Tag Archives: Greek austerity
Greek austerity win win for banksters
The plan developed by the Greek government and its international creditors to recapitalize the country’s banks involves an unusual twist as stock offerings go: the new shares in the banks will give investors free and potentially lucrative warrants that will entitle them to buy many more shares in the future at a predetermined price. http://www.nytimes.com/2013/06/26/business/global/greek-bank-bailout-plan-may-reward-some-involved-in-collapse.html?ref=world […]
Greece shuts down public broadcaster
Greek opposition leader Alexis Tsipras earlier urged President Carolos Papoulias to cancel an executive order closing public broadcaster, ERT. Mr Tsipras described the closure as “illegal”, adding: “Many times the word ‘coup’ is used as an exaggeration. In this case, it is not an exaggeration.” http://www.bbc.co.uk/news/world-europe-22871734 Protest rallies are being held in support of the […]
Dirty Babylon 