Tag: government

July 27, 2012 0

Results, Results, Results

By News Desk

Today the Financial Times reports Barroso pushes Greece to show results José Manuel Barroso has urged Greece to accelerate reforms after two years of foot-dragging if it wants to stay in the eurozone, saying Athens needed to show “results, results, resultsâ€. The European Commission president, making his first visit to Greece since it sought assistance from the EU and International Monetary Fund in 2010 to avert a sovereign default, stressed that delays in implementing agreed measures had undermined the country’s credibility with its partners, adding: “Actions are more significant than words.†Mr Barroso’s strongly-worded message, delivered after a two-hour meeting with premier Antonis Samaras, came after leaders of the three-party coalition government endorsed in principle a €11.5bn package of spending cuts for 2013-14 that were agreed with creditors six months ago but kept on hold during two successive election campaigns.

July 25, 2012 0

Spain 2-Year Treasury Yield Tops 7%, Inversion Between 5 and 10 Year Yields; Spain Sovereign Debt Restructuring Coming Up

By News Desk

Spain 2-Year Treasury Yield Tops 7%, Inversion Between 5 and 10 Year Yields; Spain Sovereign Debt Restructuring Coming Up Posted by Michael Shedlock at 1:49 AM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy.

July 24, 2012 0

Libya 2.0: Media Hysteria Over Syria "Bombing" City of Aleppo

By News Desk

Ironically, NATO’s subsequent "protection of civilians" flattened several cities across the country , slaying thousands of civilians.  Syria’s Violence in Context The Syrian military cannot, however, rule out the use of airstrikes considering the overt manner in which foreign interests such as the US, Israel , and the Gulf States are increasingly sending heavily armed militants over their borders to destabilize their nation. It must be taken into consideration that FSA militants have been conducting indiscriminate bombings across Syria for months now, and with their latest assassinations and offensive, have shed the ability to play to role of "victim-civilians."  Image : The West’s "lightly armed" FSA.

July 23, 2012 0

Western Geopolitical Blitzkrieg in Sudan

By News Desk

July 23, 2012 (Images & captions added)  The protests that have broken out in Sudan are, on the surface, the manifestation of legitimate grievances.  Portrayed in the Western media as a direct response to austerity measures implemented by Sudanese President Omar al-Bashir , these protests indicate a strong current of dissatisfaction among the people of the country.  However, seen from a broader, more critical perspective, the demonstrations are the tangible fruits of a carefully constructed destabilization campaign incorporating opposition political parties, civil society groups, non-governmental organizations (NGOs), Hollywood celebrities and Western financiers.  These powerful forces have aligned against the government in Khartoum in order to execute the geopolitical agenda of the imperialist ruling class in the West. The Development of the Protests The immediate impetus for the protests, which broke out in recent weeks in and around the capital of Khartoum, was the announcement of the removal of fuel subsidies.  This troubling development, coupled with other austerity measures such as the reduction of government jobs and the devaluation of the currency, were designed to mitigate the effects of soaring inflation in Sudan.  However, because of the integral role of fuel prices in the Sudanese economy, the move seemed to spark mass indignation.  In a country already dogged by high unemployment and rampant poverty, these difficult decisions inflamed already high tensions throughout the country.   Image : Areas in red are either being destabilized, already wrecked (Libya), while areas in blue include areas of American influence, or in Iraq’s case, recent occupation replaced with a covert presence