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September 24, 2017, 10:45:16 pm Psalm 51:17 says: The specific rule pertaining to the national anthem is found on pages A62-63 of the league rulebook. It states: “The National Anthem must be played prior to every NFL game, and all players must be on the sideline for the National Anthem. “During the National Anthem, players on the field and bench area should stand at attention, face the flag, hold helmets in their left hand, and refrain from talking. The home team should ensure that the American flag is in good condition. It should be pointed out to players and coaches that we continue to be judged by the public in this area of respect for the flag and our country. Failure to be on the field by the start of the National Anthem may result in discipline, such as fines, suspensions, and/or the forfeiture of draft choice(s) for violations of the above, including first offenses.”
September 20, 2017, 04:32:32 am Christian40 says: "The most popular Hepatitis B vaccine is nothing short of a witch’s brew including aluminum, formaldehyde, yeast, amino acids, and soy. Aluminum is a known neurotoxin that destroys cellular metabolism and function. Hundreds of studies link to the ravaging effects of aluminum. The other proteins and formaldehyde serve to activate the immune system and open up the blood-brain barrier. This is NOT a good thing."
http://www.naturalnews.com/2017-08-11-new-fda-approved-hepatitis-b-vaccine-found-to-increase-heart-attack-risk-by-700.html
September 19, 2017, 03:59:21 am Christian40 says: bbc international did a video about there street preaching they are good witnesses
September 14, 2017, 08:06:04 am Psalm 51:17 says: bro Mark Hunter on YT has some good, edifying stuff too.
September 14, 2017, 04:31:26 am Christian40 says: i have thought that i'm reaping from past sins then my life has been impacted in ways from having non believers in my ancestry.
September 11, 2017, 06:59:33 am Psalm 51:17 says: The law of reaping and sowing. It's amazing how God's mercy and longsuffering has hovered over America so long. (ie, the infrastructure is very bad here b/c for many years, they were grossly underspent on. 1st Tim 6:10, the god of materialism has its roots firmly in the West) And remember once upon a time ago when shacking up b/w straight couples drew shock awe?

Exodus 20:5  Thou shalt not bow down thyself to them, nor serve them: for I the LORD thy God am a jealous God, visiting the iniquity of the fathers upon the children unto the third and fourth generation of them that hate me;
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« Reply #300 on: June 13, 2012, 08:04:33 pm »

Greek Bank Run Update: Up To $1 Billion A Day Now
13 June 2012, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/greek-bank-run-update-1-billion-day-now

Yesterday, we did an update of the Greek bank jog, when noting that between €100-€500 million per day was being withdrawn from Greek banks based on Kathimerini reports.

24 hours later the jog has become a trot with the most recent estimate from Reuters now estimated at nearly double:

"Combined daily deposit outflows from the major Greek banks have reached 500-800 million euros over the past few days, with the pace picking up as the election draws closer and rising noticeably on Tuesday, two bankers said."

This is roughly $1 billion a day in the upper case, and a number that is approaching 0.5% of the entire documented €170 billion (now likely much less) deposit base.


--------------------------------------------------------------------------------
Deposit outflows at smaller and medium sized banks were running at 10-30 million euros.

"This includes cash withdrawals, wire transfers and investments into money market funds, German Bunds, U.S. Treasuries and EIB bonds," said one banker, who spoke on condition of anonymity.

Fears that Greece may have to quit the single currency and return to a weak drachma have fuelled a steady stream of withdrawals by companies and businesses alarmed at the prospect of seeing the value of their deposits cut sharply.

The result of the election, called after a previous vote in May failed to produce a government, remains too close to call, with the conservative New Democracy party running neck and neck with radical leftist SYRIZA.

Both groups say they want Greece to remain in the single currency but SYRIZA has pledged to scrap a 130 billion euro bailout agreement signed in March which has imposed some of the toughest austerity measures seen in Europe in decades.

--------------------------------------------------------------------------------

At the daily rate of doubling the "estimate" by Friday the trot will be an all out sprting and Greece will be experiencing a $4 billion in outflows. We wonder which banks will have any cash left at that point.

How much of this is fact, and how much pre-election rumormongering to scare people from voting against Syriza remains to be seen.

Due to the polling moratorium it is impossible to get any grasp of which is the most popular party in Greece currently, even if the polls that had been released had the accuracy of an Excel random number generator.
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« Reply #301 on: June 14, 2012, 09:54:43 am »

Why the Greek Vote Matters to America: Just Explain It

http://finance.yahoo.com/blogs/daily-ticker/why-greek-vote-matters-america-just-explain-110143421.html

6/14/12

The elections are coming! The elections are coming!
 
Yes, it's an election year in America but the world is going to be watching another vote this weekend in Greece. Rarely does an election in a country as small as Greece have global implications -- Greece produces less than 2% of Europe's GDP. But we live in unusual times.
 
On Sunday, Greek voters will go to the polls to choose not just a new government but whether the country will stay in the Euro zone. The vote could have massive ramifications for the future of the European Union, the financial markets and, by extension, the U.S. economy. Fearing the worst, Greek citizens have been pulling money out of their banks and stocking up on food ahead of the vote, The WSJ reports.
 
What happens in Europe very much matters to America. The European Union is America's largest trading partner and its debt crisis is
 already hurting the global economy and crimping profits of big U.S. multinationals like McDonald's, which generates more than 40% of its revenues from Europe.
 
"In a worst-case-scenario this could precipitate a financial crisis way worse than Lehman Brothers," says Zanny Minton Beddoes, economics editor at The Economist. "That matters to jobs here; stock markets here. [It matters to] average Americans very dramatically."
 
