Do you still believe that the Greek government wants to save Greece?

 
.
THE RESULTS AFTER 4 YEARS. OFFICIAL DATA: 
.
A) DEBT
.
The Greek government debt at the end of 2009 (before the “rescue” plan be started ), had stood at €298 billion, or. 127% of GDP ( IMF 2011a,37).
.
On January 10, 2013 – after paying interest and installments, and after a large haircut, the government debt rose to € 322 billion or 160.88% of GDP. 
.
Today, July 20, 2013, the Greek government debt is almost € 381 billion or 192.28% of GDP ! 
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B) UNEMPLOYMENT 
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Αt the end of 2009 unemployment rate was 9,5% ( EurostatΣτο 9,5% η ανεργία στην Ελλάδα το 2009…
.
Unemployment rate in March 2013 was 27,4% (CNBC.com),  and now is bigger.
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C) The country 
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Greece is shunned from the markets and has become a laughing stock, she has lost any semblance of standing and sovereignty, and after the debt restructuring, she is bankrupt and under foreign administration.
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WHICH WERE THE REAL “PROBLEMS” TO BE SOLVED WITH THE RESCUE PLAN:
.

1) The greek GDP’s growth

Date GDP € Mill.
2008 233,198€
2007 223,160€
2006 208,622€
2005 193,050€
2004 185,266€
2003 172,431€
2002 156,615€
2001 146,428€
2000 137,930€
1999 131,936€
1998 121,985€
1997 119,937€
1996 109,734€
1995 100,717€
They solved the problem:  the cumulative loss of GDP exceeds 25%  !!
.

2) Our Assets 

a) Greece Is Not Poor – It Actually Has Massive Untapped Reserves Of Gold, Oil And Natural Gas The country’s unexploited assets, reserves and resources were no secret to anyone, as it was well known since 1981 that Greece joined the then EEC(of nine members) with three advantages : its commercial shipping, its mineral resources and the Greeks’ sharp business acumen.(Gaston Thorn, EEC President ,1981)  

b) Greece was one of the very few western countries, maybe even the only one, which owned significant public property and very profitable state-owned utilities. She also had important areas in the economy such as high quality agricultural products, tourism and shipping, where there is no real fear of labour competition from developing countries (China, India, Russia etc) as happens with german and other industries. 

c) Other advantages: low overall external debt, geostrategic position, a priceless cultural heritage and over the last decades Greece was the number one global shipping power. For example, in 2009, the total Greek external debt compared to GDP was 167% and, globally as well as in Europe, Greece was lagged far behind countries such as Ireland which came first with 1000%, Holland with approximately 470%, Britain with 416% and Portugal with 223%

Now,  almost all these advantages disappeared and the assets are not ours anymore. 

3) We, the Greek people 

Before the rescue plan, we were normal europeans. We had a home, food, medicine and … a country .

Now, the majority of the population live below the poverty line, and a lot of people are in danger of losing their freedom because they can’t pay taxes and fees anymore. Day by day, more and more persons no longer have access to food, shelter, medicine and medical care, schools and hospitals are closing, parents are forced to leave their children in various institutions as they can no longer afford to care for them,  long forgotten diseases have reappeared,  the centre of Athens is now a ghetto and all big cities are swarming with homeless people. There is a reign of terror over society, the dignity of the Greek nation has been smashed to pieces and the whole country is suffering from depression.

About 600 000 people has already migrated from Greece, a lot have committed suicide and others die because they lack access to health care, food, etc.

WHO:  Suicide rates (per 100,000), by gender, Greece, 1960-2009. …

Note:  in whole 2009 we had a total of 391 suicides. In 2012, in a single semester with a smaller population, we had 1300!  See the full article in greek Αυτοκτονίες 1960-2009 και σήμερα. Επίσημα στοιχεία

So, as you see, they are also near to solve the problem named … greeks. 

Related post and evidence:

– The greek dictatorship / La dictature grecque

– The decoding of the Greek debt crisis

– Greek financial crisis: The full story

– Greece: at the edge of the abyss

– IBTimes: Greece to Lose another 195,000 Jobs in 2013 on Business Closures

– Daily Mail: Middle class parents in Greece are dumping their children in orphanages so they won’t starve

– To the Prosecutor of ICC: Save Greece! Save the cradle of western civilization 

[ In Greece there are hundred of indictments of high treason against the greek government but because justice are not working, we are speaking already about crimes against humanity . For this reason we was obliged to demand help from the ICC ]

Greece Debt Clock :: The National Debt of Greece

http://www.nationaldebtclocks.org/debtclock/greece

   National Debt of Greece on January 10, 2013

321,873,480,493 €

Source: Greek Government Data

Comment: Includes the 34bn Euro EU/IMF loan (£27bn / $44bn) in December 2012. Excludes 14.8bn to be given in 2013

