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Alexis Tsipras puts on a necktie, places noose around Greece’s neck (Video)

The Duran – News in Review – Episode 36.

Alex Christoforou

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While many Syria party members hailed Tsipras’ victory, the reality is that Greece will be stuck in its bailout for years to come.

The terms of Greece’s exit make it extremely difficult for the next government to bring life to an ailing economy. Greece may have exited the Troika austerity plan, only to enter a new austerity outside of ECB and EU protection.

After long insisting he would only wear a necktie when Greece’s debt problem was solved, Prime Minister Alexis Tsipras finally put on a tie last Friday, after he formally announced Greece’s exit form years of eurozone austerity.

Tsipras said…

“Today is an important day for all, but primarily it belongs to those who for eight years was viciously hit by the crisis, for those who saw a lifetime of toils destroyed and those who carried the burden for the country.”

Eurozone finance ministers offered Greece a 10-year deferral and maturities extension on a large chunk of past loans as well as 15 billion euros in new credit to ensure Athens can stand on its own feet after it exits its bailout in August.

Greece’s has a debt mountain equal to approximately 180% of GDP, the highest in the 19-country eurozone.

Greeks have seen their economy shrink by a quarter, unemployment hit record high and salaries and pensions slashed by about 40% since first falling into crisis in 2010.

Greece has already undergone three international bailouts.

A smiling Tsipras addressed members from his radical left Syriza, and right coalition partner Independent Greeks…

“Bets are made to be won. It’s a bit difficult (wearing the tie) but I will get used to it.”

Tsipras publicly removed the tie about half an hour later.

Fofi Gennimata, head of Socialist PASOK party, was not impressed with Tsipras’ theatrics: “The noose around the neck of Greeks remains.” 

The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss whether Greece’s exit from austerity is really an exit at all, or just another political ploy with no real economic relief in sight for the Greek people.

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Via Bloomberg

In a way, the debt relief deal Greece has received as it exits its bailout makes good sense: It keeps the country on a tight leash, all but eliminating the possibility that it will go on a borrowing spree in the financial markets and misspend the money as it’s done before. On the other hand, the scheme gets superimposed uncomfortably onto the country’s political cycle: It puts the next government on the spot, making a backlash against it all but inevitable.

The deal hammered out by the Eurogroup, comprising the euro zone finance ministers, extends by 10 years the maturities of 130.9 billion euros ($152.4 billion) in old bailout loans, which make up about 40 percent of Greece’s total debt. They are already due in more than 30 years, but the new deal also defers interest payments on them by a decade. Besides, Greece gets 15 billion euros in cheap funding (the average rate for these bailout loans was 1.62 percent as of the end of March) that it can use to repay expensive debt to the International Monetary Fund, some 2.6 billion euros of which is due by the end of 2019.

It’s at the higher end of what was expected given Germany’s decidedly ungenerous stance on Greek debt, and it’ll let Greece tap the markets, though as Bloomberg Opinion’s Marcus Ashworth writes, it’s not clear investors will turn up in their numbers. The debt deferments are contingent on a large primary surplus (before debt repayments and interest) of 3.5 percent until 2022 and then 2.2 percent until 2060, as well as a whole program of tough economic and governance measures, which will be controlled by the creditors in the course of quarterly inspections. In other words, the country’s exit from the bailout program is far from clean.

It’s easy, therefore, for the political rivals of Prime Minister Alexis Tsipras to claim that Greece doesn’t get much out of the deal and that it’s not really a bailout exit. “Nothing exciting,” Costis Hatzidakis, vice president of the opposition New Democracy party grumbled about the exit terms. He described them as putting Greece in a “fish bowl” until 2022 with enough cash to pay off maturing debt but not much ability to borrow privately: The interest Greece has to pay on bonds is still too high at about 4.2 percent.

That fits the recent assessment of a group of European economists led by Jeromin Zettelmeyer of the Peterson Institute of International Economics. They wrote:

In the best-case scenario, Greece would maintain high primary surpluses until 2022 or 2023, but a longer period of exceptional fiscal discipline, as imagined by the Eurogroup, is very unlikely. By the late 2020s, it will be clear that the Greek debt dynamics are again unsustainable. At that point, however, the costs of restoring Greek debt sustainability will be much higher than they are today, because a large new stock of expensive private sector debts will have accumulated in the meantime. These debts would either need to be restructured or — in effect — repaid by the European official sector.

