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Home country: Canada
Member since: Sat Jul 9, 2005, 11:46 PM
Number of posts: 13,374
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By Michael Roberts
Source: Michael Roberts Blog
February 22, 2015
One of the cruel ironies of the last minute deal between the Eurogroup and the Greek government for a four month extension to the existing ‘aid’ programme monitored by the Troika is that in any sane meaning it is not aid at all.
In return for staying in the Troika programme for another four months to end-June and keeping to the still to be agreed conditions on fiscal targets, government spending and privatisations, the Eurogroup, the ECB and the IMF will disburse the outstanding tranches of loans under the existing programme. The FT might call this “aid” but it is nothing of the kind. It is not even bailout money for Greek banks. The €11bn funding for that has been returned by the Greeks to the Troika who are keeping it for ‘security’.
.....But most of that will be immediately recycled back to the Troika as repayments of debt and interest for previous loans and government bonds that are maturing. In the upcoming four months, the IMF must be paid back €5.3bn while the Greeks must also roll over short-term T-bills bought by the Greek banks worth about €11bn. So the Troika ‘aid’ will just disappear and the Greek people will see none of it to help with government spending.
This is just like ‘Third World’ aid that used to be distributed by the World Bank and other international agencies back in the 1980s and 1990s. Most of this ‘aid’ ended up in corrupt dictators’ pockets or in repaying previous debt. The people never saw it. And the debt levels stayed where they were, as they do for Greece now.
Back then, eventually the international agencies agreed what was called a Brady debt swap that wrote off a portion of the debt that could never be repaid. No such plan is available to Greece, although Syriza asked for it in their negotiations with the Eurogroup.
Germany owes Greece money for the war – but morality needn’t come into it
Instead of focusing on the emotionally charged issue of reparations for the second world war, Berlin and Athens should set up a future fund for the joint rehabilitation of a ‘shared’ history
Nazi Germany’s 3.5-year occupation of Greece was bloody and destructive. The Paris reparations conference in 1945 accepted calculations that estimated damage to Greece to amount to 7bn pre-war US dollars. It should be made clear that this wasn’t automatically the suggested reparation payment, as often has been maintained by Greek politicians and journalists: the purpose of the conference was not to come up with absolute sums but to work out percentages of a then still unspecified reparations pool.
Yet it’s important in this case to make a distinction between reparation payments for war crimes and repayments of so-called Besatzungsanleihe: monthly loans demanded from the Greek government in 1942-44 to pay for the maintenance costs of the German army in Greece and further military activity in the Mediterranean, even delivering food from starving Greece to Rommel’s “Afrika-Korps”. In early 1945, in the final days of the Third Reich, a group of high-ranking German economists calculated this “German debt (Reichsschuld) to the Greek state” to amount to 476m Reichsmarks, which would be roughly €10bn today.
This would however require a major change of attitude on Germany’s behalf. Only Berlin has the power to open talks about a historic consolidation with Greece. Until then, we continue to exist with an absurd situation where democratically elected German postwar governments of all colours continue to be in denial about the existence of this debt, which was officially recognised even by the Nazi regime.
Get the rest of your money, Greece.
Posted by polly7 | Sun Feb 22, 2015, 08:50 AM (1 replies)
Published on Feb 14, 2015
A harrowing eye witness account of the firebombing of Dresden by former POW Victor Gregg.
Those words by Victor Gregg describing the Allied terror bombing of Dresden in 1945
Posted by polly7 | Sat Feb 21, 2015, 12:24 PM (15 replies)
Emma Ruby-Sachs - Avaaz <email@example.com>
1:10 AM (9 hours ago)
Thousands in Qatar are trapped working in horrific conditions, and barred from escaping home by abusive bosses. An American company could help free them and we can make their CEO act by bringing the slave horror right to her hometown. Join the call:
Forced to work under the desert’s scorching sun, denied food, drinking water, and barred from escaping home, thousands of men in Qatar are modern day slaves. And we can help free them.
Last year, one person died every other day building a billion dollar mega-project for Qatar's 2022 World Cup. A major part of the project is managed by an American company with a CEO who lives in a quiet part of Colorado. If more than 1 million of us stand together for freedom, we can confront her with our voices every time she leaves her house to go to work, or to ski, until she takes action.
This same tactic pushed Hilton Hotels to protect women against sex trafficking in days -- join the urgent call to help free Qatar's modern slaves:
Qatar’s "guest worker" program is at the root of the problem. It lures people from Nepal and Sri Lanka with promises of good jobs, but when they arrive their employers confiscate their passports and force them to work long hours in 50 degree heat with no chance of escape.
The US company, CH2M Hill, say the local contractors and government laws are to blame, but CH2M Hill is the public face of World Cup construction. Their CEO can and must take a lead role in ensuring we don’t see seven more years of worker deaths. She could even threaten to take their business elsewhere unless this system is changed.
