Greece and the Euro crisis

Written By: - Date published: 9:47 am, June 30th, 2015 - 162 comments
Categories: capitalism, Europe - Tags: , , ,

The invisible hand of the market is busy punching itself in the face today. Some observations on Greece and the Euro crisis, from the factual to the fun, courtesy of Twitter this morning.


https://twitter.com/danylmc/status/615621004849614849
https://twitter.com/danylmc/status/615622735910187008

162 comments on “Greece and the Euro crisis”

  1. Ad 1

    Just to argue against myself from yesterday, I have to admire the Greek Prime Minister. His referendum will leave the Greek people with either misery externally imposed, or a self-determined type.

    The crap will rain down on Syriza whatever happens in the next few days. They are not responsible for 40 years of poor decisions and 80 years of unstable post-WW2 government. Tsipras is being a bold leader catalysing events to a decisive end.

    Maybe this is beginning to look like Cuba after the collapse of sugar exports and of the Soviet Union. Maybe – as in Cuba – the nation will be held together largely by its grass roots. I’ve no romanticised nationalism at work when I say that.

    It could be argued that Syriza’s efforts should encourage all other anti-austerity movements across Europe. At minimum, and win or lose, I can’t help but admire their Prime Minister.

    • Colonial Rawshark 1.1

      It could be argued that Syriza’s efforts should encourage all other anti-austerity movements across Europe.

      This is the precise political reason that Germany, the ECB and the IMF wanted to see Syriza fold on its negotiating stance and accept further cuts to pensions, wages and an increase in VAT: to discourage similar popular anti-austerity parties across Europe.

      • Ad 1.1.1

        EDITOR: Any chance we could shift these two comments to the Greek section?

        [Done. TRP]

  2. There is no invisible hand of the market. There is no free market. The Libor rates, silver and gold prices are all manipulated. Greece has an economy of 0.2 % of Global GDP so why not let it go bankrupt and start again? Because a bankruptcy would trigger the collapse of the derivatives market of $ 1.5 quadrillion annihilating the too big to fail banks exposing the biggest financial scam in history!

    • Sabine 2.1

      this!

      +1 and then some

    • Gosman 2.2

      The markets for Futures and Options for commodities will collapse as a result of a Greek default will they? Pray tell how this will happen.

      • Mike S 2.2.1

        It’s a possibility, because people get nervous when there is instability and do things they might not otherwise do. These can trigger downward trends which can quickly snowball. For example, the Australian sharemarket today had one of it’s biggest downward slides ever with millions being wiped off share values. They say it was triggered by the Greek crisis. Also, people tend to save more when they think a financial crisis might be looming. This off course might affect demand for NZ goods like dairy products in Europe and elsewhere, which in turn could trigger a slide in the NZX

    • Chooky 2.3

      +100 travellerev

      …and this morning radionz had on the most pathetic panicked establishment Englishman whinging and denigrating the Greeks!…I almost turned it off…pure propaganda and racism…no mention of Goldman Sachs and the banksters who got Greece and its people into this situation so they could rip them off!

      http://www.radionz.co.nz/national/programmes/ninetonoon/audio/201760453/greek-crisis-what's-likely-to-happen

      “There’re 24 hours till a deadline for a Greek debt repayment to the International Monetary Fund – or the country risks bankruptcy. But rather than accept an austere new bailout deal, the prime minister Alexis Tsipras has defied the deadline, closed the banks, and called a referendum on the deal, for July the 6th. Meanwhile, Macedonia has ordered its banks to pull their money from Greece, the first sign of an immediate neighbour moving to protect itself from potential contagion. Dr James Ker-Lindsay is a Senior Research Fellow, European Institute, London School of Economics.”

      Thank goodness for RT…

      ‘Greek pain’

      http://rt.com/shows/crosstalk/269752-greek-pain-eurozone-creditors/

      “Again Athens finds itself at loggerheads with its creditors, particularly the IMF. The Greeks appear to be willing to do only enough to stay in the Eurozone, while the rest of Europe is willing to offer it just enough support to stay afloat – all awhile making the Greek economy almost impossible to grow. Is the Euro a failure?

      CrossTalking with Mitch Feierstein, Stephen Haseler, and Scheherazade Rehman.”

