Greek austerity riots/occupations as IMF tears Greece apart

[TonyGosling]

former headline
Athens IMF riots in Greek NWO test zone

Greece is NWO Test Ground, Says Greek Reader
http://beforeitsnews.com/story/17618/Greece_is_NWO_Test_Ground,_Says_G reek_Reader.html

Friday, February 12, 2010 04:12:08
"All men of power here, get their power from plundering the Greek people, or having connections with those that do it."
by Christos (for www.henrymakow.com)

I am 26 years old and live in Greece. I am writing this letter in order to let you know about a new law in Greece announced yesterday.
The financial minister of Greece announced yesterday that from 1/1/2011 all financial transactions of sums above 1500 euros in cash, will be banned. For any transaction above 1500 euros, only credit cards and checks will be legal. The formal explanation for this law is it will combat those who do not pay taxes. But we all know this is not the case...

CONCLUSION
In a few words... Life in Greece sucks. Since I am a computer programmer, i have many times thought about leaving for a better country and make my living there. But i do not want to abandon my home... yet. I would be willing to fight this system, but i see no point since the system is so well entrenched it cannot be tackled by a few men alone.
The reason i wrote you my previous letter is because this new law of banning cash transactions above 1500 euros is just another step towards cashless society, and is being implemented in Greece as a testing phase. I strongly believe it is a matter of time before most western nations see similar laws.

"Greek Crisis is Coming to America"
http://www.henrymakow.com/nwo_bitch_--_young_greek_conte.html

Related story....
The Greek financial rescue plan is likely to be the first stage of a move towards European economic governance
http://www.guardian.co.uk/commentisfree/2010/feb/11/eu-bail-out-greece

[paul wright]

They say that the EU was originally a German Nazi ambition.
At the moment the only bail out for Greece appears to come from Germany with every public service cut to the bone
Mission successful

[conspiracy analyst]

Anyone come across this?

http://www.amazon.co.uk/Great-Deception-Secret-History-European/dp/082 6471056

The Economist stated that there will be another 100states created by 2050.
The break-up of Greece may be the actual agenda?

Newsnights Forum on the issue has had some interesting interventions...
36. At 11:26am on 19 Feb 2010,
http://www.bbc.co.uk/blogs/newsnight/paulmason/2010/02/greece_spearing _the_octopus.html#comments

[conspiracy analyst]

Depression economics comes to Greece

Across the board 7% wage cuts and in pensions, tax hikes and increases in all consumer goods.

No more recruitments in any public sector posts...

[Disco_Destroyer]

small states easy to control!

[Pugwash]

So are larger ones apparently, Britain and the US for example. And smaller states are more likely to see the people actively offer resistance against the stranglehold imposed corporate banking interests. Both Greece and Iceland have forced Government rethinks. We can only hope their lead becomes contagious.

[conspiracy analyst]

Ever heard of the sinister projectsyndicate?


The Greek Conundrum
George Soros



The euro is a unique and unusual construction whose viability is now being tested. Otmar Issing, one of the fathers of the common currency, correctly stated the principle on which it was founded: the euro was meant to be a monetary union, but not a political one. The participating states established a common central bank, but they explicitly refused to surrender the right to tax their citizens to a common authority. This principle was enshrined in Article 125 of the Maastricht Treaty, which has since been rigorously interpreted by the German constitutional court.

The principle, however, is patently flawed. A fully-fledged currency requires both a central bank and a treasury. The treasury need not be used to tax citizens on an everyday basis, but it needs to be available in times of crisis. When the financial system is in danger of collapsing, the central bank can provide liquidity, but only a treasury can deal with problems of solvency. This is a well-known fact that should have been clear to everyone involved in the euro’s creation. Issing admits that he was among those who believed that “starting monetary union without having established a political union was putting the cart before the horse.”

The European Union was brought into existence step-by-step by putting the cart before the horse: setting limited but politically attainable targets and timetables, knowing full well that they would not be sufficient, and thus that further steps would be required in due course. But, for various reasons, the process gradually ground to a halt. The EU is now largely frozen in its current shape.

