Foreign ministry spokesman Tanju Bilgic told Reuters: “If investigations by the Greek authorities show that the consignment is going to receivers other than those stated in the documentation, and if that is shared with us, naturally measures could be taken.”
A Bolivian-flaggedcargo ship was escorted to Heraklion port, Crete, on Tuesday night around 4:30 am after a container with an unknown quantity of undeclared weapons was discovered on board during a Greek coast guard inspection.
The ship “Hadat 1″ had set sail from Turkey and was bound for Libya, with a legal cargo of plastics. It was stopped and searched by a Greek coast guard special forces team, 20 miles off the coast of Ierapetra, Crete as part of a wide-scale operation.
New theories are beginning to emerge about the cargo of the Bolivian flagged Haddad 1 which is impounded in the port of Heraklion.
The 1976 built cargo vessel owned by Greek shipping company MESOGIAKOS NAVIGATION was travelling from Iskenderun, Turkey to Misurata in Libya when was intercepted off Ierapetra on Wednesday after a tip off.
While at first it was thought that the weapons were aimed for the IS jihadist fighters in Libya, authorities are now considering other possible scenarios; the type of weapons found are not the assault rifles favoured by IS in the area, the Kalashnikov AK47 or the American M16 recovered from retreating regular forces in combat areas.
by Lou Collinsin UncategorizedComments Off on Greece Crisis, the musical (GREASE PARODY)
American business magnate, one of the world’s most successful investors, Warren Buffett has reportedly bought the Greek island of Agios Thomas for 15 mln euro, according to the website of the Greek newspaper Proto Thema and became yet another celebrity with his own piece of Greece.
by Lou Collinsin NewsComments Off on Brussels gives Britain a ‘slap in the face’ over Greek rescue deal as crucial parliament debate looms
European Commission will use €7bn from an EU bail-out fund for Greece, forcing George Osborne to gain concessions that Britain will not lose any money.
This morning, the European Commission announced it would be mobilising funds from the European Financial Stability Mechanism to provide €7bn in bridging loans for Greece. The move is a significant blow to the British government, which contributes to the fund through its contribution to the EU budget. Here’s our story from earlier:
The European Commission has ignored David Cameron’s objections to using British taxpayer money to keep Greece from going bankrupt over the summer.
Greece’s existing insolvency laws exclude a bail-in of the debt, according to Fitch Ratings.
So – one of the conditions for total capitualtion to German/EU supremacy is?
International creditors led by Germany are demanding that Greece agree by July 22 to adopt the European Union’s Bank Resolution and Recovery Directive, known as the BRRD, which makes it easier to impose losses on senior creditors and depositors.
“The landscape appears to be set for the banks to be restructured and for the potential bail-in of bank debt,” said Michael Doran, a partner at law firm White & Case in London, who advised on the resolution of Cypriot banks in 2013.
Meanwhile, it is crystal clear that Germany has sponsored policies hoping to bring down Tsipras’ government in Athens.He has decided he wants a deal after all, a very poor decision, in my opinion, especially after the resounding “no” he campaigned for.
One of the demands Germany has placed for a deal is Greece put up €50 billion collateral for further loans, no doubt islands and state-owned enterprises at bargain-basement prices. Greek citizens are upset, and riot police have been called out, but so far the situation is calm. It won’t be if Greece agrees to this deal.
by Lou Collinsin NewsComments Off on Sunday’s Vote Will Determine Liberty Or Serfdom
For any readers who have questioned WHY we keep covering the Greek news – Paul Craig Roberts summarises the importance to all our lives
What we are witnessing today, is that after 2,500 years in the Western World only the current Greek government is interested in democracy. The Greek government, to the surprise and consternation of every other European government, has called a referendum for the Greek people to decide the fate of Greece. For resorting to democracy, the Greek government has been universally denounced in the Western World.
So much for Western democracy.
If the Greeks vote for their oppressors and against their own government, democracy in the EU will cease to exist.
2,500 years ago Greeks saved their independence from the Persian Empire. Sunday’s vote will tell us whether Greeks have again served liberty or whether they have succumbed to Washington’s Empire.
The fate of all Europeans and of Americans themselves will be settled on Sunday.
by Lou Collinsin NewsComments Off on AP Shames Merkel on Greece; LaRouche Urges Story Be Spread
Among others locations, the AP report appeared at USNews on July 2, just as the IMF reluctantly made public its [leaked] staff report which acknowledged that at least 50-60 billion euros of Greece’s unpayable debt has to be relieved. That would be only 20% of Greece’s current debt, but Germany received relief from nearly half of its debt in 1953, when Greece was one of its creditors.
Larouche repeatedly emphasizes that the trans-Atlantic financial system cannot avoid collapse without imposing a “global Glass-Steagall” reorganization on the Wall Street and London-centered megabanks, and writing off their worthless debt “assets.” The bailouts of Greece were swindles which bailed out only these banks, he showed in analysis in late February, and the so-called “Greek debt” both unpayable and illegitimate.
Almost uniquely, LaRouche sees how this collapse leads to London using its puppet Barack Obama to provoke war with Russia and China.