Cash Outlawed In Greece

[Breaking News Breaking News]

HIGHLIGHTS-Greek FinMin unveils tax reform, wage policy
Tue Feb 9, 2010 11:37am EST

ATHENS, Feb 9 (Reuters) - Greece outlined on Tuesday its public sector incomes policy and a tax reform bill, as part of an EU-endorsed plan to increase state revenues and reduce its huge deficit.

Bonds

The following are comments by Greek Finance Minister George Papaconstantinou at a press conference:

IMPACT OF REFORMS

"The total benefit of our incomes policy will be around 800 million euros.

EU

"EU partners and markets will closely monitor the implementation of our fiscal plan, I believe that the response will be positive. The measures that we have announced are becoming action"

TIME FOR CHANGE

"The time has come for major changes, the country can't afford to wait any longer"

TAXATION

"From 1. Jan. 2011, every transaction above 1,500 euros between natural persons and businesses, or between businesses, will not be considered legal if it is done in cash. Transactions will have to be done through debit or credit cards"

"With the new tax scale, there is a shift of the burden from low and middle income to high incomes.

"There's tax relief for incomes up to 40,000 (euros)"

"Taxable income based on the new scales will include capital gains from the short-term trading of stocks"

REFORMS

"The income policy frame and the tax reform are part of the government's wider effort to clean up fiscal finances ... and open new roads for growth. We all know the difficult situation the country is in, we all know the government has submitted to the European Commission a stability and growth plan.

"We all know that the public sector wage policy is full of injustices ... which have been formed by adding up various allowances without a central direction.

"Everyone needs to contribute clearly to the big effort to save our economy. It is necessary to contain the cost of wages and (have) a just distribution of the burden between workers."

TAXATION

"Every autonomous taxation ... for special professions, like engineers, architects, taxis, gas station owners and kiosks is abolished"

BANK DEPOSITS

"Deposits in banks outside Greece are exempted from audits of their origin if they are repatriated within six months of the passing of the tax bill and are taxed with a 5 percent rate"

PUBLIC PENSIONS

"Public sector pensions will increase by 1.5 percent, except those above 2,000 euros a month"

PUBLIC SECTOR WAGE CUTS

"We need to contain the public wage bill and fairly share out the burden".

"The wage cuts will begin from 18 euros a month, reaching 345 euros a month for court officials. In percentages, it will be between 1 and 5.5 percent"

"The impact on low-income earners will be mitigated by lower taxes on middle and low incomes"

"The public sector wage income bill increased by 88 percent since 2001, far above the GDP increase"

REFORMS

"Income policy and the tax changes are in the framework of cleaning up public finances.

SPENDING CUTS

"There will be no wage increase for the prime minister and ministers and their allowances will be cut by 10 percent."

"Wages of board members in unlisted state companies will fall by 50 percent"

"The budget bill for allowances and compensations will be cut by 10 percent"

(Reporting by the Athens bureau)

http://www.reuters.com/article/idUSLDE61824V20100209

[Mercy Now]

 I  realize this is off the title topic but if I'm understanding the article correctly Greece is asking other EU countries to  bail them out? Is that correct?

"EU partners and markets will closely monitor the implementation of our fiscal plan, I believe that the response will be positive. The measures that we have announced are becoming action"

[Anu-021413]

Sounds more like they're doing what they've been told in order to avoid more induced economic collapse. In other words, they're crying "Uncle."

[Breaking News Breaking News]

Greece is Ready to Explode

February 16, 2010
(for Henrymakow.com)


Greece is a boiling pot ready to explode. Things are going to turn ugly and soon as society here is fed up with illegal immigration and the deconstruction of our founding values. And I dont mean the "orange" riots of December 2008. I mean real riots...  Here is how we got to this crisis:

After the military dictarorship ended in 1974, the Greek political scene has been dominated by two families (Papandreou and Caramanlis). The Papandreou clan has been the oldest political clan in Greece starting its involvement with public life at around 1923 in the royal court of Greece

This clan was established by George Papandreou senior. He rose to political monolithism after the extermination of the WW2 leadership of Greece under Ioannis Metaxas and Alexander Koryzis. After the mysterious deaths of these leaders, he was handpicked by the allies to represent the sovereign Greek government in Cairo.

He was married to Sophia Mineiko a Polish-Jew whose father built fortification walls for Turks during the liberation of Northern Greece in the 1910s. Information about the family is scarce, even on the internet. To cut a long story short, after WW2 George Papandreou senior reigned in the public life from 1945 until 1967.

His son Andreas Papandreou reigned from 1981 until his death in 1996. A dual American Greek citizen,  Trotskyist at the age of early 20s, to the point he left Greece under Metaxas in 1938, to then persue a career as a lecturer and proffesor in the Harvard University(!!)

He married Margaret Chant in 1951 (she gave birth in Minnesota to the current prime minister and is a controvercial personality involved in dubious ngo projects and excerts great inluence on George Papandreou). He returned to Greece in 1959 where he served in several important positions (chief advisor to his father, deputy prime minister) after  rennouncing his American citizenship.

George Papandreou Jr. ruled from 1981-1989 and 1993-1996. In these goverments,  the current prime minister served as Minister of education and he was able to start the de-christianization process which now  is in full blown motion. As foreign minister, he planted the seeds of the defeatism in Greek foreign policy.


SCANDAL


Papandreou's was involved in a huge scandal and cover up in the States (apart from the ones in Greece), that rocked the Greek-american community.This involved a Greek bank (Ktimatiki Bank),which lured Greek-americans with high interest returns, and evasion of the IRS.

