Official: Tsipras given „mental waterboarding“ over reform plans; The Guardian, 12.07.2015, 19:24 local time

Von: „Martin Zeis“ <Martin.zeis>
Datum: 12. Juli 2015 21:16:56 MESZ
An: gc-special-engl%Martin.zeis
Betreff: Official: Tsipras given „mental waterboarding“ over reform plans; The Guardian, 12.07.2015, 19:24 local time

The Eurogroup is going fascist — I’m po’d, Martin Zeis

The Guardian, 12.07.2015, 19:24 local time
Official: Tsipras given „mental waterboarding“ over reform plans

Alexis Tsipras was given a very rough ride in his meeting with Tusk, Merkel and Hollande, our Europe editor Ian Traynor reports.

Tsipras was told that Greece will either become an effective “ward” of the eurozone, by agreeing to immediately implement swift reforms this week.
Or, it leaves the euro area and watches its banks collapse.

One official dubbed it “extensive mental waterboarding”, in an attempt to make the Greek PM fall into line.

An unpleasant image, that highlights just how far we have now fallen from those European standards of solidarity and unity.

Ian Traynor

‪#greece‪ merkel/holland session with tsipras said to resemble ‚extensive mental waterboarding‘ – top official
8:14 PM – 12 Jul 2015
‪403 403 Retweets
‪77 77 favorites
Ian Traynor

‪#greece#euco tsipras‘ choice – a ward of the eurozone or on yr own, banking collapse, euro-less
8:15 PM – 12 Jul 2015
‪70 70 Retweets
‪10 10 favorites


Martin Zeis
globalcrisis/globalchange NEWS

The Greek „Choice“: Hand Over Sovereignty Or Take Five Year Euro „Time Out“, zerohedge, 12.07.2015

Von: „Martin Zeis“ <Martin.zeis>
Datum: 12. Juli 2015 20:03:29 MESZ
An: gc-special-engl%Martin.zeis
Betreff: The Greek „Choice“: Hand Over Sovereignty Or Take Five Year Euro „Time Out“, zerohedge, 12.07.2015
zerohedge, 12.07.2015 —

The Greek „Choice“: Hand Over Sovereignty Or Take Five Year Euro „Time Out“

For those who missed today’s festivities in Brussels, here is the 30,000 foot summary: Europe has given Greece a „choice“: hand over sovereignty to Germany Europe or undergo a 5 year Grexit „time out“, which is a polite euphemism for get the hell out.

As noted earlier, here are the 12 conditions laid out as a result of the latest Eurogroup meeting, which are far more draconian than anything presented to Greece yet and which effectively require that Greece cede sovereignty to Europe, this time even without the implementation of a technocratic government.

  1. Streamlining VAT
  2. Broadening the tax base
  3. Sustainability of pension system
  4. Adopt a code of civil procedure
  5. Safeguarding of legal independence for Greece ELSTAT – the statistics office
  6. Full implementation of autmatic spending cuts
  7. Meet bank recovery and resolution directive
  8. Privatize electricity transmission grid
  9. Take decisive action on non-performing loans
  10. Ensure independence of privatization body TAIPED
  11. De-Politicize the Greek administration
  12. Return of the Troika to Athens (the paper calls them the institutions… for now)

One alternative, generously presented to Greece, is for the country to put some €50 billion of assets – the best ones – in escrow to creditors. A more polite was of putting would be a Greek secured loan. This is how the Luxembourg FinMin Pierre Gramegna laid it out:

„A few new ideas were added to the table, especially one which is very important for some member states, which is that Greece would put a portion of its assets into a company that would be more independent from Greece.“

„More independent“ from Greece and „more dependent“ to Berlin.

Greece would place about €50 billion of state assets into an i n d e p e n d e n t c o m p a n y. (1) Those assets could serve as collateral against aid loans, Gramegna says. „It would act as a kind of guarantee. There is great hesitation from the Greek side and now the heads of state and government have to choose.“

„It would be a company structure based in Luxembourg, which would be managed from Greece with supervision by the European Commission and by the European Investment Bank. It would remain in Greek hands but it would create more assurances if it was known that a lot of assets were in this company.“
„If one knows that the third bailout package would cost more than EU80B, one understands that countries are urging for some guarantees from Greece.“

In other words, Greece is told to set aside a quarter of its GDP for Europe to do as it sees fit, and which can be „seized“ if Greece is seen as veering away from its third bailout promises again.

And since Greece has no option but to promise everything and the moon, it will surely comply hoping that it is once again allowed to promptly forget all the promises as soon as it pockets some of that €86 billion in new bailout funds just to unlock the €120 billion in deposits held hostage in Greek banks by the ECB, even if the resulting debt will push Greek debt/GDP well above 200%.

