March 2, 2015

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Police arrest Xiros' accomplice Angeliki Spyropoulou

Police officials on Monday arrested Angeliki Spyropoulou, the 22-year-old female accomplice of notorious Nov.17 convicted terrorist Christodoulos Xiros. She is suspected of being a member of the Conspiracy of Fire Cells (SPF) terrorist group. Authorities had launched a manhunt to arrest Spyropoulou, since the capture of Xiros early in January.

According to MEGA tv, the 22-year-old was arrested in the area of Salamina (an island off of Piraeus in southern Athens). More precisely, she was found her at the home of Christos and Gerasimos Tsakalos (brothers), who are both serving a sentence for belonging to the same terrorist organisation.

Spyropoulou, was allegedly aiding Xiros when he was a fugitive, as well as in a plan to spring imprisoned members of the extreme-leftist terror gang Conspiracy of Fire Cells from Korydallos prison.

The mother of both the Tsakalos brothers, who at the time of the arrest was giving testimony at the office of the investigative magistrate on a different aspect of the Xiros case, was immediately arrested by authorities for harboring a criminal.

The arrest comes after three other suspects were detained at the weekend, all of whom also face similar terrorism-related charges.

One of the three detainees includes a 32-year-old man who is accused of passing on a number of items to Spyropoulou, which were to be used in the Korydallos prison break plan. The list of items includes digital files, about 6,000 euros in cash, a GPS jammer and even laser scopes which were to be used in the assault on the prison.

The other suspect, according to one report in the To Vima newspaper, says that another detainee, a 36-year-old woman, is suspected of acting as a liaison between Xiros, Angeliki Spyropoulou as well as a third suspect. The same report also points out that DNA traces of the third detainee, a 39-year-old man, were discovered in a mail bomb that had been sent to prosecutor Dimitris Mokkas in September 2013, as well as a time bomb that was sent to the Korydallos tax office in March 2014 and an explosive bomb that was delivered to the Itea Police Department director in April 2014.

On the subject of Greek terrorists, three Greek convicted terrorists who are currently being held in the Domokos high security prison (central Greece) on Monday announced that they were beginning a hunger strike to protest against anti-terror laws, and in favour of the abolition of high security prisons.

Dimitris Koufontinas, 57, serving multiple life sentences for crimes related to his membership of the November 17 terrorist organisation, and Kostas Gournas, convicted for his membership in the terrorist organisation Revolutionary Struggle, co-signed a statement saying they protest, among others, against anti-terror laws.

The same was announced in a separate statement, signed by Nikos Maziotis, convicted for membership in the Revolutionary Struggle terrorist group.

Background to story HERE and HERE

References - MEGA tv, To Vima, ProtoThema, enikos, kathimerini, ANA-MPA


EFSF: Memorandum to Greece 'has no termination date' - Full statement

The Memorandum of Understanding on which the loan assistance to Greece depends, has no termination date, says the European Financial Stability Facility (EFSF), contradicting the Greek government's claim that the Memorandum no longer exists.

The EFSF clarified, in a statement released Monday, that the loan agreement whose extension Greece and its Eurogroup partners agreed to last week requires "Greece’s compliance with policy reform measures set out in the Memorandum of Understanding (MoU), which was agreed by Greece, the European Commission, and the ECB."

The EFSF further said that the Memorandum does not need an extension, because "it has no termination date."

Here's the full EFSF statement:

The Greek Master Financial Assistance Facility Agreement (MFFA) is a legal contract between the European Financial Stability Facility (EFSF), the Greek government, the Greek central bank, and the Hellenic Financial Stability Fund (HFSF), which is Greece’s national bank recapitalisation fund. It specifies the terms and conditions of the financial assistance to Greece, regarding e.g. the loan amount, availability period, fees, interest and repayment. It is signed by the EFSF CEO and the Greek Finance Minister. The provision of financial assistance under the MFFA is conditional upon Greece’s compliance with policy reform measures set out in the Memorandum of Understanding (MoU), which was agreed by Greece, the European Commission, and the ECB. The MoU is a separate and self-standing document, but is linked to the MFFA - no disbursement can be made without MoU compliance, which is assessed by the institutions.

The Greek MFFA originally expired on 31 December 2014. But on 19 December 2014, the EFSF Board of Directors decided to grant a technical extension until 28 February 2015.

On 27 February 2015 the EFSF Board of Directors decided to further extend the Greek MFFA by four months until 30 June 2015.

In addition, it should be noted that the MoU is a document that is often updated when a review takes place, potentially reflecting new circumstances and the need to adapt the list of policy measures to be implemented. The MoU (unlike the MFFA) did not have to be extended because it has no termination date.

The statement appears to directly contradict a statement put out by Greek government officials announcing that the loan agreement will be debated in the Greek Parliament despite there being no obligation to do so.

The statement says that the "nullification of the Memorandum... has been achieved... An extension of the loan agreement does not imply any extension of the Memorandum. The Memorandum has been abolished, since there is no provision that the so-called 'current program' will be 'successfully concluded'.

The statement was dispatched by the state news agency ANA-MPA

Eurogroup deal is not going to be approved by parliament, says gov't spokesman

Greek government spokesman Gavriil Sakellaridis said on Monday that the extension of the agreement, approved in the most recent Eurogroup meeting between Greece and its creditors, is not going to be submitted to the Greek parliament for approval.

While speaking on the Real FM radio station, Sakellaridis noted that the government wants the "political legitimacy" granted by a parliamentary vote, but is not going to opt instead for a parliamentary debate.
     "The reason the government chooses not to bring the agreement to parliament for approval is because this is just an extension of the loan agreement. We don't want to give more weight to the text. At the moment, we accept the signature of the finance ministry. But the debate will be open, transparent," Sakellaridis told journalist Nikos Chatzinikolaou.
The government spokesman said that Prime Minister Alexis Tsipras is not opposed to a debate in parliament, nor afraid of objections from within the SYRIZA party.

Sakellaridis' comments were immediately slammed by all political parties. PASOK described the move as "a flagrant violation of the Constitution and an insult to the Parliament’s legislative jurisdiction while the Potami party (The River) said the PM must bring the deal for approval to achieve the widest possible consensus.

On the other hand the Greek Communist Party (KKE) said that "the pretexts used [by the government] to avoid its obvious obligation are aimed solely at hiding the fact that it is... not only committed to maintaining the same obligations and laws included in the Memorandum, but also adopts similar practices as those of the previous government."

Asked by Chatzinikolaou on whether or not Greece will be able to repay its loan installment to the International Monetary Fund (IMF), the Greek government spokesman said that the government is looking at all possible solutions to the problem and is going to fulfill all its debt obligations.

References - Real FM, ANA-MPA

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PROVOCATION - Turkey issues NOTAM in Aegean - Athens to raise issue with NATO


The Greek government delivered demarches to the United Nations, NATO, the European Union and the International Civil Aviation Organisation (ICAO), condemning Turkey’s plans, following Ankara's release of the initial NOTAM (Notice to Airmen) on February 27, (for the reservation of a large portion of airspace over the central Aegean Sea in order to hold an unprecedented a 10-month military drill). Almost immediately Ankara issued a new NOTAM (No. 0900/15) revising the original notice (No 0889/15, issued on February 27) by excluding the island of Limnos from the area reserved for military use.

The initial notice, which constitutes a violation of international law and Greek sovereign rights,, provocatively designated a large section of the Aegean Sea – from the central Aegean island of Skyros northeast to Limnos – as an area where the Turkish armed forces could conduct exercises until the end of the year.

