"Should government refrain from regulation (taxation), the worthlessness of the money becomes apparent and the fraud can no longer be concealed." - John Maynard Keynes
To paraphrase "Never have so many, taken so much, for offering citizens so little, in this, our worst hour"
The Greek tax system is “not fair or proportionate,” Alternate Finance Ministry Tryfon Alexiadis said in a radio interview on Tuesday, pledging changes to the way Greeks are taxed.
Speaking on Sto Kokkino "Red" radio, Alexiadis said “we are trying to make those changes that will render the tax system more just and effective, but we can’t change everything all at once.”
On the subject of a controversial unified property tax, the official said “ENFIA will also be abolished at some point and we need a tax that is fair and proportionate.”
With ENFIA bills starting to come in this week, Alexiadis said he believes that around 92 percent of taxpayers will be required to pay less than last year.
He also said that the ministry is working on ways to facilitate the owners of large or multiple properties who are having trouble meeting their obligations.
Much like in the United States, Canada has seen a spike in the rates of opiate use among its populace.
Over a four-month period early this year, 256 Canadians died after overdosing on fentanyl, the same substance tied to “bad batches” of heroin that have been killing Americans. Show More...
We returned from our trip to Mykonos about a week ago and just wanted to write and thank you for your assistance with the booking, etc.
We were very
happy with the hotel and the location in general
and will surely return to Mykonos again.
Thank you again for your assistance.
Tasha Linden - Austria
Dear All: You did a great job of selecting hotels and making our arrangements for this trip.
The hotels were all in great locations.
Overall we had a wonderful vacation in Greece – Lloyd & Bobbie Ferguson USA
I find your Greek web site amazing! I like getting hints from local people, these are more helpful than travel guides – Ilona Mersdorf DE
Το πρώτο καθήκον ενός επαναστατικού είναι να εκπαιδευτούν. - Τσε Γκεβάρα
"Εάν κυβέρνηση απέχουν από τον κανονισμό (φορολογία), η ευτέλεια του χρήματος γίνεται εμφανής και η απάτη δεν μπορεί πλέον να κρύβονται." John Maynard Keynes
«Δώσε μου τον έλεγχο των χρημάτων ενός έθνους και δεν με νοιάζει ποιος κάνει τους νόμους είναι" -
Mayer Amschel Bauer Rothschild
"Ο φασισμός θα ήταν προτιμότερο να καλείται κορπορατισμού επειδή είναι μια συγχώνευση του κράτους και την εξουσία των εταιρειών». ... "Ο σοσιαλισμός είναι μια απάτη, μια κωμωδία, ένα φάντασμα, ένας εκβιασμός." Μπενίτο Μουσολίνι
Published time: 30 Jul, 2016 05:02 Short URL
On Friday, a Dublin court sentenced three senior bankers to up to 3.5 years in prison for conspiring to defraud investors during the 2008 banking crisis.
The convictions were seemingly applauded by Irish taxpayers concerned over a lack of accountability.
Former Irish Life and Permanent Chief Executive Denis Casey received two years and nine months after being found guilty in the country’s longest trial, which lasted 74 days.
The ex-finance director at the failed Anglo Irish Bank, Willie McAteer, got 42 months, while John Bowe, the bank’s former-head of Capital Markets, was sentenced to 24 months.
The three were found guilty of conspiring to mislead investors, lenders, and depositors into believing the infamous bank was still afloat.
The bankers set up a 7.2-billion-euro circular transaction scheme from March to September of 2008 to increase Anglo’s balance sheet.
“By means that could be termed dishonest, deceitful and corrupt they manufactured 7.2 billion euros in deposits by obvious sham transactions,”
Judge Martin Nolan said, adding that this was a “very serious crime.”
Irish Life used a non-banking subsidiary to make deposits, passing them off as customer deposits and not money coming in from another bank, which is considered to be much more secure.
The three jail sentences are some of the first in the world resulting in bankers facing prison time for their role in the 2008 crisis.
Which severely hurt Ireland’s economy and triggered a three-year sovereign bailout in 2010.
Meanwhile, two other Anglo-Irish bankers, chief operations officer Tiarnan O’Mahoney and former company secretary Bernard Daly had their jail time waved on appeal after spending only several months in prison.
The crisis still seems far from over in Ireland and elsewhere.
The Irish finance ministry said in June that it could be another 15 years before the country gets back the money it invested in the banks that were going under during the crisis.
Local media said Irish taxpayers have welcomed the court’s decision, after criticizing the government for failing to act.
Ireland used up €64 billion of taxpayer money to pay for what is known as the largest state bank rescue in the Eurozone.
None of the senior bankers in the US or UK have faced jail time.
Their maximum sentences for wrongdoing involved fines and settlements.
Bankruptcy now threatens the world’s oldest surviving bank – Italy’s Monte dei Paschi di Siena.
The latest stress tests conducted by the European Banking Authority (EBA) revealed that the historic bank, founded in 1472, would go bust should Europe suddenly face another severe economic downturn.
The EBA’s results showed that Monte dei Paschi di Siena’s capital buffer would run almost completely dry by 2018.
The bank’s current capital buffer is 12.1 percent, but under the EBA’s “adverse” scenario it would fall to 2.2 percent by 2018.
Overall, the stress tests highlighted the still very weak state of the banking system in Europe following the crisis.
The EBA exposed the “risky” state of other major European banks, including the German giant Deutsche Bank, whose capital ratio has dropped from 11.1 to just 7.8 percent.
The International Monetary Fund had already listed the bank as one of the major risks to global financial stability.
The stress tests also noted the declining capital position of the bailed-out Royal Bank of Scotland.
Overall, the weakest results came from countries such as Greece, Italy, Ireland, Spain, and Austria.
Researchers in Spain have found a more lucrative and environmentally friendly way to recycle the waste byproducts of the olive oil production process.
GRANADA, Spain, July 15 (UPI) -- Scientists have found a way to turn waste byproducts from the olive oil production process into biosurfactants and monoglycerides, molecules immensely useful to the chemical and food industries.
Biosurfactants and monoglycerides are surface active agents, or surficants -- part oil-soluble component, part water-soluble component. Surficants are used to lower surface and interfacial tension between two liquids or between a liquid and a solid.
They can serve as a barrier between oil and water, or to encourage emulsification.
Alpeorujo is the main waste byproduct of one of the most popular two-phase methods of olive oil extraction.
The olive oil industry in Spain produces massive amounts of it, which poses a serious pollution problem for the environment.
Scientists and policy makers in Spain and elsewhere have struggled to find a strong secondary market for alpeorujo -- a way to lessen the burden of waste collection and disposal in olive oil-producing regions.
Currently, most alpeorujo is used to make biofuels, but the process isn't all that efficient or lucrative.
The new research promises an economically competitive recycling process.
When fermented along with biosurfactant-producing microorganisms, like Bacillus subtilis and Pseudomonas aeruginosa, the carbon-rich alpeorujo successfully fueled the synthesis of valuable surficants.
It's the first time alpeorujo has been used to produce an eco-friendly surficant of biological origin -- a biosurficant.
Researchers believe the new process can produce biosurfactants more cheaply than current production methods.
Scientists detailed the breakthrough in the journal Bioresource Technology.
Many taxis have installed card terminals, as data show POS appliances in Greece have exceeded 300,000 and there is scope for them to rapidly grow to 450,000.
“A few days ago we installed a card terminal (POS) to meet rising demand for payments in plastic money.
Many of our customers considered it a prerequisite to come back to us to be able to pay using a card,” says the owner of a small seaside taverna on the island of Santorini.
On another Aegean island, Astypalea, one employee says: “Visitors used to ask us if there is an ATM on our island; now they ask if there are POS at rooms to let, stores and other businesses.
Demand is huge.” The numbers confirm these testimonies: In the last year some 150,000 POS terminals have been added to the Greek market, raising their total to over 300,000, from some 160,000 in June 2015 when the government imposed the capital controls.
Card terminals are now installed even at businesses that never used to accept plastic money.
Such as tavernas, small retailers, drugstores, kiosks, taxis, as well as by self-employed professionals such as doctors, lawyers, engineers etc.
Converging estimates collected by Kathimerini point to the potential for an additional 150,000 POS terminals in the Greek market, taking into account the country’s tourism market, to reach a total of around 450,000 terminals at least.
This figure will not take long to be reached.
Nevertheless, much as the use of cards in Greece has increased in the last 13 months, it continues to considerably lag other European countries, showing the potential for growth in the sector.
This means that transactions by card almost doubled within a year in Greece, while remaining way behind the EU average.
According to the latest official data, there are some 15 million cards (credit, debit and prepaid) that are active and circulating in Greece, issued by the local banks.
Which subsequently led to the housing market collapse — and the United States punished no one.
Bank of America Corp (BAC.N), Citigroup Inc (C.N), Deutsche Bank AG (DBKGn.DE) and JPMorgan Chase & Co (JPM.N), have all previously made the same admission and settled similar federal lawsuits — again, with no one being held criminally responsible.
While low-level bankers have been thrown in jail as apparent scapegoats in places like Iceland, not a single high-level CEO or officer has faced punitive criminal action — until now.
On Friday, three senior Irish bankers were jailed for up to three-and-a-half years for their conspiracy to defraud investors, subsequently causing the economic collapse of 2008.
According to a report in Reuters, the trio will be among the first senior bankers globally to be jailed for their role in the collapse of a bank during the crisis.
Watching these criminal bankers use the governments of the world to fleece the taxpayers in a series of bailouts and scams to defraud the people has been infuriating.
As Reuters reports, The lack of convictions until now has angered Irish taxpayers, who had to stump up 64 billion euros – almost 40 percent of annual economic output – after a property collapse forced the biggest state bank rescue in the euro zone.
The crash thrust Ireland into a three-year sovereign bailout in 2010 and the finance ministry said last month that it could take another 15 years to recover the funds pumped into the banks still operating.
Former Irish Life and Permanent Chief Executive Denis Casey was sentenced to two years and nine months following the 74-day criminal trial, Ireland’s longest ever.
Willie McAteer, former finance director at the failed Anglo Irish Bank, and John Bowe, its ex-head of capital markets, were given sentences of 42 months and 24 months respectively.
Unlike the bankers who remain protected in America’s legal system, the Irish have decided to lay down the law.
“By means that could be termed dishonest, deceitful and corrupt they manufactured 7.2 billion euros in deposits by obvious sham transactions,” Judge Martin Nolan told the court, describing the conspiracy as a “very serious crime”.
“The public is entitled to rely on the probity of blue chip firms.
If we can’t rely on the probity of these banks we lose all hope or trust in institutions,” said Nolan.
In the United States, the people have been forced to file their own legal action against the criminal bankers as the government does absolutely nothing to stop their crimes.
Despite the bankers’ best attempts at foiling the private actions against them, the people have pushed through a newly revived antitrust lawsuit.
Which, according to the appeals court, could be devastating to these 16 banks, including Deutsche Bank AG
Royal Bank of Canada, Royal Bank of Scotland Group Plc, UBS AG, HSBC Holdings Plc, Barclays Plc, Credit Suisse Group AG, Bank of America Corp, Citigroup Inc., and JPMorgan Chase & Co.
“Requiring the banks to pay treble damages to every plaintiff who ended up on the wrong side of an independent Libor‐denominated derivative swap would, if appellants’ allegations were proved at trial, not only bankrupt 16 of the world’s most important financial institutions, but also vastly extend the potential scope of antitrust liability in myriad markets where derivative instruments have proliferated,” the U.S. Court of Appeals in New York said in the ruling.
Until the people wake up to the atrocities being carried out against them by criminal bankers who control the government, this fleecing of the citizenry will continue.
To all those who bank with any of these huge banks — pull your money out today, move it to a local bank, or find another alternative.
Failing to do so only sustains their criminal behavior.
Please share this story with your friends and family as it will most assuredly be a mere blip on their televisions and deliberately easy to miss. Delivered by The Daily Sheeple
Portugal’s drug problem began almost as a symbol of freedom, experimentation that was impossible before the country’s oppressive dictatorship ended 40 years ago. By the late 1990s, that rebellious dabbling had turned into a full-blown national addiction crisis.
One of every 100 Portuguese — 100,000 citizens — was on heroin, users were dying regularly and rates of HIV infection from dirty needles stood among the highest in Europe.
“It was a catastrophic situation,” Joao Goulao, a physician who treated many of those addicts, recalled in an interview this week. “You could see people everywhere using drugs … It was almost impossible to find a Portuguese family that did not have (drug-related) problems.”
Then, 15 years ago, Portugal came up with a response seemingly more dramatic than the actual problem: it decriminalized every illicit drug, from marijuana to cocaine and heroin.
Caught with less than a 10-day supply of any narcotic today, the worst a user can face is the equivalent of a speeding ticket. It’s more likely he or she will be diverted into treatment, and furnished with harm-reduction services like hypodermic exchanges.
As Canada’s Liberal government prepares to make its own mark in the drug world — legalizing possession of marijuana — Goulao was in Ottawa this week. Now head of his country’s addictions agency, he met with government and law-enforcement officials and spoke to activists, describing what many experts view as the clear dividends of Portugal’s eye-opening reforms.
Indeed, the rates of overdose and other drug-related deaths, of HIV infections from contaminated hypodermics and of narcotic use overall have fallen since 2001, when decriminalization was implemented alongside an array of other programs designed to improve treatment and curb poverty. More
By Dennis Thompson, HealthDay News
People are actually using medical marijuana as a treatment for health problems, not simply as an excuse to get high, a new study suggests.
States that pass medical marijuana laws tend to experience a significant decline in prescriptions for ailments that could be treated with cannabis, said study senior researcher W. David Bradford. He's the chair of public policy with the University of Georgia's Department of Public Administration and Policy.
At the same time, there hasn't been a decline in prescriptions for drugs that treat conditions for which marijuana wouldn't help much or at all, Bradford said. "There was a substantial shift away from the use of [U.S. Food and Drug Administration]-approved drugs when states turned their medical marijuana laws on," Bradford said.
Patients most often use medical marijuana to treat pain, causing a large decrease in the average daily doses of prescription painkillers, the researchers reported.
Given this, medical marijuana could play a role in reducing overdose deaths caused by prescription opiates, such as oxycodone (Oxycontin), hydrocodone (Vicodin), morphine and codeine, Bradford said. "If you never start using an opiate, then you're not put on the path to opiate misuse, opiate abuse and death," he said.
For this study, researchers analyzed data from Medicare Part D, a federal program that covers prescription drugs for seniors.
The study included all prescriptions filled by Medicare Part D enrollees from 2010 to 2013.
The investigators compared states that had legalized medical marijuana against states that hadn't, to see if the availability of pot to patients made any difference in prescription drug trends.
The research team specifically looked at nine conditions for which marijuana might be considered a substitute for FDA-approved medications -- anxiety, depression, glaucoma, nausea, pain, psychosis, seizures, sleep disorders and spasticity.
Pain is the condition for which there's the strongest medical evidence recommending marijuana use, the researchers said. Accordingly, they found that legal pot had the greatest effect on prescriptions for painkillers.