      ( of course things have moved on since this discussion but it is still relevant)

      • Rodel 2.3.1

        I;d like to read an in depth analysis explaining the Greek issue. I suspect there are clandestine agendas and conspiracies that I don’t know about. Does anyone have a good link?..Something with facts would be nice so probably not Gosman theories.

      • Liberal Realist 2.3.2

        “Englishman whinging and denigrating the Greeks!”

        I also heard this on morning report. The thought that sprung to mind is ‘this guy has taken up residence deep inside christine lagarde’s arse (someone with artistic talent could do well with this one?). What a tool!

        Greek creditors have taken zero responsibility for their unsustainable ‘investments’.

        Methinks the EU is now doomed and Merkel will have to own it. The modern pax germanica export market dream is almost over.

    • Jones 2.4

      Spot on!

    • Smilin 2.5

      A game of House of Cards anyone?

  3. Save NZ 3

    Please free us from the Slavery of the ‘Free Markets’.

    And the wicked Neo Liberals who are scamming us.

  4. Colonial Rawshark 4

    Tracey got it right in OM when she said that all the MSM cares about with regards to this “crisis” is the impact on financial markets. The Greek people who can’t access money to live on and small Greek businesses going under unable to pay their rent – who cares.

    • Gosman 4.1

      they can leave the Euro and print their own currency if they want. Of course syriza is trying to convince the Greek people that voting no won’t lead to that situation. Such a dishonest party.

      • thatguynz 4.1.1

        Such a disingenuous commenter… 🙄

      • Sable 4.1.2

        Yes Gossie, they need some good conservative jackboots on their neck and a bunch of corporate parasites telling them what to do….oh that’s right already tried that and here we are…

        • Gosman 4.1.2.1

          Noone forced the Greeks to spend more than they earned in tax and to borrow the difference.

          • Sable 4.1.2.1.1

            Ah Gossie but it wasn’t the current government who caused this mess was it old son.It was a bunch of right wing losers who couldn’t run an olive farm let alone a country….

            • Gosman 4.1.2.1.1.1

              Quite possibly correct. However the Greeks voted for that old government and benefitted from the spending that old government made and from the taxes that old government failed to collect. They are still responsible for the decisions made.

              • Charles

                So the Greeks are responsible for a government that “spent too much”, but they are also responsible to people they didn’t vote for – unknown people more powerful than a legitmate government?

                Apart from the problem of divided votes issue, and that people cannot be responsible for something that they could not foresee (Rumsfeld’s “Unknown unknowns”?), democracy in your world view doesn’t exist, voting is pointless, and there are just just robber barons?

                Under those conditions, no nation could exercise responsible decisions and the robber barons would know that, having done due dilligence before lending, so they have no rightful claim – the game is without rules, no one owes anyone anything. Let the barons fail.

          • Wayne 4.1.2.1.2

            The Greeks just need to do what Ireland, Spain, and Portugal have done. Stop whinging, and getting on with facing up to their responsibilities. That is if they want to stay in the Euro, but is that really the best thing for Greece?

            I note Angela Merkel has been noticeably silent in the last few days. That should worry Syrzia. She must have decided to ditch Greece from the Euro. Most Germans are probably saying “The Greeks don’t have to accept our offer, but then we don’t have to give them any money, which won’t get paid back.”

            In any event, apart from the short term pain, Greeks will be better off with a devalued drachma. That will get their economy going. A “no” this Sunday will deliver that result.

            After all, Greek holidays will look 100% better than Tunisian holidays for most Europeans.

            The Greek government will then be able to have a realistic discussion about the level of write down of the debt. They won’t be able to write the whole thing off, but a discount of say 50%, then restoration of normal terms would be real progress for Greece.

            • Tracey 4.1.2.1.2.1

              borrowers often default. It’s part of the capitalist banking system. Accountants and lawyers actually give advice about when to utilise this “tool”.

              Greece are damned if thy do and damned if they don’t.

              Greece needs the space to negotiate more FTAs aye Wayne, that will turn the country around, especially at the unemployment/low wage end, right Wayne?

              😉

              • Colonial Viper

                Wayne’s not a true capitalist. If he was, he would be supporting a growth programme in Greece – like what Syriza has been proposing for months – so that Greece can actually pay back its loans. Instead, Wayne says nothing about the Troika insisting on more years of fiscal waterboarding of the most vulnerable Greek citizens.