Original Story

Greece is protesting Turkey's move to reserve a large chunk of airspace over the Aegean Sea for military maneuvers until the end of the year, a Greek foreign ministry spokesman said at the weekend. Foreign Ministry spokesman Constantinos Koutras was quoted as saying that Ankara has unilaterally issued a Notice to Airmen, or NOTAM, reserving an extensive airspace over the Aegean Sea from March 2 to December 31, 2015, for military use.

The Greek government notes that the move intrudes into Greek airspace, interferes with traffic to two regional airports and affects two international traffic routes.

In the meantime, Greece's civil aviation authority issued a navigational warning stating the Turkish NOTAM is null and void.

The foreign ministry spokesman said that the Greek government plans to take the matter to NATO, the United Nations, the European Union and the International Civil Aviation Authority (ICAO).

This is the second major Turkish provocation in the Aegean in the past two months. On the 31st of December 2014, Turkey issued two NAVTEX broadcasts, reserving large areas in the north and central Aegean for 2015.

The latest Turkish provocation came as a surprise, last Thursday the Greek government offered to begin talks about Trust Building Measures between the two neighboring countries. Turkey agreed to Greek request, making the latest provocation even more confusing.

Reference in Greek -


BUSTED - Secret meetings between SYRIZA, Soros representatives & Other Hedge Fund Officials

Officials from the ruling SYRIZA party and representatives from international funds (speculators) met secretly over the last few days, according to an article in the Sunday edition of the "To Ethnos" newspaper. HellasFrappe was obviously intrigued by the article and decided to do a little bit of its own research. Trust us... This is a MUST READ.

Obviously these officials did not come to Athens to get briefed on SYRIZAian baptismal terms, but rather on the opportunities that can rise from the interim Memorandum (oops agreement) that was signed at the recent Eurogroup in Brussels and how they can capitalize on various Greek industries. According to the article, these opportunists were looking to find lady luck in areas such as corporate restructuring, recapitalization of credit institutions, reorganization of bankrupt businesses, real estate, tourism and energy. "

Unlike Greek voters, adds the article, these financial vultures did not hear hardliners press on about "paused privatizations" or the sale of "red loans" (some terms commonly used by the government over the past few weeks in order to retain face with their supporters).

Heading the list, according to "To Ethnos", were well known names such as: Soros Fund Management (manages funds 28 billion. dollars), Green light Capital (managed funds 5 billion. dollars), Tudor Capital (managed Chapters 6 billion. dollars), H2O (manages funds 11 billion. dollars), VR Capital (managed funds 3 billion. dollars), Millennium Management (manages funds 23 billion. dollars), Paulson & Co (manages funds 22.8 billion. dollars), Standard Life (manages funds of 195 billion. pounds).

Let's focus on some of the names (or bad boys) on this list (which until recently were described by SYRIZAians as "vultures" and used by the so-called far left party to criticise the previous conservative government). As you will see, these are the creme de la creme of bad boys in the hedge fund world... and -as expected- they are all out to capitalize heavily on Greece's woes.

Soros Fund Management, LLC - Soros Fund Management is the primary adviser for the Quantum Group of Funds; a family of funds dealing in international investments. The company invests in public equity and fixed income markets worldwide, as well as foreign exchange, currency, and commodity markets, and private equity and venture capital funds. The company is reported to have large investments in transportation, energy, retail, financial, and other industries. Geroge Soros is known for saving George Bush Jr from a 1990 bankruptcy. Soros still works with Bush Sr in the Carlyle Group a powerful financial organization & international weapons dealer controlled by the Rothschilds who own Vickers Munitions. Soros has been equally active in many changes of governments throughout the world including the overthrow of Georgian President Eduard Shevardnadze in 2003 a devout Orthodox Christian. Soros has also directly and provocatively financed anti-Hellenic organizations (or shady NGO's) that have determined themselves as "Macedonian" in Northern Greece (meaning FYROManian).
At the same time (and as noted in many other articles from HellasFrappe in the past) he finances (or financed) the Indymedia website which is home to the Leftist anarchy movement (which we also know is part of SYRIZA as well). OSI and Soros have contributed thousands to the far-left Independent Media Center, or Indymedia, known as an "independent news gathering collective," whose servers were seized by US federal law enforcement agencies. The action was apparently related to an investigation into international terrorism, kidnapping or money laundering. Basically Indymedia is a global participatory (anarchist) network that reports on political and social issues. The Greek chapter is also well known for publishing statements made by terrorist organizations, and believe it or not it overtly applauds violence as a political tactic. The site is also known as a paramilitary website, which apparently encourages hatred against anything and any one that is considered conservative, liberal or basically tips towards the Right (in other words anyone who is not a Leftist is targeted). As such the website follows the movement of the Golden Dawn party as well as many other ordinary people who make (or have made), the mistake of expressing Greek nationalist ideals.Who detests Greek nationalist ideals? Or nationalist ideals in general? Aside from Kissinger, there is always George Soros. Indymedia is funded by the Tides Foundation, which supports a slew of radical leftist organizations, and which has received millions in donations from George Soros’ Open Society Institute.
Furthermore, Soros has apparently also financially supported "Turkish" and/or "Cham" organizations that are vying to claim land from the Hellenic State (in order to further the dream of the "Great Albania" and the "Ottoman Empire"). An interesting move from this anti-Hellenic warmonger is that he is the main sponsor of CDRSEE. It is operated by his NGO called “Center for Democracy and Reconciliation of South East Europe”  and maintains an office in Ano Poli in Thessaloniki. The first project CDRSEE undertook was the Joint History Project (four books of common Balkan history). Costas Carras one of the Board members of CDRSEE, among other books thanks the US State Department for assisting the publication of the books (Note that the State Department funded a US $100.000 a study of the “Relevance of the Smyrna Catastrophe”). The books distort historical truth and serve the claims of FYROM. At the same time they openly challenge the Hellenic cultural dimension and historical continuity of Macedonia and promote the alleged existence of a separate, Macedonian ethnic entity. The project has been also funded in part by Coca-Cola and believe it or not... the (Simitis clan-run) National Bank of Greece!  Basically the main aim of  the project is to impose the abolition of the term "Ottoman" from Greek textbooks. (Remember what former MP for the DIMAR party Maria Reppousis attempted to do? Guess who was backing her....)
In 2012 he openly warned EU leaders that the Eurozone had entered a fatal phase that might possibly lead to its final breakup.He then presented the creation of a “Solidarity Fund” destined especially for immigrants in Greece. It entails the financing of building constructions which are destined to refugees being sheltered in Greece. The first installments have been made by Soros himself, while a significant amount is already gathered and administered under the auspices of Raul Wallemberg Institute of Human Rights and Humanitarian Law, established in Sweden. In his speech in Berlin Soros put special emphasis on the fact that Greece is a country “in humanitarian need”.  It should make one wonder why Soros puts such emphasis on the immigrants and ignores locals that are equally encountered with similar poverty issues. Also why is Soros not establishing his foundation in Greece to self-monitor developments, but decides to keep its siege in Sweden? This is certainly something that needs to be also questioned.
Soros also apparently helped arrange the visit of SYRIZA’s left-wing radical coalition leader Alexis Tsipras to the US, during which the Greek politician became acquainted with influential representatives of American political "establishment". There Tsipras received a distinct “go ahead” to “rule”. Greek analysts see in Soros' interest in Greek left-wing radicals another hidden motive. SYRIZA has been actively collaborating for long time with nongovernmental organizations in Greece, funded by Soros. The coalition of left-wing radicals actively supports sexual, ethnic and religious minorities. Many call the policy of this party anti-national as its leaders deny the genocide of Greeks in Asia Minor and stand for territorial concessions for Greece’s neighbors. The SYRIZA coalition is a consistent opponent of preserving the Church's influence on Greek society. It supports the removal of chaplains from the army, opposes the funding of priests' salaries from the state budget, and demands full separation of the Church from the state. Read more about Tsipras trip to the US click HERE.
The warning signs that Finance Minister Yianis Varoufakis is a “Trojan horse” for the global bankers are abundant. First, Varoufakis served as an economic adviser to the failed PASOK government of George Papandreou, the man who first put Greece on the road to draconian austerity measures. Varoufakis now claims that he was ardently opposed to Papandreou’s deal with the “Troika” but no one will ever know how much the now-anti austerity finance minister agreed to while he was advising Papadreou on the proper course of action to settle Greece’s enormous debt problem. Varoufakis is also a close friend and co-author of American economist and fellow University of Texas professor James K. Galbraith, the son of the late “eminence grise” of American economists, John Kenneth Galbraith. The later's ties to the global banking elite are exemplified by his guest scholar position at the elitist Brookings Institution in Washington. In other words, although Tsipras’s biography suggests a bona fide leftist, Varoufakis’s background indicates that Greece’s new finance minister is at home and comfortable with the banker elites who carved out Greece’s national soul with a sharp blade of austerity cuts to social security, public health, and other basic public services. More HERE.

