A speech by German Chancellor Angela Merkel was interrupted by a group anti-austerity protestors, who chanted ‘No’ in Greek in support of a negative vote in Greece’s Sunday’s referendum on whether to accept the harsh bailout demands of its creditors.
The hills are alive… with the sound of G7 leaders talking absolute nonsense. Some described the event as a “world leaders” meeting in Bavaria, but that’s not true. More accurate to say this was a meeting of the US and its closest lapdogs.
Greek Finance Minister Janis Varoufakis appealed to German Chancellor Angela Merkel to deliver a “speech of hope” to cash-strapped Greece, which would signal end to austerity demands and restore the morale of its people.
The US is now in a new Cold War with Russia over the Ukrainian crisis largely because Washington rejected the parity principle. Unless the idea of détente is embraced by both sides, the situation could escalate into actual war.