Sunday, July 5, 2015

Lord Stirling's News Blog EUROPE



 Lord Stirling's News Blog EUROPE

Holy Shroud of Turin

  Powerful prayer to St. Michael the Archangel - video ~ link
AVE MARIA - by Helene Fischer - video ~ link
ORTHODOX CHERUBIM HYMN - video  ~ link  
AVE MARIA by Perry Como - video ~ link 

Pray for Peace

On the Road to the Third World War

Armageddon also means that the Second Coming of Christ is near

Greek Crisis: Greek voters overwhelming REJECT the bailout offer ~ link ~ link ~ linkGOOD!!!  Stirling  
Figures published by the interior ministry showed 61% of those whose ballots had been counted voting "No", against 39% voting "Yes".

Greece's governing Syriza party had campaigned for a "No", saying the bailout terms were humiliating

Over 61% of Greeks voters say NO ~ link
I know a number of Greeks, they are good but tough people.  I am glad they told the Global Banksters to "go to Hell"!  Stirling  

Holland and Merkel call for a EU Summit after Greece "NO" vote ~ link
German Chancellor Angela Merkel and French President Francois Hollande have called for a summit of the European Union following the rejection of another tough austerity package in return for fresh bailout loans by the majority of the Greeks.

The Sunday’s calls were made after 61 percent of the Greeks opposed an austerity package by the country’s international lenders, according to two-thirds of the ballots counted so far.

Syriza: Playing a Double Game on Greece? ~ link ~ Time will tell.  Stirling

Greeks Flood Syntagma Square to Celebrate NO Vote - photos and videos ~ link  ~ link 

Greek Referendum - Live Updates ~ link ~ This is from The Guardian newspaper site in London. Lots of photos.  Stirling  

Greek "Nuclear Options": Print Euros; Parallel Currency; Nationalize Banks ~ link
All of which of course, is meant to suggest that there is no formal way to expel Greece from the Euro and only a slow (or not so slow) economic and financial collapse of Greece is what the Troika and ECB have left as a negotiating card. 

However, this cuts both ways, because while Greece and the ECB may be on the verge of a terminal fall out, Greece still has something of great value: a Euro printing press. 

It may not get to there: according to Telegraph's Ambrose Evans Pritchard who quotes what appears to be a direct quote to him from Yanis Varoufakis, Greece will, "If necessary... issue parallel liquidity and California-style IOU's, in an electronic form. We should have done it a week ago."

Greece - What You Are NOT Being Told By The MSM ~ link ~ Do take the time to read all of this one at the link!  Stirling 

Every single mainstream media has the following narrative for the economic crisis in Greece: the government spent too much money and went broke; the generous banks gave them money, but Greece still can’t pay the bills because it mismanaged the money that was given. It sounds quite reasonable, right?

Except that it is a big fat lie … not only about Greece, but about other European countries such as Spain, Portugal, Italy and Ireland who are all experiencing various degrees of austerity. It was also the same big, fat lie that was used by banks and corporations to exploit many Latin American, Asian and African countries for many decades.

Greece did not fail on its own. It was made to fail. In summary, the banks wrecked the Greek government and deliberately pushed it into unsustainable debt so that oligarchs and international corporations can profit from the ensuing chaos and misery.


Greece has rejected bailout terms with a resounding "No." Since no alternative has been prepared, this is like a sky diver rejecting his parachute. 

If the Germans call their bluff, the euphoria will quickly turn to consternation. Greeks are playing a game of chicken.

"Were Varoufakis the man he pretends to be before his Greek countrymen, he would have set forth a strategy of Greek exit from the Euro and a strategy akin to that of Iceland to declare a debt moratorium, freeze all debt repayments to the Troika-IMF, ECB and EU. Then he would put Greece on a national currency, impose capital controls and seek strong economic ties with Russia, China and the BRICS countries."
- See more at:
Greece has rejected bailout terms with a resounding "No." Since no alternative has been prepared, this is like a sky diver rejecting his parachute. 

