By The Slog
The illegally denied default of Greece entered a dramatic new phase this afternoon with the revelation by mainstream Greek public health website Health News that, shortly before midnight on March 8th – the eve of Greece’s psi completion on Friday March 9th – on average 70% of public utility funds in varous large, interest-bearing accounts at the Bank of Greece were raided. These included most of the State’s regional hospital budgets, various universities and (it is alleged) at least one utility company.
The shortfalls came to light late last week and this morning as various hospital purchasing cheques in particular began to bounce. The monies – estimated by one source to total some 1.4 billion euros – appear to have been used to pay off the tiny minority of private sovereign creditors who, under the original terms of their bond purchase, were entitled come what may to full payment of the bond’s yield entitlement.
full article at source:http://hat4uk.wordpress.com/2012/03/26/exclusive-greek-government-robbed-public-institutions-to-complete-bond-swap/
latest from the slog
Much of what follows is applied to a UK context. But it would apply equally to the US, the EU’s main leaders, and any other country with real global influence in one form or another.
Unless my logic and instincts are way, way off here, the growing unpopularity of the UK Coalition will accelerate during 2012-13 alongside the meltdown of the eurozone, and inevitably rising inflation. The exponentially increasing rate of those changes could cause mayhem beyond any of our imaginings. If you doubt this, just look at the effect upon voting intentions in the light of media-hysteria about The Granny Tax.
An ICM poll in the Sunday Telegraph shows Labour gaining two points, and the Tories losing two…as did the Libdems. So: Coalition -4, Opposition 2. 63% opposed the abolition of the age-related tax allowance in Osborne’s Budget.
YouGov for the Sunday Times has Labour seven points ahead of Camerlot at 42% – further evidence that the budget has produced a shift towards Labour.
full article at source:
Similar problems with the Irish political system, food or thought here?
Today we had fabulous sunshine all day
Bertie Ahern (Photo credit: Wikipedia)
Former taoiseach Bertie Ahern is to resign his membership of Fianna Fáil just days before the party’s National Executive meets to consider a motion to expel him.
In an article in the Sunday Independent newspaper, Mr Ahern said he was “deeply saddened” by the tabling of a motion to expel him from the party which he led for 14 years.
Fianna Fáil leader Micheál Martin yesterday confirmed his intention to seek the expulsion of Mr Ahern, former EU commissioner Pádraig Flynn and three others after they were criticised in the Mahon report.
Garda Commissioner Martin Callinan has instructed the head of the Criminal Assets Bureau to take charge of investigations arising out of the planning tribunal’s report which identified widespread dishonesty and corruption in public life.
full article at source:http://www.irishtimes.com/newspaper/breaking/2012/0324/breaking68.html?via=mr
This Gombeen politician should be in Jail, there are people in Jail because they have not paid their TV licence and this creep is raking in 157,000 euro from the people of Ireland every year .Where is justice in Ireland today .Corruption ,,Fraud ,bullyboy tactics and outright gansterisem is rewarded in the political system we are allowing to continue .We must now get up off our knees and take back our country from the likes of this creep and his buddies who continue to protect outright criminals on fat pensions and state perks .For God sake Ireland Get a set of Balls and get up and fight back!
Famine memorial dublin (Photo credit: Wikipedia)
Our ancestors braved the Black and Tans the great famine, Cromwell and countless British atrocities. Are we now going to allow gutless cowards in the Dail to steal our heritage as well? Are we going to lie down and comply with the unjust demands placed on our shoulders by faceless absentee landlords who have conned us out of our own country .Wake up Ireland, where are the sons and daughters of the of our once proud Celtic Nation ? Brake away from the chains of financial and economical bondage that our incompetent politicians helped to subdue our entire nation with .
I am a descended of a ssurvivor of the Famine and I will not allow gutless politicians sell me and my children into financial slavery !Who will join me ??? Like so many of our great patriots of old, I dare to get up off my knees and say enough is enough! This is the land of the Gael . Our elite political class have lost their way and sold us out to faceless bureaucrats and vested interests .They have taken the 30 pieces of silver and are tearing down the fabric of our communities.Our old and sick are dying ,our youth are been hounded out of our country in search of work and a livelihood. all because of interest payments on odious debts we the citizens are not responsible for.
Its time to shout stop! Enough is enough.Its time to rid ourselves of the political leaches in the Dail and their masters in Europe!