The Figures

Interest per year: 43,351,485,952€

Population: 11,309,885

GDP: 200,067,764,068€
Interest per second: 1,375€
Citizen’s Share: 28,459€

Debt as % of GDP: 160.88%  source https://justiceforgreece.wordpress.com/2013/01/10/το-σύνδρομο-νταχάου-της-ελληνικής-κοι/

Greece   National Debt of Greece, on July 21, 2013, 16:20

380,683,312,422 €

Source: Greek Government Data

Comment: Includes the 34bn Euro EU/IMF loan (£27bn / $44bn) in December 2012, and the 3.24bn Euro loan in Jan 2013

The Figures

Interest per year: 49,434,518,938€

Population: 11,309,885

GDP: 197,979,118,193€

Interest per second: 1,568€

Citizen’s Share: 33,659€

Debt as % of GDP: 192.28%

http://www.nationaldebtclocks.org/debtclock/greece

PLEASE SUPPORT THE GREEK PEOPLE IN ANY POSSIBLE WAY !

You must stand on our side not on the side of the greek government ! 

12 comments on “Do you still believe that the Greek government wants to save Greece?

  1. The New York Times EDITORIAL:

    Wrong Prescription for Greece

    Published: July 9, 2013Greece and its financial overseers agreed on terms for continued bailout payments on Monday. The agreement is cause for relief — without it Greece would go bankrupt. But, at the same time, it is no cause for celebration — indeed, quite the opposite. Greece must eventually carry out painful reforms. But the precondition for these reforms is not the austerity demanded by the agreement but economic revival.

    Greece is already in critical condition and Monday’s agreement will only make things worse. Years of austerity and depression have poisoned Greek politics, idled more than one in four of its workers (and nearly two in three of its young people) and torn holes in its social safety net.

    These sacrifices have choked off investment and squandered human resources. Experts say there is little chance that further sacrifices will revive Greece’s economy or make its debt burden more sustainable. Yet that is just what the European Commission, European Central Bank and International Monetary Fund have again insisted on. Greece’s prime minister, Antonis Samaras, felt he had no choice but to accept. He agreed to cut public-sector paychecks and eliminate 15,000 Civil Service jobs — not by attrition, but by dismissing the current jobholders.

    Greece’s Civil Service is bloated, patronage-ridden and inefficient, and it clearly needs reform as part of a broader program of economic renewal and revival. But throwing thousands more out of work when the unemployment rate is 27 percent is not a promising path to real reform, especially when done on the orders of foreign bankers. The last such round of public-sector cuts, in June, which shut down the state broadcasting system, badly backfired and nearly shattered Mr. Samaras’s fragile governing coalition.

    Monday’s agreement also calls for a staggered payment schedule that will allow the lenders to suspend bailout payments if Greece has not met its job-cutting commitments by July 19.

    In brief, the more implausible austerity becomes as an economic remedy, the more unchallengeable it seems to become as a political mantra. Its most consistent advocate, Chancellor Angela Merkel of Germany, is up for re-election this September. She is unlikely to change her tune — which is popular among German taxpayers — before that. Nor is she likely to change it if she wins another term.

    Other lenders like the International Monetary Fund seem more troubled by evidence that austerity has done real damage to the Greek economy. But that realization has, so far, brought no change in policy and no relief to suffering Greeks.

    Meet The New York Times’s Editorial Board »

  2. Greek Bail-Out: 77% went into the Financial Sector

    Attac investigation shows: EU crisis management policy saves banks, not the general population

    Since March 2010, the European Union (EU) and the International Monetary Fund (IMF) have applied 23 tranches comprising €206,9 billion to the so-called “Greek bail-out”. They have however provided hardly any documentation on the exact usage of those huge amounts of public funds. ATTAC Austria has therefore put up an investigation on the issue: At least 77% of the bail-out money can directly or indirectly be attributed to the financial sector.

    The results in detail:

    €58,2 billion (28,13%) were used to recapitalise Greek banks – instead of restructuring the too big and moribund sector in a sustainable way and letting the banks’ owners pay for their losses.
    €101,331 billion (48,98%) went to creditors of the Greek state. €55,44 billion of these were used to repay maturing government bonds – instead of letting the creditors bear the risk for which they had received interest payments before. Another €34,6 billion served as incentive to make creditors agree to the so-called “haircut” in March 2012. €11,3 billion were used in a debt buyback in December 2012, when the Greek state bought back almost worthless bonds from its creditors.
    €43,7 billion (22,46%) went into the national budget or couldn’t be definitively attributed.
    €0,9 billion (0,43%) were used as Greek contribution to the new bail-out fund ESM.
    Sources: http://www.attac.at/uploads/media/backgroundmaterial_bailout_english.pdf

    “The goal of the political elites is not the rescue of the Greek population but the rescue of the financial sector”, Lisa Mittendrein of ATTAC concludes. “They used hundreds of billions of public money to save banks and other financial players – and especially their owners – from the financial crisis they caused.”

