Aug 022012


StopCartel TV broadcasts live from Athens, Greece weeknights @ 6 pm Athens time. The following post is a loose transcript of the August 1, 2012 broadcast. 

By greydogg and snake arbusto, 99GetSmart

– From the Department of Political Theater: Greek Prime Minister Antonis Samaras met with his co-conspirators, PASOK’s Evangelos Venizelos and Democratic Left’s Fotis Kouvelis, on Wednesday to ‘discuss’ the timeline for the cuts demanded by the Troika. The real purpose of this meeting was to mislead the Greek people and to promote the government’s propaganda

Venizelos and Kouvelis played the role of the ‘good cops’, going into the meeting with ‘strong objections’ to implementing all of the cuts now. Venizelos has been particularly vocal about renegotiating the terms of the Faustian pact in the days leading up to the meeting.

Samaras, however, insisted that the government-of-the-regime needs to regain the trust of the Troika by fulfilling the terms of the Memorandum immediately. Samaras seems to think that sending the country into a death spiral by privatizing public assets for pennies on the euro will somehow put Greece in a stronger position to negotiate with the Troika.

From ekathimerini:

“The Prime Minister recommended that we should accept the reduction of public spending by 11.5 billion euros as a necessary prerequisite for Greece remaining in the Eurozone and being able to negotiate further,” said Stournaras after leaving the meeting. “This recommendation was accepted.”

Stournaras said that negotiations with the Troika would “begin” and that the details of the savings would be agreed by the end of August. Venizelos indicated that he had grudgingly given his support to the position adopted by the Prime Minister and Finance Minister.

“If the Prime Minister believes that immediately making 11.5 billion euros in savings is the only way to secure the country’s position in the Eurozone, I am obliged to support him,” he said, adding there was no point in sticking to his strategy anymore. “When we cannot agree on a domestic level, it is futile to pursue something on the international level.”


– Minas Hatzidakis, an unemployed father of seven, was arrested today in Iraklio, Greece for a debt of 5,000€ ‘owed’ to the government. Greek law requires small businesses to be registered with a government treasury in order to maintain a business license. A mandatory monthly payment of 450€, regardless of monthly income, is also required to cover health insurance and to provide for a small pension. Hatzidakis had closed down his small company a year ago due to the financial crisis. But the payments are considered due and he was arrested for his debt. Hatzidakis is president of a civic solidarity movement named for St. Catherine.


– Out of Berlin – Germany has the dubious distinction of being one of the main sources of anti-Greek propaganda. According to the recent threats coming from the general direction of Germany, Greece has no choice but to exit the Eurozone and Germany needs to withdraw it’s ‘support’ from Greece.

Just to be clear, what the Germans are calling ‘support’ really means ‘huge profits for Germany’ from the interest they are making off the ‘loans’ to Greece.

In a 6 March 2012 article entitled “Berlin Earned 380€ Million in Interest on Loans To Greece,” Keep Talking Greece reports: 

“Germany earned 380 million euros ($502.83 million) in interest on the loans it paid to Greece under the first bailout for the debt-strapped country, according to Finance Ministry documents obtained by Reuters.

Berlin’s contribution to the 2010 rescue package for Greece amounted to 15.17 billion euros, on which the Greek government paid interest ranging between 3.423 and 4.528 percent.

As of the end of 2011, Germany had earned 380 million euros on the loans. News of the windfall may help quell some of the mounting public frustration at having to help struggling Greece, portrayed by some in Germany as a “bottomless pit.”


– A new emergency tax bill will be delivered to Greeks in the next few days, attached to their electricity bills. If you cannot pay the bill, whether it’s due to lack of funds or in an act of protest, the result is the same. The electricity to your house will be cut off.

Currently, thousands of Greek homes are without electricity and/or water. It’s impossible to think that policies resulting in third-world conditions will put Greece on the road to economic recovery.


– “A near-bankrupt Greece is fast running out of cash while it waits for its next installment of aid from international lenders,” a deputy Finance Minister said on Tuesday, sounding the alarm on the country’s precarious financial position.

Greece’s European partners have repeatedly promised the country will be funded through August, when it must repay a 3.2 billion euro bond, but the details of the funding have yet to be disclosed.

In the absence of that money, Greece would run out of funds to pay everyday public expenses ranging from police and other public-service wages to pensions and social benefits.

“Cash reserves are almost zero. It is risky to say until when (they will last) as it always depends on the budget execution, revenues and expenditure,” Deputy Finance Minister Christos Staikouras told state NET television.


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