Greece stops dead as Government introduces payments freeze, and importers demand cash up front

Posted on May 29, 2012 by

Facing the threat of a delay in the disbursement of bailout instalments from the Troika, Greece’s caretaker government has suspended rebates and payments to suppliers of the public sector. All loans by banks to any business, regardless of viability, have been stopped. In the absence of safe ways to sell, 74% of Greek companies are focused on debt reduction. And foreign companies importing to Greece are demanding money up front.

The Troika’s crazy austerity and repayment schedules demand a Greek economy going at Full Ahead Both. It is now on Silent All Stop.

Thanks to cut-off threats from Berlin-am-Brussels, the Athens government has stopped paying suppliers, foreign importers will not ship until upfront cash has been received and confirmed, and banks have been instructed to lend nothing to either domestic or business borrowers.

The personal loans ban has been framed in the light of a suffen rush for ‘credit’ alongside massive withdrawals. Loans by banks were running at €11bn euros a month. From here on they will be zero.

Meawhile, the insolvency and supply problems for drugs at retail level in Greece has predictably backed upstream. Greek GPs are owed €620m. The provision of primary medical care and medicines to about 9 million people is very close to collapse due to the accumulated debts of the National Organization for the Provision of Health Services (EOPPY), as the government has reneged on its promise to settle all arrears to private suppliers of the old insurance funds (that now make up EOPPY) by the end of March. The money involved – a total of around €1.7 billion – spookily isn’t there any more: it went to pay off the last of the bondholders.

full article at source: http://hat4uk.wordpress.com/2012/05/28/euroblown-greece-stops-dead-as-government-introduces-payments-freeze-and-importers-demand-cash-up-front-24/

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EUROPE TO US CONTAGION: Episode 1 in the coming complete crock of nonsense.

Posted on May 28, 2012 by

Reblogged from A diary of deception and distortion:

The U.S. Federal Reserve is well equipped to deal with any fallout from Europe’s escalating debt crisis, a top official said today.

“There’s absolutely no reason for people in the United States to get all in a dither,” Federal Reserve Bank of Philadelphia President Charles Plosser said in an interview with The Wall Street Journal.

Mr. Plosser said that in the short run, uncertainty in Europe might even work in the U.S.

Read more… 48 more words

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The ESM is a 700 billion trap!

Posted on May 28, 2012 by

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(Direct Democracy) Is this the way Ireland should go??

Posted on May 27, 2012 by
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Afghan authorities: NATO air strike kills eight civilians

Posted on May 27, 2012 by

ISLAMABAD, Pakistan — Afghan authorities on Sunday said a NATO air strike killed a family of eight at their house in eastern Afghanistan.

If confirmed, the attack could anger Afghan leaders at a time when Washington needs Kabul’s cooperation in carrying out a blueprint for engagement after the U.S. wraps up its troop withdrawal in 2014.

The air strike occurred at about 8 p.m. Saturday in the Gerda Serai district of Paktia province, a volatile region along the Pakistan border. Rohulla Samoon, spokesman for the Paktia governor’s office, said a NATO air strike had killed eight civilians — Mohammed Shafi, his wife and his six children — all of whom were inside their house at the time.

Samoon said there is no evidence that Shafi was a Taliban insurgent or linked with Al Qaeda. “Afghan security forces were not informed about the operation,” Samoon said. “Our concern is why (Western coalition) troops don’t share these issues with Afghan security forces. If they had shared this with us, this wouldn’t have happened.”

full article at source: http://latimesblogs.latimes.com/world_now/2012/05/afghan-authorities-nato-air-strike-kills-eight-civilians.html

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Syrian forces shelling ‘kills at least 90′ in Houla.

Posted on May 27, 2012 by

 Warning: contains images of dead bodies.

Syria‘s fragile peace process is in shreds after what was claimed to be a regime-backed massacre left 32 children among more than 90 dead and triggered a wave of international revulsion. As UN observers in the central town of Houla confirmed one of the bloodiest death tolls of the 15-month revolt against President Bashar al-Assad, rebels said they were on the brink of abandoning a negotiated plan to end the conflict.

Videos uploaded to the internet and purporting to be from Houla show many dead and badly mutilated infants. Residents say some victims were killed with knives, while many more died from 18 hours of relentless shelling that left buildings wrecked and homes destroyed in a large residential area near the centre of town.

Major General Robert Mood, head of the UN team in Syria, deplored the attack, which began at midday on Friday, as “indiscriminate and unforgivable” but did not say who had been to blame. Syrian state television blamed “terrorist gangs”.Syrian authorities on Sunday denied responsibility for the massacre. A foreign ministry spokesman, Jihad Makdesi, told reporters in Damascus: “Women, children and old men were shot dead. This is not the hallmark of the heroic Syrian army.”

Opposition activists reported fresh shelling on Sunday, with residential districts in Hama and the rebel-held town of Rastan coming under attack from government troops. The UK-based Syrian Observatory for Human Rights also reported clashes between troops and rebels in Hama, in the Damascus suburb of Harasta and in the capital’s central Midan district.

full article at source: http://www.guardian.co.uk/world/2012/may/27/syria-condemnation-violence-children?newsfeed=true

Comment:

What can I say? That I haven’t said before  If you haven’t done so in the past please do so now write call and sent an e-mail to your local TD  and the UN demanding that Assad and his henchmen be brought to trial for the murder of these children. No Government must be allowed to carry out such atrocities on its own people. These pictures are so horrible I feel sick ,where is the United Nations? How can Russia and China now continue to support this monstrous regime? These thugs must be brought to Justice  !

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Shane Ross calling for a No vote in the referendum.

Posted on May 27, 2012 by

Independent Dublin South TD Shane Ross has ended weeks of silence by declaring he will be calling for a No vote in the referendum.

Mr Ross used the pages of his former employer The Sunday Independent to announce his decision today.
In a column, he claimed that he was “passionately pro-European” but said he could not vote yes because “we are being compelled to vote in a twilight zone”.
“The full package is shrouded in uncertainty. Little light will be shed on it until long after the polls close on Thursday,” he said.
The normally outspoken Mr Ross had until today refused to state publicly his voting intentions. He had been one of six parliamentarians who had called for the referendum to be postponed and had unsuccessfully tried to introduce legislation in the Dail that would have the effect of delaying the poll.

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