Greek GDP to shrink by 5.3% in 2011 due to austerity measures; media and government feign surprise

Greece admits economy will shrink more than expected

Greece’s finance minister has said that the economy will shrink more than expected this year, putting further pressure on the country’s ambitious deficit-cutting effort.

By AP

7:40PM BST 22 Aug 2011

Evangelos Venizelos said the ministry forecasts annual output to shrink in 2011 between 4.5pc and 5.3pc of GDP.

Venizelos had previously admitted that the recession might be over last year’s 4.5pc, a whole percentage point worse than initially estimated. The government has forecast a timid return to growth in 2012, but that now seems very unrealistic.

“All the measures we are taking … are aimed to stem the recession,” Venizelos said.

Read more at: http://www.telegraph.co.uk/finance/financialcrisis/8716828/Greece-admits-economy-will-shrink-more-than-expected.html

German minister is latest to raise issue of collateral for Greek bailout

Minister drags Berlin into euro crisis collateral row

By Stephen Brown and Gernot Heller

BERLIN | Tue Aug 23, 2011 8:49am EDT

BERLIN (Reuters) – A minister in Angela Merkel’s conservative party propelled Germany into a debate about guarantees on bailout payments to Greece, backing a demand from Finland for collateral, but Berlin distanced itself from her comments.

Read more at: http://www.reuters.com/article/2011/08/23/us-eurozone-germany-collateral-idUSTRE77M2DZ20110823

Merkel says “Nein” to eurobonds

Merkel affirms stance against euro bonds

August 22, 2011|New York Times

FRANKFURT – Chancellor Angela Merkel reemphasized her opposition yesterday to issuing bonds backed by all eurozone countries, a position that could unsettle investors.

Merkel told ZDF television the euro bonds would be an option only in the distant future.

“It will not be possible to solve the current crisis with euro bonds,’’ she said. She added that “politicians can’t and won’t simply run after the markets.’’

“The markets want to force us to do certain things,’’ she added. “That we won’t do.’’

Read more at: http://articles.boston.com/2011-08-22/business/29915370_1_european-central-bank-euro-bonds-eurozone-countries

Bundesbank questions legality of EU bail-outs and ECB bond buying

By Ambrose Evans-Pritchard, The Telegraph

Germany’s Bundesbank has issued a blistering critique of EU bail-out policies, warning that the eurozone is drifting towards a debt union without “democratic legitimacy” or treaty backing.

Read more at: http://www.telegraph.co.uk/finance/financialcrisis/8716783/Bundesbank-questions-legality-of-EU-bail-outs.html

 

 

TOXIC METALS FOUND IN PANDEMRIX SWINE FLU VACCINE BY SWEDISH DOCTOR

*A DOCTOR IN SWEDEN HAS FOUND THE TOXIC METALS ARSENIC AND TIN IN PANDEMRIX SWINE FLU VACCINE

*DEADLY POISONS PRESENT IN SIGNIFICANT AMOUNTS

*NATIONAL AUTHORITIES FAILED TO REACT  TO HIS RESEARCH

*DOCTOR FEARS THE CONTAMINATION OF DRUGS WITH POISONOUS METALS COULD BE WIDESPREAD

 

A doctor inSwedenhas found traces of the toxic metals arsenic and tin in GlaxoSmithKline’s swine flu Pandemrix vaccine.

The consultant anaesthetist at aUniversityHospitalsaid he was surprised to find “quite robust amounts of colloidal or nano-sized heavy metals” when he conducted an ICP analysis of GSK’s swine flu vaccine.

He found the following concentration in Pandemrix: arsenic [As] = 2.421 ppm and tin [Sn] = 1.511 ppm.

There was no indication on the product details supplied by GSK that the Pandemrix vaccine with the ASO3 adjuvant contained these toxic compounds.

Colloidal or nano-sized arsenic is a strong and active haemolytic agent. In addition, both arsenic and tin are known to be carcinogenic, to disturb DNA and to be deadly poisonous.

