Russia, looking for pipeline pathway bypassing Ukraine, could bail out Greece’s debts

Russia-Greece deals

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Russia gave Greece a very valuable card to play in the EU when it announced its South Stream pipeline will be re-routed through Turkey, with a gas hub expected to be built on the border between Turkey and Greece.

READ MORE: Putin: Russia forced to withdraw from South Stream project due to EU stance

Russian investors have been watching Greece closely since the economy went bust in the 2008 credit crisis, which sent it looking for financial assistance from the EU to pay its creditors.

The crisis, as well as the EU bailout policy, has sent the economy into a six-year recession, forcing the government to dismantle and privatize state assets to meet austerity targets under its EU bailout plan.

State-owned Russian Railways and Gazprom have been eyeing stakes in Greek assets. Russian Railways has held talks with TrainOSE, Greece’s state-owned passenger and cargo rail operator. In 2013, Gazprom made a €900 million bid for Greece’s state gas company DEPA, but backed out of negotiations at the last minute, citing concerns over the company’s financial stability.

Russian investment in Greek railways is estimated at up to $3 billion per year.

Traditionally, the two countries have very strong tourist ties, with more than 1 million Russians visiting Greece each year. This number has been trimmed since the ruble crisis and slowed growth have forced many Russian to forgo foreign travel.

Greece is home to a robust Russian diaspora – nearly 300,000 Russian nationals live 1,400 miles south of Moscow, largely a result of emigration

RT

Rockstar: Syriza’s Yanis Tells Troika Bankers to Take a Hike Back to Brussels

21st Century Wire says…

Imagine being a sideline commentator on TV and then suddenly, you are called up to theBig Show…

1-Yanis-Greece
That’s what happened to maverick money expert, Yanis Varoufakis, last week when Greece’s new majority party, Syriza, asked their favorite economist to help get them out of their EU mess.

After a closer examination, many will agree that as far as Greece is concerned, he is definitely the right man for the job.

Troika bankers in Brussels are said to be furious at how Yanis would not bow and scrape to their ‘generous’ offer of loading even more debt on top of a country already suffocating from the Establishment’s various “financial aid” packages. Instead, Yanis has given a cold shoulder to the same bankers who got Greece into its death spiral to begin with, and opting instead to negotiate directly with political leaders in the EU.

Make no mistake about it – this is a major poke in the eye to central banking masters of usury.

Syriza’s meteoric rise to the forefront of Greek politics certainly inspired Yanis, as he tweeted earlier in the week:

Meanwhile, the mainstream media have been busy trying to figure out who Yanis is, with some outlets trying to portray him as an ‘extremist’, or as Greece’s new “left-wing” finance minister. To casually paint him as leftist simply because he is flying the financial flag for Syriza – would be a grave mistake indeed. Not only is he a capitalist, but ‘Global Minotaur’ Yanis could very well be one of the most innovative and forward thinking 21st century market masters around.

Speaking in a BBC interview earlier in the week, Yanis ridiculed the prevailing orthodoxy surrounding the Eurozone and the crippling debt that’s ravaging the southern EU nations. He said that “an eight or nine year old” could understand the raw deal handed down to Greece since going bankrupt in 2010. “Europe in its infinite wisdom decided to deal with this bankruptcy by loading the largest loan in human history on the weakest of shoulders, the Greek taxpayer”, said Yanis.

He added for good measure,“What we’ve been having ever since is a kind of fiscal waterboarding that has turned this nation into a debt colony.”

If government finance ever had a rock star, it is Yanis Varoufakis…

Watch him on the BBC here:


RT.com

The new left-wing Greek government has said that it will not cooperate with the ‘troika’ of international lenders, and does not plan to seek an extension for its aid package which is set to expire at the end of February.

Without the aid, Greek banks could face being shut off from European Central Bank funding.

READ MORE: Russia might bailout Greece – finance minister

Rejecting cooperation with the troika from the EU and IMF, Greek Finance Minister Yanis Varoufakis said he would rather negotiate the debt in direct talks with eurozone leaders.

This position enabled us to win the trust of the Greek people,” Varoufakis said Friday during a joint press conference with Jeroen Dijsselbloem, head of the eurozone finance ministers’ group.

Our first action as a government will not be to reject the rationale of questioning this program through a request to extend it,” Varoufakis said. “We respect institutions but we don’t plan to cooperate with that committee.”

The meeting between Varoufakis and Dijsselbloem is to lay the groundwork for visits by newly-elected Prime Minister Alexis Tsipras and the finance minister to London, Paris, and Rome next week. The new Greek leadership has voiced its intention to attempt to loosen the terms of the massive €240 billion (US$271 billion) bailout.

The new government has fueled panic among creditors and investors by promising to freeze privatizations and re-hire state workers, in addition to rolling back other reforms that were mandated by the bailout.

Varoufakis said he had told Dijsselbloem that although Athens plans to make the economy more competitive and balance its budgets, the country refuses to accept deflation and non-viable debt.

