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The Operatic Potential Of DSK, A Modern Don Giovanni - NPR (blog)

The Operatic Potential Of DSK, A Modern Don Giovanni - NPR (blog) | The France News Net - Latest stories | Scoop.it
NPR (blog) The Operatic Potential Of DSK, A Modern Don Giovanni NPR (blog) But this story, with all its unchecked lust, dirty politics and deception, is a no-brainer — prêt-à-porter opera with myriad possibilities for onstage politics, deception...
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Time To Play Hardball Yanis (Threaten Troika with Total Default)

Time To Play Hardball Yanis (Threaten Troika with Total Default) | The France News Net - Latest stories | Scoop.it
now it’s time for Syriza to return the hardball tactics that the Troika has thrown at them. Go back to the meeting with a plan for debt restructuring—and a significant one. Include not only the restructuring that the IMF admitted last week is needed, but also a write-off of the 20% of the debt that effectively represents the failure of the Troika’s program. Submit a budget with a 3% deficit as allowed by the Maatricht Treaty (the Treaty also insists on a maximum government debt ratio of 60% of GDP, but even Germany breaches that with a ratio of about 75% of GDP). A 3% primary budget deficit would provide a huge stimulus to the Greek economy, and end the Great Depression the Troika’s failed austerity program has caused.


If the Troika still refuses to negotiate, to compromise on its own failed program, then Syriza should threaten total default—a move that would send shock waves through Europe while simultaneously taking a major burden off the Greek economy. That would then present the Troika with a choice: what are you more committed to? Austerity, or the Euro
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Greece Calmly Voted Oxi To Give Brussels its Own Fukushima Nightmare

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French renewables power grid pilot shows limits of batteries in Europe

French renewables power grid pilot shows limits of batteries in Europe | The France News Net - Latest stories | Scoop.it
A major pilot project by Europe's largest power network operator to integrate power from rooftop solar panels into the grid has shown that battery storage of renewable energy is not yet economically viable in Europe.

The conclusion is a sobering one for proponents of sun and wind energy because as more of it comes on tap, better storage will be needed to keep the power produced when it is sunny and windy so it can be used at other times.

The 30 million euro "Nice Grid" pilot is one of the biggest in a European Union-backed "Grid4EU" scheme in which France's EDF, Italy's Enel, Spain's Iberdrola Czech Republic's CEZ, Sweden's Vattenfall and Germany's RWE are testing the power grids of tomorrow.

In the Mediterranean village of Carros on the outskirts of Nice, EDF's power grid unit ERDF has connected compact batteries to solar panels on rooftops and utility-size batteries to its local power distribution network.

The technology works perfectly but the pilot has shown it is still too expensive for wider rollout.
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Back In 2010 EU Knew: Banks that inflated Greek debt should be investigated, EU urges

Back In 2010 EU Knew: Banks that inflated Greek debt should be investigated, EU urges | The France News Net - Latest stories | Scoop.it

The European parliament has urged EU authorities to investigate the role of Goldman Sachs and other investment banks in contracts that helped inflate Greece's public debt.
Over the past few years, Goldman Sachs and other banks lent money to Greece through currency contracts that allowed the government to raise millions but that didn't count as debt. The transactions led to hefty fees for the investment banks.
"It appears that Goldman Sachs have colluded with past Greek governments to reduce the appearance of Greece's debt for short-term gain, while in reality making it worse than ever," said Arlene McCarthy, vice-president of the European parliament's economic and monetary affairs committee. "These deals have increased costs for Greek taxpayers and left a mess behind for Greece's citizens and the eurozone."

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The Greek Bluff In All Its Glory: Presenting The Grexit "Falling Dominoes" | Zero Hedge

The Greek Bluff In All Its Glory: Presenting The Grexit "Falling Dominoes" | Zero Hedge | The France News Net - Latest stories | Scoop.it
Grexit would usher in a pandemonium of unheard proportions because when the ESM, EFSF and countless other bailout mechanism were postulated, none even for a minute evaluated the scenario that is being flouted with ease, and, paradoxically, by the ECB itself most of all: an ECB which stands to lose the most...

