England independance party WANTS OUT!! 54 BILLION POUNDS IS THE NEXT PAYMENT TO THE EU…
ATHENS, Greece — An anti-austerity demonstration by more than 80,000 people in Athens degenerated into violence Wednesday as hundreds of protesters clashed with riot police before a crucial parliamentary vote on new spending cuts.
The vote is the toughest test yet for the country’s fragile four-month-old coalition government, which must pass the (EURO)13.5 billion ($17 billion) package [...]
Greece’s political impasse continues and president Karolos Papoulias is expected to ask politicians to allow a government of technocrats to help Greece avoid bankruptcy at 2 p.m. today. But the leftist Syriza party has rejected the proposal.
Greece’s president will ask politicians on Tuesday to stand aside and let a government of technocrats steer the nation away from bankruptcy, but leftists have already rejected the proposal and look set to force a new [...]
by Tyler Durden
The only saving grace of the earlier horrendous Greek parliamentary vote was that, based on very preliminary results New Democracy and Pasok would be able to form a coalition government with precisely 151 seats needed in parliament to give them status quo powers. However, according to a more recent re-rack of the votes (New Democracy 18.9%, 108 seats, Pasok 13.4%, 41 seats, Syrizia: 16.6%, 51 seats, and all others), this assumption is now [...]
February 28, 2012
Monday’s German parliamentary vote on the second bailout package for Greece has been overshadowed by a rift within Chancellor Angela Merkel’s center-right coalition about the wisdom of granting fresh aid, with Interior Minister Hans-Peter Friedrich saying Greece should be encouraged to leave the euro.
In an interview with SPIEGEL published on Monday, Friedrich said: “Greece’s chances to regenerate itself and become competitive are surely greater outside the monetary union [...]
European officials rushed to finalise details of a €130bn Greek bail-out on Monday amid signs Germany and its eurozone allies may not be prepared to approve the deal at a finance minsters’ meeting on Wednesday, despite Athens backing new austerity measures.
Senior European Union officials said they believed Greece had met the demands of the troika of international creditors – the European Commission, International Monetary Fund, and European Central Bank [...]
UPDATE: Greece’s parliament has approved the crucial debt bill, the AP reports.
AP’s earlier story is below:
ATHENS, Greece — Demonstrators set buildings ablaze and fireballs lit up the night sky in Greece’s capital on Sunday amid widespread rioting before a historic parliamentary vote on harsh austerity measures designed to prevent the country from going bankrupt.
The clashes erupted after more than 100,000 protesters marched to the parliament to rally against the drastic cuts, [...]
Click image for more photos
MOSCOW (AP) — Prime Minister Vladimir Putin strongly criticized U.S. Secretary of State Hillary Rodham Clinton on Thursday, accusing her of encouraging and funding Russians protesting election fraud, and warned of a wider Russian crackdown on dissent.
By describing Russia’s parliamentary election as rigged, Putin said Clinton “gave a signal” to his opponents.
“They heard this signal and with the support of the U.S. State Department began their active work,” Putin said [...]
Source: Reuters // Reuters
* Ruling party expected to lose Duma control in polls
* Putin says party results will determine if Medvedev will be PM
By Darya Korsunskaya
MOSCOW, Dec 1 (Reuters) – Russia’s ruling tandem of President Dmitry Medvedev and Prime Minister Vladimir Putin campaigned together on Thursday, pledging pay rises three days before an election that will most likely see the ruling party lose its majority in parliament.
Sunday’s parliamentary vote is [...]
(Reuters) – Italian Prime Minister Silvio Berlusconi suffered a huge humiliation in parliament on Tuesday in a vote that indicated he no longer had a majority and ratcheted up pressure on him to resign.
Berlusconi’s government won a key budget vote after the opposition abstained but obtained only 308 votes compared with an absolute majority in the lower house of 316 votes.
Pier Luigi Bersani, leader of the main opposition Democratic Party, [...]
1) Italy Yield Surge Sets Berlusconi on Bailout Path
“Italy’s record bond yields are sending the nation down the same path taken by Greece, Portugal and Ireland in the days before they were forced to seek rescues.
