The beginning of the tragedy Only in the first three weeks after the collapse of Lehman Brothers, on September 15th 2008, almost 2.5 millions Americans lost their houses, being unable to repay off their mortgages. From October, 2007 to the first quarter of 2009, the international stock market losses had overcome those of 1929. More than 42 trillion dollars were lost, amount that, at that time, corresponded ...

Our Future in Hasty Writing John Bogiopoulos reads the new memorandum and notes the incredible improvisations of the document will seal our future Yannis Bogiopoulos Source in Greek The Greek Parliament has been repeatedly filed bills for voting that were half-processed or “photographic acts”, some of them badly translated and quoting suspicious numbers. But what happened with this new MoU is unprecedented. ...

The society belongs to the people and not to the banks.   GREEK PEOPLE DO NOT WANT ANY OTHER RESCUE PLAN Yesterday, the Greek Parliament approved the new austerity packaged that forces the people in to the misery in order to save the European banks. Under the pressure of the EU, the European Central Bank (ECB) and the IMF, and at the joy of the bankers all over Europe the Parliament decided to reduce t ...

Helena Smith, who has reported from Athens for more than 20 years, says the country is on the edge of a precipice Helena Smith in Athens     Despair has enveloped Greece. This weekend the bankrupt nation, for that is what it is, began negotiating the latest act of a drama that many fear will end in catastrophe – financially, socially and politically. In an electric atmosphere, with thousands demon ...

Ian Traynor and Helena Smith in Athens The Guardian   MPs in Athens approve severe budget cuts imposed by the EU after rallies against the bill erupt in street violence. Greece enacted billions of euros in spending cuts and fresh austerity measures last night in a volatile parliamentary vote aimed at avoiding default on its national debt and keeping the eurozone intact, despite some of the worst riotin ...

“In order to liberate ourselves from debt we must destroy the economy” greek original February 9 Statement by the Occupied Athens Law School In order to liberate ourselves from debt we must destroy the economy The political and financial spectacle has now lost its confidence. Its acts are entirely convulsive. The government of “emergency” that has taken over the maintenance of social cohesion is failing in ...

The past 2,5 years the Greek population is witnessing the harshest austerity measures since the introduction of the Euro. Greece became the ‘black sheep’-EU-member state and had to be punished hard. In 2010, the first austerity package was imposed by the Greek government under the supervision of the Troika (the IMF, the EU and the ECB). As a result, in November 2011, unemployment reached 18% and 40% among t ...

Translated from www.grenzeloos.org One more episode of the Greek drama is about to be played in the coming 2 months. After repeated bail-outs, hair-cuts and ‘successful’ (according to the European media…) interventions of the EU, the European Central Bank (ECB) and the IMF, Greece is about to default. According to many economists, the default will take place on the 20th of March, the day that Greece has to ...

* by Yiannis Kaplanis greekleftreview.wordpress.com/ On 1st February homeless people together with solidarity activists occupied an empty unused building belonging to the Athens Local Authority in order to use it as a shelter for homeless people. This was one of the coldest days in Athens with freezing temperatures. The Mayor of Athens, Giorgos Kaminis, called the police that arrested eleven homeless and fo ...

Posted at http://takethesquare.net This release comes from the hands of 50 assaulted, threatened and enraged people. After the call of February 1st, we decided to transmit the brutal, fierce and disproportionate repression that we lived in this I don’t pay action. We can only show 6 out of the 9 arrests that took place (we were not around in the others); we cannot show either the countless aggressions (the ...