A hard default would produce other losses to be covered. The ECB would have to be recapitalized after it writes off the €89 billion it has loaned the Greek banks to keep them liquid. The ECB would need to call for a capital contribution from its shareholders—the governments.
... not to mention any last shred of confidence it may have had.
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Calais migrants exploit ferry strike chaos to board UK-bound vehicles

Calais migrants exploit ferry strike chaos to board UK-bound vehicles | The France News Net - Latest stories | Scoop.it
Thousands of asylum seekers illegally camped in the northern French port of Calais made the most of the chaos surrounding a ferry workers' strike on Tuesday and attempted to climb aboard vehicles stuck in traffic waiting to cross the channel into Britain.

Around 2,500 migrants, mostly from Sudan, Eritrea and Syria, live in a makeshift tent village in Calais known as "the jungle" and they regularly make attempts to cross the Channel.

Last year there were 30,000 recorded attempts, mainly by refugees attempting to conceal themselves in trucks.

They took advantage of slow-moving traffic caught in a protest organised by sailors from the French ferry company MyFerryLink, angry over plans by Eurotunnel to sell two of their ferries to rival Danish firm DFDS.
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Call for Tough Action on Med Migrants – Newsweek Unmasks Criminals behind the Crisis

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They Want To Use "Hate Speech Laws" To Destroy Freedom Of Speech In America | Zero Hedge

They Want To Use "Hate Speech Laws" To Destroy Freedom Of Speech In America | Zero Hedge | The France News Net - Latest stories | Scoop.it
Hate speech laws are going in all around the world, and progressive activists in the United States want to use these kinds of laws to destroy free speech in America.  You see, the truth is that these hate speech laws that are being implemented all over the planet are not just about preventing speech that promotes violence or genocide against a particular group of people.  Instead, these laws are written in such a way that anyone that says something that “offends” or “insults” someone else is guilty of “hate speech”.  Even if you never intended to offend anyone and you had no idea that your words were insulting, in some countries you can be detained without bail and sentenced to years in prison for such speech.  Today, there are highly restrictive hate speech laws in Canada, in Mexico and in virtually every single European nation.  The United States is still an exception, but the truth is that our liberties and freedoms are being eroded every single day, and it is only a matter of time until “hate speech laws” are used to take away our freedom of speech too.

If you don’t think that this could ever happen in America, you should consider what the American Bar Association has to say on the matter.  This is the national organization that represents all of our lawyers, judges, etc.  So when the ABA speaks on legal matters, it carries a significant amount of weight.  The following is how the American Bar Association defines “hate speech”…

Hate speech is speech that offends, threatens, or insults groups, based on race, color, religion, national origin, sexual orientation, disability, or other traits.
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A Primer for Foreign Francophiles Struggling to Understand Charlie Hebdo and Free Speech

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A Way Out for Greece

A Way Out for Greece | The France News Net - Latest stories | Scoop.it
Greece’s debt burden is unsustainable. This week, Greece defaulted on its payments to the IMF, rightly choosing pensions over debt service. The country’s creditors should now negotiate a consensual debt reduction through some combination of lower (and fixed) interest rates, reduced face value of debt, and very long maturities.
There are plenty of precedents for such a course. Sovereign debts have been restructured hundreds, perhaps thousands, of times – including for Germany. In fact, hardline demands by the country’s US government creditors after World War I contributed to deep financial instability in Germany and other parts of Europe, and indirectly to the rise of Adolf Hitler in 1933. After World War II, however, Germany was the recipient of vastly wiser concessions by the US government, culminating in consensual debt relief in 1953, an action that greatly benefitted Germany and the world. Yet Germany has failed to learn the lessons of its own history.
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Greece’s Debt Burden: The Truth Finally Emerges - The New Yorker

Greece’s Debt Burden: The Truth Finally Emerges - The New Yorker | The France News Net - Latest stories | Scoop.it

Just when you thought that the Greece saga had run out of plot twists, another one emerged on Thursday—and it was an important one. A few days before a referendum that will probably decide the fate of Greece’s Syriza government, one of the country’s creditors, the International Monetary Fund, came out and acknowledged that the stricken country is unlikely to recover until a good portion of its huge debt load is wiped out.

