Asteazkena… (segida)

Ikus Astelehena (29.06.2015)1

Ikus Grezia: Bien bitartean... 2

Ikus Asteartea... (segida)3

Albisteak

Interview: Greek Bailout Saved Bankers, But Punished the People


http://www.telesurtv.net/english/news/Interview-Greek-Bailout-Saved-Bankers-But-Punished-the-People-20150630-0029.html
.

Greek debt crisis: the failure of the euro wasn’t just predictable, it was predicted

http://www.abc.net.au/news/2015-06-30/dal-santo-greek-debt-crisis-was-predictable/6582546

(1992 essay ‘Maastricht and all that‘ by Wynne Godley .)

Breaking: ECB states that Euro is reversible and not irrevocable

https://rwer.wordpress.com/2015/06/30/breaking-ecb-states-that-euro-is-reversible-and-not-irrevocable/

Up till now the ECB has been adamant. THE EURO IS IRREVERSIBLE, adopting it is irrevocable. But they changed their mind (and historians of course knew better all the time). Yesterday, an interview with Benoît Cœuré, one of the highest ranking civil servants of the ECB, started with this sentence: La sortie de la Grèce de la zone euro, qui était un objet théorique, ne peut malheureusement plus être exclue. Translation: Grexit can’t be excluded, anymore.”

Azteazkeneko albisteak

Europe’s Controlled Demolition

http://www.zerohedge.com/news/2015-07-01/europes-controlled-demolition

Equities Soar As Tsipras Said Ready To Accept Most Of Expired Bailout Offer, European Response Muted

http://www.zerohedge.com/news/2015-07-01/equities-soar-tsipras-said-ready-accept-most-expired-bailout-offer-european-response

Breaking: Greece folds. Tsipras sends letter to creditors…ready to accept proposal

http://redpilltimes.com/breaking-greece-folds-tsipras-sends-letter-to-creditors-ready-to-accept-proposal/

Greek Prime Minister To Address The Nation Shortly

http://www.zerohedge.com/news/2015-07-01/greek-prime-minister-address-nation-shortly

Market Wrap: Greek “Capitulation” Optimism Sends Global Risk Higher After China Re-crashes

http://www.zerohedge.com/news/2015-07-01/greek-capitulattion-optimism-sends-global-risk-higher-after-china-re-crashes

Frontrunning: July 1

http://www.zerohedge.com/news/2015-07-01/frontrunning-july-1

Merkel Addresses German Parliament: Key Points

http://www.zerohedge.com/news/2015-07-01/merkel-addresses-german-parliament-key-points

For The Bookies The Referendum Outcome Is Clear: Paddy Power Pays Out For “Yes” Votes

http://www.zerohedge.com/news/2015-07-01/bookies-referendum-outcome-clear-paddy-power-pays-out-yes-votes

Leaked Troika Documents Show Greece Needs Huge Debt Relief

http://www.zerohedge.com/news/2015-07-01/leaked-troika-documents-show-greece-needs-huge-debt-relief

Leaked IMF document says that if Greece accepts EU proposal it will remain under austerity until 2030!

http://redpilltimes.com/leaked-imf-document-says-that-if-greece-accepts-eu-proposal-it-will-remain-under-austerity-until-2030/

IMF: austerity measures would still leave Greece with unsustainable debt

http://www.theguardian.com/business/2015/jun/30/greek-debt-troika-analysis-says-significant-concessions-still-needed?CMP=share_btn_tw

Next Steps For Greece: The Complete Post-Referendum Roadmap

http://www.zerohedge.com/news/2015-07-01/next-steps-greece-complete-post-referendum-roadmap

Bank Of England Warns Greece “Threatens To Trigger Market Selloff That Could Ripple Through The Global Economy”

http://www.zerohedge.com/news/2015-07-01/goldman-ecb-will-have-go-big

Tsipras Will Not Back Down On Referendum: Media Report

http://www.zerohedge.com/news/2015-07-01/tsipras-will-not-back-down-referendum-media-report

“Heartbreaking” Scene Unfolds At Greek Banks As Pensioners Clamor For Cash

http://www.zerohedge.com/news/2015-07-01/heartbreaking-scene-unfolds-greek-banks-pensioners-clamor-cash

Defiant Tsipras Addresses Nation, Calls For “No” Referendum Vote

http://www.zerohedge.com/news/2015-07-01/tsipras-addresses-confused-and-defaulted-nation-live-webcast

What does the YES vote mean? What does the NO vote mean? Greeks face confusion amid Sunday’s referendum

http://redpilltimes.com/what-does-the-yes-vote-mean-what-does-the-no-vote-mean-greeks-face-confusion-amid-sundays-referendum/

‘Boots On The Ground’ In Greece: “Stop The German Bloodletting”

http://www.zerohedge.com/news/2015-07-01/boots-ground-greece-stop-german-bloodletting

Stocks Tumble After Eurogroup Meeting Ends: “No Talks Until After Referéndum”

http://www.zerohedge.com/news/2015-07-01/stocks-tumble-after-eurogroup-meeting-ends-no-talks-until-after-referendum

Eurogroup Teleconference Ends: Dijsselbloem To Present Summary Remarks Shortly

http://www.zerohedge.com/news/2015-07-01/eurogroup-teleconference-ends-dijsselbloem-present-summary-remarks-shortly

Greek FinMin Lays Out 6 Reasons To Vote “No” In The Referendum

http://www.zerohedge.com/news/2015-07-01/greek-finminlays-out-6-reasons-vote-no-referendum

“What If Berlin And Frankfurt Do Not Budge” – How Varoufakis Saw The “Worst Case Scenario”

http://www.zerohedge.com/news/2015-07-01/what-if-berlin-and-frankfurt-do-not-budge-how-varoufakis-saw-worst-case-scenario

Eurogroup’s Dijsselbloem Says “No Grounds For Further Talks”, Will “Wait For Outcome Of Referéndum”

http://www.zerohedge.com/news/2015-07-01/eurogroup-teleconference-ends-dijsselbloem-present-summary-remarks-shortly

The Greek Bluff May Be Working: ECB Does Not “Haircut” ELA Collateral

http://www.zerohedge.com/news/2015-07-01/bluff-may-be-working-ecb-does-not-haircut-greek-ela-collateral

Greece Explained (In 2 Cartoons)

http://www.zerohedge.com/news/2015-07-01/greece-explained-2-cartoons

 

W. Mosler

Comments on Greece4

Afera zor greziarraren dramari dagokio. Orokorrean monetak jaisten dira zor draman zorra atzerritar monetan dagoenean eta beldur da gobernuak moneta lokala saldu behar duela FX5 lortzeko, ordainketak egiteko.

