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No deal on Greece today. EU schism with France on one side and Germany on the other

Finland’s Finance Minister Stubb said that, “I think we’re very far away from the types of conditionality that we need. If this was a negotiation from one to 10.”

Alex Christoforou

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Will the Greek eurozone crisis ever end…apparently not. Here is the latest run down.

Some highlights of today’s meeting, as reported by Zerohedge…

  • Slovakia FinMin Peter Kazimir said quite simply earlier “it’s not possible to reach deal today.
  • “We continue to work to establish the conditions to start negotiations, which is the real target – it’s not about closing a deal, it’s about starting negotiations,” Italian Finance Minister Pier Carlo Padoan tells reporters in Brussels.
  • Finland’s FinMin Stubb who said that while he is still hopeful “I think we’re very far away from the types of conditionality that we need. If this was a negotiation from one to 10, I think we’re still standing somewhere between 3 and 4. So making progress but not there yet.  No one is blocking a deal, we’re all constructively trying to find a solution in a very difficult situation.”
  • We don’t consider the Greek proposal at all sufficient for starting negotiations. Much must happen in order to advance. The Finnish government is unanimous on its stance on Greece.

To sum it up…again via Zerohedge…

Basically, all Europe has left now is hope: hope that Germany will change its mind in the last second and will backtrack on its demands. It got so bad that Luxembourg’s foreign minister made a plea for Germany to avoid a Greek exit from the euro, warning Berlin of a catastrophic schism with France if it pushes for Athens to leave the currency union. The comments from Jean Asselborn, released on Sunday, came after Germany argued that Greece could take a five-year “time-out” from the euro zone and have some of its debts written off if Athens fails to improve proposals it has made for a bailout.

“It would be fatal for Germany’s reputation in the EU and the world if Berlin does not now seize the chance that there now is with the Greek reform offers,” Asselborn told Germany’s Sueddeutsche Zeitung newspaper.

“If Germany pushes for a Grexit, it will provoke a profound conflict with France. That would be a catastrophe for Europe,” he added in an advance release of an interview to run in the Sueddeutsche’s Monday edition.

Some thoughts on all the theatre and tragedy from Sky News’ Ed Conway…

Here are a few stream-of-consciousness thoughts about where we are, written at lunchtime on Sunday. They may be out-of-date by the time you read them. Then again, in the euro crisis, nothing ever seems to change all that much.

1. Today’s Absolutely Final deadline is no longer final.

There was lots of talk (from the President of the European Council among others) that Sunday’s leaders’ and EU leaders’ summit was the Very Last Opportunity to seal a deal or to throw Greece out of the euro. That seemed to make some sense — after all, not only are the Greek banks closed, the entire financial system seems to be about to run out of money. There’s only so long you can run an economy without a fully-functioning banking system.

However, at yesterdays’ eurogroup meeting (that’s the euro finance ministers) it emerged that the decision on a deal may be put off for another few days. Sources said that the financial outflows were not so bad last week, and that the Greek banking system could survive for another few days. Whether this is true or not remains to be seen.

2. One big problem is trust

This is both good news and bad. Good because it signifies that in terms of the proposals for a bailout deal, there is no longer much distance between the two sides. Having persuaded his people to vote in last weekend’s referendum against the deal proposed by the creditors, Greek PM Alexis Tsipras has subsequently signed up to the vast majority of its strictures. So the two sides now, finally, largely agree on the kind of austerity that needs to be imposed (cuts to pension bills, liberalising monopolies and nationalised industries, raising VAT and removing exemptions, including on the islands etc). The problem is that no-one believes that Greece will actually go through with the reforms — especially after all the surprises, disappointments and broken promises of the past few weeks and months. That is why there is talk of waiting until the Greek parliament has actually passed some of these measures before giving the final go-ahead to new bailout talks.

3. The other big problem is domestic politics

Midway through yesterday’s finance minister’s meeting, it emerged that Finland’s government was close to collapse, as the second-biggest party, the True Finns, were dead set against handing any extra cash to Greece. There were also extremely hawkish comments coming from the German and Slovakian teams. It’s a reminder that around the Eurozone many countries are simply sick and tired of handing money to Greece. The largely centrist leaders in Spain and Italy, who face upsurgent anti-euro parties back home, are desperate to prove to the electorate that voting in a party like Syriza is the worst thing they could do. The more Greece suffers (preferably with wall-to-wall coverage across the European broadcast media) the more likely their voters are to think twice about voting for Podemos or Beppe Grillo.

This is probably the least edifying element of the crisis at present: in a sense, Greece is being ritually economically tortured in order to safeguard the jobs of politicians on the other side of Europe.

