GREECE: ‘ Tsipras rejects Samaras proposal to join Government ‘

#AceFinanceReport – Featured Update:June.06: Greek Prime Minister Alexis Tsipras rejected opposition leader Antonis Samaras’ proposal to join the government and adopt a common stance on stalled debt repayment talks, Greek Deputy Defense Minister told Sputnik on Saturday.

' Greece Against them All '
‘ Greece Against them All ‘

“Mr. Samaras informed Mr. Tsipras through his speech that he would not accept any type of common front with Mr. Tsipras, unless Nea Demokratia became part of the government,” Costas Isychos said.

Tsipras addressed the Greek parliament on Friday after the latest failed attempt to reach an agreement on a bailout package with European lenders.

Samaras, former prime minister who lost this year’s election to Tsipras’ left-wing Syriza, lambasted Tsipras for lack of achievements in negotiations and called on him to “join the national consensus” offered by New Democracy.

“Mr. Tsipras did not agree on this,” the defense official told Sputnik.

Isychos added that European Commission President Jean-Claude Juncker’s plan was largely rejected by “most of the leaders of the opposition.”

“But at the same time [they] were in disagreement with Mr. Tsipras’ proposal to the institutions,” he told Sputnik.

Greece skipped a scheduled $330-million repayment to the International Monetary Fund (IMF) on Friday, offering instead to make a single payment by the end of June.

Under Athens’ current bailout deal with IMF, expiring at the end of the month, Greece is expected to repay a total of $1.8 billion.

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ARGENTINA: ‘ Buy three Russian Mi-171E helicopters ‘

#AceFinanceReport – ARGENTINA:June.06: Argentinean government decided to buy three Russian Mi-171E helicopters, country’s Minister of Defense Agustin Rossi said Friday.

Argentina Purchase Two Mi-171E Helicopters '
‘ Argentina Purchase Two Mi-171E Helicopters ‘

“They will join the two [helicopters] that are already in service of the [Argentinean] Air Force,” Rossi said, as cited by La Segunda newspaper.

 The first two Mi-171E helicopters were bought by Argentina Defense Ministry in 2011 for participation in the Antarctic campaigns.

“Strong ties with Russia will be very beneficial for our defense policy as well as for development of our armed forces,” the minister added.

Buenos Aires expects to realize the deal on intergovernmental level, not engaging any commercial banks, according to Rossi.

On Thursday, Russia and Argentine signed 11 cooperation agreements, including the one between the defense ministries.

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ARGENTINA: US Court rules they must pay $5.4 billion to bondholders before creditors ‘

#AceFinanceReport – Featured Update: ARGENTINA:This is a situation l have followed for sometime, left time-line of events at bottom of post. As US apply strangle-hold to get money for themselves and fellow bondholders.  

A US court has ruled that before it can pay the majority of its creditors Argentina must pay $5.4 billion to its bondholders in addition to the $1.33 billion that it is already required to pay to a group of hedge funds, the Buenos Aires Herald reports.

The decision was made by US District Judge Thomas Griesa in New York who said that the creditors held bonds that were similar to those held by the hedge funds and thus should be treated in the same way, the newspaper said on Friday.

Dollars

The creditors have sought full repayment on Argentina’s bonds since the country was hit by a major default in 2002. According to the Buenos Aires Herald, they hold about 92 percent of Argentina’s defaulted debt.

In 2001, Argentina was acutely feeling the impact of an economic crisis that began in 1998 and lasted until 2002. At the time, the country experienced high unemployment rates and defaulted on its foreign debt.

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BRICS: ‘ US Policies, Russian Sanctions lead to a Russian-China Global Currency ‘

#AceFinanceNews – Featured Report:June.06: I have posted on here about the changes in currency – related to BRICS and two major players Russia-China, for a while. My time-line of collapse is at the bottom with all my posts on the link, for anyone. This post is my featured one today:

russia 2bn brics bank si
‘ The main players in the game of currency change ‘

Blind adherence to US policies and the introduction of anti-Russian sanctions have turned fatal for Europe; the axis of Russia-China-BRICS is set to overturn the global economic system and to prevail over the hegemony of the US, according to the chief economist of the German Bremer Landesbank.

The real damage to the EU countries caused by the launch of anti-Russian sanctions is much more comprehensive than that estimated by the statistics, Folker Hellmeyer, chief economist of the German Bremer Landesbank told in an interview with Deutsche Wirtschafts Nachrichten.

View of the Metro Bridge from Vorobyovy Gory (Sparrow Hills) in Moscow

US Seeks to ‘Hold Russia Back’ From Creation of Multipolar World

“The slump in German export volume by 18 percent in 2014 and by 34 percent for the first two months of 2015 is just the tip of the iceberg,” he said. “There are much more of the side-effects.”

“European countries, like Finland and Austria, who have strong developing businesses in Russia, place fewer orders within Germany. Moreover, the European corporations evade sanctions and create high-efficient production facilities in Russia.

We, therefore, lose this potential capital stock, which is the basis of our prosperity, and Russia wins.”

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