    POLITICAL ELITES DISTORT PUBLIC VIEW OF “RESCUE PACKAGES”

    These findings refute the position publicly taken by European politicians that it is the Greek population who benefit from the so-called “rescue packages”. They are rather the ones paying for the rescue of banks and creditors by suffering from a brutal course of austerity and its well-documented catastrophic social consequences.

    BILLIONAIRES AND HEDGE FUND BENEFIT

    Among those actually rescued is the multi-billion Latsis clan, one of the richest families in Greece, owning large parts of the state-rescued “Eurobank Ergasias”. (1) Speculators benefited, too: During the debt buyback in December 2012, the hedge fund Third Point pocketed €500 million with the aid of European public funds. (2) “When Barroso, the President of the European Commission, labels the so-called Greek bail-out an act of solidarity, you have to ask: Solidarity with whom?”, Mittendrein comments. (3)

    ANOTHER €34,6 BILLION IN INTEREST PAYMENTS

    A maximum of €43,6 billion (22,46%) of the so-called “rescue packages” went into the Greek national budget. However, this amount has to be seen alongside other state expenses during the same period which didn’t benefit the general population. More than €34,6 billion were yet again paid to creditors as interest payments for outstanding government bonds (2nd quarter 2010 to 4th quarter 2012 (4)). Moreover, the Greek state put another €10,2 billion into military spending (2010 and 2011 (5)). According to insiders, the governments in Berlin and Paris pressure Greece not to cut military spending because that would affect German and French arms companies. (6)

    NOT THE FIRST BANK BAIL-OUT

    “The so-called Greek bail-out turns out to be another bail-out for banks and wealthy individuals”, Mittendrein says. European banks have already received €670 billion of direct state support (not including guarantees) since 2008. (7) Still, the financial sector in Greece and all over Europe remains unstable. This is once again proven by the recent disbursement of two more tranches dedicated to bank recapitalisations comprising €23,2 billion since December 2012.

    POLITICAL ELITES FAIL TO IMPLEMENT NEEDED REGULATIONS…

    The Greek state’s haircut hit local banks so hard that the state is forced to go into debt again to save them with a billion-euro bail-out. “In the five years that passed since the financial crash, Europe’s politicians have failed to regulate the financial markets and adopt a bankruptcy regime for banks. So taxpayers are still forced to help out in case of losses, while the banks’ owners are getting away scot free. The governments have to stop giving this kind of blackmailing opportunity to the financial sector”, Mittendrein criticises.

    …AND RESCUE CORRUPT GREEK BANKING SECTOR

    What’s even worse is that billions of bail-out money go to Greek banks even though some of them only meet the official conditions by resorting to dubious methods. In 2012, a Reuters report exposed the banks’ scandalous practices of using a Ponzi scheme of offshore companies to shove unsecured loans on to each other. They did this to appear to still be able to attract private capital and thus meet the conditions for state recapitalisation. (8) “While the European and the Greek political elites demand blood and tears from the ordinary Greek people, they turn a blind eye to the secret deals amongst financial oligarchs, who are in fact the main beneficiaries of the bail out money given to Greece”, confirms economist Marica Frangakis, a member of the Athens-based Nicos Poulantzas Institute, and a founding member of ATTAC Hellas.

    INTRANSPARENT HANDLING OF PUBLIC FUNDS

    “Our results reveal that the main goal of our governments’ crisis management policy since 2008 has been to save the fortunes of the wealthiest. The political elites accept tremendous unemployment, poverty and misery – to save a financial sector beyond remedy. The Austrian government has taken part in this inhuman course of action for years, too”, Mittendrein adds. It is furthermore alarming that those in charge at the Troika and the EFSF are barely documenting their handling of public funds. “It is a scandal that the European Commission publishes hundreds of pages of reports but fails to specify where the money went to exactly”, Mittendrein explains. “We call upon those responsible to impose real transparency and prove who is actually benefiting from the payments.”

    RADICAL CHANGE OF POLICY IS OVERDUE

    A radical change of course is overdue in European crisis management policy. “Our governments save European banks and the wealthy with billions and billions of public funds while pretending to their voters that the money is transferred to the Greek population. This has to stop”, Mittendrein and Frangakis demand. Banks “too-big-to-fail” have to be split and return to serving public welfare instead of private profits. Creditors and the rich have to pay their share of the crisis’ costs while the financial sector must be severely regulated. “After three years of devastation caused by imposed austerity, Greece is in need of real rescue packages that actually reach the general population”, Lisa Mittendrein concludes.

