Friday 29th of March 2024

The EU should be applauding mister fix-it...

big deal for greece...

A deal to jointly build an extension of the Turkish Stream gas pipeline across Greece will help Athens to settle its multibillion euro debt to international creditors, President Vladimir Putin said at the St. Petersburg International Economic Forum.

Talking to the representatives of international media at the Forum, Putin said he didn’t see any support for Greece from the EU, RIA Novosti reports.

“If the EU wants Greece to pay its debt then it should be interested in the Greek economy growing,” Putin said. “The EU should be applauding us. What’s bad about creating new jobs in Greece?” he said, commenting on Russia’s preliminary gas deal with Greece.

 read more: http://rt.com/business/268546-russia-greece-gas-deal/

 

conspiracy theory...

Like prizefighters, the two sides of the negotiations over the Greek bailout have been circling each other, throwing punch after punch.

On Friday, Greece’s prime minister, Alexis Tsipras, headed to Russia and suggested he was looking for “safe harbors,” while the day before officials at the European Central Bank sent gasps through Athens by declaring that Greek banks might not open on Monday.

It is a mesmerizing slugfest, if only because it is so out of step with the way things are usually done in the pastel corridors of the European Union headquarters in Brussels, where agreements are hashed out behind closed doors and all parties emerge with smiles and set scripts.

Perhaps as never before, Europe — and indeed the world — are witnessing a messy public negotiation, where each side seems willing to predict the end of civilization as we know it unless the other caves in.

read more: http://www.nytimes.com/2015/06/20/world/europe/greek-leader-pressuring-eu-lenders-cozies-up-to-putin-in-russia.html?_r=0

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It is a bit mean for the US media to sarcastically comment in this crazy state of affairs... The whole Greek caper started when Greece previous CONservative (allied to the US) government "borrowed" "dirty" moneys from US banks without telling the EU... From then on it was as if the US had planned the whole thing to "destroy" Europe's economy in a very well planned double-cross GFC... MY conspiracy theory-meter is going full-bore here. Once the Greek problem is sorted out, the US banking system will make a move on Portugal, Spain and Italy...

Meanwhile, the European Community is loosing money hand over fist by the "sanctions" imposed on Russia to please their US masters. No-one is under any illusions... Crimea IS RUSSIAN. Any conflict the USA wants to have with Russia will destroy Europe in the process. And the Chinese will get involved. Most sane persons in Europe would recognise that Ukraine is now run by thugs — capitalist thugs, but thugs nonetheless.

Lifting sanctions against Russia could actually bring European unemployment down by at least 3 per cent to less than 9 per cent. The USA is discreetly happy for the sanctions to hurt Europe as much as the Russians who now have made deals with the Greeks, and the other members of BRIC, especially China and India. 

The Russian and the Chinese are now planning to build aircraft-making facilities that will challenge Boeing and Airbus. Chinese workmanship and Russian know-how which one cannot turn their nose at, since they are NOW selling high class jetfighters to India and to China that have better capabilities than the F-35, minus the $250,000 helmet.

 

The Chinese motto on this alliance is: "Let's fly Chinese-made large aircrafts in the blue sky."

still buttering the bread...

 

 The European Central Bank (ECB) on Friday moved to keep Greece's sinking financial system afloat, raising the cap on its Emergency Liquidity Assistance (ELA) by 3.3 billion ($3.7 billion), according to an unnamed Greek banking official.

The source said the ECB Governing Council responded to a request from the Bank of Greece.

The decision comes amid reports of massive capital flight, as many Greeks seek to secure their assets over fears that their country could default by the end of the month and drop out of the eurozone.

Fear of bank runs

On Thursday alone, deposit outflows topped more than 1 billion euros, raising the total amount savers have pulled to at least 4.2 billion euros since talks between Athens and its international creditors collapsed last weekend. That's over 2 percent of estimated household and corporate deposits at the end of April.

"Money is going out of the Greek banks faster than at any time before," said an EU official, who spoke only on condition of anonymity because of the sensitive nature of the situation.

 

read more: http://www.dw.de/ecb-extends-liquidity-lifeline-for-greek-banks/a-18527440

 

Most likely, the cash is going "overseas" in the US, Australia and the Bahamas...

 

and "sanctions"?...

Itera, a 100% Rosneft subsidiary, and General Electric signed an agreement of intent regarding natural gas processing cooperation at the St. Petersburg International Economic Forum.

The parties agreed to evaluate opportunities for potential cooperation on natural gas processing using GE technology for low-tonnage liquefied natural gas (LNG) production.

In particular, the agreement covers analysis of opportunities to cooperate on establishing LNG production at Bratskecogas assets, as well as potential joint work on deploying GE technology and equipment to boost the company’s efficiency and production capacity.

http://www.eurasiareview.com/19062015-rosneft-and-ge-agree-on-cooperation-for-lng-production/