Kasurako, pesoa behera joan liteke baldin eta afera bada Mexikok Nazioarteko Moneta Fondoari (IMF, ingelesez) dolarretan ordaindu behar izatea.

Greziarekin hori ez da kasua, ez dagoelako beldur greziarrek euroak salduko dituztela euroak lortzeko ordainketak egitearren.

Baina, dena den, jokalariek euroa saltzen dute, zeren horixe baita egiten dena zor krisi bat dagonean. Gero beraiek euro horiek erosi behar dituzte atzera, eta ez dago inongo estaturik beraiek estaltzeko laguntzearren.

Aipatu dena bere sistema monetario ulertzen ez duen mundua da, barne bankugintza ulertzen ez duten banku zentraleko bankariak, baita mass media nagusia, politikari guztiak eta beraien finantza ministroak ere, azkenak hitz eginez eta ergel handiarena eginez beraien hautesleen kaltetan, zeintzuek ez baitute afera ongi ulertzen, eta ez dira ohartzen daukaten trebetasun falta izugarriaz.

Bien bitartean, makromailan, politika deflaziogileak ondokoak dauzka barne: tasa negatiboak, QE6, fiskalitate estu, erreforma estrukturalak, eta berarekin doan guztia. Eta zorren ordaintze ezak, baldin eta gertatzen badira, deflaziogileak ere dira. Eta joera deflaziogile hori guztia erakusten dute merkatu prezio gehienek ere.

Ongi dakigunez, austeritatearekin bukatzeko, defizit publikoa areagotu behar da (zehazki %3tik %8ra). Horren ordez, eta jadanik ikusi dugunez7, politika deflaziogilea da nagusi eta berorrekin batera Troikaren funtsezko politikaren garaipena:

Azkenean, deflazioaren aldeko politiken garaipena, jendeak langabezia nahi duela inflazioa baino gehiago erakusteko edo. (Troikaren garaipena!) Horrek funtsean esan nahi du merkataritza superabitaren bila joatea zutik dagoela.

(…)

ondorioz, Troikaren ekonomia garaile bilakatzen da: neoliberalismoa, deflazioa, kanpo merkataritza superabitak edukitzea, enpresa erraldoien esportazioak bultzatuz,… eta noski, alboratzen dena defizit publikoa da.

Eurolandia laborategi bilakatu du Troikak. Eta gaur egun Grezia laborategi horren punturik garrantzitsuena da. Laborategi horretatik irten behar da, ahalik eta lasterren. Bestela, kapitulazioa gertatuko da, nahiz eta kapitulazio hori beste edozein izenekin definituz, kasu, ‘akordio’ izenarekin.


Mosler berriz, Greziaz

Ikus “Albisteak eta Iruzkinak” in Astelehena (29.06.15)1

Albiste eta Iruzkin berriak:

Albistea: Juncker makes last-minute offer to Greece: Sources

Albiste hori BEZ ingurukoa da, mailegu emaileen proposamenena jaitsiz2.

Iruzkina: Mosler-en Greece comment3

Beraz, Tsipras-ek azken eskaintza hori baztertu zuen, zeinak beraren aurreko eskaintza batean oinarrituta, erakusten baitu berak ez lukeela are onartuko bere eskaintza propioa baldin eta Troika ados egongo bazen harekin, baina hurrengo astean eskaintza bera boto popular baten menpe jarriko luke.

Konturatu ezen birmoldatutako terminoak, helburu praktiko guztietarako, funtzionalki, Tsipras-ek nahi duen zor barkamena deitu litekeenaren berdinak direla.

Albistea: Greek pension funds ration payouts

600.000 langile publiko baino gehiagori ordaintzeko, hurrengo hilabetean IOU direlakoak jaulkitzeko prestatzen ari da Gobernua. Drakma berriz martxan jartzeko lehen urrats bezala, IOU horiek zergak ordaintzeko erabil litezke.

Horretarako, talde berezi bat eratuta zegoen Tsipras-en bulegoan

Gobernuko bozeramaile batek ukatu zuen talde horren existentzia.

Iruzkina: Mosler-en Greece reading IOU’s to pay public sector workers4:

Bai, hori funtzionalki bideragarria da, drakmara atzera itzultzen denez.

Hala ere, badaude oker joan daitezkeen zenbait puntu, aurretik inflazio handiko epeek, interes tasa altuek, langabezia altuak, eta monetaren depreziazioak frogatu zuten moduan.

Halaber, kontuan hartu behar da aspaldian askotan lider lokalek erabilitako ustelkeria pilo bat, zeina erreferendumean arazoa bilakatuko den.

2 Ingelesez: June 30 (Reuters) — “The offer published on Sunday incorporated a proposal from Greece that would set value-added tax rates on hotels at 13 percent, rather than at 23 percent as originally planned in the lenders’ proposals. It was not immediately clear whether there would be any additional changes.
If the offer were accepted, the euro zone finance ministers could adopt a statement saying that a 2012 pledge to consider stretching out loan maturities, lowering interest rates and extending an interest payment moratorium on euro zone loans to Greece would be implemented in October.