Echoing the argument that Yanis Varoufakis, Greece’s controversial finance minister, has been making for months, the I.M.F. published an internal analysis that described Greece’s debt dynamics as “unsustainable.” At a minimum, the analysis said, the maturity dates of Greece’s loans, which total more than three hundred billion euros, “will need to be extended significantly.” And if Greece doesn’t push through all of the structural and fiscal reforms that the Fund believes are necessary, “haircuts on debt will become necessary.” (A “haircut” is the financial term for reducing the face value of outstanding debt. If you owned a $1,000 bond and it was subjected to a haircut of ten per cent, it would entitle you to collect just $900 when it became due.)


I should stress that these conclusions weren’t based on the assumption that Syriza, or any future Greek government, would fail to carry through the policy reforms that its creditors are calling for, which include a relaxation of labor laws and a cut in pensions. To the contrary, the I.M.F’s analysis assumes that Greece accepts and meets the terms of the latest offer from its creditors, which the Prime Minister, Alexis Tsipras, rejected last weekend. This deal would involve the Greek government running a primary budget surplus of one per cent of G.D.P. this year, two per cent in 2016, three per cent in 2017, and 3.5 per cent thereafter. Even if this were to happen, and the Greek economy were to expand at a rate

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Bankrupt Greece is a Threat to Germany’s EU Hegemony, Hence the Venom

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French news satire ‘Les Guignols’ may be spared the axe, for now

French news satire ‘Les Guignols’ may be spared the axe, for now | The France News Net - Latest stories | Scoop.it

The French version of Spitting Images may be pulled by Canal+. A popular news satire programme that has been poking fun at French politicians and celebrities for almost three decades may be put on the backburner after this season. Distraught fans suspect dark forces wanted to pull the plug for good.

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France Emerges as Eurozone’s Voice for Greece

France Emerges as Eurozone’s Voice for Greece | The France News Net - Latest stories | Scoop.it
As Greece careens toward a potential rupture with the eurozone, France is emerging as the only friendly voice in a currency bloc where others are taking an increasingly hard line.

Paris has struck a dovish tone over months of tortuous talks with Greece, but left the heavy-lifting of negotiations to the institutions representing Athens’s creditors. In recent days, however, France has taken a more active role, according to people familiar with the matter, seeing its vision of the eurozone at risk of a heavy blow if Greece exits the currency bloc.

The French political elite is deeply devoted to the idea of the eurozone as a broader political and economic project, said Shahin Vallée, an economist at the Bruegel think tank who was recently an aide to French economy minister Emmanuel Macron. That idea has never held the same appeal across the Rhine in Germany, where officials have long been suspicious of the costs of eurozone integration; some have argued that cutting Greece loose would strengthen the currency bloc.

“France is very opposed to Greece leaving the euro,” Mr. Vallée said. “In a sense, that’s the final nail in the coffin of the idea France had of the monetary union.”

After Greek Prime Minister Alexis Tsipras stunned the rest of the eurozone by announcing a referendum last week, French President François Hollande reached out to Mr. Tsipras in an effort to continue negotiations that might allow Greece to receive financial aid from the rest of the bloc.
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Bankrupt Greece is a Threat to Germany’s EU Hegemony, Hence the Venom

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Tags: EU, Germany, Greece, Hegemon


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The Troika Turns Europe Into A Warzone | Zero Hedge

The Troika Turns Europe Into A Warzone | Zero Hedge | The France News Net - Latest stories | Scoop.it
Tsipras and Varoufakis are the vanguard of a last bastion of freedom fighters who refuse to surrender their country to an occupation force called the Troika. Which seeks to conquer Greece outright through financial oppression and media propaganda.

Tsipras and Varoufakis should have everyone’s loud and clear support for what they do. And not just in Greece. But where is the support in Europe? Or the US, for that matter?

There’s no there there. Europeans are completely clueless about what’s happening here in Athens. They can’t see to save their lives that their silence protects and legitimizes a flat out war against a country that is, just like their respective countries, a member of a union that now seeks to obliterate it.

Europeans need to understand that the EU has no qualms about declaring war on one of its own member states. And that it could be theirs next time around. Where people die of hunger or preventable diseases. Or commit suicide. Or flee.

All Europeans on their TV screens can see the line-ups at ATMs, and the fainting grandmas at the banks, the hunger, the despair. How on earth can they see this as somehow normal, and somehow not connected to their own lives?

