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Greece's economy continues its collapse, as the IMF blames the EU
This morning's key headlines from GenerationalDynamics.com
It was just two days ago that the brand new prime minister of Pakistan, Nawaz Sharif, said that the U.S. must call off its drone campaign:
"We respect the sovereignty of others and they should respect our sovereignty and independence. This campaign must come to an end now."
He has also criticized the drone strike that killed Waliur Rehman, the second in command in Tehrik-e-Taliban Pakistan (TTP), the Pakistan Taliban, two weeks ago.
On Friday, the U.S. apparently snubbed Sharif's call by launching a drone that fired two missiles at suspected militants in Waziristan in Pakistan's tribal region, killing seven and injuring three others. The new drone strike is sure to become a major political issue in Pakistan, and widen an existing fault line between the politicians, who oppose the drone strikes, and the Pakistan intelligence agencies, which favor them. Tribune (Pakistan) and VOA
There was a bit of humor on Friday, when Russia's president Vladimir Putin offered Russian troops to replace the Austrian troops that are pulling out of the peacekeeping force on the border between Syria and Israel because it's become too dangerous there, as we reported yesterday.
Having Russian troops on the border between Syria and Israel would be such a great idea. They're already in Syria helping out president Bashar al-Assad massacre innocent civilians, and in their new role they could join Hezbollah in more slaughter.
Unfortunately for Putin, the United Nations rejected the offer because an agreement between Israel and Syria bars permanent members of the Security Council from the peacekeeping mission. Reuters and Debka
Greece's economy contracted an astronomical 5.6% in the first quarter of 2013, in the 19th straight quarter of decline, according to a report issued on Friday. The entire Greece bailout program was based on the assumption that Greece's economy would have started to grow long before now, and there have been predictions of "growth next year" for several years. In fact, Greece's prime minister Antonis Samaras is predicting growth in 2014, as part of his standard ritual.
The finger-pointing is in full gear. The International Monetary Fund (IMF) issued a report on Thursday blaming the European Union for not questioning Greece's lies about its economy when in joined the euro currency, and then mis-handling the bailout. In response, EU Economic and Monetary Affairs Commissioner Olli Rehn hit back calling that revisionist history. He said: "I don’t think it’s fair and just that (the IMF) is trying to wash its hands and throw dirty water on European shoulders," saying that the IMF did not oppose any of the bailout steps that were taken. In fact, I said repeatedly that there was no solution to the Greece problem, and there were others who also expressed doubts. I pointed out misrepresentations and outright lies by European officials during the various meetings to approve bailouts.
Now crunch time is getting closer. Greece needs another bailout payment by the end of this month to avoid bankruptcy, and the lies aren't working that well any more. Euro News and Greek Reporter and IMF report on Greece (PDF)
(Comments: For reader comments, questions and discussion, see the 8-Jun-13 World View -- U.S. snubs Pakistan with new drone strikes in Waziristan thread of the Generational Dynamics forum. Comments may be
posted anonymously.)
(8-Jun-2013)
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