In fact, it's not a stretch to say the Greek vote could help determine the outcome of America's Presidential election in November. That helps explain why President Obama spoke about the Greek election during his press conference last Friday:
 
Quote
"We've said that it is in everybody's interest for Greece to remain in the eurozone while respecting its commitments to reform. We recognize the sacrifices that the Greek people have made.... But the Greek people also need to recognize that their hardships will likely be worse if they choose to exit from the eurozone."

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**Remember Romney visited the Bilderberg meeting last week
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« Reply #302 on: June 14, 2012, 10:54:51 am »

http://finance.yahoo.com/news/european-tipping-point-greece-155431282.html

6/12/12
The European Tipping Point: What Will Greece Do?


How is it that a small nation with only 11 million people and an economy not even one-tenth of the United States could be so important?

Because the stability of the global economy hangs in the balance as Europe awaits the results of the Greek presidential election on June 17. The election is seen as a proxy for a much larger question: Do the Greeks want to stay in the euro zone - or not?

Meanwhile this week European leaders are scrambling to come up with money and a plan for stabilizing Spanish banks.

Even in the midst of the U.S. election season when domestic politics would normally be paramount, President Obama discussed Greece at a recent news conference. "We recognize the sacrifices that the Greek people have made, and European leaders understand the need to provide support if the Greek people choose to remain in the euro zone," he said. "But the Greek people also need to recognize that their hardships will likely be worse if they choose to exit from the euro zone."

It is an unprecedented situation in modern economic times. "For the first time since it began in 1999, one of the 17 nations that use the euro will in essence be deciding whether they want it anymore or not," says Peter Boockvar of Miller Tabak.

If the answer is no, economists and leaders across the world fear a potential "Lehman moment" and the potential unraveling of the entire euro project. The cost to the European economy alone could be as much as Euro360 billion, according to one Wall Street analyst, Patrick Legland of Societe General. If there were a follow-on contagion effect in Italy and Spain, he says European stocks would fall as much as 50 percent, and the damaging results wouldn't be confined to the European continent.

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« Reply #303 on: June 14, 2012, 07:05:41 pm »

Greek Bank Run Update: Up To $1 Billion A Day Now

Want to make a comment on this - while I kind of emphathize with these Greece citizens(b/c the writing is on the wall), at the same time in your opinions, do you think that the NWO minions are doing all they can to instill fear, and ultimately getting them to play INTO THE HANDS of the ENEMY? B/c whatever the outcome will be after the election, having this huge bank run like this will only make matters worse. Less money in the banks mean less money for these banks to give out loans et al to small businesses et al and you know the rest of the story. It was kind of like in 2008 when Henry Paulson and his chronies threatened Congress over declaring Martial Law in America if they didn't pass this bank bailout bill. Guess what - the bank bailout bill only made things MUCH worse(ie-small businesses in particular found it much harder to get loans).

If I were a citizen of Greece, sure, I might do SOME preparation for the weekend, b/c 1Ti_5:8  But if any provide not for his own, and specially for those of his own house, he hath denied the faith, and is worse than an infidel. But going as far as WITHDRAWING EVERYTHING? Not so sure about that.

1Jn_4:18  There is no fear in love; but perfect love casteth out fear: because fear hath torment. He that feareth is not made perfect in love.

1Co 9:25  And every man that striveth for the mastery is temperate in all things. Now they do it to obtain a corruptible crown; but we an incorruptible.
1Co 9:26  I therefore so run, not as uncertainly; so fight I, not as one that beateth the air:
1Co 9:27  But I keep under my body, and bring it into subjection: lest that by any means, when I have preached to others, I myself should be a castaway
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« Reply #304 on: June 14, 2012, 11:29:33 pm »

Another thing - I don't know the % of born again Christians in Greece, however, it sounds like not many of them are putting their trust in the Lord(and believing in what he did on the cross).

While I agree we should all be adequately prepared - if you don't put your trust in the Lord Jesus Christ, it won't matter even if you stock up years worth of stuff.

And for that matter too - it won't matter who wins the Greek elections this weekend. It's all going to come down anyways.

Jer 17:5  Thus saith the LORD; Cursed be the man that trusteth in man, and maketh flesh his arm, and whose heart departeth from the LORD.
Jer 17:6  For he shall be like the heath in the desert, and shall not see when good cometh; but shall inhabit the parched places in the wilderness, in a salt land and not inhabited.
Jer 17:7  Blessed is the man that trusteth in the LORD, and whose hope the LORD is.
Jer 17:8  For he shall be as a tree planted by the waters, and that spreadeth out her roots by the river, and shall not see when heat cometh, but her leaf shall be green; and shall not be careful in the year of drought, neither shall cease from yielding fruit
.