The same applies to the euro. The crash of 2008 revealed the flaw in the euro’s construction, as each member country had to rescue its own banking system instead of doing it jointly. The Greek debt crisis brought matters to a climax. If member countries cannot take the next steps forward, the euro may fall apart, with adverse consequences for the EU.

The original construction of the euro postulated that each member would abide by the limits set by the Maastricht Treaty. But previous Greek governments egregiously violated those limits. The Papandreou government, elected in October 2009 with a mandate to clean house, revealed that the budget deficit reached 12.7% of GDP in 2009, shocking both the European authorities and the markets.

The European authorities accepted a plan that would reduce the deficit gradually, but the markets were not reassured. The risk premium on Greek government bonds continues to hover around three percentage points, depriving Greece of much of the benefit of euro membership – namely, being able to refinance government bonds at the official discount rate.

With the risk premium at current levels, there is a real danger that Greece may not be able to extricate itself from its predicament, regardless of what it does, because further budget cuts would further depress economic activity, reducing tax revenues and worsening the debt-to-GDP ratio. Given that danger, the risk premium will not revert to its previous level in the absence of outside assistance.

The situation is aggravated by the market in credit default swaps, which is biased in favor of those who speculate on failure. Being long CDS, the risk automatically declines if they are wrong. This is the exact opposite of short-selling in equity markets, where being wrong means that the risk automatically increases.

Recognizing the need, the last Ecofin meeting has, for the first time, committed itself “to safeguard financial stability in the euro area as a whole.” But Ecofin has not yet found the mechanism for doing so, because the current institutional arrangements do not provide one – although the Lisbon Treaty establishes a legal basis for it.

The most effective solution would be to issue jointly and separately guaranteed eurobonds to refinance, say, 75% of the maturing debt, as long as Greece meets its agreed-upon targets, leaving Greece to finance the rest of its needs as best it can. This would significantly reduce the cost of financing, and it would be the equivalent of the IMF disbursing its loans in tranches as long as conditions are met.

But this is politically impossible at present, because Germany is adamantly opposed to serving as the deep pocket for its profligate partners. Therefore, makeshift arrangements will have to be found.

The Papandreou government is determined to do whatever is necessary to correct the abuses of the past, and it enjoys a remarkable degree of public support. There have been mass protests and resistance from the old guard of the governing party, but the general public seems ready to accept austerity as long as it sees progress in correcting budgetary abuses – and there are plenty of abuses to allow progress.

So makeshift assistance will be sufficient to allow Greece to succeed, but that leaves Spain, Italy, Portugal, and Ireland. Together they constitute too large a portion of the euro zone to be helped out by makeshift arrangements. The survival of Greece still leaves the future of the euro in question. Even if the EU handles the current crisis, what about the next one?

It is clear what is needed: more intrusive monitoring and institutional arrangements for conditional assistance. Moreover, a well-organized eurobond market would be desirable. The question is whether the political will to take these steps can be generated.


www.project-syndicate.org

[conspiracy analyst]

Russia Today on Greek Crisis

http://www.youtube.com/watch?v=tCe80hsx-ig&NR=1

[conspiracy analyst]

The Credit Default Swaps brigade has betted against the EURO.
Its like owning insurance an insurance police for your next door neighbours house which will pay you if it burns down and you only needs £1 to buy it. It will pay out a £1million.
So what do you do?

_____________________________________________________________



http://www.dailymail.co.uk/news/worldnews/article-1257243/Greek-riots- Up-60-000-people-streets-protest-government.html

Greece rocked by riots as up to 60,000 people take to streets to protest against government

By Mail Foreign Service
Last updated at 5:15 PM on 11th March 2010



Street clashes broke out between rioting youths and police in central Athens today as tens of thousands demonstrated during a nationwide strike against the cash-strapped government.

