TEENAGE RIOT: ATHENS - Documentary Video!
An extremely interesting documentary from VICE network about the recent riots last month in Athens: On the eve of the biggest Greek strike since the right-wing junta was overthrown almost three decades ago, VICE travels to Athens to meet up with the people ...
CATASTROIKA: Privatization goes public (Video - A must see...)
On April 26, 2012 at 20:00 let’s turn off the TV and turn to an alternative source of information. The creators of Debtocracy, a documentary viewed by millions of people around the world, present their new production, entitled CATASTROIKA. They analyze the ...
We Are All Greeks - Protests of solidarity all around the world!
Solidarity protests for Greece are organized in many European countries for this Saturday! People will protest against economic crisis and its effects on the Greek society. As noted in an online call to the international audience, the austerity measures that the ...
DEBTOCRACY - a documentary produced by the audience
“Debtocracy” is a documentary that seeks the causes of the Greek crisis and proposes solutions, hidden by the government and the dominant media. Watch it below with English subtitles: [youtube 1_yTriIJa9I] Debtocracy website: http://www.debtocracy.gr/indexen.html
I, too, am Greek ! Solidarity with the Greek people !
Thousands of ordinary European citizens have joined their voices to the "Movement of Nantes." demanding double nationality! People all across Europe who want to express their support to Greece during this difficult period of crisis, started the "Movement of Nantes" and ...
The Shock Doctrine - Documentary (A Must See...)
An important documentary based on Naomi Klein’s 2007 book, The Shock Doctrine. A study of disaster capitalism, based on Naomi Klein’s proposition that neo-liberal capitalism feeds on disasters, war and terror in order to establish its dominance. Today Greek society seems ...
17th November Celebration in Greece
Every year, on the 17th of November, Greeks but especially Greek students memorialize the students’ revolt against the colonels’ junta. Students prepare school celebrations, and a big march starts at the Athens Technical University and ends in the American Embassy, ...Greece Debt Free!
Greece Debt Free is nonprofit, non-political and non-governmental organization that uses donations to buy Greek government bonds in international markets at prices much lower than the amount owed by the Greek government. Greece Debt Free aims to reduce the debt, helping to wipe clean the nation's slate.
As GDF's website states:
GDF is fully transparent and operates under the laws of the State of Delaware. It is subject to U.S. Charitable Foundation laws, which exclude it from political influence. It has no employees, is run by volunteers and concerned patriots, and its operating expenses are negligible.
The Greek national debt affects all of us in different ways. Understanding that Greek national debt is being bought and sold by financial speculators at prices lower that what we owe is important.
Eurogroup releases 130 billion euro bailout loan to Greece!
After many hours of negotiations, the Eurozone finance ministers reached an agreement this morning, for the "haircut" of Greek debt by 53.5%.
In addition the second support package of 130€ billions was also approved by the Euro-group.
It should be noted that the "haircut" was much lower than the 70% that initially discussed and the exchange of the bonds will start in the next few days.
With the new support package of 130€ billions, the Greek debt will be formed in 2020 to 120.5% of GDP, slightly above the 120% which countries such as Germany, the Netherlands and the IMF wanted.
The EU Summit decisions
The EU Summit decisions are presented below as reported by capital.gr:
The new European Agreement will comprise of Eurozone’s 17 member states and six more nations however not all of 27 EU countries, according to the President of European Council Herman Van Rompuy.
Van Rompuy and Christine Lagarde stated that the countries will give supplemental funds of €200 billion to the IMF.
In addition, the President of European Council said that the EU member states will present their draft budgets to the European Commission. He also admitted that the intergovernmental agreement encounters obstacles, but a extensive agreement could not be achieved at this time.
Wolfgang Schaeuble : ‘Greece will temporarily relinquish some of its sovereignty!’
Four days after the EU decision on Greece's dept, Finance Minister Wolfgang Schaeuble gave an interview on the Sunday version of Der Spiegel magazine.
In his interview, Mr. Schaeuble said that "In exchange for continued and more long-term assistance from the members of the euro zone, Greece will have to take tough measures and temporarily relinquish some of its sovereignty".
Almost 60% of Greeks negative on EU summit deal
Almost 60% of Greeks have replied negatively regarding the EU decision that reduced the Greek debt. The majority of Greek people believe that it causes harm to the society, based on a poll on Saturday.
The study was conducted just after Thursday's summit arrangement for the 130 billion euro bailout package.
Possible haircut above 50 percent
Eurogroup head Jean-Claude Juncker revealed today that there are talks a haircut of the Greek debt greater than 50 %. Moreover, French newspapera claimed there's also an agreement with banking institutions for a cut between 50 and 55 %.
Heading to the Ecofin meeting of EU economy and finance ministers in Brussels, the Luxembourg Prime Minister mentioned that there have been negotiations about the value reduction of Greek state bonds over 50%, however avoided giving a exact reference to the exact haircut rate which is discussed.
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