Dijsselbloem, meanwhile, warned Greece against taking unilateral measures and cautioned the new finance minister against rolling back progress.

Germany, Greece’s biggest lender, has said it will not consider writing off the country’s debt. Berlin expects Greece to implement structural reform in exchange for support…

Telegraph says it’s time for Greece to quit Eurozone

TAP – If Russia bails out Greece, that means the Rothschilds are bailing out Greece, the same entity that lies behind the Euro.  Russia and the Rouble are in the BIS system.

The break-out from the Euro will find Greece for sale at bargain basement prices.  The creators of the mess will of course want to be its biggest beneficiaries.

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7 Responses to “Russia, looking for pipeline pathway bypassing Ukraine, could bail out Greece’s debts”

  1. Jane says:

    The interview by Emily Maitlis was cringeworthy in that it showed Yanis Varoufakis as a highly intelligent individual with a clear and practical view of context and the current situation. Maitlis was awful in that she applied the usual agenda driven BBC approach pushing the usual one dimensional, predictable closed questions aimed at fear mongering. She did not have the capacity on any level to deal with a man of his intellect. I appreciate others are pulling her strings but it was cringeworthy in the extreme and simply reinforced for me why the BBC has zero credibilty and is simply a mouthpiece of a failed system desperately spouting propaganda. The BBC is a joke. My respect for Mr Varoufakis has simply increased. Well done BBC.

  2. Mark says:

    The BBC get some comeuppance with Yani. A man who sounds like he loves the people, his country, and has decided to carry on trying to speak sense, with the sensible, now he’s gone world-wide. He talks 2008 and greed over centuries and globalist but nevertheless if he doesn’t/Syriza don’t, get too co-opted off target, this could do some serious damage to the families and cult behind the Troika.

    ‘Russia funding being Rothschild’ – through and through? I suppose… and for now… but the London City gang are more vulnerable surely, to a Greece opening up a left-front, that may move from talking greed to Globalists. Fracking might be an obvious UKIP own-goal but it’s all about taking on (or not) Bankerville. Fellow independents Syriza have yet to speak truth to the banker’s bosses, those who’ll want them fighting like dogs with each other. The BBC whipping it up, cheerleaders in suits, skirts and that smarmy tv tone.

    Mark

  3. john east says:

    I support the Greek stance, but the EU and the bankers have no option but to crush this Greek resistance otherwise Spain, Portugal, Hungary, Slovakia, and Ireland will be next in line followed by Italy and France further down the road.

    So, the future is clear. Bribe the Greeks or destroy them. There are no other possible outcomes.

  4. Julie says:

    Syriza are going after the MSM too. Syriza say the MSM “has an unholy alliance with business Interests that sponge off the State” “Many news organisations in Greece are subsidiaries of companies owned by the oligarchs Tsipras has pledged to “destroy”. Now that Syriza has been elected some of those outlets have begun to alter their coverage but whether the new government will be able to dismantle the old power structures, is the pending question”.

    http://www.aljazeera.com/programmes/listeningpost/

  5. Nick says:

    How refreshing. Cometh the hour Cometh the man. I am in total agreement with other comments rightly expressed here,
    The BBC does itself no favours insulting the inteligence of its viewers when it adopts such cheapskate negative attempts to smear an obviously adept adult with such childish worn out below the belt tactics. Even stooping so low as to bring up that old chestnut of antisemitic links.
    It only served to reinforce my view that the rotten degenerate arrogant godblind vicious cabal holding the reigns of power through its paedophia/blackmail control system are still in total control of the Beeb.
    In my lifetime these thus far beyond control arrogant psycho idiots and there corporations have poisoned a whole ocean and nuked a hole in the ozone layer, and much more.
    They have become an existential threat not only to us but themselves also and that says it all really, they need reigning in sharpish.
    I do not have words strong enough to express my disbelief at the levels of their stupidity.
    That said, I have in my time met a few establishment figures whom entered into politics with the best of intentions only to soon realise that there is not much they could do to bring about real positive change and where faced with the dilemma whether it would be better to quit and let some self serving lowlife take there job or stay in the game and do what little they where able to.
    Respect to those good souls that stayed in the game. I have been encouraged by the likes of William Hague whom despite his early attempts being crushed to weed out some of the rot, was smart enough to lay low in order to climb the ladder to a point where he could be more effective in bringing about some much needed cleansing and am sure he has done much to expose the rot on the quiet with the help of others within the intelligence community. Despite the restrictions placed upon them.
    It is my belief the whole saville saga would not have seen the light of day had it not been for the rightminded thinkers within the establishment doing what little they could.

  6. Nollidge says:

    I’ve read elsewhere that Syriza were financed by Soros – who is a Rothschild gofer.So,doubts in plenty about the strength of there stance.

  7. Lynn says:

    It only takes 1 then the dominoes will all follow. The time is now!! watch this space.

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