Tsipras: ‘Debt Will Be On the Table’

In his statement yesterday after the referendum, Greek Prime Minister Alexis Tsipras made clear the nation has achieved a victory, is united and ready to take up the real issue, the debt. On Monday, July 6,  Tspiras and his Defense Minister Panos Kammenos, of the Independent Greeks, held a meeting with opposition party leaders to seek support for a debt agreement.  Tsipras’s statement said in part:

“Today, all of us have written a bright spot into the pages of modern European history…”Given the adverse conditions that prevailed last week, you made a very brave choice today. However, I am fully aware that the mandate you’ve given me is not to break with Europe, but rather to strengthen our bargaining power to achieve a sustainable agreement. With social justice, with prospects for our future and an end to the vicious cycle of austerity…

“The Greek people answered the question: What kind of Europe do we want? Their brave reply: we want a Europe of solidarity and democracy.

“Starting tomorrow, Greece will be at the negotiating table. Our immediate priority is to quickly restore our banking system’s functioning and our economic stability….

“Now, too, the issue of our debt will be on the negotiating table in light of the IMF’s recent report on its sustainability. This report wasn’t introduced earlier; it was absent from the negotiations until the day before yesterday. It confirms the Greek position that debt restructuring is necessary to reach a final sustainable solution to end the crisis, both for Greece and for the Europe.”

Greek Defense Minister and leader of coalition partner, Independent Greeks, Panos Kammenos issued a statement saying, “The Greek people have proven that they cannot be blackmailed, terrorized, and threatened.”

On Monday morning, July 6, Tsipras and Kammenos convened a meeting at the office of President Prokopis Pavlopoulos of all party leaders except the fascist Golden Dawn. These included New Democracy temporary leader Evangelos Meimarakis (following the resignation of Antonis Samaras), To Potami leader Stavros Theodorakis, Communist Party (KKE ) Secretary General Dimitris Koutsoumbas, and Pasok leader Fofi Gennimata.

Following six hours of meetings, all parties present except the Communist Party, signed a statement in support of the government effort to reach a deal on Greece’s debt, which reads in part:

“The recent verdict of the Greek people does not comprise a mandate of rupture, but a mandate for continuing and strengthening the effort of achieving a socially just and economically sustainable agreement. Towards this direction, the government assumes the responsibility of continuing the negotiations. And each political leader will contribute, respectively, within the framework of his/her institutional and political role.”

The “common goal” they agreed to includes securing sufficient financing for Greece, a strong growth program to combat unemployment, and finally, a meaningful discussion to deal with Greece’s debt sustainability.

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LaRouche: To Save the Trans-Atlantic Region, Implement FDR’s Glass Steagall Now

Lyndon LaRouche today responded to Sunday’s landslide rejection by Greek voters of the Troika’s genocidal austerity program, by clearly spelling out how the United States can play a decisive role in solving the otherwise irreversible collapse of the entire British-run trans-Atlantic financial system.

LaRouche called for the United States to immediately adopt a return to President Franklin Delano Roosevelt’s original Glass Steagall policy. The United States, LaRouche declared, should set the example for Europe, by immediately reinstating FDR’s Glass Steagall.

“The U.S. should solve the problem of the European mess, starting with the mess in Britain, by a Glass Steagall reorganization, clearing out the oversized and useless debt. Cancel all the debt with no intrinsic value, by going back to President Franklin Roosevelt’s successful model. Only by such a debt cancellation can there be any prospect of a longterm recovery, in real physical economic terms.”

In his weekly live broadcast dialogue with LaRouchePAC’s Policy Committee, on July 6, LaRouche elaborated on his call for immediate Glass Steagall.

