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In essence, Greeece has submitted the same proposal that Greeks voted against last Sunday

Athens has submitted a loan proposal that looks like the Juncker proposal the Greek people rejected a last Sunday.

Alex Christoforou

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Post originally appeared on Zerohedge.

“We got a mandate to bring a better deal than the ultimatum that the Eurogroup gave us, but certainly not given a mandate to take Greece out of the eurozone,” Greek PM Alexis Tsipras reportedly told Syriza lawmakers on Friday, underscoring the fact that his government’s mandate is, for all intents and purposes, impossible to achieve.

As detailed Thursday evening, the proposal (or, the “thorough piece of text” as Jeroen Dijsselbloem called it) submitted by Tsipras looks quite a bit like the proposal the Greek people rejected at Tsipras’ urging last Sunday. Here are the basics:

The broad strokes: a 3 year, €53.5 billion bailout program, including €35 billion of growth measures, lasting through June 30, 2018 requesting funds from the ESM, seeking to finally put the IMF off to the side. The program is heavy on revenue promises and lite on actual spending cuts. Greece hopes to achieve a 1% primary budget surplus in 2015, rising to 2%, 3%, and 3.5% by 2018, all of which are now impossible due to the total collapse of the economy in the past week. Among the tax reform will be a modest increase in corporate tax from 26% to 28%. The changes to the VAT system are as noted previously, keeping the VAT on hotels at 13% but raising it to 23% for restaurants; Greece also promises to eliminate discounts on islands, starting with the islands with higher incomes and which are the most popular tourist destinations. Create strong disincentives to early retirement, incur penalties for early withdrawals, make all supplementary pension funds financed by own contributions; and so on. Greece will seek to “gradually phase out the solidarity grant (EKAS) for all pensioners by end-December 2019” – who will be impacted and when: “the top 20% of beneficiaries in March 2016.” In other words another 9 months of non real action. Greece will also “freeze monthly guaranteed contributory pension limits in nominal terms until 2021.”

Reactions from Europe and from Syriza itself have been largely predictable. As mentioned above, Dijsselbloem is lukewarm, French President Francois Hollande called the proposal “serious and credible”, Italian PM Matteo Renzi is “more optimistic than [he] was in the past,” while Germany is, to use Bloomberg’s words “reserving judgement.”

On person who is not “reserving judgement” however is Greek Energy Minister and far-left leader Panagiotis Lafazanis. “The proposals are not compatible with the Syriza programme,” he told Reuters on Friday. On Thursday, in the course of detailing Greece’s €2 billion energy partnership with Russia, Lafazanis said the referendum “no vote “must not become a humiliating ‘yes’.” 

While the Eurogroup will convene on Saturday to consider whether to go ahead with the deal, the first hurdle is the Greek parliament where Tsipras is set to use what Deutsche Bank calls an “unusual political move” to give the proposal a better chance of passing next week. Here’s Deutsche Bank with more:

In the meantime, the Greek PM has initiated the domestic approval process as well. In an unusual political move, he has submitted a one-page legislative proposal requesting emergency parliamentary authorization to negotiate the final terms of the agreement. He has published the government’s proposal at the same time, but is not calling for parliament to vote upon the actual measures. In principle such authority is not required. In practice, the strategy aims at consolidating the SYRIZA party’s parliamentary base ahead of a likely vote to approve the measures next week. On the positive side, pre-emptive parliamentary support will make it more difficult for SYRIZA MPs to reject an agreement after it comes to parliament. On the negative side, the PM will also have an authority to reject an agreement if he so decides.

The opposition’s stance to this strategy remains to be seen, but it will be the support of the government’s parliamentary majority that will be the most important today. The PM will meet with SYRIZA parliamentarians at 6am London time. A full parliamentary vote will take place later in the evening. Approval will provide negotiating space to the PM, increasing credibility with the Europeans and the odds of passage in a subsequent parliamentary vote next week.