Asteartea… (segida)

Ikus Astelehena (29.06.2015)1

Albisteak (segida)

1914 Deja Vu: Draghi’s Cap On ELA Is Today’s Czar Nicholas Troop Mobilization

http://www.zerohedge.com/news/2015-06-29/1914-deja-vu-draghis-cap-ela-todays-czar-nicholas-troop-mobilization

Good On You, Alexis Tsipras (Part 1)

http://www.zerohedge.com/news/2015-06-29/good-you-alexis-tsipras-part-1

Beggar Thy Neighbor? Greece’s Battered Banks Beget Balkan Jitters

http://www.zerohedge.com/news/2015-06-29/beggar-they-neighbor-greeces-battered-banks-beget-balkan-jitters

The Mood On The Ground In Greece: “Some Have Raised The Prospect Of Civil War”

http://www.zerohedge.com/news/2015-06-29/mood-ground-greece-some-have-raised-prospect-civil-war

Europe’s Attack on Greek Democracy

https://www.project-syndicate.org/commentary/greece-referendum-troika-eurozone-by-joseph-e–stiglitz-2015-06

Laugarren hordagoka

Greece Threatens ‘Unprecedented’ Injunction Against EU To Block Grexit

http://www.zerohedge.com/news/2015-06-29/greece-threatens-unprecedented-injunction-against-eu-block-grexit

Greece threatens top court action to block Grexit

http://www.telegraph.co.uk/finance/economics/11707092/Greece-threatens-top-court-action-to-block-Grexit.html

Astearteko albisteak

Greek D(efault)-Day Arrives, As Does China’s Plunge Protection Team

http://www.zerohedge.com/news/2015-06-30/greek-default-day-arrives-does-chinas-plunge-protection-team

Breaking: New deal may come by midnight. The IMF is gone and debt may be cut

http://redpilltimes.com/breaking-new-deal-may-come-by-midnight-the-imf-is-gone-and-debt-may-be-cut/

European Regulators Suspend Trading In Greek Bonds Citing “Trading Harmony”

http://www.zerohedge.com/news/2015-06-30/european-regulators-suspend-trading-greek-bonds-citing-trading-harmony

Varoufakis Confirms Greece Will Default To IMF Today

http://www.zerohedge.com/news/2015-06-30/varoufakis-confirms-greece-will-default-imf-today

In Big Boost To “No” Vote, Schauble Hints Greece Can Default And Stay In Euro

http://www.zerohedge.com/news/2015-06-30/big-boost-no-vote-schauble-hints-greece-can-default-and-stay-euro

There Is One ‘Small’ Problem With The Crowdfunded Greek Bailout Campaign

http://www.zerohedge.com/news/2015-06-30/there-one-small-problem-greek-crowdfunded-bailout-campaign

NATO Member Turkey Breaks Ranks: Slams EU Austerity, Offers Greek Aid

http://www.zerohedge.com/news/2015-06-30/nato-ally-turkey-breaks-ranks-slams-eu-austerity-offers-greek-aid

Greece Asks For 2-Year Bailout From ESM, Merkel Promptly Shoots It Down

http://www.zerohedge.com/news/2015-06-30/greece-asks-2-year-bailout-esm

Breaking: Urgent Eurogroup meeting to vote on new Greek proposal before midnight default deadline

http://redpilltimes.com/breaking-urgent-eurogroup-meeting-to-vote-on-new-greek-proposal-before-midnight-default-deadline/

Don’t Blame Austerity: Five “Dastardly” Ways Italy Burned Through Taxpayer Money

http://www.zerohedge.com/news/2015-06-30/dont-blame-austerity-five-dastardly-ways-italy-burned-through-taxpayer-money

EFSF Confirms Greek Bailout Expires Today

http://www.zerohedge.com/news/2015-06-30/efsf-confirms-greek-bailout-expires-today

These Are Greece’s 5 Possible Paths

http://www.zerohedge.com/news/2015-06-30/these-are-greeces-5-possible-paths

Greece Becomes First Developed Country To Default To The IMF

http://www.zerohedge.com/news/2015-06-30/these-are-greeces-5-possible-paths

For Greeks The Nightmare Is Just Beginning: Here Come The Depositor Haircuts

http://www.zerohedge.com/news/2015-06-30/greeks-nightmare-just-beginning-here-come-depositor-haircuts

Gogoratzekoa (M. Draghi 2012an)

…the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough2.”

Gehigarri berezia

Robert Mundell, evil genius of the euro3.

The idea that the euro has “failed” is dangerously naive. The euro is doing exactly what its progenitor – and the wealthy 1%-ers who adopted it – predicted and planned for it to do.

(…)

The flames, the mass unemployment, the fire-sale of national assets, would bring about what Friedman called a “regeneration” of Greece and, ultimately, the entire eurozone.

(…)

Far from failing, the euro, which was Mundell’s baby, has succeeded probably beyond its progenitor’s wildest dreams.”

Aukera `politikoak’

Hona hemen oraingo aukera ‘politiko’ bakarrak, laster ikusiko ditugunak:

  1. Kapitulazio saltzea

  1. Grexit saltzea

‘Politika’ maitatzen dutenek aukera horietatik bat saldu behar dute jende arruntak uler dezagun zer gertatu den.

Izan ere, aparteko kapitulazioa (ala Grexit) saldu behar dute, ez soilik Grezian, ez bakarrik Syriza barruan.

Hitzik gabe geratuko lirateke hainbat eta hainbat progre (kazetari, politikari eta ekonomialari), Grexit aukeratuko balute greziarrek?

Ala esango digute haiek bazekitela? Grexit betidanik egon dela mahai gainean?

Eta ‘Akordioa’ lortuko balute, nola salduko lukete ‘akordio’, hots, kapitulazio hori?

Eta garrantzitsuena, edozein kasutan: zer gertatuko da Grezian?

Bustiko naiz: Greziako Syrizako liderrek izan duten jarrera behin eta berriz ikusita, postura egingo nuke kapitulazioaren alde, erreferenduma gertatuko zein ez!…

Barregarria, eta batez ere aspergarria, izango da kapitulazio horren salmenta mass median.


2 Ikus Euro is irreversible, declares European Central Bank president Mario Draghi: http://www.theguardian.com/business/2012/jul/26/euro-irreversible-mario-draghi-ecb.

Grezia: Bien bitartean…

Gogoratu zein den Troikaren helbururik nagusiena1:

Azkenean, deflazioaren aldeko politiken garaipena, jendeak langabezia nahi duela inflazioa baino gehiago erakusteko edo. (Troikaren garaipena!) Horrek funtsean esan nahi du merkataritza superabitaren bila joatea zutik dagoela.”

Izan ere,

Hori guztia da Grezian eztabaidatzen ez dena. Horren ordez, ‘politika’ da nagusi, eta ondorioz, Troikaren ekonomia garaile bilakatzen da: neoliberalismoa, deflazioa, kanpo merkataritza superabitak edukitzea, enpresa erraldoien esportazioak bultzatuz,… eta noski, alboratzen dena defizit publikoa da.”