They’re part of the same political and monetary union. What happens to Greece happens to all of you. That’s the inevitable result of being in a union together
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Schauble, a modern Procustes. Irish Times excoriates Germany over Greece

Schauble, a modern Procustes. Irish Times excoriates Germany over Greece | The France News Net - Latest stories | Scoop.it

Greece has been mismanaged, grievously, over the decades, with the result that it is a country in dire need of (still more) structural change. The Troika on the other hand have blundered, bumbled, blagged, bellyragged and buffooned blustered, hagridden by Dr Schauble’s Hoover complex and now unable to countenance change. Greece can neither move forward nor reverse course. It is now faced, partially from its own making and mostly by being goaded, with a Scirionian choice; either abject surrender to a failed policy or a leap off a cliffinto an unknown, or more like both, , .

Their Scirionian tactics, demanding surrender and then planning to kick the surrendered into the depths, ill becomes a modern democratic state. For sure, a government dominated by a man who boasts of a tactic to terrify his enemies by kicking Greece out of the Eurozone doesn’t sound democratic, a man who has sat on a plan for years to do exactly that, and now is hell bent on carrying it through, that is terrifing. Perhaps the roots of German politics are showing?

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Bankrupt Greece is a Threat to Germany’s EU Hegemony, Hence the Venom

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To hell with it – or why I will vote no in the #Greferendum

To hell with it – or why I will vote no in the #Greferendum | The France News Net - Latest stories | Scoop.it

These last few days must be the worst I have had the misfortune to live through since I came into this world forty-one years ago, and that’s not because Greece is heading towards total economic collapse ... 

So where does this leave us? What should we vote? Are there good reasons to vote ‘yes’? Are there good reasons to vote ‘no’? Are there even good reasons to vote at all? Here’s the thing: there are no good or bad reasons when you can only choose between bad options. What there is are real reasons, and here’s mine.

There’s a Greek expression I’ve used a lot these past few months: “είναι κακοί, στραβοί, ανάποδοι, αλλά…” which means “they’re evil, crooked, irksome, but…” This is what I have to say about the current Greek government. They may be evil, crooked and irksome, they may have failed spectacularly on the financial/economic as well as the political front, they may be the worst government we ever had, for all it matters – but they’re our government, and in the end they will be accountable to us.

For the past several years, far too many decisions that have affected our lives in dramatic ways were taken by people who are sitting in Brussels, in Frankfurt, in Berlin and in Washington – far too many, because this robs us of our sense of agency as people and as citizens. These people will never be accountable to us because they are so far out of our reach. Well, let someone else deal with them. We can deal with those who are here.

So I want out. I want out of the Eurozone and I want out of the European Union. I’ll be voting ‘no’ because anything that can possibly, maybe, hopefully take us one step closer to Euro-exit is good enough for me under the current circumstances. I’ve had enough of these unnamed high-ranking European officials who tell the Financial Times how they’re taking decisions for me and how they want ‘regime change’ in Greece. At least, if all I have to deal with is my own government, I can take decisions for them too.

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Bankrupt Greece is a Threat to Germany’s EU Hegemony, Hence the Venom

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French economist Thomas Piketty: “Germany has never repaid its debts”

French economist Thomas Piketty: “Germany has never repaid its debts” | The France News Net - Latest stories | Scoop.it

In a forceful interview with German newspaper Die Zeit, the star economist Thomas Piketty calls for a major conference on debt …

DIE ZEIT: Should we Germans be happy that even the French government is aligned with the German dogma of austerity?

Thomas Piketty: Absolutely not. This is neither a reason for France, nor Germany, and especially not for Europe, to be happy. I am much more afraid that the conservatives, especially in Germany, are about to destroy Europe and the European idea, all because of their shocking ignorance of history.

ZEIT: But we Germans have already reckoned with our own history.

Piketty: But not when it comes to repaying debts! Germany’s past, in this respect, should be of great significance to today’s Germans. Look at the history of national debt: Great Britain, Germany, and France were all once in the situation of today’s Greece, and in fact had been far more indebted. The first lesson that we can take from the history of government debt is that we are not facing a brand new problem. There have been many ways to repay debts, and not just one, which is what Berlin and Paris would have the Greeks believe.