                The fact that tens of billions of irresponsible and odious lending by the major powers to Greece has occurred also seems to have sailed by him.

                • Tracey

                  Just as the bankers and politicians on high prefer to ignore how the greek society broadly worked until the 80’s.

                  Most people (rurally and many in the cities) owned their own home, it was passed down from generation to generation, so they had little or no accommodation costs… parents of daughters would add on tot heir home to accommodate the married daughter or whatever…they also had no credit cards. To say that most people were not financially sophisticated is an understatement (and not an insult). Banks, CC companies did their PR onslaught making it all seem so easy, almost like free money… we are seeing some of what happens in those circumstances 30-40 years on.

                  Of course there are other factors, but this is part of it and that means banks and countries lending money as a product to be touted, advertised and sold, are reaping some of what they sow.

            • Bill 4.1.2.1.2.2

              Over 90% of the 252 Billion Euros ‘lent’ to Greece went, more or less, straight back into the pockets of those who had forced through dodgy loans in the first place.

              All that’s happened is that the debt has been shifted from the private sector to the public sector – ie, the banks got their bail-out using a two step process this time around. And just like ’08, it’s the citizens of Europe and elsewhere who will be picking up the tab for mendacious banking activities.

              There aren’t enough lamp-posts in this world.

              • Tracey

                Yup, many Greeks realise that in times of rising unemployment and lowering of wages, fewer people are working harder to repay just the interest, which flows out of the economy instantly.

                It’s a kind of PONZI scheme frankly.

              • Liberal Realist

                +1000

            • One Anonymous Bloke 4.1.2.1.2.3

              There are two sides to any debt. The creditors seem to have taken the view that Greece would not default and lent on that assumption.

              Why on Earth they would take such a view, given, for example, US history, or the more recent Argentine default, is beyond me, although I suspect it may have something to do with the “too big to fail” fallacy.

              In any event, business is business. Sometimes loans don’t get repaid.

          • thatguynz 4.1.2.1.3

            Actually Gosman, yes they did. Read some fucking facts instead of your myopic bullshit.

            • Switts 4.1.2.1.3.1

              Can you elaborate?

              • thatguynz

                Start with what Chooky has linked at 1.3 and go from there. It’s been discussed ad nauseum in the various threads we’ve had to date here over the past few months however Comrade Gos refuses to believe it.

          • Tracey 4.1.2.1.4

            I agree, and no one forced the IMF and others to lend to a country that didn’t spend the money as they would want. They factored this risk in when they lent, presumably So the argument works both ways.

            • travellerev 4.1.2.1.4.1

              Greece can dump all debt it has as odious debt because they were scammed into taking it on in the first place! Go the Iceland route. Arrest the bankers and the oligarchs that got them there in the first place.

          • Pat 4.1.2.1.5

            have you any concept of what has (and continues) occurred with regard to Greece Gosman or have you simply read a few headlines in the right wing press?

            • Gosman 4.1.2.1.5.1

              You mean like the Guardian? Yes very right wing paper that one.

              • Pat

                If your perusing the Guardian I think your confusing the comments by the trolls with informed articles

  5. Bill 5

    The 2008 crash was ‘our fault’ innit? It wasn’t the fault of bankers gambling on weird shit and losing everything. The evidence for this is that the poor banks had to clamber to their feet over the backs of us and our society being broken down under austerity.

    Now 2015 is going to be the fault of the Greeks, innit? And the poor banks are going to be forced to clamber all over us again. Still. Like I say, unlike last time when we just couldn’t face up to our responsibilities and so rather shamelessly tried to blame the banks and the bankers, this time we can point the accusing finger at the feckless, tax dodging Greeks.

    In fact, I’ve no doubt the corporate world will help us hone our anti-Greek narratives .

  6. Colonial Rawshark 6

    Outstanding RT interview with IMF Executive Director, Paulo Nogueira Batista Jr

    (who is leaving the IMF at the end of June to become Vice President of the new BRICS development bank).

