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IMF & Troika's war on Greece: Eurogroup German banksters refuse bailout 1st European default

486 views · Published 2 July 2015 · 5:31 · Indexed 14 November 2026

Channel: Public Enquiry · 2015 · News & Politics

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Al Etejah English News 01Jul2015
http://www.youtube.com/watch?v=vtiQRVYeW8E

The company that cooked Greek books and facilitated Luxembourg tax evasion now advises the European Commission: 
http://twitter.com/LobsterMagazine/status/616635313130221568 
LuxLeaks firm advising EU commission on tax
By NIKOLAJ NIELSEN  BRUSSELS, 02Jul2015 , 09:24
A firm directly involved in one of Europe’s largest tax scandals is now giving tax advice to the European Commission and member states.
The audit firm, PricewaterhouseCoopers (PwC), sits in a group called the EU Joint Transfer Pricing Forum.
The forum’s been around for years, but its mandate was recently renewed, and it held its first new-model meeting last week at the Albert Borschette Congress Centre in Brussels.
Transfer pricing is a method used by multinationals to minimise taxes.......

Syriza can’t just cave in. Europe’s elites want regime change in Greece
Seumas Milne
Greece’s confrontation with the euro overlords will shape resistance to austerity – and the future of the whole European Union
 ‘There’s no suggestion of genuine compromise. The aim is apparently to humiliate Tsipras and his government in preparation for its early replacement with a more pliable administration.’
Contact author @seumasmilne
Wednesday 1 July 2015 20.54 BST Last modified on Thursday 2 July 2015 00.01 BST
http://www.theguardian.com/commentisfree/2015/jul/01/syriza-cave-in-elites-regime-change
It’s now clear that Germany and Europe’s powers that be don’t just want the Greek government to bend the knee. They want regime change. Not by military force, of course – this operation is being directed from Berlin and Brussels, rather than Washington.
But that the German chancellor Angela Merkel and the troika of Greece’s European and International Monetary Fund creditors are out to remove the elected government in Athens now seems beyond serious doubt. Everything they have done in recent weeks in relation to the leftist Syriza administraton, elected to turn the tide of austerity, appears designed to divide or discredit Alexis Tsipras’s government.
They were at it again today, when Tsipras offered what looked like almost complete acceptance of the austerity package he had called a referendum on this Sunday. There could be no talks, Merkel responded, until the ballot had taken place.
There’s no suggestion of genuine compromise. The aim is apparently to humiliate Tsipras and his government in preparation for its early replacement with a more pliable administration. We know from the IMF documents prepared for last week’s “final proposals” and reported in the Guardian that the creditors were fully aware they meant unsustainable levels of debt and self-defeating austerity for Greece until at least 2030, even on the most fancifully optimistic scenario.
That’s because, just as the earlier bailouts went to the banks not the country, and troika-imposed austerity has brought penury and a debt explosion, these demands are really about power, not money. If they are successful in forcing Tsipras out of office, a slightly less destructive package could then be offered to a more house-trained Greek leader who replaced him.
Hence the European Central Bank’s decision to switch off emergency funding of Greece’s banks after Tsipras called the referendum on an austerity scheme he had described as blackmail. That was what triggered the bank closures and capital controls, which have taken Greece’s crisis to a new level this week as it became the first developed country to default on an IMF loan.
The EU authorities have a deep aversion to referendums, and countries are routinely persuaded to hold them again if they give the wrong answer. The vote planned in Greece is no exception. A barrage of threats and scaremongering was unleashed as soon as it was called.
One European leader after another warned Greeks to ignore their government and vote yes – or be forced out of the eurozone, with dire consequences. Already the class nature of the divide between the wealthier yes and more working-class no camps is stark. The troika’s hope seems to be that if Tsipras is defeated by fear of chaos, Syriza will split or be forced from office in short order. The euro elite insists it is representing the interests of Portuguese or Irish taxpayers who have to pick up the bill for bailing out the feckless Greeks – or will be enraged by any debt forgiveness when they have been forced to swallow similar medicine. The reality is the other way round.
Not only has no German or any other EU taxpayer taken any loss bailing out Greece. The real fear in Brussels and Berlin is not that people in countries such as Spain and Portugal who have taken the brunt of eurozone austerity will oppose relief for ravaged Greece – but that they’ll want an end to austerity and their own debts written off as well.

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