There were 1,826 fewer daily doses of painkillers prescribed on average per year in states with medical marijuana laws, compared to states where pot is outlawed, the findings showed.
That's three to four times greater than the reductions found in prescriptions for other marijuana-treatable conditions, including anxiety, depression, nausea, psychosis, seizures and sleep disorders, Bradford said.
Reductions for those conditions were significant, but averaged between 265 and 562 daily doses annually.
The only drugs not significantly affected by medical marijuana laws target glaucoma and spasticity. Those two diseases have shown the least proven benefit from cannabis, the researchers said.
For example, marijuana can decrease eye pressure caused by glaucoma by about 25 percent, but the effect lasts only an hour.
That makes pot an unrealistic option for glaucoma treatment, the study authors said. Their data showed that daily doses of glaucoma medication increased by an average 35 daily doses per year in states with medical marijuana laws.
The researchers also found that medical marijuana laws caused no change at all in drugs for which cannabis cannot be considered a substitute, including antibiotics and antivirals, Bradford said. According to Dr. David Katz, these results show that marijuana -- "not a dangerous drug, in the grand scheme of things" -- could serve as a valuable alternative to FDA-approved drugs that come with worse side effects.
Katz is director of the Yale University Prevention Research Center in New Haven, Conn.
"What we want in medicine is to use the right thing for the right patient at the right time -- something that relieves a disease, does it more effectively than anything else, and does it with a high margin of safety," Katz said.
"This research indicates that marijuana is populating exactly such a niche."
Medical marijuana "is not the right choice for everybody, but there will be people for whom it is the right choice," he continued.
"We're counting on well-trained physicians to apply sound judgment."
Medical pot also appears to have saved taxpayers some money. By 2013, 17 states and the District of Columbia had implemented medical marijuana laws, and lower prescription drug use in those states added up to $165 million in savings, the study authors reported.
Marijuana could help treat pain for the same reason that it also can help treat depression and anxiety, by altering a person's mood, said Dr. Daniel Carr.
He is president of the American Academy of Pain Medicine and director of pain research at Tufts University School of Medicine in Boston. "Pain wouldn't be pain unless there was an unpleasant emotion tagged onto it. This emotional aspect of pain is as important as the sensory aspect of pain," Carr said.
"Marijuana's effects on mood could also alleviate the experience of pain, from the patient's point of view." However, Carr said more research needs to be done on marijuana for it to serve as a true alternative to prescription drugs.
"The quality of the evidence for medical marijuana is really rudimentary," he said. "I don't think we have a full grasp yet on the long-term risks and benefits of medical marijuana."
The new study was published in the July issue of the journal Health Affairs.
More information For more on medical marijuana, visit the U.S. National Institute on Drug Abuse.
By: Christopher Ingraham, Washington Post July 16, 2016 Updated: July 16, 2016 at 10:58 pm
There's a body of research showing that painkiller abuse and overdose are lower in states with medical marijuana laws.
These studies have generally assumed that when medical marijuana is available, pain patients are increasingly choosing pot over powerful and deadly prescription narcotics.
But that's always been just an assumption.
Now a new study, released in the journal Health Affairs, validates these findings by providing clear evidence of a missing link in the causal chain running from medical marijuana to falling overdoses.
They found that, in the 17 states with a medical-marijuana law in place by 2013, prescriptions for painkillers and other classes of drugs fell sharply compared with states that did not have a medical-marijuana law.
The drops were quite significant: In medical-marijuana states, the average doctor prescribed 265 fewer doses of antidepressants each year, 486 fewer doses of seizure medication, 541 fewer anti-nausea doses and 562 fewer doses of anti-anxiety medication.
But most strikingly, the typical physician in a medical-marijuana state prescribed 1,826 fewer doses of painkillers in a given year.
These conditions are among those for which medical marijuana is most often approved under state laws.
So as a sanity check, the Bradfords ran a similar analysis on drug categories that pot typically is not recommended for — blood thinners, anti-viral drugs and antibiotics. And on those drugs, they found no changes in prescribing patterns after the passage of marijuana laws.
"This provides strong evidence that the observed shifts in prescribing patterns were in fact due to the passage of the medical marijuana laws," they write.
In a news release, lead author Ashley Bradford wrote, "The results suggest people are really using marijuana as medicine and not just using it for recreational purposes."
One interesting wrinkle in the data is glaucoma, for which there was a small increase in demand for traditional drugs in medical-marijuana states.
It's routinely listed as an approved condition under medical-marijuana laws, and studies have shown that marijuana provides some degree of temporary relief for its symptoms.
The Bradfords hypothesize that the short duration of the glaucoma relief provided by marijuana — roughly an hour or so — may actually stimulate more demand in traditional glaucoma medications.
Glaucoma patients may experience some short-term relief from marijuana, which may prompt them to seek other, robust treatment options from their doctors.
The tanking numbers for painkiller prescriptions in medical marijuana states are likely to cause some concern among pharmaceutical companies.
These companies have long been at the forefront of opposition to marijuana reform, funding research by anti-pot academics and funneling dollars to groups, such as the Community Anti-Drug Coalitions of America, that oppose marijuana legalization.
Tax authorities have confiscated the salaries, pensions and assets of more that 180,000 taxpayers since the start of the year, but expired debts to the state have continued to rise, reaching almost 100 billion euros, as the taxpaying capacity of the Greeks is all but exhausted.
In the month of October, authorities made almost 1,000 confiscations a day from people with debts to the state of more than 500 euros.
In the first 10 months of the year, the state confiscated some 4 billion euros, and the plans of the Independent Authority for Public Revenue provide for forced measures to be imposed on 1.7 million state debtors next year.
IAPR statistics show that in October alone, the unpaid tax obligations of households and enterprises came to 1.2 billion euros. Unpaid taxes from January to October amounted to 10.44 billion euros, which brings the total including unpaid debts from previous years to almost 100 billion euros (99.8 billion), or about 55 percent of the country’s gross domestic product.
The inability of citizens and businesses to meet their obligations is also confirmed by the course of public revenues, which this year have declined by more than 2.5 billion euros. The same situation is expected to continue into next year, as the new tax burdens and increased social security contributions look set to send debts to the state soaring.
Notably, since 2014, there has been a consolidated trend of a 1-billion-euro increase each month in expired debts to the state. There are now 4.17 million taxpayers who owe the state money. This means that one in every two taxpayers is in arrears to the state, with 1,724,708 taxpayers facing the risk of forced collection measures.
Of the 99.8 billion euros of total debt, just 10-15 billion euros is still considered to be collectible, as the lion’s share concerns debts from previous years, in many cases of bankrupt enterprises and deceased individuals.
For the first time since 2006, Greek 10Y sovereign bond yields have plunged below 4.00%.
The last few weeks have seen a veritable rush to grab that yield as GGBs plunged from 5.50% on Dec 4th to 3.98% today!!
Of course, this 'signal' from the bond market is being heralded as proof that the worst is over and everything is awesome in Greece again - hooray.
Over 40% of youth (under 25) are still unemployed, suicide rates remains extremely elevated, emigration among the smart and young is prevalent, and of course there is the immigrant crisis that Greece appears to have become the main bearer of.
As The Guardian reports, a study by the DiaNeosis thinktank found that 15% of the population, or 1,647,703 people, in 2015 earned below the extreme poverty threshold. In 2009 that number did not exceed 2.2%. The net wealth of Greek households fell by a precipitous 40% in the same period, according to the Bank of Greece. Unemployment, austerity’s most pernicious effect, hovers around 22%, by far the highest in the EU, despite a 5% drop in the last two years.
Faith in government claims that the country has turned the corner – based on a massively manipulated bond market – is in short supply.
“Greeks can’t see any light at the end of any tunnel,” said Christodoulaki, shaking her head in disbelief. “They won’t believe anything at this point until they see it for real in front of their eyes.”
For those affected hardest by Greece’s bankruptcy ordeal, the Syriza government has been praised for providing food vouchers and rental subsidies, free school meals and hospital care for some 2.5 million uninsured.
“For the poorest of the poor Syriza has been good,” said Mourtidou.
“But it has not done what the vast majority hoped and that is very dangerous. Tsipras had a calming effect when he came along. There isn’t another Tsipras to promise us the world and now I fear the earth could be trembling under our feet. The next choice could be the far right.”
It is a common concern. Greeks have responded to loss with fortitude and resilience but a mood of uncertainty prevails. Amid the rage and disappointment many worry the power of loss could assume other more menacing forms.
“Uncertainty is the new normality,” psychology professor Fotini Tsalikoglou noted. “It could manifest itself in apathy, violence, more uncertainty, we just don’t know.”
Just 2 hours from Athens and nestled deep the mythical dew dappled forest uplands of Arcadia The Kannavi Collective are working toward a goal of empowering the Greek People. With do-able proven industries using Mother Earths most useful plant.
Members of "To Kannavi", a collective, inform and educate on the potential of cannabis and hemp in industry and medicine.
Industrial Hemp is a perfect low cost strategy for Greece to pursue. With 3/4's of Hellas' college graduates leaving Greece to seek employment abroad there is no lack of educated workforce, middle management or whatever you want to call it.
In synergy with able bodied refugees and immigrants and migrants with no jobs an ideal use. Greece should seize the initiative and perhaps is positioning itself to do so. But lets not dilly-dally.
The production of pharmaceutical products from the cannabis plant is still prohibited in Greece. However, there are signs that this could change soon. In June, a joint decision by the Health and Justice ministries changed the classification of cannabis from a class A to a class B drug. This paves the way for legalizing the development of cannabis products for medicinal use. The decision was supported by the conclusions of a scientific committee that was part of an initiative by Health Minister Andreas Xanthos.
Apart from harvesting industrial hemp, the Kannavi Collective also informs and educates the public on the potentials of cannabis and hemp in industry and medicine. [Giorgos Moutafis]
For now, an institutional framework setting the terms and conditions for the production of cannabis-based medical products remains lacking in Greece.
A business in Greece can import such products and can even submit a request to the National Organization for Medicines (EOF) for the manufacture of cannabis-based medicine, but the raw materials must be imported.
“Essentially cannabis oil is the by product of a legal cultivation which we can’t make proper use of,” said Delistathis.
In the lab However, Greek scientists are allowed to conduct research with the plant. Flowers and stems from the Mantineia fields are being studied at Athens University’s pharmaceutical and natural chemistry lab.
Since last year, the lab has been studying the medicinal effects of industrial hemp. Early in the morning on the Mantineia plateau, the air is chilly. Even in summer, the temperature drops considerably during the night despite climbing above 30 Celsius during the day. “Big swings in temperature aid the production of resin in cannabis plants,” Argyris Mountzouris told us as he laid out a large cloth on the ground upon which to collect the plants.
With a magnifying glass, he showed us the tiny trichomes on a flower that produce cannabidiol (CBD) oil, a major non psychoactive component of Cannabis sativa with anti-inflammatory, anticonvulsant, antioxidant, antiemetic, anxiolytic and antipsychotic properties.
We were in a field in the uplands of northern Arcadia, in the northeastern Peloponnese, where members of To Kannavi, a collective that also informs and educates the public on the potential of cannabis and hemp in industry and medicine, were harvesting industrial hemp one day in early September.
To Kannavi comprises people in various businesses that make use of the plant, among them a fast-food chain which uses cannabis flour in its pizza bases. At the same time we learned that growers around Volos, Xanthi and other parts of Greece were also beginning the annual harvest of the Cannabis sativa plant.
This was To Kannavi’s second harvest. Their first was last year, in Thiva, northwest of Athens, after the announcement of a joint ministerial decision to legalize the cultivation of industrial hemp in Greece after it had been banned for 60 years.
Greek producers have since been free to plant varieties of cannabis included in a list deemed legal by the European Union which have a THC content lower than 0.2 percent. THC, short for tetrahydrocannabinol, is the psychoactive constituent of cannabis which makes users feel high. Industrial hemp is rich in CBD oil, which has proven effective as a form of treatment for neurological disorders such as epilepsy and multiple sclerosis.
Studies are ongoing to find out whether it is effective in treating a wide range of other disorders ranging from asthma to diabetes.
Judging by the size of the plants when we visited Mantineia, the harvest went well this year. Some plants reached 3.5 meters in height. The ground in Mantineia turned out to be more suitable than in Thiva, the Kannavi members told us. “The microclimate here is what we were looking for,” says Mountzouris. It’s no wonder that before it was banned in 1957 Arcadia was a big producer of both textile cannabis, low in THC, used to make rope, sacks and cloth, as well as indica for hashish. In 1904, the Moreas newspaper reported that the hemp harvest in Mantineia that year came to more than 6 million kilos.
Members of the Agricultural Cooperative of Tripoli have made good use of the change in the law. Following the drop in the price of potatoes in the last year, hemp production has provided them with a more profitable alternative.
In addition to the plant’s uses, researchers are also studying its cultivation – for example where it grows best – boosting research and the creation of a database that will help future growers. To Kannavi also provides data to the Hellenic Agricultural Organization (ELGO). “Last year we tried producing seeds. This year, besides the seeds and stems, we focused on the flowers,” Alexandros Delistathis, a member of To Kannavi, told us. “Cannabis has many uses, and all parts of the plant can be used.
From the stems you can make chipboard and even bioplastics. From the seeds, you can make food products such as oil, flour, protein – or even eat them as a snack. From the flower, you have essential oils used in cosmetics and medical products.”
“Our research is focused on cannabis oil, as there is an abundance of it in industrial hemp,” said Leandros Skaltsounis, a professor at the University of Athens. “Additionally, we want to see how much of the oil is produced depending on the location the plant is grown in.
New regulations regarding the latter will be published soon which are expected to free up the market for the production of medical products. In Mantineia, after the harvest, we learned the flowers would be taken to a storage area where members of the Kannavi team would remove the yellow leaves.
They would then collect the seeds and hang up the flowers to dry for seven to 10 days. The stems were to be sent to the Technical Education Institute (TEI) of Western Greece in Patra to be studied and used for compost.
“The stems of the cannabis plant have many uses. We focus on fiber utilization and the residue produced by hemp, which can be used to produce a material that could be used instead of peat for agricultural purposes,” said Giorgos Kotsiris, a researcher of agricultural technology at the TEI in Patra. “Greece pays an enormous amount of money to import peat from Baltic states, and it is a product with a large energy footprint. It would be nice to produce our own substrate, so why not from hemp?”
Recreational marijuana use becomes legal in California in 2018, and one of the things to blossom in the emerging industry isn’t green and leafy, it’s government jobs.
The state is on a hiring binge to fill what eventually will be hundreds of new government positions by 2019 intended to bring order to the legal pot economy, from keeping watch on what’s seeping into streams near cannabis grows to running background checks on storefront sellers who want government licenses. Thousands of additional jobs are expected to be added by local governments.
The swiftly expanding bureaucracy represents just one aspect of the complex challenge faced by California: Come January, the state will unite its longstanding medical cannabis industry with the newly legalized recreational one, creating what will be the United States’ largest legal pot economy.
