Emailed to Recaps:
SCZIN11 FOLKS, PM ABADI AND THE COM, ACTED TODAY, AS THEY PROMISED ON TUESDAY THEY WOULD...
THEY MET, THEY DISCUSSED THE DINAR EXCHANGE RATE CRAZINESS THAT HAS BEEN OF SUCH MEDIA ATTENTION OVER THE LAST WEEK…
THEY HAVE COME TO THE CONCLUSION, IT IS TIME TO GET THE IRAQI PEOPLE TO BELIEVE IN THE THE NEW REGIME...
THEY HAVE DECIDED TO SHOW THE WORLD IRAQ IS HERE, AND NOT GOING ANYWHERE....
THEY HAVE DECIDED IT IS THE TIME TO MAKE THE CBI DO WHAT THEY HAVE STATED THEY WANTED TO DO, BUT HAVEN'T BEEN ABLE TO ACCOMPLISH…
BY ELIMINATING THE 8% TAX ON THE EXCHANGING OF DINAR FOR DOLLAR, THEY WILL BE ABLE TO STABILIZE THE EXCHANGE RATE FOR THE PEOPLE OF THEIR GREAT NATION
AND THEY ARE CALLING ON THE ACTING GOVERNOR OF THE CBI TO FACE THESE EDICTS, ON SUNDAY AT THE EXTRA ORDINARY EMERGENCY FINANCE COMMITTEE MEETING...
WITH PARLIAMENT COMING BACK JULY 1, AMNESTY LAWS BEING PRESENTED IMMEDIATELY, AND ALSO WITHIN FIRST WEEK, THE REPORT FROM INTEGRITY COMMITTEE ON THE FALL OF MOSUL....
FOLKS WE ARE MOST DEFINITELY ON THE VERGE OF SOMETHING MAJOR HAPPENING.....ALL ON THE HEELS OF RAMADAN
tman23 It's all quite simple... The Kurds have antied up, the Kurds have laid their cards on the table,
IT IS NOW TIME FOR ABADI GOVERNMENT TO SHOW THEIR HAND, IT IS PUT UP OR SHUT UP!
AND MONEY TALKS, BS WALKS!
As I have said for the past 6 weeks or so...JUNE IS THE END OF THE ROAD!
Thunderhawk: VIDEO: Euro zone sets emergency summit on Greece as money flees
Euro zone leaders will hold an emergency summit on Monday to try to avert a Greek default after bank withdrawals accelerated and government revenue slumped as Athens and its international creditors remain deadlocked over a debt deal.
Finance ministers of the 19-nation currency bloc failed to make any breakthrough on a cash-for-reforms agreement at talks in Luxembourg on Thursday, just 12 days before Greece must make a crucial debt repayment to the International Monetary Fund.
The European Central Bank told the meeting it was not clear whether Greek banks would be open on Monday, officials said.
"Regrettably ... too little progress has been made. No agreement is in sight," Jeroen Dijsselbloem, chairman of the Eurogroup, told a news conference. Ministers sent a strong signal that it is up to Greece to make new proposals, he said.
European Council President Donald Tusk said in a statement he had summoned heads of state and government of the euro area to meet in Brussels at 1700 GMT on Monday to discuss Greece "at the highest political level".
IMF Managing Director Christine Lagarde said further dialogue was needed "with adults in the room".
Greece said it had put a "radical proposal" for budget monitoring on the table to show its willingness to reach a deal, the finance minister said.
Dijsselbloem said if there was a last-minute deal next week, there would have to be some extension of the current bailout to allow time for disbursement.
Greek savers pulled out some 2 billion euros between Monday and Wednesday after weekend negotiations collapsed in Brussels, senior banking sources told Reuters. That is double the amount that the European Central Bank granted Greek banks in extra emergency liquidity assistance (ELA) this week.
Asked at the meeting whether Greek banks would be open tomorrow, ECB Executive Board member Benoit Coeure said: "Tomorrow, yes. Monday, I don't know," according to officials with knowledge of the talks.
The IMF dashed any hope that Athens could avert default if it fails to repay a 1.6 billion euro ($1.8 billion) loan by the end of June, piling pressure on Prime Minister Alexis Tsipras, who shows no sign of yielding to the lenders.
The 2 billion euros taken out in just three days represents about 1.5 percent of total household and corporate deposits of 133.6 billion euros held by Greek banks as of end-April.
A finance ministry spokesman declined comment on the latest capital outflows. A government spokesman said on television late on Wednesday there was no plan to introduce controls.
Tsipras, elected on a promise to end austerity, is demanding a "political level" bargain in which European creditors promise Greece debt relief before he will make any more concessions.
But the deposit flight and revenue slump may force him to climb down, with the Greek central bank warning of economic catastrophe if Greece defaults and leaves the euro zone.
Athens reported a steep 24.6 percent fall in its revenues in May, including a 50 percent fall in tax returns, even though the central government posted a primary surplus before debt service in the first five months of this year.
ESCAPE HATCH CLOSED
Lagarde closed one of Greece's last potential escape hatches, declaring that the global lender would consider Athens in default if it misses the June payment, despite reports there might be some leeway.