In other words, it appears as though Tsipras is looking to back the Syriza hardliners into a corner. The argument appears to go something like this: voting on the actual proposals would be largely pointless as Europe hasn’t approved them, so let’s vote on whether I have the authority to negotiate the measures, but if you say “yes” to that, and I agree to a deal this weekend, then I can then come back to you and say “well, you gave me the authority to negotiate and I decided to accept so now you pretty much have to approve this.” This strategy has the added benefit of allowing Tsipras to tell Europe that the Greek parliament voted “yes” even though in reality they did not vote on the actual deal. You have to love politics.

As for “debt sustainability” (i.e. that small issue which the IMF brought up three days before the referendum and effectively won the vote for Tsipras and the “no” crowd), that will be considered later apparently. From Bloomberg:

Debt sustainability is a central part of discussions in the Euro Working Group and the Eurogroup of euro-area finance ministers, EU official says.

Assessment of Greece’s financing requirements will also form part of analysis, official tells reporters in Brussels.

First, prior actions will be discussed, then financing, then debt sustainability — but they are all linked, official says.

They may be “all linked” but Germany still isn’t biting — or at least not on the idea of a “classic haircut.” Here’s the Irish Times:

The Greek government received a boost on Thursday, after European Council President Donald Tusk said that a “realistic proposal from Athens” should be matched by “realistic proposal from creditors on debt sustainability”.
His unexpected comments – the first from a senior EU figure – followed a phone conversation with Greek prime minister Alexis Tsipras.

Senior officials representing the 19 euro zone member states will consider Greece’s new reform plan on Friday, ahead of a scheduled eurogroup meeting of finance ministers in Brussels on Saturday.

Mr Tusk’s intervention follows renewed calls from IMF managing director Christine Lagarde on Wednesday that Greece’s debt burden should be addressed.

US treasury secretary Jack Lew also intervened to call for debt relief for Greece.

In a sign that Berlin could be open to the idea of debt relief, German finance minister Wolfgang Schauble said the issue could be discussed over the coming days, though he hinted that the impact of any measures would be minimal. “The room for manoeuvre through debt reprofiling or restructuring is very small,” he said.

German chancellor Angela Merkel also explicitly ruled out a debt writedown for Greece. “I have said that a classic haircut is out of the question for me and that hasn’t changed between today and yesterday,” she said, echoing comments she made on Tuesday in Brussels.

Speaking within hours of Mr Tusk’s comments, she said that Greece’s debt sustainability had already been addressed under previous bailouts.

So, just as we said: Germany and the US are now at odds over a Greek debt writedown.

Ultimately, Tspiras has submitted the same proposal that Greeks, at his behest, voted against last weekend. The PM will use a shrewd political maneuver to secure parliamentary support and new FinMin Euclid Tsakalotos will attempt to close the deal on Saturday. And although that would mean selling Greek “no” voters down the river, it’s once again a nearly impossible choice because as Bloomberg reports, citing Dutch newspaper Het Financieele Dagblad, the ECB “will terminate emergency liquidity assistance (ELA) to Greece as of 6am on Monday morning if Greek reform proposals are deemed too light and if Greece is unwilling to cooperate with withdrawal from the euro zone.”

Here’s Commerzbank’s Markus Koch summing things up: “The ‘No’ in the referendum appears to be turning into a ‘Yes’ from Tsipras.”

Sorry Panagiotis Lafazanis. Maybe there’s a cabinet position open in Moscow.

So much for “hope”…

Hope

References:

http://www.zerohedge.com/news/2015-07-10/tsipras-sells-out-referendum-no-vote-ahead-weekend-deadline

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‘Meme-killing’ EU regulation could end YouTube as we know it, CEO warns

The proposed amendments to the EU Copyright Directive would require the automatic removal of any user-created content suspected of violating intellectual property law.

The Duran

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Via RT


YouTube’s CEO has urged creators on the popular video site to organize against a proposed EU internet regulation, reinforcing fears that the infamous Article 13 could lead to content-killing, meme-maiming restrictions on the web.

The proposed amendments to the EU Copyright Directive would require the automatic removal of any user-created content suspected of violating intellectual property law – with platforms being liable for any alleged copyright infringement. If enacted, the legislation would threaten “both your livelihood and your ability to share your voice with the world,” YouTube CEO Susan Wojcicki warned the site’s content creators in a blog post on Monday.

