In These New Times

A new paradigm for a post-imperial world

Osbourne: Greek governmentt risk to global economy

Posted by seumasach on February 3, 2015

Osbourne is obviously only too aware of the revolutionary implications of a writedown of Greek sovereign debt : it will interfere with the ongoing writedown of private banking debt. It’s a pity that anti-austerity canpaigners don’t show the same awareness and recognise that the entire edifice of Wall Street, City of London finance capital, parasitic and destructive, has to come down if we are to end the downward spiral. Instead they persist with their neo-Keynesian fanatasies and their pretence that there is no systemic crisis. It remains to be see how far Tsipras’ grasp of reality goes and to what extent he can link up with elements within the European political class who recognise that the banking system is bust and has to be put through effective bankruptcy and replaced by a banking system orientated towards developing the real economy. As Obama said

“You cannot keep on squeezing countries that are in the midst of depression,” Obama told CNN.

“At some point, there has to be a growth strategy in order for them to pay off their debts to eliminate some of their deficits,” he added.

 

Greece’s Syriza govt could pose greater risk to global economy than Middle East conflict – Osborn

RT

2nd February, 2015

Greece’s standoff with Eurozone governments and international creditors poses a greater threat to the global economy than conflict in the Middle East, climate change and rising tensions between Russia and the West, UK Chancellor George Osborne says.

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Syriza-led Greek parliament ‘will never ratify TTIP’

Posted by seumasach on February 3, 2015

Euractiv

2nd February, 2015

The newly-elected government in Athens has always been suspicious of the Transatlantic Trade and Investment Partnership (TTIP) and will use its Parliament majority to sink the EU-US trade pact, claims a former Syriza MEP now turned minister. EurActiv Greece reports.

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Tsipras needs a recovery plan

Posted by seumasach on February 3, 2015

China Daily

3rd February, 2015

The actions of Alexis Tsipras, who heads the new Greek government, have been swifter than most expected, as he bids to deliver on the promises he made to voters in the run-up to the election on Jan 25.

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Tsipras says Greece and Cyprus could be ‘EU bridge to Russia’

Posted by seumasach on February 3, 2015

Euractiv

3rd February, 2015

On a visit to Cyprus on 2 February, Greek Prime Minister Alexis Tsipras told his host, Cyprus President Nikos Anastasiades, that the two countries could form a bridge between Europe and Russia, currently estranged over Ukraine.

 

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Russia might bailout Greece

Posted by seumasach on January 31, 2015

RT

31st January, 2015

Greece hasn’t outright asked Russia for a loan, but Russian Finance Minister Anton Siluanov said Moscow wouldn’t rule it out. His statement comes days after Greece openly opposed further economic sanctions against Russia.

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An examination of how Syriza won in Greece

Posted by seumasach on January 31, 2015

Tarpley’s ignorance of the Russia -Turkey agreement over a gas pipeline to the Greek border is a bit surprising. Chinese investment could play a key role in building a connection between Turkey and central Europe via Greece. Tarpley is probably wrong in supposing that the cancellation of the Piraeus contract is a snub to the Chinese judging by yesterday’s statement by Greek representatives. Given the direction that Tsipras appears to have taken it would indeed be surprising if he sought to alienate the Chinese. The contract can. of course, be renegotiated in terms more sensitive to Greek national interests. Apart from that, a very interesting and informative talk by Tarpley on these startling , new, Greek developments.

21st Century Wire

30th January, 2015

Listen to audio

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Greek Ministers meet with Chinese Ambassador for Piraeus Port

Posted by seumasach on January 31, 2015

“During yesterday’s meeting with the Chinese officials, the two Greek Ministers allegedly attempted to appease their concerns, clarifying that the bilateral cooperation will continue. “The two Ministers and the Ambassador agreed to engage in a constructive dialogue to enhance mutual cooperation” the Ministry’s announcement said.”

The cancellation of the Chinese contract for the Piraeus port seemed to contradict Greek interests in turning towards Russia and China as an alternative to the EU. However, this statement seems to have softened the impact and shown an awareness of the importance of Chinese investment in Greek reconstruction.

Greek Reporter

30th January, 2015

A meeting between Greek Economy, Infrastructure, Shipping and Tourism Minister Giorgos Stathakis, Deputy Maritime Minister Thodoris Dritsas, Chinese Ambassador Zou Xiaoli and a delegation of Chinese diplomatic officials was held yesterday in Athens. The meeting was appointed after Xiaoli’s personal request and is seen as a confirmation of the Chinese Commerce Ministry regarding the newly elected Greek government’s plans to proceed with the interruption of the Piraeus Port privatization, as announced by Stathakis and Productive Reconstruction, Environment and Energy Minister Panagiotis Lafazanis earlier this week. – See more at: http://greece.greekreporter.com/2015/01/30/greek-ministers-meet-with-chinese-ambassador-for-piraeus-port/#sthash.ZQYmAe5k.dpuf

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Alexis Tsipras’ “open letter” to German citizens

Posted by seumasach on January 31, 2015

This is a pretty reasonable statement from Tsipras- he is actually the one putting forward a conservative fiscal agenda while the ECB goes for the madness of QE. The question now is where is the Barnier plan for the sanitation of the European financial system, for the famous “bail-in”? Has it been abandoned under Atlanticist pressure in favor of permanent bail-out through money-printing. Tsipras’ moves so far look like an opportunity for Europe to get back on course after going completely adrift with its recent aberrations on Russia and QE. It’s notable that the Atlanticist press seemed quite relaxed about Tsipras at first, revelling in the discomfiture of the Europeans. A neo-Keynesian reflation via money printing, protecting the pound and dollar, has long been their policy for Europe after all. Syriza could well have been their Trojan horse, but they’re not getting what they hoped for from Tsipras. The plot has suddenly become extraordinarily interesting!

….published on Jan.13 in Handelsblatt, a leading German language business newspaper

Open letter to the German readers: That which you were never told about Greece

 

Syriza

Most of you, dear Handesblatt 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.

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Will Tsipras challenge the Robbery of the Century?

Posted by seumasach on January 31, 2015

Neurope

30th January, 2015

One of the very first decisions taken by the new Greek government, was to stop the privatization of 15 airports. If you think that this provision was of Socialist inspiration you are wrong. The new government simply stopped the looting of the country, as it happened before with the construction and management of the Athens airport. If this means to be Socialist, then I am Communist. But I am neither.

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Greece blocks more EU sanctions, Russia offers Athens aid

Posted by seumasach on January 31, 2015

Neurope

30th January, 2015

ATHENS – Sanctions-hit Russia would consider extending financial aid to debt-ridden Greece if Athens were to make a request, Russian Finance Minister Anton Siluanov said. His remarks come after the opposition of new Greek Prime Minister Alexis Tsipras’ government to the introduction of new sanctions against Russia. Athens has stressed that the restrictions will bring economic problems to a number of European states, including Greece.

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Greece begins the great pivot toward Russia

Posted by seumasach on January 28, 2015

The geo-political environment is now quite altered: Greek exit no longer means them falling prey even more to Wall Street- they can, instead, move towards the Russia-China axis. That may not happen but Russian diplomacy has changed the balance of forces inside the EU and given leverage to the new Greek government.

Zero Hedge

27th January, 2015

Foreign Minister Nikos Kotzias is due in Brussels on Thursday to discuss possible additional sanctions on Russia over the conflict in Ukraine. Before the cabinet even meets for the first time tomorrow, the Greek government said that it disagreed with an EU statement in which President Donald Tusk raised the prospect of “further restrictive measures” on Russia.

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