Paulson & Co. - Another vulture fund that was present at this secret meeting, includes the Paulson & Co. investment company. According to Reuters this firm had invested in the collapse of the US mortgage system, and gained more than 1 billion US dollars as a cause of this criminal act. Let us not forget that this company also spread the American financial crisis globally and was even accused of doing so by US authorities (unfortunately its founder John Paulson was never charged). The company is an investment management firm, established by its president and portfolio manager, John Paulson. It specializes in "global merger, event arbitrage and credit strategies", the firm had a relatively low profile on Wall Street until its hugely successful bet against the sub prime mortgage market in 2007. Today it is headquartered in New York with offices in London and Hong Kong, the company operates as a partnership, managing eight hedge funds as of 2013. It has approximately 120 employees and $18 billion in assets under management. Paulson has been criticized in the ABACUS investment for paying Goldman Sachs $15 million to put together what was a collection of "toxic" sub prime securities with his help (creating "the concept" of the "ethically challenged `synthetic` securities") to be sold by Goldman to long investors so that Paulson could bet against it, a process critics complained was "sleazy", or the work of those lacking a "moral compass", though not illegal. Paulson at the time replied that they "were not involved in the marketing of any Abacus products to any third parties," and that "Paulson did not sponsor or initiate Goldman's Abacus program." In April 2010, the U.S. Securities and Exchange Commission (SEC) sued Goldman Sachs over the ABACUS Synthetic CDO (see above) alleging Goldman had (mis)represented the assembler of the mortgage package underlying the CDOs as an objective third party (ACA Management), when in fact a "short" standing to reap great financial benefit in the event the CDO's default (Paulson & Co.) had a major role in assembling the mortgage package. Quite interestingly... Paulson also has a long track record of investing in distressed debt, bankruptcies and restructurings. The 2008-2009 financial crisis resulted in a record high level of defaults and bankruptcies across numerous industries, and Paulson was a large investor in many of the largest and most prominent ones, including the Lehman Brothers bankruptcy and liquidation.

Green Light Capital - A third company that was present as well includes the Green Light Capital. Its founder, David Einhorn, American hedge fund manager, specializes in the management of overdue debts (how quaint...). The remarkable thing about this company is that it had miraculously "predicted" the collapse of Lehman Brothers, and had sold its entire stock of shares prior to the collapse. Obviously this move did not rise from a gifted sense of the markets, but from what some believe was inside information. Speaking about insider information (a term we got accustomed to here in Greece when George Papandreou was in power) the U.K. Financial Services Authority (FSA) fined Einhorn and Greenlight Capital US $11.2 million for trading on inside information in January 2012. The FSA claimed Einhorn obtained information on the Punch Taverns Plc (PUB) equity fundraising by a broker representing the company prior to public knowledge of the event. Over the following days, Einhorn sold more than 11 million shares, avoiding a 29.9% stock price collapse and subsequent loss of about £5.8 million. Einhorn called the fine "unjust" and "inconsistent with the law" but said he would pay it "rather than continue an arduous fight". The fine was the second largest levied on an individual in the history of Britain’s Financial Services Authority.

Millennium Partners - In 1989,  American hedge fund manager and billionaire, Israel Englander started Millennium Partners with Ronald Shear - whom he knew from his time at the American Stock Exchange - with $35 million in seed money (including $5 million from Englander himself and another $2 million from the Belzberg family). The firm got off to a rough start and Shear left in 1990. Since then, Englander has grown Millennium into a $20-plus billion dollar (under management) enterprise by using investment strategies like statistical arbitrage (quantitative analysis); fundamental long-short pairing; merger arbitrage (taking advantage of price differentials between a buy-out target company's stock price and bid price) and convertible arbitrage (taking advantage of price differentials between a company's stock price and convertible bond or stock warrant price). At any given time, Millennium holds thousands of investment positions and makes over 2 million trades on an average day. At the end of 2013, Millennium had 1500 employees in more than 12 offices around the world.

Standard Life - Standard Life plc is a long term savings and investment business, with headquarters in Edinburgh and operations around the globe. It has 1.5 million shareholders in more than 50 countries and over 6 million customers. In January 2006, Standard Life were accused of smearing a policy-holder, Michael Hogan, who was not happy with the way the company was being run. An e-mail sent to Standard Life executives and advisors (which was disclosed under the Data Protection Act) revealed an attempt to discredit him. In March 2007 the company announced it would cut 1,000 jobs in an attempt to save an additional £100 million per year in costs. One month later it was highlighted in the company's annual report that three of Standard Life's top executives (Sandy Crombie, Keith Skeoch and Trevor Matthews) were awarded more than £5 million in pay. A Standard Life spokesman defended the awards, citing the leadership's efforts in turning round the company's fortunes. In February 2014, Standard Life announced that it may move parts of their operations outside Scotland in the event of Scottish independence, if it was necessary to do so.

VR Capital Group - VR Capital Group Limited operates as a hedge fund manager. The Company is a leading alternative asset manager specializing in global emerging markets and distressed securities. According to the newspaper Ta Nea, a 810-square-meter property in London’s Holland Park, was purchased some time ago by hedge fund manager Richard Deitz and his wife Marina Nacheva. It should be noted that Deitz is the Founder, President and Director of VR Capital Group Ltd. In his article Three steps to put Greece on the road to sustainability which was published by the Greek daily Kathimerini in August 2012, we quote Deitz as confessing that he speculates on specific markets to find investment opportunities: “As a hedge fund manager with more than fifteen years of experience in sovereign defaults and restructurings (and a track record of finding investment opportunities in these events), including Greece, I believe that Greek solvency could be re-established with minimal cost to its European partners if the official sector embraces a constructive and creative three-step approach.”