The regulation would endanger “hundreds of thousands of job,” Wojcicki said, predicting that it would likely force platforms such as YouTube to allow only content from a hand-picked group of companies.

“It would be too risky for platforms to host content from smaller original content creators, because the platforms would now be directly liable for that content,” Wojcicki wrote.

While acknowledging that it was important to properly compensate all rights holders, the YouTube chief lamented that the “unintended consequences of Article 13 will put this ecosystem at risk.”

She encouraged YouTubers to use the #SaveYourInternet hashtag to tell the world how the proposed legislation would impact them personally.

“RIP YOUTUBE..IT WAS FUN,” read one rather fatalistic reply to the post. Another comment worried that Article 13 would do “immense damage … particularly to smaller creators.”

The proposal has stirred considerable controversy in Europe and abroad, with critics claiming that the legislation would essentially ban any kind of creative content, ranging from memes to parody videos, that would normally fall under fair use.

Alphabet, the parent company of Google and YouTube, has opposed Article 13 for months. The measure was advanced in June by the European Parliament. A final vote on the proposed regulation is expected to take place sometime next year.

World Wide Web inventor Tim Berners-Lee and Wikipedia founder Jimmy Wales have also spoken out against Article 13.

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WSJ Op-Ed Cracks The Code: Why Liberal Intellectuals Hate Trump

WSJ: The Real Reason They Hate Trump

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Via Zerohedge


As pundits continue to scratch their heads over the disruptive phenomenon known as Donald Trump, Yale computer science professor and chief scientist at Dittach, David Gelernter, has penned a refreshingly straightforward and blunt Op-Ed in the Wall Street Journal explaining why Trump has been so successful at winning hearts and minds, and why the left – especially those snarky ivory-tower intellectuals, hate him.

Gelernter argues that Trump – despite being a filthy rich “parody of the average American,” is is a regular guy who has successfully resonated with America’s underpinnings.

Mr. Trump reminds us who the average American really is. Not the average male American, or the average white American,” writes Gelernter. “We know for sure that, come 2020, intellectuals will be dumbfounded at the number of women and blacks who will vote for Mr. Trump. He might be realigning the political map: plain average Americans of every type vs. fancy ones.”

He never learned to keep his real opinions to himself because he never had to. He never learned to be embarrassed that he is male, with ordinary male proclivities. Sometimes he has treated women disgracefully, for which Americans, left and right, are ashamed of him—as they are of JFK and Bill Clinton. –WSJ

Gelernter then suggests: “This all leads to an important question—one that will be dismissed indignantly today, but not by historians in the long run: Is it possible to hate Donald Trump but not the average American?“.

***

The Real Reason They Hate Trump via the Wall Street Journal.

He’s the average American in exaggerated form—blunt, simple, willing to fight, mistrustful of intellectuals.

Every big U.S. election is interesting, but the coming midterms are fascinating for a reason most commentators forget to mention: The Democrats have no issues. The economy is booming and America’s international position is strong. In foreign affairs, the U.S. has remembered in the nick of time what Machiavelli advised princes five centuries ago: Don’t seek to be loved, seek to be feared.

The contrast with the Obama years must be painful for any honest leftist. For future generations, the Kavanaugh fight will stand as a marker of the Democratic Party’s intellectual bankruptcy, the flashing red light on the dashboard that says “Empty.” The left is beaten.

This has happened before, in the 1980s and ’90s and early 2000s, but then the financial crisis arrived to save liberalism from certain destruction. Today leftists pray that Robert Mueller will put on his Superman outfit and save them again.

For now, though, the left’s only issue is “We hate Trump.” This is an instructive hatred, because what the left hates about Donald Trump is precisely what it hates about America. The implications are important, and painful.

Not that every leftist hates America. But the leftists I know do hate Mr. Trump’s vulgarity, his unwillingness to walk away from a fight, his bluntness, his certainty that America is exceptional, his mistrust of intellectuals, his love of simple ideas that work, and his refusal to believe that men and women are interchangeable. Worst of all, he has no ideology except getting the job done. His goals are to do the task before him, not be pushed around, and otherwise to enjoy life. In short, he is a typical American—except exaggerated, because he has no constraints to cramp his style except the ones he himself invents.