    ‘Greece is one of the least successful episodes in IMF history’

    ‘Countries are very reluctant to give up their sovereignty to out of touch IMF bureaucrats’

    ‘powerful stakeholders in the IMF subordinate the activities of the IMF to their own short term political goals’

    ‘countries are prone to abusing their powers…some countries are used to ruling and are not used to a quickly changing world’

    ‘Ukraine can be seen as a second Greece for the IMF…very problematic…Ukraine may be receiving preferential treatment for both economic and political reasons’

    http://rt.com/shows/worlds-apart-oksana-boyko/270217-greece-ukraine-debt-crises/

  7. AmaKiwi 7

    In the past 30 years Greece has not had a single year when it had a positive balance of payments. Every year Greece and its people spent more abroad than they earned from overseas sources.

    Only two other countries in the OECD have such an appalling 30 year record of credit abuse: Australia and New Zealand.

    You don’t like foreigners buying up our assets? Then pay we must pay them what we owe them. But we can’t.

    • Lanthanide 7.1

      The solution is for NZ just to print our own money. We definitely won’t suffer the same fate as Greece, or Zimbawbe. This time it’ll be different, because it’s plucky English-speaking NZ that is printing the money, and we’re the world’s darlings.

      {/sarcasm}

      • Tracey 7.1.1

        chuckle

        joking aside, IF NZ were in Greece’s position I am confidant our government would be bobbing its head up and down and doing hat ever it was asked in terms of what it would be imposing on its people (well some/most of them). Under its new government Greece is pushing back, and despite predictions that it would be gone or whatever 5 months ago, they have wrestled some concessions by pushing back.

        Now the people get the chance to decide their own fate, and to live by their collective decision.

        What Greece needs is a FTA or a TPP, that solves everything

      • Colonial Viper 7.1.2

        The solution is for NZ just to print our own money. We definitely won’t suffer the same fate as Greece, or Zimbawbe. This time it’ll be different, because it’s plucky English-speaking NZ that is printing the money, and we’re the world’s darlings.

        Shall we go through this again, Lanth?

        NZ should NOT print its own money if its political and civil service class aren’t smart enough to invest that money in building up NZ industries, service capabilities and economic competitiveness.

        In the case of Greece and Zimbabwe, currency was created but not turned into economic capital. Of course, in a situation like that, there will be severe economic damage done.

        Now Lanth, if you don’t happen to have any ideas for how NZ can print and invest $500M in itself to greatly and productively increase its human and economic capital, please get out of the way of the people who do.

      • Mike S 7.1.3

        Why sarcasm? We should create our own money supply. What on earth is the benefit to us from allowing private, for profit , foreign owned banks to create our money supply and ‘lend’ it to us at interest when we, as a sovereign nation could create our own money supply?

        Why on earth does the government borrow 1 billion, with taxpayers lumped with outrageous interest to pay back, when they could just create it themselves by ‘borrowing’ off a truly publicly owned reserve bank?

        There’s no difference in inflationary terms of government borrowing 1 billion or creating it themselves, Either way, 1 billion is added to the overall money supply. so why do we borrow it and get lumped with interest?

        Scam.

      • travellerev 7.1.4

        Would that be worse than privately owned banking cartels printing it out of thin air lending it to us with interest?

    • Chooky 7.2

      and just like the Greeks we have been having Goldman Sachs advise us on what to do

      …. Treasury got Goldman Sachs to ‘review’ KiwiBank !

      http://www.nbr.co.nz/article/treasury-hires-goldman-sachs-run-ruler-over-kiwibank-bd-136461

      http://www.interest.co.nz/bonds/63488/treasury-says-no-official-information-act-request-goldman-sachs-report-kiwibanks-capital

      http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11262662

      …and God knows what else Goldman Sachs has been ‘reviewing’ and advising on in New Zealand

      • Wayne 7.2.1

        Well, as everyone can see Australia and New Zealand are just like Greece. Fortunately, we resisted the temptations of Hone Harawira and Mana.

        • thatguynz 7.2.1.1

          Wayne, now you’re being disingenuous. As a former member of Parliament I’m sure you can explain the role of the IMF in New Zealand’s politics and finances since 1961 can’t you? Particularly culminating in the recent change whereby Govt can enact IMF doctrine without having to table legislative change.

          Please, tell us more.

        • Olwyn 7.2.1.2

          Fortunately, we resisted the temptations of Hone Harawira and Mana.

