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Tuesday, July 3, 2012

UK's borders 'will be closed' to refugees from Greece and other failing ...


Daily Mail

UK's borders 'will be closed' to refugees from Greece and other failing ...
Daily Mail
David Cameron has been told that he can make use of extraordinary legal powers to close the doors to European migrants who immigration officers cannot usually prevent coming to Britain.
David Cameron 'prepared to halt immigration of Greeks into UK'The Guardian
UK could restrict Greek immigrantsHerald.ie

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David Cameron 'prepared to halt immigration of Greeks into UK'

Prime minister says it would be in UK's interests to impose stringent border controls if Greece is forced to leave euro

David Cameron is prepared to override Britain's historic obligations under EU treaties and impose stringent border controls that would block Greek citizens from entering the United Kingdom, if Greece is forced out of the single currency.

The prime minister told MPs that ministers have examined legal powers that would allow Britain to deprive Greek citizens of their right to free movement across the EU, if the eurozone crisis leads to "stresses and strains".

In an appearance before senior MPs on the cross-party House of Commons liaison committee, the prime minister confirmed that ministers have drawn up contingency plans for "all sorts of different eventualities".

The worst-case scenario is understood to cover a Greek exit from the euro, which could trigger a near-collapse of the Greek economy and the flight of hundreds of thousands of its citizens who are currently entitled to settle in any EU country.

The prime minister said Britain is prepared to take measures to avoid a major influx of Greek citizens. "I would be prepared to do whatever it takes to keep our country safe, to keep our banking system strong, to keep our economy robust. At the end of the day, as prime minister, that is your first and foremost duty."

Asked by Keith Vaz, the Labour chairman of the House of Commons home affairs select committee, whether he would restrict the rights of Greek citizens to travel to Britain, the prime minister said he would be prepared to trigger such powers.

"I hope it wouldn't come to that," he said. "But, as I understand it, the legal powers are available if there are particular stresses and strains. You have to plan, you have to have contingencies, you have to be ready for anything – there is so much uncertainty in our world. But I hope those things don't become necessary."

Theresa May, the home secretary, confirmed last month that the government was examining contingency plans but indicated that she did not see any "increased movement". May told the Andrew Marr Show on BBC1 on 10 June: "So far ... we're not seeing any trends in any increased movements despite obviously the significant problems already economically in a number of eurozone countries. But I think it's right that as a government across the board, we look at the contingency arrangements that you know might be needed in these circumstances."

In his appearance before the committee, the prime minister also appeared to give the impression that he might abandon plans to publish the tax affairs of senior cabinet ministers. His remarks came after former Labour minister Margaret Hodge asked whether the government would publish details of so called "sweetheart" tax deals between the HMRC and large companies.

Cameron promised to write to Hodge after considering the matter. But he added: "The fact that we have taxpayer confidentiality is hugely important. Imagine the dangers of politicians fiddling around with each other's tax affairs. It just doesn't bear thinking about."

It is understood that the prime minister will publish limited tax details of a handful of senior cabinet ministers by the next general election in 2015. Cameron is understood to feel he has to follow the "Boris precedent" – the commitment by the London mayor in the recent election to publish his tax details – though it is expected that the prime minister will publish a redacted version of his tax return.


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Greece: The Youth Vote for Change


Pulitzer Center on Crisis Reporting

Greece: The Youth Vote for Change
Pulitzer Center on Crisis Reporting
The dream of every Greek used to be a public-sector job with lifetime tenure, says 21-year-old Pantelis Sterogiannis, a New Democracy party supporter. Now, he says, “we need to learn how to make our own jobs – but we also need good policies to make ...

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Irish to sell debt for 1st time in nearly 2 years





The other two eurozone members being financed by international bailouts, Greece and Portugal, never formally left the bond markets and have continued to sell short-term securities maturing within three to 18 months by offering premium yields.

Finance Minister Michael Noonan has said Ireland hopes to gradually increase the cash value and duration of new Irish treasury bills and resume normal borrowing at rates below 5 percent by mid-2013.

For more than a decade Ireland's booming economy, dubbed the Celtic Tiger, recorded impressive government budget surpluses underpinned by cheap credit, soaring consumer spending and above all a galloping housing market.

[...] the party ended in 2008 as a global credit crunch exposed the massive gambles that Ireland's banks had taken in the property market.