Hundreds of masked and hooded youths punched and kicked motorcycle police, knocking several off their bikes, as police responded with volleys of tear gas and stun grenades.

The violence spread after the end of the march to a nearby square, where police faced off with stone-throwing anarchists and suffocating clouds of tear gas sent patrons scurrying from open-air cafes.

Police say 16 suspected rioters were detained and two officers were injured.

Greek riots

Stand off: Greek police dodge petrol bombs hurled by rioters on the streets of Athens as protests against new measures to boost the economy turn violent

Greek riots

Up close: A flaming bottle flies towards a has-masked police officer who steps back to avoid being hit

Rioters used sledge hammers to smash the glass fronts of more than a dozen shops, banks, jewelers and a cinema.

Youths also set fire to rubbish bins and a car, smashed bus stops, and chopped blocks off marble balustrades and building facades to use as projectiles.

Organisers said some 60,000 people took part in the protest. But an unofficial police estimate set the crowd at around 20,000 - including those that took part in a separate, peaceful march earlier Thursday. Police do not issue official crowd estimates for demonstrations.

Thursday's strike - the second in a week - brought the country to a virtual standstill, grounding all flights and bringing public transport to a halt.

Greek riots

Chaos: A demonstrator kicks a tear gas canister as the 24 hour general strike turns ugly

Greek riots

Blockade: Strikers estimate up to 60,000 people had taken to the streets

State hospitals were left with emergency staff only and all news broadcasts were suspended as workers walked off the job for 24 hours to protest spending cuts and tax hikes designed to tackle the country's debt crisis.

Riot police made heavy use of tear gas during the start-and-stop clashes throughout the demonstration, including outside Parliament.

Strikers and protesters banged drums and chanted slogans such as 'no sacrifice for plutocracy,' and 'real jobs, higher pay.'

People draped banners from apartment buildings reading: 'No more sacrifices, war against war.

The demonstrators included hundreds of black-clad anarchists in crash helmets and ski masks, who repeatedly taunted and attacked riot police with stones and petrol bombs, at one point spraying officers with brown paint.

Greek riots

Extreme measures: Masked rioters set fire to a car during the demonstration
Greek riots

Force: Hundreds of police were deployed during the protests

Shopkeepers along the demonstration route hastily rolled down their shutters, while a few blocks away, people sat at outdoor restaurants, nonchalantly continuing their meals.

Tear gas wafted through the city center's streets, sending businessmen in suits scurrying for cover, their eyes streaming.

Minor clashes also broke out in the northern city of Thessaloniki, where about 14,000 people marched through the center.

Fears of a Greek default have undermined the euro for all 16 countries that share it, putting the Greek government under intense European Union pressure to quickly show fiscal improvement.

It has announced a raft of savings through public sector salary cuts, hiring and pension freezes and consumer tax hikes to deal with its ballooning deficit, but the measures have led to a new wave of labor discontent.

The cutbacks, added to a previous austerity plan, seek to reduce the country's budget deficit from 12.7 percent of annual output to 8.7 percent this year. The long-term target is to bring overspending below the EU ceiling of 3 percent of GDP in 2012.

The new plan sparked a wave of strikes and protests from labour unions whose reaction to the initial austerity measures had been muted.

Greek riots

Violence: Baton-wielding riot police clash with demonstrators in Athens

Greek riots

Target: A rioter sets fire to entrance of a hoteis

Thursday's strike shut down all public services and schools, leaving ferries tied up at port and suspending all news broadcasts for the day.

However, some private bank branches were open despite calls from the bank employees' union to participate in the strike.

While their colleagues clashed with groups of protesters, some police joined the demonstration.

About 200 uniformed police, coast guard and fire brigade officers, who cannot go on strike but can hold protests, gathered at a square in the center of the city shortly before the marches got under way.

'The police and other security forces have been particularly hard hit by the new measures because our salaries are very low,' said Yiannis Fanariotis, general secretary of one police association.