H2O Asset Management LLP - H2O Asset Management LLP is a privately owned investment manager. According to Reuters this company has played one currency against another. It is operated by Bruno Crastes, a French fund manager specializing in absolute return/global bond strategies and CEO of H2O AM LLP. In 2010 he co-founded H2O AM LLP with Vincent Chaillley, focusing on liquid absolute return strategies. He was nominated "Best global bond manager of the past five years" in June 2013 with a performance of 89.71% vs. 33.65% for the peergroup. In December 2014, he arrived second in the Top 100 European fund managers ranking of l'Agefi Suisse. He is currently acting as CEO of H2O AM and Vincent Chailley as CIO. Significant shareholders of H2O AM LLP include Natixis Global Asset Management and H2O’s employees.

London Diversified Fund Management: London Diversified Fund Management, once a high flyer among fixed income hedge funds with $5 billion under management, took a severe blow as the global financial crisis struck and the U.S. in particular was hit with a crisis in the housing market. JPMorgan's LDFM’s London Select Fund is managed by David Gorton. Quite interestingly, Gorton’s career began 24 years ago at Chemical Bank, where he reportedly started out as a bond trader, specialised in forward rate agreements, and became joint head of Eurobond trading. Later on he spent three years at Chemical Bank. Gorton appears to have gone to HSBC where he continued to specialise in forward rates agreements, before being promoted to Chief Dealer for the US, responsible for all rates risk, in 1992. And (SURPRISE SURPRISE he is a former CIO at an internal fund with JPMorgan). Gorton made his first hedge fund move in 2002, back in the days when banks could still run funds of their own with impunity, JPMorgan hired him as chief investment officer to run its London Diversified Fund. Gorton and his team were successful, allegedly making 550m a year for the bank.

Tudor Capital: Paul Tudor Jones II is the founder of Tudor Investment Corporation, a private asset management company and hedge fund. As of March 2014, he was estimated to have a net worth of US $4.3 billion by Forbes Magazine and ranked as the 108th richest American and 345th richest in the world.With this financial success he founded the Robin Hood Foundation. In the documentary "Trader" Jones is seen as a young man predicting the 1987 crash, using methods similar to market forecaster Robert Prechter. Although the video was shown on public television in November 1987, few copies exist. On the Internet, bids for the video start at US $295. According to the video's director, Michael Glyn, Jones had requested in the 1990s that the documentary be removed from circulation. In the video, Jones can be seen huddled over a graph, comparing the market’s peak in 1987 with a previous high in 1929. As Elliott Wave theory would have it, the two market tops may have been 60 years apart but the herdlike exuberance of investors pushing stocks ever upward was the same. On Oct. 5, 1987, Prechter, then and now the best-known proponent of the theory, told his subscribers to sell. While the rest of Wall Street counted its losses, Jones, at age 32, returned 200 percent for his investors that year and drew a payday of an estimated $100 million for the year, an almost unheard-of sum at the time. This obviously controversial video (which shows how these hedge fund gurus manipulate the markets for their gains) has surfaced from time to time on different video sharing and torrent sites, but has often been taken down shortly thereafter due to copyright claims.

...and others

(Editor's Note: Frappers should not be shocked about these meetings. We are just simply relieved -and finally feel vindicated- that the mainstream media picked up on SYRIZA's link to Soros, JP Morgan and other such hedge fund vultures. HellasFrappe has in the past revealed these links through countless articles -especially that of its link to Soros- but we were always accused by some of our readers of supporting 'conspiracy theories'. Now that this relationship is finally confirmed and being exposed by the mainstream media, and now that it clearly proves that SYRIZA has the same friends as George Papandreou once did, it should make some of our critics rethink about their decision on January 25th 2015. Why? Because their score is something that is going to affect all of us... as well as be paid by all of us. Is the term "duped again" too harsh?)

References in Greek - To Ethnos,  Logos Erimis, RealJewNews, rferl, Patridesgulagbound,  Taxalia, HellasFrappe 1pravoslavie
Company profiles from: Wikipedia, Bloomberg, Financial Times, New York Times,


Officials Arrest Woman involved in Xiros Case

A 36-year-old woman was arrested on Sunday who is alleged to be involved in convicted terrorist Chrystodoulos Xiros' case and in the so-called "Gorgopotamos plan" (attack against Korydallos prison) prepared by members of terror group "Cells of Fire".

A dispatch from the state news agency ANA quoting police officials revealed that that woman acted as a link between Xiros and other members of the case as well as between members of incarcerated Cells of Fire with their associates outside prison. The suspect visited incarcerated leaders of the terror group and brought them letters and other material while she had also given a huge sum of money to wanted Angeliki Spyropoulou that is still at large.

The dispatch noted that the woman would be sent to the prosecutor later on Sunday.

One day earlier, the Counter-terror squad arrested two suspects, alleged to be members of Cells of Fire that played a major role in Gorgopotamos plan.

Police chief Dimitris Tsaknakis announced on Saturday evening that the two suspects aged 39 and 32, whose DNA was found in the terror group's safe houses and on explosion devices are charged with participation in a terror group.

Additionally, the 39 year-old who's DNA was found on remains of three explosion devices is also being charged for construction and possession of explosion material and bombs as well as possession of weapons and for attempted murder.

Both suspects were sent on Saturday to the examining magistrate Eftyhios Nikolopoulos from which they asked and received an extension to testify within the week.

The 32 year-old who denies all charges will testify on Monday while the second suspect will testify on Thursday.

Follow-up at:



Rajoy says Greek government must "get serious!"

Spanish Prime Minister Mariano Rajoy has on Sunday rejected Prime Minister Alexis Tsipras' claims that Spain and Portugal formed "an axis of forces" with the aim of toppling the Greek government.
     "We are not responsible for the frustration generated by the radical Greek left that promised the Greeks something it couldn't deliver on," Rajoy said.
His remarks were a response to Tsipras comments on Saturday who openly accused Madrid and Lisbon of attempting to sabotage talks for the eurozone extending the Greek bailout program.
     "Their plan was and is to wear down, topple or bring our government to unconditional surrender before our work begins to bear fruit and before the Greek example affects other countries," Tsipras said.
Rajoy underlined that the SYRIZA attempted to blame Spain and Portugal in a bid to cover up Greece’s financial difficulties, adding, that "looking for an external enemy is a way we've already seen many times in history.... That doesn't solve problems, it aggravates them.  The only solution is to get serious," Rajoy said.

Madrid and Lisbon have both filed official protests against the Greek premier.

Reference, Press Tv, enikos


Varoufakis: Citizens can now live without the fear of layoffs & overtaxation

In an interview to the Sunday edition of the To Ethnos newspaper,  Finance Minister Yanis Varoufakis said that SYRIZA's commitment on the extension of the loan agreement, with the specific reforms program that was agreed in Brussels, removes and the last legal argument of the Eurozone's institutions that demanded the Greek government's subordination into a 'program' in order "to lift the restrictions from Greece's banking system financial support."

In the interview, Varoufakis pointed out that the two main demands in the agreement for the next four months includes the "safeguarding of a sufficient liquidity in the internal market with immediate lifting of the restrictions imposed by ECB on the short-term banks and state lending as well as the normal flow of tax revenues".

Continuing with SYRIZA's wordplay, Varoufakis said that the Memorandum, (as a text of Troika's strict orders for perpetual austerity, internal devaluation and financial suffocation), does not exist any more.
     "Citizens can live now without the fear of mass layoffs, continuous cutbacks on salaries and pensions and of the irrational, abusive and unfair overtaxation on non- existent incomes or depreciated assets".
He said that "there is not possibility to return to the debt serfdom state" adding that the "relief-solution for the debt that SYRIZA is planning to propose does not want any sacrifices from the Greek or the European tax payers.