“Germany is the country that has never repaid its debts. It has no standing to lecture other nations.”
ZEIT: But shouldn’t they repay their debts?

Piketty: My book recounts the history of income and wealth, including that of nations. What struck me while I was writing is that Germany is really the single best example of a country that, throughout its history, has never repaid its external debt. Neither after the First nor the Second World War. However, it has frequently made other nations pay up, such as after the Franco-Prussian War of 1870, when it demanded massive reparations from France and indeed received them. The French state suffered for decades under this debt. The history of public debt is full of irony. It rarely follows our ideas of order and justice.

ZEIT: But surely we can’t draw the conclusion that we can do no better today?

Piketty: When I hear the Germans say that they maintain a very moral stance about debt and strongly believe that debts must be repaid, then I think: what a huge joke! Germany is the country that has never repaid its debts. It has no standing to lecture other nations.

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Bankrupt Greece is a Threat to Germany’s EU Hegemony, Hence the Venom

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Greek PM Calls Emergency Meeting For Bank Liquidity: MNI | Zero Hedge

Greek PM Calls Emergency Meeting For Bank Liquidity: MNI | Zero Hedge | The France News Net - Latest stories | Scoop.it
Congratulations Greece: for the first time you had the chance to tell the Troika, the unelected eurocrats, and the entire status quo establishment, not to mention all the banks, how you really felt and based on the most recent results, some 61% of you told it to go fuck itself.

... Because as much as the ECB wants to deny it, the Euroarea is on the hook for more than 3% of its gross GDP, and perhaps far more once all the off balance sheet liabilities emerge...

 

In other words, an uncontrolled Grexit at this point would surely lead to a Eurozone depression, one that not even an increase in the ECB's massive bond (and perhaps stocks) buying would stem. Which, of course, was Varoufakis' gamble all along.



Now comes the hard part.
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The Greeks have spoken overwhelmingly; Brussels-am-Berlin better listen carefully unless EU wants to lose the voters of Spain, Italy and France also. Its the crossroads for a united democratic Europe.

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Nine Myths About The Greek Crisis:   James K. Galbraith - ICH

Nine Myths About The Greek Crisis:   James K. Galbraith  - ICH | The France News Net - Latest stories | Scoop.it

An insider’s take on the conventional wisdom to ignore.

The citizens of Greece face a referendum Sunday that could decide the survival of their elected government and the fate of the country in the Eurozone and Europe. Narrowly, they’re voting on whether to accept or reject the terms dictated by their creditors last week. But what's really at stake? The answers aren’t what you’d think. By James K. Galbraith

 

9. A “No” vote will destroy Europe. In fact, only the “No” can save Greece – and by saving Greece, save Europe. A “No” means that the Greek people will not bend, that their government will not fall, and that the creditors need, finally, to come to terms with the failures of European policy so far. Negotiations can then resume – or more correctly, proper negotiations can then start. This is vital, if Europe is to be saved. If there ever was a moment when the United States should speak for decency and democratic values – as well as our national interest – it is right now.

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Here’s Why the Greek Crisis is Turning into a Strategic Issue for Europe

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French Unemployment Hits Record High: 80th Consecutive Month Of Rising Joblessness | Zero Hedge

French Unemployment Hits Record High: 80th Consecutive Month Of Rising Joblessness | Zero Hedge | The France News Net - Latest stories | Scoop.it
the French economy continues to deteriorate and according to the latest French labor ministry data, in May the number of French jobseekers rose by another 0.5%, or 16,200, to 3.552 million, 10k more than expected, and a new all time high.

The number was 5%, or 168,500 greater, compared to a year ago as the so-called European recovery has yet to have a positive impact on what is supposed to be Europe's second strongest economy.

