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Thrust of argument: Binoy Kampmark writes 'Instead of exiting a system weakened by its own internal contradictions and failings, Greece is to partake in another mistake wrapped in the rhetoric of pro-European kitsch. In what is tantamount to placing a gun to the head of Greece's sovereignty, parliamentarians will have till Wednesday to finalise what effectively amounts to a suicide pact.

The accord effectively sees the German-led Eurozone group demand control of Greek finances without the provision of debt relief or even a vague sense of genuine debt restructuring. This is a creditor's vision on steroids, absurdly ambitious and destructive.

Varoufakis saw it coming, calling it 'worse' than any other deals placed on the table before. 'I trust and hope that our government will insist on debt restructuring, but I can't see how German finance minister [Wolfgang Schäuble] is ever going to sign up to this. If he does, it will be a miracle' (New Statesman, Jul 13).'.
Direction of resistance / implied resistance: Oh no it isn't!

 

I WOULD TRADE NOW ON:
bae (at half strength)
AT APPROX 558.50 capita (at half strength)
AT APPROX 473.50 centrica AT APPROX 142.30 directline AT APPROX 356.20 g4s AT APPROX 251.80 gkn AT APPROX 302.80 glencore AT APPROX 352.00 m&s AT APPROX 315.30 rollsroyce (at half strength)
AT APPROX 833.00 rsa (at half strength)
AT APPROX 598.50 standardlife AT APPROX 418.90

THIS IS NOT TRADING ADVICE. CLICK HERE FOR MORE DETAILS.

 

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Removal of resistance: Oh yes it is! Unification: That'll be 15 pounds entrance fee each, thank you ladies and gentlemen.
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(TVhobo's estimated size of readership since 2013, mainly in the UK and USA, with Germany in third place:
over 200,000 readers across approximately 200 cities/towns

 

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1. Server time: 12:4:45 on 2/12/2017
2. Server time: 12:6:15 on 2/12/2017

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References:

http://www.counterpunch.org/2015/07/14/the-occupation-of-greece-a-financial-coup-detat/

 

 

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Click here to read about Shams Pirani, the editor and chief author on this grid - note, if you can actually prove anything written above wrong, I would gladly, if the proof is sufficient, correct what I've written and what I think - if I could, however, prove your attempted proof wrong, then I would accordingly say so and maintain whatever point of view is completely based on fact and proof.