Either way, in order to get a deal, politicians will have to risk losing at least some votes (maybe lots of them) back home. And no politicians like that.

4. Crazy ideas are now mainstream

A few years ago it was forbidden to talk about the possibility that a country could leave the euro. That taboo was overcome a few years ago at the Cannes G20. Now some finance ministers are openly discussing how it would be done. The big story out of yesterday’s eurogroup was that Germany has been throwing around an idea of a temporary Grexit — that Greece could leave the single currency for five years, restructure its debt and re-join when it is in better health. The problem with such an idea is that “temporary” changes in currency regimes almost always turn out to be permanent. Take the UK leaving the ERM in 1992, or leaving the gold standard in 1931, or the US closing the gold window in 1971. All were described as temporary. Many might have even believed that at the time. Ultimately, they were nothing of the sort.

Anyway, what seems more likely is that this plan is a mischievous attempt at brinksmanship. And, even if it never comes to pass, it is going down brilliantly back home with the German electorate [see point 3].

5. The cancellation of the full EU leaders’ summit is neither a good nor a bad thing

There was originally supposed to be a euro leaders and then a full EU summit today — the idea presumably being that if Grexit was indeed likely, the whole of the EU might need to sign off both on that and the consequent humanitarian aid that might be needed. Now the EU summit has been cancelled — mainly because after last night’s nine hour marathon of talks it is clear that there will be no straightforward conclusion from the eurogroup, and hence the leaders won’t simply be coming into town to sign a piece of paper and then leave.

6. Best-case scenario: eurofudge

Of course, the pie-in-the-sky best-case scenario involves Greece getting a deal immediately and going home and successfully implementing it. But a more realistic scenario is probably going to involve a characteristic euro fudge.

The euro finance ministers could agree to begin bailout talks on the pre-condition that Greece implements a number of austerity/reform proposals in the next few days. This would be endorsed by the leaders, unanimously. Then, the European Central Bank confirms that because talks are now ongoing (as opposed to frozen) it can loosen conditions on Greece’s banks (though they won’t open for some time either way). The eurogroup confirms the bailout talks are underway in yet another meeting or teleconference later on this week. Note that there is no longer any hope of getting a full bailout signed off — the best that can be done is to begin formal negotiations for another bailout. All because the last deal expired a couple of weeks ago.

7. Worst-case scenario: eurodisaster

The worst-case scenario for both sides involves Greece leaving the euro. Quite how this happens is anyone’s guess, though Germany’s eurosabbatical paper yesterday underlined that despite the fact that the EU Treaties don’t have a clause to allow it, Grexit is absolutely feasible. It would begin with a breakdown of today’s talks, with a complete split in the eurogroup and euro leaders’ meeting between those who believe Greece’s departure is good news for the euro (Germany, Finland etc) and those who think it would be a disaster (France, Italy etc).

Rather than coming out and waving a piece of paper saying Greece is heading back to the drachma, the process might be more subtle and imperceptible: Athens might be allowed to print its own euro-denominated instruments; it might be allowed to print scrip; it might simply not be allowed to get extra liquidity from the ECB and be forced to nationalise its banks.

But though it might not begin with one big moment of fanfare, a departure would be messy, would provoke a further default by Greece on its debts to the IMF, the ECB and other euro nations. They would be pursued in the courts for decades for some sort of payback. Questions would arise over the future of the single currency. If the remaining members do not commit to big-scale further integration (a single Treasury, fiscal union) they will leave the door open for further departures in the coming years. Markets would plunge, not just in the Eurozone but everywhere around the world. Greece would almost certainly be out of the euro forever, however much the move would be branded initially as temporary.

References:

https://medium.com/@edconwaysky/still-talking-a680366af95f

http://www.zerohedge.com/news/2015-07-12/its-not-possible-reach-deal-today-eu-summit-canceled-european-leader-scramble-keep-d

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BBC producer admits Douma attack was false flag that nearly sparked Russia – U.S. hot war (Video)

The Duran – News in Review – Episode 176.

Alex Christoforou

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BBC producer Riam Dalati believes that the scenes caught on video from a hospital in Douma, Syria were staged, all in an effort driven by jihadist terrorists and White Helmet “activists” to draw the U.S. and its allies into full on confrontation with Syria, and by extension Russia.

The viral images caused a media firestorm in 2018, showing children allegedly suffering from chemicals, as main stream media channels, like the BBC itself, called for war with Assad.

The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss the BBC producer’s stunning admission, after a 6 month investigation, that reveals the “‘chemical attack” hospital scenes in Douma were completely staged.