“What has happened, as a result of the Greek operations during yesterday and today, has created a situation in which… Europe, most nations in Europe, and also the United States. are implicitly bankrupt. This is number one.”Now what I mean on number one, on the bankruptcy, is that Wall Street in particular, and everything that coordinates with Wall Street, is now actually worthless. That will be shown in due course, that we hope we can get this thing under control. What this means, we have to go to a Glass-Steagall action. The only way we can do this, is a Glass-Steagall action. That means, in the trans-Atlantic region, I’m talking about right now the trans-Atlantic region: The situation is that the United States in particular is in a collapse. That is, Wall Street and the things which are associated with Wall Street, are now actually worthless, which means a great amount of what is called money, among the business community, especially the financial business community, is worthless, and it is going to be very difficult for Wall Street and President Obama, both, to try to cover things over in this matter.

“Now the other side of this situation is, that it is perfectly possible for us in the United States itself, and with cooperation with certain circles in Europe and elsewhere, we’re quite capable of solving the problem. And the solution is obviously, Glass-Steagall, Franklin Roosevelt’s own Glass-Steagall. That is essentially the key thing.

“And the only way that the United States and the people of the United States could possibly escape from a general breakdown of the financial system of the United States, is to go back to Glass-Steagall. That would mean we would simply cancel most of everything that’s called Wall Street, or anything like it; just cancel it. It’s rubbish. It has no intrinsic value.

“And therefore we have to go back to Franklin Roosevelt’s policies in order to save the United States economy. Now, it’s going to be a tough row to hoe, because we have very poor skills available in the U.S. population. The productive power of labor, in the United States’ population, has collapsed to a great degree…

“We see that, when people say, ‘well, some people are poor, they’re not worth keeping.’ Well, that’s not the problem, that’s not the truth of the matter. What they’re trying to do is kill off people, as in the case of California. What’s happening in California, is actually an intentional determination, to kill off as many people in California and adjoining areas as possible. That’s what the policy is; that’s plain talk, no beating around the Bush. And the Governor of California is one of the leaders, who is leading toward a campaign for mass-slaughter of people in California and adjoining areas. That’s the reality!

“However, if we go to Glass-Steagall, Franklin Roosevelt’s Glass-Steagall, with means which I’m fully aware of as feasible, we can prevent that. But the key thing now that’s driving it, is the fact that the European economy is going into a spin, downward, and this includes the British system itself, and it means other areas.”

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LPAC 4 Laws Class 1 – Glass Steagall

Published on Aug 3, 2014

Please, Join The Cause and Sign the BRICS Petition Here:
http://larouchepac.nationbuilder.com/… The U.S. and Europe Must Have the Courage to Reject Geopolitics and Collaborate with the BRICS
Put this link on your sites pages and everywhere else that you can think of, thank you ! Following Below Are Some Of The Best Documentaries Ever Produced By The Larouche Movement. Every Citizen Should Better Watch Them Closely & Spread Them Like Wild Fire !

1.) Firewall:In Defense Of The Nation State
http://www.youtube.com/watch?v=vho6b4…
2.) 1932 – A True History of the United States http://www.youtube.com/watch?v=rrlVdp…
3.) Glass-Steagall, The Complete Story… http://youtu.be/K-BqZNJ9rnU
4.) – The New Dark Age – http://www.youtube.com/watch?v=Zbs_DA…
5.) The Harvard Yard: Fraud of Modern Education http://www.youtube.com/watch?v=jUwGov…
6.) LaRouche Classroom: How to Think to Save The Economy http://www.youtube.com/watch?v=AD78r8…
7.) Ecosystems – A Genocidal Fraud http://vimeo.com/35625476
8.) Plato Versus Aristotle – Economy and Philosophy https://www.youtube.com/watch?v=6zMgs…

For more go to:
http://www.youtube.com/user/LaRouches…
http://www.facebook.com/LaRouchePAC
http://larouchepac.com
Your Help Is Needed Please show your support by contributing today: http://larouchepac.nationbuilder.com/…
Look at it as an Investment for your own Future.., which it undoubtedly is..

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LPAC Policy Committee – Glass-Steagall is about to save the world

The Greek People show a resistance that, so far, no other nation has been able to muster. As a chorus they sung, “NO!” as an entire nation. Now, what will be the outcome? Will nations return to their own currency and leave Wall Street and the City of London in the dust? Join us for a special show at 1pm Eastern.