ECB has no excuse not to restore liquidity to Greek banks

Turning to other matters, Varoufakis said the European Central Bank has no excuse not to restore liquidity to Greek banks as the government has kept its part of the deal by signing the extension of its loan agreement, according to an interview published in the Greek press on Sunday.

Greek banks are being kept afloat through the Emergency Liquidity Assistance (ELA) lifeline extended by the Bank of Greece, subject to approval by the ECB. The ELA pool, which currently stands at 68.3 billion euros ($78 billion), is extended to solvent lenders as a temporary measure to cover liquidity shortages. The bank has suspended the eligibility of Greek sovereign debt as collateral for its liquidity operations, since February 11th, saying Greece had not completed its bailout programme.

Varoufakis said that for Greece to enter a safe path, at least in the transitional period of the next four months, it has to ensure the domestic market is sufficiently funded by lifting the limitations imposed by the ECB in the state and the banks' short-term borrowing ability.

"We insist that our commitment to extend the loan agreement with the specific reform programme we agreed upon, removes the final lawful argument presented by the Eurozone's institutions who required us to enter a 'programme' in order to lift limitations in the financial support of our banking system," Varoufakis was quoted as saying to Ethnos daily.

The minister also rejected any notion of signing a third bailout programme, as it has been reported in the media. "There isn't the slightest chance of returning to a status of debt serfdom, no matter how much the opposition tries to sweeten such a possibility," he said.

Reference in Greek - To Ethnos

Wieser: 100-installment debt settlement an 'unfortunate choice'

Objections on the 100-installment debt settlement were expressed by Euroworking Group president Thomas Wieser on Sunday. Wieser said that the plan is an "unfortunate choice". He links the settlement with the liquidity problem claiming that "the policies that secure primary surplus also secure and liquidity for the government. Consequently, it reduces the need for external financing."

Asked whether capital control would have been imposed in case there was no agreement at the Eurogroup, or if a Grexit scenario existed, Wieser said that he believes public opinion "had underestimated the common will for cooperation and trust".

February 28, 2015

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Tsipras outlines gov't's priorities - Samaras says he should be ashamed

The first draft bill to be tabled by the SYRIZA government is going to relate to the humanitarian crisis in Greece, Prime Minister Alexis Tsipras told his cabinet late on Friday evening.

In his address, the Greek PM expressed his satisfaction over the required ratification by EU parliaments of the agreement Greece reached with its creditors, which he said wrapped up a first round of laborious and tough negotiations.
     "Our European partners were forced to accept something that seemed taboo up to now, that the memorandums and the policies implemented in Greece over the last five years were not simply socially catastrophic but financially ineffective as well," he said.
According to him the government is obligated to begin a series of sweeping reforms that are needed, in order to fight tax evasion, deal effectively with corruption, overhaul the public sector, restart the real economy and deal with the humanitarian crisis.

The first bill is set to be introduced in the new week and aims to provide free electricity and foodstuffs to well over 300,000 Greek families. At the same time, the government plans to introduce a housing program for 30,000 people and call for a restriction in the number of evictions, which reached a high during the five years of the bailout memorandum.

The new legislation is also going to include a provision to relieve 3.7 million taxpayers, including small and medium-sized enterprises, that came to owe more than 5,000 euros each without any hope of repayment.

A separate bill relating to non-performing loans to the state is also expected to be introduced. According to Tsipras, it is going to include a clause relating to outstanding payments to insurance funds and aims to lift laws leading to the arrest and jailing of taxpayers who owe up to 50,000 euros to the state. The bill also plans to restore the status of reports by the finance ministry's financial crimes squad (SDOE), allowing for immediate action to be taken on suspected tax evasion cases.

The prime minister also said that it is the first time that all audit material accumulated over the years, including the so-called Lagarde list of large Greek bank deposits abroad and cases from the unit processing funds from criminal activities, had been consolidated and would help in the pursuit of tax evaders.

He also said that the primary home of families (or "first home") will be protected by a regulation that is also going to be filed in the new week and "put an end to the anxiety of hundreds of thousands of our fellow citizens, workers and pensioners who are in danger of losing their home," over real estate taxes. According to the Greek PM this measure will be an emergency regulation and will affect only homes whose official value does not exceed 300,000 euros.

Turning to the issue of the state broadcaster, Tsipras said that on March 5th the bill for ERT (the former state broadcaster shut down by the Samaras government in June 2013) is also going to be tabled. It aims to reinstitute the broadcaster (which is now replaced by NERIT) with an upgraded program. He said that this is not going to burden the state budget and therefore is not part of the ongoing negotiations with Greece's creditors.

(A SYRIZA MP said on Friday that electricity prices would be hiked so that the expenses for ERT will be paid.)
      "The government must show readiness at every level and in every sector in order to be resolving practical problems on a daily basis and promote continuing reforms that will make life easier for Greek citizens and that will streamline the public sector," he stressed.
Justifying the decision by Productive Reconstruction, Environment and Energy Minister Panagiotis Lafazanis to revoke the architectural and electrical engineering licence at the Skouries gold mine in northern Greece's Halkidiki peninsula, Tsipras said the move was required following serious charges and a review was necessary to ensure the company kept the licence obligations.

The government wants to defend two priorities it has, the environment and public interest, and will serve the interests of workers and the Greek people with unwavering consistency, he added.

Finally, the premier said that in the following week the government would table a proposal for the drawing up of a committee to investigate the memorandums, the conditions under which they were accepted and the political liability of everyone who contributed to the country's bankruptcy and forced it into borrowing.

The premier called on all ministers to work together with the minister of administrative reform, thus make everything ready faster, and advised cabinet members to work hard in order to honour the people's mandate. "I call on you to use fewer political slogans and do more work: Less talk and more action," he said.

On Saturday the PM addressed SYRIZA's Central Committee. He said that:
      "We are at the start of a great and difficult battle... We are not going to escape from our commitments." 
He referred to a turbulence in the first month of SYRIZA's governance noting that Greece is not Europe's pariah's any more that follows orders and only implements memorandums.
     "The people feel that they regain their lost dignity. The humanitarian crisis is the main issue of the discussions. We have made allies on international and European level in order to get rid of the self-fuelled crises. We said a lot of 'no' despite the unbearable pressures" noted Tsipras and reiterated that "the troika and the memorandum are history". 
Following his speech main opposition New Democracy leader Antonis Samaras said that "Tsipras should be ashamed. He charges me for the European People's Party announcement, the context of which he has co-signed in the last decision of the Eurogroup."

Samaras noted that EPPs announcement said that Greece had made a huge progress in the last years and should keep its commitments.
      "He (Tsipras) must be in a great despair and fear to refer to such nonsense and to make up imaginary enemies to justify his own lies and impasses..." said Samaras.
Samaras noted that the 'bridge' Tsipras' prepares is for the next memorandum to which he is leading us and that for this reason, as he said, he will give account.
     "If he believes that by attacking me and our partners he can become a European politician, he has not a single idea what's going on. He does wrong not only to himself but also to the country which is in Europe and will remain in Europe. Shame!" concluded Samaras.
Combined Reports: ANA-MPA


Varoufakis says It is part of our patriotic duty to pay taxes (VIDEO)

While speaking to economist George Aftia on SKAI Tv on Saturday morning, Greek Finance Minister Yanis Varoufakis outlined the government's priorities for the next four months. According to him, the first thing the government plans to do is to 'tackle the humanitarian crisis, then it has to solve the financial gap problem and following this to start legislating in order to heal the private sector, (e.g. the settlement for overdue debts).