Izatez, eta jadanik ongi dakigunez, irtenbidean, beste neurri batzuen artean, hauxe da garrantzitsuenetariko puntu bat, Grexit izan zein ez:

Defizit publikoa %3tik %8ra igotzea

Irtenbide bakarra

Le soluzioni e Rete MMT2

Ahantzi bide dugu Marx zaharra, eta dialektika eta antzeko zabor intelektual guztietatik kanpo, esan dezagun argi eta garbi sistema ekonomikoak aparteko garrantzia daukala gizartean, gizartearen antolakuntzan.

Periko Salabarriaren omenez egindako sarreran3 aipatzen dugun moduan:

Langileriak eta kapitalismoak asko aldatu dute Periko 1971n topatu nuenetik. Beste aro berri batean bizi gara.”

Izan ere, gaur egungo sistema ekonomikoa asko aldatu da, goitik behera aldatu. Orain Finantza Kapitalismoan bizi gara.

Mosler-ek oso argi aurreratu zuenez (gogoratu, Grezia bidegurutzean4), Greziarrek azken bolada luze honetan ekonomia alboratu zuten eta politikari atxiki.

Ondorioa, Mosler-ek zioenez: “This is politics, with all the associated risks.”

Baina Greziak behar duen irtenbidea ez da ‘politikoa’ ekonomikoa baizik. Ekonomiaz eta finantza ekonomiaz jakin behar da, asko eta sakon, zerbait interesgarria proposatzeko.

Mosler-ek Italiarako proposatu duena5 Grezian ere aplika daiteke:

I CINQUE PUNTI: PROPOSTA ECONOMICA MMT PER L’ITALIA6

Bi hitzetan, hauxe aipatzen da proposamenean:

(i) EBko defizit publikoa %3tik %8ra igotzea

(ii) Bestela, Grexit, drakma berria7 erabiliz (eta, noski, defizit publikoa %8ra igoz)

Gehi, job guarantee delako programa, alegia, lan bermeko programa martxan jartzea. Alegia, langabezia dagoen eta lan egin nahi duen orori trantsiziozko lan publikoa eskaintzea, 8/10 euro orduko ordainduz.

Aipatutako defizit publikoko diru gehiketa horrekin, Greziako sare industrialean diru laguntza hornitu daiteke, baita hainbat zerbitzu publikotan ere (osasungintzan, heziketa eta irakaskuntzan, 62 urterekin duinezko pentsio eta erretiro sarietan, lan publikoetan, …)

Ez dago beste irtenbiderik.

Laguntza

Greziari lagundu behar zaiola dio jende askok. Ongi, baina jende horrek maila ekonomikoan eta finantza arloan ez daki deus, Varoufakis liderra izanik ezjakintasun sakon horretan.

Bi aukera, besterik ez daude:

(a) Grexit

Nondik etorriko zaie laguntza greziarrei? Kanpotik? Ba ote dakite ‘kanpokoek’ Grexit-ek zer esan nahi duen ekonomikoki eta finantza arloan? Ba ote dakite zer nolako neurri ekonomiko eta finantzarioak hartu beharko ditu Greziako gobernuak Grexit egoki bat gauzatzeko?

Beraz, zertan ari dira progre, ekonomialari, politikari eta kazetari gehienak? Ezer jakin gabe, etengabe hitzak plazaratzen… Betiko leloa, aspaldiko kontua: hitzetan eta aldarrikapen hutsetan murgiltzea.

Greziak neurri ekonomiko berriak behar ditu, bere ekonomiak funtzionatzen hasteko: moneta propioa (drakma berria) modu egoki batean martxan jartzea, defizit publikoa %8ra eramatea, job guarantee delako programarekin, hots lan bermeko proiektu sendo batekin lehenbailehen abiatzea… Hitz batez, eskari agregatua areagotzea.

Laguntza? Benetako herri independente gisa arituz, Txinatik zein Errusiatik nahiz Hego Ameriketatik edo EFTA8ko kideetatik lortu dezakeena.

Kasu honetan, orduan bai: orduan estatu independente moduan, bere esku izango du egiteko guztia.

(b) Kapitulazioa, hots, infernuan segitzea

Edozein hitzekin kamuflatu nahi izango dute egoera tamalgarri hori, Orwell-en Newspeak9, erabiliz:

Troika —> Instituzioak

Kapitulazioa —-> Akordioa

Baina hitzak ari bira, dugun egina zioen gure Etxeparek.


7 Moneta ‘paraleloa’ dela eta, Mosler-ek dioenez (https://twitter.com/wbmosler/status/614848109571543040): Warren B. Mosler@wbmosler Local currency public debt functions to fund savings desires and not as a loan to be repaid.”

9 Ikus The Emergence Of Orwellian Newspeak And The Death Of Free Speech: http://www.zerohedge.com/news/2015-06-29/emergence-orwellian-newspeak-and-death-free-speech.

Astelehena (29.06.2015)

Hordagoka

Ikus Infernuan ala Grexit? Agian Grexident?1

Ikus Kapitulazioa? Grexit? Grexident?2

Albisteak infernutik

Democracy Is Dangerous – It’s Not For Greek Grandmas

http://www.zerohedge.com/news/2015-06-28/democracy-dangerous-its-not-greek-grandmas

Why The ECB Suddenly Has A Huge Headache On Its Hands, In One Chart

http://www.zerohedge.com/news/2015-06-28/why-ecb-suddenly-has-huge-headache-its-hands-one-chart

Germany To Tourists: If You Go To Greece, Bring Plenty Of Cash

http://www.zerohedge.com/news/2015-06-28/germany-tourists-if-you-go-greece-bring-plenty-cash

Goldman Explains Who Gets Stuck With The Bill When Greece Leaves The Party

http://www.zerohedge.com/news/2015-06-28/goldman-explains-who-gets-stuck-bill-if-greece-leaves-party

How Could The “Greek Experts” Be So Wrong?

http://www.zerohedge.com/news/2015-06-28/how-could-greek-experts-be-so-wrong

(“Yes, they “really” are asking questions like “if a country leaves the Eurobecause someone had to. Perhaps the fate of millions of Greeks would have been different if more had the balls to ask just this one most crucial question.”)