          So by your world view Wayne, it seems that it is only common sense to rob the poor and the defenseless, among whom rickets has returned, of representation, so that the market will smile on the nice upper middle class, with their nice property portfolios and their nice government contracts.

        • Colonial Viper 7.2.1.3

          Wayne, Goldman Sachs was pivotal in designing the series of transactions which hid Greece’s true debt/deficit situation, falsifying the country’s entry into the Eurozone.

          The Greek oligarchic class was entirely complicit in this scheme.

          Wayne, why are you not fingering Goldman Sachs and the 0.1% oligarchic class as being the real roots of Greece’s problems.

        • marty mars 7.2.1.4

          “Fortunately, we resisted the temptations of Hone Harawira and Mana.”

          for the temptations of liarkey and his mappy-minions – quick get the handcuffs…

  8. The lost sheep 8

    Greece should just default on it’s loans, tell the European Neo Lib idiots to fuck off, and then align themselves with like-minded Marxist oriented countries that are willing to fund Greece’s recovery in a manner consistent with Far Left economic orthodoxy.

    Simple.

    • Alan 8.1

      Which like-minded, Marxist oriented, cashed up and thriving countries would that be Lost Sheep?

      • I believe Lost Sheep was being sarcastic, Alan! But Greece will remain in the EU, so will have a trading relationship on a similar basis to the UK. ie In Europe, but out of the Eurozone.

        • Jones 8.1.1.1

          I think it will be more like the EFTA countries… out of the EU ( or at least out of the Eurozone) but still in the EEA. UK is very much part of the EU, just with their own currency.

    • Wayne 8.2

      The lost sheep,

      They can, but they will be out of the Euro.

      However, to some extent I agree with you. They do need debt relief.

      But they will not be able to write off the whole debt if they want to borrow on international markets again anytime soon. Russia is simply no substitute for Europe. And China will not lend unless they get repaid.

      • Ad 8.2.1

        If Greece remains within the EU but with separate currency, like UK, their economy will start to look like New Zealand’s:

        – Very little to export other than some basics, but great for tourism

        I’m sure Wayne’s government could sit the Greek Prime Minister down and give them lessons on how to get through a currency crisis by doing nothing other than sit on their hands and watch.

        • Daveinireland 8.2.1.1

          “If Greece remains within the EU but with separate currency, like UK, their economy will start to look like New Zealand’s:”

          That would be good for Greece, NZ is much wealthier than Greece.

      • Tracey 8.2.2

        A number of the countries which have lent to them are NOT charging interest. A few of the loans are not due to mature for 10, 20 and 30 years.

    • Ron 8.3

      Are you serious?
      If Greece defaults they are effectively leaving the EEA Single Market
      That would require to have their own currency good luck with that trying to get an effective exchange rate with other countries.
      Secondly it will lose free access to all the other countries in the Union which would mean that Greeks would have to apply for Visa’s to visit other countries and also that all the Greek people currently residing in other EEA countries would have to leave or obtain visa and work permits etc. It’s exports would find it difficult to export to other Market countries as they would be treated as General Tariff and attract duties etc.
      That is as I see it I am open to correction.

      Greece should just default on it’s loans, tell the European Neo Lib idiots to fuck off

      • The lost sheep 8.3.1

        “Are you serious?”

        I would be if I thought there really was any wealthy Marxist oriented Country that would be willing to help Greece.

        The lack of such a benefactor is a serious problem for Syriza, and I reckon it’s leads them right back to having no choice but to confront the realities you have pointed out.

        • One Anonymous Bloke 8.3.1.1

          🙄

          No Capitalist investor will see any opportunities in Greece ever again, no sirree.

      • Daveinireland 8.3.2

        Greece will leave the Eurozone, it will not be leaving the EU.

      • Jones 8.3.3

        The way I understand it: Norway, Liechtenstein, Switzerland and Iceland are all part of the EEA and have an economic relationship with the EU through the EFTA. All four maintain their own currencies. EU passports enable you to live and work in all EEA countries (I once worked in Norway on a British passport and had no problems travelling in and out of the country).

        Why could Greece not be a fifth member of the EFTA?