Most troubling: this is the 80th consecutive month of increasing Y/Y unemployment
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Europe - As EU sleepwalks towards Grexit, tragedy turns to farce

Europe - As EU sleepwalks towards Grexit, tragedy turns to farce | The France News Net - Latest stories | Scoop.it
A frantic flurry of 11th-hour attempts to stave off Greece's bankruptcy and exit from the eurozone underscores Europe's colossal failure in dealing with the country's debt crisis. How did it come to this?
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Bankrupt Greece is a Threat to Germany’s EU Hegemony, Hence the Venom

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‘OXI An Act of Resistance’ - Watch as Greece Struggles to Beat its Powermad Opponents

‘OXI An Act of Resistance’ - Watch as Greece Struggles to Beat its Powermad Opponents | The France News Net - Latest stories | Scoop.it
As Greece struggles to survive against an unyielding Goliath and a passel of EUfiends the film below seeks to put the battle into a classical context. Watch it free this weekend only here By lookin...
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Europe Wants to Punish Greece With Exit - EU's "Outrageous Passel of Distortion"

Europe Wants to Punish Greece With Exit - EU's "Outrageous Passel of Distortion" | The France News Net - Latest stories | Scoop.it

In my more than 30 years writing about politics and economics, I have never before witnessed such an episode of sustained, self-righteous, ruinous and dissembling incompetence -- and I'm not talking about Alexis Tsipras and Syriza. As the damage mounts, the effort to rewrite the history of the European Union's abject failure over Greece is already underway. Pending a fuller postmortem, a little clarity on the immediate issues is in order...If the Greeks vote no, a Greek exit is a possible and even likely consequence. But if it happens, the reason won't be that Greece chose to go. The reason will be that the European Union and its politicized central bank chose to inflict exit as punishment. 

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Bankrupt Greece is a Threat to Germany’s EU Hegemony, Hence the Venom

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Wheels Coming Off EU Thanks to IMF Greek Haircut Study Euro 'Allies' Tried To Block | Zero Hedge

Wheels Coming Off EU Thanks to IMF Greek Haircut Study Euro 'Allies' Tried To Block | Zero Hedge | The France News Net - Latest stories | Scoop.it
Quite simply this should be horrifying to not just The Greeks (who just discovered their supposed 'allies' tried to hide the truth from them and in fact negotiated in bad faith) but to all Europeans who by now must realize the union is not for them, it is for the few ruling elite and their corporate and banking overlords.

Isn't it time to Just Say No, if not to anything else than to being controlled by an unelected cabal of oligarchs whose only interest is making sure the wealthy get wealthier?

Of course, taking a step back from the table, it is clear that a forced decision by Washington against the interests of its European allies - that is likely to engender more chaos and strengthen Greece's ability to destabilize Europe - must have been done for 'another reason'. Perhaps after all is said and done, the powers that be need chaos, need instability, need panic in order to ensure the public gratefully accept the all-in QE-fest that they want.
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France to Legally Recognize Surrogate Children as French Citizens | VICE News

France to Legally Recognize Surrogate Children as French Citizens | VICE News | The France News Net - Latest stories | Scoop.it

France's highest court has granted legal recognition to surrogate children in a landmark ruling that will allow them to share their parents' nationality and enjoy the same rights as other French children. Up until now, children born abroad to a surrogate mother were not granted civil status by the state.

Surrogacy itself, however, remains prohibited in France.

"Surrogacy does not in of itself justify the refusal to record in the civil status register the foreign birth certificate of a child with a French parent"

The court had been hearing two separate cases involving two French men who biologically fathered children to surrogate mothers in Russia. One of the men has not been identified by French media, while the other has been named as Dominique Boren, 51, a married gay man who has been with his partner for 25 years, according toLe Figaro.

Surrogacy may involve a woman carrying an embryo created using the egg and sperm of a separate couple through in vitro fertilization. In other instances, the surrogate mother may be the biological mother of the child.

After his son's birth, Boren sought to obtain a French birth certificate for his child, but the government refused. Under usual circumstances, a child born abroad to a French parent would automatically be granted French citizenship.

The ruling marks a major turnaround for France, following several high-profile legal battles over the last 10 years in which parents failed to convince the state to recognize their surrogate children. Before the decision, surrogate children had were not granted any legal connection to their French parent/s, or given civil status in France because of their foreign birth certificates.