Greek Capital Controls Begin: Greek Banks, Stock Market Will Not Open On Monday

http://www.zerohedge.com/news/2015-06-28/greek-capital-controls-begin-banks-remain-closed-monday

Ignoring Tsipras Plea For Calm, Greeks Storm ATMs, Stores, Gas Stations

http://www.zerohedge.com/news/2015-06-28/ignoring-tsipras-plea-calm-greeks-storm-atms-stores-gas-stations

Asteleheneko albisteak

A black Monday?

Greek Contagion Spreads As Several Italian Bank Stocks Failed To Open

http://www.zerohedge.com/news/2015-06-29/greek-contagion-spreads-several-italian-bank-failed-open

The Sell Side Reacts To Europe’s “Lehman Weekend”

http://www.zerohedge.com/news/2015-06-29/sell-side-reacts-europes-lehman-weekend

“Uncontained” – Greek Stocks Crash 17% As European Banks Plunge Most In 3 Years

http://www.zerohedge.com/news/2015-06-29/uncontained-greek-stocks-crash-17-european-banks-plunge-most-3-years

Did The BIS Already “Accidentally” Kick Greece Out Of The Eurozone?

http://www.zerohedge.com/news/2015-06-29/did-bis-already-accidentally-kick-greece-out-eurozone

The IMF’s hypocritical double standards in destroying Greece and then agreeing to fund Ukraine even in default [Video]

http://redpilltimes.com/the-imfs-hypocritical-double-standards-in-destroying-greece-and-then-agreeing-to-fund-ukraine-even-in-default-video/

Simple thought: Why can the UK have a Brexit referendum without consequences, but Greece cannot have a vote on an EU proposal for austerity?

http://redpilltimes.com/simple-thought-why-can-the-uk-have-a-brexit-referendum-without-consequences-but-greece-cannot-have-a-vote-on-an-eu-proposal-for-austerity/

Greece Will Open 700 Bank Branches On Thursday – For Limited Pension Withdrawals Only

http://www.zerohedge.com/news/2015-06-29/greece-will-open-700-bank-branches-thursday-limited-pension-withdrawals-only

Hirugarren hordagoka

Juncker To Greece: “Don’t Commit Suicide Just Because You Are Afraid Of Death”

http://www.zerohedge.com/news/2015-06-29/juncker-greece-dont-commit-suicide-just-because-you-are-afraid-death

Nobel Prize winner, NYT columnist Paul Krugman urges Greeks to vote NO to EU proposal. EU creditors are “fantasists”

http://redpilltimes.com/nobel-prize-winner-nyt-columnist-paul-krugman-urges-greeks-to-vote-no-to-eu-proposal-eu-creditors-are-fantasists/

How To Cover Your Ass: The Greek Edition

http://www.zerohedge.com/news/2015-06-29/how-cover-your-ass-greek-edition

Greece May Not Even Have The Funds To Conduct A Referendum

http://www.zerohedge.com/news/2015-06-29/greece-may-not-even-have-funds-conduct-referendum

Project “Make Everyone German” Has Failed…

http://www.zerohedge.com/news/2015-06-29/project-make-everyone-german-has-failed

Varoufakis Reveals Europe’s Stunning Denial Of Greek People’s Right To Vote

http://www.zerohedge.com/news/2015-06-29/varoufakis-reveals-europes-stunning-denial-greek-peoples-right-vote

Greece Will Default To IMF Tomorrow, Government Official Says

http://www.zerohedge.com/news/2015-06-29/greece-will-default-imf-tomorrow-government-official-says

ECB Strikes Back: Threatens With Greek Deposit Haircut If And When ELA Found To Be “Illegal” On Wednesday

http://www.zerohedge.com/news/2015-06-29/ecb-strikes-back-threatens-greek-deposit-haircut-if-and-when-ela-found-be-illegal-we

Massive Greek “No” Protest In Front Of Parliament – Live Feed

http://www.zerohedge.com/news/2015-06-29/massive-greek-no-protest-front-parliament-live-feed

Greece, Democracy, And Magical Thinking

http://www.zerohedge.com/news/2015-06-29/greece-democracy-and-magical-thinking

SocGen Says “Raise Cash” As Volatility, Turbulence Ahead

http://www.zerohedge.com/news/2015-06-29/socgen-says-raise-cash-volatility-turbulence-ahead

Greek Crisis: What’s Next After Capital Controls?

http://www.zerohedge.com/news/2015-06-29/greek-crisis-whats-next-after-capital-controls

ECB Says “Grexit Can No Longer Be Excluded”, Hints At More QE

http://www.zerohedge.com/news/2015-06-29/ecb-says-grexit-can-no-longer-be-excluded-hints-more-qe

Warren Mosler

Twitterrak3:

Yanis Varoufakis@yanisvaroufakis eka. 28

Capital controls within a monetary union are a contradiction in terms. The Greek government opposes the very concept.

Warren B. Mosler@wbmosler

@yanisvaroufakis There is still time for a progressive outcome

Amanasleep@ticketdust

@wbmosler @yanisvaroufakis I’ve got money on whether he picked you or @MacroEdge1 for the kicker.

Robert Parenteau@MacroEdge1

@ticketdust @wbmosler @yanisvaroufakis Amanasleep I hope your money is on Warren as my overtures to Syriza were rebuffed repeatedly. Fools.

Warren B. Mosler@wbmosler

@MacroEdge1 I don’t even pretend to know their actual agenda

2015 eka. 29

Albisteak eta Iruzkinak:

Albistea: Y. Varoufakis eta Alexis Tsipras4

June 29 (CNBC) —Despite a tweet from Greek Finance Minister Yanis Varoufakis that his government “opposed the very concept” of any controls, Greek Prime Minister Alexis Tsipras said later Sunday that he had forced the country’s central bank to recommend a bank holiday and capital controls.

Iruzkina: W. Mosler, Greek PM comments5

Zer dela eta egin zuen Tsipras-ek hori?

Greziako liderrek karta guztiarekin jokatzen ez dutelako ebidentzia gehiago6.

