We are on the eve of another historic talk of progress, this time between Greece and Russia, which should led the Greeks leaving the Eurozone as the latter is trying to sweeten the pie a bit more while the German government is maintaining its inflexible posturing.
The Russians continue to gain high scores from the wary and oppressed nations of Eurasia, and all the mainstream media could do is gnashing their teeth in rage, spewing doomsday speculations and verses of scornful denials.
The Nazionist boat is sinking.
The rats are jumping ship. We need to return the favor and watch the biggest show on Earth with hawkish eyes.
“While Tsipras is still in Moscow, Greece is expected to make a €463.1 million payment on IMF loans. By the end of May, another €768 million is due.
If Varoufakis goes back on his statement and Greece does default on its loans from EU creditors, leave the eurozone and shared currency, and then ask Moscow for a few billion to get by – the situation would shock almost everyone and spark chaos across financial markets since Greece has repeatedly said it intends to pay off its massive €324 billiondebt.
The reason the EU came to Athens’ rescue with two bailouts totaling €240 billion was to protect the euro currency, which is shared by 18 countries including Greece.
So far, Athens has signaled it wants to keep borrowing from the EU, but just under different terms. If for some reason Greece decides to default on its IMF debt, it would be the first developed country to ever do so.” more »
Athens Looks to Moscow for Help as Berlin Burns With Anger
Greek Prime Minister Alexis Tsipras is set to visit Moscow this week, where it’s reported Russia may offer Greece a discount on gas deliveries and new loans. The visit comes amid a huge row between Greece and Germany over a bailout deal for the Mediterranean country.
A Kremlin spokesman said that Russian President Vladimir Putin and Tsipras planned to discuss economic ties and EU sanctions during their talks, which the newspaper Kommersant said would take place on Thursday.
“We are ready to consider the issue of a gas price discount for Greece,” the newspaper said, quoting an unnamed Russian government source. The source said that in exchange for the discount and some unspecified loans, Russia would want access to Greek assets.
The news comes as many say Greece has been forced to look outside the EU for state aid because of the punitive bailout deal forced on Greece largely by Germany, which has been vehement and is calling for a massive austerity-push in the Mediterranean nation to prevent it falling out of the EU.
The bailout — the latest of which involves Greece paying $494 million in loan repayments to the IMF this Thursday — was caused by the Greek economy crashing. The EU — led by Germany and the European Central Bank — forced the Greek government into a harsh austerity package, which has proved deeply damaging to Greek society and immensely unpopular.
Tsipras was swept to power in the latest election on a promise to hit back at the EU sanctions package and renegotiate the bailout terms with the EU, which Germany has strongly rejected.
Greeks: A Bunch of Clowns
Matthew Lynn, British financial journalist and author of ‘Bust: Greece, the Euro and the Sovereign Debt Crisis’ told Sputnik Tsipras’ visit to Moscow was inevitable.
“It’s not that much of a surprise and it’s kind of a reminder at the end of the day that Greece has cards to play. They are not getting a lot of love from Berlin and Brussels as the moment and the Russians have always been kind of interested in Greece. They’ve fought wars in the Crimea and they’ve always wanted a port in the Mediterranean, so they have strategic interests there and the Greeks can play that card,” Lynn told Sputnik.
Lynn said, however, the Greek government is partly to blame for joining the Euro in the first place.
“They are acting like a bunch of clowns. You come back to the fundamental problem with the Euro, which is that it is a dysfunctional currency. Like a dysfunctional marriage, nobody comes out of it well.”
“It’s like a divorce: it’s hard to pick sides. Usually both sides are behaving very badly and I think that’s what we’re seeing at the moment. The Germans are being far too harsh on the Greeks: they can’t afford more austerity, their economy’s been shattered. But at the same time the Greeks are acting fairly childishly.
“It’s a very extreme left-wing government with not a lot of experience in administration. The bottom line is: it’s a mess. The best thing for the Greeks would be to come out of the Euro,” Lynn told Sputnik.
Russia Ready to Discuss Gas Discount, New Loan With Greece
The Russian government reportedly is willing to hold talks with Greece on the possible allocation of new loans and a discount on the price of gas.
MOSCOW (Sputnik) – The Russian government is willing to hold talks with Greece on the possible allocation of new loans and a discount on the price of gas, the Kommersant newspaper reports.
“We are ready to discuss the issue of providing Greece with a discount on gas: under the contract, its price is tied to the price of oil, which has dropped significantly in recent months. We are also ready to discuss the possibility of issuing new credit to Greece,” an anonymous government source told the Russian daily on Tuesday.
According to the source, Russian authorities are interested in acquiring certain assets in Greece and that would be the condition for the allocation of additional loans, should the issue be discussed.
Greek Prime Minister Alexis Tsipras will meet with Russian President Vladimir Putin on Wednesday. According to Kommersant, the visit is highly significant for the Russian government, which seeks to establish warmer relations with the European Union.
The new Greek government, led by the left-wing Syriza party, has taken a pro-Russian stance, calling for the economic sanction imposed on Moscow by the European Union over the Ukrainian crisis to be lifted.
Greece, which imports around 65 percent of its natural gas from Russia, also intends to deepen energy cooperation with Moscow, with the proposed Turkish Stream pipeline set to carry Russian gas across Greece.
Meanwhile relations between Greece and the European Union became strained after Tsipras announced that Greece could abandon austerity obligations imposed on Athens by the troika of international creditors, which includes the European Union, the European Central Bank (ECB) and the International Monetary Fund (IMF).
Greece’s debt to the troika is estimated to stand at around $270 billion. Athens and Eurozone finance ministers agreed on the extension of Greece’s bailout for four months in February, with Greece having promised to implement a range of economic reforms. The bailout deal expires in late June.
Read more: http://sputniknews.com/business/20150407/1020554205.html#ixzz3Wd5uFVT0
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