The Minister stressed that the negotiation for the after June era is going to begin immediately with main targets the debt restructuring, the next decade's primary surpluses and the investments.

Varoufakis sent a message that those who have, or are part of the problem, will be hit hard, noting that "it is part of our patriotic duty to pay our taxes'.

At the same time he expressed the hope that an extraordinary tax is not going to be imposed, but he did not rule out the possibility either claiming that to secure the budget "if it is imposed (extraordinary tax) I will do it for those that they have to pay".
     "We have committed to have balanced budgets. This means that we want to restore the country's independence and the popular sovereignty within our walls by securing that, never again we will have primary deficits. If I have to impose an extraordinary tax for that, I will do it but to those that have and not to those that do not have to pay", he said.
Asked about cash flow problems Varoufakis said that at the moment there is no grave concern over a cash flow problem.
     "Where we have a problem is to pay the IMF in March but, we are already discussing the matter with our partners".
     "The former governments accepted that even the profit rebates from ECB will take place after the evaluation. We say, do not give them to us give them directly to the IMF. They say that such a mechanism does not exist. I tell them, make it" said Varoufakis who appeared certain that a solution will be found.
He said that the tax free income is going to return gradually to 12,000 euros, saying that he feels shame that there are poor Greeks that pay tax from the very first euro of their income.

On the subject of Value Added Tax (VAT) the Minister of Economy ruled out increases in tourism, medicines, books and food.
     "We will find a product, somewhere a balance will exist" said Varoufakis. 


OPINION - Huge Bank Outflows, Euro Weakens, Bundestag Supports Greece, Memorandum

By John Ward (The Slog) - If the Varoufakis memorandum ‘deal’ is so respectable, why do none of the players, or their Party bigwigs, or the markets, like it?

There’s a piece in the online magazine Counterpunch at the moment purporting to show how Greek finance minister Yanis Varoufakis has ‘kept Greece in the euro by its fingernails’. Without going over the same tedious ground yet again, nobody can do that, because Greece doesn’t need to cling onto anything: once you’re in the euro, there’s no way out.

The piece continues as follows:

‘So, those who think that Varoufakis should have given the Eurogroup an ultimatum (“Reduce our debts or we’ll leave.”) simply don’t understand the nature of the negotiations.  Varoufakis was forced to operate  within very strict parameters. Given those limitations, he nabbed a very respectable deal.’

If I had a Pound for every expert who responded to an injection of reality with “no no, you don’t understand” I’d be a very rich man indeed. QE, derivatives, the gold price, the euro’s value, UK ‘growth’, fractional reserve banking, the Manchester United owning Glazer brothers, ludicrously over-priced bourses, the EC’s finances, and BoJ asset purchases have all been ‘sold’ to me over the years are the best way forward…when they are obvious disaster areas waiting to happen.

In this case, it’s the idea that what Varoufakis signed last week was a ‘very respectable deal’. I’d like to put one simple question to the Game Players: if the deal is so good, why does no side – there are more than two – want it?

The Greek KKE doesn’t want it, 8 senior Syriza MPs don’t want it, and Merkel was given a seriously rough ride by her own CDU Upper Circle. I’ve yet to meet a single anti-federalist who likes it… but I’ve been told a dozen times that Varoufakis has “bought time”.

He has: but is it peace in our time, or time for things to get worse for the Greeks?

Even the fairly large print of the Memorandum makes YV’s job impossible, and it isn’t helped by the obviously manipulated departure of bank deposits. Four months from now they will be back around the same table, and there is just one thing alone that might make Yanis’s hand stronger: Italy turning to sh*t – which it could do… and ought to do.

But if your main adversary is an Italian crook heading up the ECB, I wouldn’t hold your breath on it. In that four months, there’ll be 24/7 smearing and trolls, manufactured bank panics, and pretty much anything they can think of to take Syriza’s eye off the ball. Last month, a record €12.2 billion left Greek banks: that is more  than any outflows experienced during any of the previous Greek crises and bailouts.

Zero Hedge is now confirming the Slogpost of last week when it says ‘the Troika did everything in its power to accelerate the bank run in order to crush any negotiating leverage Varoufakis may have had’.

As for Tsipras himself, his hardest task will be to keep the Coalition together… plus social protests and unrest coming from the KKE and Golden Dawn… both of whom are virulently anti-euro.

I wrote earlier last week that Varoufakis missed his chance to exploit the enormous Bundesbank v ECB v France rift – the thing that will do for the entire EU in time regardless of anything else that might happen. But he failed to call the bluff. That’s all Draghi had: bluff.

On Friday, with this marvellous deal nobody likes, the euro fell further, to stand at 1.38 to Sterling. If he had walked last Friday, Troika2 would’ve been in l’ordure profonde.

There is an old adage that says, “When you borrow £10,000 from a bank, it’s your problem. When you borrow US $280 billion and can’t pay it back, it’s the bank’s problem”.

So far, EU citizens haven’t paid a red cent of any of the funny-money involved in bailing out Greece. Now they will have to… and it could tip at least two of them – Spain and Italy – over the edge. This is the size of the opportunity Varoufakis missed.

On verra. But I remain at a loss to see what Greece has gained here except the bewildered disrespect of a lot of the neutrals.


Stratoulis Says Gov't To Give Christmas bonus to 1,262,920 Pensioners in Dec. 2015

Alternate Insurance Minister Dimitris Stratoulis on Saturday reiterated the government's commitment to give Christmas bonuses to 1,262,920 pensioners. Speaking on speaking MEGA Tv Saturday morning he said that the regulation is ready and its cost is exactly 545 million euros.

Stratoulis, one of SYRIZA's hard-liners, stressed that the specific regulation is not included in the draft laws that Prime Minister Alexis Tsipras announced on Friday. He announced that the new bill will be tabled in parliament in the new week, because, as he pointed out, it refers to an expense that is to take place in December 2015. According to him, there were other issues that should be promoted, such as the measures for the humanitarian crisis.

Asked by both reporters if the new law is going to be voted on within the next four months, Stratoulis noted that it did not matter whether or not it would be voted in the next four to six months because it is a benefit that is expected to be offered in December.

He said that he ruled out the possibility of cutbacks on supplementary pensions and at the same time announced that 'the retirement age limits will not be increased'.

Turning to financial issues, Stratoulis appeared totally reassuring and stated that "there is no reason for concern, because SYRIZA has "proposals and solutions" (and pointed to the regulations that Tsipras announced which are set to be tabled in parliament).


Two Suspected Accomplices of Xiros Arrested

Police officials apparently arrested two suspects on Saturday which are related with convicted terrorist Christodoulos Xiros case. According to local press reports the two suspects are alleged to be Xiros' accomplices.

Police chief Dimitris Tsaknakis would give more details later on Saturday.

(Story updated click HERE)

Conspiracy or Truth - Top Russian Spy Boris Nemtsov Gunned Down In Moscow


A preliminary report prepared by the Ministry of Internal Affairs (MoIF) under orders from President Putin states that the assassination of Doctor-Scientist Boris Nemtsov is “directly linked” to Russia’s grave warning this past week that our Earth may soon be under threat from “inter-dimensional entities” working with/through both the United States and European Union.