Joining the protest 'doesn't feel strange, because we are working people like everybody else and we are all shouting out for our rights,' he said.

The government says the tough cuts are its only way to dig Greece out of a crisis that has hammered the common European currency and alarmed international markets - inflating the loan-dependent country's borrowing costs.

But unions say ordinary Greeks are being called to pay a disproportionate price for past fiscal mismanagement.

'They are trying to make workers pay the price for this crisis,' said Yiannis Panagopoulos, leader of Greece's largest union, the GSEE.

'These measures will not be effective and will throw the economy into deep freeze.'

A general strike last Friday was marred by violence during a large protest march. Riot police used tear gas and baton charges against rock-throwing protesters, who smashed banks and storefronts, while left-wing protesters roughed up Panagopoulos as he was addressing a rally.

The labour unrest could spark fears that the government will have trouble in implementing its new measures.

Greece insists it doesn't need a bailout, and its European partners are reluctant to fund one.

But it has called for European and international support for its program, saying that unless it receives that support and the cost for it to borrow on the market falls, it might have to appeal to the International Monetary Fund for help.

On Wednesday night, Deputy Prime Minister Theodore Pangalos said Greece could bypass the costly process of borrowing from edgy markets by urging international institutions to buy its bonds at a set interest rate.

'We want, if there is an unjustified speculative attack against Greek bonds, to know that one of these institutions that have the substantial means to absorb such market products will come and say "look here, I am buying Greek bonds at this price, with this interest rate,"' Pangalos told private Mega TV.

He did not say which institutions he was referring to, or elaborate on the interest rate.

Markets think some kind of rescue would be organised if default looms. Speculation has focused on possible guarantees for Greek bonds or help from state-owned banks in other eurozone countries.

Read more: http://www.dailymail.co.uk/news/worldnews/article-1257243/Greek-riots- Up-60-000-people-streets-protest-government.html#ixzz0hzqUzd3G

[kathaksung]

629. Attack the Euro (3/13/2010)

Since Iran abandons dollar for Euro in its oil trading, a weak Euro would significantly hit Iran's economy. I saw in each attempt to have a war on Iran, it used to be followed with a plot to hit the Euro. The typical samples were: In January 2007, Russia had a dispute with Belarus and shut off the oil pipe for several days. In August 2008, Russia invaded Georgia where there was gas pipe line to Europe. In both events, if the crisis broadened, The oil and gas to Europe would have been cut. The European's economy would have been hurt and Euro would have depreciated. So would be Iran.

See "462. The collapse of Euro and worldwide economic crisis (1/20/07)", and "565. Georgia war and Russia, their role in Iran war (8/19/0"

The resource to sabotage the Euro by the failures of energy supply exhausted. The plan to have war on Iran doesn't go through yet. What's next? We see the international financial speculators again.

You may have noticed that started from later January, the financial crisis of Greece became a hot topic in media. In article "The Bond Vigilantes who left Greece in Ruins" (Business Week 2/22/2010), the writer says, "On Feb.10, striking labor unions shut down schools.....

As of Feb. 10, European officials seemed to be angling for a compromise plan to aid Greece but on such harsh terms that no one else would want such a deal. .....

In the month through Feb.10, the yield on the Greek government's three-month bills soared from less than 1% to 4%....."

The timing reminded me of the Feb. 13 Chinese New Year's dinner plot. The Greek's financial problem was created for that plot. If the 2/13 plot went through, then there would be "terror attacks" which would have justify the war on Iran. At the same time Iran would have suffered a blow in its finance too - a devalued Euro. All these didn't go true because the 2/13 plot went soured.

Who created that crisis? In a meeting with President Obama on Mar.9, Greek Prime Minister George Papandreou called for a clampdown on financial speculators he blamed for worsening his country's situation. Who are those international speculators? Goldman Sach was picked up particularly: "Goldman stars in this Greek tragedy - The firm's currency and bond deals for Greece have drawn fire" (Business Week 3/1/2010)

Russia had disputed over its neighbor countries(Belarus, Ukraine, Georgia) with attempt to shut down the oil and gas supply to Europe. Now it's the PIG'S four countries. (Greece, Ireland, Portuguese and Spain). They will appear in turn to pull down the Euro once there comes a renewed Iran war plot.