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Russian Media Highlights Schiller Institute BRICS Petition

Sputnik News, along with Russian language Pravda.ru, has highlighted the Schiller Institute’s petition calling on the US and European Union to join with the BRICS countries in abandoning geopolitics and joining in the new paradigm of “win-win” economic development. The article prominently featured an interview with Helga Zepp-LaRouche, founder and chair of the Schiller Institute, who identified the two grave threats to world stability: the collapse of the trans-Atlantic financial system and the danger of thermonuclear war, stemming from US and NATO provocations against Russia and China.

Read the Sputnik News Article here.

And, if you haven’t yet signed the petition, please do so. Thanks.

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Greeks Say “No, There’s a Limit to the Tyrant’s Power!” Now What are We Going To Do?

https://larouchepac.com/sites/default/files/20150705-greek-tyrant.pdf

Despite a campaign of terror and blackmail against them, on Sunday, July 5, the Greek people voted by a margin of over 61% to less than 39%, not to submit to the tyrant Zeus’s power, not to willingly submit to genocidal austerity based upon an illegitimate debt imposed upon it fraudulently, as demanded by the British Empire. Their vote of “No” is a resounding “Yes” to a future, not just for Greeks, but for humanity, however uncertain that future may be at the moment.

As Lyndon LaRouche stressed upon hearing the results of the vote, this vote will not have consequences just for Greece. The vote has consequences for the world, and especially for the Trans-Atlantic region.

The question is, what is Obama going to do? This vote will have consequences for Obama, because he is a mere stooge of the British Empire and of Wall Street, both of which will be hit hard by the Greek vote.

In Germany, German Chancellor Angela Merkel and German Finance Minister Wolfgang Schaeuble are in deep trouble. The German economy has been plunging down. Any sane German will come to one conclusion—dump Merkel and Schaeuble. From the standpoint of the German economy, no other sane conclusion exists. Germany is virtually the sole remaining producing nation in Europe. If Germany doesn’t want to commit suicide, it has no other alternative but to dump Merkel and Schaeuble now. They are not expenses Germany can continue to carry. The German economy is already in free-fall. How long will Germany survive under its current misleadership?

And for that matter, how long will the United States survive under Obama’s misleadership?

LaRouche stressed that we can expect sudden changes globally immediately ahead. There will be an instinct to punish Greece for not losing.

The changes will be global in nature, hitting primarily the TransAtlantic region. Be prepared for all Hell to break out. On July 7, The BRICS (Brazil, Russia, India, China, South Africa) New Development Bank will be officially launched. On July 8-9, the BRICS nations will be meeting Ufa, Russia. Will the British Empire’s stooges attempt to force Greece out of the Eurozone? If so, will Greece join the BRICS? Or will an attempt be made to try to keep Greece in the Eurozone? Either way, the issue is not Greece per se. The issue is the bankruptcy of the Trans-Atlantic region as a whole. As LaRouche stressed, there is no single solution, but rather there is a set of complications. There will be a global effect. The real markets are not limited by any means to Europe. Financial activities are global in nature.

Therefore, the crisis has to be looked at not from the bottom up, but rather from the top down. To do so, you have to extract yourself from your local surroundings. We are facing a global crisis, not a local one. Even a write-down of the Greek debt alone would not solve the crisis.

As LaRouche has said, what is required is to reimpose Franklin Roosevelt’s Glass Steagall legislation in the United States and globally.

As LaRouche emphasized, absolutely nothing is fixed. Everything you count on could vanish in days. The whole world could be turned upside-down.

Therefore, the approach that must be taken is to go for the center of the action. Start from the galactic center. You must look at the planet as a whole, under galactic implications. You have to understand man’s existence from that standpoint. Processes which govern the galaxy determine everything. You must go from the whole to the particular, not from the particular to the whole. The galaxy has manifold considerations, which mankind thus far only appreciates to a limited degree.

The word from the mouth of Satan is “be practical,” when in fact what is actually needed is to be creative!

We know more and more of the dimensions of the problems to be solved. As we explore those dimensions, we become more qualified to correctly address the problems humanity is facing. To do this, you must develop yourselves to have sufficient competence to make decisions on a global scale.