    MORE BIZARRE DETAILS

    Moreover, the investigation conducted by ATTAC brought to light several bizarre details of the so-called “Greek bail-out”:

    Several times, EU and IMF reneged on their announcements and withheld promised disbursements by weeks or even months to put pressure on Greek democracy: in autumn 2011 to prevent a referendum on austerity policy; in May/June 2012 to raise the chances of Troika-friendly parties in the national elections. By withholding promised funds, the Troika forces the Greek government to issue short-term bonds to avoid imminent bankruptcy. Since those “treasury bills”, maturing within a few weeks or months, carry a higher interest rate, this actually increases Greek government debt. This serves as further evidence that debt reduction is not the Troika’s main interest, but rather a pretext to push forward the destruction of the welfare state and workers’ rights.
    A tranche of €1 billion disbursed in June 2012 was primarily used to finance Greece’s compulsory contribution to the EFSF-replacement ESM. Thus, the EFSF financed its own successor – yet not directly but by raising Greek government debt.
    Klaus Regling, managing director of EFSF and ESM, has switched between politics and the financial sector numerous times during his career. Before joining the EFSF, he worked in turn for the German government, the hedge fund Moore Capital Strategy Group, the European Commission’s Directorate-General for Economic and Financial Affairs and the hedge fund Winton Futures Fund Ltd. Regling thus stands as a symbolic example of the intertwining between financial markets and politics which partly explains why the EU’s crisis management policy is primarily aimed at saving the financial sector.
    According to its Annual Accounts, the EFSF’s personnel costs amounted to €3,1 million in 2011. (9) According to media reports, 12 people worked for the EFSF in this year, (10) so an average €258.000 was spent per person. Managing director Klaus Regling allegedly earns €324.000 plus extra pay per year (11). People making these amounts of money supervise the reduction of the Greek gross minimum wage to €580 per month (€510 for youths) (12).

    http://www.attac.org/en/node/13703

  3. δείτε σχετικά “Τα αποτελέσματα της διάσωσης της Ελλάδας σύμφωνα με τα τελευταία στοιχεία της EUROSTAT (23.04.2014)”

    Τα αποτελέσματα της διάσωσης της Ελλάδας σύμφωνα με τα τελευταία στοιχεία της EUROSTAT

    τα καινούργια δεδομένα:

    ΑΕΠ / GDP € Mill.

    222,151 δις ευρώ (2010)
    208,532 δις ευρώ (2011)
    193,347 δις ευρώ (2012)
    182,054 δις ευρώ (2013)

    ΚΥΒΕΡΝΗΤΙΚΟ ΧΡΕΟΣ / DEBT

    329,514 δις ευρώ (2010)
    355,141 δις ευρώ (2011)
    303,936 δις ευρώ (2012)
    318,703 δις ευρώ (2013) – real 321 δις

    Όσο για την ανεργία, σύμφωνα με τα στοιχεία που δημοσιεύτηκαν τον Φεβρουάριο του 2014, η Ελλάδα ήταν η πρωταθλήτρια της Ευρωπαϊκής Ένωσης με ποσοστό ανεργίας 27,5%!

    ( February 2014 – Euro area unemployment rate at 11.9%, and Greece was the leader with 27,5% ) http://epp.eurostat.ec.europa.eu/cache/ITY_PUBLIC/3-01042014-AP/EN/3-01042014-AP-EN.PDF

  4. Greece Defaults on IMF Loan Despite New Push for Bailout Aid

    By GABRIELE STEINHAUSER and VIKTORIA DENDRINOU in Brussels and NEKTARIA STAMOULI in Athens
    Updated July 1, 2015 12:12 a.m. ET
    680 COMMENTS

    Greece became the first developed country to default on the International Monetary Fund, as the rescue program that has sustained it for five years expired and its creditors rejected a last-ditch effort to buy more time.

    The Washington-based fund said the Greek government failed to transfer €1.55 billion ($1.73 billion) by close-of-business on Tuesday—the largest, single missed repayment in the IMF’s history.

    The failure to pay the IMF was a dramatic, if anticipated, conclusion to a day full of unexpected twists and turns. On Tuesday morning—with the clock ticking toward the midnight expiration on the European portion of Greece’s €245 billion bailout—officials in Athens said they were working on a new solution to the four-month old impasse with creditors.

    By the afternoon, Prime Minister Alexis Tsipras had asked for a new rescue program—the country’s third in five years—to help pay for some €29.15 billion ($32.52 billion) in debt coming due between 2015 and 2017.

    Late Tuesday, Greek officials were also raising doubts over their plans for a referendum planned for Sunday, in which the government had asked its citizens to vote against pension cuts and sales-tax increases demanded by its creditors.

    read more

    http://www.wsj.com/articles/some-greek-banks-to-open-for-pensioners-1435653433

    Greece’s Debt Due: What Greece Owes When

    Greece is negotiating with its eurozone creditors to get more aid before the indebted government runs out of cash. Here’s what Greece owes, when.