CH2M Hill has a responsibility to help stop this modern day slavery. Our call now could persuade CH2M Hill to speak out and then lead other companies to weigh in until every single worker has the freedom to return home. Click below to join the call -- when we reach 1 million, our voices will be delivered directly to CH2M Hill CEO Jacqueline Hinman again, and again and again:
One big global outcry at the right time can save thousands of lives. When Hilton Hotels wasn't doing enough to protect women and girls from sex trafficking at their hotels, Avaaz staff brought our call to the CEO's front door and the policy was changed in days. Let's do it again
Emma, Nell, Mais, Ricken, Alice and the whole Avaaz team
Death toll among Qatar’s 2022 World Cup workers revealed (The Guardian)
Building a Better World Cup (Human Rights Watch)
At a Qatar Project Overseen by Americans, Workers Die Almost Daily (Bloomberg)
Qatar accused of dragging its feet over treatment of migrant workers
Qatar risks losing World Cup without job reform (Reuters)
(from an email)
Posted by polly7 | Sat Feb 21, 2015, 12:10 PM (0 replies)
Published on Thursday, February 19, 2015
by Common Dreams
byRobert C. Koehler
An armed motorcade belonging to members of Derna's Islamic Youth Council, consisting of former members of militias from the town of Derna, drive along a road in Derna, eastern Libya. (Photo: Reuters)
Good and evil leap from the headlines: “Egyptian planes pound ISIS in Libya in revenge for mass beheadings of Christians.”
We’re in a state of perpetual war and have no intention of escaping it. Certainly we have no intention of critiquing our own actions or — don’t be silly — questioning the effectiveness of war, occupation or high-tech terror (think: “shock and awe”) as a means to create a stable, secure world. The interests of war have dug in for the long haul, fortified by the cynicism of the media they own. The voices of reason cry from the margins. When a trickle of sanity finds its way into the mainstream, it’s mocked until it goes away.
“We cannot kill our way out of this war. We need . . . to go after the root causes that lead people to join these groups . . .”
Tepid and tentative as Harf’s words were, the fact that they were either instantly mocked and dismissed as “politically correct,” or ignored completely, indicates the extent to which a war mentality has supplanted thought in the mainstream realm of the American empire. Root causes? Come on. Only one side of any war, our own, ever has root causes.
Posted by polly7 | Sat Feb 21, 2015, 12:06 PM (7 replies)
Last week, Ledezma, who is current Mayor of the Metropolitan Capital District of Caracas, signed a statement calling for a “National Transition Agreement” alongside opposition politicians, Maria Corina Machado and currently detained leader of the Popular Will party, Leopoldo Lopez.
Popularly known as “the vampire”, Ledezma began his political career in 1973 as a member of the “Democratic Action” Party. In 1989, he infamously became Governor of the Federal District of Caracas, when he oversaw one of the most violent periods in the history of the Caracas Metropolitan Police.
The police body, which was since disbanded in 2010 due to its human rights violations, regularly opened fire on unarmed student protests, systematically repressed street vendors, pensioners and the unemployed, as well as regularly disappeared political activists.
During this period he also oversaw the “Caracazo,” when up to 3000 people were killed and disappeared by security forces in the wake of violent protests against a government imposed austerity programme.
This particular period of Ledezma’s career earnt him the reputation of “student killer” amongst working class Venezuelans. He is founder and current leader of the rightwing party known as the “Brave People’s Alliance”.
* these right-wing freaks and their attempts to ruin yet another democratic country.
By John Pilger Interviewed by Michael Albert
February 16, 2015
1. Why would the U.S. want venezuela’s government overthrown?
Full article: https://zcomm.org/znetarticle/john-pilger-interviewed-by-michael-albert-2/
Posted by polly7 | Sat Feb 21, 2015, 11:04 AM (8 replies)
By Joe Emersberger
Source: teleSUR English
February 21, 2015
An overtly bigoted writer was recently given space in the New York Times op-ed pages to advocate his version of what the U.S. government has been imposing on Haitians for several decades – basically a sweatshop model of development.
In addition to U.S.-led coups and economic sanctions, the destruction of local agriculture (points 1,2 and 5) is a huge part of the story of Haiti’s economic disaster since 1980. In 1980, 79 percent of Haitians lived in rural areas. About 43 percent still do today. Ruined farmers poured into the cities and exerted downward pressure on wages. The mass exodus also created huge urban shantytowns where people are vulnerable to earthquakes and floods.
Full article: https://zcomm.org/znetarticle/kicking-away-the-ladder-in-haiti/
Posted by polly7 | Sat Feb 21, 2015, 10:58 AM (3 replies)
By Mark Weisbrot
February 20, 2015
The Economist’s February 6 cover displayed the Venus de Milo statue pointing a revolver, with the headline “Go ahead, Angela, make my day.” In the editors’ upside-down world, Greece is threatening Europe, or at least Germany. Really?
On Monday, February 16, European officials “handed Athens an ultimatum: Agree by Friday to continue with a bailout program or risk the funding that the country needs to avoid a default,” the New York Times reported.
Then there is Wolfgang Schäuble, Germany’s finance minister and die-hard supporter of the failed austerity policies that brought Greece six years of depression. On February 11, according to the Financial Times, he “hinted darkly that a Greek plan to leave the bailout at the end of the month could draw a harsh reaction from financial markets.”