1Sa 8:1  And it came to pass, when Samuel was old, that he made his sons judges over Israel.
1Sa 8:2  Now the name of his firstborn was Joel; and the name of his second, Abiah: they were judges in Beersheba.
1Sa 8:3  And his sons walked not in his ways, but turned aside after lucre, and took bribes, and perverted judgment.
1Sa 8:4  Then all the elders of Israel gathered themselves together, and came to Samuel unto Ramah,
1Sa 8:5  And said unto him, Behold, thou art old, and thy sons walk not in thy ways: now make us a king to judge us like all the nations.
1Sa 8:6  But the thing displeased Samuel, when they said, Give us a king to judge us. And Samuel prayed unto the LORD.
1Sa 8:7  And the LORD said unto Samuel, Hearken unto the voice of the people in all that they say unto thee: for they have not rejected thee, but they have rejected me, that I should not reign over them.
1Sa 8:8  According to all the works which they have done since the day that I brought them up out of Egypt even unto this day, wherewith they have forsaken me, and served other gods, so do they also unto thee.
1Sa 8:9  Now therefore hearken unto their voice: howbeit yet protest solemnly unto them, and shew them the manner of the king that shall reign over them.
1Sa 8:10  And Samuel told all the words of the LORD unto the people that asked of him a king.
1Sa 8:11  And he said, This will be the manner of the king that shall reign over you: He will take your sons, and appoint them for himself, for his chariots, and to be his horsemen; and some shall run before his chariots.
1Sa 8:12  And he will appoint him captains over thousands, and captains over fifties; and will set them to ear his ground, and to reap his harvest, and to make his instruments of war, and instruments of his chariots.
1Sa 8:13  And he will take your daughters to be confectionaries, and to be cooks, and to be bakers.
1Sa 8:14  And he will take your fields, and your vineyards, and your oliveyards, even the best of them, and give them to his servants.
1Sa 8:15  And he will take the tenth of your seed, and of your vineyards, and give to his officers, and to his servants.
1Sa 8:16  And he will take your menservants, and your maidservants, and your goodliest young men, and your asses, and put them to his work.
1Sa 8:17  He will take the tenth of your sheep: and ye shall be his servants.
1Sa 8:18  And ye shall cry out in that day because of your king which ye shall have chosen you; and the LORD will not hear you in that day.
1Sa 8:19  Nevertheless the people refused to obey the voice of Samuel; and they said, Nay; but we will have a king over us;
1Sa 8:20  That we also may be like all the nations; and that our king may judge us, and go out before us, and fight our battles.
1Sa 8:21  And Samuel heard all the words of the people, and he rehearsed them in the ears of the LORD.
1Sa 8:22  And the LORD said to Samuel, Hearken unto their voice, and make them a king. And Samuel said unto the men of Israel, Go ye every man unto his city.
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« Reply #305 on: June 16, 2012, 05:01:31 pm »

http://news.yahoo.com/shock-waves-hit-us-greece-drops-euro-125251139--finance.html

6/16/12

How shock waves will hit US if Greece drops euro

NEW YORK (AP) — The unthinkable suddenly looks possible.

Bankers, governments and investors are preparing for Greece to stop using the euro as its currency, a move that could spread turmoil throughout the global financial system.

The worst case envisions governments defaulting on their debts, a run on European banks and a worldwide credit crunch reminiscent of the financial crisis in the fall of 2008.

A Greek election on Sunday will determine whether it happens. Syriza, a party opposed to the restrictions placed on Greece in exchange for a bailout from European neighbors, could do well.

If Syriza gains power and rejects the terms of the bailout, Greece could lose its lifeline, default on its debt and decide that it must print its own currency, the drachma, to stay afloat.

No one is sure how that would work because there is no mechanism in the European Union charter for a country leaving the euro. In the meantime, banks and investors have sketched out the ripple effects.

They think the path of a full-blown crisis would start in Greece, quickly move to the rest of Europe and then hit the U.S. Stocks and oil would plunge, the euro would sink against the U.S. dollar, and big banks would suffer losses on complex trades.

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« Reply #306 on: June 16, 2012, 09:43:06 pm »

1Th 4:13  But I would not have you to be ignorant, brethren, concerning them which are asleep, that ye sorrow not, even as others which have no hope.
1Th 4:14  For if we believe that Jesus died and rose again, even so them also which sleep in Jesus will God bring with him.
1Th 4:15  For this we say unto you by the word of the Lord, that we which are alive and remain unto the coming of the Lord shall not prevent them which are asleep.
1Th 4:16  For the Lord himself shall descend from heaven with a shout, with the voice of the archangel, and with the trump of God: and the dead in Christ shall rise first:
1Th 4:17  Then we which are alive and remain shall be caught up together with them in the clouds, to meet the Lord in the air: and so shall we ever be with the Lord.
1Th 4:18  Wherefore comfort one another with these words
.

Greece Sinks Into Despair: 'There's Nothing Here Anymore'
15 June 2012, by Catherine Boyle (CNBC)
http://www.cnbc.com//id/47814459

Extreme political uncertainty, rampant corruption, queues forming at soup kitchens, and aid from non-governmental organizations (NGOs)—all these are more commonly associated with countries still developing Western-style economies.

Yet they are now a daily reality for many Greeks, prompting some to mutter that the country is in danger of regressing decades in its development.

“We are moving from being a Western country to a poor country,” George Protopapas, national director of international charity SOS Children’s Villages, told CNBC.

“I’m worried that it’s going to be like in Ceausescu’s Romania or Bulgaria in the early 1990s.”

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« Reply #307 on: June 17, 2012, 01:35:15 pm »

Many have said that the Syriza party(anti-bailout party) would mean an (almost immediate)end to Greece being part of the EU, and ultimately the EU would break up. While others, interestingly enough, have said this party would have saved Greece b/c an exit out of the EU would actually be a fresh start for them and wouldn't hurt the EU.

Regardless of who "wins", it doesn't matter, b/c they are all rigged anyways.


Joh_16:33  These things I have spoken unto you, that in me ye might have peace. In the world ye shall have tribulation: but be of good cheer; I have overcome the world.

http://news.yahoo.com/greek-polls-pro-bailout-conservatives-first-181102327--finance.html

6/17/12

Greek polls: Pro-bailout conservatives in first

ATHENS, Greece (AP) — Updated exit polls predict that Greece's conservative New Democracy party will come in first in an election that is crucial for Europe and the world.