    By Charles Forelle, Pat Minczeski and Elliot Bentley
    Last updated June 30, 2015 at 6:25 p.m. ET | Published Feb. 19, 2015 at 2:09 p.m. ET

    Greece’s Debt Due

    Show debt due in:

    Individual Repayments

    Creditor Due Date Amount Description Rate
    IMF June 30, 2015 OVERDUE €1,547,968,745 Loan under the IMF’s first bailout program for Greece, in 2010.*
    Treasury bill holders July 10, 2015 €2,000,000,000 Short-term treasury bills 2.30%
    IMF July 13, 2015 €453,064,023 Loan under the IMF’s first bailout program for Greece, in 2010.*
    Treasury bill holders July 17, 2015 €1,000,000,000 Short-term treasury bills 2.70%
    ECB July 20, 2015 €2,095,880,000 Bonds held by ECB exempted from the 2012 default 3.70%
    ECB July 20, 2015 €1,360,500,000 Bonds held by national central banks exempted from the 2012 default 3.70%
    EIB July 20, 2015 €25,000,000 Bonds held by the European Investment Bank; exempted from the 2012 default 3.70%
    Treasury bill holders August 7, 2015 €1,000,000,000 Short-term treasury bills 2.75%
    Treasury bill holders August 14, 2015 €1,400,000,000 Short-term treasury bills 2.70%
    ECB August 20, 2015 €3,020,300,000 Bonds held by ECB exempted from the 2012 default 6.10%
    ECB August 20, 2015 €168,000,000 Bonds held by national central banks exempted from the 2012 default 6.10%
    IMF Sept. 4, 2015 €302,042,682 Loan under the IMF’s first bailout program for Greece, in 2010.*
    Treasury bill holders Sept. 4, 2015 €1,400,000,000 Short-term treasury bills 2.97%
    Treasury bill holders Sept. 11, 2015 €1,600,000,000 Short-term treasury bills 2.70%
    IMF Sept. 14, 2015 €339,798,017 Loan under the IMF’s first bailout program for Greece, in 2010.*
    IMF Sept. 16, 2015 €566,330,029 Loan under the IMF’s first bailout program for Greece, in 2010.*
    Treasury bill holders Sept. 18, 2015 €1,600,000,000 Short-term treasury bills 2.70%
    IMF Sept. 21, 2015 €339,798,017 Loan under the IMF’s first bailout program for Greece, in 2010.*
    Treasury bill holders Oct. 9, 2015 €1,400,000,000 Short-term treasury bills 2.97%
    IMF Oct. 13, 2015 €453,064,023 Loan under the IMF’s first bailout program for Greece, in 2010.*
    Treasury bill holders Nov. 6, 2015 €1,400,000,000 Short-term treasury bills 2.97%
    IMF Dec. 7, 2015 €302,042,682 Loan under the IMF’s first bailout program for Greece, in 2010.*
    Treasury bill holders Dec. 11, 2015 €2,000,000,000 Short-term treasury bills 2.97%
    IMF Dec. 16, 2015 €566,330,029 Loan under the IMF’s first bailout program for Greece, in 2010.*
    IMF Dec. 21, 2015 €339,798,017 Loan under the IMF’s first bailout program for Greece, in 2010.*
    IMF Jan. 13, 2016 €453,064,023 Loan under the IMF’s first bailout program for Greece, in 2010.*
    IMF March 7, 2016 €302,042,682 Loan under the IMF’s first bailout program for Greece, in 2010.*
    IMF March 16, 2016 €566,330,029 Loan under the IMF’s first bailout program for Greece, in 2010.*
    ECB April 11, 2016 €22,800,000 Bonds held by ECB exempted from the 2012 default Six-month Euribor + 0.075%
    ECB April 11, 2016 €30,000,000 Bonds held by national central banks exempted from the 2012 default Six-month Euribor + 0.075%
    IMF April 13, 2016 €453,064,023 Loan under the IMF’s first bailout program for Greece, in 2010.*
    IMF June 7, 2016 €302,042,682 Loan under the IMF’s first bailout program for Greece, in 2010.*
    IMF July 13, 2016 €453,064,023 Loan under the IMF’s first bailout program for Greece, in 2010.*
    ECB July 20, 2016 €1,446,070,000 Bonds held by ECB exempted from the 2012 default 3.60%
    ECB July 20, 2016 €821,800,000 Bonds held by national central banks exempted from the 2012 default 3.60%
    EIB July 20, 2016 €20,000,000 Bonds held by the European Investment Bank; exempted from the 2012 default 3.60%
    IMF Sept. 7, 2016 €302,042,682 Loan under the IMF’s first bailout program for Greece, in 2010.*
    IMF Sept. 19, 2016 €146,548,729 Loan under the IMF’s second bailout for Greece, in 2012.†
    IMF Dec. 7, 2016 €302,042,682 Loan under the IMF’s first bailout program for Greece, in 2010.*
    IMF March 17, 2017 €146,548,729 Loan under the IMF’s second bailout for Greece, in 2012.†
    ECB April 4, 2017 €48,000,000 Bonds held by ECB exempted from the 2012 default Six-month Euribor + 0.09%
    ECB April 20, 2017 €1,185,800,000 Bonds held by ECB exempted from the 2012 default 5.90%
    ECB April 20, 2017 €168,000,000 Bonds held by national central banks exempted from the 2012 default 5.90%
    Private investors July 17, 2017 €1,500,000,000 Bonds issued by Greece (2014 and later)
    IMF July 18, 2017 €293,097,459 Loan under the IMF’s second bailout for Greece, in 2012.†
    ECB July 20, 2017 €2,412,206,000 Bonds held by ECB exempted from the 2012 default 4.30%
    ECB July 20, 2017 €1,455,700,000 Bonds held by national central banks exempted from the 2012 default 4.30%
    EIB July 20, 2017 €10,000,000 Bonds held by the European Investment Bank; exempted from the 2012 default 4.30%
    IMF Sept. 19, 2017 €146,548,729 Loan under the IMF’s second bailout for Greece, in 2012.†
    IMF Dec. 4, 2017 €157,829,765 Loan under the IMF’s second bailout for Greece, in 2012.†

