Mish/Mike Shedlock – Prisoner’s Dilemma Game In Greece; Contagion-Spread Eurozone Breakup More Likely Now; How Will Greece NOT Pay Back €320 Billion? – 10 December 2013

This happened because demand for foreign goods collapsed in the wake of 27.3% overall unemployment and a shockingly high 57.9% youth unemployment.

The Coming Greek Default

In spite of a current account surplus, Greece’s overall debt load is unsustainable.

Here are a couple of key details: Greece has €320 billion in sovereign debt. Greece’s debt-to-GDP ratio is 174%.

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Earthquake In Greece: A 6.4 Magnitude Quake Shakes Crete – 14 October 2013

Reposted on Truth Frequency Radio
Oct 13, 2013

The US Geological Survey recorded a 6.4 magnitude earthquake Saturday off the coast of Crete.
USGS

Christian Science Monitor

Earthquake in Greece: A major quake shook Greece but caused little damage and no serious injuries were reported. The magnitude 6.4 earthquake Saturday was centered off the coast of the island of Crete.

Read the whole story at: www.truthfrequencyradio.com / link to original article

John Ward – Greece Breaking : One Third Of Greek Deficit Lost To Tax Evaders, Greek Elites Earn Twice As Much As They Claim – 16 August 2012

New research nails structural evasion as being endemic among the powerful

Tax cheats have robbed Greece of some 11.2 billion euros, say Greek and American researchers who used bank records to analyse the likely tax evasion level.

The method is precisely the one used by private   banks to determine the real income of loan seekers. Surprise, surprise, this is more accurate than looking at tax records, often themselves falsified in the first place. The study concluded that the true income of the average Greek is about 1.92 times larger than the tax declaration.

John Ward – Euroblown : American Influence On The Greek Government Waning – Sources – 9 August 2012

Intrigue, austerity denial, side-deals, and economic collapse: but the bottom line is ‘debt monetisation’

Coalition dilemma…which way is up?

Senior sources close to Greek Opposition MPs are claiming this morning that those calling the shots in the ruling Coalition of Antonis Samaras do not view a return to the drachma with American support as “a viable alternative to staying within the EU”. The Troika’s abrupt change of attitude to Greece is also suggesting to some observers that “some kind of secret deal” has been done between the ECB and Athens to both reassure the Troikanauts, and keep the Greeks onside. But it’s clear the Germans aren’t on board with this.

John Ward – Greece Breaking : Athens Caretaker Government Forced To Raid Recapitalisation Budget To Keep Going – 25 May 2012

The Slog has learned that Greece’s Accounting Office produced an internal briefing paper this week warning that tax revenues are likely to miss hoped-for targets by some €1.35 billion. While some of what follows has been reported in the newspaper Kathimerini, the real rate of decline in tax receipts has been understated.

John Ward – Euroblown : Merkel “Fears Greek Distractions Will Torpedo Currency Union” – Summint Signposts : Hollande’s Eurobond, And Greece’s Banks – 23 May 2012

Can Hollande offer what Merkel wants?

The poker game that is non-negotiable bailout terms v Greek exit threat continues, but most of the propaganda is now coming from Berlin-am-Brussels. A German source suggested last night that Merkel is adamant that Greece must not derail the dash to Fiscal Union. If Francois Hollande gets his way, however, the Greeks will not be required to call the EU’s bluff – or vice versa.

John Ward – Euroblown : Troika Cancels Athens Visit As Greece Heads For Second Election – 9 May 2012

Shrewd Tsipras builds bridges as Venizelos refuses Mandate, talks behind scenes to Troika.

In a first for Greek politics, Evangelo Venizelos (left) the leader of Greece’s PASOK Party refused to accept the President’s mandate before he’d been offered it. This breaks the record set by Antonis Samaras last Monday, in giving up on the task after 210 minutes.

John Ward – Think Not What You Can Do For The European Union…… But Rather Think About What It’s Doing To You – 12 March 2012

Tonight, the Eurozone finance ministers are due to approve the bailout package for Greece. The MSM widely expects them to do so. As the earlier Slogpost today argued clearly, if they do, it will be because they can only keep their third-rate currency zone and anti-democratic Union going by dealing with crooked people as addicted to the gravy train as they are. Those supposedly representing their citizens in the Athens Government have, in turn, acquiesced in every increasingly bonkers Troika demand for austerity and repayment, because not to do so would take away their seedy access to the People’s money. My God, I’m sounding like a 1970s agitprot Trot. That’s how unpleasant this crew are.