Akritas Macedonian blog: May 2012

Wednesday, May 30, 2012

Money's Troika goes to the Banks and not to Greece!!!

Its membership in the euro currency union hanging in the balance, Greece continues to receive billions of euros in emergency assistance from a so-called troika of lenders overseeing its bailout.

But almost none of the money is going to the Greek government to pay for vital public services. Instead, it is flowing directly back into the troika’s pockets.

The European bailout of 130 billion euros ($163.4 billion) that was supposed to buy time for Greece is mainly servicing only the interest on the country’s debt — while the Greek economy continues to struggle.

More in the NYT.

Thursday, May 10, 2012

How a Radical Greek Rescue Plan Fell Short

By MARCUS WALKER
10 May 2010
WSJ

ATHENS—Two years after Europe bailed Greece out to protect the euro, the rescue has become a debacle that threatens to unravel the common currency.

After Greece's May 6 elections left pro-bailout parties too weakened to govern the country, more elections are likely in June, with no guarantee a stable government will emerge. By next month, Athens must identify €11.5 billion, or $15 billion, in fresh spending cuts or face suspension of the international loans it needs to pay pensions and run schools. If it doesn't get the money, it would eventually have to print its own.

Greece's growing turmoil is the culmination of a radical austerity experiment and botched economic overhaul that have pushed the nation to the brink of social and political breakdown. The story of the ill-fated bailout suggests that forcing deep austerity on individual member states won't save the euro and may worsen its crisis.

Above all, Greece's example illustrates the...

Wednesday, May 09, 2012

Those Revolting Europeans

By PAUL KRUGMAN

The French are revolting. The Greeks, too. And it’s about time.

Both countries held elections Sunday that were in effect referendums on the current European economic strategy, and in both countries voters turned two thumbs down. It’s far from clear how soon the votes will lead to changes in actual policy, but time is clearly running out for the strategy of recovery through austerity — and that’s a good thing.

Needless to say, that’s not what you heard from the usual suspects in the run-up to the elections. It was actually kind of funny to see the apostles of orthodoxy trying to portray the cautious, mild-mannered François Hollande as a figure of menace. He is “rather dangerous,” declared The Economist, which observed that...

Regarding the Greek debt Crisis....

Greece, a peripheral european state was encouraged to join a badly designed single currency by the rich elite of countries that dominated it. Those countries, having set up borrowing rules for the currency union, were the first to break them and did so with impunity.

Through complacency and inept financial regulation, and lacking good investment opportunities in their own stuttering economies, they then encouraged their banks to lend recklessly to the country on the periphery.

When those investments went sour, the elite governments -influence from Germany- with theirs globalizing neoliberal leadeships, rushed to bail out their banks first by loading up the debtor government with yet more loans to pay them back and then by imposing a foreign overlord to extract repayments through legal force.

We need History Lectures based on FACTS not political motives!

In November 5-8 2009 at the University of Utah in Salt Lake City took place the so-called "7th Macedonian-North American Conference on Macedonian Studies".
Although a number of presenters strictly deal with subjects of the Former Yugoslav Republic of Macedonia, there are politically motivated lectures that attack and disparage the people of Greece, the Greek Cultural identity and as they twist historical facts through their disturbing presentation.
These motivated lectures are influence under the umbrella of the Slavmacedonism [5], a post-modern ultra nationalist ideology.

Read more here.

Modern Macedonian question - What is it all about?

Ancient Macedonia was a Greek kingdom situated in the north end of Greece. It became the most powerful Greek state during the 4th century bc after the decline of Athina (Athens) and Sparta. Under the leadership of King Philippos II and his son Alexandros III (Alexander the Great) the Macedonian army conquered most of the world and created the world's largest empire ever, including South-East Europe, most of Asia and North Africa.
After the death of Alexandros, Macedonia followed the fate of the rest of Greece. It became a Roman province, later a Byzantine province, it was occupied by the Ottoman empire and finally it became part of the indepented Greek state in 1912.
Today a Slavic nation attempts to adopt the history and culture of Macedonia as their own and present themselves to the world as "ethnic Macedonians" and "descedants of ancient Macedonians"
This is a blatant attack against Greece and its world wide respected history.
The FYROM Slavs who claim to be "Macedonians" have no historical, cultural or linguistic relation with ancient Macedonia. They descended into the region not before the 6th cent. A.D. long after ancient Macedonia was homogenized with the rest of Greece. Their 'Republic of Macedonia' occupies less than 10% of ancient Macedonia.
Therefore their claim on ancient Macedonia's name, history, culture and symbols can not be justified.

Aegean Macedonia.........

is a FYROMacedonian Slav nationalist term used to refer to the region of Macedonia in Greece, in the context of a United Macedonia.
The origins of the term seem to be rooted in the 1940s but its modern usage is widely considered ambiguous and irredentist.
The term has occasionally appeared on maps circulated in the FYROM, which envisioned Greek Macedonia (referred to as "Aegean Macedonia") as part of a "Greater Macedonia", and is regarded as a challenge of of the legitimacy of Greek sovereignity over the area.

Akritas Macedonian blog