This is the importance of classical music. The way you have to think at a moment of global crisis, such as we are now confronting, is from the standpoint of classical music. The classical musical principle is never located in the mere notes as such. It is a question of placement. The truly great classical composer places his identity, as Beethoven did, in a personal mission to improve the human condition, by elevating the human mind to be in harmony with the musical principle of the world, to be in concordance with the creative principle of the galaxy.

SUPPORTING MATERIAL

Greek ‘Oxi’ Landslide

With 100% of the votes reported counted, the ‘Oxi!’ vote in the Greek referendum against acceptance of the Troika austerity policy has won by a 61.31% to 38.69% landslide, thus rejecting the genocidal policy of the British Empire imposed upon the Greek people by the EU, ECB and IMF.

The Greek people thus overwhelmingly rejected the Zeusian terrorism of the Troika, a move which sets an example for others throughout the world. Zeus is not invincible.

Now the question is, what will follow?

Prime Minister Alexis Tsipras reportedly placed phone calls to French President Francois Hollande and European Central Bank president Mario Draghi.

Meanwhile, it was announced that German Chancellor Angela Merkel plans to go to France on Monday to meet with Hollande. Bloomberg News also reports that Merkel and Hollande have called for a summit of Euro area leaders. Eurogroup spokesman said there are no plans for an emergency summit of eurozone finance ministers on Monday.

Greek Finance Minister Varoufakis is conferring with the country’s bankers over what to demand next from the European Central Bank, a ministry spokesman has confirmed. The Bank of Greece will file a request on Sunday to the European Central Bank to raise the amount of emergency funding (ELA) for Greek banks, Gabriel Sakellaridis, a government spokesman, said.

In Greece, Dora Bakoyannis, a member of the Greek New Democracy party, which had supported austerity measures in the country, demanded on Sunday the resignation of their party’s leader, Antonis Samaras, which resignation consequently happened.

France’s economics minister, Emmanuel Macron, had warned against Europe having another “Treaty of Versailles” moment with Greece, should they vote ‘No.’ President of the European Parliament, German Martin Schulz, on the other hand, had said that Greeks could no longer use the euro if the majority voted ‘No.’

He asked: “Is Greece still in the euro after this referendum… That is certainly the case, but if they say no they will have to introduce another currency after the referendum because the euro is not available as a means of payment.”

Along the same lines, German Economy Minister Sigmar Gabriel told the Tagesspiegel daily, “The last bridges on which Greece and Europe could have moved towards a compromise have been torn down” by Greek PM Alexis Tsipras’s Sunday referendum.

Having rejected the rules of the eurozone, Greece has made talks on a new bailout program “barely conceivable,” the minister, who is also the leader of Germanys Social Democrats (SPD) party, said. With Tsipras’s government, the country is en route to “bitter abandonment and hopelessness,” Gabriel added.

Following the vote’s results being released, Marine Le Pen, the leader of France’s National Front party, welcomed the results as a victory “against the oligarchy of the European Union.”

Tsipras Statement after Voting on July 5th

Greek Prime Minister Alexis Tsipras issued the following statement after voting in the July 5th referendum:

Many people can ignore the will of a government. But no one can ignore the will of a people.Today is a day of celebration because democracy is a cause to celebrate, to be joyful. And when democracy conquers fear and blackmail, then it also leads to redemption, and a way forward.

Today, the Greek people send a very powerful message. A message of dignity, of determination. A message that they are taking control of their choices. Many may try to ignore the will of a government. But no one can ignore the will of a people who are seeking to live with dignity, to live life on their own terms.

Today, democracy trumps fear. Our people’s determination trumps fear. I am confident that tomorrow we will set a new course for all the peoples of Europe. One that will return us to Europe’s founding values of democracy and solidarity, and will send a strong message that we are determined not only to remain in Europe but to also live with dignity in Europe. To prosper, to work as equals among equals.

Let us, then, take a decisive stand in support of democracy—for a better future for all of us, in Greece and Europe.