If the Germans call their bluff, the euphoria will quickly turn to consternation. Greeks are playing a game of chicken.
- See more at:
More Sellside Reactions to Greek Referendum ~ link ~  

Today, Greeks sent a resounding message to Brussels, Frankfurt, and Berlin that they are not willing to acquiesce to further humiliation at the hands of creditors and that, even if it means braving the economic abyss in the short-term, the country is determined to salvage a better tomorrow from what, after today's referendum, are the smoldering ashes of Greece's second bailout program.

Now, a stunned sellside — which had, over the past three months, very carefully tweaked their base cases to reflect the growing risk of Grexit — is scrambling to explain to nervous clients what happens next.  

Defying Troika: Greek People Chose 'Democracy Over Fear' with their NO Vote on Austerity Fascism ~ link

But Tsipras, after casting his vote in the working-class district Kypseli, said the vote was about nothing less than the future of Greece—and Europe.

“Today is a day of celebration, because democracy is a celebration, it is joy,” he told reporters. “And when democracy overcomes fear and extortion, then it becomes a redemption and a way out. The Greek people today send a very strong message. A message of dignity and determination. The message that they hold a choice in their hands. No one can ignore the will of a people to live. To live with determination and take their life in their own hands.”

Marine Le Pen applauds Greek Victory over EU Oligarchy ~ link ~  

Ten days ago, before Varoufakis even announced his stunning break of negotiations with the Troika and proceeded to engage in a referendum which perhaps more symbolically than anything else just said a resounding "No" to the status quo, we said to Forget Grexit, "Madame Frexit" Says France Is Next: French Presidential Frontrunner Wants Out Of "Failed" Euro. 

Because while the ECB could at least in theory contain the Grexit fallout with a few hundred billion in bond (and stock, since Europe is pretty much fresh out of bonds it can monetize) purchases, it will not be able to halt the contagion once it spreads to Italy, Spain and Portugal. But once it reaches France, and Marine Le Pen engages in the same type of negotiations with the Troika as Greece just did, it's all over.

Greek PM calls Emergency Meeting for Bank Liquidity ~ link ~ Three words to remember: Russia, China, BRICS!  Stirling 

Congratulations Greece: for the first time you had the chance to tell the Troika, the unelected eurocrats, and the entire status quo establishment, not to mention all the banks, how you really felt and based on the most recent results, some 61% of you told it to go fuck itself. 

Now comes the hard part. 

Because at this point, with Greek banks all of them effectively insolvent, it is all up to the ECB: should Mario Draghi now announce an increase in the ELA haircut or pull it altogether as the ECB did with Cyprus, then a Greek deposit haircut bloodbath ensues. And judging by the latest news out of Market News, this is precisely what Tsipras is focusing on.

Greek Referendum: NO - Here's what it means ~ link

There are no provisions in Greek or European law for a country to leave the Eurozone, and consequently there is no formal publicly known procedure for doing it. But Joseph Gagnon, a monetary and currency expert at the Peterson Institute for International Economics, has laid out the steps that would be necessary.


Eurogroup In Shock ~ link

Just out from Reuters:

 The 'Big Lie' of the Eurocrats ~ link

Life Outside The Euro Has Worked Just Swell For Romania, Bulgaria, Poland, Turkey, The Czech Republic Etc.



Anonymous said...

Mrs Nuland, nee Nudelman, is involved in this process.

She is, like Lagarde, a member of THE TRIBE.

Anonymous said...

Is the lady sure?

She does not know Germans.

Just do an Internet research about: Einsatzgruppen.

The German nationalists know how to handle issues like this.

Alain DENIS said...

just an illusion? ??
America's Demise

a lot of military trucks and movements Inside u.s.a.

“We are looking for crisis actors for a government emergency drill between July 4-6th. Actors will be responsible for portraying different emergency scenarios in a simulated government terror drill. No experience is needed. Confidentiality agreements are required. Pay is $200. Please message for details.” ~Houston Craigslist

and so on...