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COLLAPSING WESTERN FINANCIAL SYSTEMG

July 5th, 2015

LaRouche

Greece's Creditors Go for Blood June 25 (EIRNS)-It is clear that a decision has been made to go for blood to destroy the Greek government of Prime Minister Alexis Tsipras. The issue is not the cuts, but the debt and Greece's relationship with the BRICS.

The Eurogroup meeting on June 24 of the euro area finance ministers began 25minutes after midnight and broke up 90 minutes later with the EU throwing Greece's proposals, which were all marked up in red ink, back into Tsipras's face, a point revealed particularly in the British press led by The Times.

On top of the list of rejections were, of course, Greece's demands on the debt,which were rejected out of hand. The creditors all but rejected Greece's tax proposals, again insisting on the cuts in the pension system, and across-the-board increases in the value-added tax (VAT), which affects the poor the most. Meanwhile, Juncker is meeting with former Prime Minister Antonis Samaras, who is heading to Brussels for a meeting of the European People's Party (the center- right group of some 77 parties), where he just might present a "proposal" about which he spoke to the Greek media, to form a transitional government that would implement the demands of the creditors.

The Greek media are otherwise filled with anti-creditor headlines: "The Europeof Shame" reads the headline in To Pontiki; "Germans' Coup d'Etat To Bring Tsipras Down," Kontra TV channel claims; "D-Day Europe Decides on Its Future," says Syriza's Avgi; "Battle for the Debt," reads Ethnos; and Ta Nea reports, "Tsipras Does Not Take a Step Back on Debt."

While there was speculation that the European summit would discuss the Greekissue, that has been denied with the claim that only after the technical talks come to an agreement will it be discussed, which is another slap in the face of the Greeks, who are demanding a compromise and statement on the debt at the political level.

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