New Democracy isn’t just making populist noises. It’s highly likely that it will run the next government, to be elected by October, 2019. It has led the polls since 2016, gradually expanding its lead over Tsipras’s leftist Syriza bloc. Tsipras  appears resigned to a loss next year and mainly interested in assuring his legacy: That would explain his recent efforts to resolve the dispute with neighboring Macedonia over its name, to which Greek governments have long claimed the former Yugoslav republic has no right. The compromise has led to suggestions that Tsipras deserves a Nobel Peace Prize, since the name deal would remove a major obstacle to the entire former Yugoslavia’s ending up in the European Union, but it doesn’t help Tsipras at home where most Greeks oppose it.

If the center-right New Democracy wins next year and consolidates power, quick economic gains will be required if it hopes to keep some modicum of public trust. After all the hardship Greece has endured, the roughly 2 percent a year growth the Bloomberg consensus forecast promises the country in 2018, 2019 and 2020 is painfully insufficient. But how does one stimulate growth while forced to maintain large primary surpluses and only borrow at rates that can make Greece’s debt look unmanageable again by the end of the electoral cycle in 2023?

Ironically, New Democracy, which lost power to Syriza in 2015 because Tsipras promised an end to austerity and a debt write-off, is now in Syriza’s position, bemoaning Tsipras’s inability to reduce the face value of the debt and Greece’s lack of leverage in speeding up economic growth. If it tries to run up Greece’s private debt to spur investment, it may get slapped on the wrist or create a new debt crisis for the next four-year parliamentary period.

The heavy-handed bailouts may have helped keep Greece running and in the euro zone, but, just as their critics have claimed, they have rendered the Greek democracy somewhat redundant. Officially out of the bailout program, Greece still cannot really make its own policy. It may be doomed to a cycle of protest votes, weak governments, and, unless these governments are prudent, debt crises. Breaking that cycle might just be a goal that would justify allowing some moral hazard; it’s just hard to imagine the creditors trusting Greece again enough to loosen the leash.

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Fusion GPS founder trapped in legal jeopardy, bets on Democrat midterm win to bury Russiagate hoax (Video)

The Duran – News in Review – Episode 135.

Alex Christoforou

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Fusion GPS researcher Nellie Ohr and ex-FBI official James Baker are set to testify before Congress, but Fusion GPS co-founder Glenn Simpson is taking the Fifth.

The man at the center of the Russiagate hoax, Glenn Simpson, headed the espionage/PR smear firm Fusion GPS, which ordered the discredited and fake Trump ‘dossier’, which John McCain handed to the FBI, and which Buzzfeed News published as actual news.

Simpson has a lot of explaining to do, and now appears trapped in his “under oath” lies.

Simpson had previously testified under oath to the House Intelligence Committee that he never met with DOJ official Bruce Ohr, husband to Fusion GPS researcher Nellie Ohr.

Simpson also stated under oath that he never discussed with Bruce Ohr the Steele dossier prior to the October FISA application, which was used to spy on Carter Page and kick off the ‘Russiagate hoax’.

The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss the legal jeopardy entangling Fusion GPS co-founder Glenn Simpson. Republicans are close to breaking the ‘Russiagate hoax’ wide open, but Simpson is betting on delay tactics, and a subsequent Democrat midterm House victory, to save his ass from prosecution, and bury his involvement in a brazen attempt to discredit and remove an elected US President.

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According to Zerohedge, Fusion GPS co-founder Glenn Simpson may be in “real legal jeopardy” over inconsistent testimony given to Congress regarding his involvement in a massive counterintelligence effort against then-candidate Donald Trump, including the infamous Steele dossier.

Speaking with Fox News Maria Bartiromo, John Ratcliffe (R-TX) said…

“I’m not surprised that Glenn Simpson is taking the Fifth.”

“He probably should. He’s in real legal jeopardy. Very clearly someone is not telling the truth.”