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UK could curb migration if euro crisis worsens: PM

LONDON (Reuters) - Britain could restrict immigration of Greeks and other migrants from euro zone countries affected by Europe's sovereign debt crisis in the event of "extraordinary stresses and strains", Prime Minister David Cameron said on Tuesday.



READ THE ORIGINAL POST AT www.reuters.com

Greece: 'Alarming' New Information About Its Economy


Greece: 'Alarming' New Information About Its Economy
Voice of America (blog)
Greece says its recession is deepening and will present “alarming” information about the state of the country's economy this week to international auditors in a new effort to ease the terms of the government's latest bailout. A government spokesman ...


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Human rights group slams Greek police violence

Amnesty International charged in a report Tuesday that Greek police often use violence against demonstrators, migrants and detained suspects, and that authorities' willingness to downplay the problem exacerbates a "climate of impunity."

READ THE ORIGINAL POST AT news.yahoo.com

Greece To Present Debt Inspectors 'Alarming' Data


Greece To Present Debt Inspectors 'Alarming' Data
NPR
ATHENS, Greece (AP) — Greece's new government will present "alarming" data on its recession and unemployment to international debt inspectors this week, in a bid to renegotiate the terms of its bailout agreements. Government spokesman Simos ...


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Greek government says aims to cut deficit, revive economy


euronews

Greek government says aims to cut deficit, revive economy
Reuters
ATHENS (Reuters) - Greece's new government will focus on cutting the country's budget and current account deficits together with reviving its recession-hit economy, Deputy Finance Minister Christos Staikouras.
Greek govt says aims to cut deficit, revive economyeuronews

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Thanos Dimadis: The American Guidance Europe Needs

The U.S. president's reelection in November seems to be more and more uncertain as the financial storm in Europe continues to devastate people's and the...

READ THE ORIGINAL POST AT www.huffingtonpost.com

Greek government owes suppliers 6.5B euros


Greek government owes suppliers 6.5B euros
ForexLive (blog)
Greek deputy finance minister Stakouras said the governments main focus is reducing twin deficits. If possible, he said, another goal is to pay down 6.5 billion.

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Human rights group Amnesty International criticizes violence by Greek police

ATHENS, Greece - The human rights group Amnesty International says Greek police routinely uses violence against demonstrators, migrants and suspects in police detention.

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Greek government presses ahead with austerity


Greek government presses ahead with austerity
World Socialist Web Site
Within days of being elected, the Greek coalition government led by New Democracy has already reneged on the few pledges it was forced to make in order to placate massive opposition to years of austerity.


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Greek FM to Turkey: Stop Threats


Famagusta Gazette

Greek FM to Turkey: Stop Threats
Journal of Turkish Weekly
Greeceís new foreign minister has called on Turkey to stop its ìthreats and aggressive attitudeî toward Greek Cyprus and to help in the islandís reunification, as he met with Greek Cypriot President Demetris Christofias yesterday during his first ...
Cyprus readies for bailout talks with EU, IMFHouston Chronicle
Divided nation state set to enjoy its six months in sunIrish Times
Greek FM: Turkey's threats against Cyprus must end immediatelyFamagusta Gazette
Jakarta Post -National Turk English
all 272 news articles »

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Greeks make London push despite crisis


Greeks make London push despite crisis
NDTV
Greek Olympic chiefs insist that the country's financial crisis will not lead to a slimmed-down team being sent to the London Olympics.

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Greece faces critical audit


Greece faces critical audit
NEWS.com.au
Greek Prime Minister Antonis Samaras has huddled with ministers and allies ahead of a crucial creditor audit.


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Bailout Envoy Urges Greece to Speed up Reforms


Bailout Envoy Urges Greece to Speed up Reforms
ABC News
A senior European Central Bank official urged Greece's new government on Monday to avoid further delays in implementing major structural reforms. ECB board member Joerg Asmussen is in Athens as the struggling country's new coalition government holds ...


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Athens Seeks Improved Bailout Deal

Greece will push for a better bailout deal when it resumes long- stalled talks with international lenders this week—including asking for a Spain-style deal for its banks.

READ THE ORIGINAL POST AT online.wsj.com

Greece Seeks Improved Deal

Greece will push for a better bailout deal when it resumes long- stalled talks with international lenders this week—including asking for a Spain-style deal for its banks.

READ THE ORIGINAL POST AT online.wsj.com