What's happening in Greece right now

[Magda Hassan]

What Tsipras sold out for was at least 5 times that and then some.

The Syriza project is an American crowbar designed to prise restraining German fingers off the EU printing-presses. Nothing more:

Greek parliament to vote on new cuts-for-cash plan to break deadlock

Prime minister Alexis Tsipras has submitted proposals to European creditors for €13bn worth of cuts that include rises in taxes and pension age

http://www.theguardian.com/world/2015/ju...k-deadlock

Greek prime minister Alexis Tsipras will on Friday seek the backing of MPs for a harsh new round of austerity measures totalling €13bn in an attempt to break the deadlock over its bailout.

A 13-page document sent to Greece's creditors on Thursday night outlines plans to cut fiercely protected privileges such as pensions, tax breaks for the country's islands and military spending. In exchange, Greece wants a three-year €53.5bn loan deal to save the nation from bankruptcy and kickstart its wrecked economy.

Oh, and look here, no, actually don't look here. Nothing to see here. Move along now.

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Fund they want to transfer the Greek property is managed by the ... Schaeuble



"In addition, valuable assets in Greece (almost 50 bn. Euros) will be transferred to an existing external and independent fund, as the Institution for Growth in Luxembourg, to be privatized in the long term and reduce the debt"

Newsroom
Sunday, July 12, 2015

Aris Oikonomou / SOOC


The idea of foreign fund in Luxembourg, up to 50 billion euros in Greek public property is a decision of the leaders at the summit. If no agreement could be offered in Greece negotiated a time-out from the euro zone, with a possible debt restructuring Valuable Greek assets of [EUR 50 bn] shall be transferred to an existing external and independent fund like the Institution for Growth in Luxembourg , to BE privatized and Decrease debt. "In addition, valuable assets in Greece (almost 50 bn. euros) will be transferred to an existing external and independent fund, as the Institution for Growth in Luxembourg, to be privatized in the long term and reduce debt ". The Institution for Growth has in the council of the same German Finance Minister, the Second. Schaeuble, as can be seen here . Provided that alternately chaired by the finance minister and the finance minister of Germany. The discussion about it had already done in 2014 ( here ), but then transferred money. What is this bank? Created to manage the resources of the Marshall Plan for the reconstruction of the German economy and is involved anymore in more than 1600 projects abroad in developing economies. It is a German state bank to reserve half a trillion , ie approximately twice as much as the World Bank. In 2011 he lent 70 billion, taking on international markets at low interest rates, thanks to evaluate Adam has. O Leon Macioszek explains that if the state invested 1.5 billion there, it takes 3 to 4 billion. In Greece already involved in the financing of lignite plant in Ptolemaida, for which they have expressed environmental concerns . The most important information but it gave 300 million euros to Lehman Brothers on the same day that went bankrupt. The Bild, which we all know and love, wrote then that "the most stupid German bank." Not all were convinced that it was a mistake. We are confident that our money is in good hands and honestly.