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The World Looks to Greece

On the verge of today’s historic referendum in Greece, we offer some updates on the situation.

Greek Prime Minister Alexis Tsipras made some very pointed remarks to the Greek citizenry over the weekend, where he very accurately conveyed the significance of the Greek crisis, as one between the ancient oligarchical Zeus, and the concept of Justice.

Related developments signify the correctness of this analysis, as the Brits could hardly contain their braggadocio, by bragging about their plans to topple the government. The Greek government is the last to take the negative potentials seriously, however, placing their economy on a war footing, ready for any exigency.

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Tsipras Compares Troika to Zeus, Fights with the Weapon of Justice

A huge demonstration in support of the Greek government’s call for a No vote in the Sunday, July 5 referendum took place in Syntagma Square in front of the Greek Parliament. Police estimated there were at least 50,000, but photographs show that demonstrators filled the entire square, which holds anywhere between 100-500,000 people. In any case it was the largest demonstration in four or five years, and unlike previous ones, this was in support of the government.

The Greek Prime Minister Alexis Tsipras has posted on his website the powerful speech he delivered at the No rally. He begins by declaring that the referendum is a celebration of democracy in the face of blackmail and ultimatums. Excerpts below:

“Today we are not protesting, today we are not demonstrating—today we are celebrating. Today we are celebrating democracy. Democracy is cause for celebration, democracy is cause for joy; democracy is liberation, democracy is a solution. And today we are celebrating democracy’s victory. No matter what happens on Monday, we have already won. Greece has sent a message dignity, a message of pride. Nobody can ignore this passion, nobody can ignore this desire for life, the desire for hope, the desire for optimism. Today we are celebrating because of our courage and determination to take our destiny into our own hands, to give the Greek people the opportunity to express their will. Today are we celebrating and singing. We are celebrating and singing, overcoming fear, overcoming blackmail.”The Europe that we knew, the Europe that stands for its founding values, doesn’t involve blackmail and ultimatums. And today, at this hour, all of Europe has its eyes on you, on the Greek people, on the 3 million who are poor, on the 1.5 million who are unemployed. Today, the entire planet has its eyes on Syntagma Square, on the small and large squares across our country. In the birthplace of democracy, we are giving democracy the chance to return … on Sunday, we are not deciding about staying in Europe. We are deciding about living with dignity in Europe, working and prospering in Europe. For all of us to be equal in Europe. And believe me, no one has the right to threaten us that they will cut Greece off from its natural, geographical home. No one has the right to threaten, to divide Europe. Greece, our country, was, is and will remain the cradle of European civilization….”

Then referring to the Troika, Tsipras went on, “According to mythology, it was from this very place that Zeus abducted Europe. It is from this very place that the austerity technocrats want to abduct Europe again.

“NO. We tell them NO on Sunday. We will not leave Europe in the hands of those who want to abduct it from its democratic tradition….”The Greek people, many times over the course of history, have proven that they know how to reject ultimatums. Ultimatums are sometimes rejected. The most glorious pages in the history of this country and this people, were pages of bravery and integrity. I call on you to inscribe with us, once again, on these pages; these historic moments of dignity and freedom. I call on you on Sunday to say, once again, a big and proud NO to ultimatums. To turn your back on those who terrorize you daily.

“And on Monday, whatever the outcome of the democratic process, the people’s verdict that some were afraid of and did not want, that some wanted to hinder the process, whatever the result, we will also say an absolute NO to being divided. Regardless of Sunday’s decision, on Monday the Greek people will have absolutely nothing dividing them. Together we will fight to rebuild Greece, to make it better than the one created during the past five years of destruction.

“I urge you to ignore the sirens that are blaring, the sirens of terror. To decide based on logic, and on your heart. To decide calmly and with determination. To decide in favor of a proud Greece in a democratic Europe. For a nation, a small nation which is fighting without swords and bullets. But is fighting with the most powerful weapon that exist on earth: Justice. We have justice on our side. We have justice on our side. We will win. Nobody can ignore this. Nobody can ignore that we have justice on our side….