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Manif pour Tous claim 500,000 hit Paris streets against “Supermarket Babies” for Gay Couples

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GPS system gives blind hikers ‘extreme sense of freedom’ in France | Toronto Star

GPS system gives blind hikers ‘extreme sense of freedom’ in France | Toronto Star | The France News Net - Latest stories | Scoop.it
Freedom and autonomy: That’s what the makers of a smart phone app in France hope to bring to the visually-impaired and blind, who are now using GPS navigation and audio cues to hike without assistance.
Five hikers, all blind or visually-impaired, recently used the Navi’Rando app (short for Navigation Randonnée, or Navigation Excursion) to trek an 80-kilometre trail through France’s eastern Alsace region.
Using their smart phones and canes to guide the way, the hikers got audio notifications to keep them going in the right direction, and avoid obstacles like fallen trees, narrow paths or steep hills.
They went from the town of Wissembourg to Saverne in six days, covering between 15-22 kilometres each day. The route was set in advance using GPS mapping, and researchers also surveyed the trail to make sure all the participants would be able to complete the journey.
“We had to be sure that the route was secure and also adapted to the people,” explained Laurence Rasseneur, a professor-researcher at Strasbourg University who heads the Navi’Rando project.
The audio directions include the distance to walk, the direction using a clock system — 12 o’clock to signal walking in a straight line, for example, and 3 o’clock to signal turning right — and when to veer to stay on the path
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Good On You, Greece - But Don’t Waver Now (Repudiate all the Debt, Press Reset) | Zero Hedge

Good On You, Greece - But Don’t Waver Now (Repudiate all the Debt, Press Reset)   | Zero Hedge | The France News Net - Latest stories | Scoop.it
Given what needs to be done with respect to Greece’s massive fiscal debt and its insolvent banking system, why would Syriza want to make post-referendum concessions to the troika for the privilege of staying in the euro?

The short answer is that is wouldn’t and shouldn’t. After the necessary fiscal default and nationalization of the Greek banking system the euro is a club no one would want to join.

Stated differently, underlying the present fraught confrontation between Greek democracy and the troika’s financial oppression is an epochal catch-22. The sweeping debt relief on which survival of the Greek economy depends would unhinge European politics, discredit the so-called European project and shatter the flawed and unsustainable money printing regime underlying the euro.

Indeed, if the Greeks do not waver after a successful rejection of the status quo on Sunday they will not need to feel lonesome about returning to the Drachma. The Italian lira, Spanish peseta, Portuguese escudo, the French franc and  countless more will be back in short order.

Think of that. The IMF out of business. Merkel and Brussels gone. The Bundesbank and D-mark restored. The Keynesian money printers discredited. The front-runners and speculators in the casino carried out on their shields.

Now that’s a referendum that the world desperately needs.
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Martin Armstrong: Troika Is Maneuvering To Rig The Greek Referendum | Zero Hedge

Martin Armstrong: Troika Is Maneuvering To Rig The Greek Referendum | Zero Hedge | The France News Net - Latest stories | Scoop.it

"Hollande of France wants a resolution for he fears a Frexit is gaining momentum." 

 

In a TV interview, Mr. Varoufakis said very clearly, “This is a very dark moment for Europe. They have closed our banks for the sole purpose of blackmailing what? Getting a ‘Yes’ vote on a non-sustainable solution that would be bad for Europe.”

I must admit, most politicians do not come even close to the truth, but Varoufakis seems to be the ONLY finance minister who understands the demands of the Troika are not plausible for any nation. Merkel has tried to skirt any responsibility by saying this is a Troika decision. One must seriously ask, are those in the Troika just totally brain-dead? Their blackmail and economic war against Greece will be evidence to ensure that Britain leaves the EU. The ONLY thing that saved Britain was Maggie Thatcher’s effort to keep Britain out of the euro for she knew far too well where it would lead. The view in Poland is also now anti-euro. Any Brit who now does not vote to get out of the EU and the grips of the Troika is ignorant of world events and the political power play going on.

The EU leaders will not travel to Athens until after the referendum. Suddenly they realize that their powers are so off the wall that they dare not expose their own schemes. Hollande of France wants a resolution for he fears a Frexit is gaining momentum. Obama wants a resolution, fearing Greece will be forced into the arms of Russia, breaking down NATO.

French-News-Online.com's insight:

As Greece Teeters “Madame Frexit” Promises France will Follow
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The French Want Out Of The Euro Read more http://www.french-news-online.com/wordpress/?p=33702#axzz3eR8U3vIZ

 
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