Dr. Nemtsov, this report notes, earned his PhD in quantum physics and mathematics in 1985 from Ural State University (aka State University of Gorky), was the author of more than 60 academic publications related to quantum physics, thermodynamics and acoustics, and invented an acoustics laser and a novel design of antennas for space apparatus.

During his student years at university, this report continues, Nemtsov was recruited by the Committee for State Security (KGB) and continued in his capacity as a scientific analyst with them until 1991, after which he became a counter-intelligence officer with the Federal Security Service’s (FSB) Scientific and Technical Service (STS) division in 1995.

Of Dr. Nemtsov’s greatest value to the Federation, this report notes, was his long association with US-double agent KGB General Oleg Kalugin (who considered Nemtsov his protégé), who betrayed Russia to the Central Intelligence Agency (CIA) and orchestrated the installment to power of Boris Yeltsin as President in 1991.

Upon Yeltsin coming to power, this report says, General Kalugin successfully installed Dr. Nemtsov into government leading former British premier Margaret Thatcher to name his as a future leader of Russia and President Barack Obama, in 2009, to describe him as a “tireless advocate” for the rights of Russian citizens after they met in 2009.

In his “double agent” role with the FSB, however, experts in this report say, Dr. Nemtsov was at the forefront of the global race to perfect quantum teleportation having been allowed access to Western (i.e. CIA) technologies supplied to him by his American handlers, but which in turn were then “technologically inspected” by the FSB.

Quantum teleportation, this report explains, is a process by which quantum information can be transmitted from one location to another, with the help of classical communication and previously shared quantum entanglement between the sending and receiving location. Once perfected, quantum teleportation satellites would allow spies to pass large amounts of information back and forth and create unhackable codes.

To the exact assassination of Dr. Nemtsov, this report says, Vladimir Markin, spokesman for the Investigative Committee, stated:
     “There is no doubt that this crime was carefully planned. The location and timing of the killing indicated that as well. The investigation found out that Boris Nemtsov was going with his female friend to his apartment, which is located close to the murder scene. The organizers and the executers apparently knew his route.”
Dr. Nemtsov’s exact route, this report continues, brought him over a bridge on the Moskva River with his companion, 23-year-old Ukrainian model Anna Duritskaya, and as they were walking from St. Basil’s Cathedral toward the Bolotnaya Square,  at 11:40 p.m. Moscow time on Friday (20:40 GMT), a white sedan stopped beside them, two men got out and unleashed their attack leaving behind six 9-mm cartridge cases at the scene (produced by several different manufacturers), took his “smart” phone, and then left the body of Nemtsov laying lifeless with four bullet wounds.

LifeNews TV channel published a video (Click HERE) from a traffic camera on Bolshaya Ordynka Street that shows a white car with the possible killers, but this has yet to be confirmed by the MoIF.

Important to note too about the assassination of Dr. Nemtsov, this report concludes, is that Russian President Vladimir Putin had warned earlier this year about the US-EU killing a top Russian figure by stating:
     “They are looking for a so-called sacrificial victim among some prominent figures, they will knock him off, I beg your pardon, and then blame [us] for that.”

February 27, 2015


Theodorakis supports KKE rally against SYRIZA government

World renowned composer Mikis Theodorakis issued a statement expressing his support for a Greek Communist Party (KKE) anti-government rally, scheduled to take place at Syntagma Square on Friday afternoon against the recent Eurogroup agreement, only a couple of days after meeting with Prime Minister Alexis Tsipras.

In his statement Theodorakis claims that after a month of the Left’s major electoral victory “three treacherous commitments still stand: handing over our national sovereignty, the universal binding of the Greece’s public property and the ban on implementing a national economic and foreign policy”.

Before meeting with Tsipras several days ago, Theodorakis urged SYRIZA to find the strength to “say no” to (German Finance Minister) Schauble’s "nein”.

KKE will be holding the rally at 19:00 on Friday night, and party general secretary Dimitris Koutsoumpas will deliver a relevant speech.

Earlier this week, KKE issued a statement accusing the government of “extending the bailout and continuing the anti-people policy”, while it claimed that a new bailout is going to be introduced over the summer. At the same time the Communist party described the negotiations between the government and Europe as being nothing else but an “advertising scam”.

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German Parliament Approves Greek extension - SYRIZA on fire With SYRIZA

The German Parliament on Friday overwhelmingly approved the Greek application for an extension of the loan agreement, as decided at last week’s Eurogroup session in Brussels. According to reports, 542 MPs voted in favor of the application, 32 voted against and 13 were absent.

With the CDU and CSU having decided to support the Greek application, the approval was never questioned. The SPD and Greens also supported the application, as did a number of Linke MPs.

In his speech, German Finance Minister Wolfgang Schauble insisted that “the decision was not easy” and that recent reports “did not make it easier". At the same time he maintained that it remains to be seen if the Greek government will uphold its commitments. He further explained that the application was not for more money, but for more time to complete the program.

Each speaker who took the stand at the German Parliament noted their reservations, either over Athens’ resolve (such as the Christian Democrats) or the effects of the policy that is being implemented in Greece (Greens and Linke).

(Social Democrat’s Axel Schafer slammed the German daily Bild for launching the provocative “campaign” against Greece and denounced the newspaper for its inflammatory stance. He also noted that “the threats of exclusion from the Eurozone and talks of a Grexit” were “nonsense”, arguing that a Grexit would not only destroy Greece, but the European Union as well).

Ahead of the vote in Germany, the European Union's financial affairs chief Pierre Moscovici told German radio on Friday that allowing any country to leave the euro zone would simply raise the question "who's next?".
      "If a country, any country, leaves, the question will arise: who is leaving next?" the European Commissioner for Economic and Financial Affairs told Deutschlandfunk in an interview.
But he added that Greece had to meet its international commitments and ensure that any additional spending resulting from its economic policies were financed.
      "The reforms the Greek government wants to launch must be financed. It is not time to talk about debts. We'll talk about that at the right time. But it's important for me to say that this is not about a reduction of debt - there's no haircut."
Meanwhile, press reports are talking about a new 30 billion euro loan and a possibility that the SYRIZa government will sign a third bailout agreement with its lenders. The same reports claim that Greece is going to need a further 30 billion euros over the next tow years.

In Germany these reports keep increasing with the Rheinische Post arguing that Wolfgang Schauble is making preparations, while comments by other German politicians suggest that they have already accepted this possibility.

The SPD’s budgetary policy spokesman Carsten Schneider argued that the critical question will be posed just before the summer, whether Greece will remain in the Eurozone, or whether it will be given a third bailout of a few “tens of billions of euros”. Schneider added that appealing to the markets for loans to cover the financing problems is a delusion.

In Athens, Alexis Tsipras’ government is under major pressure. Reality about the country's economic state has turned out to be cruel and the landing for the newly elected Prime Minister and his MPs is more than bumpy.

Tsipras is facing reactions from ministers and party officers, the defeated opposition is taking shots and demands the submission and vote for the Eurogroup agreement in parliament and worst off all, he is already sensing that he is losing ground with his voters and the Greek people.

More exactly, far-left members of the ruling SYRIZA party have begun to complain about an abandonment of campaign promises to end the current bailout once and for all. Tsipras met SYRIZA MPs for 11 hours on Wednesday in a closed-door meeting to defend the extension agreement, which includes a slate of reform pledges by his government. Nonetheless, the mood was tense. Many of the government's 149 deputies are worried that the promised reforms are at odds with the SYRIZA’s own policy program approved by parliament.