Mr. Trump lacks constraints because he is filthy rich and always has been and, unlike other rich men, he revels in wealth and feels no need to apologize—ever. He never learned to keep his real opinions to himself because he never had to. He never learned to be embarrassed that he is male, with ordinary male proclivities. Sometimes he has treated women disgracefully, for which Americans, left and right, are ashamed of him—as they are of JFK and Bill Clinton.

But my job as a voter is to choose the candidate who will do best for America. I am sorry about the coarseness of the unconstrained average American that Mr. Trump conveys. That coarseness is unpresidential and makes us look bad to other nations. On the other hand, many of his opponents worry too much about what other people think. I would love the esteem of France, Germany and Japan. But I don’t find myself losing sleep over it.

The difference between citizens who hate Mr. Trump and those who can live with him—whether they love or merely tolerate him—comes down to their views of the typical American: the farmer, factory hand, auto mechanic, machinist, teamster, shop owner, clerk, software engineer, infantryman, truck driver, housewife. The leftist intellectuals I know say they dislike such people insofar as they tend to be conservative Republicans.

Hillary Clinton and Barack Obama know their real sins. They know how appalling such people are, with their stupid guns and loathsome churches. They have no money or permanent grievances to make them interesting and no Twitter followers to speak of. They skip Davos every year and watch Fox News. Not even the very best has the dazzling brilliance of a Chuck Schumer, not to mention a Michelle Obama. In truth they are dumb as sheep.

Mr. Trump reminds us who the average American really is. Not the average male American, or the average white American. We know for sure that, come 2020, intellectuals will be dumbfounded at the number of women and blacks who will vote for Mr. Trump. He might be realigning the political map: plain average Americans of every type vs. fancy ones.

Many left-wing intellectuals are counting on technology to do away with the jobs that sustain all those old-fashioned truck-driver-type people, but they are laughably wide of the mark. It is impossible to transport food and clothing, or hug your wife or girl or child, or sit silently with your best friend, over the internet. Perhaps that’s obvious, but to be an intellectual means nothing is obvious. Mr. Trump is no genius, but if you have mastered the obvious and add common sense, you are nine-tenths of the way home. (Scholarship is fine, but the typical modern intellectual cheapens his learning with politics, and is proud to vary his teaching with broken-down left-wing junk.)

This all leads to an important question—one that will be dismissed indignantly today, but not by historians in the long run: Is it possible to hate Donald Trump but not the average American?

True, Mr. Trump is the unconstrained average citizen. Obviously you can hate some of his major characteristics—the infantile lack of self-control in his Twitter babble, his hitting back like a spiteful child bully—without hating the average American, who has no such tendencies. (Mr. Trump is improving in these two categories.) You might dislike the whole package. I wouldn’t choose him as a friend, nor would he choose me. But what I see on the left is often plain, unconditional hatred of which the hater—God forgive him—is proud. It’s discouraging, even disgusting. And it does mean, I believe, that the Trump-hater truly does hate the average American—male or female, black or white. Often he hates America, too.

Granted, Mr. Trump is a parody of the average American, not the thing itself. To turn away is fair. But to hate him from your heart is revealing. Many Americans were ashamed when Ronald Reagan was elected. A movie actor? But the new direction he chose for America was a big success on balance, and Reagan turned into a great president. Evidently this country was intended to be run by amateurs after all—by plain citizens, not only lawyers and bureaucrats.

Those who voted for Mr. Trump, and will vote for his candidates this November, worry about the nation, not its image. The president deserves our respect because Americans deserve it—not such fancy-pants extras as network commentators, socialist high-school teachers and eminent professors, but the basic human stuff that has made America great, and is making us greater all the time.

Mr. Gelernter is computer science professor at Yale and chief scientist at Dittach LLC. His most recent book is “Tides of Mind.”

Appeared in the October 22, 2018, print edition.

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The Trump Miracle and the Logical End of US Democracy: What Happened?