“Freedom requires integrity and bravery. We, you, all of us have both integrity and bravery. And we are free. We breathe the air of freedom. Whatever happens, we are the winners. We will be the winners. Greece won. Democracy won. The blackmail and threats were defeated. Be strong. Go proudly. With dignity. Our ‘NO’ will make history. Our people will move forward. For Greece, for a Europe of democracy and solidarity.”

There was also a Yes rally which was apparently considerably smaller.

Greece Prepares War Economy

If the Greek government is serious about standing up to the Troika’s genocidal policies, they have to start planning for a war economy in terms of the physical economic requirements that they have to secure, since they can expect to be totally blockaded by the bankrupt and desperate trans-Atlantic system. It appears that that is exactly what the Tsipras government is doing.

In a discussion with Britain’s Daily Telegraph, Finance Minister Yanis Varoufakis said, “Luckily we have six months stocks of oil and four months stocks of pharmaceuticals,” according to a July 3 column by Ambrose Evans-Pritchard, who, it turns out, is currently in Athens. Evans-Pritchard adds that “Mr. Varoufakis said a special five-man committee from the Greek treasury, the Bank of Greece, the trade unions and the private banks is working feverishly in a ‘war room’ near his office, allocating precious reserves for top priorities.” Food imports have so far been exempted from the import freeze which has been put in place along with capital controls.

Not mentioned in the article is the fact that the intense discussions between Greece and the BRICS, especially Russia, over recent weeks, assuredly include the issue of how Greece can obtain required physical-economic inputs for their economy, under conditions of economic warfare.

Evans-Pritchard otherwise states the obvious: “The crisis is likely to escalate fast if there is no resolution early next week,” i.e. if the No vote wins in the July 5 referendum. Already the liquidity shortage is so acute that companies have begun to issue scrip to their workers and vendors, to keep the economy alive. If the Yes vote wins, then the Syriza government is “expected” to fall, and the ECB “is expected to restore emergency liquidity for the Greek banking system almost immediately.” But Varoufakis warned that the Troika needs to think twice about pushing Greece over the edge, since the ECB has lent Greece about EU120 billion in ELA and Target 2 money: “They are very vulnerable. Target 2 becomes a real loss if a country leaves the euro.” Although Varoufakis’s remarks fall short of LaRouche’s insistence that it is the entire euro system which is bankrupt, and not Greece, it does at least point to the euro system’s vulnerability.

Allister Heath, also writing in the July 3 Telegraph, lays out the scenario succinctly. If the Yes vote wins, the ECB will bail Greece out again. If the No vote wins,

“depositors would have to be bailed in, wiping out a large chunk of their wealth but recapitalizing financial institutions. The only other alternative would be for the Greek state to introduce IOUs and then a new physical currency, while re-denominating all Greek bank accounts into drachmas. The national debt, which is owed in euros, would explicitly be repudiated, triggering a major crisis and inflicting vast losses on the European Central Bank, IMF and other creditors.”

Brits Openly Trying To Topple Greeks

Jeremy Warner, the assistant editor of the British Daily Telegraph, lets it all hang out in a foaming-at-the-mouth article on July 3:

“There can be no possibility of another bailout as long as the buffoons that pass for a government in Greece remain in power…. Many of Syriza’s supporters believe that the hated Troika is out to overthrow a legitimately elected administration. Shocking, and also true. That’s exactly what this is about — but why should it come as a surprise? International creditors need a government they can deal with, not a bunch of fantasists. If it is delusion the Greeks opt for, good luck to them — but they cannot do it while in a rules-based monetary union.”

Warner concluded by demanding that the EU get on with “installing a government with the stomach for painful reform, fiscal retrenchment and monetary discipline.”

A senior fellow at the Peterson Institute, Jacob Funk Kirkegaard, makes the same point, albeit more politely, but also adds in the strategic dimension. According to a report in Sputnik, the Peterson economist said: “For the Greek banks to reopen, a new government is likely to be required,” and noted that Washington and Brussels are angry at the Greek government’s “leftist anti-austerity rhetoric” and its rapprochement with Russia.

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