US welcomes Sisi’s economic efforts, supports Egypt’s security: Kerry

from Ahram Online

The US “welcomes” Egyptian President Abdel-Fattah El-Sisi’s “steps to improve economic conditions,” US Secretary of State John Kerry said Sunday at the start of the US-Egypt Strategic Dialogue.

John Kerry met with Egyptian Foreign Minister Sameh Shoukri. Kerry will also meet with President El-Sisi later today.

In a press conference, Kerry said that the importance of US-Egypt relations “cannot be overstated.”

Kerry expressed the United States’ support for Egypt’s economy, saying the US is ready to work with Egypt to “attract more capital.”

In an effort to boost the economy and improve infrastructure, Egypt has been seeking to attract foreign investment since El-Sisi assumed office.

Kerry also addressed security concerns in the region, mainly over the rise of Islamic State group militants, saying his government is “committed to the security… of the Egyptian people.”

Meanwhile, Shoukri said that Cairo looks forward to “close cooperation” on the military front which, he said, will help achieve security and enhance economic opportunities for investors.

The meetings were scheduled to take place over two days. However, due to last minute changes, the ‎dialogue has been shortened to just one day. ‎

Some of the meetings that were supposed to take place between the US delegation and representatives ‎of the Egyptian private sector in the Egyptian-US Chamber of Commerce were canceled accordingly. ‎‎

[read more here]

Greek Stock Market Follows Manufacturing Sector Over the Cliff Upon Opening this Morning

Greece stock market nosedives after five-week shutdown

Greece’s stock market plunged nearly 23% on Monday when it reopened after a five-week shutdown brought on by fears that the country was about to be dumped from the eurozone.

The main Athens stock index fell to in worst ever one-day performance after only a few minutes of trading.

Greek manufacturing activity hits record low in July

With capital controls, banks closed and slumping demand, Greece’s factory output fell to its lowest level on record in July.

The manufacturing sector – which makes up about 10% of the economy – fell to 30.2 points according to Markit’s montly purchasing managers index. Anything below 50 is a sign of contraction. This is the worst performance since the company started compiling the data in 1999

greece

Real News: Reporter on the Ground in Athens

“Fury rising in the population”

Real News: Protests Erupt in Athens As Greece Approves Eurozone Bailout (video)

by Scott Creighton

In this video, a Greek man (public school teacher) says ( at 2:35 mark) “We have come here to protest the austerity program of the new Greek government. Because it’s an austerity program much of the right wing and they are using the so-called “left wing” government in order to implement the program that they couldn’t do with their right wing and center wing government

Now where have you heard that before?

Banker Occupied Greece: Requiem for a Failed State

by Steve Lendman

It’s all over but the obituary. Rubber-stamp Greek parliamentarians overwhelming approved transforming the nation into a banker run colony –  by a 229 – 64 vote. Six lawmakers abstained.
Coalition partner Independent Greeks leader Panos Kammenos and likeminded party members voted “yes” after rhetorically rejecting Troika terms.
The vast majority of bailout funding goes to pay bankers and other creditors – nothing for economic recovery and growth. The price is deeper punishing austerity, greater poverty and unemployment than already, and far more human misery ahead with no end in sight.

[read more here]

Tahrir Arrives in Greece: Parliament Approves Austerity Deal Late, Protesters Out Immediately

by Scott Creighton

38 Syriza party members voted “NO” as they were supposed to. Yet, Tsipras and the opposition parties who had imposed austerity on the people of Greece got what they wanted; they passed the latest austerity plan in spite of it’s brutal nature and massive resistance to it from the people.

Photo published for How bad are things for the people of Greece? - BBC News

For all practical purposes, Greece is now a German colony being run by the masters of the universe through their fascist Troika team.

nazi greece

For us here and a few other sites across the interwebs, this is not a shock. We’ve been saying that Tsipras and the “rock star” finance minister were sheepdipped neoliberals in leftist clothing for months and that the only way out for the Greek people was going to be for them to have their own Tahrir Square moment when their rage against being duped like they were grew out of control. And here it is. (photos and videos after the break)

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UPDATES from Greece: Vote Day, Tahrir Moment in Syntagma Square and the IMF Pledge that Isn’t

by Scott Creighton

itemprop

A man racked by shame begs for money as Greeks line up to make their small daily withdrawals from a bank

Alexis Tsipras took his case to the press last night in an hour-long interview on state TV. During that time he defended his 180 degree turn and urged the country to get behind the “irrational” Troika coup because, as he put it, “it’s the best deal Greece can get” Gone was all the pretense he displayed back when he and the rock-star pretended to want Greeks to vote “NO” on the austerity referendum. Now he demands a “YES” from Parliament on the neoliberal economic brick being dropped on the heads of the people he represents. He promised to keep the banks closed until the deal is ratified. More economic terrorism from the “hero” of Greece and the left. Like Obama siding with the republicans to get several of his previous “successes” done in congress, Tsipras looks to the neoliberal opposition parties for support getting the deal finalized.

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