Last January, just 11 full-time workers were part of what’s now known as the Bureau of Cannabis Control, the state’s chief regulatory agency overseeing the pot market. Now, it’s more than doubled, and by February the agency expects to have more than 100 staffers.
The agency is moving into new offices later this year, having outgrown its original quarters. It’s expected new satellite offices will eventually spread around the state.
There also will be scores of jobs added to issue licenses for sellers, growers, truck drivers, manufacturers and others working in the projected $7-billion industry. The state has taken to Facebook to lure applicants.
The bureau is using a video snippet of actor Jim Carrey, hammering his fingers into a computer keyboard, to catch the eye of prospective applicants online. “Get those applications in ... before this guy beats you to it,” it reads. “New job just ahead,” reads another post. “We’re hiring.”
This year’s state budget contained about $100 million to fund regulatory programs for marijuana, which includes personnel to review and issue licenses, watch over environmental conditions and carry out enforcement. Planned hiring into 2018 covers a range of state agencies: Fifty people are bound for the Public Health Department, 65 are slated to join the Water Resources Control Board, and 60 are expected at the Food and Agriculture Department, which will oversee licensing for cultivators. Some of the work is highly specialized.
Environmental scientists will be responsible for developing standards for pot farms near streams, to make sure fertilizer or pesticides do not taint the water or harm fish. An engineer will monitor groundwater and water being diverted to nourish plants. Lawyers are needed to help sort out complex issues involving the state’s maze of environmental laws. Pay varies with position but can be attractive, with some scientist posts paying over $100,000 annually. Special investigators with the Consumer Affairs Department could earn in the $80,000 range. more
Who says that cannabis users are lazy and unmotivated? Business Insider reported in March that pot could be the next mega-industry in the U.S.
Between medical and recreational pot, legal weed is on track to create more than a quarter of a million jobs in the next three years; even surging past manufacturing job growth.
This is perhaps why institutions like the University of Maryland School of Pharmacy and the University of Vermont College of Medicine have decided to offer medical cannabis job training to prepare students for employment in the budding industry (pardon the pun).
In an interview with the Baltimore Sun, pharmacy professor and executive director of the Baltimore school’s Center for Innovative Pharmacy Solutions Magaly Rodriguez de Bittner states, We wanted to be there as a resource.
If you’re going to be dispensing, let’s make sure your staff is trained in best practices to do it safely and effectively. The department is already signing up interested students.
It’s a bold move for any university since the federal government still bans the use of cannabis and its derivatives. After all, colleges regularly use federal funding to conduct research and fund programs while students borrow government funds to pay for tuition, housing, and educational materials.
Marijuana has been largely decriminalized in Maryland with no jail time mandated for first-time personal possession. The state also boasts an active hemp industry and has its own medical marijuana program to treat anorexia, chronic pain, nausea, seizures and muscle spasms.
Rodriguez de Bittner emphasizes that the institution does not endorse the use of marijuana, but sees value in training prospective health care specialists even as “science and government regulation has yet to catch up with demand,” she said.
Medical marijuana’s state-based legality being somewhat at odds with its federally illegal status means that those physicians who either prescribe or recommend cannabis aren’t required to complete any formal training.
Patrick Jameson, the executive director of the Maryland Medical Cannabis Commission told the Baltimore Sun he believes that regulatory training in this area is necessary since cultivators, processors, dispensary operators and laboratories all require training and certification, saying,
Grower agents, processor agents, and dispensary agents have specific training requirements. Dispensary agents have even more requirement.
Given this reality, there seems to be a need for industry education and training as well as a demand from local students who are already considering launching their own marijuana-based businesses. It’ll be important for these programs to cover the latest research, current state and federal laws, safe growing practices, retailing, labeling and testing. Currently, the University offers a 30-hour, online certification course for students interested in learning the curriculum.
There was a hilarious line in the 1998 film Half Baked where Dave Chappelle asked an astute weed delivery man if he had attended ‘weed college.’ 20 years later, with Cannabis College, THC University and a growing amount of prestigious colleges looking to get in on the action, it might just be a matter of time before we start seeing marijuana majors and cannabis degree holders sprouting up all over the country.Source herb.com
Greece has become the latest European country to legalise marijuana for medical purposes. Prime Minister Alexis Tsipras said last week that doctors will soon be able to prescribe the drug for a variety of medical conditions. Cannabis is normally prescribed for conditions like muscle spasms, chronic pain, PTSD, epilepsy and cancer.
Marijuana helps treat conditions like epilepsy, chronic pain and multiple sclerosis Getty Images Greece has become the latest European country to legalise marijuana for medical purposes.
“From now on, the country is turning its page, as Greece is now included in countries where the delivery of medical cannabis to patients in need is legal.” Mr Tsipras said at a press conference, as reported by the Greek Government Gazette. Greece is the sixth EU country to take this action after the Czech Republic, Finland, the Netherlands, Portugal and Spain have already legalised the drug for medical use. Details on how the drug will be cultivated and distributed are yet to be clarified by Mr Tsipras' left-wing party.
The Prime Minister also said cannabis would be downgraded from a Table A drug – equivalent to class A in the UK – to a Table B drug, in which category are other drugs like methadone and opium with approved medical values, as reported by Dope Magazine. The new law could boost the economy, as it allows the creation of a legal drug industry.
In Canada, for example, Deloitte estimated that legalising marijuana would create $23 billion per year, more than the combined sales of beer, wine and spirits. Greece will soon also be able to import cannabis-based medicines. It is yet to be seen whether Greece will go further to allow full-scale cannabis legislation, for recreational use as well as medical, joining Portugal, the only other European country to do so. Source
Three years after legalizing cannabis, Colorado has the lowest unemployment rate in the country. “While the national unemployment rate dropped to 4.3 percent in May, the lowest since 2001, Colorado’s jobless rate is the nation’s lowest at 2.3 percent,” CNBC reported Monday.
According to Governor John Hickenlooper, multiple factors have contributed to Colorado’s job growth, including the state’s business-friendly policies. He touts the state’s very low business tax rate, noting Colorado has “one of the lowest business income tax levels at just a little over 4.6 percent.”
This approach has helped create over 60,000 jobs in the clean energy sector, a fact that should please both business and environmental advocates.
One of the main factors in Colorado’s successful economy, however, is undeniably the cannabis industry. Last year, cannabis generated $1.3 billion in profit, which yielded nearly $200 million in tax revenue that the state is using for various programs, including education, substance abuse and cannabis awareness programs for youth, and even the Attorney General’s office.
Further, with over a billion dollars in business, jobs undoubtedly follow. In 2015, alone, the state’s cannabis industry created 18,000 new full-time jobs. As the Washington Post reported:
“These indirect impacts of marijuana legalization came from increased demand on local goods and services: growers rent warehouse space and purchase sophisticating lighting and irrigation equipment, for instance. Marijuana retailers similarly rely on other companies, like contractors, lawyers and book-keeping services, to conduct their own businesses.” That growth has continued.
In July of last year, CBS reported that according to the Marijuana Business Daily, “Colorado now has 27,000 occupational licensees, up from about 16,000 at the end of 2014, according to the Colorado Department of Revenue.” Though clean energy jobs currently outnumber on-the-record cannabis jobs by roughly 35,000, the speed of job creation appears far quicker with weed. According to the Denver Business Journal, for example, the clean energy sector created 1,583 new jobs in 2014.
By comparison, the Marijuana Business Daily reported in May of 2014 that less than six months after legalization, the cannabis industry had already generated between 1,000 and 2,000 new jobs — roughly the same number of jobs as clean energy created in the course of the whole year.
Further, according to a 2016 Clean Jobs Colorado report by the organization Environmental Entrepreneurs, Colorado already had 62,000 clean energy jobs in 2015 — roughly where it rests now — making that industry’s growth apparently slower than the 18,000 new cannabis-related jobs the Post reported for the same year (it’s important to note, however, that some of these jobs already existed but were part of the black market and were counted as “new” when the industry was legalized).
This is promising news not just for Colorado, but the broader market. “Cannabis-related companies now employ an estimated 100,000 to 150,000 full and part-time workers, according to a new report by Marijuana Business Daily,” CBS noted last year. As Business Insider pointed out in March, “California, home to the world’s sixth largest economy, fully legalized marijuana last November. Its state capital region alone could see 20,000 jobs created if it becomes a hub for the industry.”
According to a report from the New Data Frontier, which focuses on cannabis industry data, there could be as many as 283,000 jobs in cannabis by 2020. Business Insider points out that this figure will outpace the manufacturing industry, which is expected to lose 814,000 jobs by 2024. In Colorado, where Governor Hickenlooper initially opposed legalization but changed his mind when he saw the positive results, there are yet to be serious negative consequences.
Though Hickenlooper told CNBC it’s still “too soon to know” what the downsides may be, he remained optimistic. “We don’t see more people doing more marijuana in Colorado after legalization. It’s through a regulated process now,” he said.
“But we haven’t seen a big spike in teenage consumption, we haven’t seen a big spike in any consumption.” It appears the only spike so far has been in jobs, coupled with other forward-thinking developments like the growth of the clean energy sector and the freedom for businesses to thrive.
Finance Ministry inspectors are about to start seeking out the owners of undeclared properties, while the law will be amended to allow for financial products and the content of safe deposit boxes to be confiscated electronically.
The plan for the identification of taxpayers who have “forgotten” to declare their properties to the tax authorities is expected to be ready by year-end, according to the timetable of the Independent Authority for Public Revenue.
Tax authorities will receive support from the Land Register to that end, as by end-September IAPR inspectors are set to obtain access to the company’s database to draw details on properties. Any taxpayers identified as having skipped the declaration of their assets to the tax authorities will be asked to comply and declare them, along with paying the tax and fines dictated by law.
The IAPR is also waiting for Parliament to pass regulations permitting the mass confiscation of safe deposit box contents and financial assets such as securities. To date the process has been conducted in handwriting and is therefore particularly slow in locating the assets of taxpayers who have either concealed incomes or have major debts to the state.
Once the necessary regulations are in place for the operation of an automatic system to collect debts, the tax authorities will be able to issue online confiscation notices and immediately get their hands on the contents of safe deposit boxes, confiscating cash, precious stones, jewelry and so on. They will also be able to confiscate shares and other securities.
This year the tax authorities will focus their efforts on confiscations as they try to reduce the huge pile of expired debts to the state. In this context the Independent Authority for Public Revenue will auction 27 properties belonging to state debtors by the end of next month, with the aim of collecting 2.7 billion euros by the end of the year from old debts and another 690 million euros of new debts from major debtors.
300 Parliamentarians each getting 8,000 euro a month however, so all is well!
Greek government bond yields fell. Pool boy Greece and its Elitist lenders said they reached a long-awaited deal on reforms required to release further bailout funds. With a promise to further cut pensions and give taxpayers fewer breaks, Greece paved the way for the disbursement of further rescue funds from international lenders and possibly opened the door to reworking its massive debt Reuters reported.
The so-called deal was reached early on Tuesday morning, when officials from both sides said they had agreed on a package of bailout-mandated reforms, ending six months of staff-level haggling. Greek Finance Minister Euclid Tsakalotos announced it with a term associated with papal elections. "There was white smoke," he told reporters. source Zerohedge
"There are a thousand hacking at the branches of evil to one who is striking at the root."
~ Henry David Thoreau
"For the love of money is a root of all kinds of evils. It is through this craving that some have wandered away from the faith and pierced themselves with many pangs." Bible Timothy 6:10
"We contend that for a nation to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle" - Winston Churchill
"You may charge a foreigner interest, but you may not charge your brother interest, that the Lord your God may bless you in all that you undertake in the land that you are entering to take possession of it." - Bible Deuteronomy 23:20 Huh? Wait a second! Think about that...look around. Yikes!
In a poor nation, it's a billion-euro industry. Off a dirt road, in a small village north of Tirana, there's a half-built, tumble-down, brick house. It stands alone and looks abandoned. It isn't. The sweet, heady odour that seeps from one of the rooms reveals its current function: cannabis production. Inside, more than half the floor space is covered with buds of the drying drug. "There's about 20kg here," says the man who owns it. He is young - late 20s maybe - dressed in skinny jeans, a tight top and trainers. And he is one of thousands making money from the cannabis boom.
In Albania, a kilo of this illegal drug sells for between 100 and 200 euros (£85 to £170). In Italy it will fetch about 1,500 euros. And most of the country's cannabis crop is trafficked out - north through Montenegro, south to Greece, or west across the Adriatic to Italy. There is no significant home market. One source estimates the illicit industry may be worth five billion euros (£4.25bn) per year - about half of Albania's GDP. The 20kg of stinking greenery slowly drying in the sunlight that streams through an open window does not represent this man's entire crop. "I've produced 350kg," he says. "This year almost every single house in the village grew cannabis - tons and tons have been produced in this community alone." This man employs 15 people to pick and process, and armed guards to defend his crop. He says he is in charge here, but he probably belongs to a wider network. So if everyone is growing it, and that seems to be common knowledge, why has there been no police raid? "I pay the police 20%. Everybody has to pay. If you don't pay they will take you to jail," he says. Then, he gets defensive. "This is our curse - there are no jobs, no work here. There's no money in growing anything else. I know it's not a good thing I'm doing, but there's no other way."
For decades Albanians lived under a punishing, closed regime. Then, after communism fell, came a period marked by civil unrest and the rapid growth of organised crime. Twenty-five years later, unemployment is still high and corruption rife - conditions that enable the cannabis trade to flourish. The government has had some success in its fight against the illegal industry. It says more than two million cannabis plants have been destroyed this year, and now that the growing season is over, police are concentrating on confiscating the drug as it is prepared for trafficking out of Albania. Some of the hauls have been huge. In a vast warehouse in the town of Rreshen, tucked into the foothills of the mountains north of Tirana, tier after tier of drying cannabis is laid out on mesh shelves. On the concrete floor, there are more waist-high mounds of the drug. Sacks of it lie around, and it spills out of the open back doors of a transit van.
n the middle of this sea of weed - his woolly hat pulled low, his glasses on the end of his nose, and a gun at his hip - is the police officer in charge, Agron Cullhaj, who describes it as the largest ever find in this area. If you compare figures for 2015 and 2016, they reveal a five-fold increase in the area cultivated with cannabis In this one location there are more than four tonnes of cannabis, with a street value in Italy of some six million euros (£5m). "When I took office in 2013, I started to plan huge action against the illegal cultivation of cannabis," says the Home Minister, Saimir Tahiri. In their mission to rid Albania of the cannabis scourge, the government has the support of the Italians. The Guardia di Finanza pays for aerial surveillance to identify plantations, and it is their statistics that Albanian politicians quote. "From 2013 to 2016, the figures show more than a 30% decrease in the area of Albania cultivated with cannabis. That means we're on the right path," says Tahiri. The 30% decrease came about largely because a mammoth police operation in 2014 destroyed the well-entrenched cannabis industry in Lazarat, a southern village once notorious as the drug capital of Europe. In the raid - employing firepower, special forces and armoured vehicles - many tonnes of cannabis were seized and thousands of plants destroyed.