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I don’t wish to dine with a Clinton Snowflake.

And a Clinton Snowflake would rather see me off to San Quentin, the Deplorable that I am.

Something happened under Obama-Clinton rule that has never happened before, not even in the heat of passions culminating in the Civil War. The country polarized, splitting into two groupings. Forever.

Obama’s, Grand Canyon divide was cemented, subsequently, by Clinton’s “Deplorables” gaff interpreted as disdain and disrespect for the working, one-half of the country. Millions of Americans will never accept her and her Snowflakes and vice versa. “Never say never,” it’s said, often enough. But, this time, “never,” is an unequivocal: “Never!”

Quite simply, the Obama-Clinton regime politicized that which should never be politicized, namely, core beliefs and values, starting with God.

Debate is one thing, but the regime followed up with direct and indirect actions, which some writers call rainbow fascism. “You won’t bake a wedding cake for two gays out of some fossilized belief in scripture? We’ll shut you down.”

The regime’s aggression against the Church, the family, and the infant in the womb is dynamite inserted into the foundation on which the country stands.

Along with compassion and sensitivity to opposing views, compromise used to help mend political wounds. It allowed the nation to move on after an election. However, when religious tenets are challenged by a political Party with executive order power, the door on possible compromise slams shut. Obama-Clinton politicized the sacred and the Holy, a big no-no considering that politics divide. It wasn’t done out of ignorance, disrespect, or plain arrogance. It was a conscience, systematic attack by the Godless against God-fearing Christians.

God either exists or He doesn’t – no compromise, here. That is, “He might exist,” placates neither the believer nor the atheist. The Bible is either the Word of God as delivered through His prophets or it isn’t. No compromise possible.

Abortion-on-demand is another issue without compromise considering the commandment: Thou shalt not kill (murder). There is also common sense compassion, which makes us human and says that abortion is wrong. You’re either for murder of the defenseless or against it.

A partial birth abortion, despite the insinuation of compromise in the term, is actually a viler variant of infanticide because it’s performed in the last trimester, at 5-7 months. The well-developed, living infant is pulled out of the womb, legs first. The medical executioner then plunges a probe with a catheter into the living brain in order to suction out a bloody slurry and collapse the skull. Is it murder of the defenseless or a “woman’s right” as Snowflakes call it?

Clinton claims: “Fetuses feel no pain and have no rights.” Curiously, Himmler leaned on a nearly identical contention to justify ghoulish, medical experiments on pregnant women in Konzentrationslager. Is there a difference? Indeed, there is. Clinton is a woman, making her serial murders more of a monstrosity.

The Holy Bible is either the Word of God or it isn’t. It’s not a book to be adapted to one’s whims or sexual lusts. Scripture strictly condemns male homosexuality in at least three passages and, implicitly, in some one-half dozen others. Nonetheless, Obama-Clinton attached the promotion of LBGTq-ism to the Democratic plank, overriding scripture. Clinton informed one audience that Christians would have to change their beliefs on some issues.

Hold on! “I’m getting my musket,” as more than one American has said.

I used to enjoy dialogue. But a sour aftertaste remains from the last time that I waded, innocently enough, into an after-dinner, back-and-forth. The topic was the upcoming primaries.

Dodging a flurry of leftism hooks from a New York Cityite at a Hamptons hideaway, I smiled through early-round attacks recalling how Mohammed Ali used to taunt opponents and cockroaches until they lost their cool. It worked. My opponent promptly tangled himself up in the ropes of his emotions.

It became apparent, in the ensuing minutes, that the Achilles heel of the Left was the absence of a viable candidate. That is, one who could be liked – a leader with charisma with a realistic chance winning.

Hillary was the only figure looming big on the horizon. After flying about on her crooked broom, peddling influence and laundering bloody cash from terrorism-sponsoring sheiks, wads of cash stuffed her Pampers. The Wicked Witch of the West, as victims of her foreign policy still address her, apparently, had it all. Except likeability. Or, something new to offer millions of working Americans beyond the scandals, a world in flames, and the same old corrupt things, starting with her foundation, which kept the cash but forgot Hattian children.