The session was closed to the media and only limited information was leaked to the press. According to some reports Tsipras insisted on a show of hands asking those who oppose the deal say so.

Apparently Parliament speaker Zoi Konstantopoulou expressed serious doubts about the deal, while MP Rachael Makri stated that she abstained from the vote. On the other, Yannis Milios launched an attack on the negotiating tactics of Finance Minister Yanis Varoufakis writing that Greece’s economic team was ill-prepared for the talks with the creditors.

Panagiotis Lafazanis, who heads the party's hard line Left Platform, became the first government minister to publicly break from the deal, telling the newspaper Ta Nea he would halt privatisations of Greece’s state power, gas trading and oil refining companies — despite a vow from Varoufakis not to stop privatisations already under way.

References: AFP, Reuters, ANA-MPA, Kathimerini, To Vima

Editor's Note: As we can all see, the enthusiasm of the first days in power is gradually retreating and giving way to a major concern on the how Greece will make its way forward. Prime Minister Alexis Tsipras has no other choice other than to work hard and do whatever he can to safeguard Greek interests. The SYRIZA party still has the opportunity to prove to itself and its voters that it can successfully manage Greek affairs but if it keeps on stalling, telling lies to the Greek people, and concentrates more on its image rather than the real problems at hand, then it will take another seventy years for them to rise up to power again.

Chaos Returns - Anarchists Burn Athens, Smash Cars, Torch Storefronts

Late on Thursday night, a group of anarchists, who had taken part in a march that was protesting against the latest agreement with Greece's creditors, went on a rampage and began torching the city center. As a result they smashed store fronts, torched a series of automobiles and literally trashed the center of Athens after throwing dozens of Molotov cocktails at several riot police units.

The incidents were the first of their sort under the new SYRIZA government, and certainly took authorities by surprise (as well as those within the SYRIZA party who have never hidden their fondness to these vigilantes as well as to what they once described as repressive police tactics).

During the clashes, the Greek riot police did not intervene and despite of this they were still flooded with firebombs, rocks and slabs of cement from the rioting youths.

Earlier, following a march through central Athens, along with far-left ANTARSYA (Anticapitalist Left Cooperation for the Overthrow)party, which did not join in the rioting, the anarchists targeted jewelry and bank storefronts and bus stops.

Editor's Note - Time for SYRIZA to clean up house... and forget about having a riot police force that passes out flowers instead of calming down rioting vigilantes and hooligans.


New Democracy Slams Gov't On Release Of Migrants From Detention Centers

The main opposition New Democracy party called on the government to guarantee the safety of Greek citizens earlier this week following its decision to shut down migrant detention centers. At the same time the conservative party slammed the government for wanting to grant Greek citizenship to well over 300,000 illegal immigrants.
      "The government suspended the deportation of dozens of irregular migrants and opened wide the gates of the detention centres, casting them adrift wandering the streets," New Democracy spokesman Costas Karagounis said adding that at the same time the SYRIZA government will grant Greek citizenship to 300,000 irregular migrants.
"Unfortunately, they demolish what was built with strain. Unfortunately, they put their obsolete ideas above the public interest," Karagounis noted.
He then called on SYRIZA to stop the demolition, to restore the operation of detention centres and proceed with their return to their country of origin.

Meanwhile, a report in kathimerini said that the government released more immigrants and asylum seekers from detention centers across Greece on Thursday. In fact some 315 persons have been released from a total of six camps. The figure included 17 unaccompanied minors who were transferred to a reception center in Volos, central Greece.

According to the article in Kathimerini, 110 people have so far been released from the center in Amygdaleza, north of Athens, 15 from Xanthi, 41 from Paranesti in Drama and 17 from Evros (northern Greece). Another 128 persons have walked out of the detention center in Corinth in the Peloponnese, while four have left the Hellinikon center in southern of Athens.

Commenting on the issue, Alternate Minister for Immigration Policy Tasia Christodoulopoulou said on Thursday that the process would continue until most centers close down.


BUSTED - Lawyer In Vatopedi Case Finally Convicted of Extortion

An Appeals Court convicted a Greek lawyer to 36 months in prison with a three-year suspension for extortion related to property transferred to the Vatopedi Monastery. The case is related to property claims of farmers renting land in Nea Redestos, which had been transferred to the Vatopedi Monastery on Mont Athos and was then sold to the company "Anthemias".

The case came to light when a video emerged showing the lawyer, Mihalis Koukouvinos, asking for money from a businessman to block the legal actions of the farmers.

Apart from extortion, Koukouvinos was also found guilty of fraud at misdemeanor level for a transaction involving one of his clients.

Here are the controversial videos that clearly show this criminal act and prove that the infamous Vatopedi case was based on a lawyer (or extortionist) who took advantage of an issue that had already been decided by the PASOK party in the late 90s. As you will see, the case has nothing to do with what you have come to know about the Vatopedi case.

Since the beginning, HellasFrappe has noted that this so called scandal was never a scandal to begin with. The only reason many may still believe that it was a scandal is because it was formulated to bring down the government of former ND leader Costas Karamanlis.

Keep in mind, that until the Vatopedi case came to light, Karamanlis was extremely popular with Greek voters and the establishment" who was desperate to bring George Papandreou to power was striking at his government (from morning to night via the Greek and int.'t media). Why? They were against Karamanlis' pivot to Russia -via the Bourgas-Alexandroupolis pipeline-, angry with Karamanlis' veto to FYROM's accession to NATO and certainly not pleased with Karamanlis' stance on the destructive Annan plan for Cyprus. They wanted to bring him down and out of the way.

After setting off a destructive plot (named the Pythia plot) to take down his government, as well as attempting to assassinate him, they took advantage of a local extortionist case and glamorized it to the international media by making it look like he was supporting greedy monks.

Below you can view the two controversial videos that were aired in late 2008 following George Papandreou's "money exists" speech at the Thessaloniki Trade Fair. A speech, which we all know, was PASOK's bow to the establishment and the beginning of the Troika's entrance to Greece. Following this, we have also posted a link to read the original story that is connected to this article which proves that there was never any scandal to begin with.

If you want to find out the truth about this issue then we suggest that you read HellasFrappe's Special Report by Clicking HERE
     When the Vatopedi case comes to mind people automatically characterize it as a scandal where money laundering and embezzlement walked hand in hand between government officials and simple Monks. This is because both the domestic and international press worked hard at spreading many falsifications about this case, which today are very difficult to prove otherwise.
     The reason is obvious: The case has never been presented to the public in the correct manner for all the obvious reasons. Vatopedi was the tool used by the "establishment" to bring down the popular Karamanlis government which we all know had turned its back on the West and was looking towards Russia and the BRICS countries for prosperity. (In terms of energy and pipelines).
      What some people do not know is that the Vatopedi issue basically surfaced -or made it to prime time- when the government of Karamanlis declined to help oligarch D. Kontominas out of a swindling deal. Kontominas, the enigmatic Greek billionaire known for numerous international financial swindles, and who is the owner of ALPHA Television channel in Greece, was accused a decade ago for criminal acts which his companies conducted in other foreign countries (especially in Africa). 
Read more by Clicking HERE

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The articles posted on HellasFrappe are for entertainment and education purposes only. The views expressed here are solely those of the contributing author and do not necessarily reflect the views of HellasFrappe. Our blog believes in free speech and does not warrant the content on this site. You use the information at your own risk.


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