is calling on people to reject on Sunday. According to La Repubblica he told Martin Schulz leader of the European parliament that he hoped for a “Yes” vote.  “Eurozone officials said they were baffled by the mixed messages coming from Greece.” Meanwhile, leftist luminaries in Britain such as  MacWhirter are hailing the “No” vote as the rejection of the Eurozone  Is that, despite his claims to the contrary, Tsipras’ real goal. If Tsipras doesn’t want to wreck the European project we are left with the unlikely conclusion that the European leadership do.

FT

Greece’s prime minister accused Europe’s leaders of attempting to “blackmail” Greek voters, just hours after apparently holding out an olive branch to the country’s creditors by accepting most of the terms of the economic reform plan they had tabled last weekend.

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Greek PM appears defiant, saying Sunday’s referendum not on euro

Posted by seumasach on July 2, 2015

Xinhua

1st July, 2015

ATHENS, July 1 (Xinhua) — Greek Prime Minister Alexis Tsipras appeared defiant in a televised message to the nation on Wednesday as Greece became the first advanced economy in decades in arrears status to the International Monetary Fund, moving closer to the brink of default and a possible Grexit.

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What Chinese premier pledges when EU at a crossroad

Posted by seumasach on July 2, 2015

People’s Daily

2nd July, 2015

China promised the European Union on Monday it would hold on to its euro zone debt, saying the Greek debt crisis was Beijing’s problem headache too.

Chinese Premier Li Keqiang made his remarks following a stressful weekend for Greeceand the eurozone, in which Greece broke off talks with its creditors, announced areferendum, and introduced capital controls.

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For Greece’s international creditors, regime change is the ultimate goal

Posted by seumasach on June 30, 2015

If, as is widely rumoured, the IMF intervened to wreck negotiations between the Greek government and European institutions the the real question Europeans should be voting on is one of European sovereignty. What the hell is the IMF doing in what should be an internal European issue? The question , of course, is purely rhetorical: they are there to oversee Wall Street/City of London interests. Unlike China and the merging BRICS, these interests are not pro-European in terms of supporting European integration. Rather they support a neo-liberal Europe, that is, a Europe a Europe which fragments along lines determined by “the market”. You have only to read the press, almost entirely under their control, to see this. They will also be quite happy with the Left’s superficial anti-imperialist rhetoric concerning Greek relations with Germany: it’s all grist to the mill. Once again, as in Kosovo, as in Libya, as in Ukraine, Europe’s inability to break free of Wall Street tutelage is causing Europe to shoot itself in the foot, if not the heart. Whatever the outcome of the referendum, negotiations will resume and the effect of Tsipra’s gambit may be salutary if the lesson is learnt and the IMF are shown the door.

Telegraph

29th June, 2015

Apparently, there was the basis for a deal at some stage last week; but then at the last moment, in comes the International Monetary Fund to say that the conditions were not enough, and insist on the addition of a whole series of demands on pensions reform that were bound to be unacceptable to Greece’s Syriza-led government.

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The ECB’s dilemma

Posted by seumasach on June 29, 2015

Summary: The ECB has not cut off funding to Greece but it has failed to increase it. The position of the Bundesbank is more hardline: they call for an end to all ECB emergency funding now. In the event of a “Yes” vote funding will be resumed and increased. A “No” vote would make further funding impossible and Greece would have to print its own currency, a step towards leaving Eurozone

La BCE prise entre deux feux

Le Monde

29th June, 2015

Le pire cauchemar de Mario Draghi, le président de la Banque centrale européenne (BCE), est peut-être sur le point de se réaliser. Dimanche 28 juin au soir, le premier ministre grec Alexis Tsipras a placé l’institution sur le banc des accusés, aux côtés des ministres des finances de la zone euro. « Les récentes décisions de l’Eurogroupe et de la BCE n’ont qu’un objectif : réprimer la volonté du peuple grec », a dénoncé M. Tsipras sur le réseau social Twitter, peu après avoir annoncé la fermeture des banques et l’instauration du contrôle des capitaux.
En savoir plus 

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