[conspiracy analyst]

Cuts in wages and pensions have been announced so far.
Yet to be fully implemented.
Increasing pension age to 67... is one of the IMF demands

More on the crisis...

http://www.dailymail.co.uk/news/worldnews/article-1268630/Greece-hit-n ew-riots-pressure-grows-quit-euro.html

Will spread to the rest of the Eurozone...
http://www.moneyandmarkets.com/greek-domino-topples-rest-of-the-piigs- next-38895?FIELD9=1

Either which way the IMF will now have influence on the Euro which is what the Americans wanted now that Iran trades oil in Euros, which is what hedgefund banksters were interested in...

[fish5133]

Just speaking to my brother who has a Greek girlfriend, who works for the greek govt. She has had to take a 20% pay cut and the Govt is planning a whole restructuring of the country into small "states"

[conspiracy analyst]

[conspiracy analyst]

A run on the euro is still occuring...

http://business.timesonline.co.uk/tol/business/markets/europe/article7 109209.ece

[scienceplease 2]

[TonyGosling]

Goldmans hitting back you think?
Not impossible...........

Debt crisis: European markets fluctuate as financial turmoil spreads to Spain
Credit-rating downgrade for Spain by Standard & Poor's wipes out markets' recovery on hopes of Greek bailout
http://www.guardian.co.uk/business/2010/apr/28/europe-debt-crisis-bail out-markets

Stock markets suffered another rollercoaster ride today as hopes of a bailout for debt-laden Greece were countered by fears that the country's financial turmoil could spread elsewhere in Europe.
After a pessimistic start, markets had begun to recover during the day as European politicians and International Monetary Fund (IMF) officials scrambled to hammer out an agreement on financial support for Greece. But the ratings agency Standard & Poor's threw a late spanner in the works by downgrading Spain's debt just before the London market closed, sending investors rushing for the exit again.......

[conspiracy analyst]

Who is Standard and Poor?
The Arthur Anderson (those who created accounts for Enron) of the bond markets.
They upgrade the debt when they are about to sell it to other institutions then they set bets that it will be downgraded and they get Standard and Poor to downgrade it and win their bets.

This is the 'free market'. Heads I win tails you lose....

Bankers Said ‘Anything’ to Get High Rating, S&P Ex-Analyst Says

*
The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Elliot Blair Smith
Bloomberg
April 26, 2010

Just past midnight on May 3, 2005, Standard & Poor’s analyst Chui Ng e-mailed co-workers to broker a solution to demands by Goldman Sachs Group Inc. bankers that he said violated two or more of the ratings company’s internal guidelines.

Goldman Sachs was adding $200 million in debt at the “last minute” to a $1.5 billion bond pool called Adirondack Ltd., Ng wrote. That meant the New York investment bank would originate 13 percent of the pool itself, two-and-a-half times the 5 percent limit set by S&P.



Goldman Sachs also balked at Ng’s request to pay in advance for an insurance policy known as a credit default swap, which was being used to create the additional debt obligation.

The e-mails from Ng, who negotiated a compromise on Goldman Sachs’s requests, provide a rare window into the back-and-forth between the bank and a rating company assessing the risks in a financial product linked to subprime mortgages. The exchange was among 581 pages of private communications released last week by Senate investigators.

http://www.bloomberg.com/apps/news?pid=20601087&sid=amAvyzN2iJww&pos=6


Something funny amid the gloom and doom...

[TonyGosling]

Looks like a hung parliament will be good for us and bad for Goldman Sachs and the IMF. The battle lines are being drawn between 'us' and 'them'.