    http://graphics.wsj.com/greece-debt-timeline/

  5. Statement by the IMF on Greece

    Press Release No.15/310
    June 30, 2015

    Mr. Gerry Rice, Director of Communications at the International Monetary Fund (IMF), made the following statement today regarding Greece’s financial obligations to the IMF due today:
    “I confirm that the SDR 1.2 billion repayment (about EUR 1.5 billion) due by Greece to the IMF today has not been received. We have informed our Executive Board that Greece is now in arrears and can only receive IMF financing once the arrears are cleared.
    “I can also confirm that the IMF received a request today from the Greek authorities for an extension of Greece’s repayment obligation that fell due today, which will go to the IMF’s Executive Board in due course.”

    IMF COMMUNICATIONS DEPARTMENT
    Public Affairs Media Relations
    E-mail: publicaffairs@imf.org E-mail: media@imf.org
    Fax: 202-623-6220 Phone: 202-623-7100

    http://www.imf.org/external/np/sec/pr/2015/pr15310.htm

    Δελτίο Τύπου 15/310
    ΓΙΑ ΑΜΕΣΗ ΔΗΜΟΣΙΕΥΣΗ 30 Ιουνίου 2015 Διεθνές Νομισματικό Ταμείο
    Ουάσιγκτον, ΗΠΑ

    Δήλωση του ΔΝΤ σχετικά με την Ελλάδα

    Ο κύριος Τζέρι Ράϊς, Διευθυντής Επικοινωνίας του Διεθνούς Νομισματικού Ταμείου (ΔΝΤ), έκανε σήμερα την ακόλουθη δήλωση σχετικά με τις οικονομικές υποχρεώσεις της Ελλάδας προς το ΔΝΤ οι οποίες λήγουν σήμερα:
    «Επιβεβαιώνω ότι η αποπληρωμή του ποσού ύψους 1,2 δισεκατομμυρίων Μονάδων Ειδικών Τραβηκτικών Δικαιωμάτων (περίπου 1,5 δισεκατομμύρια ευρώ), η οποία έπρεπε να γίνει σήμερα από την Ελλάδα προς στο ΔΝΤ, δεν έχει παραληφθεί. Ενημερώσαμε το Διοικητικό Συμβούλιο ότι η Ελλάδα τώρα διατελεί σε καθυστέρηση της πληρωμής και ότι μπορεί να λάβει χρηματοδότηση από το ΔΝΤ μόνο μετά την καταβολή των καθυστερούμενων.
    «Μπορώ επίσης να επιβεβαιώσω ότι το ΔΝΤ έλαβε σήμερα από τις Ελληνικές Αρχές ένα αίτημα για την παράταση της υποχρέωσης αποπληρωμής η οποία έληξε σήμερα, το οποίο θα προωθηθεί στο Διοικητικό Συμβούλιο εν ευθέτω χρόνω.»

    Click to access pr15310g.pdf

  6. ΠΑΡΑΛΟΓΙΣΜΟΣ 2016

    Κατά το έτος 2007, δηλαδή ένα χρόνο πριν ξεκινήσει η παρούσα κρίση, τα έσοδα του τακτικού προϋπολογισμού προϋπολογίζονταν σε 51,8 δισ. ευρώ. Με τον Προϋπολογισμό του 2016, η Κυβέρνηση προϋπολογίζει τακτικά έσοδα ύψους 48,4 δισ. ευρώ, δηλαδή μειωμένα μόλις κατά 6,5% σε σχέση με την προ της κρίσης περίοδο.

    Όμως, κατά το διάστημα αυτό, το ΑΕΠ, αλλά και τα εισοδήματα που δηλώνουν οι πολίτες και οι επιχειρήσεις, έχουν μειωθεί κατά περίπου 28%.
    Κατά το έτος 2007, τα έσοδα από τη φορολογία έφθασαν στο 20,8% του ΑΕΠ. Κατά το 2016, υπολογίζονται σε 25,7% του ΑΕΠ!