Although no party appears to have won enough seats in Sunday's election to form a new Greek government on its own, the polls indicate the country's two traditional parties — New Democracy and PASOK — will have enough seats to form a coalition together.

The exit poll projected New Democracy as winning between 28.6 and 30 percent of the vote, giving it 127 seats in the 300-seat Parliament. That's ahead of the radical left Syriza party, which is projected to get 72 seats.

The Socialist PASOK party was projected in third with 32 seats.

New Democracy wants Greece to stay in the eurozone while the Syriza has vowed to pull out of Greece's international bailout commitments.
« Last Edit: June 17, 2012, 01:43:54 pm by BornAgain2 » Report Spam   Logged
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« Reply #308 on: June 20, 2012, 12:23:10 pm »

Greek New Democracy, Pasok form coalition: reports
20 June 2012, by Sara Sjolin - London (MarketWatch)
http://www.marketwatch.com/story/greek-new-democracy-pasok-form-coalition-reports-2012-06-20

A deal between the pro-bailout New Democracy party and socialist Pasok has been struck to form a new coalition government following parliamentary elections on Sunday, news reports said.

Details of who the ministers will be are expected to be finalized later Wednesday, according to the reports.

The BBC further said that the small Democratic Left party also is expected to be part of the governing coalition with New Democracy and Pasok.

As the winner of the majority vote in the elections on Sunday, New Democracy had until Thursday to form a government; otherwise the antiausterity Syriza would have had a chance, as it came in second.
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« Reply #309 on: June 22, 2012, 08:43:52 am »

http://www.dailymail.co.uk/news/article-2161651/Starving-Greeks-food-thousands-politicians-finally-form-coalition-government--long-last.html

Starving Greeks queue for food in their thousands as debt-wracked country finally forms a coalition government... but how long will it last?

Queues form as desperate people received food handouts from Crete's farmers
Antonis Samaras sworn in as prime minister as head of conservative-led three party coalition
New coalition vows to renegotiate crippling bailout agreement to ease burden on debt-crippled country
Greek stocks rose marginally in response to the coalition deal
Greece had been effectively ungoverned after two election in six weeks resulted in political stalemate
Country struggling through a fifth year of recession, with unemployment spiraling to above 22 per cent
Leader of Democratic Left says coalition will 'lift those measures that have literally bled society'

By Daily Mail Reporter
PUBLISHED: 09:56 EST, 19 June 2012 | UPDATED: 19:59 EST, 20 June 2012


Read more: http://www.dailymail.co.uk/news/article-2161651/Starving-Greeks-food-thousands-politicians-finally-form-coalition-government--long-last.html#ixzz1yWsjo8Au
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« Reply #310 on: July 14, 2012, 01:31:04 pm »

IMF says Greece 'missed' some bailout targets
12 July 2012, (AFP)
http://www.france24.com/en/20120712-imf-says-greece-missed-bailout-targets

The International Monetary Fund said Thursday that Greece has failed to meet a number of targets in the IMF bailout program, insisting it is too soon to discuss revisions to the plan.

"So far, some targets were met, a number were missed and in some cases we don't have enough of the data to assess" whether different measures may be open to discussion, IMF spokesman Gerry Rice said.

The IMF reiterated it was in discussions with the Greek authorities on the agreed IMF-EU program for €130 billion ($158.3 billion) in rescue financing.

"We're not in the position of negotiating the program's objectives.

They remain the basis for the discussion," the spokesman said at a regularly scheduled news conference.

"But if there are ideas how to better achieve those objectives, we are open to that, as we are in the case of any other program."

The IMF spokesman's comments came a day after the Greek coalition government reiterated its commitment to renegotiate the austerity plan agreed with its EU and IMF creditors.

Rice noted that an IMF fact-finding mission had just ended in Athens and a mission was expected to return to the Greek capital on July 24,

"to commence discussions on, again, how to bring the program fully back on track."

The IMF will issue a report following a review of the findings, he said.

"It's premature to get into which of the different measures might be open to discussion."
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« Reply #311 on: July 17, 2012, 03:27:48 pm »

Greece seeks bridge loan for Aug. bond redemption
17 July 2012, by Val Brickates Kennedy - Boston (MarketWatch)
http://www.marketwatch.com/story/greece-seeks-bridge-loan-for-aug-bond-redemption-2012-07-17

Greece is seeking a bridge loan to cover an upcoming bond redemption next month, according to Dow Jones Newswires on Tuesday.

The roughly €3.1 billion bond, worth roughly $3.79 billion, matures on Aug. 20, and is held entirely by the European Central Bank.

Dow Jones added that euro-zone officials have indicated that Greece would be prevented from defaulting on the payment.
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« Reply #312 on: July 20, 2012, 01:25:26 pm »

ECB: Greek-backed bonds ineligible as collateral
20 July 2012, by William L. Watts - Frankfurt (MarketWatch)
http://www.marketwatch.com/story/ecb-greek-backed-bonds-ineligible-as-collateral-2012-07-20-9911439

The European Central Bank on Friday said debt issued or fully guaranteed by the Greek government will become "for the time being ineligible" for use as collateral in monetary policy operations due to the July 25 expiration of a buyback program.

The ECB said that, "in line with established procedures," its Governing Council would assess the potential eligibility of Greek bonds at the conclusion of an ongoing review of Greece's compliance with its bailout terms by the European Commission, the ECB and International Monetary Fund.

The ECB said liquidity needs may be addressed by the Greek central bank "in line with existing Eurosystem arrangements."
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« Reply #313 on: July 22, 2012, 11:52:32 pm »

http://www.telegraph.co.uk/finance/financialcrisis/9418656/Debt-crisis-Greek-economy-is-in-a-Great-Depression-says-Samaras.html

7/22/12

Mr Samaras's comments come two days before a team of Greece's debt inspectors arrive in Athens to push for further austerity measures if the debt-laden country wants to qualify for further rescue payments and avoid a chaotic default.
 