Albistea: Greece comments7

Greece Bailout: Eurozone Ministers to Explore ‘Plan B’ (WSJ) The first step in what has commonly been referred to as “Plan B” among Greece’s creditors would likely be the introduction of capital controls to avoid a run on the country’s banks. But in comparison to Cyprus, which implemented capital controls as part of a €10 billion bailout package from the eurozone and the International Monetary Fund, the financial situation of the Greek government is much more precarious. The eurozone portion of Greece’s €245 billion rescue package runs out on Tuesday, the same day the government has to pay €1.55 billion to the IMF.”

Iruzkina: W. Mosler

Banku gordailuak zergatzeko plana hartzekodunei ordaintzeko ala ezjakintasun handiaren jarraipena?8

Edozein kasutan, ematen du Troikaren planari baietz esatea dela, greziarrak europar hiritar zintzoak izaten segitzeko…9

Azkenean, deflazioaren aldeko politiken garaipena, jendeak inflazioa baino gehiago langabezia nahi duela erakusteko edo. (Troikaren garaipena!) Horrek funtsean esan nahi du merkataritza superabitaren bila joatea zutik dagoela10 eta, hala ere, ondokoa dugu ikusteko:

to see a currency with a persistent trade surplus and a weak currency.”

Hori guztia da Grezian eztabaidatzen ez dena. Horren ordez, ‘politika’ da nagusi, eta ondorioz, Troikaren ekonomia garaile bilakatzen da: neoliberalismoa, deflazioa, kanpo merkataritza superabitak edukitzea, enpresa erraldoien esportazioak bultzatuz,… eta noski, alboratzen dena defizit publikoa da.

Ikasiko ote dugu?


5 Ikus China cuts rates, Atlanta Fed, car sale comment, Greek PM comments: http://moslereconomics.com/2015/06/29/china-cuts-rates-atlanta-fed-car-sale-comment-greek-pm-comments/.

6 Ingelesez: “The Greek banks are ECB members, regulated and supervised by the ECB, with liquidity provided by the ECB. Should liquidity end, the ECB via the Bank of Greece simply stops making payments on that bank’s behalf. And why close the banks and prevent them from performing ongoing bank services that don’t require ECB liquidity, should it not be available as needed? Just more evidence that the Greek leaders aren’t playing with a full deck, so to speak…”

7 Ikus Warren Mosler-en Existing home sales, Greece and China comments: http://moslereconomics.com/2015/06/29/existing-home-sales-greece-and-china-comments/.

8 Ingelesez: “So after reading this and a few other articles it seems they think a ‘run on the banks’ somehow removes euro that could otherwise be used to pay creditors. This implies either some kind of plan to tax bank deposits to pay creditors or just the continued evidence of gross ignorance of their own monetary system.

9 Ingelesa: “In any case seems the most likely outcome is a yes vote for the troika plan which gives the leadership the desired political cover to go ahead and sign it and move on and remain the European citizens in good standing they’ve always been

10 Ingelesa: “And this would also be yet another victory for the ongoing deflationary policies, this time being spun as explicit support from the people, proving once again that populations dislike inflation even more than they dislike unemployment. This means the focused pursuit of a trade surplus is intact, and I’ve yet to see a currency with a persistent trade surplus and a weak currency.

Kapitulazioa? Grexit? Grexident?

Hordagoka

Ikus Infernuan ala Grexit? Agian Grexident?1

Albisteak infernutik

VIDEO Il più grande successo dell’Euro è la Grecia: diecimila suicidi

http://memmt.info/site/il-piu-grande-successo-delleuro-e-la-grecia-diecimila-suicidi

Greek PM Who Was Fired For Referendum Bluff Tells Zero Hedge “It’s Different This Time””

http://www.zerohedge.com/news/2015-06-27/greek-pm-who-was-fired-referendum-bluff-tells-zero-hedge-its-different-time

Greek Stock Market May Not Open Monday, Greek Officials Warn

http://www.zerohedge.com/news/2015-06-27/greek-stock-market-may-not-open-monday-greek-officials-warn

Greek IMF Default May Trigger €131 Billion Payment On EFSF Loans

http://www.zerohedge.com/news/2015-06-27/greek-imf-default-may-trigger-%E2%82%AC131-billion-payment-efsf-lonas

EU FinMins Admit Real Concern, Will Do ‘Whatever It Takes’ To Avoid Market Unease

http://www.zerohedge.com/news/2015-06-27/eu-finmins-admit-real-concern-will-do-whatever-it-takes-avoid-market-unease

Must read: The Greek butterfly effect. Why math crushed Greece, and why math will crush the US and EU

http://redpilltimes.com/must-read-the-greek-butterfly-effect-why-math-crushed-greece-and-why-math-will-crush-the-us-and-eu/

Bigarren hordagoka

EU Officials Unleash The Fearmongery: “The Crisis Has Commenced”

http://www.zerohedge.com/news/2015-06-27/eu-officials-unleash-fearmongery-crisis-has-commenced

IMF Confirms Greek Referendum “Irrelevant” After Program Expires On Tuesday

http://www.zerohedge.com/news/2015-06-27/imf-confirms-greek-referendum-irrelevant-after-program-expires-tuesday

Greek Parliament Votes In Favor Of Referendum

http://www.zerohedge.com/news/2015-06-27/greek-parliament-votes-referendum-live-feed

ECB Says “Greek Bank Holiday Now Necessary”

http://www.zerohedge.com/news/2015-06-28/ecb-says-greek-bank-holiday-now-necessary

G-7, EU Banking Officials Hold Emergency Calls Ahead Of Black Monday

http://www.zerohedge.com/news/2015-06-28/g-7-eu-banking-officials-hold-emergency-calls-ahead-black-monday

Draghi Freezes Greek ELA, Varoufakis Tells BBC “Looking At Imposing Capital Controls, Closing Banks”

http://www.zerohedge.com/news/2015-06-28/varoufakis-tells-bbc-looking-imposing-capital-controls-closing-banks-ecb-freezes-gre

“Spread Bet” Early Market Opening Indications: Stocks Tumble, Europe Crashes

http://www.zerohedge.com/news/2015-06-28/spread-bet-early-market-opening-levels-stocks-tumble-europe-crashes

Tomorrow: A black Monday?

Zer gertatuko da bihar?