NORWEGIAN POLICE COME UNDER FIRE FOR INACTION DURING UTOYA MASSACRE

*Heavily armed police stood and watched shooting spree of Anders Behring Breivik for half an hour; police were only 600 metres from Utoya island with plenty of boats available, say witnesses

*Police tried to stop tourists from rescuing teenagers swimming for safety of shore

*Video shows police anti terrorism unit arriving at the camping site, turning around and heading off again for more distant camp site

*Video confirms police set off to make unnecessarily long 3.6 km journey in small boat

*Military helicopter was available

*Breivik rang police ten times to surrender

*Breivik said he was carrying out his mission for the Knights Templar of Europe, knew which operations leader to contact

 

Police in Norway are coming under growing criticism after it emerged that they could have stopped the shooting spree of Anders Behring Breivik much sooner.

Breivik killed 69 people during a massacre on July 22 on the island of Utoya which lasted 61 minutes in addition to killing another 8 people as part of a bomb attack in Oslo. He surrendered as soon as the police arrived on the island at 18:25.

Local police armed with machine guns and wearing protective body armour arrived at the camping site opposite the island of Utoya at 17:52 but stood and watched idly while Breivik carried out his shooting rampage, it has emerged.

Alex Jones: London riots a pretext for Internet crackdown

Alex Jones: London riots a pretext for Internet crackdown • RT August 18, 2011

Jordan Blackshaw and Perry Sutcliffe-Keenan were two of several demonstrators that were given harsh sentences for petty crimes in the recent UK riots.

Another looter got six months for stealing a case of bottled water. Alex Jones, radio host of the Alex Jones Show, tells us why this is a severe overreaction on the UK’s part and how he is not surprised.

More on: http://www.infowars.com/alex-jones-london-riots-a-pretext-for-internet-crackdown/

Resistance by German people and parliament to EU superstate and eurobonds force elite to “huff and puff”

August 17, 2011, 12:37 PM GMT

Merkel and Sarkozy Recycle Old Ideas

By Bernd Radowitz , WSJ

It’s not surprising that investors gave a lukewarm reaction to the proposals made by German Chancellor Angela Merkel and French President Nicolas Sarkozy Tuesday–with great fanfare–in the Élysée Palace in Paris.

JP Morgan Chase Bank’s Malcolm Barr said the measures consist of lots of rhetoric with questionable substance.

“Tough questions about sanctions for fiscal misbehavior and the degree of sovereignty nations are prepared to pool remain unanswered,” Mr. Barr said.

Read more at: http://blogs.wsj.com/source/2011/08/17/merkel-and-sarkozy-recycle-old-ideas/

Le Monde: “Declare war or liquidate your creditors …some historic methods of freeing yourself from debt.”

Whither Sarkozy’s ‘ancien régime’?

August 15, 2011 8:26 am by Gideon Rachman, FT

The French debate about their national debt seems to have taken a new and faintly alarming turn. The lead article on the front page of yesterday’s Le Monde was headlined: “States and their debts: a brutal struggle since the Middle Ages”.

In a sub headline, the paper proclaimed: “Declare war or liquidate your creditors …some historic methods of freeing yourself from debt.”

Read more at: http://blogs.ft.com/the-world/2011/08/whither-sarkozys-ancien-regime/#ixzz1VIpteAIz

Rick Perry joins in attack on the Federal Reserve to get votes

Kurt Nimmo
Infowars.com
August 17, 2011

If Rick Perry is going to preempt Ron Paul and hijack the liberty vote, it will mandatory for him to copy Paul’s philosophy, including abolishing the Federal Reserve.

He did this on Monday at an event in Cedar Rapid, Iowa. “Printing more money to play politics at this particular time in American history is almost treacherous — or treasonous in my opinion,” Perry said about the Fed . “I know there’s a lot of talk and what have you about if this guy prints more money between now and the election. I don’t know what y’all would do to him in Iowa, but we would treat him pretty ugly down in Texas.”

Read more at: http://www.infowars.com/perry-apes-ron-paul-in-attack-on-fed-cartel/