Athens wants to soften the terms of a €130bn euro bailout agreed last March with the European Union and the International Monetary Fund, to soften their impact on an economy going through its worst post-war recession.
 
Greek GDP is expected by the end of this to have shrunk by about a fifth in five consecutive years of recession since 2008, hammered by tax hikes, spending cuts and wage reductions required by two EU/IMF bailouts. Unemployment climbed to a record 22.6pc in the first quarter.
 
"You had the Great Depression in the United States," Samaras told Clinton, who was visiting Greece as part of a delegation of Greek-American businessmen. "This is exactly what we're going through in Greece - it's our version of the Great Depression."
 
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« Reply #314 on: July 26, 2012, 03:52:22 pm »

http://www.telegraph.co.uk/finance/financialcrisis/9424923/Debt-crisis-Greece-to-run-out-of-money-by-August-20.html

Debt crisis: Greece to run out of money by August 20

 Greece may run out of money and go bankrupt by Aug 20, a British government analysis of the ongoing eurozone crisis has warned
.

The beleaguered country will have to refinance billions of euros worth of government bonds in less than a month and requires international assistance — which may not be forthcoming — to repay the money.
 
International inspectors arrived back in Greece on Tuesday to assess the country’s austerity programme with European officials warning that it was “hugely off track”.
 
David Cameron is now receiving daily written updates on the deteriorating situation and was warned earlier this week that a Greek bankruptcy in the next month is now a serious possibility.
 
Official economic figures to be published today are expected to show that Britain suffered from a third successive quarter of negative economic growth — suggesting that the country is still in recession. If the figures are negative, it will be the longest double-dip recession for more than 50 years.
 
Ministers are expected to blame the continuing economic turmoil in Europe for this country’s failure to recover from the last slump.

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« Reply #315 on: July 26, 2012, 03:59:18 pm »

Greece now in "Great Depression", PM says
22 July 2012, Athens (Reuters)
http://www.reuters.com/article/2012/07/22/us-greece-clinton-depression-idUSBRE86L07L20120722

Greece is in a "Great Depression" similar to the American one in the 1930s, the country's Prime Minister Antonis Samaras told former U.S. President Bill Clinton on Sunday.

http://www.digitaljournal.com/article/329109

EU officials: International Monetary Fund to pull plug on Greece
By Katerina Nikolas
Jul 22, 2012 in World

Athens- Fears that Greece could be forced into bankruptcy in September have been raised by a report that the International Monetary Fund (IMF) is about to pull the plug on providing additional finance to the debt-ridden Mediterranean country.
 
A report to be published in Monday's edition of Der Spiegel claims that the International Monetary Fund (IMF) is considering ending financial aid to Greece. According to Bloomberg the information in the Der Spiegel report was provided by "unidentified European Union officials."

 The report states "High ranking officials at the Fund have informed the European Union that the IMF is no longer willing to provide Greece with more aid.” Apparently the patience of high-ranking IMF officials has worn thin.

...
Read more: http://www.digitaljournal.com/article/329109#ixzz21YpsMSOX
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« Reply #316 on: August 05, 2012, 09:17:05 am »

http://news.yahoo.com/greeces-pledges-epic-battle-implement-091030470--business.html

8/5/12

Greece's new pledges will take epic battle to implement

ATHENS (Reuters) - Greece's latest fiscal and reform pledges may be enough to convince international lenders weary after years of broken promises to keep Athens hooked to a 130 billion euro lifeline, but the battle to implement it will be epic.
 
Few question the new coalition government's resolve but many doubt whether the cantankerous public sector can or will implement the measures or the Greek public, reeling from years of austerity, can take much more without putting up a fight.
 
"The political will is strong, but so are the obstacles - red tape, a demoralized and increasingly underpaid public administration are principal among them," said George Pagoulatos, professor of economics at Athens University.
 
Greek officials say 11.5 billion euros of fiscal measures roughly agreed this week - although more painful for the public - will be easier to implement than the structural changes.
 
Reforms such as liberalizing professions and markets including lawyers and pharmacies, have stumbled on strong union protests. Others, such as cutting red tape for setting up a business, have been stuck in a bloated and ineffective public administration incapable of change.
 
Since it was first bailed out two years ago, Greece has repeatedly fallen behind on reform pledges to its partners, who have threatened to cut off funding at the risk of unraveling the euro.

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« Reply #317 on: August 05, 2012, 09:34:19 am »

http://news.yahoo.com/greece-eyes-t-bills-cover-funding-squeeze-minister-195442035--business.html

8/4/12

Greece eyes T-bills to cover funding squeeze: minister

ATHENS (Reuters) - Greece is leaning towards issuing T-bills to plug a cash squeeze this month as resumption of its bailout funding hinges on a positive assessment by European Union and IMF inspectors, its deputy finance minister told Sunday's Kathimerini newspaper.
 
Cash-strapped and behind targets agreed under a 130 billion euro ($160.4 billion) financial rescue package, Athens faces a 3.2 billion euro bond maturity on August 20.
 
"The situation (with cash reserves) is borderline and will remain so until September when the (EU/IMF/ECB) report will be concluded," Deputy Finance Minister Christos Staikouras told the paper in an interview.
 
"We are managing cash reserves carefully and exploring several solutions, such as an increase in the issuance of T-bills. We will choose the optimal solution in agreement with our partners," he said.
 