Irtenbide bakarra

Le soluzioni e Rete MMT2

Ez dago besterik. Nahiz eta jende askok, gehiegik ez dute ikusi eta ikasi nahi, beste ‘irtenbide’ guztiak, guzti-guztiak, alferrik dira!


Infernuan ala Grexit? Agian Grexident?

Infernua

Infernuaren berezitasunak bere horretan daude1.

Albisteak infernutik

Deutsche Bank-en txostena:

http://pull.db-gmresearch.com/cgi-bin/pull/DocPull/12820-DC25/87367627/DB_SpecialReport_2015-06-22_0900b8c089d60a18.pdf

(“Our assessment of the reported changes (…) is that they represent meaningful concessions from the Greek side, if they are to be confirmed, bringing them closer to the creditor proposals.“)

Mosler-en lana2.

Ondorioa:

It now looks like the Greek leaders have thrown in the towel and offered something likely to be accepted.

Gogoratu Mosler-ek esandakoa (Grezia bidegurutzean3): Greziarrek ekonomia alboratu dute eta politikari atxiki.

Beraz, Mosler-ek dioenez: “This is politics, with all the associated risks.”

Hordagoka

Let’s put it to a vote. Tsipras announces referendum on creditors’ proposals

http://redpilltimes.com/lets-put-it-to-a-vote-tsipras-announces-referendum-on-creditors-proposals/

It’s 2 In The Morning And Greeks Are Lining Up At ATMs; Alpha Limits Online Banking

http://www.zerohedge.com/news/2015-06-26/its-2-morning-and-greeks-are-lining-atms-alpha-limits-online-banking

Finally some real democracy in the European Union. Referendum set for July 5

http://redpilltimes.com/finally-some-real-democracy-in-the-european-union-referendum-set-for-july-5/

Democracy is like kryptonite to the EU. EC President Juncker furious that Greece will exercise right to vote. Calls on EU to withdraw support

http://redpilltimes.com/democracy-is-like-kryptonite-to-the-eu-ec-president-juncker-furious-that-greece-will-exercise-right-to-vote-calls-on-eu-to-withdraw-support/

Here is the simple proposal Yanis Varoufakis should have given to the IMF’s Lagarde…

http://redpilltimes.com/here-is-the-simple-proposal-yanis-varoufakis-should-have-given-to-the-imfs-lagarde/

Here Are The Three Options Being Discussed In Brussels

http://www.zerohedge.com/news/2015-06-27/here-are-three-options-being-discussed-brussels

Greek Officials Warn “Some Banks May Not Open Monday”

http://www.zerohedge.com/news/2015-06-27/greek-officials-warn-some-banks-may-not-open-monday

Greece Blows Up Negotiations – Bank Run Has Started – Some Banks Won’t Be Able To Open On Monday

http://www.zerohedge.com/news/2015-06-27/greece-blows-negotiations-%E2%80%93-bank-run-has-started-%E2%80%93-some-banks-won%E2%80%99t-be-able-open-mon

Dijsselbloem Says Greek “Program” Will Expire On Tuesday Night, Offer Won’t Exist At Referendum Time

http://www.zerohedge.com/news/2015-06-27/dijsselbloem-says-greek-program-will-expire-tuesday-night

Varoufakis: Creditor Proposal Offers “No Hope,” Greece At “Historic Moment”

http://www.zerohedge.com/news/2015-06-27/varoufakis-creditor-proposal-offers-no-hope-greece-historic-moment

“This Is A Sad Decision”: Europe Responds To The Greek Referendum, Which Has One Massive Problem

http://www.zerohedge.com/news/2015-06-27/sad-decision-europe-responds-greek-referendum-which-has-one-massive-problem

Eurozone Rejects Greek Bailout Extension: All Bailout Programs Expire On June 30, Referendum Moot

http://www.zerohedge.com/news/2015-06-27/eurozone-rejects-greek-bailout-extension

Esperantza bakarra

“Solo in Italia esiste oggi un movimento che si oppone al totalitarismo che sta trascinando l’Europa, e forse il mondo, verso la catastrofe”4

Irtenbidea

Le soluzioni e Rete MMT5


2 Ikus Greece, in Existing home sales, Chicago Fed, Greece: http://moslereconomics.com/2015/06/22/existing-home-sales-chicago-fed-greece/.

4 Ikus VIDEOMESSAGGIO DEL PROF. ALAIN PARGUEZ AGLI ATTIVISTI MMT ITALIANI: http://www.retemmt.it/economia/item/400-videomessaggio-del-prof-alain-parguez-agli-attivisti-mmt-italiani; halaber, ikus bideoa: https://www.youtube.com/watch?v=-TKtNUojb5M.

Infernuan segituko ote du Greziak?

Infernua

Badakigu zer-nolako infernu mota den1.

Albisteak infernutik

What exactly did Russia (and China) offer Greece? Simple… some breathing room and an energy cash cow

http://redpilltimes.com/what-exactly-did-russia-and-china-offer-greece-simple-some-breathing-room-and-an-energy-cash-cow/

Alexis Tsipras fires back at “Game Over” comment from EU President / US puppet Donald Tusk

http://redpilltimes.com/alexis-tsipras-fires-back-at-game-over-comment-from-eu-president-us-puppet-donald-tusk/

Troika Offers Greece Third Bailout Program, Prepares Emergency Plan If No Deal

http://www.zerohedge.com/news/2015-06-26/troika-offers-greece-third-bailout-program-prepares-emergency-plan-if-no-deal

Of Bureaucrazies & Demoncracy: The People Must Be Overthrown

http://www.zerohedge.com/news/2015-06-26/bureaucrazies-demoncracy-people-must-be-overthrown

Greece Rejects Bailout Extension: Tsipras “Won’t Be Blackmailed”, Threatens Snap Elections

http://www.zerohedge.com/news/2015-06-26/tsipras-rejects-ultimatums-says-wont-be-blackmailed

Bill Mitchell (MMT):

Greece has only one viable path – exit”

Mitchell-en lantxoa2.

Ondorioa:

The Greek government should withdraw from any discussions with them.