But if you compare the Italians' figures for 2015 and 2016, they reveal a five-fold increase in the area cultivated with cannabis. Sources within Albania suggest many communities have turned to drug production for the first time this year. Corruption is critical to the success of this illicit business - something the Home Minister recognises. "For sure police have been corrupted," he says. "Since my first day in office, more than 3,000 police officers are under criminal or disciplinary investigations. That's nearly 20% of the whole troop." Not all of those officers have been fingered over cannabis, though. Corruption in Albania bleeds into so many cracks of everyday life.
Another reason the cannabis trade is hard to stub out is that it pays well - about 20 euros (£17) a day in some places. "As a waiter I got paid only a third of what I earned with cannabis," says a 20-year-old, whose parents stopped him going to work when they found out what he was doing. He lives on the outskirts of Tirana, in a suburb that rural families migrated to when the communist edifice collapsed in the early 1990s. They came looking for work, but more than two decades later it is still hard to find regular, legal employment. Weed has filled a gap. "At 4am you see crowds of people outside going to work," says the young man. "The streets are full - women, men, young people - even children…" Fleets of minivans carry workers out to the countryside. In the growing season they labour in the plantations. After the harvest, they prepare and pack the drug ready for its illicit export. Critics say it's these daily workers who are most likely to be caught in police raids, while the big fish escape. And that even if someone connected to organised crime is picked up, there are few prosecutions on serious charges, such as membership of a criminal network.
About 200,000 Greek entrepreneurs and self-employed professionals suspended their business activities in 2015, says the Foundation for Economic & Industrial Research (IOVE) annual report. According to the same study also, only 14.2% of people see that there are business opportunities in Greece. One of the reasons is that the cost of starting a business in Greece requires twice the initial capital (30,000 euros) than the European Union average (16,400 euros).
Greece already 6th most expensive electricity in Europe
out of 28 countries. Bravo!
Food in Greece already among most expensive in Europe!!! Thriller SOK!
300 parliamentarians receive salary 9,000 EU a month EACH!
The implementation of the prior actions required by Greece’s creditors for the release of the next bailout subtranche will lead to electricity bills rising by 4 to 5 percent. The rate rises stem from the adjustment of the levy for renewable energy sources, aimed at eliminating the deficit of the RES account.
The new methodology of distributing the levy’s burden across the various categories of electricity consumers is one of the five milestones related to energy. The law provides for the RES deficit to be covered by power companies according to market share, so Public Power Corporation must shoulder 89 percent of it.
Harry's Note: The Greek Government owns most of the power company so this is another tax. I though renewable was supposed to save us money? Silly Rabitt! Not in the EU.
The results are in and the online readers of Condé Nast Traveler UK Magazine (CN) have voted Greece the best country in the world in their 2016 Readers’ Travel Awards, which will be featured in CN’s October issue.
The honor of holding the number one country in the world for tourists is a great one and perhaps bitter-sweet for Greeks as it comes amidst several crises impacting the country.
The current financial crisis that has been gripping the country for the past several years not to mention the impact of the refugee crisis that has seen almost 60,000 migrants trapped in Greece, has not deterred all potential visitors from visiting the breathtaking beaches, enchanting islands, 18 UNESCO World Heritage Sites and ancient ruins that make Greece so memorable.
Even with lack of booking to some Greek islands hit hardest by the refugee crisis such as Chios, Lesvos and Samos, Greece is still projected to reach almost 30 million tourists in 2016, including arrivals by cruise ships which will contribute some 18 percent to the nation’s Gross Domestic Product, according to official data.
Here is the list of CN’s top 10 countries for the online Readers’ Travel Awards:
4. South Africa
Here are the top 10 islands from CN’s online Readers’ Travel Awards:
2. Greek Islands
3. Balearic Islands
6. St. Lucia
8. Koh Samui
10. St. Barth’s
- See more at: http://greece.greekreporter.com/2016/09/07/conde-nast-traveler-votes-greece-the-best-country-in-the-world-for-2016-readers-travel-award/
A career in Banking was not envisioned as Holy by the Great Religions all of whom condemn USURY.
Sinful usury seems to have become the West 's Guiding Credo. Clay feet & fiat money.
Usury (/ˈjuːʒəri/) is, as defined today, the practice of making unethical or immoral monetary loans that unfairly enrich the lender. Originally, usury meant interest of any kind. A loan may be considered usurious because of excessive or abusive interest rates or other factors.
Historically in Christian societies, and still in many Islamic societies today, charging any interest at all can be considered usury. Someone who practices usury can be called a usurer, but a more common term in contemporary English is loan shark.
The term may be used in a moral sense—condemning, taking advantage of others' misfortunes—or in a legal sense where interest rates may be regulated by law.
Historically, some cultures (e.g., Christianity in much of Medieval Europe, and Islam in many parts of the world today) have regarded charging any interest for loans as sinful.
Some of the earliest known condemnations of usury come from the Vedic texts of India. Similar condemnations are found in religious texts from Buddhism, Judaism, Christianity, and Islam (the term is riba in Arabic and ribbit in Hebrew).
At times, many nations from ancient China to ancient Greece to ancient Rome have outlawed loans with any interest.
Though the Roman Empire eventually allowed loans with carefully restricted interest rates, the Christian church in medieval Europe banned the charging of interest at any rate (as well as charging a fee for the use of money, such as at a bureau de change).
Public speaker Charles Eisenstein has argued the pivotal change in the English-speaking world seems to have come with lawful rights to charge interest on lent money, particularly the 1545 Act, "An Act Against Usurie" (37 H. viii 9) of King Henry VIII of England 1545 - Wikipedia
The Bank's original home was in Walbrook, a street in the City of London, where during reconstruction in 1954 archaeologists found the remains of a Roman temple of Mithras (Mithras is – rather fittingly – said to have been worshipped as, amongst other things, the God of Contracts); the Mithraeum ruins are perhaps the most famous of all 20th-century Roman discoveries in the City of London and can be viewed by the public. Wikipedia
NO wonder people, especially those newly arrived, find the West is not Dizneyland after all. With no direction home, many are drifting, wallowing and filled with a lack of purpose or fulfillment. Disenfranchised souls not taking their medication even if they could afford to pay for it. Looking for Love in all the wrong places! Idle hands are the devils workshop!
It boils down to politicians not being responsible for the agreements they bind the citizens to with International banks.
In fact, Greece's Bank of Greece is wholly owned by the International Banking Cartel. Catch them if you can! Greece does not control its own money. Bad Juju. Essentially we are now squatters and can be evicted and only just realized it.
Millions of innocent Greek citizens are overwhelmingly indebted or taxed because there was no true leadership willing to say no to the games (Moral Hazard). They talk about NPL Non Performing Loans of individuals but not of the Previous Administration(s). They bandy about a 50% return of the fiat unit. Is it the addicts fault or the pushers? Tranche is a deadly designer drug. Up North they wonder where inflation has gone? Its gone into Precious metal hordes of Government Central Banks and prudent savers. Raise the price of gold and people will start to cash in and stimulate demand & prices. Rinse, Lather, Repeat!
If the Greek people had a true understanding of the all dressed up, with no where to go but to the poor house, nature of the games would they have agreed?
Having known were they given an opportunity to say no? I don't think so.
At this point this is the difference it makes. Higher Taxes. Way Higher. If this is socialism give me a technical government, basic services and take your EU and shove it deep, deep, deep in to the annals of history.
They Greek people were kept woefully uninformed and cozened into in a deliberately fuzzy financial environment and there are people to blame.
With lack of oversight and no training ministry financiers blithely signed our souls away on the dotted line. That they mingled their blood with ours in the signature is highly doubtful. MORAL HAZARD
And also the deliberately kept in the dark population were clueless to the ensuing financial embarrassments caused by same USUROUS bank loans and we now find our selves OUTRAGEOUS new taxes.
Totally changing your mind set about Greece. Rendering previous research void and a waste of time. Then the fines for late payment are worse than those of the Sublime Porte.
Greece' Draconian economic regulation is causing itself an even sicker economy and engendering a mean of subsistent mediocrity. If it cant support the poor now how will it in a future of less everything?
It would be better for Greece to leave the euro zone, said Nobel Prize winner economist Paul Krugman while in Athens.
Greek universities have slipped in global rankings this year, according to Quacquarelli Symonds, which publishes an annual overview of higher education institutions around the world.
Six Greek universities are included in the list of the world’s 600 top universities but five of the six have fallen in rankings and the University of Crete has slipped off the chart.
The National Technical University of Athens remains the highest-ranking Greek university on the list of the 400 best institutions in the world. However, it has slipped 19 places to 395th place.
Also, it no longer features in the list of the 250 top research institutes in the world after falling eight places in this year’s rankings.
The University of Crete is no longer on the list of top research institutes at all, while Thessaloniki’s Aristotle also performed worse this year, dropping into the category 491-500 from that of 461-470.
According to Quacquarelli Symonds, the poorer performance of Greek universities in the area of research is due in significant part to their limited finances and inability to attract new researchers from abroad.
According to Ben Sowter, head of the QS Intelligence Unit which compiles university rankings, the low level of state spending on education, research and development in Greece – 1.24 percent of gross domestic product compared with a European Union average of 2.03 percent of GDP – is a key reason for Greek universities’ inability to attract foreign academics and conduct significant international research. http://www.ekathimerini.com/211766/article/ekathimerini/news/greek-universities-slip-in-global-rankings
Expired debts to the state jumped by over 800 million euros in July to bring the total amount of money Greeks owe to tax authorities and social security funds to over 90 billion euros, i.e. over half of the country’s gross domestic product.
Data from the General Secretariat for Public Revenues showed on Monday that expired debts in July came to 811 million euros, more than twice what they were a year earlier, when they had stood at 388 million.
In the first seven months of the year new debts to the state were 21 percent higher than in January-July 2015, to reach up to 7.6 billion euros. This is seen as evidence of the fact that the tax-paying capacity of Greeks and of local enterprises is growing continually smaller.
In an effort to contain the expansion of expired debts, the secretariat proceeded in July to some 20,000 confiscations from debtors’ bank accounts. In total there are 4,128,962 state debtors, with compulsory collection measures imposed on 774,282 of them.
A further increase in debts is to be expected moreover, as by the end of the year Greeks will have to pay two income tax installments, four monthly tranches of the Single Property Tax (ENFIA), road tax, etc.
The administration of the Social Security Foundation (IKA) is on Thursday expected to seek approval for additional funding from the Social Security Capital for the Solidarity of Generations (AKAGE) reserves to cover part of its constantly growing deficit.
Despite the positive course of its revenues, the deficit of the country’s biggest social security fund, which is likely to form the backbone of the planned National Social Security Entity (EFKA), is expected to reach 2.1 billion euros.
To cover that deficit and pay monthly pensions in time, IKA’s management only has limited options. These are halting payments to third parties for which it collects revenues, such as the EOPYY healthcare service organization, additional financing from the state budget, and recourse to AKAGE. It appears that IKA will use all three of those instruments to make sure that pensions are paid out without any problems in the last few months of the year.
Social security experts say that another available tool is further postponing the times when definitive decisions are issued on the pensions of the 140,000 retirees waiting up to three years to finally get their pensions. http://www.ekathimerini.com/212195/article/ekathimerini/business/ika-to-ask-for-help-to-pay-pensions
Today they tax the living and the dead's inheritors!
Lets start with the 24% .VA.T. you will pay when you visit Hellas.
Value Added Tax of 24% on everything. Think about it! That's just the beginning.
Witness Greece today and Illinois, Puerto Rico, Italy Spain, Portugal and Ukraine.
On the underdog's side Iceland and now Ireland have jailed bankers with success!
You have got to wonder how can a bank using digital money can go broke anyway? Its banks setting the rules for themselves isn't it? Banks make loans in digital money, under the fractional reserve system they supposedly have a fractional reserve of (a % percentage of) each loan in digital money. Why? For security and probity?Tucked away for back up? In Greece we call this' hiding behind ones finger"!
Its pretend money. "At this point what difference does it make"? Only this: people are catching on.
The more you make or print, the less its worth. And a debt based system like this is only sustainable if its growing. Greece is shrinking.
We and the world need to go back to sound money or a variety cocktail of widely supported monies platforms and specie. We'll still have a use for banks and financial services. Maybe we'll have debt too but by making local loans and bringing jobs back to Greece.
Debt on this huge, derivative, chained lightening scale is unsustainable.
Or Greeks can remain debt slaves and our children too. This is Economic Imperialism enslaving the populace and moral hazard in action. In Greece' case its asinine pedantry.
Proving beyond all shadow of a doubt, Brussels does not have the Greek peoples interest at heart.
Brussels is only concerned with its own self aggrandizement and perpetuation.
But while laughing and smiling and looking so fine they make a sorry mess at the end of each day don't they? And its getting worse!
Moral hazard is the risk that a party to a transaction has not entered into the contract in good faith, has provided misleading information about its assets, liabilities.
Moral hazard arises when a contract or financial arrangement creates incentives for the parties involved to behave against the interest of others.
Definition: Moral hazard is a situation in which one party gets involved in a risky event knowing that it is protected against the risk and the other party will incur ...
Ορισμός: Ο ηθικός κίνδυνος είναι μια κατάσταση κατά την οποία ο ένας συμβαλλόμενος εμπλέκεται σε μια επικίνδυνη περίπτωση γνωρίζοντας ότι προστατεύεται από τον κίνδυνο και το άλλο μέρος θα επιβαρύνονται ...Politiki assylia
Now I realize, that here in Greece, and maybe where you live too, that this was, and is still happening all around me everyday! This is exactly what Greek Politicians do! Its years now since they made a law granting themselves immunity from prosecution.
Greece's Politicians and their so called advisors enjoy jet set lifestyles and outrageous salaries! Lifestyles which they can only afford because they are YES MEN of Brussels.
Euro-parliamentarians make (not earn) 19,000.eu/mo. Greece's 300 parliamentarians, affectionately known as the "The 300" garner 9,000/mo and their numerous assistants north of 5G/eu/mo each. Pensioners on the other hand receive a pittance in comparison - we are talking 3 figures.
Pictured is 'Lakis' the pauvre chien Hellenique. The look on his face says it all don't it? R U Sure?
The Brussels Banksters string Greece along like naive drug addicts waiting for their next designer stupificant drug called TRANCHE!
More pension cuts in Greece or governement collapse 2016
All this does is create needless anguish for the populace. It certainly not profitable. Who cares anyway? The money has lost its value. They digitally print it from thin air. But hound you to the ground with new taxes. I am ready for some helicopter money if you want to know the truth. Or just lower my utility bills!
If we weren't in the EU we couldn't have been conned into the loans for the Olympic Games. Our sovereignty was taken away thus making us eligible for the loans. Patriotic Initiatives is what Greece needs and selfless leadership!
Investment in the Greek economy plummeted more than 60 percent between 2007 and 2015, according to data published in Eurobank’s weekly bulletin on Tuesday.