Via The Daily Caller… 

Simpson, who investigated the Trump campaign on behalf of the DNC and Hillary Clinton presidential campaign, informed Congress on Thursday that he will plead the Fifth to avoid speaking with members of the House Judiciary and House Oversight & Government Committee in an interview set for Tuesday.

“The reason for that … is that Glenn Simpson had previously testified under oath to the House Intelligence Committee that he never met with Bruce Ohr or discussed with Bruce Ohr the Steele dossier prior to the October FISA application in 2016 or the 2016 presidential election,” said Ratcliffe, a member of the House Judiciary panel.

Via Fox News ‘Sunday Morning Futures’

Via Zerohedge

Ohr told the Judiciary and Oversight & Government Reform Committees in an August 28 interview that he met with Simpson in August and December of 2016 to discuss Fusion GPS’s opposition research into Donald Trump.

Bruce’s wife, Nellie Ohr, was hired by Fusion GPS for the anti-Trump effort at the time.

Simpson, however, told a different story to the House Intelligence Committee on November 14, 2017, when he said that he hadn’t been in contact with anyone from the DOJ or FBI until after the election. While he did acknowledge meeting with Bruce Ohr (meetings which would result in Ohr’s demotion), Simpson never disclosed his wife’s employment.

“Ohr, who has been demoted twice since December, was also in frequent contact with Christopher Steele, the author of the infamous anti-Trump dossier. Steele, a former British spy, was hired by Fusion GPS in June 2016 to investigate the Trump campaign’s possible links to the Kremlin.

Steele met with the Ohrs on July 30, 2016, a day before the FBI opened its counterintelligence investigation into the Trump team. Ohr met just after with FBI deputy Director Andrew McCabe.” – Daily Caller

Following the 2016 election, Steel and Ohr met over a dozen times, despite the FBI having blacklisted Steele for improper media disclosures concerning his work.

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Hillary and Holder are hurting Democrat Party with their rhetoric

Democrat-written opinion piece points out the fact that the party has radicalized so much it has left its own supporters behind.

Seraphim Hanisch

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Fox News ran an opinion piece written by Douglas E. Schoen early Sunday. It points out how radicalized the Democrat Party has become, and it is noteworthy because Douglas Schoen is a Democrat himself. He writes (emphasis added):

As Democrats campaign for the Nov. 6 midterm elections, they have plenty of legitimate criticisms to level at President Trump and Republicans who control the House and Senate. But Democrats were hurt in recent days by amazing and disgusting comments made by Hillary Clinton and former Attorney General Eric Holder.

As a Democrat, I want my party to win as many seats as possible in the House and Senate and to capture as many governorships and other state offices as it can. But the Clinton and Holder remarks do not advance that effort – they hurt it.

Former Secretary of State and 2016 Democratic presidential nominee Clinton said Tuesday that “you cannot be civil with” the Republican Party because it “wants to destroy what you stand for, what you care about.” She added that “if we are fortunate enough to win back the House and or the Senate, that’s when civility can start again.”

But even worse than Clinton’s comments were those of Eric Holder, who said at a recent campaign event in Georgia that Democrats should abandon the advice of former first lady Michelle Obama, who said at the 2016 Democratic National Convention that her party and mine should respond positively to negative attacks from the GOP.

Mrs. Obama said that “when someone is cruel or acts like a bully, you don’t stoop to their level. No, our motto is, when they go low, we go high.”

Holder argued just the opposite, saying: “When they go low, we kick them. That’s what this new Democratic Party is about.” He later said he wasn’t advocating violence – not literal kicking.

I beg to differ with both Clinton and Holder.

The only way the Democrats can regain the majority in either or both houses of Congress is by being civil, and pointing out the differences between Democrats and Republicans on the issues.

This is the real issue that should govern elections. Rather than the politics of popularity, one needs to consider policy points and which side offers points that are actually achievable, believable, concrete, desirable and specific. Calling President Trump and his administration names does not offer any constructive dialogue on policy matters.

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Conservatives and Trump supporters know this and it is precisely because of this that Donald Trump won the White House.

