The Euro Summit statement (or Terms of Greece's Surrender - as it will go down in history) follows, annotated by yours truly. The original text is untouched with my notes confined to square brackets (and in red). Read and weep.
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In his first interview since resigning, Greece's former Finance Minister says the Eurogroup is “completely and utterly” controlled by Germany, Greece was “set up” and last week’s referendum was wasted.
The Greeks and the U.S. working poor endure the same deprivations because they are being assaulted by the same system—corporate capitalism. There are no internal constraints on corporate capitalism.And the few external constraints that existed have been removed.
The LA-based Center for the Study of Political Graphics highlights weekly topical political graphic art as well as serves as an important archive of political graphics and organizer of traveling exhibits. "Reclaiming the Power of Art to Educate and Inspire People to Action."
If you really worry that the U.S. might turn into Greece, you should focus your concern on America’s right. Because if the right gets its way on economic policy — slashing spending while blocking any offsetting monetary easing — it will, in effect, bring the policies behind the Greek disaster to America.
Economic assistance under the Marshall plan was important to both countries, but it was the granting of debt relief that made a difference to the Germans. After World War II, Germany not only received direct transfers of money - aid through the Marshall plan. Far more important than the $1.4bn was the granting of debt relief at the London conference of 1953.
Greece’s young voters rejected the bailout package drawn up by creditors by around 2 to 1. Analysts had predicted that the ballot could be swung by the youth vote, with some polls suggesting that 80 per cent of young Greeks would vote against the plan.
Yanis Varoufakis Resigns - Greek Referendum Will Stay in History As A Unique Moment When a Small Nation Rose Up Against Debt-Bondage.
The social savagery called austerity could never produce the result it was ostensibly intended to deliver because the negotiations were never about economics, but about regime change. So stated the International Union of Food and Allied Workers in a statement issued prior to the successful "no ' vote on Sunday. IUF called for increased union solidarity for Syriza and the Greek people.
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