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Greek coastguard seizes shipment of weapons……..

Greek coastguard seizes shipment of weapons……..

According to some newspapers:

Greek authorities have arrested crew members aboard a vessel reportedly carrying weapons to Islamic State forces in Libya

No further details have been made public about the vessel, its specific cargo or its origin and destination. The vessel is reportedly not registered in Greece.

ISIS Weapons In Europe? Greek Coast Guard Seizes Islamic State Ship Smuggling Ammunition

Authorities have not yet confirmed whether it was connected to the Islamic State group, also known as ISIS, and said more information would be released later in the day.


Greek Coast Guard intercepts aid container full of weapons, firearms, likely intended for Muslim refugees


The Turkish government claimed the weapons were destined for the Sudanese police force and were fully documented.

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.”


Ship Carrying Undeclared Weapons to Arrive in Heraklion, Crete

A Bolivian-flagged cargo 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.

Weapons on board Haddad 1 may have been aimed at the Cretan market

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.

So which is it?

One of the above – or none of the above?

Greece Crisis, the musical (GREASE PARODY)

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.

Maybe he likes the music?

Or he’s waiting for the fat lady to sing?



Many a true word said in jest?

Many a true word said in jest?

Brussels gives Britain a ‘slap in the face’ over Greek rescue deal as crucial parliament debate looms

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:

Quote The European Commission has ignored David Cameron’s objections to using British taxpayer money to keep Greece from going bankrupt over the summer.

Brussels announced today that it would press ahead with plans to use a moribund EU-wide rescue fund – the European Financial Stabilisation Mechanism – to provide a €7bn emergency loan to Greece.

The plans are set to force the Government in to an embarrassing climbdown, riding roughshod over a “black and white” agreement the Prime Minister had brokered with fellow EU leaders promising the money would never be used to rescue a eurozone economy.

Should the EFSM loan go ahead, the Treasury will be exposed to around €690m of risk in order to help Greece avoid bankruptcy until the end of July.

European Commission vice-president Valdis Dombrovskis said the EFSM represented the “the best possible avenue” to provide bridge financing for cash-strapped Greece.

“This is not an easy option, some member states have serious concerns,” admitted Mr Dombrovskis.

Chancellor George Osborne was in Brussels yesterday, and dismissed the idea as a “complete non-starter”.

“The eurozone needs to foot its own bill,” said Mr Osborne.

Live updates

Bail-in coming to Greece

Bail-in coming to Greece

Following on from

Why Is The EU Forcing European Nations To Adopt ”Bail-In” Legislation By The End Of 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.



Greece Offered “Temporary” Grexit

Greece Offered “Temporary” Grexit

Here’s the actual draft proposal

There’s an alternative version


The reality:

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.

Imo these two scenarios are still possible:


Syriza minister vows to veto TTIP

Syriza minister vows to veto TTIP

That was back in February 2015

Georgios Katrougkalos, the country’s deputy minister for administrative reform, promised his government would block the deal.

Speaking to EurActiv Greece, Katrougkalos said:

I can assure you that a Parliament where Syriza holds the majority will never ratify the deal. And this will be a big gift not only to the Greek people but to all the European people.

If TTIP is to become a reality, it will need to pass a unanimous vote of the European Council and then be ratified by all 28 member states.

Could add a whole new dimension to the Greek bail out/bail in/ troika takeover?

I wonder what the EU definition of ‘debt sustainability’ actually is…..


Greece says “OXI” The people say “NO”

Greece says “OXI” The people say “NO”


and then the delaying tactic from the EU

Finance Ministers “Would Not Know What To Discuss” After Greferendum Stunner

Just out from Reuters:



Sunday’s Vote Will Determine Liberty Or Serfdom

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.

AP Shames Merkel on Greece; LaRouche Urges Story Be Spread

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.