According to the lender’s economists, fixed capital investment declined by 40 billion euros or 66.1 percent during the period in question. At the same time, Greece’s gross domestic product, or GDP, fell 56.7 billion euros. The Eurobank document described the drop in investment since 2007 as “deep and prolonged.”
The reduction in investment was mainly felt in the housing market (23.8 billion euros), followed by machinery and equipment (12.1 billion) and other types of construction (2.3 billion).
Eurobank said some of the key reasons for the dramatic slide in the amount of capital being invested in the Greek economy were the increases and frequent changes in taxation, the rising cost of capital, the reduction in lending by banks, the rise of uncertainty, an inability to create an investor-friendly environment despite some progress in this area, and expectations of weak economic activity.
The lender also notes that net fixed capital formation, which measures gross investment minus depreciation, has been in negative territory since the end of 2010. The most recent data show that the annual shortfall is close to 11 billion euros.
To underline how damaging the last few years, and the collapse in investment described earlier, have been for the Greek economy, Eurobank’s weekly report pointed out that unemployment in December 2007 was at 8.1 percent, meaning there were just 403,000 people out of work. By the end of 2015, the jobless rate had risen to 24.2 percent, with 1.1 million people without work. During this eight-year spell, 860,000 jobs disappeared.
Looking at the same period, bank deposits nose dived from 198 billion euros to 122 billion, a fall of 76 billion euros. Source
We contend that for a nation to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle - Winston Churchill
According to a report published on Tuesday by the Panhellenic Federation of Employees at Public Hospitals (POEDIN), Greece’s National Health Service (ESY) is on the verge of a complete break down with many hospitals threatened to close down.
The report points to various short-comings in the current system, from a shortage of doctors who are overworked to defunct diagnostic tools.
“Hospitals, medical centers, EKAV (ambulance services) are in a state of dissolution,” POEDIN stated in the report. They then commented directly to where they place the blame saying that Prime Minister Alexis Tsipras and Health Ministry officials will “soon have to answer for the destruction of ESY.”
They gave specific examples of the system’s failures such as the Geniko Kratiko Athinon Gennimatas Hospital, which is stretching its under-staffed departments to cover the 40 percent of vacant positions at the hospital.
Also, due to broken and malfunctioning diagnostic tools at the Geniko Kratiko Athinon Gennimatas Hospital, patients and doctors are forced to use private clinics or other hospitals to get CT scans and x-rays.
According to POEDIN major hospitals across the country are also being impacted by similar problems, such as Ippokrateio, Alexandra, Thriasio in Athens and Papageorgiou in Thessaloniki. Source
Last week we reported on the DC Leaks hack of what was over 2,500 documents detailing how George Soros and his NGOs influence world leaders, drive foreign policy, and help to create unrest in sovereign nations, that many times leads to chaos and civil war.
One country of particular focus for George Soros and his NGOs is Ukraine.
It is now accepted fact that Soros was deeply involved in the Maiden protests in 2014 and the violent coup, that saw a democratically elected government overthrown in the name of “EU values”.
What is even more troubling, as revealed by the DC Leaks hack, is how Soros and his network of “non-profit organisations” worked to lobby EU member states into not only buying his Ukraine “Maidan” narrative, but to also disavow any ties and support for Russia.
While the Politicians are all pointing fingers at one another and busy playing Greece' national game "More Left Than You"...tax payers taxes go up!
While they themselves, are exempt from capital controls!
"Everybody talking about justice, justice long as its "E.U." business first!" - Mose Allison
In classical Greece and Perikles time those responsible would have drunk the conium or been ritually strangled. Their estates and slaves proscribed by the state. Or Ostracized!
Seems to me, that long term, Greece cant act individually for the good of the country as long as the decisions are made in Brussels.
Greece needs to be pro-active instead of the last to know if food will be on the table or not!
The EU is whats stopping any real initiatives. Lots of smart educated Greeks going to waste and 3 out of 4 University graduates leave Greece TO FIND WORK ABROAD!
Not requiring huge outlays of borrowed money at usurious interest rates, industrial and medical hemp have so many taxable and useful applications. And are organic.
Hemp building materials are also carbon sequestering with little to no waste material.
Carbon sequestering means hemp absorbs carbon and is good for the environment. It will stop moisture too.
In my opinion there ought to be a ministry studying this.
But I am just an Amerikan-ak-yias and a Goddamn-ias. (see bottom of page)
Oil from the canavouri seeds is a super food. Today in Greece only the caged birds benefit... tomorrow the world!
With millions of olive trees Greece knows about high quality oil extraction. Greek Natural brands like Coco Mat and Korres are known world wide and hemp products can be used for both bedding and cosmetics.
Hemp doesn't need a huge loan to get started either and can be cottage industry in scope. Or as Henry Ford did: to make production line cars from Hemp fibers. Unbreakable with a sledge hammer.
Industrial hemp plant fiber has a myriad of uses from aeronautic composites, yacht hulls and car bodies to fabric, paper and building material. Since its stronger than steel why not make shipping containers out of it? COSCO would like that! Conceptually I see hemp as far more accessible to an average Greek, than say, 3D printing. On the other hand lets think out of the bag and provide the 3D printing people the pellets! Lighter but stronger than steel!
Put out of business by Chinese labour, Greece still has textile plant and equipment laying fallow.
If Greece acts today, for its own account, it will become a market leader and innovator and achieve the trend setting 60% market share. The current Greco-nomic 'brain freeze' needs to end.
Greece may not be able to compete with cheap Asian or African labour so Greece has to offer unique high quality products that don't go out of style!
Whatever products Greece ultimately makes, large or more human in size, be it a machine: a ferry boat, a vehicular family sedan or a futuristic but very reliable motorbike, let these be maintenance free and designed to retain value and give long service. Let Greece take pride in its unique heritage of technology. Its a Greek word!
Hellenically people need jobs. Its because native businesses have been depopulated thru globalization, capitol controls and prohibitive taxes, made all he worse by Mr. Chips and his posse of radically left accountants.
Pundits talk about 'natural' and 'organic' but plastic is a problem. For instance, replacing plastic grocery sacks with biodegradable Hemp equivalents would be more efficient in conservation efforts at keeping the blue clean beach flags flying.
The overwhelmingly good news is that bag usage has slumped by around 80% and remains static. The UK’s largest retailer Tesco said in December that the number of bags had been slashed by 78% since the charge was introduced, while at Morrisons, plastic bag consumption was down 80% across its stores. Guardian
Additionally, Paper may be made from hemp. The Declaration of Independence was written on hemp paper. George Washington grew hemp.
Hemp shoes and bags better than Zaras or in conjunction with Zara! Greece has maintained its shoe manufacturing capacity to some extent. Luggage and day packs from hemp material maybe sold to tourists as well as umbrellas and beach chairs made in Greece.
These are small business perhaps but easily accessible and profoundly practical. The middle class arises from small business.
They'll need new chairs. Make them out of hemp. Make them here in Greece. If our initiative succeeds we will be hosting the Olympics every four years and likely will need the chairs and other assorted stadium goodies.
If Greece cant see the many opportunities inherent in industrial hemp then lets add medicinal marijuana.
Which include: medical tourism, pharmacology, distribution system, educational awareness, medical testing labs and work for all the Greek University brain drain talent leaving every year. Truth is, there are, who knows, how many uses, for Industrial hemp and medicinal CBD's.
Athens Archbishop Ieronymos told the Pan-Thracian Committee that Greece is being “blackmailed by its creditors.” He described Greece as being water boarded. “They are drowning us, they are leading us to asphyxiation, until they achieve full surrender,” he said.
“Bailouts aren’t new phenomena. We have seen them before in the modern history of Greece.” He said that Europe of “solidarity” and collaboration in Christian spirit has turned to Europe of “exploitation and loan sharks of trade,” he said, adding that as long as Europe distances itself from its Christian spirit there will be no future. -
The so-called European Union, of which Greece a.k.a. Hellas is a member is ANTI-DEMOCRATIC.
EU Democracy is a cruel clown joke and a travesty.
The E.U. concept was originally hatched by The Council of Foreign Relations and The Queen of Belgium and their Bankster cronies.
What a great job she did for Belgium and Belgians who can't even agree as to what language to speak! Flemish or French. The Monarchy in Belgium is descended from their King Leopold - the guy that almost single handedly gave Imperialism a dirty name. King Leopold of Belgium killed, tortured, maimed and God knows what else ... all to get his Belgian Congo rubber plantations running up to snuff.
BRITAIN is lucky and clever to have been allowed to vote to exit the EU. The Bank of England is over 330 years old so if they don't know what they are doing by now they never will! BOE founded 1694!
Greece, on the other hand, needs to get serious about its future and over its inferiority complex. For a thousand years Greek was the language of the Eastern Roman Empire. Greek speakers invented Graphocracies or bureaucracy and should not feel inferior to anyone anywhere just because of all the outrageous violations they endure.
Today we can look at Greece as facets of a great gem. For tourism please use the menu above.
One particular facet of Greece defines its self by identifying with its classical past to attract tourism.
Another facet of Greece is its burdensome huge government bureaucracy.
If you examine the facts, all this overregulating & bureaucracy does is create endless career positions for its self and produce paper work and tax bills. The Guvmint' sets its own salary, one far more generous than the non equivalent private sector. Brussels doesn't mind that! But they want to cut the elderly pensions! We aren't supposed to notice!
DID YOU KNOW Sweden's Alfred Noble, of Noble prize fame, originally made his money selling MUNITIONS. A chemist, he invented TNT and Dynamite. After reading a premature obituary which condemned him for profiting from the sales of arms, he bequeathed his fortune to institute the Nobel Prizes. VISIT THE WAR MUSEUM ON MUSEUM ROW.
International Monetary Fund Managing Director Christine Lagarde has backed the idea of returning the Olympic Games to a permanent home in Greece.
Asked during a forum at the Aspen Ideas Festival in Colorado earlier this week, the IMF chief said: “I believe it is a good idea that is out of the box.”
“If this could generate demand, something the economy needs, that would be excellent,” Lagarde said. http://www.ekathimerini.com/210061/article/ekathimerini/news/imf-chief-backs-athens-as-permanent-olympic-host
Harrys Greece Travel Guide has been recommending the Games be formally returned to Greece for many months!!!!! Many others before me felt and feel the same way!
There is no single solution to Greece economic woes but returning the Olympic Games to Greece's stewardship ought to help the common man rather than a new bloated bureaucracy.
It just could be a giant leap for your everyday over taxed Greek citizen payer! Thank You Christine!
Bring the most Greek thing of all back to Greece, the Olympic Games!
And exclusively to Greece. We have the Stadiums, lets use them!
We may even be able to pay for them this way.
We invented the Games and Stadiums too!
We may have lost our marbles but we aren't crazy.
I'd love to hear about the legal title rights to this particular Greek franchise.
I don't believe they can stop a determined effort on our part.
Does Greece have the initiative to focus on a goal it can actually win, that will encourage tourism, create jobs and I believe, for which we are eminently qualified?
The Olympic Games is part of Greece's Heritage and should not be for sale or leased like Gold.
Or, and perish the thought, is all that Greece', so-called committee, lets ask Brussels, leadership know?
Paternal, central bank hoop jumping motions...supposedly with pensions as a tier one priority. Round up the usual suspects!
Greece could also deal with the doping aspect of professional sports in a variety of ways. It could ignore it altogether and thus fuel a TV frenzy of coverage and ensuing TV residuals, satellite feeds and concurrent economic benefits. That way both types of games could coexist.
Or Greece could guarantee a doping free environment to which no one would give credence and which would compete with the incumbent. Winter Games would be tough, that's true, but not impossible perhaps.
Or Greece could have amateur sports events to which everyone came. They come for the Marathon and they'd come for these too!
I'd prefer to have been asked my thoughts instead of railroaded down track 666 of 50 more years of debt.
Collusion with The EU banksters enabled and encouraged the Greek Debt Nightmare. And Greek sell out politicians and industrial and shipping family movers and shakers worked hand in glove with them to sock a few away.
For a small country like Greece to compete, recognition of its unique culture is necessary. Greece should be nurtured and respected. Just as Liechtenstein, Andorra, Monaco and Guernsey are recognized for their uniqueness and given special status so should Greece.
Since the E.U., representational Democracy no longer exists in Greece. Greece is unable to achieve comparative advantage due to regulation and high costs of living.
The Diss-Eunion is a Brobdingnagian scam astroturfed by bankers and lobbyists and a extra layer of big useless taxing government. Foisted upon us by The Banking Cartel. Look at poor Ukraine, its not a member yet but owes the EU Billions.
Ukraine is a partner country within the European Neighborhood Policy (ENP). - The European Commission, on behalf of the EU, today disbursed a loan of €600 million to Ukraine. European Union governments formally approved a 1.8 billion euro ($1.9 billion) loan for Ukraine on Tuesday to help save it from bankruptcy.
The European Neighborhood Policy (ENP).
As a member of the EU is this even legal?
Is it even Democratic?
Additionally Residents and TOURISTS pay a quarter more due to imposed 24% VAT.
Is this good for tourism and growth?
Is it good for Greece?
All Inclusive tourism with the UK, Russia and China for example doesn't help the local Greek economy - its a closed system.
Increased Cruise ships will help those ports they pay call to no doubt. Perhaps souvenir and trinket factories will benefit having closed in Greece and moved to Bulgaria. Current unrest and strikes by Piraeus dockworkers are souring the view of perspective cruise companies seeking "Home Port" docking facilities including prestigious client Holland America.
The good news is that a civil aviation authority strike was just postponed. These labour slowdowns and stoppages are begot of the austerity measures affecting all economic strata. Pension decreases & tax increases. All except Government and Utility CO. Employees who get cost of living increases of 8%. Is this fair?
It reminds me of the opening quote, which, in case you missed it is:
"Should government refrain from regulation (taxation), the worthlessness of the money becomes apparent and the fraud can no longer be concealed." - John Maynard Keynes
So, if you do work, they tax you against your salary for your social security to be paid years later. Which, as we can all see, is a system that doesn't work. Today pensions are being slashed. How is that working for Ya?
If there was a sound easily understandable economic plan that would be one thing. But lacking such plan Greece should either renegotiate the so-called-debt or default. Opportunity favors the prepared mind. A crime to waste it. In my opinion we have other options and so does the world.
Want to know how to get to the Greek Island ferries from the (ATH) Eleftherious Venizelous airport? Allow 2-3hr transit time.
The goal of this particular page of this site is that Greece or Hellas should regain sovereignty and a more business friendly environment. A trimmer & leaner less regulated and taxed Greece.
There is no place quite like Greece but right now its top heavy, dependent and stagnant. Hellas is unique and has every responsibility to remain so. The slings and arrow of outrageous history have taught the Greeks resilience but current measure exceed civilized known norms and conventions.
The new post Grexit Greece, while honing its edge, should exceed commensurate freedoms with other TRUE western democracies and regain control of its sovereignty.