While the mainstream media (and here we can include Fox News largely) tried every possible way to ridicule Donald Trump’s candidacy, the people that actually listened to what he had to say found him very impressive on policy as much as his ability to speak as the voice of the people. The recent hysteria around Brett Kavanaugh’s nomination and confirmation to the Supreme Court was hysteria up front, driven by real policy fears from the deep core of liberals, as they know that this Justice is likely to form an effective wall against liberals ramming their agenda through the courts since their efforts fail legislatively so often.

Mr. Schoen continues:

As a centrist Democrat, the issue that strikes me most is the degree to which the national debt and the deficit are now out of control.

America faces uncertain and unstable times financially. Yet we are seeing a Republican-controlled Congress that has largely failed to do anything besides provide tax cuts for major corporations and the wealthiest individuals. This is by no means certain to have fundamentally altered the path of the economy or to provide economic growth.

Put another way, what the Trump administration has failed to do is to fix health care and cover pre-existing conditions more fundamentally; lead America in a fiscally responsible way; and pass tax cuts that help the average American. The Trump tax cuts have driven up the national debt and endangered funding for programs that benefit millions of people in our country.

So, here are policy points. Now we can begin to have a debate. Is Mr. Schoen right, or wrong in his information? This is far different than name-calling!

Democrats have long argued the need for a centrist agenda that focuses on:

  • Providing health-care benefits – whether private or public – to all Americans to cover expansively all pre-existing conditions.
  • Protecting the environment from the policies of the Trump administration that have only encouraged –and I dare say exacerbated – environmental degradation and climate change.
  • Promoting a pro-growth, inclusive agenda that seeks to put working people first, and the interests of Washington insiders and economic elites second. President Trump claims that he is doing this – he calls it “draining the swamp” – but this has not happened.

There is no justification for the angry rhetoric of Clinton and Holder, which only feeds into Republican claims that Democrats are an angry mob that can’t get over Clinton’s loss to Trump two years ago.

And Holder looks particularly bad because he was once the chief law enforcement officer of the United States, yet now sounds like he is effectively advocating what appears to be either illegal activities, or metaphorical initiatives that run counter to our traditions and our politics.

Hillary Clinton has said she won’t run for office again, but Holder has said he may run for president in 2020. Whoever the Democratic candidate turns out to be needs to be a responsible and respectable opponent – not one who calls for kicking the GOP or for incivility.

We should have learned from the Senate confirmation hearing for now-Supreme Court Justice Brett Kavanaugh that resisting for the sake of resisting doesn’t work. In fact, Democratic attacks on Kavanaugh may well have backfired, recent polls show.

The Democratic Party itself is lost now, without a message, a direction, a strategy, or agenda to confront a Republican Party that is seen as in many ways as having let the American people down.

We need change – but it must be constructive change. This Democrat believes that the comments that Eric Holder and Hillary Clinton made are wrong, counterproductive, and deserve to be rejected by the leadership of the Democratic Party.

Perhaps Fox News ran this opinion piece because Douglas Schoen is the first rational Democrat contributor to say anything in some time. However, it also appears that Mr. Schoen is a minority in his own party. It is a greatly logical approach to argue policy, as he has and as anyone who really understands American government should. But it is unclear as to whether the bulk of the Democrat Party even has reasonable people remaining.

If they do, it may well be that they are being betrayed by their party’s increasingly leftist and radical positions. The Party apparatus seems focused, but it also seems to have left people like Mr. Schoen behind.

Who knows? Maybe that will bring them into the Trump camp.

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Patriarch Bartholomew lifts anathemas on schismatics in Ukraine (VIDEO)

Most of the Orthodox world is in strong opposition to this move by Patriarch Bartholomew, whose motivations seem not to be of Christ.

Seraphim Hanisch

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The biggest news in the Eastern Orthodox world in recent times occurred on Thursday, October 11, 2018. The Ecumenical Patriarch of Constantinople, Bartholomew I, lifted the anathemas against two schismatic Ukrainian Churches and their leaders, paving the way to the creation of a fully independent Ukrainian national Orthodox Church.