Deep-down inside, my opponent knew that getting excited about Hillary would be a daunting task. It’s precisely Hillary’s inability to generate enthusiasm that eventually metamorphosed into, “What Happened?” It wasn’t Russia; it wasn’t the dog that ate her homework.

As Secretary of State, Clinton’s role in creating and sponsoring head-choppers, baby burners, and heart-eating fanatics in ISIS’s jumpsuits was already well-established for anyone who was interested in looking beyond the hyaluronic acid smile and the praise of her attendant, media handlers.

Propagandists led by CNN and MSNBC did their best to sequester her “Arab Spring” fiascos. Her ties and support of the Muslim Brotherhood, apparently, inspired by live-in aide and right-hand woman, Huma Abedin were off limits for the press. Lesbian lover or not, the real issue is the between-the sheets confidences of one woman, holding one of the highest positions in the US Government and another with connections to jihadist circles inspired by Sayyid Qutb, the godfather of al Qaeda. What would have been made of it by the press if Trump had a mistress whose grandfather was Osama bin Laden?

Clinton’s connivance, her intrigue, and her use of the sword to overthrow foreign governments constituted the essence of her foreign policy. Now, the rich, sweet thing is crying over supposed, Russian interference that she claims cost her the election! No proof of Russian involvement has been found, despite massive efforts and the wasteful expenditure of millions of dollars. Even so, in her warped sense of reality, it’s inconceivable that American voters chose a vulgar, thrice-married, casino operator who trash talks instead of her. Curiously, it was Christians, in particular – Catholics, Protestants and the Orthodox – fearing a de facto Obama third term, who voted in droves for Trump.

Jonathon Van Maren writes: “…Christians are having conversations around the dinner table about what do if the government forces curricula on them that they cannot accept, because their own government is increasingly indicating that Christian parents are too homophobic and too hateful to teach their own children.”

Fear is setting in at both ends of the political spectrum. Meltdown, weep-in snowflakes fear Trump yet he and Christians are not forcing the LGBTq groupings etc., to make lifestyle changes. In contrast, Obama-Clinton’s Rainbow Fascism demands core value changes, or else! It’s already ruining the lives of those who cannot compromise religious tenets. What’s next? Obviously, children must be taken away from homophobic and irresponsible parents. It’s already happening in Norway and Sweden.

Curiously, WaPo’s entire editorial board endorsed her. Isn’t endorsement of Clinton’s terrorism by proxy tantamount to being a terrorist? Can WaPo be trusted, again? Another liberally slanted paper, the NY Times largely swept Clinton’s sordid past under the carpet, with about 90 percent of its articles casting her in a positive light. In contrast, it was open season on Republicans and, soon enough, on Trump.

“Considering her international war crimes record, if you vote for her, as I’m sure you’ll end up doing, you’re going to be an accomplice. Of terrorism,” I sighed. “So unfriend me now, please.”

Swinging, aimlessly – now, a bug in my web – my opponent’s accusations turned Archie-Bunker-personal – “You’re a SOB, M#*/!er. All you do is criticize but you haven’t done squat! Do something in the community instead of blaming everything on Obama and Clinton.

“Some time ago, I saw little, practical sense in it,” I replied. “That is, in wasting time to change the system.”

If it was ever possible to improve matters on a local level, those days are gone. Plato, Socrates and Aristotle did not consider the rule of money to be compatible with democracy. After three, consecutive, two-term geniuses steering the US Titanic – Clinton, Bush, Obama – the scraping sounds of hitting the iceberg are all-too-audible. The mass media orchestra plays on yet the waterline has reached the nation’s gunwales.

“Sorry, trends are apparent enough. Liberty, freedom of expression – all on the wane. Government as well as media controls are tightening! Prisons are full. Stalin has been outdone. His maximum Gulag stay was 15 years regardless of the charge. What’s ours? A life sentence for being in a romantic relationship with a drug smuggler? Common sense is being pushed aside by nonsense. Sorry, I find little sense building sandcastles at ebbtide.”

My opponent had had enough. Spilling whisky to get away from me, he spewed more venom and parted the room. Forever.

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