Greece said on Wednesday that the government does not have the money to repay the IMF loan, which is the first in a series of debt repayments over the summer.
German Chancellor Angela Merkel said a deal was still possible to provide Greece with additional funds, if Athens showed the necessary will.
In a guest column for Der Tagesspiegel newspaper in Berlin, he sought to dispel what he called a "myth" that German taxpayers were paying Greek pensions and wages.
"The blind insistence of cuts (in pensions) in a country with a 25 percent unemployment rate and where half of all the young people are unemployed will only cause a further worsening of the already dramatic social situation," he said.
A combination of a default and capital controls could set Greece on a path out of the euro zone and even the EU itself, the Greek central bank warned this week. It would be the first country to leave the currency area or the Union.
For its part, Russia quashed speculation that President Vladimir Putin - at loggerheads with the West over Ukraine - would ride to Greece's rescue. A deputy finance minister told Reuters there had been no request for money from Greece, and Russia had no resources for such a bailout.
Financial markets reflected growing alarm about the risk of a Greek default. European shares fell and Greek shares .ATG hit a new three-year-low.
In a sign of growing nervousness among many Greeks about their country's fate, pro-euro demonstrators planned a rally in central Athens, calling for an end to the deadlock. The previous day, anti-austerity protesters rallied in support of the government and against policies set by lenders.
"I'm still convinced: where there's a will, there's a way," Merkel told German lawmakers. "If those in charge in Greece can muster the will, an agreement ... is still possible."
Merkel faces growing resistance in her ruling conservatives to granting Greece any more bailout money. A narrow majority of Germans now favour Greece leaving the euro zone.
Pat: GREECE and IRAQ to attend International Economic Forum in Russia 6/18 to 6/2015
Greece’s Minister of Economy Giorgos Stathakis said on Wednesday Athens is keen to join the BRICS Bank.
BRICS economic partnership blueprint to be released in Ufa
The BRICS countries have also started consultations on establishing a multilateral payment system similar to SWIFT, the Russian Minister said on Wednesday
Russia’s Deputy Foreign Minister and Russia’s BRICS Sherpa Sergei Ryabkov said on Wednesday a BRICS ‘economic partnership strategy’ will be unveiled during the Leaders Summit in Ufa on 8-9 July.
Without revealing any details of the blueprint, the Russian Minister said it would “be one of the chief results of the summit”.
Last year the group set up a development bank to rival the IMF. It will have an authorized capital of $100 billion with each founding member contributing $10 billion.
The BRICS countries have also started consultations on establishing a multilateral payment system similar to SWIFT, the Russian Minister said on Wednesday.
“The idea is to create a multilateral payment system within the association, which would ensure greater independence, or rather, secure the BRICS countries against the risks related to arbitrary decisions in this area,” Ryabkov said in an interview to Russian state agency Sputnik.
Many countries, including Greece, have expressed interest in joining the new BRICS Bank.
Greece, in the midst of a spiraling financial crisis, is upping the ante on firming up eastern ties.
Greece’s Minister of Economy Giorgos Stathakis said on Wednesday Athens is keen to join the BRICS Bank.
“We are fully supporting the BRICS initiative, and we are investigating ways for Greece to get involved in this initiative that could be beneficial for both sides,” the minister said.
China’s Vice-Finance Minister Shi Yaobin indicated earlier this month that membership of the BRICS Bank will not be limited to the group’s five-member nations.
The Greek central bank warned on Wednesday that the country would be put on a “painful course” towards default and exiting the euro zone if the government and its international creditors failed to reach an agreement on an aid-for-reforms deal.
Greece owes a $1.7-billion loan repayment to the IMF by the end of June.
Greek Prime Minister Alexis Tsipras is traveling to Russia on Thursday when he will be a guest of honor at the St Petersburg International Economic Forum, Russia’s equivalent of Davos.
This year, the SPIEF is also hosting a BRICS Business meet where business leaders from Brazil, China, India and South Africa will discuss ways to boost trade and investment ties within the bloc.
Iraq participates acting International Economic Forum in Russia 08/06/2015
Baghdad .. Ministry of Commerce announced, Monday, that Iraq will participate in the work of the International Economic Forum to be held in St. Petersburg in Russia for the period from 18-20 of this month.
The ministry said in a statement the agency / information / received a copy of it, that "Iraq will participate in the work of the International Economic Forum, represented by Minister of Commerce Mlas Mohammed Abdel-Karim, which is held in St. Petersburg, Russia, for the period from 18-20 of this month, to discuss topics related to energy, oil, trade and economy Universal over the three days.
The statement added that "the first day will discuss the steady growth of electronic commerce and the European Union Economic and witness the second day of globalization of international trade or regional as the third witness lectures at the possibility of the growth of the knowledge economy.
The statement pointed out that "Mlas Abdul Karim promising Iraqi paper to be discussed at the conference include the perspective of Iraq in several economic and trade issues, conferences and indicators of the global market.
The ministry stated that "the Russian ambassador to Iraq, during a meeting with Secretary General of the Council of Ministers formally invited to Iraq's participation in the St. Petersburg International Economic Forum". LINK
MOT: Arnold Schwarzenegger pranks fans by posing as Terminator wax statue For Charity.....