Greece is the canary in the coal mine of western civilization. Greece needs a new, and for lack of a better name, Humanitarian Party upholding its Orthodox Christian Values and Demographics. Greece cant afford to continue these reckless practices dictated from far away for political reasons and where its easy to scapegoat innocent Greek citizens who had nothing to do with these loans.
The first duty of a revolutionary is to be educated. - Che Guevara
Το πρώτο καθήκον ενός επαναστατικού είναι να εκπαιδευτούν. - Τσε Γκεβάρα
A government that robs Petros to pay Pavlos can always depend on the support of Pavlos.
- George Bernard Shaw
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the Objective Tax Criteria.
Greek citizens are unfairly taxed
based on absurd criteria and even in advance.
Greece is the only country I know where they tax you in advance!
Click & Vote to End the unfair Andemeniki Kriteria
Definition of 'Lose your marbles' from our dictionary of English idioms and idiomatic expressions. ... If someone has lost their marbles, they've gone mad.
Loan Sharks (Toixoi Gylifti) Central Bankers!!! Parasite Politicians!!!!! Quit pissing us off!!!!! 23% V.A.Tax!
“For the sake of historical truth I must verify that only the Greeks, of all the adversaries who confronted us, fought with bold courage and highest disregard of death.” - Adolph Hitler
Harry's Greece travel site is for foreign travelers to Hellas (Greece) who want to get it right the first time or even make changes if need be.
Get a free quote from us without obligation and compare!
If touristic and travel services are needed then we can provide them! On a budget? Budget Greece used to offer many time honored options now complicated like you read about or see on TV.
Today in 2016 Greece is the among the most expensive countries in Europe or close to it!
Then there is the Value Added Tax of 13% or 23% depending on the nature of the goods. I liked it better the old way.
But I went to school and studied economics so must have missed the day they planned it this way.
HGTG offers plenty of free information about travel to Greece. But I alone cant keep up with the news. That's why I work with two licensed travel agencies whose job that is.
In 2016 We are looking forward to a banner year of 26,000,000 tourists. If you believe the projections.
Picking up business from those with other priorities. Also Greece will become a cruise ship home port.
Hemp is intentionally being kept out of the main stream. What's criminal is that there are "collectives" out there who continue to demonize industrial cultivation for their own fiduciary self aggrandizement.
The system operates underwater and harnesses the power of ocean currents, effectively turning the ocean’s swell into electricity. Last time I checked Greece had 9,000 miles of coast line!
"Keiser Report" Episode 941 Max and his guest discuss financial parasites. How a debt based fractional reserve banking sector sucks money out of the economy and in to the financial sector where it doesnt enter into the main stream economy.
Wall Street is all abut fraud and financial repression. Hundreds of millions in fines have been paid by banks but no one goes to jail. Where does this fine money go I wonder?
The present level of debt is unsustainable in Greece, the USA and everywhere else.
Industrial Hemp has been with us for thousands of years and is one of the most empowering plants given us by nature. The Canadians and 36 other countries, but not Greece, are using Hemp in automobile and other industries including cloth, fabric, paper, hempcrete, rope, etc. and the list goes on.
There by replacing toxic Fiberglass! Hemp is an organic, ecological, and even stronger composite material. Suitable for Formula One, Marine, General Design, the Aerospace Industry, guitar bodies and whole lot more!
Greece builds yachts and many boats. Wood is expensive and fiberglass chemically toxic. Industrial Hemp composites are less expensive, stronger and easier to grow. Conceivably you could grow your own fields and like olive oil, go on to create wealth based on the number of olive trees or hemp plants grown. Hemp will grow in places olive trees wont! You can grow both. An industry with roots accessible to all. Different areas of Greece could use hemp for different things perhaps. And with a cohesive plan who knows what Greece could achieve! From Wikipedia below.
Cannabis for industrial uses or Hemp (from Old English hænep) refers to the high-growing industrial varieties of theCannabis plant and its products. Cannabis is one of the fastest growing biomasses known, and one of the earliest domesticated plants known. The plant can refined into products including paper, textiles, clothing, biodegradable plastics, construction materials, health food, animal feed and fuel.
Shrewish and myopic eyes have made big plans to monetize every aspect of Greece and blame it on you!
They know you didn't pay all your taxes! Its obvious plus they have all your previous data and figure you are an unpatriotic cheat. So they pick a number - guestimate - as to how much it is you are really raking in. In their opinion.
Essentially you are guilty until proven innocent. People are understandably upset. After all what do we get for our money? Being taxed in advance is undemocratic at the very least.
Soon, they postulate, they will have pacified us with GMO foods, meat chock full of antibiotics and mandatory vaccinations. In this elite secret society manner they hope to condition us to allow the implanting of sub-cutaneous tracking chips to better protect us from the unscrupulous wolves.
She is also accused of cheating to build fake Facebook 'likes.' ... or never tweet – and she's already under fire for 'buying' fake Facebook fans ... Although Hillary Clinton boasts a robust 3.6 million Twitter followers, not even a ...
Hillary Clinton campaign buying millions of fake Twitter and ... that a large number of her Facebook fans may represent 'likes' that were ...
The Washington Examiner reports an audit of the Twitter accounts for the 2016 presidential candidates found Hillary Clinton has the highest percentage of phony followers by far, a whopping 41 percent. This means that of the 4.65 million followers Clinton claims, 1, 906,500 of them might be fakes.
These fake followers were sniffed out with a tool called TwitterAudit, which examines the activity on Twitter accounts and looks for telltale signs of falsehood, such as a very low number of tweets, small numbers of followers, and other metrics combined into an authenticity score. Its creators readily concede the process is not perfect and can have a significant margin of error. Breitbart 15-11-09
George Orwell "In a time of universal deceit - telling the truth is a revolutionary act. War is peace. Freedom is slavery. Ignorance is strength. Big Brother is watching you."
All animals are equal, but some animals are more equal than others. Orwell
Man is the only creature that consumes without producing. He does not give milk, he does not lay eggs, he is too weak to pull the plough, he cannot run fast enough to catch rabbits. Yet he is lord of all the animals. Orwell
Today, however, in order to keep face, or is it facade, bankers are using Greece as a scape goat and poster child for what happens to naughty children who think they can buck the system. Pun intended.
Because, thus far Greece's 21st century economic marching orders from Brussels are ridiculous, detrimental and only stifle the economy. Merely milking us dry as it were. Stournaris, president of the foreign run Bank of Greece, sadly acts the true goose stepping sell out.
Accomplishing Nothing as far as I can see. And doing harm instead. Negating Comparative Advantage, a fundamental economic principle.
And its expensive to live in Greece. Food, drink and Utilities in particular.
That's him above, tete-a-tete with the shadow Reich Chancellor. The Poor man. He'll find a way to make us pay. Unfortunately now its the wrong way. The correct way is to prosecute the guilty not tax the innocent.
Hoping that this way we will be distracted from the past and those who lead us into this mess. Earlier Bank toadies enabled by Pasok and New Democracy.
Outrageously they are even taxing Greek citizens in advance!
Taxing you for income before you make it!
And, if you by chance lost money, you are a scofflaw, lying and to be fined.
Toss in, that only the public utility and government employees are immune to pension cuts and that each of the 300 Parliamentarians makes over 8,000 eu a month and has several assistants earning 5k/mo. min.
And you can see that these servants of the state are out of touch and think we are stupid. Government employees just got an 8% cost of living increase in 2016.
The Social contract has been altered between homeowner and state. Its two separate classes. Them and us.
Here is what is going on in Greece. Its Democracy with paid actors and those taxed to support them. Problem is there are so many actors supported with luxurious salaries and benefits that there are not enough Greeks in the tax base to support them. Solution? Tax the buggers more! In advance and say its for the left!
The Public Sector has grown to where its large enough to keep voting its self into power. And its tendrils dig deep enough (as in people you know, that you don't want to see, loose their pension) such that it is akin to overthrowing the Tyrants of Antiquity. A Greek Tragedy for the New Millennium.
While taxes and utility bills increase with every cycle of the moon, services decrease or are, in some cases non existent.
We recall we are told there is no inflation which is not true - goods still increase in price at my super market.
Service prices, on the other hand, as for masons, plumbers or floor repairmen have deflated.
Copper wiring has gone up. Greece uses the metric system but not for plumbing supplies like pipe which are sold in inches and feet.
Also the Aegean and Ionian seas comprises a big part of Greece and local mariners use nautical mile terminology. Go figure.
A nautical mile is based on he circumference of the earth, and is equal to one minute of latitude. It is slightly more than a statute (land measured) mile (1 nautical mile = 1.1508statute mile). Nautical miles are used for charting and navigating.
With all this adaptation Greece is so good at you think that maybe we could get along with out the Euro currency if we really tried too?
What if we had our own currency again? Like we used to. It would make us more competitive. Try telling that to a bureaucrat who cant be fired.
Alternatively Greece could even join he British Commonwealth Currencies in theory. I mean since we don't have any ideas of our own. Or much credibility either. Greece owned gold once. Greece had control of its own affairs once too. A lot has changed.
In fact that is a great idea. Greece and the UK could exit together and Greece join the Commonwealth currencies.
Britain has had intimate relations with Greece for many years. Particularly Corfu.
Whats stopping Britain from forging currency alliances with Greece and other like minded European sovereign states?
Heavily indebted EU states which are already well down the path to ruination and perdition through debt enslavement and private bank issued money.
"If the Nation can issue a dollar bond it can issue a dollar bill. The element that makes the bond good makes the bill good also. The difference between the bond and the bill is that the bond lets the money broker collect twice the amount of the bond and an additional 20%.
Whereas the currency, the honest sort provided by the Constitution pays nobody but those who contribute in some useful way.
It is absurd to say our Country can issue bonds and cannot issue currency. Left Federal Reserve Note
Both are promises to pay, but one fattens the usurer and the other helps the People."
- Thomas A. Edison
As our Hellenic paper currency' badge of authenticity, what shall Greece choose? How about our coins? I believe we will always require a physical hold in hand type of currency in addition to a digital one.
Greece needs to reorganize a couple of dynamics. Figure out what its best interests are. Today nobody in his right mind wants to invest in Greece and we are leaking business like a sieve.
Greece should use its head to think both in and out side the box.
Instead of calling our new issuance the Euro or New Drachma we might want to look around and see what other currencies are in circulation and how they compare to new technologies such as bit coin. Bit coin or block chain technology is safer the more people use it.
I have a good video below which portrays bit coin as a potential sea change.
Just think, what if Greece took the initiative and announced a Greek government 'guaranteed*' Bitcoin platform open to all?
Greece would reap huge benefits by enabling bit coin. Providing a backbone core system of linked fail safe servers to provide a bit coin Fort Knox and stuff.
Greece could morph into the rock foundation upholding the sanctity of Bit coin and blossom into a new Digital Switzerland. For Greece to sell you Bitcoin you would have to buy with accepted script: dollars, yuan, renimbi, euros and so on.
In one scenario, Greece might cash reserve-sit on 75% of this money. Regular Western banks are highly over leveraged with debt. Greece's product wont draw if it doesn't offer a solid diaphanous understandable frame work. Greece's OPAP gambling and lottery is a world wide model of how Greece can achieve prominence technically if not ethically.
Lets fantasize! What would be the best place for Greece to reinvest this money? What Western banks do is buy more gold. They hoard gold and silver to keep it out of circulation and our sight and mind. They can print money and debase the currency with eclat this way.
What else should Greece consider doing with surplus money I wonder? Greece current liquidity problem might become an over abundance of solvency issue. A la Yiannis Varoufakis speak. If such a scheme took fruit what would an entity like Greece do with that money? Pay back its debt no doubt. But become too big to fail.
Debt aside, other worthy options should include reinvesting in its self and also Gold, Silver.
We'd shy away and steer clear of any Goldman Sachs sure fire schemes of collateralized US auto or student loan debt. We could invest domestically with our own money in the Amusement park multi-plex I-max Cirque Gymnastic School I outline below at the old airport in Athens. We would reinvest in the future of Greece and improve medical and educational ministries to name only two.
Digitally, Greece, if forgoing, branded printed and minted coins for money and using only BitCoin, Greece wouldn't need it own currency would it? Or perhaps its particular bit coin would need branding. Grit Coin perhaps.
Electrical Power consumption is an issue in Bitcoin mining. Which currently (pun intended) uses a grid intensive carrot and stick approach to encourage bit miners. Here is a great Bitcoin article I read on the Motherboard site by Sebastian Deetman.
For up to the minute 2016 pricing use the inquiry links at the top of each page.
Featuring the Greek Islands and classical mainland, we offer conventional Greece tourism such as tours and cruises and alternative Greece tourism including self walking tours, guided walking tours, hiking and rafting in Greece.
You can also discover many Greek travel ideas using the drop down menu above. If you want to book your rooms on line yourself or through a computer hotel portal compare their prices and ours!
Please compare our prices before you book through a hotel site or portal.
Visit our Greek Island Ferry schedules resource links. Then learn how and when to reach the port of Piraeus from ATH or Athens Eleftherious Venizelous Airport. Or we can arrange transfers in a/c comfort.
According to the president of the Hellenic Confederation of Professionals, Craftsmen and Merchants (GSEVEE), some 6,000 Greek enterprises have emigrated to Bulgaria in the last couple of years alone.
At the same time, the GSEVEE chief says, Greeks are behind about 60,000 new tax registrations and bank accounts in the neighboring country.
The interventions planned for the social security system can only be expected to lead to more Greek firms emigrating.
Regarding their participation in tomorrow’s general strike against the government’s planned pension reforms. The two unions warned that manufacturers and merchants will not stop at this strike, and will escalate their industrial action further.
Greeks’ faith in the European vision appears to have been particularly shaken. The first major survey found that 46.2 percent of Greeks believe that the country has recorded net losses in terms of financial growth and well-being from its membership in the European Union.
The fact that just half of that percentage, or 23 percent, wishes that Greece had left the EU is due to the fears that Greece’s position outside the bloc would deteriorate further.
Greek society today appears practically divided between Europhiles and Euroskeptics. This is a split which, as long as Greece remains in a structural crisis, could evolve into a new division,.
Daskalopoulos attributed the growing Euroskepticism among Greek society to “the continuing crisis, the pointless clash between supporters and enemies of the bailouts for six years, as well as the inflexible economic dogma for austerity that has been testing the stamina of our society.” source
I don't have all the answers or solutions and anyone that says he does is lying! But I have a few!!!!
I ask people to name just one thing they like about the Euro as we've known it.
So far only the convenience of not having to exchange currency is the only response I've gotten. Prices have gone up from week one of the euro. I was here, I am still here.
Greece wanted to prove that it could put on an Olympic Games so we got into debt. They were warning us back then that borrowing for Olympic Expenditures would lead to trouble and here it is!
As to Greece leaving the Euro and other mongering-grandstanding. In my opinion there really is no Europe with out Greece. In Greek Mythology Europa was raped by the Zeus. Europe is still getting raped but by the bankster.
Europe is a Greek word! So is Austerity. So is Economics. Its not what Europe can do for Greece its what Greece has already done for Europe and the Christian world! Bible is a Greek word too and in the Bible it says: "Money is the root of all evil".