    Παράλληλα, όλο αυτό το διάστημα έχουν μειωθεί οι εργαζόμενοι, αλλά και ο συνολικός πληθυσμός.

    Δηλαδή, τα φορολογικά έσοδα που έχουν αυξηθεί κατά περίπου 5,0% του ΑΕΠ, πέφτουν στην πλάτη ενός μικρότερου πληθυσμού και σημαντικά μικρότερου αριθμού εργαζομένων, σε φάση που τα εισοδήματά τους έχουν –στην κυριολεξία- διαλυθεί.
    Η Κυβέρνηση πυροβολεί τα πόδια της! Πυροβολεί την οικονομία και την κοινωνία. Και βαθαίνει την ύφεση που φέτος κλείνει τον 8 συνεχή χρόνο της, δηλαδή το μεγαλύτερο διάστημα ύφεσης που έχει ποτέ καταγραφεί στην ελληνική ιστορία, αλλά και σε κράτος μέλος του ΟΟΣΑ.

    Παραλογισμός! Είναι η μόνη λέξη που μπορεί να αποτυπώσει τον Προϋπολογισμό που κατέθεσε χθες η Κυβέρνηση του κ. Τσίπρα.

    http://www.i-siatras.gr/permalink/3240.html

  7. 09 March 2012 7:19 PM

    Is this Greek rescue the biggest scam in history or Ponzi finance 101?
    Don’t you love Europe? The way it messes with your head. The way really, really bad things somehow get blotted out in so much waffle, double-speak and spin, you start doubting your own instincts. Like, is it you or is it them?

    Take the bold European rescue of Greece. A broad-shouldered continent saving a country in peril. Yes, that country brought its difficulties on itself, but the wise heads of the Brussels Eurocracy have ensured that the country is obliged to work its own way out of trouble, as far as that can be managed.

    So: the Greek government will find a new sense of adult responsibility. The EU will continue to supervise things. The ECB will lard the entire system with money. And all shall be well and all manner of things shall be well.

    The trouble is there’s so much wrong with this picture, it’s hard to find anything right with it. I could probably, if I put my mind to it, find fifty horrible things lurking like undetonated mines in small print. But, from that fifty, here are my top five.

    First, any semblance of fairness has been discarded. Anyone who lent money to Greece was a dumbass who ought to lose money. And in most bankruptcies, that’s precisely what happens. If you don’t happen to be a secured creditor – that is, if you don’t have collateral, like property or financial securities – you just have to take your share of the loss. That’s what bankruptcy is. It is the basis for capitalism.

    But not in Greece. In Greece, official creditors haven’t taken any hit at all. They’re fine. The entire burden of adjustment is falling on private lenders. In effect, Greece has changed the rules retrospectively. Bond investors thought they were lending under one set of conditions, but – hey presto! – they weren’t. It turns out that official bodies made loans while the private sector picked up the losses. You can call that what you like. Me, I call it fraud.

    Second, this whole rescue is bogus anyway. A report compiled for the troika of the EU, the IMF and the ECB argued that economic conditions in Greece are so dire, so little likely to improve, that the real level of debt is likely to be 160 per cent in 2020, not the 120 per cent officially projected.

    Since 120 per cent would only take Greece to the desperate position Italy was in before Christmas, that would hardly have been a rescue anyway. Since 160 per cent is the beyond-desperate position that Greece was in when the whole sovereign debt problem unfolded, that wouldn’t be a rescue at all.

    The only long-term effect of the rescue will be to burden the Greek economy with so much debt that recovery will be all but impossible. The Greek economy is contracting, not growing. And that’s no way to get out of debt.

    Third, loads of private investors were worried about their Greek exposures, so they bought insurance on it. In the financial markets, that insurance goes by the forget-you-even-asked name of Credit Default Swaps, or CDSs. Those things are simple in essence. If you lend £1,000 on an insured loan, and the creditor only repays £300, then your insurer should pay out £700. Simple, huh?

    Yes, but that’s too simple for the financial markets of today. As I write, a financial outfit called the International Swap Dealers Association, or ISDA, is considering whether a ‘credit event’ has happened in Greece. If no credit event has taken place, that CDS insurance won’t pay out. And ISDA may well decide that because the restructuring was ‘voluntary’, no credit event has happened.

    Which would be crazy. Beyond crazy, actually. A child can see that if private creditors take a haircut of more than 50 per cent on their loans, a credit event has taken place. Sure, it was voluntary. Creditors enjoyed roughly the same kind of choice their predecessors had when Dick Turpin stuck his pistols into their faces and said, ‘Your money or your life?’

    Fourth, there’s a stunning lack of transparency here. The whole bailout is so complex, so full of sweeteners and buried provisions, that the most important act of European financial rescue since the Marshall Plan is pretty much impossible for any outsider to analyse. In effect, a huge financial restructuring has taken place without democratic oversight. Voters can’t comment on the deal, because they don’t understand it. And they don’t understand it, because no-one ever wanted them to.