Many observers don’t seem to get it, but this is all about the European authorities using coercion to accomplish political as well as economic goals. That’s why these people have not been content to just rely on their enormous bargaining power and the threat of economic dislocation that would ensue if Greece is forced out of the euro. Instead, they have been pro-active: on February 4 the ECB announced that it would no longer accept Greek government bonds as collateral. This was a deliberate effort to crash Greek financial markets and increase capital flight so as to force Syriza to capitulate as soon as possible.
Full article: https://zcomm.org/znetarticle/the-coercion-of-greece/
(Borrowed from DU'er DeSwiss)
He doesn't look like he'd be all that intimidated by their threats, either.
Posted by polly7 | Fri Feb 20, 2015, 09:05 AM (5 replies)
Thursday, February 19, 2015
Greek opposition leader and head of radical leftist Syriza party, Alexis Tsipras (L) and Spanish Podemos party Secretary General Pablo Iglesias wave to supporters following a campaign rally in central Athens January 22, 2015. Photo: Reuters/Yannis Behrakis)
In ancient Greece, the birthplace of democracy, power derived from “demos,” the people. Well, the people of contemporary Greece have been reeling under austerity for five years, and have voted to put an end to it. In January, the anti-austerity Syriza Party was swept to power in national elections. Greece is a member of the so-called eurozone, the nations that joined together with a common currency back in 1999. Following the economic crash of 2009, the Greek economy was in shambles. In 2012, I interviewed economist and Syriza member Yanis Varoufakis, who is now Greece’s minister of finance, and is at the center of the current crisis in the eurozone.
Paul Mason, economics editor at Channel 4 News in the United Kingdom, has been doing some of the best reporting in English on the Greek crisis. On the “Democracy Now!” news hour, I asked him to explain austerity: “Austerity in Greece means something like a 50 percent measurable increase in male suicides. It means real wages fell by 25 percent in five years ... you’ve got the 300,000 families who can’t afford electricity.” Interviewed in Der Spiegel, Varoufakis called austerity “fiscal waterboarding.” Greeks, as well, have not forgotten that Germany, under the Nazis, brutally occupied their nation for four years during World War II. Syriza’s representative in the European Parliament, 92-year-old Manolis Glezos, was imprisoned by the Nazis after he tore a swastika flag off of the Acropolis. “The German political class just can’t get their head around the idea,” Mason explained, “that a party has been elected that wants to do something so radically different, that they can’t do it without breaking the rules that the eurozone has been formed around. So it’s becoming cultural.”
The future of Europe is in flux, as popular movements in Greece and Spain gain power and challenge traditional economic and political systems. The global economic crisis created enormous suffering for billions around the world. But it also created an opening, allowing people to reassess the rules under which they live and work, to challenge those in power, and to demonstrate that another world is possible.
Full article: http://www.commondreams.org/views/2015/02/19/demos-podemos-popular-uprisings-greece-and-spain
Posted by polly7 | Thu Feb 19, 2015, 09:24 PM (4 replies)
Thursday, February 19, 2015
Environmental, labor, and community groups are staging public forums and creative direct actions urging their representatives to say no to a rushed TPP deal
bySarah Lazare, staff writer
People gather at Peace Arch Park in 2012 to oppose the U.S.-led Trans Pacific Partnership agreement (TPP). (Photo: Caelie_Frampton/flickr/cc)
Environmental, labor, and community groups are organizing rallies, public forums, and creative direct actions this week urging their congressional representatives to say "no" to a renewed bid to rush through the controversial Trans-Pacific Partnership "trade" deal by passing "fast track" legislation.
The TPP would affect wages, climate protections, internet freedom, access to medicine, indigenous rights, food safety, financial regulations, and a whole lot more," said Stamoulis. "It's really a corporate power grab with the status of a trade agreement."
Full article: http://www.commondreams.org/news/2015/02/19/fightfasttrack-coalition-takes-aim-lawmakers-over-corporate-friendly-trade-agreement
Posted by polly7 | Thu Feb 19, 2015, 08:43 PM (1 replies)
Thursday, February 19, 2015
Intelligence agencies violated human rights laws by spying on privileged legal communications
byNadia Prupis, staff writer
Abdelhakim Belhadj accused the U.K. government of being complicit in his rendition and torture from 2004 to 2010. (Photo: Reuters)
In a landmark admission, the U.K. government conceded on Wednesday that British intelligence agencies have been illegally spying on private communications between lawyers and clients for the past five years.
According to the Guardian, the government's admission that it violated human rights law is "a severe embarrassment."
"In view of recent IPT judgments, we acknowledge that the policies adopted since 2010 have not fully met the requirements of the ECHR, specifically article 8 (right to privacy)," a government spokesperson stated on Wednesday. "This includes a requirement that safeguards are made sufficiently public."
The announcement follows several recent legal developments in the high-profile torture case of Libyan political activist Abdelhakim Belhadj, one of the surveillance targets.
Full article: http://www.commondreams.org/news/2015/02/19/uk-admits-unlawful-surveillance-torture-victims
Posted by polly7 | Thu Feb 19, 2015, 08:40 PM (0 replies)