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Why a NO vote in the Referendum is a Yes for a proud Greece in a Decent Europe - Talking with Phillip Adams, on LNL ABC Radio National


Late Night Live has been a daily companion of mine since 1989. Phillip Adams, its presenter, is someone I consider a friend (he, in fact, interviewed me in 1991 on the… Greek crisis!). 25 more words


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Why Yanis Varoufakis recommends a NO in the referendum – in 6 short bullet points

1) Negotiations have stalled because Greece’s creditors (a) refused to reduce our un-payable public debt and (b) insisted that it should be repaid ‘parametrically’ by the weakest members of our society, their children and their grandchildren.

2) The IMF, the United States’ government, many other governments around the globe, and most independent economists believe — along with us — that the debt must be restructured.

3) The Eurogroup had previously (November 2012) conceded that the debt ought to be restructured but is refusing to commit to a debt restructure.

4) Since the announcement of the referendum, official Europe has sent signals that they are ready to discuss debt restructuring. These signals show that official Europe too would vote NO on its own ‘final’ offer.

5) Greece will stay in the euro.  Deposits in Greece’s banks are safe.  Creditors have chosen the strategy of blackmail based on bank closures. The current impasse is due to this choice by the creditors and not by the Greek government discontinuing the negotiations or any Greek thoughts of Grexit and devaluation. Greece’s place in the Eurozone and in the European Union is non-negotiable.

6) The future demands a proud Greece within the Eurozone and at the heart of Europe. This future demands that Greeks say a big NO on Sunday, that we stay in the Euro Area, and that, with the power vested upon us by that NO, we renegotiate Greece’s public debt as well as the distribution of burdens between the haves and the have nots.

Below, Yanis Varoufakis talking with Phillip Adams, on LNL ABC Radio National ...

An anti-austerity rally in front of the parliament building in Athens, Greece

Protesters attend an anti-austerity rally in front of the parliament building in Athens, Greece.


Bandhan to launch bank on August 23 - Focus on SME / MSME

The country’s top microfinance group Bandhan Financial Services has received the final approval from RBI to start its bank and expects to start operations from August 23, it said on Wednesday. 355 more words

Zambia: Chikwanda says 2015 budget deficit balloons to K20 billion, will borrow more to plug the hole

Story from the Lusaka Times Website
Finance Minister Alexander Chikwanda has disclosed that the 2015 budget deficit has ballooned from a projected K 8.5 billion to a staggering K 20 billion in the first six months of the year. 31 more words


Travel, eating out to cost more...

Eating out, mobile phone usage and air & rail travel have become expensive from today with the government hiking service tax rate to 14 per cent. 260 more words

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