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Greece: money and support only for the banks

The Greek banks have been bailed out with billions exceeding 90% of country's GDP since 2008. When citizens suffer from heavy taxes, unemployment strikes the Greek society, Greek economy faces deep recession and Greeks sink in poverty, it appears that Greek governments do have money, but only for the banks. Billions were given in bailouts, but no one knows where the money went and how they were exploited. The only thing that is certain is that they didn't go where they should go: to the real economy. by Vangelis Triantis In October 2008, the situation in Greek economy was far away from today's picture. The Greek economy was growing and the first signs of the global financial crisis appeared shyly. The then minister of finance, George Alogoskoufis, announced a bailout package of 28 billion euros for the banks in order to face competitiveness problems, in other words, to face liquidity problems and secure the deposits. Next to him was sitting the governor of

Troika lenders to Greece: what if you don't pay not a single pension in 2014? (!!!)

According to the newspaper "Eleftheros Typos", the troika lenders have sent an e-mail to the ministries of Labour and Finance, which is beyond imagination! Through this e-mail to the ministries, troika asks to estimate the amount that the insurance funds would save, in case that they would not pay not a single new pension in 2014! This means that, even as exercise, Troika is considering the possibility of freezing payments for pensions for an entire year - even if the pensioners have given, during their working years, every euro that they receive now - in order to reduce insurance funds deficits. It is worth to remember that the troika had dictated the closing of three state industries through an email in September without compensation for the fired personnel! ( http://failedevolution.blogspot.gr/2013/09/latest-news-from-occupied-greece-troika.html ) The Greek experiment hides much more surprises. Neoliberal dictatorship if forcing the violent return

Η εισβολή των εταιρειών

Οι μεγάλες εταιρείες προσπαθούν να διαλύσουν κάθε κρατικό έλεγχο και πολιτικές δημοσίου συμφέροντος προκειμένου να αυξήσουν τα κέρδη τους σε συνθήκες πλήρους απορρύθμισης μέσω της συμφωνίας TTIP/TAFTA της Lori Wallach Σκεφτείτε τι θα γινόταν αν οι ξένες εταιρείες μπορούσαν να μηνύσουν άμεσα τις κυβερνήσεις, απαιτώντας αποζημιώσεις για απώλειες κερδών λόγω αυστηρής εργασιακής και περιβαλλοντικής νομοθεσίας. Μπορεί να ακούγεται παρατραβηγμένο, αλλά αυτή ήταν μια διάταξη που υπήρχε στην Πολυμερή Συμφωνία για τις Επενδύσεις (ΜΑΙ), μια προβλεπόμενη συνθήκη μέσω μυστικών διαπραγματεύσεων την χρονική περίοδο μεταξύ 1995 και 1997, από τις 29 χώρες-μέλη του ΟΟΣΑ εκείνη την εποχή. Τα νέα γι'αυτή τη συμφωνία βγήκαν έγκαιρα στην επιφάνεια και προκάλεσαν ένα πρωτόγνωρο κύμα διαδηλώσεων και εκτροχιασμού των διαπραγματεύσεων. Σήμερα η ατζέντα έχει επιστρέψει. Από τον περασμένο Ιούλιο, η Ευρωπαϊκή Ένωση και οι Ηνωμένες Πολιτείες διαπραγματεύονται για το Υπερατλαντικό Εμπόριο

Neoliberal dictatorship responsible for the growing inequality in Greece

The destructive applied policies lead to an impoverished society while enhancing plutocracy Spain is in the first place, another country of the eurozone periphery which suffers from the destructive neoliberal policies Greece holds one of the worst positions in European level concerning income inequality, as the gap between the richest and the poorest people in the country has broadened according to the Hellenic Statistical Authority data released on Monday. Greece is in the second place behind Spain according to the S80/S20 index and the gap inequality is getting bigger. The Hellenic Statistical Authority (ELSTAT) announced data on inequality in income distribution, based on the available results of the 2012 Survey on Income and Living Conditions of Households (EU-SILC), with reference income period the year 2011. Income inequality is mainly depicted by the indicators S80/S20 (income quintile share ratio) and the Gini coefficient (income inequality distri

When Monti bowed to banksters

Α short story of how a country can be loaded with 40 billion euros additional debt in just one day In February 2012, the new Italian president, Mario Monti, meets with the president of one of the largest Italian banks in his office. The banker said to Monti, directly, that his bank issued private bonds of 40 billion euros total value. "Certainly Mr. President, as everyone knows our bank's difficult position, no one will buy them unless you give us Italian state surety". "You say that the Italian taxpayers must guarantee for your new huge debts?", said Monti with surprise for the audacity of the banker. "That's exactly what I'm saying, Mr. Monti", said the banker, confirming his audacity. "Through the state surety I will be able, even today, to deposit these bonds at the ECB and get fresh money. Otherwise, the bank will not open tomorrow, the country will fall in chaos and you government will collapse". This is r