[conspiracy analyst]

[scienceplease 2]

http://www.nytimes.com/2010/04/30/business/30case.html

[Disco_Destroyer]

[conspiracy analyst]

The politicians know the Yanks created this post-war Europe with the Marshall Plan and NATO.

Its the Yanks who are bringing it down with the connivance of these same politicians.
The pretence that Goldman is being taken to court is done to manoeuvre away suspicion as to who is behind the collapse of the Euro and soon Sterling. There must be no other safe havens away from the dollar

The statement below has just come in from the newswires...

[The Watcher]

There has never been a more pertinent time to buy Gold!

Gold will hit $1250oz very soon and will probably reach $1500oz by year end.

Chart

Just a few short years ago, Gordon Brown was instructed to sell the UK Gold reserves at £250oz

The Watcher

[conspiracy analyst]

Some illuminating comments on Newsnights economics blog by posters as to what is occurring... Worth a read.


10. At 9:24pm on 02 May 2010, Costas68 wrote:

If these measures dont stop the speculative attacks on the Euro, then the amount of the bailout will have to increase over the course of the week. What is strange is that the British bond markets are to open 1 am on Friday to give an automatic live verdict on the outcome of the election. Factor into this that the leader of the Christian SocialUnion of Germany said 'Greece should seriously consider leaving the Eurozone' and the information that the Eurocurrency has country based codes in the information on them that the public can read, then if these measures fail, the break-up of the Euro will occur. Sterling will be hit next...


13. At 10:01pm on 02 May 2010, Jericoa wrote:

#10

It is going to be quite a day on Friday!

As far as I know the eurozone governments will have to unanomously vote for the bail out package by Friday also or it can not go ahead.

Is that right Paul?

How likely is it to get through that even?

Any analysis on that?

Any governments likely not to vote for it?

Maybe the subtext to all this is that in the background discussions in the corridors of power they have already decided, it is better to be seen to have tried and failed to keep Greece in the eurozone, than not to have tried at all.

Thats democracy folks!!

14. At 10:11pm on 02 May 2010, DebtJuggler wrote:

'If Greece is not bailed out then banks will lose money - principally French and German banks and hence it will be necessary to bail out banks once again. This may be more palatable to the domestic population but the economic effect is the same.

It makes little difference anyway because next up are Portuguese, Spanish, Irish and Italians. Too big to fail will become too big to bail. Again we are all in the same tunnel, and the only escape from that tunnel is debt repudiation. Look at South America it shows the way out - the only way out.

"Most people prefer to believe their leaders are just and fair even in the face of evidence to the contrary, because most people do not want to admit they do not have the courage to do anything about it. Most propaganda is not designed to fool the critical thinker, but only to give moral cowards an excuse not to think at all." - Michael Rivero'

http://www.bbc.co.uk/blogs/newsnight/paulmason/2010/05/after_night_of_ rage_greece_awa.html#comments

[conspiracy analyst]

Jokes from the financial crisis


Since McDonalds arrived in Greece, it was inevitable junk status would arrive


What’s the definition of optimism?
An Investment Banker ironing five shirts on a Sunday evening.



What’s the difference between the BBC’s business editor Robert Peston and God?
God doesn’t think he’s Robert Peston.

I talked to my bank manager the other day and he said he was going to concentrate on the big issues from now on. He sold me one outside Boots yesterday.



Record unemployment levels have been announced today as the credit crunch tightens its grip. Icelandic bank robbery is reported to be among the worst hit sectors.



What do you call five hedge fund managers at the bottom of the ocean?
A good start.



A man went to his bank manager and said: ‘I’d like to start a small business. How do I go about it?’
‘Simple,’ said the bank manager. ‘Buy a big one and wait.’



The credit crunch is getting bad, isn’t it? I mean, I let my brother borrow a tenner a couple of weeks back, it turns out I’m now Britain’s fourth biggest lender.



Resolving to surprise her husband, an investment banker’s wife pops by his office. She finds him in an unorthodox position, with his secretary sitting in his lap. Without hesitation, he starts dictating, “…and in conclusion, gentlemen, credit crunch or no credit crunch, I cannot continue to operate this office with just one chair!”


