Has the Greek massive “No” vote to austerity triggered a wave of popular demand for referendums on austerity and exiting the eurozone?
It was reported this week that “[o]ver 260,000 Austrians have signed a petition calling for the EU exit for the country, and now the Austrian parliament must discuss a referendum on the issue.” Inspired by the Greeks, the British population is now asking for a referendum on austerity.
But is the financial world order threatened at all?
Michel Chossudovsky and James Corbett discuss “financial cleansing”, or how “bankers and their political cronies will be able to use the bail-in, this weapon of financial destruction, not against the megabanks but against smaller banks, credit unions and independent banks that threaten their monopoly of power.”
The Confiscation of Bank Savings to “Save the Banks”: The Diabolical Bank “Bail-In” Proposal, Prof Michel Chossudovsky, July 08, 2015
“Hitting depositors” could become the “new normal” of this diabolical project, serving the interests of the global financial conglomerates. There are provisions in the US, Canada and the EU pertaining to the outright confiscation of bank deposits.
Why Greece Will Have to Exit the Eurozone, Jonathan Cook, July 08, 2015
I’m no economist but I have been wondering how Syriza plans to bypass German-imposed austerity as long as it sticks with the euro. Depressed economies recover by devaluing their currency so that they can become more competitive. But Greece is…
Planned US Coup in Greece?, Stephen Lendman, July 08, 2015
Washington’s geopolitical strategy when bullying fails is either assassinating independent leaders, color revolutions, military coups or naked aggression. If Moscow-based independent investigative journalist John Helmer is right, Greek Prime Minister Alexis Tsipras is a marked man and SYRIZA governance on…
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The complex causes as well as the devastating consequences of the economic crisis are carefully scrutinized with contributions from Ellen Brown, Tom Burghardt, Michel Chossudovsky, Richard C. Cook, Shamus Cooke, John Bellamy Foster, Michael Hudson, Tanya Cariina Hsu, Fred Magdoff, Andrew Gavin Marshall, James Petras, Peter Phillips, Peter Dale Scott, Bill Van Auken, Claudia Van Werlhof and Mike Whitney.
Greece Rejects the Troika, Michael Hudson, July 08, 2015
Just after 7 PM Greek time on Sunday, I was told that the “No” vote (Gk. Oxi) was winning approximately 60/40. The “opinion polls” showing a dead heat evidently were wrong. Bookies across Europe are reported to be losing their…
Greece Says “NO” to Austerity and Their Global Loan Shark Predators, Dr. Gary G. Kohls, July 08, 2015
Predatory lenders “work to bankrupt the countries that received those loans so that they would be forever beholden to their creditors, and so they would be easy targets when we needed favors, including military bases, UN votes, or access to…