Search Results for: greece

Europe’s economic suicide

Dismissing the propaganda-like vision of growth and jobs that is now at the forefront of any and every word from the status-quo seekers that are the European Elite, England’s Nigel Farage notes the hypocrisy of the forthcoming summit’s agenda. The Euro itself was supposed to create growth and jobs and …

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7,000 police deployed in Greece for Merkel’s visit

German Chancellor Angela Merkel

Greek police are preparing to close down large sections of the Athens to contain protests against German Chancellor Angela Merkel, who is visiting the city on Tuesday for talks with the country’s Prime Minister, Antonis Samaras. Authorities issued permits for only two of the planned protests. At least 7,000 police …

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Greek unemployment surges to 24.4 per cent

Greek unemployment

GREECE’S unemployment rate surged to 24.4 per cent in June, according to official figures, as protests continued against a massive new austerity package, with police blocking their colleagues from starting work. The Greek Statistical Authority said on Thursday the number of people out of work in June rose by 34,000 …

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Pro-bailout party wins parliamentary elections in Greece

New Democracy Antonis Samaras

Greece’s pro-bailout New Democracy party has narrowly won the country’s parliamentary elections by securing 29.7 percent of the vote, the Interior Ministry says. The anti-bailout far left Syriza party garnered 26.9 percent of the ballots to come in second in the Sunday elections, the ministry said. The results showed that …

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Greece back to the Drachma?

Traders around the world have been staring at their Bloomberg screens, hardly believing their eyes. The electronic information platform has been showing details for possible Greek Drachma trading. The Bloomberg helpdesk described it as “an internal function which is set up to test.” The news comes in the wake of the …

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‘Leave Euro, reclaim your democracy!’ Nigel Farage to Tsipras

Nigel Farage speech Euro EU

UKIP leader Nigel Farage gave a rousing speech in front of the European Parliament in Strasbourg today during which he directly told Greece’s Prime Minister Alexis Tsipras to lead the Greek people out of the Eurozone and reclaim the country’s democracy. Farage told Tsipras that his country should have never …

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Youth unemployment in Greece hits 58%

Greece EU

Greek unemployment rose to 25.4pc in August. Youth unemployment rose to 58pc. Under the official forecast, the economy will contract by a further 4.5pc next year, so it fair to assume that lots more people are going to lose their jobs. It is certainly not going to improve in any …

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Leaked: Troika requires 6-day working week in Greece

A leaked email sent to the Greek Ministries of Finance and Labor from the Troika says Greek private sector workers should work six days a week and longer hours. The letter, which was published on August 31, shows that the Troika expects the Labor Ministry to implement a number of …

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Chaos in Athens: Greece takes austerity protests to new level

Protest austerity Greece

Demonstrators and police clashed in Athens Wednesday, with tens of thousands gathering to protest in front of the Greek parliament. Demonstrators threw Molotov cocktails, while police used water cannons, tear gas and batons to disperse the crowd. A bus stop and kiosk were set on fire, according to RT correspondent …

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This is Europe’s scariest chart

Youth Unemployment Europe

Surging Greek and Portuguese bond yields? Plunging Italian bank stocks? The projected GDP of the Eurozone? In the grand scheme of things, while certainly disturbing, none of these data points actually tell us much about the secular shift within European society, and certainly are nothing that couldn’t be fixed if …

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Greek bank run update: €100-€500 million per day

Five days ahead of the Greek parliamentary re-vote, the media propaganda machine has gone mute due to the moratorium on the RAND() known as popular polling: forgotten are the days when Syriza’ popularity rating would swing from -100 to +100 in the span of hours, Diebold notwithstanding. Which leaves the …

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Punk Economics: Part 4

The Punk Economics series by Irish economist David McWilliams is a great way to get up to speed as to what is going on with the world economy in a quick, fun and easy to digest manner. Here’s part 4: [youtube height=”400″ width=”550″]http://www.youtube.com/watch?v=NHjLO_cw5iE[/youtube]   Click here to catch part 1, 2 and 3 from …

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Anti-Austerity Anger: Greeks take to streets

Greece police protest

Thousands have taken to the streets throughout Greece to protest the drastic budget cuts proposed by the government. Minor scuffles with riot police took place in Thessaloniki after some youths set rubbish on fire and burned an EU flag. In Athens some 2,000 pensioners marched through the city to protest …

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Millions across Europe protest banker induced austerity

Europe austerity protest

Massive anti-austerity strikes and protests swept across Europe as millions took to the streets to express their frustration over rising unemployment and dire economic prospects. Many rallies ended with violent clashes with police. Workers marched in 23 countries across Europe to mark the European Day of Action and Solidarity. General …

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Iceland: a silver bullet for the world economic crisis

arrest the bankers

Obama is in Mexico for yet another G20 meeting of the international socialist politburo.  We are told the discussions at the meeting are centered on theEuropean economic crisis. The United States government is set to spend about $2.4 trillion this year.  The mainstream propagandists are telling us that if Spain and Greece fold on …

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Globalist plan: European Union police state lockdown

European Union apparatchiks are preparing to lockdown Europe following Greece’s exit. From the Associated Press today: Olivier Bailly said Tuesday that, legally, limits could be imposed on movement of people and money across national borders within the EU if it’s necessary to protect public order or public security — but not on …

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Punk Economics: world economics made fun and easy

The Punk Economics series by Irish economist David McWilliams is a great way to get up to speed as to what is going on with the world economy in a quick, fun and easy to digest manner. So without further ado let’s get started…. For more information on David McWilliams …

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