Italy’s 10-year notes traded above 5.5 percent for 40 days before breaching the 6 percent mark on Oct. 28 and reaching as much as 6.68 percent today. The bailed-out nations followed a similar trajectory, consistently [...]
“Every day that the euro zone crisis continues is a day that has a chilling effect on the rest of the world economy.
“Britain will not contribute to the euro zone bailout fund and we are clear that the IMF will not contribute to the euro bailout fund either.
“Global action cannot be a substitute for concerted action by the euro zone to stand behind their currency.
“The very worst thing would be [...]
The debt crisis in the eurozone is causing a growing backlash from voters towards their governments in many of the 17 member states, with fears rising about the impact of the euro on daily life and economic activity, according to a new poll for the Financial Times.
The shock decision by George Papandreou, Greek prime minister, to call a referendum on the latest Greek rescue package to save his government, is [...]
By James G. Neuger and Tony Czuczka - Oct 20, 2011
European governments may unleash as much as 940 billion euros ($1.3 trillion) to fight the debt crisis, seeking to break a deadlock betweenGermany and France that is forcing leaders to hold two summits within four days.
Negotiations on combining the European Union’s temporary and planned permanent rescue funds as of mid-2012, while scrapping a ceiling on bailout spending, accelerated this week after efforts to [...]
(Reuters) – Allowing Greece to default on its debt now would destroy investor confidence in the euro zone and might spark contagion like that experienced after the bankruptcy of Lehman Brothers in 2008, German Chancellor Angela Merkel said on Sunday.
“We need to take steps we can control,” Merkel said, drawing a parallel between the Greek situation and that of Lehman, whose bankruptcy helped trigger the [...]
From Gold Core
Gold Reaches $1,900 Again – Supported by Risk of U.S. Recession, German Euro Risk and Wikileaks China Gold Cables
Spot for immediate delivery rose to $1,903.00/oz as the dollar and all currencies fell against gold in early European trading. Risk aversion has returned due to concerns about the US and global economy and Eurozone contagion.
Gold is trading at USD 1,890.50, EUR 1,339.10, GBP [...]
Troubled Greece is being crippled by a huge nationwide strike. Hundreds of thousands of workers are protesting ahead of a parliamentary vote on a harsh set of tax hikes and spending cuts. 28 billion euro worth of cuts are needed before the EU agrees to hand Greece another cash bailout. It’s considered to be the country’s last resort to avoid becoming the first Eurozone [...]
The BBC’s Jon Sopel: “The overwhelming smell is one of tear gas”
Police have fired tear gas in running battles with stone-throwing youths in Athens, where a 48-hour general strike is being held against a parliamentary vote on tough austerity measures.
Thousands of protesters have gathered outside parliament in the capital where public transport has ground to a halt.
PM George Papandreou has said that only his 28bn-euro (£25bn) [...]
Athens, Greece (CNN) — Greek unions have declared a 48-hour general strike next week to protest new austerity measures set to be voted on by the Greek Parliament, one of Greece’s biggest umbrella unions told CNN Thursday.
The strike will take place Tuesday and Wednesday, the General Confederation of Workers of Greece (GSEE) said.
Greece’s Parliament is due to vote on a tough five-year package of tax increases and [...]
From Market News: “Portugal’s President Anibal Cavaco Silva is prepared to accept the resignation of Prime Minister Jose Socrates and is getting ready to call an election to choose a new government, Portuguese daily Jornal Publico reported on its website Wednesday evening….The political instability that would ensue from a collapse of the government, combined with market tensions that have pushed Portuguese ten-year bond yields [...]
By News Wires (text)
Tens of thousands of protesters hit the streets of Belgrade Saturday calling for political reform and threatening further demonstrations if early elections are not held ahead of a scheduled May 2012 parliamentary vote.
AFP – Tens of thousands of protesters took to the streets of Belgrade on Saturday for a major opposition rally calling for the government to call early elections or risk [...]
Got to give them credit, they are protesting for such a minor thing, at this point we should be at war with wall street, bankers, and all parties involved.
Stunning Videos Of French Austerity Protests
France’s refineries are shut, schools are closed and travel is halted or delayed as labor unions launch widespread work stoppages ahead of Wednesdayâ€™s parliamentary vote on the countryâ€™s pension system. The unions oppose a government [...]