Why?Because the alternative is, and we quote… „In case no agreement could be reached, Greece should be offered swift negotiations on a time-out from the euro area, with possibly debt restructuring.“

Note m.z.
(1) The „independent company“ reminds me of the German TREUHAND, after the assassination of her first president Detlev Karsten ROHWEDDER (on April 1, 1991) dispossessing all sorts of assets of the previously incorporated German Democratic Republic for the benefit of various industrial, financial, assurance trusts and all sorts of criminals in the Federal Republic of Germany (i.e. West-Germany), since 1949 self-declaring as legal successor of the Third Reich.

Martin Zeis
globalcrisis/globalchange NEWS

MH17 – another BUK on another Day

Mainstream media start to acknowledge Kiev lied about not having jet fighters in the air. Good moment to look at alternative Buk narratives.

Broken BukBroken Buk at Ukrainian airbase A-1428 in Avdeevka (source)

Written and originally posted by: H

An Alternative Track Trail

At this moment the ¨track trail theory¨ (= the theory which states a Russian crew dragged a Buk system on a Volvo truck through rebel controlled territory to Snizhne to shoot down MH17 by mistake) has been appointed by the Joint Investigation Team as ¨most important scenario¨ regarding the origins of the MH17 disaster. This theory is supported by a trail of photos, videos and eyewitness accounts published at social media, allegedly showing the transport of a BUK installation to a launch site and back over the Russian border.

The theory is not indisputable. Several severe doubts arise when taking…

Ursprünglichen Post anzeigen 4.831 weitere Wörter

Wladimir Putin about Greece’s crisis, their fundamental problems underlieing and Russia’s capability and will of assistance; July 10, 2015

Dear all,

in the course of last months Western media suspected bad plots behind the Putin-Tsipras-meetings/conversations, which compelled Jeroen René Victor Anton Dijsselbloem, president of the EUROgroup, warning the Greek government to call enemies (!!) on (financial) support.
Follwing a statement, Wladimir Putin made about Greece’ crisis, their fundamental problems underlieing, the proceedings of the EU (institutions) and Russia’s capability and will of providing some form of assistance.

Martin Zeis
News conference by Vladimir Putin following the BRICS and SCO summits, July 10, 2015 16:20

Vladimir Putin gave a news conference following the BRICS and Shanghai Cooperation Organisation summits in Ufa.

E x c e r p t

Question: Darya Stanislavets, RIA Novosti, Prime. Greece is going through a serious crisis. It has not yet reached an agreement with its creditors. You met with Mr Tsipras [Greek
Prime Minister Alexis Tsipras] in St Petersburg and spoke to him on the telephone after the referendum. Did Athens ask Russia for financial assistance? Did Russia promise such assistance? Is Russia able and willing to provide such assistance given its own economic difficulties? Could such assistance be provided, for example, by the New Development Bank?“ Also, what do you personally think about the Greek creditors’ proposals? If you were in Mr Tsipras’s shoes, would you accept or reject them?

Vladimir Putin: Russia of course can provide assistance to its partners no matter what. Despite Russia’s economic difficulties, the fundamentals of our economic situation today are such that we are in a position to do this. What’s more, we do provide it to certain countries.

Regarding Greece, we have a special relationship of spiritual kinship and religious and historical affinity with it. However, Greece is an EU country, and within the bounds of its obligations, it is conducting rather complicated negotiations with its partners in united Europe. Mr Tsipras has not asked us for any assistance. This is only natural, because the figures are too high.

We know what is on the table, and fundamental decisions have to be taken. This is not even a matter of money. It is a matter of economic development principles and the principles of resolving these problems with their partners in the foreseeable future. We have already said – I have said it in public – that of course the Greeks can be blamed for everything but if they committed violations, where was the European Commission? Why did it not correct the activity of previous Greek governments? Why did they grant bonuses and loans? Why did they allow it to keep such a low profile on taxation in certain sectors of the economy? Why were there such big subsidies for the islands? And so on and so forth. Where were they earlier? So, there is something to discuss, and the Greek government has something to argue about.

Furthermore, when one powerful currency is used in a number of countries with different levels of economic development, then the country is unable to regulate either its finances or its economic situation via currency mechanisms. Greece cannot devalue the euro, can it? It’s impossible.

It does not have this tool or the possibility of drawing more tourists, while tourism is one of Greece’s principal industries – in the context of its obligations within the Schengen zone. It has to limit its agricultural production because it has to stay within the quotas set by Brussels, and it has to limit fishing and many other things. In other words, there are limitations but there are also advantages in EU membership, related to soft loans, bonuses and so on. This, however, is the sovereign choice of the Greek leadership and the Greek people. This does not directly affect us but indirectly, of course, it affects all of Europe and Russia, despite the fact that we are not an EU member, because we have extensive trade and economic ties with Europe, while Europe is our number one trade and economic partner. Naturally, we are watching this very closely and with a certain measure of anxiety, but we still hope that the crisis will be resolved in the very near future.