Greece is the alpha and omega of Europe. Its cradle and its crucible. Modern Greece, for all its its current faults still has plenty of historical moral high ground to be proud of unlike Germany, Italy, Vichy France and Spain. Greece is the best thing to happen to Europe!
We remain true to our Christian Ideals. We said no to Hitler. Defending Greece we handed the axis its first defeats. We have fought hard and we have worked hard. Are we to trade our life savings away?
Its time for Greece to quit allowing so many politicians to feed at the public expense and bind us to disastrous agreements.
And with our pension money to invest with known bankster criminals and smiling all the way to the bank politicians.
We should do as Iceland did! Now instead we are yoked for another 50 minimum years of debt! Excuse me? This is Leadership? This is Vision? This is the Plan?
Send your ideas to: hgrant-at-otenet.gr and I'll put them on line and give you credit if desired.
Put Lets Save Greece in the header of your e-mail. Kindly Be positive.
“A creative man is motivated by the desire to achieve, not by the desire to beat others.”
If you get all your ideas from bankers you are going to end up with one thing Guaranteed. DEBT!!!!!
Here are a few ideas of mine:
With the best roller coasters and amusements in the world. This will draw tourism. Family and youth.
Additionally make it an extreme sport destination and metro link it too!
There are many tangental complimentary things Ellinikon could draw world wide crowds for! Cirque and Acrobatic skills for example.
The Chinese, Canadians and Ukrainians teach these skills! Why cant we partner with them and create a unique facility or two or three?
Greece is already a tourism destination and offers a better climate and more central location. 11,000,000 people pass thru Greece in a good year if you believe. Apparently that is not enough to pay our bills. So lets provide full time spectacle and a full time teaching/work university. Bread and Circuses worked for the Romans.
There could also be an Aquarium and the latest exhibitions and art. Easy transportation a must in such a location. Such a park could be something to spread skills and unify us because the EU values aint doing it!
We don't need another fooking mall with the same olde overpriced shite in it!
If you get all your ideas from bankers you are going to end up with one thing guaranteed. DEBT!!!!!
But how are we going to pay for it Harry? We can crowd source. Issue Bonds kinda even but not through a broker!
Money you could spend on your vacation in Greece perhaps?
We don't need no stinking central bank. We need Pay Pal. If every Greek in the diaspora and here in Greece put in 10 euros we'd go from there! But we need the system behind us instead of grinding us down.
Ayn Rand — 'The question isn't who is going to let me; it's who is going to stop me.'
If Greece was a nurturing and competitive environment the economy would improve. Also the additional layer of Euro Government usurps Greece' freedom and self determination economically and in the eyes of anyone with eyes to see!
Greece doesn't need the European Union. Greece, perhaps, when and if considering a union, Hellas should make its own Union with Bulgaria and the other Balkan states and even Iceland, Italy, Spain, Portugal, Israel and Egypt.
Those Greek travelers considering a visit will see that besides the information contained herein about travel and vacationing in Greece, Harry is willing to show you the taxing side. Expensive newly invented and unconstitutional taxes which certainly change the social contract between state and private property holders.
Sadly since the euro currency inception there is 23% Value Added Tax more to everything you purchase in Hellas. Besides just laying on the beach, playing with your electronic devices and making friends and influencing people. For Island hoppers, one set of extenuations will exist, and for those confining themselves to the mainland, another. For those of us behind the curtain of 'the good time to be had by all in Greece' my small voice squeaks shrilly!.
In general for first time visitors, High Season is when you'll appreciate your informed travel professional and having used our services the most.
What would Henry Miller or John Fowles do before evoking Greece on the printed page? I tell you what I do!
Down a sfee-nakee or two of Greek brandy, ouzo or raki with appetizing mezedes. Grilled Octopus if I can get it!
Because Greece has a long history of distillation, occasionally, counterfeit name-brand, imported liquor, called 'Bomba' maybe be foisted upon you. Drinking the local Greek distillations ensures authenticity.
Imbibers will gain new respect for the kefi inducing power of these ancient Greek cultures refined to time honored levels. Each domesticallity and island, in fact, often has it own local liquor.
Usually focused on indigenous flavours using various herbs such as the palette cleansing mastich of Chios Island. Gum Mastic from Chios is the original Chewing Gum.
Mastich (a bushy plant) refuses to be transplanted and wont grow anywhere else but on Chios.
Similarly also in ancient and not so ancient time, the wine, 'Malmsey' loaded from Monemvasia Peloponnese was highly prized by those affluent enough to drink it.
c.1400, type of strong, sweet white wine, from Provençal malmesie or Middle Dutch malemesye, both from Medieval Latin malmasia, from Medieval Greek Monembasia "Monemvasia," a town in the southern Peloponnesus that was an important center of wine production in the Middle Ages, literally "only one entrance," from monos "alone, only" + embasis "entering into," from en- "in" + basis "a going, a stepping, a base" .
Corinthian Currants and Grecian grapes as well as wheats and grains have been cultivated here from antiquity and which knowledge was part of the Elysian Mysteries. Lets preserve and honor this unique Hellenic heritage and in more ways than one and build on this tradition of innovative excellence and astuteness. Meanwhile....
For those really planning a last minute visit and even hard boiled, confirmed, sun worshipping, island idolators, feverishly mapping their itineraries, Y'all know to stay within one island group. Keep things simple - avoid travel time.
This way you will receive free of charge, Oracle like insight using this nifty ferry schedules Greek islands route map.
There are 7 Greek Island groups. The Cycladic archipelago grouping is ideal. If you're planning a whirlwind tour of the islands in three days.... that's something best left to a travel professional who will be on top of things if need be. And hopefully talk you out of it. You know who you are!
Invariably flights and ferries get delayed and canceled due to high winds and other reasons.
Since 1999, HGTG has been offering full service travel arrangements from 5 star luxury on down. Hotels, walking tours, guided tours, cruises, transfers, ferry or domestic flight tickets and even private taxi tours planned around the sights you have always found romantic.
Want to know how to get to the Greek Island ferries from the (ATH) Eleftherious Venizelous airport? Allow 2-3hr transit time.
On the subject of your lodging location, consider techno noise at night - revelry or quiet is something to consider when visiting party islands. For instance, Mykonos or Santorini are known for their bacchanalian rites of summer and historically important sights/sites being Delos and Akrotiri.
But you may find this noise pollution problem where ever you go in Greece. And likely will.
Its part of Greece' charm or problem depending on your perspective. Other peoples unreasonable decibel music.
Or and this is interesting, we can be like Zimbabwe and switch to the Chinese yuan. Or like the Turks just next door we could switch to a more gold based economy. Right next door. Right now 3/4's of Turks don't use banks!
It appears there is another way! Icelands' citizens obviously have more control over their government than many other small countries. They also have good memories of what it was like before they liberalized their banking Industry and ended up debt enslaved! Its didn't even take 10 years for it to befall them either. They are saying NO and jailed those responsible.
Rick Simpson, one of the world’s cannabis icons and activists for legalization of marijuana, has healed more than 5000 people with cannabis oil – after he was diagnosed with the most severe skin cancer in 2002 and cured the dreaded disease using hemp oil.
Cash "under the mattress" totaling more than 15,000 euro, jewelry and other valuable items such as diamonds and gemstones, should be declared to electronic system of tax authorities, Taxisnet, as of 1 January 2016.
Next to properties and vehicles and shares, now the taxpayers will also have to declare their deposits. And not only that. They will have to fill if they rent bank lockers and if yes, also the name of the bank and the branch, even if abroad.
Average Greek citizens have been brow beaten so much by the entrenched bureaucracy, red-tape and rigmarole that they know its useless to complain unless they oil the machine or a bunch of them show up with pitch forks and torches.
Greece is a lot like Castle Dracula with our life blood being sucked by bloated apparatchiks in the Eu and on Wall Street and particularly here in the top heavy government bureaucracy and bloated demos (public machine). Larger countries with Parliaments have fewer ministers and much better economies.
These 300 parliamentarians and current plan of representation was one of the last measures implemented by Pasok & George Papandreou.
He called it Good Government (state) or Kallikraties. I call it an outrage! It would be one thing if Greece's economy was firing on all cylinders instead of limping along and begging for gas money. Do these people deserve this kind of money? 8,000 eu a month?
Rumor has it of just one parliamentary assistant who get 4,200 a month plus another 2500 bonus. There are a lot of assistants.
Many, many Greek citizens find this particular point of salary sticking in their caws (throats).
To paraphrase Churchill "Never have so many, taken so much, for offering so little, in this, our worst hour"
Its the oldest scam perhaps but if I were going to blame anyone, I'd blame the Bank of England, the Fed, the international banking cartels and the big corporations. The B.I.S., Bilderbergers, the Fabians and Wall street run the US treasury and internationally all fiat currencies suppress the price of precious metals.
War declared, Gold falls! Economy in tatters, Gold falls. Nuclear Sabre Rattling, Gold falls. Nothing to see here - The Elite know what's best, you wouldn't understand because they purposefully, through their control of the media keep you off balance and not sure where to start.
Q. But whats the white elephant in the room? What's the one ring that binds us no matter where we live? That we all have in common?
A. The money supply is the link that binds us all. Gold used to be the bench mark.
Fiat printing Governments hoard gold for a reason. To keep it out of the money supply. Out of sight out of mind.
They hate it. It keeps them honest.
Since Richard Nixon took the USA off the gold standard 1971 now they lend us money they print from nothing; and the whole world is in debt. But you and I are paying for it in our hard work, economies and taxes. This isn't freedom, this is a shill game, ponzi scheme.
They create more credit with a digital entry. From Nothing! Then your government taxes you to pay for the lousy deals they made with your pension money. You work your whole life to be screwed over. Is this the future you want to leave your kid?
The get away with it now but for how much longer? People have caught on to the scam. The more they print the less each is worth. They are stealing our future with naked short selling futures. Registered COMEX gold, has just hit an all time high of 294 ounces of paper for every ounces of physical.
However, the Chinese keep buying physical gold in record amounts. Nobody ever said the Chinese were stupid! Maybe they know something we don't! Even the Turks have way more gold in circulation than Greece and very few of them trust their money with the bank!
For every Turk who saved in a deposit account last year, three opted for gold or cash, a December MasterIndex survey showed. Those who deposit their lira at banks refuse to do so for more than a few months, according to the survey commissioned by MasterCard Worldwide.
“It’s hard to change ingrained behavior and Turks like to remain liquid,” said Michael Gomez, co-head of emerging markets at Pimco, manager of the world’s biggest bond fund, in a telephone interview from Munich.
Gold and silver should be in circulation and are the only real money. "Money is gold, and nothing else'.- J.P. Morgan.
Today JPM is run by a Greek American Jaime Dimon. Small World! Thanks Jaime!
JPM is the right hand of the US treasury or vice versa. Also known as 'the plunge protection team' and form the Synyster hand of the people behind the curtain. You know, the ones that script the news!
"Should government refrain from regulation (taxation), the worthlessness of the money becomes apparent and the fraud can no longer be concealed." - John Maynard Keynes
If he said that? WTF? I thought Keynes was the culprit! Ah so Keynes knew exactly what he was doing. Just like Bernays the so called father of propaganda knew.
'As civilization has become more complex, and as the need for invisible government has been increasingly demonstrated, the technical means have been invented and developed by which opinion may be regimented'. - Edward Bernays
I guess the people that used his services initially were Madison Avenue's Mad Men. Through their payments to Bernays, they created a self fulfilling increase for their own need for invisible manipulation based on the profit motive. Personally I think some government is necessary but not bought and sold invisible government used by corporations and hedge fund managers to control us. Lobbying & Lobbyists should be banned. Along with the robber barons of today!
Digital media is a 2 edged sword and its already cut them 3 times. Assange, Manning, Snowden. Not to mention none if it is really secure and I am sure they don't know the half of it. Meanwhile, the money lenders are laughing at us.
But what do I know? Like George Papandreou himself I am just a Greek-Amerikan.
An American-iakias and also a 'GodDamn-ias'.
A 'GodDamn-ias' is an actor on TV or films who says God Damn it really forcefully. Greeks, who invented theater and democracy after all, love cinema and appropriate English expressions with their unique and incisive sense of humor.
For Example If you are 'sto Cheetah' (Tarzans' Cheetah) you are upset similarly, the way Cheetah would get. I am upset like Cheetah when he is warning Tarzan his tree house is about to be repossessed by faceless entities wearing $1,700 Hugo Boss suits while touting their fiduciary responsibility.
So maybe you care that they are making monkeys out of us?
This manipulation of the benchmark gold price affects everybody everywhere on the planet. Add in all the other shenanigans and here we are! If you don't think Greece is going to pass it on to the customer - what else can it do?
So, if you are of Greek extraction, but not exclusively, and sitting there in New Smyrna, Montreal, Melbourne, Sydney, London, Astoria or even Caracas, and also upset, or are even considering getting up set, kindly link to me and spread the word.
Or ask a friend with a web site to link to my site and perhaps we can shame these people into reducing their 8,000 eu/MO salaries. Because Cobbers, they are not ashamed, which in Greek, in case you forgot, is; den drepounde.
Austerity should lead by example, not 8,000 euros a month. More water needs to go into the wine not more taxes. That is, if you want to be taken seriously. Politicians like these are why regular folks want to hide income. O Cuckoos, Eye-doni! You pay for a nightingale and get a cuckoo.
P.S. If you think I am making any money from this. Honi soit qui mal y pense. Skordo sta matia sas!
If you'd like to return there are three ways to reach this page, each more memorable than the last.
http://www.greeceathensaegeaninfo.com | http://www.harrys-greece-travel-guide.com | http://www.harrys-greece.com
Independent MP Nikos Nikolopoulos has filed charges against former Prime Minister and president of Movement of Democrats Socialists Giorgos Papandreou for high treason.
In the charges brought by Mr. Nikolopoulos, The former PM is accused of violating the institutional process for publicizing the country’s fiscal data for 2009, when he announced the deficit on Kastelorizo, six months before the Court of Auditors’ report.
The Independent MP alleges that the former Prime Minister’s actions resulted in increased pressure on Greece to accept the bailout agreements, which ultimately harmed the country’s interests.
Upon leaving the Prosecutor’s office, Mr. Nikolopoulos called the former Prime Minister “the doorman of international loan sharks” for “subserviently and consciously” opening the backdoor for the money lenders and IMF, which in turn resulted in economic and social devastation in Greece. http://www.tovima.gr/en/article/?aid=828326
'Malakes' is a term of endearment Greeks use amongst themselves!
Malaka is singular and Malakes Plural!
In Greece its the "M" word.
A person who acts obsequiously toward someone important in order to gain advantage. synonyms: yes-man, bootlicker, brown-noser.
Plutarch appears to be the first to have suggested that the source of the term was in laws forbidding the exportation of figs, and that those who leveled the accusation against another of illegally exporting figs were therefore called sycophants. The Greek word for a fig is a "Sica" also slang for "gay".
This is a word you experience every day while in Greece.