Shut out of bond markets, Greece issues T-bills on a monthly basis to refund maturing short-term paper. It needs to roll over 2.6 billion euros of six- and three-month T-bills this month.

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« Reply #318 on: August 07, 2012, 10:50:01 pm »

S&P revises Greece's outlook to negative

8/7/12


NEW YORK (Reuters) - Ratings agency Standard & Poor's on Tuesday revised Greece's outlook to negative, saying the debt-ridden euro zone country could need more help from its international creditors.

"Following delays in implementing budgetary consolidation measures and a worsening Greek economy, we believe Greece is likely to require additional financing for 2012 under the EU/International Monetary Fund (IMF) program," S&P said in a statement.

"We are revising the outlook on the long-term ratings on Greece to negative, reflecting the possibility of a downgrade if Greece fails to secure the next disbursement of the EU/IMF Program," S&P said.

Greece has made progress in finding budget cuts needed to continue its bailout program, but international inspectors said this week that they will return in September to see if the remaining work is done.

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http://finance.yahoo.com/news/p-cuts-greeces-outlook-negative-215643122.html?l=1
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« Reply #319 on: August 11, 2012, 05:05:48 pm »

Greece to revive public servants dismissal plan - source
http://12160.info/profiles/blogs/greece-to-revive-public-servants-dismissal-plan-source
The government's economic team will present details of the plan, once a political taboo in Greece, to the political leaders supporting the ruling coalition


Greece's jobless rate climbed to a new record - underlining how austerity is hitting the economy
http://12160.info/profiles/blogs/greece-s-jobless-rate-climbed-to-a-new-record-in-may-underlining-
Latest data yesterday showed the jobless rate climbed to 23.1 per cent, with nearly 55pc of those aged 15-24 out of work
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« Reply #320 on: August 13, 2012, 08:09:05 pm »

Greece sinks again, more cuts to save bailout in store
8/13/12

http://news.yahoo.com/greece-sinks-again-more-cuts-save-bailout-store-125509777--business.html

ATHENS (Reuters) - Greece's economy shrank 6.2 percent on an annual basis in the second quarter, a slump that is expected to persist as the government scrambles to nail down billions in additional cuts to keep international bailout funds flowing.
 
Currently in its fifth consecutive year of economic depression, Greece is suffering record unemployment with nearly one in four Greeks without a job, undermining efforts to meet revenue targets and reduce the budge
 
Athens is keen to convince euro zone partners and the International Monetary Fund of its will to bring an economic adjustment plan back on track before asking for modifications and more time to spread out the pain of more cutbacks.
 
But the fiscal drag caused by the pursued austerity policies coupled with liquidity constraints and lingering uncertainty is likely to keep recessionary headwinds in full force.
 
"We project GDP to contract by 7.1 percent in 2012 and by 2.4 percent in 2013, on the back of further significant declines in disposable incomes, rising unemployment and plummeting investment activity," Eurobank economist Theodore Stamatiou said.
 
Greece's jobless rate has already climbed to 23.1 percent, with nearly 55 percent of those aged 15-24 out of work, a desperate situation that fed into the popularity of anti-bailout parties in elections earlier this year.
 
The three-party coalition government that emerged after two rounds of polls is working to nail down 11.5 billion euros of savings and plans to revive a labor measure targeting 40,000 public servants for eventual dismissal.
 
Without the additional savings the government's budget will still show a primary deficit of 1 percent of GDP in 2014, well short of a targeted 4.5 percent surplus to help stabilize debt.

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« Reply #321 on: August 14, 2012, 09:19:31 am »

http://www.reuters.com/article/2012/08/13/us-germany-greece-idUSBRE87C09H20120813

Senior Merkel ally sends stark warning to Greece

(Reuters) - A senior member of Chancellor Angela Merkel's party issued a stark warning to Greece on Monday, saying Germany would not hesitate to veto further aid to the country if there were any signs it was not meeting the conditions of its bailout.

The comments, by the deputy parliamentary leader of Merkel's Christian Democrats (CDU) Michael Fuchs, are a sign that frustration with Greece among ruling party lawmakers is nearing the breaking point.

The "troika" of the European Commission, the European Central Bank and the International Monetary Fund is due to decide on the disbursement of the next tranche of money from Greece's 130 billion euro bailout package in September.

"Even if the glass is half full, that won't be sufficient for a new aid package. Germany cannot and will not agree to that," Michael Fuchs told German newspaper Handelsblatt.

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« Reply #322 on: August 14, 2012, 07:57:46 pm »

Greek nonperforming loans on rise
14 August 2012, London (MarketWatch)
http://www.marketwatch.com/story/greek-nonperforming-loans-on-rise-2012-08-14

The spread of bad loans because of Greece's long-running recession threatens the viability of the country's financial system and jeopardizes the already slim chances of success for the country's second bailout deal, senior Greek bankers warned.

Greece asks for more time for budget cuts: report
14 August 2012, by Deborah Levine - San Francisco (MarketWatch)
http://www.marketwatch.com/story/greece-asks-for-more-time-for-budget-cuts-report-2012-08-14

Greece wants two more years to implement its latest austerity program, and will formally ask European leaders for the extra time next week, according to the Financial Times on Tuesday.

The extra time would allow Greece to spread out budget cuts over a longer period as it tries to spur economic growth in order to be able to pay its debts, the report said, citing a document in its position or obtained by the newspaper.
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« Reply #323 on: August 24, 2012, 12:10:10 pm »

No, I don't think this is the case at all where Obama specifically wants this(ie-both parties are controlled by the NWO) - however, with Martial Law October rumors being reported recently, wouldn't surprise us if by October when the next meeting occurs, Greece may be deemed not to meet their bailout requirements, and then once it exits the euro, drastic things will subsequently happen around the world, that Obama may declare Martial Law in this country. I think that's what the context of this article may be talking about.

