Greece, Eurozone Officials Agree To Extend Bailout By 4 Months – 21 February 2015

Athens and eurozone finance ministers have struck a deal to extend the Greek bailout by another four months with Greece given till Monday to present a list of reform measures they plan to take to ensure they comply with the conditions.

“It’s done! For four months,” one of the officials told AFP right after the meeting in Brussels came to an end. An hour later, the Eurogroup issued a statement confirming the deal.

“The Greek authorities will present a first list of reform measures, based on the current arrangement, by the end of Monday February 23,” the statement said.

Read the full story at: www.rt.com / link to original article

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Greece, OECD To Carry Out Joint Reforms – Prime Minister – 12 February 2015

Greece and the OECD are to establish a permanent joint committee to cooperate in implementing reforms in the country, said Greek Prime Minister Alexis Tsipras ahead of an emergency meeting with the EU.

“Today’s meeting can mark the start of a new relationship between the OECD and Greece,” said Tsipras after meeting OECD Secretary-General Jose Angel Gurria on Wednesday.

“Soon I will pay a visit to Paris where I’ll have an opportunity to officially set cooperation and consider concrete steps for its implementation,” he said, adding his government is willing to cooperate but won’t take the lead from outsiders.

Read the full story at: www.rt.com / link to original article

John Ward – No More Fundamentals: Episode 37 Of Save The World, Today’s Little Problems Are China, Australia, Greece, The Euro, France & Spain – 9 February 2015

Gold, oil in new low ranges, Blood Pressure in Eurozone up to new heights

There will be no use from now on of the F-word at The Slog. I’m referring of course to F for Fundamentals, which will now by dropped from the lexicon here, and replaced with the C word – Counterintuitive. Also featured will be the O phrase, short for OhmyGod we’re contradicting each other – quick, distract them with something else.

John Ward – Greece, The Euro & Count Dragula : The Game Of Up Is Down And Vladivostok Is Delhi Continues – 28 January 2015

Here are two things to make intelligent, commonsense investors think:

1. Why has the euro stayed at 1.34 to the Pound, despite all the “disturbing” news from Greece?

2. Why has the euro gone UP from 1.12 to the $ to 1.14 despite all the “disturbing” news from Greece?

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%.

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’s Future : Are You Buying Or Selling? – DB Bigs Up Greek Gas Reserves As Citicorp Predicts 2013 Grexit – 5 December 2012

Deutsche Bank has just issued a report saying Greece should earn €214bn from Natural Gas by 2020, based on the reserves hidden in the Mediterranean Basin south of Crete. But Citicorp says the Greeks will leave the eurozone long before that.

John Ward – Eclusive : ‘Bankfurt And The Us Out To Stop Draghi’ – German Bankers, IMF ‘Blocking ECB Plans For Bank Union And Greek Rescue’ – 14 September 2012

 

I’ve been saying for months now that Greece ‘will not be allowed’ to leave the single currency, because Merkel and Draghi accept that the chaos would be fatal for the eurozone. I also recently noted that the ‘done-deal after a suitable period of fisticuffs’ I’d predicted was surfacing. It still is: reduced interest rates on extended periods of Greek debt repayment (plus both ECB and sovereign EU member haircuts) are now being openly discussed by officials in Berlin, Brussels, and Paris.

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 – Greece Exclusive : ‘Deal Has Been Done To Pay Off Bondholders And Forgive Residue Of Debt’ – French Diplomat Source Confirms Big New Containment Plan For Greece – 12 August 2012

Samaras…big secret, upping the pace of austerity

‘What the deal does is allow another default date to come and go with everyone pretending it hasn’t happened.’

Another day, another bonkers conspiracy theory from The Slog. Greece has done a deal to put the lid on the Greek crisis? Pah! Formation of Greek/Israeli/Cyprus/US alliance? Fiddlesticks!