The US is going down a similar road as that taken by Greece and Portugal with regard to its budget decisions, John E. Silvia, chief economist at Wells Fargo, said on Wednesday. “To me—being in Europe for a few days—the plot in Greece and Portugal sounds an awful lot like the same plot that’s going […]
On Saturday, process won out over substance in the reaction to the agreement by leaders of the eurozone on measures to combat the European debt crisis. Since there was so much advance speculation that no agreement could be reached, the very fact that the leaders reached an agreement touched off a wave of financial optimism. […]
Minister says country can’t take in anymore illegal immigrants; says barrier will be similar to wall built on US-Mexico border. Greece announced that it plans to build a wall along its border with Turkey to keep out illegal migrants, according to news reports Saturday. Citizen Protection Minister Christos Papoutsis said “Greek society has reached its […]
American Secretary of State Hillary Clinton was reported to have remarked that it was difficult to negotiate with one’s banker in reference to America’s relationship with China. A large chunk of China’s $3,000,000,000,000 of reserves is in dollars. America’s huge indebtedness provides China with an advantage in negotiations with the United States. Of course, the […]
If you had plans to take a holiday in Greece, my advice would be to switch those plans. The following video is much more violent than protests we have seen in the past. Athens is looking more like a war torn city, also this week Riots in Moscow Russia over immigration concerns. Riots on this […]
One more socialized medicine horror story. Greece a member of the European Union will cut your foot off if your diabetic instead of paying for a specialized boot. Don’t say it can’t happen in the USA under Obamacare, the Greeks thought it couldn’t happen there either. This Saturday, one of Greece’s most respected newspapers, To […]
The stories of Greek unrest that came to a head this past summer shocked the world. There, people had become so dependent upon government programs that when parliament tried to dismantle the welfare state, left-wing terrorist and anarchist groups lashed out. One “radical leftist group” called Revolutionary Struggle is accused of shooting an Athens police officer […]
By Matt Taibbi – Rolling Stone How the nation’s biggest banks are ripping off American cities with the same predatory deals that brought down Greece If you want to know what life in the Third World is like, just ask Lisa Pack, an administrative assistant who works in the roads and transportation department in Jefferson […]
Tensions Rise in Greece as Austerity Measures Backfire The austerity measures that were supposed to fix Greece’s problems are dragging down the country’s economy. Stores are closing, tax revenues are falling and unemployment has hit an unbelievable 70 percent in some places. Frustrated workers are threatening to strike back. This dire prognosis comes even despite […]
by Tzvi Ben Gedalyahu A “women-only” ship, complete with a nun and a heavily pregnant mother, has cleared political and technical obstacles and is set to sail for Gaza, presenting Israel with a new challenge. The ship is supposed to leave Tripoli by Sunday night, its co-coordinator, Hizbullah-backer Samar al-Hajj, told the London Guardian. Israeli […]