Its pronounced phonetically:
Tee-ho-glee-fi-a. An example is current Greek Bank Visa & MC credit card rates at this level. The Bank gets the money from nothing and charges you 18%. What would you call it? Just? Fair? Δικαιο & τίμιο respectively.
Hipster, knows his onions, opposite of
Country Bumpkin, A Rube or Sucker a fool and his money are soon parted
1897 Rudolph Diesel invents world’s first diesel engine which is designed to run on clean burning vegetable oils including Hemp Oil which does not cause pollution or create carbon buildup inside engines.
For 30 years Hemp Oil was the fuel of choice for automobiles until international banking cartels sought to destroy Hemp so they could replace it with their toxic petrochemical fuels.
Spiked drinks (known as bombes) are served in some bars and clubs in Athens.
And also in resorts known for partying resulted in huge problems for one young Brit, aged 20.
The young woman was rushed to Rio hospital in Patra on the mainland Peloponnese from the Ionian island of Zakynthos where she had been drinking these adulterated drinks.
She arrived to the hospital unable to see and with acute kidney failure after attending a drinking party with her friends.
Though she appeared to be fine the next day, she then went to sleep for two consecutive days and woke up blind.
Pathology lecturer, Dr. Haralambos Gogos, says that methanol is known for its toxicity and can cause blindness when consumed as alcohol.
Apart from problems to her sight, the young woman was also treated in the kidney ward. Doctors are still uncertain if she will regain her eyesight or fully recover from her kidney problem.
The young tourist’s parents rushed from London to be by their daughter’s side. It should be noted that this is not the first time that adulterated alcohol has caused problems in Greece. http://greece.greekreporter.com/2016/09/02/british-girl-goes-blind-after-spiked-drinks-at-zakynthos-party
No one seems to care about Greece's future in a quality of life sense.
For the average Hellenic citizen, the Greeks themselves cant see past their next outrageous tax increase or another instance of their heritage being stolen and them receiving no credit card at a usurious 18%.
About the taxes, the Greek business environment is cumbersome! Like an encrusted bronze statue laying under the sea for a thousand years!
And the pension payments for service economy employees make no sense when we are forced to see, clear as the nose on our faces, todays repeated pension cuts.
Red Flag!! Hello? Something wrong. Why are we paying this money? Where is this money going? Why are our pensions being cut today? Why are we still using the same system hoping it will payout in 25 years when its not working now? Yoo hoo?
For some forgotten reason we allow them to collect and pool this pension money and then invest it.
But there was so much debt they had to hide it to continue the con! They invented Credit Default Swaps! Hide the debt now and sell your souls later!
Derivatives and fractional reserve banking don't work long term.
Its not an accident.
Inflation, they say it doesn't exist...Its the direct result of fractional reserve banking.
The more money there is the less its worth.
So the sharp folks over at Stanley Goldstein dreamed up Credit Default swaps to hide Greece's debt. Which exact debt pray tell?
All facilitated by the friendly folks over at Golden Morganchilde.
Whom is still Greece's broker and investment plan.
And another thing. No one asked me, but why are we paying taxes for Education?
Three in four Greeks that finish college go abroad to work!
I like education but the reason these folks go abroad is intolerable.
We need jobs for them here in Greece.
So we look for a work around. An industry that will employ our university graduates!
Industrial Hemp cultivation is accessible agrarian industry compatible with local crops
Farmers can turn in their biomass for central processing and receive cash or 3D printing pellets by weight.
Industrial hemp and medicinal marijuana is one industry with several off shoots that Greece could encourage and why not?
The Industrial Hemp wont require huge loans from foreign investment since its plant based and can be grown where olives are grown and even in sloped areas where olives cant be cultivated.
Its a 3 month crop too! Allowing multiple harvests in Greece salubrious climate.
Because this situation is the same old, same old debt quandary we were never meant to escape.
I am not sure exactly how to label HGTG today in this endless downward spiral transitional period for Europe and Greece.
Today political labels mean nothing. Left, right, Pasok, New Democracy, blue and green, Republican or Democrat. The Bankers are running the show!
But the situation on the ground and at sea and even in the air is changing.
Due to financial manipulation or out of banker control? They wont say. You figure it out.
What will it be like in summer? Or when ever it is you plan to visit Greece.
Since we have to wait an see what events will unfold. If any.
Meanwhile, we can think of another aspect affecting us all: the travel dollar and what it gets you.
This is something we can take measures to rectify.
How much of your take home pay do actually you get to keep after taxes is another item affecting us all.
Taxes affect each and every one of us and it all eventually Talley ho's over at the bank. The One Bank. The Vig. The Vigoritch. The Bank of International Settlements.
Because every government owes it money. Hey, its better than WWIII I'm told.
If, in this site visit, you take just one concept home with you to ponder over, let it be one of these 2 below.
"It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford
Such political labels such as left, right and center are designed to give the illusion of freedom.
And allowed us by the central bankers and collectivists to enable the real scam to continue by keeping us in debt system using fractional reserve banking.
Left, right or center, we all taxed. Some tax & steal it first.
When we already thought this was a supremely memorable vacation, we ended up in Santorini, which you had booked for us, in one of the most fabulous vacation spots we have ever been in.
I would like to thank you for the best trip we have ever had!
From the time we arrived in Greece we no longer had to think about anything, from our transfers, to our excellent hotels, our private tour of Athens and even dinning.
Great website with great people.
We are planning to come back next year and even add another Island with a longer stay.
Your website is booked in my favorites for life...
James and Mark Palm Springs, California
We had a wonderful time. Every place was special.
Our contacts in Mikonos and Santorini were very helpful, the accommodations wonderful, and Crete was a wonderful surprise.
I look forward to being able to spend more time there one day and add other islands as well.
In hindsight, the only changes I would have made involved timing of portions of the trip so we had more time in Crete and a less demanding return schedule.
We look forward to doing it again and seeing more of your wonderful country and enjoying the hospitality.
Thanks for all you did in making it a special time for us.
Writing in the Yorkshire Post, Sir Bernard Ingham, Thatcher’s longtime trusted press secretary, asked why Britain should cast £12 billion a year down an assorted array of “criminal drains.”
"Europhiles might usefully address themselves not to the question why we should stay in the EU, but why we should ever want to be a member of it at all when the institution is corrupt and so riddled with fraud that the auditors have felt unable to sign off its accounts for nigh on 20 years,” he said.
Alan Greenspan, the venerable former Federal Reserve chairman, speaking to the U.S. Congress in 1999, said,
"Gold still represents the ultimate form of payment in the world. Fiat money, in extremis, is accepted by nobody. Gold is always accepted."
In 2002, in a speech given before the Economic Club of New York, Mr. Greenspan also said,
“As recently as a decade ago central bankers, having witnessed more than a half-century of chronic inflation, appeared to confirm that a fiat currency was inherently subject to excess.”
He confirmed what Aristotle stated 2,500 years ago when he said,
“In effect, there is nothing inherently wrong with fiat money, provided we get perfect authority and god-like intelligence for kings.”
"Every Congressman, every Senator knows precisely what causes inflation...but won't
repeal the Federal Reserve Act because it could cost him his job." - Robert A. Heinlein
Sweden is the Saudi Arabia of feminism. - Jullian Assange
A government that robs Peter to pay Paul can always depend on the support of Paul.
- George Bernard Shaw
If you would know the value of money, go try to borrow some; for he that goes a-borrowing goes a-sorrowing.
- Benjamin Franklin
People who cast the votes decide nothing. The people who count the votes decide everything.
- Joseph Stalin
Among the OECD’s 36 member-states in terms of people’s disposable income, Greece ranks 27th , lower than Portugal, Italy and Spain.
Greece remains among the most expensive countries in Europe in dozens of products and services. - Kathimerini 11/23/15
"I believe that banking institutions are more dangerous to our liberties than standing armies.
Already they have raised up a monied aristocracy that has set the government at defiance.
The issuing power (of money) should be taken away from the banks and restored to the people to
whom it properly belongs." - Thomas Jefferson
Fascism is capitalism in decay. Capitalists are no more capable of self-sacrifice than a man is capable of lifting himself up by his own bootstraps.
I think Growth = debt. The more people owe the easier it is to control them.
Take away cash money and own them like chip implanted breeding stock. Its for their own good!
They want to take away cash too.
In some utopian future we will all have bar coded forehead tattoos and carry electronic tracking devices that also allow us to communicate and pay monthly fees to do so.
So enough with the unsustainable, and taxed to death, so-called growth.
Which is in reality more like institutionalized debt slavery.
Greece will never be out of debt. Neither will Puerto Rico, Chicago, Detroit, Spain, Italy, France and a whole slew of other places.
Now its definitely time for conservation and reflection.
Slim down government instead of expanding it.
A One World Government may or may not be a good idea but needs to be founded on human dignity and freedom.
And not with ill defined banking and accounting principles in an industry run by criminals too big to fail.
Our imposed debt obligations are unsustainable.
We are taxed using unfair methods and being bamboozled into major tax increases using unjustifiable criteria.
Brand new never before heard of taxes, worse than what the Turks used to impose which are unconstitutional and diabolically freedom threatening.
All to feed a bloated state by the continued exsanguination (blood sucking) of its citizenry.
Greek citizens are being squeezed for juice like characters in a Pirandello play. Or is it a Pasolini movie?
Pinocchio's evil twin is running the country where No means Yes.
Greece is one of the most expensive countries in Europe if you believe what you read.
Then arrive the new taxes on a fixed income. Bad Juju!
It didn't used to be this way in Greece before the euro currency.
Its that simple. What is so great about it for a tax paying citizen?
Nada! Tipota! Rien! Ist kaputt da Kartoffel! Basta!
Historians claim that when Scipio sacked Carthage in 146 BC, he salted the earth to guarantee nothing would ever grow on Carthaginian soil.
To further punish Hannibal’s mighty defense, Rome imposed impossible terms of war indemnity on those they had conquered.
Hannibal’s greatness as a general failed his efforts at political and financial reforms. He ultimately fled into exile. Carthage was reduced to yet another Roman province.
Today, Scipio is the EU, controlling the salt that seasons the global economy: cash.
In one of history’s most tormented political reversals, Greece — defiant to its last breath and incapable of repaying €400 Billion in loans — capitulated to selling the country’s greatest assets.
All in the futile hope of paying punitive austerity imposed by Teutonic conquerors.
Condemning Greece to a future as a relatively poor, service-driven economy and semi-colonial EU protectorate.
While Alexis Tsipras is no Hannibal and has yet to flee into political obscurity, that too is merely a matter of time.
Don’t believe it? The crown jewel of Greek assets, the very one that could have triggered the development and job creation necessary to attract vital foreign investment, was just sold in what amounts to the ultimate salting of Greece.
The June 7 Memorandum of Understanding announced by Lamda Development of the Hellinikon Park secures nothing transformative or progressive will grow on these most valuable 1482-acres of Greece soil. That MOU, in part, states:
“The basic design includes the upgrading of the beach, residential developments, superregional and local commerce, hotel facilities and recreational areas, utilization of the Olympic facilities and the creation of new sports facilities, a new golf course, venues that highlight cultural heritage, educational facilities and research centers.”
Note how “educational facilities and research centers” are last in a laundry list of prospective development promises. Lamda built The Mall Athens in Maroussi, long considered an illegal and hideous blemish of strategic development. Lamda Development Senior Management with their private equity, Titan Cement, and Ernst & Young pedigrees, are trained in the art of finance, not business.
There is a difference. Finance is about securing profitable bottom lines.
Today, successful businesses seek to create new markets.
There is nothing innovative or revolutionary about Lamda’s plans. Fifteen years after being shuttered, the massive former Athens airport will be transformed into a playground for the rich, sold at fire sale pricing, creating short-term construction jobs and low-paying service jobs in the long-term.
Not a new economy vision for the future of Greece. Or an optimistic landscape for the country’s massive and desperately unemployed.
Yet, it is being heralded as a huge step forward. The EU is congratulating itself.
economics of the future, the jobs of the future, are not service jobs. They are creative, technical, engineering jobs of the post-capitalist economy.
Driven by automation, bytes not bits, the physics of fusion and renewable energy solutions.
None of those sectors are included in Lamda’s plans.
All the 2010-2014 talk about transforming Helliniko into a high-tech incubator for the Southern Mediterranean has been reduced to luxury shopping, entertainment and residential venues, with green public spaces added to the proposal for good (and much-needed) measure. Affirming Greece will remain a holidaymaker’s paradise. And little more.- See more at: http://greece.greekreporter.com/2016/06/15/salting-greece/#sthash.sz8QIj5s.dpuf
Securing Greece’s place as one of the world’s great tourism destinations makes economic sense. It has long been Greece’s most resilient brand.
Tourism represents 20% of GDP and one in five jobs. But they are mostly seasonal service jobs.
If that is Greece’s destiny, let’s be honest about it. Let’s explain to the thousands of well-educated Millennials they’ll have to supplant their degrees in agribusiness, medicine, engineering or the social sciences into careers catering to the present tourism renaissance.
Which is due in part to mounting instability in Egypt and Turkey.
From Dubai to Berlin, friends tell me they’re visiting this year to “help out the poor Greeks.”
Sure, they’ll leave tourism monies, break a few plates and post breathless selfies at Nammos exclaiming, “This is the BEST Greek salad I’ve ever eaten! #MykonosIsTheRealGreece.” But by September, that shall end. It’s a finger in the proverbial dike.
Alexis Tsipras continues to enjoy vast popularity among the Greek electorate, political blunders and all.
His populist promises speak to Greek’s deeply ingrained leftist sensibilities.
Which no longer make any political or economic sense.
It is clear that the cronyism of Greece’s political and leadership class is more interested in easy concessions and profits than in engineering a modern economy through enlightened reform strategies.
If they were, the future would include fewer hotels and restaurants and more 21st century enterprises.
So Greeks must stop laying blame everywhere but with themselves. Lamda, after all, is a Greek company, run by Greeks.
Which only adds more salt to Greece’s wounds. - See more at: http://greece.greekreporter.com/2016/06/15/salting-greece/
According to data released by the General Secretariat of Public Revenues, the hole in revenues from January 1st to November 30th 2015 amounts 11.83 billion euro.
According to Kathimerini, “when this is added to debts from previous years the money the state is owed rises to 83.6 billion euros, of which the Finance Ministry says only 9 billion euros can be collected.”
Greeks, like many other nationalities, like to keep up appearances. But are secretly embarrassed and desperate to be accepted.
They are afraid to be considered backward. I guess they have an inferiority complex. Or have been brainwashed to have one by the media.
All know the current EU and Western systems of so-called democratic government are not really representative but controlled by the international banking cartel. Is that going to end well from a citizens perspective?
Deep inside citizens know that they themselves are ultimately responsible for putting up with the current banking system and so we stay in a sheep and rancher relationship.
By controlling money they control everything.
Have a nice day!
ROTHSCHILD OWNED & CONTROLLED BANKS: It Beats WW III ! But if Profit is your only Ethic, its out of Control. As in derivatives CDO, Swaps and more debt inequity.
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