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Via RT


Emotive scenes of Syrian civilians, among them crying, choking, half-naked children, dominated the airwaves in April last year after rebel-affiliated mouthpieces reported yet another “chemical attack by the Assad regime” in the town of Douma. Disturbing reports, including some from the controversial White Helmets, claimed scores of people had been killed and injured.

Mainstream media quickly picked up the horrific (but unverified) videos from a Douma hospital, where victims were treated after this “poison attack.” That hospital scene was enough to assemble a UN emergency session and prompt the US-led ‘coalition of the willing’ to rain down dozens of missiles on Damascus and other locations.

But Riam Dalati, a reputable BBC producer who has long reported from the Middle East, took the liberty of trying to sift through the fog of the Syrian war.

He believes Assad forces did attack the town, but that the much-publicized hospital scenes were staged.

After almost 6 months of investigations, I can prove without a doubt that the Douma Hospital scene was staged. No fatalities occurred in the hospital.

Anticipating further queries, he said no one from the White Helmets or opposition sources were present in Douma by the time the alleged attack had happened except for one person who was in Damascus.

Dalati also says that an attack “did happen” but that sarin, a weapons-grade nerve agent, was not used. He said, “we’ll have to wait for OPCW [Organization for the Prohibition of Chemical Weapons] to prove chlorine or otherwise.”

However, everything else around the attack was manufactured for maximum effect.

The journalist said Jaysh al-Islam, an Islamist faction that fought the Syrian army there, “ruled Douma with an iron fist. They co-opted activists, doctors and humanitarians with fear and intimidation.”

Dalati’s revelations could have become a bombshell news report, but instead it was met with a deafening media silence. His employer preferred to distance itself from his findings. The BBC told Sputnik in a statement that Dalati was expressing “his personal opinions about some of the video footage that emerged after the attack but has not claimed that the attack did not happen.” 

After a while, Dalati restricted access to his Twitter account which is now open only to confirmed followers.

Interestingly, his previous inputs did not sit well with the official narrative either. “Sick and tired of activists and rebels using corpses of dead children to stage emotive scenes for Western consumption. Then they wonder why some serious journos are questioning part of the narrative,” he said in a tweet which he later deleted over “the breach of editorial policy.”

In all, Dalati is not a lone voice in the wilderness. The Intercept has recently run a story that also cast doubt on the mainstream coverage of Douma, although it doesn’t doubt that the attack itself happened. While a veteran British reporter Robert Fisk suggested there was no gas attack at all, saying people there were suffering from oxygen starvation. Witnesses of the “chemical attack,” for their part, told international investigators the story was a set-up.

Moscow, which supports Damascus in its fight against terrorists, has long stated the Douma incident was staged, calling for an international OPCW inquiry. Last year, the Defense Ministry presented what it said was proof the “provocation” was to trigger Western airstrikes against Syrian government forces.

This time, the military recalled a similar 2017 incident in Khan Sheikhoun, where an alleged chemical attack took place. The ministry’s spokesman Igor Konashenkov said on Friday that a closer inspection of footage from that location clearly shows this was a set-up as well.

Now the Foreign Ministry has suggested Dalati is being silenced for voicing inconvenient views, with spokeswoman Maria Zakharova asking on Facebook: “A telling story. How about Western advocates of rights and freedoms? Had they accused BBC of censorship and pressuring the journalist?”

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President Trump schools liberals with National Emergency declaration

President Trump skillfully defeats Democrat naysayers, by increasing support for the border wall prior to declaring a National Emergency.

Seraphim Hanisch

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President Trump signed a continuing resolution to keep the US government fully running through the rest of the 2019 fiscal year. The CR contained a $1.374 bn allocation for US border security, and that money includes and pays for the completion of some fifty-five miles of border fence (or wall, or barrier, or “not-a-wall” depending on one’s preferential phrasing.) He also declared a National Emergency, theoretically freeing at least another $8 bn for the continued construction of the border wall.

Yes, it is a wall. And, yes, it is being built right now. And yes, it will be completed. The President of the United States has made this abundantly clear.

Some news reporters talk about this matter still as though there is in fact no wall now, and that there is no construction in progress on any wall. To that we can say, please watch this:

This section of the wall is going up near Santa Teresa, New Mexico. It augments a very well-designed 18 foot wall stretching from west of Santa Teresa, NM to Tornillo, Texas. If someone wants to cross the border without having to negotiate this barrier they have to go very far off the beaten path to do it. President Trump wants to make it even more difficult; in fact, he wants to have the barrier run the entire length of the US-Mexico border.

This second video says a bit more about the situation:

His campaign to get this has been brilliant in terms of getting the American people informed that there is a problem. How did he do this with a press that hates him?

