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New IMF Report on Greece Says Projections Are Unrealistically Optimistic
Eric Zuesse
A new IMF report on Greece, issued on Tuesday, July 14th, is titled “AN UPDATE OF IMF STAFF’S PRELIMINARY PUBLIC DEBT SUSTAINABILITY ANALYSIS,” and it says — these are quotations, not paraphrases — in summary:
Greece’s public debt has become highly unsustainable. … The financing need through end-2018 is now estimated at Euro 85 billion. … Greece’s debt can now only be made sustainable through debt relief measures that go far beyond what Europe has been willing to consider so far. … Public debt cannot be assumed to migrate back onto the balance sheet of the private sector at interest rates consistent with debt sustainability until debt is much lower. Greece cannot return to markets anytime soon at interest rates that it can afford. … Medium-term primary surplus target: Greece is expected to maintain primary surpluses for the next several decades of 3.5 percent of GDP. Few countries have managed to do so.
Britain Targets Russian Media
by Stephen Lendman
Britain, America and other Western nations disgracefully consider real news, information and analysis Russian media provide propaganda - in other words, anything exposing their destructive agenda truthfully.
Britain is obstructing Russia's international news agency Rossiya Segodnya (RS). On orders from Whitehall, Barclays bank froze its account unjustifiably without explanation.
RS was founded in December 2013 - incorporating the former RIA Novosti news service and Voice of Russia international radio. In November 2014, RS launched Sputnik News and Radio Sputnik.
Dmitry Kiselyov heads RS. He blasted what happened - calling it "censorship. To close the account of one of the world's leading news agencies…direct(ly) obstruct(s) journalists' work," he said.
LaRouche PAC Intervention in Manhattan Puts Glass-Steagall on the Global Agenda: 'Senator Clinton, Will You Restore It...?'
LaRouche PAC
July 13 (EIRNS)-It was a mere five words, almost inaudible, even in the video, drowned out by intentional applauding by the crowd, yet history has been changed as a result. "Senator Clinton, will you restore Glass-Steagall?" was the call from LaRouche PAC activist Daniel Burke, made repeatedly from the back of the room, as Clinton was ending her "economic policy" speech-a speech entirely devoid of any content-at the New School in New York City this morning.
There were to be no questions allowed. While Burke was quickly escorted out, and Clinton thus saved by the orchestrated crowd noise, the news had already begun to circulate around the globe.
Tsipras Banishing Ministers Opposing his Sellout
by Stephen Lendman
He's governing like a despot. Long knives target opposition ministers. Finance Minister Yanis Varoufakis resigned after being pushed out - replaced by Euclid Tsakalotos, in bed with Troika bandits like Tsipras.
After leaving, he said he's no longer under "incredible pressure to negotiate for a position I find difficult to defend…"
He cited the "complete lack of any democratic scruples (displayed by) the supposed defenders of Europe's democracy. (V)ery powerful figures look you in the eye and say '(y)ou're right in what you're saying, but we're going to crunch you anyway."
Netanyahu and AIPAC Vow to Undermine Iran Nuclear Agreement
by Stephen Lendman
AIPAC is an unregistered foreign agent. It operates illegally and destructively. It deplores peace. It supports wars of aggression and occupation harshness.
Netanyahu is an unindicted war criminal - a hate-mongering racist heading Israel's fascist regime.
In less than so many words, they declared war on today's important agreement - intending to go all out to subvert it.
AIPAC issued a statement, saying it's committed to "ensur(ing) that Iran does not develop nuclear weapons" - despite the whole world knowing it has no intention of doing so and never did.
Choice for Greeks: Rebel, Leave or Starve
by Stephen Lendman
Tsipras and likeminded SYRIZA officials proved they're like all the rest - masquerading as populists, governing like corporate tools, ready to unleash police state harshness against public anger over betrayal at its discretion.
The price for new bailout funding (mostly earmarked to pay bankers, not aid its crippled economy) is loss of Greek sovereignty - surrendering it to Troika bandits, a death blow to democracy's birthplace.
On Monday, modern Greece died. Troika coup d'etat rule replaced its elected government - serving monied interests exclusively at the expense of equity, justice and fundamental human rights.
Khader Adnan Rearrested, Then Released
by Stephen Lendman
Israel's longstanding treatment of Khader Adnan is one of many examples of its viciousness.
His extraordinary courage in the face of Israeli brutality made him a national hero. One day after release following 55 painful hunger striking days for justice, Israeli forces rearrested him - another shocking display of racist persecution all too common against defenseless Palestinians under brutalizing occupation.
Adnan was unjustly imprisoned 10 previous times - held administratively uncharged and untried for political reasons. He committed no crimes.
Life in Donetsk: Resilient Despite Obama's Continuing Proxy War
by Stephen Lendman
Obama's dirty war of aggression using Ukrainian and imported mercenary forces continues against Donbass residents rejecting fascism - wanting democratic rights everyone deserves.
Since conflict began in April 2014, Kiev's junta regime committed major war crimes. Russia's Investigative Committee (IC) is set to submit hard evidence to international courts, according to its spokesman Vladimir Markin.
"All the evidence that we have collected has been included in more than 2,500 volumes of a criminal case. And the Investigative Committee is ready to hand over these materials to any international court," he said. Russia's IC will continue its investigation on whether other junta war crimes were committed. Despite months of devastating conflict, life in Donetsk remains resilient.
The Right-Left Crossfire and the Post Neo-Liberal Left
James Petras
Introduction
The post neo-liberal regimes which flourished in five Latin American countries in the first decade of the 21st century were a product of three inter-related historical processes. The breakdown of the neo-liberal development model, which in turn ignited mass popular movements for radical political-economic transformations; the incapacity of the mass movements to produce a viable alternative worker-peasant based regime; the beginning of a decade long mega commodity boom which provided a huge influx of revenues which allowed the center-left regimes to finance a capitalist recovery, and secure support from the extractive capitalist sector and finance generous increases in wages, salaries and pensions.
Comparing and Contrasting the Class Struggle in Latin America: 2000-2015
James Petras
Introduction
Class conflict is always present, endemic, in Latin America. What changes, over time, is the character of the class struggle. By ‘character’ we mean, the principal classes and leaders, who direct in the struggle, set the political agenda and define the parameters of socio-economic changes.
What is striking about the class struggle in Latin America, over the past decade and a half, is its changing character. Although different forms of class struggle overlap in most periods, one of three forms of class struggle predominates. Though there is no uniform pattern of class struggle throughout Latin America, for analytical purposes, we can identify the predominance of one type or another in different time frames.
We will examine class struggle in four countries, which best illustrate the variety of class struggles, the changes in class struggle and the dominant tendencies in the current period.
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