Esperantza bakarra

“Solo in Italia esiste oggi un movimento che si oppone al totalitarismo che sta trascinando l’Europa, e forse il mondo, verso la catastrofe”3


2 Ikus Friday lay day – Greece has only one viable path – exit: http://bilbo.economicoutlook.net/blog/?p=31239.

3 Ikus VIDEOMESSAGGIO DEL PROF. ALAIN PARGUEZ AGLI ATTIVISTI MMT ITALIANI: http://www.retemmt.it/economia/item/400-videomessaggio-del-prof-alain-parguez-agli-attivisti-mmt-italiani; halaber, ikus bideoa: https://www.youtube.com/watch?v=-TKtNUojb5M.

Periko

periko_solabarria_omenaldia_barakaldo

1971n ezagutu nuen Periko Salabarria1 Bilboko Gran Viako ‘Sindicatos’ egoitzan, bertan nengoela Tolin Eguzkitza laguntzarekin neure burua defendatzeko, OCINCOtik bota nindutenean ordu estrak ez egiteagatik2

Han egon zen bera peoi bati laguntzeko, antzeko afera batean…

Geroago eta harrez geroztik, Periko topatzean, beti ahaidetasun handiz agurtu dut.

Gora ZU!

Ez adiorik.

PS: 1972an ANAITASUNA aldizkarian hasi nintzen zertxobait plazaratzen. Langileriak eta kapitalismoak asko aldatu dute Periko 1971n topatu nuenetik. Beste aro berri batean bizi gara. Hona hemen bi zipriztin aro berria ulertu ahal izateko:

i) ANAITASUNA aldizkaritik finantza kapitalismora: http://www.unibertsitatea.net/blogak/heterodoxia/2011/06/06/anaitasuna-aldizkaritik-finantza-kapitalismora/

ii) ANAITASUNA aldizkaritik Diru Teoria Modernora: http://www.unibertsitatea.net/blogak/heterodoxia/2014/02/24/anaitasuna-aldizkaritik-diru-teoria-modernora/.


Aukeratuko ote du Greziak infernuan segitzea?

Infernua

Hona hemen infernuaren ezaugarriak eta baldintzak:

Grexident?

Greek PM Alexis Tsipras hesitated to fully pivot to the BRICS future, and now is caught in EU no man’s land

http://redpilltimes.com/greek-pm-alexis-tsipras-hesitated-to-fully-pivot-to-the-brics-future-and-now-is-caught-in-eu-no-mans-land/

Breaking: Greece leaves Brussels Eurogroup meeting. Rumors that EU is forcing Tsipras to resign

http://redpilltimes.com/breaking-greece-leaves-brussels-eurogroup-meeting-rumors-that-eu-is-forcing-tsipras-to-resign/

Jittery Markets Seesaw With Every Greek Headline As Time Runs Out, China Replunges

http://www.zerohedge.com/news/2015-06-25/jittery-markets-seesaw-every-greek-headline-time-runs-out-china-replunges

Bundesbank Slams ECB’s “Bridge Financing” To Greece

http://www.zerohedge.com/news/2015-06-25/bundesbank-slams-ecbs-bridge-financing-greece

Stocks Tumble After Eurogroup Meeting Suspended With “No Deal In Sight”

http://www.zerohedge.com/news/2015-06-25/stocks-tumble-after-eurogroup-meeting-suspended-no-deal-sight

Grexident Looming: Eurogroup Meeting Ends Prematurely With No Deal

http://www.zerohedge.com/news/2015-06-25/greece-creditors-fail-reach-early-deal-confusion-reigns-brussels

Forget Grexit, “Madame Frexit” Says France Is Next: French Presidential Frontrunner Wants Out Of “Failed” Euro

http://www.zerohedge.com/news/2015-06-25/forget-grexit-madame-frexit-says-france-next-french-presidential-frontrunner-wants-o

Shots Fired: ECB Again ‘Threatens’ To Collapse Greek Bank System

http://www.zerohedge.com/news/2015-06-25/shots-fired-ecb-again-threatens-collapse-greek-bank-system

Merkel “Won’t Be Blackmailed By Greece”, Demands Deal Before Market Open On Monday

http://www.zerohedge.com/news/2015-06-25/merkel-wont-be-blackmailed-greece-demands-deal-monday-market-open

Game over?

EU’s Tusk To Greece’s Tsipras: “Game Over”

http://www.zerohedge.com/news/2015-06-25/eus-tusk-greeces-tsipras-game-over

Pavlina Tcherneva (MMT):

While ancient Greece was undoubtedly the cradle of Western civilization, will modern Greece become its tomb?

Greek debt disaster bodes ill for daily life

http://america.aljazeera.com/articles/2015/6/25/greek-debt-disaster-bad-daily-life.html

Europar ‘progresismo’ faltsua: hilobi ekonomikoa

Warren Mosler-ek1 Grezian eta Bill Mitchell-ek2 Italian europar ‘progresismoa’ salatu dute, gogor gainera.

Hurrengo irailean Mosler Katalunian egongo da, oporretan.

Hori dela eta, kataluniar hainbat jenderi berria eman nien, gainera hauxe gehituz, alegia, bera prest zegoela honelako hitzaldia emateko3: How to Succeed Inside the Euro Zone?

Erantzunik ez!

Eta EHn? Antzekoa.

Badirudi hala Katalunian nola Euskal Herrian gauzak oso argi daukatela.

Alta, nik irakurtzen dudana ‘europar progresismo itsuan’ sartzen da, goitik behera.

Izan ere, ekonomialari gehienek, eta sasi ezkertiar guztiek, Eurolandian sinesten dute: de facto, Greziak infernu horretan segi dezan nahi dute, haien ezjakintasuna izugarria delako.

Hala ere, irtenbiderik egon badago, malgré progre, sasi-ilustratu, kazetari, politikari eta ekonomialari asko, gehiegi, ia guztiak.

Solo in Italia esiste oggi un movimento che si oppone al totalitarismo che sta trascinando l’Europa, e forse il mondo, verso la catastrofe4


4 Ikus VIDEOMESSAGGIO DEL PROF. ALAIN PARGUEZ AGLI ATTIVISTI MMT ITALIANI: http://www.retemmt.it/economia/item/400-videomessaggio-del-prof-alain-parguez-agli-attivisti-mmt-italiani; halaber, ikus bideoa: https://www.youtube.com/watch?v=-TKtNUojb5M.