Easy. He made an issue out of it, knowing that the news media has no choice but to cover the President’s every antic, and in so doing, while seeking fodder for criticism, they actually ended up reporting on the actual problem.

This has been an interesting flow of events:

  • Mainstream news slamming the President’s every statement about the need for a wall
  • The fury of Democrat leaders Nancy Pelosi and Charles “Chuck” Schumer in their 100% opposition – their own temper tantrum whilst blaming that tantrum on Trump, who actually acted more like a strict parent than a bratty teenager
  • The very public presentations of Border Patrol experts that Trump arranged, the purpose being to listen to their own expert assessment of the actual needs at the border

This last issue marks a need for even the conservative press to have a wake-up call. Daniel Horowitz wrote a piece in The Conservative Review excoriating President Trump’s signing of this present deal as a “sell out”, noting that:

Trump originally demanded $25 billion for the wall. Then he negotiated himself down to $5.6 billion. Democrats balked and only agreed to $1.6 billion. This bill calls it a day at $1.375 billion, enough to construct 55 miles. But it’s worse than that. This bill limits the president’s ability to construct “barriers” to just the Rio Grande Valley sector and only bollard fencing, not concrete walls of any kind.

Daniel’s point is great for rhetoric because, of course, the President originally did promise a big beautiful concrete wall running the entire length of the border.

However, he missed the point about using bollard-style walls that can be seen through – the Border Patrol agents themselves said this kind of wall is to their advantage. A solid wall prevents natural visibility and the agents were getting rocks thrown at them from people they could not see on the other side. A see-through capability means that people approaching the wall on the other side can be seen and tracked.

This marks an example of conservative ideology being too strongly fixed, just as the liberals’ ideology is fixed at the level of a four-year old child refusing to let someone else play with his toys.

They both do not understand that President Trump is not concerned with ideology. He is concerned with useful results, which he got in this deal.

Now about that National Emergency. Is this really the constitutional crisis Trump’s detractors say it is?

Probably not.

It has been widely reported that the US is currently running under some 31 other national emergencies, and that the one President Trump declared makes it number 32. The rhetoric from the news media and Democrats is centered around the idea that no President has ever used this power to get money that only the Congress can allot.

We also probably already know that this is an irrelevant point – the President is in charge of the national security of the nation, and he can and must do what he can to ensure it. The huge numbers of illegal crossings, nearly half a million in 2018 were largely apprehended and released into the United States, rather than deported. Half a million is far less than the 1.6 million that came through in 2000, but it is also not zero. Half a million is the size of the city of Atlanta, Georgia.

The distractors in the Democrat party and media do not want anyone comprehending this fact, so they try to divert and dissuade. But President Trump has not let any of this get past him. In a media event, the President had parents and relatives of people who were murdered by illegal aliens in a direct face-off with none other than CNN’s provocateur-in-chief Jim Acosta, and the reporter was forced to listen to what these family members had to say about their convictions that the president was correct in his:

Trump pointed to angel moms in attendance, asking them for their thoughts.

“You think I’m creating something? Ask these incredible women who lost their daughters and their sons,” Trump said. “OK, Because your question is a very political question because you have an agenda. You’re CNN. You’re fake news.”

Trump told Acosta the statistics he provided were “wrong” and told him to take a look at the federal prison population for proof.

“See how many of them,percentage-wise, are illegal aliens,” Trump said. “Just see, go ahead and see. It’s a fake question.”

Acosta was subsequently confronted by the angel moms in attendance, after the press conference. As angel moms confronted the CNN reporter, he invited them to appear on the network in the background of a live shot.

“There is no attempt whatsoever to diminish what they’ve gone through, or take away what they’ve gone through, but as you heard in that question that I had with the president … it was really about the facts and the data,” Acosta said on CNN following his exchange with Trump. “Some of these folks came up to me right after this press conference … they’re holding up these pictures of loved ones who lost their lives.”

An angel mom then discussed that a previously deported illegal alien murdered her son.

“President Trump is completely correct on this issue, we need to protect this country,” the angel mom told Acosta.

Acosta actually was a victim of his own passions when he went to the border to a place where the bollard wall presently stands and reported that nothing was happening there. It seemed that he was expecting that there were supposed to be angry mobs on the other side trying to get through. However, no one was there, because it is rather pointless to try to get over this wall at this place. Even liberals were forced to acknowledge Mr. Acosta’s strategic miscalculation.

The new national emergency is about getting results. If we were concerned only with smooth and impressive politics, we could only remark on the President’s success in maneuvering the Democrats (not all of them were slavishly going with the Pelosi-Schumer stance) and his ability to do what he does best – getting his message to the American people, and giving them information with which to decide what they want.

