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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:
bp AT APPROX 472.00 bt AT APPROX 237.00 capita (at half strength)
AT APPROX 179.35 hammerson (at half strength)
AT APPROX 469.70 icag (at half strength)
AT APPROX 609.00 sage (at half strength)
AT APPROX 699.40 standardlife AT APPROX 392.00 taylorwimpey AT APPROX 190.40 vodafone AT APPROX 203.00

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
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References:

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

 

 

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