There are two worldwide standing jokes today: Greek statistics and European solidarity.



Greek Debt Explained in 4 Minutes...
http://videosift.com/video/The-Greek-Debt-Crisis-Explained-in-Four-Min utes

Max Kaiser on Greek Debt Crisis
http://www.youtube.com/watch?v=5RKaRjDF7j0&feature=player_embedded

[TonyGosling]

Now Europe is tasting what the IMF have been doing to third world countries for decades.
I haven't heard any historical background on Structural Adjustment or IMF riots from the BBC.

Greek strikes test government austerity plans
Reuters
Tuesday, 4 May 2010

Thousands of Greek public sector workers converged on parliament today to protest tough new austerity measures in the first big test of government resolve to implement deep budget cuts to win billions of euros in aid.
Government ministries, tax offices, schools, hospitals and public services were shut down for a rally of civil servants organised by the country's main public sector union ADEDY.
Private sector workers will join in tomorrow, shutting down transport in major cities and grounding flights at airports in the third joint walkout since the start of the year, when worries about Greece's swollen debt and deficit levels turned the country into a target of financial markets.
"These government measures are destroying my life," said Panagiota Katsagani, a 25-year-old part-time school teacher who said she would lose her job. "I was planning my future, now I have to go back and live with my parents."
http://www.independent.co.uk/news/world/europe/greek-strikes-test-gove rnment-austerity-plans-1961812.html

[TonyGosling]

[conspiracy analyst]

How the IMF Dismantled Yugoslavia

by Michel Chossudovsky worth a read....

http://www.albionmonitor.com/9904a/yugodismantle.html

This record is currently being replayed. This time the epicentre is Greece. By freezing and cutting wages whilst inflation is being allowed to rip, depression economics will hit the Greek economy. The presence of 2-3 million foreign born nationals in a declining economic environment may lead to the type of ethnic strife that hit Yugoslavia. Merkel announced tonight that sanctions should be placed by the EU to all countries that have broken the EU's economic indices.

http://www.reuters.com/article/idUSLDE6440HH20100505

The leader of the German Social Democrats stated the following:

"What we are experiencing here ... is not a Greece crisis, it is a bit more than that, it is the biggest test for European integration since the Treaties of Rome."

The EURO will disintigrate if the speculative attacks continue unabated...the break up of Greece may then arrive on the agenda as a price worth paying to keep the contagion limited or its expulsion from the EU.

[Marigold]

In view of what's currently happening in Greece it's only a matter of time before it reaches us and having said this, time really is of the essence. We all need to get off our lazy asses, bin the * jobs consuming our valuable protesting time and start organising towards rebuttal and demonstration.
I am sick of giving myself excuses that I can't do this because of work or I can't do that because of something else. I was going to organise a We are Change East Yorkshire, but binned it because I had second thoughts. The nightmare of what has been predicted is now more than real and I feel a sense of serious urgency now. I just wish others would wake up in the everyday world and see past this pathetic false image given by our system, media and politicans that our vote really makes a difference.
It makes no f****** difference and the only change now is active demonstration and an increasingly effective media outlet of real news which will help wake others up.
For me, the recent Greek crisis is the catalyst for action!

[TonyGosling]

what cobblers - the street demos are important but not the only way

I actually met a Greek Finance minister back in 2000 in the Drachma days. Very nice guy.
The Greek Treasury should be printing money - Quantitative Easing - like our Darling has been doing.
Maybe the Nazi Euro crats won't let them.

Anyway the NWO have carefully checked all the possible avenues for national governments to keep their economies from the vultures and bloodsuckers and shut them off.
Bribed them into the Euro then used it to cut off their blood supply.
Sort of afia drug dealers tactics.
IMF and European Central Bank are the new Nazis.

Globalisation is the new totalitarianism - Vandana Shiva.