However the whole scheme scheme went wrong, as the FBI infiltrated the gameplay, and this resulted to a lot of people losing their savings and serving many years in prison.The money trail back to the "pink villa" where Papandreou lived with his mistress who later became his second wife, in a posh suburb of Athens. (The scheme was in the region of 700 million dollars in the 1980s.)

Despite the overwelming evidence (all the money ended up in the Papandreous family coffers), no one was charged for the scheme apart from some small fish trying to make 15% on their petty cash stash.

One would think that because of a Chavez-like anti American rhetoric on which he was elected, the Americans would use this opportunity to put him in prison. Even the MI6 was puzzled at the time. Even CNN, when broadcasting this newstory, cut the sattelite link to Greece (satelite was brand new then here) in order for the story to get burried.

Papandreou died in 1996 and was suceeded in a internal party coup in which a crypto jew (Costas Simitis whose father was minister of the guerilla communist government with high royal connections) took the leadership of the party and ruled Greece until 2004. By cooking stats and data, Simitis managed to get us in the Eurozone and pillage all Greeks savings through a stock market swindle.


WHATS GOING ON NOW

 

While all the political parties in Greece have a share to the current situation, the Papandreou clan did the biggest damage. With the import of immorality, nepotism and   dubious loylties and dependacies, this family has been the caretaker of the imperial grand plan of destroying the Greek people values, religion and ideals.

All this with the destruction of education and the criminalisation of the treasures of Greek orthodox religion, literature,  and philosophy as well as patriotism. Even referring to tyhis destruction is enough for someone to be labelled as a fascist by all pollitically correct media whores. To give the final push, Papandreou wants to legalize all Asian and African Muslim hordes that have invaded our country with the financing of the Turkish mafia and extremist Saudis. "Progressives" refer to them as war refugees.

Usually the refugees are women, children and aged people, not males 20-30 y.o.I believe Papandreou is on a mission to destroy Europe along with Greece. He will achieve that firstly by economic means. This man has given bad publicity to the Euro, has managed to sink the Greek economy and also create problems for the Eurozone (not that immoral and greedy Europeans don't deserve it) .

Also with his Soros, Rockerfeller funded NGO-driven policy on immigration, he is preparing troubles for Europe as well. He promised the sky to the Greek people, only to tell them that due to the economy, we are going to lose part of our sovereignity. Sovereignity is lost only through war.
The alibi he has is  the odious debt and his clan's policies that have never benefited our country.

----

Alex Zachus is  35 years old, lives in Athens. He studied economics in Britain; is married and is a church going person, currently looking for a job.

http://www.henrymakow.com/greece_is_read...plode.html

[Breaking News Breaking News]

Are US Taxpayers Bailing Out Greece?

Last week we were reminded that ours is not the only country suffering from severe economic turmoil.  The Greek government is the latest to come close to default on their massive public debt.  Greece has insufficient funds in their treasury to make even the minimum payments that are now coming due.  Their debt level is about 120 percent of their gross domestic product and their public sector absorbs what amounts to 40 percent of GDP.  Any talk of cutting costs and spending is met with violent protests from the many Greeks heavily dependent on government payments.  Mounting fears of default have sent shockwaves through their creditors and all of the eurozone countries.

But there have been statements made by the European Central Bank to calm fears and give assurances that Greece will get the aid it needs.  Details of agreements are not forthcoming.

Is it possible that our Federal Reserve has had some hand in bailing out Greece?  The fact is, we don’t know, and current laws exempt agreements between the Fed and foreign central banks from disclosure or audit.

Greece is only the latest in a series of countries that have faced this type of crisis in recent memory.  Not too long ago the same types of fears were mounting about Dubai, and before that, Iceland.  Several other countries (Spain, Portugal, Ireland, Latvia) are approaching crisis levels with public debt as well.  Many have strong ties to Goldman Sachs and the case could easily be made that default could have serious implications for big US banking cartels.  Considering the ties between the Fed and these big banks, it is not outlandish to wonder if the US taxpayer is secretly bailing out the entire world, country by country, even as our real unemployment tops 20 percent.  Unless laws are changed to allow a complete and meaningful audit of the Federal Reserve, including its agreements with foreign central banks, we might never know if this is occurring or not.

This global financial crisis is a predictable result of secretive central banking and unsound fiat currency.  Governments are entirely committed to this system of fiat money and fractional reserve banking for obvious reasons: it enables them to do what they love most, namely, spend hoards of money with near impunity.  Without the limitations of sound money, governments will spend without limit.  They will spend money to hire their cronies, pay off special interests, give out favors, create dependence and generally distract from the terrible job they do at their chief mandate, which is to protect the liberties of the people.  Fiat money is a blank check to government, which is very dangerous, and we are witnessing the death throes of the system as the bills come due and the underlying capital is squandered away.

Because of our globe-straddling empire and lingering reserve currency status, perhaps no one has a more vested interest in keeping this system cobbled together than our own government and the Federal Reserve.  The agreements that Iceland and Dubai and Greece have negotiated can amount to little more than kicking the can down the road, as their overall spending habits remain largely intact, fiat currencies are still legal tender and more debt is issued on top of unsustainable debt.  The American people have the right to know if they are going to be the ones holding the bag in the end because the Federal Reserve secretly put them on the hook for it.  This knowledge would be a key factor in peacefully dismantling this immoral and unconstitutional system.

Posted by Ron Paul (02-16-2010, 01:29 PM)

http://www.house.gov/htbin/blog_inc?BLOG...tail.shtml