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This announcement was given in English and is shown here in video with the textual transcript following:

“Presided by His All Holiness the Ecumenical Patriarch Bartholomew, the Holy and Sacred Synod convened for its regular session from October 9 to 11, 2018 in order to examine and discuss items on its agenda. The Holy Synod discussed in particular and at length, the ecclesiastical mater of Ukraine in the presence of His Excellency Archbishop Daniel of Pamphilon and His Grace Bishp Ilarion of Edmonon, Patriarchal Exarchs to Ukraine, and following extensive deliberations decreed (emphasis added):

First, to renew the decision already made, that the Ecumenical Patriarchate proceed to the granting of autocephaly to the Church of Ukraine;

Second, to re-establish at this moment the stavropegion of the Ecumenical Patriarchate in Kiev—one of its many starvorpegion in Ukraine that existed there always;

Third, to accept and review the petitions of appeal of Philaret Denisenko and Makary Maletich and their followers who found themselves in schism not for dogmatic reasons, in accordance with the canonical prerogatives of the Patriarchate of Constantinople to receive such petitions by hierarchs and other clergy of all the autocephalous Churches. Thus, the above mentioned have been canonically reinstated to their hierarchical or priestly rank, and their faithful have been restored to communion with the Church;

Fourth, to revoke the legal binding of the Synodal letter of the year 1686, issued for the circumstances of that time, which granted the right through economia to the Patriarch of Moscow to ordain the Metropolitan of Kiev elected by the clergy-laity assembly of his eparchy, who would commemorate the Ecumenical Patriarch as the first hierarch at any celebration, proclaiming and affirming his canonical dependence to the Mother Church of Constantinople;

Fifth, to appeal to all sides involved that they avoid appropriation of churches, monasteries, and other properties as well as every other act of violence and retaliation so that he peace and love of Christ may prevail.”

There are a few things that must be said about what this declaration is not before we get to the matter of what the points of actually are. The point of reference is the strict letter of the text above itself.

  • This is not a granting of autocephaly (full independent self-rule status) like the fourteen universally canonical Orthodox jurisdictions in the world. However, it is a huge step towards this status.
  • As far as Constantinople is concerned, Filaret Denisenko, the leader and “Patriarch” of the “Kyiv Patriarchate of the Ukrainian Orthodox Church” and Makary, the “Metropolitan” of the “Ukrainian Orthodox Autocephalous Church”, and all their faithful are now restored to communion. The statement says that this applies to “The Church” which may be trying to state that these two men (and all the faithful that they lead), are now in communion with the entirety of canonical Orthodoxy, but more likely, this may be a carefully worded statement to say they now are in communion with Constantinople alone.
  • There is an official call for the cessation of the violence directed against the Moscow Patriarchate parishes and communities, who are the only canonically recognized Orthodox Church in Ukraine, and who are also the largest by far in that country. The Kyiv Patriarchate and Uniate (Roman oriented) Greek Catholics in Ukraine have gone on record for seizing MP church properties, often by force, with neo-Nazi sympathizers and other radical Ukrainian nationalists. So this official call to cease the violence is now a matter of public record.

However, the reaction has been far less civil than the clergy wished for.

Ukrainian President Petro Poroshenko: “Expressing his view of the Moscow Patriarchate, Poroshenko added, “This is a great victory of the God-loving Ukrainian people over the Moscow demons, the victory of Good over Evil, the victory of Light over Darkness.”’

Perhaps this is the reason Metropolitan Onuphry of Ukraine (exarch under the Moscow Patriarchate) has been labeled an enemy of Ukraine and is now receiving death threats. Very civil.

Poroshenko’s statement is all the more bizarre, considering that it has been Ukrainian ultra-nationalists that have been violently attacking Moscow – related parishes in Ukraine. This has been corroborated by news sources eager to pin the blame on Russia, such as the U.K. Guardian.

The Union of Orthodox Journalists, based in Kiev and supportive of the Moscow Patriarchate, has been under intense cyber attack since October 11th, when the EP’s announcement was issued.

Ukrainian Orthodox Church (Moscow Patriarchate) Chancellor, Metropolitan Anthony of Boryspil and Brovary: “What happened at the Synod in Istanbul yesterday shocked the entire Orthodox world. It seems the Patriarchate of Constantinople is consciously embarking on a path of schism in world Orthodoxy. Patriarch Bartholomew ignored the calls of the Local Churches to convene a meeting of the primates to work out a common and conciliar solution to the Ukrainian Church issue and unilaterally made very serious but erroneous decisions. I hope the Orthodox world will give this action an objective evaluation… Having received the schismatics into communion, Patriarch Bartholomew did not make them canonical, but has himself embarked on the path of schism. The schismatics remain schismatics. They did not receive any autocephaly or tomos. It seems they have lost even that independence, although non-canonical, that they had and which they always emphasized.”

