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A Greek Tragedy: Act III; Eurozone Talks Break Down

Duane Campbell; AP; Theo Ioannou, Reuters Portside
An austerity crisis continues to be imposed by European bankers on Greece, Spain, Italy and Portugal, among others. A catastrophe on the scale of the Great Depression has been forced upon Greece for over five years under the deceptive description of a bailout. Now the banks are demanding even more, with German Chancellor Angela Merkel saying that Germany will not be blackmailed by Greece, demanding a deal before financial markets reopen next Monday.

Tidbits - June 25, 2015 - The Racial Divide; Take Down the Flag; Charleston Massacre; Greek Debt; Israeli Nukes; BDS; and more...

Portside
Reader Comments: The Racial Divide; Take Down the Flag; Call It What It Is, Or Be Complicit; The Charleston Massacre - A Hate Crime; Racial Violence in America; Greek Debt Truth Committee - Debt Cannot and Should Not Be Paid; American Century has Plunged the World into Crisis; Rachel Dolezal; Israeli Nukes; BDS is costing Israel big money; Alexander Hamilton and Andrew Jackson; Announcement - Celebration of Danny Schechter's Life

Preliminary Report of Greek Parliament Debt Truth Committee - Debt Cannot and Should Not Be Paid

Debt Truth Committee, Hellenic Parliament Committee for the Abolition of Third World Debt
The Hellenic Parliament established the Truth Committee on Public Debt mandating the investigation into the creation and growth of public debt, and the impact the conditionalities attached to the loans have had on the economy and the population. All the evidence we present shows Greece not only does not have the ability to pay this debt, but also should not pay this debt because the debt is a direct infringement on the fundamental human rights of the residents of Greece

Joseph Stiglitz, Thomas Piketty and Other World-Renowned Economists Demand End to Greek Austerity

Martin de Bourmont In These Times
26 top world economists say austerity is not working, won't and can't. The future of the EU is at stake in the negotiations between Greece and its creditor institutions, now close to a climax. To avoid failure, concessions will be needed from both sides. From the EU, forbearance and finance to promote structural reform and economic recovery, and to preserve the integrity of the Eurozone.

Europe at a Crossroads; Greece Puts Off IMF Payment; Call for Solidarity by European Left

Alex Tsipras Le Monde
Europe is at a crossroads..the decision is now not in the hands of the institutions...but rather in the hands of Europe's leaders. Which strategy will prevail? The one that calls for a Europe of solidarity, equality and democracy, or the one that calls for rupture and division? If some think or want to believe that this decision concerns only Greece, they are making a grave mistake. I would suggest that they re-read Hemingway's masterpiece, For Whom the Bell Tolls.

The Real Thing: An Anti-austerity European Government

James K. Galbraith Social Europe
What is at stake in Greece goes very far beyond merely financial questions. It goes beyond the question of the fate of a small and historically very badly governed country with weak institutions that has suffered abominably in the wake of the crisis over the last five years...It goes even beyond that very grave situation...It goes beyond that to the future of Europe and beyond that, to the meaning of the word democracy in our time.

Reading The Greek Deal Correctly

James K. Galbraith Social Europe
"Alexis Tsipras stated it correctly. Greece won a battle - perhaps a skirmish - and the war continues. But the political sea-change that SYRIZA's victory has sparked goes on. Greece has already changed; there is a spirit and dignity in Athens that was not there six months ago. Soon enough, new fronts will open in Spain, then perhaps Ireland, and later Portugal, all of which have elections coming. It is not likely that the government in Greece will collapse." *

Europe: What Is To Be Done?

Conn M. Hallinan Dispatches From The Edge
The Greek election was a warning that, while wealth and political power may be related, they are not the same thing: Governments can be overturned. Europe needs answers. The Greek crisis is a crisis of the entire EU. To one extent or other, every country - even Germany, the EU's engine - is characterized by falling or anemic wage growth, increasing economic inequality, spreading deflation, and an overall decline in living standards.
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