    And fifth, the entire rescue has simply made everything worse. Do you want to know why Italian government bonds were yielding more than 8 per cent before Christmas and are yielding less than 5 per cent now? Is it because the clown Berlusconi is no longer in government? Because a new technocratic (but unelected) government is finally getting to grips with some economic basics?

    Or is it because the ECB has just splurged another €1,000,000,000,000? It’s lent that money at low interest rates, against dodgy collateral, to weak banks, on the understanding that they’ll prop up insolvent governments. Great stuff.

    If you’ve got too much debt, the European solution turns out to be to make more of it. To permit no vote on the issue. And to proclaim it all a rescue.

    It’s not you. It’s them.

    http://feiersteinblog.dailymail.co.uk/2012/03/is-this-greek-rescue-the-biggest-scam-in-history-or-ponzi-finance-101.html

    http://planetponzi.com/blog/is-this-greek-rescue-the-biggest-scam-in-history-or-ponzi-finance-101

  8. Φτωχότεροι κατά 62 δις. το χρόνο οι Έλληνες
    Του Νίκου Ιγγλέση

    Saturday 10/06/2017

    …..
    Δεκαοκτώ μέρες πριν, στις 15 Μαϊου, η ΕΛΣΤΑΤ είχε ανακοινώσει ότι το ΑΕΠ, το πρώτο τρίμηνο του έτους είχε μειωθεί κατά 0,5%.

    Από το 2010 που η Ελλάδα μπήκε στα Μνημόνια έχει απωλέσει πάνω από το ένα τέταρτο του πλούτου της. Το ΑΕΠ από το 2010 μέχρι το 2016 έχει μειωθεί κατά 26,12% και από 237,6 δις. ευρώ έχει περιοριστεί στα 175,6 δις. (βλέπε πίνακα). Μέσα σε επτά χρόνια, που οι δανειστές σε συνεργασία με τις εγχώριες μνημονιακές κυβερνήσεις ανέλαβαν να σώσουν τη χώρα, οι Έλληνες έγιναν κατά 62 δις. ευρώ φτωχότεροι το χρόνο. Αν διαιρέσουμε το ποσό αυτό με τα περίπου δέκα εκατομμύρια του ελληνικού πληθυσμού τότε αναλογούν 6.200 ευρώ σε κάθε άτομο – από τα νήπια μέχρι τους υπερήλικες – δηλαδή, μια τετραμελής οικογένεια έγινε φτωχότερη κατά 24.800 ευρώ, κατά μέσον όρο, το χρόνο. Πρόκειται για τη μεγαλύτερη οικονομική καταστροφή μιας χώρας σε καιρό ειρήνης.

    Η πραγματική μείωση του ΑΕΠ είναι ακόμη μεγαλύτερη αν υπολογίσουμε ότι σ’ αυτό περιλαμβάνονται όλοι οι έμμεσοι φόροι (όχι οι άμεσοι όπως π.χ. ο φόρος εισοδήματος) που επιβαρύνουν την παραγωγή και την κατανάλωση. Ο βασικός συντελεστής ΦΠΑ αυξήθηκε κατά 26,32%, από το 19% στο 24%. Ο χαμηλός συντελεστής ΦΠΑ αυξήθηκε κατά 44,44%, από το 9% στο 13%. Παράλληλα έγιναν αλλεπάλληλες αυξήσεις στον ειδικό φόρο κατανάλωσης καυσίμων (βενζίνες, πετρέλαιο κίνησης, πετρέλαιο θέρμανσης, φυσικό αέριο, υγραέριο κλπ.). Αυξήθηκαν επίσης οι ειδικοί φόροι κατανάλωσης στα αλκοολούχα ποτά, τον καπνό και σ’ άλλα προϊόντα. Πρόσφατα, ειδικός φόρος κατανάλωσης επιβλήθηκε στον καφέ και το κρασί. Η αύξηση των φόρων αυξάνει το ονομαστικό ΑΕΠ. Αν υποθέσουμε ότι δεν είχε γίνει καμιά αύξηση των έμμεσων φόρων από το 2009, η μείωση του ΑΕΠ θα ήταν σημαντικά μεγαλύτερη από το 26,12% που καταγράφεται μέχρι σήμερα.

    Οι πολιτικές των Μνημονίων, της λιτότητας, της εσωτερικής υποτίμησης, της φοροεπιδρομής και των «μεταρρυθμίσεων» πρέπει να σταματήσουν άμεσα πριν διαλύσουν οριστικά την Ελλάδα και πριν οι δανειστές λαφυραγωγήσουν όλη τη δημόσια και ιδιωτική περιουσία της χώρας.

    Φτωχότεροι κατά 62 δις. το χρόνο οι Έλληνες

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