Yeah, doesn't matter who wins the next election if Greece exits the euro in October, b/c the damage will already be done.


Obama asks eurozone to keep Greece in until after election day

8/24/12

http://www.independent.co.uk/news/world/europe/obama-asks-eurozone-to-keep-greece-in-until-after-election-day-8076852.html

US officials are worried that if Greece exits the eurozone, it will damage President's election hopes

The Obama administration will pressure European governments not to let Greece fall out of the eurozone before November's Presidential elections, British Government sources have suggested.

Representatives from the International Monetary Fund, the European Central Bank and the European Commission are due to arrive in Athens next month to assess Greece's reform efforts.

They are expected to report in time for an 8 October meeting of eurozone finance ministers which will decide on whether to disburse Greece's next €31bn aid tranche, promised under the terms of the bailout for the country.

American officials are understood to be worried that if they decide Greece has not done enough to meet its deficit targets and withhold the money, it would automatically trigger Greece's exit from the eurozone weeks before the Presidential election on 6 November.

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« Reply #324 on: September 14, 2012, 06:28:09 pm »

http://news.yahoo.com/imf-eu-see-more-time-not-more-money-135359892--business.html

9/14/12

IMF, EU see more time, not more money, for Greece

NICOSIA (Reuters) - Greece may get more time to reach financial targets under its 130 billion euro rescue package but probably not more money, its international lenders signaled on Friday, saying a decision had to come by the end of October.
 
Greek Prime Minister Antonis Samaras, leading a country in its fifth year of recession at a time of rising discontent at home, wants two more years to implement economic reforms tied to the bailout to soften their impact.
 
International Monetary Fund Managing Director Christine Lagarde said lenders may now agree to some sort of extension.
 
"There are various ways to adjust: time is one and that needs to be considered as an option," Lagarde told a news conference following a meeting of euro zone finance ministers in Cyprus.
 
Greece's second bailout envisages Athens returning to international markets by 2015, but with two consecutive parliamentary elections in May and June after political parties struggled to form a coalition, the country has lost ground on its reform agenda. Deepening recession has also made the debt targets less attainable.
 
Although the extent of the shortfall will not be known until a report by lenders in October, Greece is unlikely to win back investor confidence quickly and meet its targets, which include a primary surplus of 4.5 percent of economic output in 2014.

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« Reply #325 on: September 26, 2012, 01:02:35 pm »

http://www.nytimes.com/2012/09/27/business/global/daily-euro-zone-watch.html?_r=1

9/26/12

Markets Tumble on Unrest in Greece and Spain

LONDON — Clear signs of the political and social cost of the euro zone crisis sent stock markets tumbling Wednesday as debt-laden Greece faced a crippling 24-hour strike and Spain cleaned up after violent protests Tuesday near the country’s Parliament.

Spanish bond yields approached 6 percent for the first time in months, while European stocks and the euro fell sharply, as developments in Greece and Spain sent a new wave of anxiety through the ranks of international investors.

The Euro Stoxx 50, a measure of euro zone blue chips, closed 2.7 percent lower on Wednesday. National benchmarks were also down, led by the Ibex in Spain, which fell 3.9 percent, and the MIB in Milan, down 3.3 percent.

The euro was at $1.2863, down from $1.2950 late Tuesday in New York.

Spanish bond yields had fallen back from levels thought unsustainable after the European Central Bank announced a plan Sept. 6 to buy the sovereign bonds of debt-strapped euro countries, like Spain and Italy, in amounts sufficient to bring the cost of servicing their debt down to a manageable level.

The renewed spike in borrowing costs indicates that the E.C.B.’s pledge is losing its power to calm markets, at least in the case of Spain. Higher borrowing costs also put pressure on the Spanish government at a time when it is hoping to avoid a full-scale bailout.

The gap between the rates Spain and Italy must pay is growing, with Spain’s borrowing costs rising amid new challenges from disgruntled regional authorities and continuing uncertainty over the central government’s intentions concerning a possible bailout.

Spain’s benchmark 10-year government bond yield rose 30.1 basis points to 5.988 percent late Wednesday, while Italian 10-years rose 10.4 basis points to 5.181 percent. A basis point is one-hundredth of a percent.

Italy’s short-term borrowing costs fell Wednesday at an auction of debt. The Italian Treasury sold 9 billion euros, or $11.6 billion, of 6-month debt priced to yield 1.503 percent. That was down from the 1.585 percent it paid to move debt at the last such auction, and was the lowest it has paid for debt of that maturity since March.

Leaders in Greece and Spain are confronting difficult decisions on spending cuts designed to satisfy either international lenders, or the bond markets, and events in the two nations highlighted the growing European backlash against the politics of austerity.

In Greece, where political leaders are seeking to negotiate a new round of cuts to placate their creditors, protesters clashed with riot police in the first big anti-austerity strike since a new coalition government took power in June.

Several thousand people had converged on the Spanish Parliament on Tuesday, where clashes followed with more than 1,000 riot police. Police baton-charged protesters and some demonstrators broke down barricades and threw rocks and bottles.

The results of an independent assessment on the crisis in the country’s financial system are due to be released this week, along with next year’s budget and plans for new structural reforms.

The Spanish prime minister, Mariano Rajoy, has said he is considering whether to seek a new rescue package for his troubled country to lower borrowing costs, but only if they stay too high for too long. He has already secured a promise of up to 100 billion euros to salvage the nation’s sickly banks.

Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets in Brussels, said the turmoil in Greece and Spain had added to bearish market sentiment that carried over from comments Tuesday in the United States by Charles I. Plosser, president of the Federal Reserve Bank of Philadelphia. Mr. Plosser said the Fed‘s latest effort to bolster the economy by buying bonds would probably be ineffective and said the central bank could risk its credibility.

“We have budget discussions in Spain, the troika decision in Greece and demonstrations in both places,” Mr. Gijsels said, referring to the trio of international lenders, known as the troika, that are negotiating aid to Greece. “That’s not helping things.”

“I would compare the current situation to August 2010, though,” he added, when the world economy was slowing and there were worries about recession and deflation. “This time all the major central banks are pumping money into the system, but back then it was only the Fed.”

That liquidity, Mr. Gijsels said, has to go somewhere, and if the real economy is moribund, it is likely go into the financial markets, bidding up prices for financial assets.

As a result, he said, he did not expect the current wave of selling to be sustained.

David Jolly reported from Paris.
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« Reply #326 on: September 27, 2012, 11:38:58 am »

http://www.independent.co.uk/news/world/europe/day-of-rage-in-greece-as-more-stringent-cuts-loom-8180808.html

9/27/12

Day of rage in Greece as more stringent cuts loom
With wages, pensions and healthcare under threat, protesters flood the streets of Athens
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« Reply #327 on: September 29, 2012, 11:04:16 am »

http://news.yahoo.com/greece-sure-next-aid-tranche-german-magazines-115632660--finance.html

9/29/12

Greece sure to get next aid tranche: German magazines

BERLIN (Reuters) - Greece will receive its next tranche of international aid despite budget shortfalls and slow progress on reforms because the euro zone does not want the country to leave the common currency, two German magazines reported on Saturday.
 
Athens will resume talks with the 'troika' of international lenders next week on a tranche worth 31 billion euros ($39.88 billion) needed to avert bankruptcy and a possible euro zone exit.
 
The Greek government needs a deal so it can push an austerity package through parliament before the next meeting of Eurogroup finance ministers on October 8.
 
"The Greeks will receive a list of reforms which must be approved by their parliament by a fixed date. The money will be released as soon as lawmakers have voted," a Eurogroup source told the Wirtschaftswoche business weekly.
 
It did not say what new reforms would be proposed but said the euro zone was now focused on avoiding a Greek exit.
 
"The fear of a 'domino effect' in the euro zone is too great (not to release the funds)," a senior EU official told the weekly, referring to possible contagion to other heavily indebted states such as Spain if Greece were to default.
 
A second report in the Focus magazine, citing sources in the European Parliament, also said Greece would receive its tranche.
 
"The report being drawn up by the 'troika' will turn out in such a way that the money can be paid out," it said.
 
The troika comprises the International Monetary Fund, the European Commission and the European Central Bank.
 
Asked to comment on the reports, a German finance ministry spokesman said there had been no change in the situation and that the Berlin government was still awaiting the troika report on Greece.
 
Germany, Europe's biggest economy and paymaster, has long criticized Greece's failure to sort out its public finances and restructure its economy, but Chancellor Angela Merkel and senior members of her center-right coalition have recently started to stress the dangers of pushing Athens out of the euro zone.
 
Greece, in its fifth year of recession, wants a two-year extension of its bailout plan, something its finance minister has said would cost up to 15 billion euros of extra funding.
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« Reply #328 on: October 08, 2012, 11:35:19 pm »

Euro zone, IMF mull 2-year extension for Greek bailout: Greek finance minister

10/8/12

http://news.yahoo.com/eurogroup-comments-spain-greece-portugal-cyprus-esm-220327922--business.html

LUXEMBOURG (Reuters) - International lenders are considering giving Greece two more years to reach its budget deficit reduction targets, and the extra time could be financed without more money from the euro zone, Greek Finance Minister Yannis Stournaras said.
 
"It is now on the table by all members of the troika," Stournaras told reporters of the 2-year extension.
 
"All the exercises that we are doing now they assume that the program will last up to 2016, that ... 4.5 percent of GDP (for the budget deficit) will be achieved in 2016 rather than in 2014," he said .
 
"The implicit assumption is that the program will be extended despite the fact that it remains extremely frontloaded," he said.

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« Reply #329 on: October 11, 2012, 03:08:14 pm »

http://news.yahoo.com/greek-unemployment-rises-above-25-percent-093622765--finance.html

10/11/12

Greek unemployment rises above 25 percent

ATHENS, Greece (AP) — Unemployment in Greece hit a record high of 25.1 percent in July as the country's financial crisis continues to exact its heavy toll, official figures showed Thursday.

All indications are that unemployment in Greece will continue to rise. The economy has shrunk by around a fifth since the recession started in 2008 and youth unemployment has pushed way above 50 percent. The economy is expected to enter a sixth year of recession next year.

"This is a very dramatic result of the recession," said Angelos Tsakanikas, head of research at Greece's IOBE economic research foundation.

The state statistics agency said Greece's unemployment rate rose from 24.8 percent in June. According to European statisticians, that would be the same rate as Spain's in August.

The two countries have the highest unemployment rates among the 17 that use the euro. In August, eurozone unemployment stood at an average 11.4 percent, itself the highest level since the single currency was launched in 1999.

Greece's statistical authority said 1.26 million Greeks were out of work in July, with more than 1,000 jobs lost every day over the past year. In the worst-affected 15-24 age group, unemployment was 54.2 percent. In July 2008, a year before Greece's acute financial crisis broke, there were only about 364,000 registered unemployed.

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