Greek PM Accused Of Treason: Προδίδουν ότι κερδήθηκε στην επανάσταση του 1821 και στην Εθνική αντίσταση!

Είναι απίστευτη η στάση που κρατούν διεθνή μέσα απέναντι στις καταγγελίες του Πάνου Καμμένου και τα στοιχεία που προσθέτουν, την ίδια στιγμή που τα Ελληνικά ΜΜ”Ε” κάνουν ότι μπορούν για να τις θάψουν!

The U.S. Central Intelligence Agency warned in a report that the tough austerity measures and the dire situation could escalate and even lead to a military coup, according to a report by Germany’s popular daily Bild.

According to he CIA report, ongoing street protests in crisis-hit Greece could turn into escalated violence and a.....

rebellion and the Greek government could lose control, said Bild. The newspaper said the CIA report talks of a possible military coup if the situation becomes more serious and uncontrolled.

Greece is under immense pressure owing to public debt that has swollen to 340 billion euros. The EU, IMF and European Central Bank are pressing Greece to step up a privatization program and get all political parties to approve more austerity and reform measures that have sparked violent protests, but emergency talks called by the president on Friday failed to make any headway, AFP reported.

Opposition parties have mostly refused to support the government in its quest to cut spending by trimming an overblown civil service and the sweeping privatization drive announced this week has attracted even stronger protests.

Meanwhile, the Dutch finance minister said his country, Germany, Finland and other EU members won’t give Greece any more bailout money, if the debt-laden country fails to adopt further austerity measures.

Jan Kees de Jager said Saturday that “it’s vital that Greece will live up fully” to conditions set by the International Monetary Fund if it’s to receive the next batch of a 110 billion euros ($155 billion) bailout loan deal it agreed to last year, the Associated Press reported.

Last year, as the financial crisis battered Greece, Bild went as far as to highlight a suggestion by a conservative politician that Athens sell off some of its many islands to help pay off its debts.

A bailout for Greece was put in place a year ago by the EU, the European Central Bank and the International Monetary Fund, involving loans of 110 billion euros ($157 billion) over three years.

But there are now grave doubts whether Athens can meet its repayments and talk of a second bailout, or even a drastic debt restructuring, is rife.

Recently, in an interview on Greek television, Member of Parliament for New Democracy, Mr. Panos Kammenos, made allegations that if true, could very well constitute treason for the Greek Prime Minister, members of his staff and possibly members of his own family. These allegations were repeated by Mr. Kammenos on the floor of parliament and given support by the leader of LAOS, Mr. George Karatzaferis. These allegations are therefore, not made lightly, and have now been plainly put forth before the Greek people. They can no longer be ignored, and the Prime Minister is obliged to respond to them.

The gist of the allegations rest on the charge by Mr. Kammenos, that the Greek Prime Minister, Mr. George Papandreou and members of his team, presided over the sale of 1.3 billion dollars worth of credit default swap contracts (CDS on Greek sovereign debt) on or around December of 2009, shortly after coming to power. The 1.3 billion dollars worth of insurance protecting against a Greek default was bought during the spring and summer of the same year, by the Hellenic Postbank, a public banking arm of the Greek government. It is unclear what the intentions of the Postbank were when it purchased the credit protection. Clearly, the previous government that was in power at the time (New Democracy or N.D.) understood that Greece was headed towards a fiscal crisis, otherwise they would not have purchased the insurance. However, we do not know if the move was initially made with the intention of reaping private profit, or simply as a hedge by the government itself against it’s own default.

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Unfortunately, the story gets much worse. Around the time that the Hellenic Postbank of Greece sold these CDS to IJ Partners, the Prime Minister’s office was consulting with the International Monetary Fund about how to proceed with what eventually would become the notorious 110 billion dollar Greek bailout package. News of these discussions had not yet leaked, and the Prime Minister had yet to address parliament on the matter. In addition, credit markets had yet to uncover the extent of the impairment to Greece’s national balance sheet, as the country’s bonds were still trading at below 200 basis points spreads from German bunds. In practical terms, this meant that anyone fortunate enough to have bought Greek CDS during this period would be in a position to make an absolute fortune. It also means that anyone who owned, or had a stake in Greek CDS stood to benefit directly from either a Greek default, or the perception that a default was increasingly possible, since this would drive up the price of credit protection, and thus the value of Greek CDS.

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And yet, in addition to all the things that I just mentioned, during this period where Greek bonds were being sold short (in some cases using naked short selling) by the major banking institutions in Europe and the United States (including Goldman Sachs, JP Morgan, RBS, HSBC, UBS, Deutsche Bank, Societe General, etc.), the Central Bank of Greece quite curiously decided to change the legal settlement period for shorting government bonds from 3 days to 10 DAYS. This had the ostensible effect of aiding naked short sellers who were able to keep their positions against Greek national debt open longer, thus driving down the price of the country’s bonds, spiking it’s yields, and pumping up the price of Greek CDS.

The criminal implications of this accusation are so immense that I cannot begin to contemplate what the punishment should be if it were proven to be true. What I can say is that Mr. Kammenos, despite the fact that he has put himself in a very precarious position by exposing this fraud in the public domain, is NOT THE ONLY ONE MAKING THE ACCUSATION. Read full article here.

IS the CIA Involved?

Turkish daily Hurriyet, which paraphrases German Bild, which in turn references a CIA report, warns that Greece could face a military coup if the “tough austerity measures and the dire situation” escalate any further. On the other hand, one can avoid this belabored hypertextual chain and simply look at what happens practically every day on Syntagma square where yet again we are witnessing record numbers of people protest against what everyone now realizes is a dead end regime (luckily, in a peaceful manner, for now). More Captain Obviousness (thank you Grant Williams) from Hurriyet: “According to the CIA report, ongoing street protests in crisis-hit Greece could turn into escalated violence and a rebellion and the Greek government could lose control, said Bild. The newspaper said the CIA report talks of a possible military coup if the situation becomes more serious and uncontrolled.” Luckily, following last year’s Athens mob-inspired flash crash, and 2011′s MENA revolutions, the market is rather desensitized to this sort of thing, and nothing short of fat-finger driven invasion of Greece by Turkey, in its humanitarian bid to reestablish the Ottoman Empire 2.0, could dent the /ES or EURUSD by more than 0.01%. Read Article Here

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