This campaign is not over, but this particular battle appears to have been won with a lot of hard work.

Slowly, oh, so slowly, it would seem that the forces of common sense are making some headway in America.

 

 

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“This is America” reveals a shocking vision of the United States

The Grammy Award winning Song and Record of the Year feature the very darkest vision of what America has become.

Seraphim Hanisch

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The Grammy Awards are the second of the three most significant musical achievement awards in the United States. Two of the anticipated awards that many fans of this event look forward to learning are the Song of the Year and the Record of the Year.

The Song of the Year is awarded to the songwriters of a given song, where the Record of the Year goes to the artists, producers and engineers involved in crafting the recording (the “record”) of a song. Both categories are huge and both usually go to an artist or organization responsible for a pop song.

It also happens to be that usually the song that is picked is beautiful and in most cases, reflects the character of beauty (whether in music or lyrics or both) for that year.

This year was quite different. Both awards went to Donald Glover, a.k.a. “Childish Gambino” for his song This is America.

This song features a radically different tone than previous winners going back for many years. Though rap remixes are usually less musical, the Grammy winners among these mixes have nevertheless retained some relatively positive, or at least attractive, aspect.

This is America is very different, especially when watched with its video.

Musically, it is genius, though the genius appears to have gone mad. Glover paints a picture of some very positive segments in American life, but then destroys it with his audible form and message that says absolutely nothing positive, but even more so – it doesn’t make sense unless one knows the context.

That context is revealed in the video with frightening images: someone getting their brains blown out (we see the blood fly), a gospel choir shot up with an automatic rifle while they were singing, and cannabis, front and center, being smoked by the artist himself.

This is America?

For Glover, this song and others on his album do seem to reflect that point of view.  Feels like Summer, one of Glover’s other recent songs, also reflects this sense of hopelessness, though it is far more musically consistent. The video gives the most clear contextual information that one could ask for, and while the video is not violent, it features degradation in society, even though the people depicted appear to be trying to make the best of their life situations.

The image Mr. Glover paints of America is a far cry from that which was known to most Americans only twenty years ago, and in fact, in many parts of the country where cannabis is still illegal there is a corresponding sense of positivity in life that is absent in Childish Gambino’s California-esque view of life.

There is a massive change that is taking place in American society. Our music and art reflects this change, and it sometimes even helps drive that change.

The United States of today is at a crossroads.

How many times have we read or heard THAT statement before?  But does it not seem so now? The attempt of identity politics to separate our nation into groups that must somehow fight for their own relevance against other groups is not the vision of the United States only twenty years ago.

Further, the normalization of themes such as drug-use and racism, the perpetuation of one in reality and the other as a mythological representation of how life “really is” in the US is radically bizarre.

In discussions with people who do not live in the United States, we found that sometimes they believed that white-on-black racism really was happening in America, because the media in the US pumps this information out in a constant stream, often with people like Donald Trump as the scapegoat.

But it is not true. Anyone in America’s new “accused class” of white, Christian, European-descent males (and some women who are not feminists), will note that they are not racist, and in fact, they feel persecuted for their existence under the new mantra of “white privilege.”

But it does not matter what they say. The media pumps the message it wants to, and with such coverage it is easy to get to halfway believing it: I know I am not this way, but I guess things are getting pretty bad elsewhere because all of those people seem to be getting this way…

This is the narrative the press promulgates, but upon conversations with people in “those places” we find that it is not true for them, either, and that they may in fact be thinking this is true about us.

Made in America is a visionary song and video. However, the vision is not a dream; it is nothing that anyone in the country would sincerely hope for. Even in Donald Glover’s case – as one of Hollywood’s hottest actors, and as a big success in music, he is far from being one of the “boys in the ‘hood.” In fact, Time Magazine in 2017 named him one of the world’s 100 most influential people.

Certainly his musical work creates a powerful influence, but it also must raise questions, with the main ones being:

  • Are we really like this?
  • Is this what we really want to be as a country?
  • Is this the kind of image we want our children in the US to adopt?

In fact, if Mr. Glover’s work was viewed with care (rather than just as something that is “cool” because the media says it is), it might help us steer away from the cliff that many Americans are in fact heading towards.

We have elected not to link to the video because it is too disturbing for children. It is even too disturbing for many adults. For that reason we are not making it one-click-easy to get to.

Parents reading this opinion piece would do well to screen the video by themselves without the kids around first, before deciding what they want to do. Even though the video is probably something that they have already seen, the parents still stand as the guides and guardians for their children through all the perils of growing up.

These times call for great guardians indeed.

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