Metropolitan Rostislav of the Czech Lands and Slovakia:“The Orthodox world recognizes the only canonical primate of the Ukrainian Orthodox Church—His Beatitude Metropolitan Onuphry of Kiev and All Ukraine. This fact was repeatedly mentioned and confirmed by the primate of the Great Church of Christ His Holiness Ecumenical Patriarch Bartholomew on behalf of all present at the Synaxis of the Primates of the Local Orthodox Churches that was held in Chambésy (Switzerland) from January 21 to 27, 2016. Therefore, any attempt to legalize the Ukrainian schismatics by the state authorities should be strongly condemned by all the primates of the Local Orthodox Churches.

Patriarch Irinej of Serbia wrote two letters to the Ecumenical Patriarch, advocating that the provision of a new autocephaly is possible only with the consent of all local Orthodox Churches. According to Sedmitza.ru (Translation by Pravoslavie.ru),

“In these letters, it was very clearly stated that the granting of autocephaly cannot be the prerogative the Patriarchate of Constantinople alone, that new autocephalies must be created only with the consent of all the Local Orthodox Churches, as the Holy Synod of Antioch also said in its recent statement.”

Pat. Irinej also warned the Patriarchate of Constantinople against making such major decisions unilaterally, because “it will not bring harmony and peace to the Ukrainian land, but, on the contrary, will cause new divisions and new schisms.”

The Holy Synod of Antioch, the oldest Orthodox Church, and actually the very first place where the disciples of Christ were even called “Christians” weighed in on the issue as well and they had several things to say:

“The fathers examined the general Orthodox situation. They stressed that the Church of Antioch expresses her deep worries about the attempts to change the boundaries of the Orthodox Churches through a new reading of history. She considers that resorting to a unilateral reading of history does not serve Orthodox unity. It rather contributes to the fueling of the dissensions and quarrels within the one Church. Thus, the Church of Antioch refuses the principle of establishing parallel jurisdictions within the canonical boundaries of the Patriarchates and the autocephalous Churches as a way to solve conflicts, or as a de facto situation in the Orthodox world.

To summarize, this move by Constantinople is not being warmly received by many, many people. Most of the local Churches are on record giving their reaction to this process. In brief, here is the list most of the Local Churches and a one or two word summary of their reactions.

Patriarchate of Georgia: Unilateral action is wrong; Constantinople and Moscow must cooperate and find a solution together.

Patriarchate of Jerusalem: recognizes Ukraine as a canonical territory of the Russian Orthodox Church alone, as do all other local Churches

Patriarchate of Alexandria and all Africa: The Church does not bow to politicians. Moscow-led church is the only canonical Church in Ukraine.

Archbishop of Cyprus: Decries the Ukrainian situation but offered to mediate a discussion between Moscow and Constantinople

Bulgarian Patriarchate: Interference of the State in Church affairs leads to serious and negative consequences for both.

Polish Orthodox Church: Metropolitan Sawa called for a council of Orthodox ruling hierarchs to discuss this situation.

Estonian Orthodox Church: Condemns Constantinople’s actions in Ukraine.

Greek Archdiocese of America: Supports Constantinople’s actions in Ukraine.

The Orthodox Church of Greece (Metropolitan Seraphim of Piraeus quoted): “Schismatics, as we know, are not the Church, and communion with them is forbidden by the Divine and holy canons and the Apostolic and Ecumenical Councils. Why then this persistence of the Ecumenical Patriarch Bartholomew in recognizing schismatics as an autocephalous Church? To provoke schisms and divisions in the one universal and Apostolic Church of Christ?”

Russian Orthodox Church Outside of Russia (ROCOR): Ceased commemoration of Constantinople, ceased concelebration with Constantinople.

This issue has also rocked the secular geopolitical world.

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