      • Tracey 8.3.4

        a low currency will make their products really affordable in other countries 😉

      • Tracey 8.3.5

        a low currency will make their products really affordable in other countries 😉

      • Kiwiri 8.3.6

        Hi Ron.
        Mmm, not sure where to start but the various arrangements and agreements such as those related to EU, EZ, Schengen need not necessarily be conflated or seen as inevitably identical.

    • Tracey 8.4

      Greece should default because that is the prudent thing to do in a market driven capitalist system.

      This is known as liquidation or bankruptcy and is used as a specific remedy” for over stretching and not being able to repay. Banks build this risk in when lending.

      Paying, not paying, both have dire consequences but the notion that defaulting on a loan is a foreign concept to the capitalist system is laughable.

    • One Anonymous Bloke 8.5

      Read some US history and then tell me again how debt default is “Marxism”.

      If Greece does default, bear in mind the histories of the countries that’ve taken similar measures.

      Marxism? Pfft.

  9. Tracey 9

    Hosting the 2004 Olympics cost almost €9 billion ($11 billion at today’s exchange rate). They should go to the IOC for a loan

  10. infused 10

    Heh, these comments are so stupid. Especially the twitter ones. It’s not even about this 1.9bn repayment.

    This was known for years and caused by the Greek govt hiding debt caused by the Greeks govt being fucking retarded.

    They should default as there is no way they are coming back from that debt. In saying that, defaulting is going to be pretty destructive to the country, but it’s inevitable.

    • Jones 10.1

      I don’t think you can talk about the Greek Government hiding debt without including “…with the full collusion of Goldman Sachs” and also note that Goldman Sachs subsequently bet on Greek insolvency.

      This cannot be pinned on the Greek’s in their entirety. Goldman Sachs pocketed over $400 million in fees for that deal.

  11. Kiwiri 11

    Adding another piece here from http://www.telegraph.co.uk/finance/11705199/Greece-debt-crisis-Greek-banks-pension-cuts-live.html (yes, it is from The Torygraph but this is worth noting):

    Ambrose Evans-Pritchard has an exclusive interview with Yanis Varoufakis, who has said that Greece has threatened to seek a court injuction against EU institutions.

    He told the Daily Telegraph, “We are taking advice and will certainly consider an injunction at the European Court of Justice. The EU treaties make no provision for euro exit and we refuse to accept it. Our membership is not negotiable.“

    Any request for an injunction against EU bodies at the European Court would be an unprecedented development, further complicating the crisis.

    • miravox 11.1

      I find it hard to believe how badly the troika have handled these negotiations. They seem to have split the Greek economy from the society it serves and take no account of humanitarian problems that have been increasing.

      A good example of this is Junker’s badly worded plea to the Greeks to vote ‘yes’ to the deal – people in a country where thousands have committed suicide due to their financial situations, he says they shouldn’t commit suicide (vote no) for fear of death (austerity – which he says isn’t what this deal is, when clearly it is). His whole speech was self-serving and distasteful.

      Maybe negotiations should have taken place in Greece instead of Brussels so the negotiators could see and hear the effects of their deals.

      Pretty lucky the authors and administrators of the Marshall Plan weren’t as ‘hard-headed’. If some of these negotiators remembered how their countries were revived post-WWII managing the Greek crisis may have gone a whole lot better.

      http://www.project-syndicate.org/commentary/greece-eurozone-austerity-reform-by-joseph-e–stiglitz-2015-02#v7FDJ6qHFU5plkIP.99

      Seventy years ago, at the end of World War II, the Allies recognized that Germany must be given a fresh start. They understood that Hitler’s rise had much to do with the unemployment (not the inflation) that resulted from imposing more debt on Germany at the end of World War I. The Allies did not take into account the foolishness with which the debts had been accumulated or talk about the costs that Germany had imposed on others. Instead, they not only forgave the debts; they actually provided aid, and the Allied troops stationed in Germany provided a further fiscal stimulus.

      When companies go bankrupt, a debt-equity swap is a fair and efficient solution. The analogous approach for Greece is to convert its current bonds into GDP-linked bonds. If Greece does well, its creditors will receive more of their money; if it does not, they will get less. Both sides would then have a powerful incentive to pursue pro-growth policies.

      • Colonial Rawshark 11.1.1

        I find it hard to believe how badly the troika have handled these negotiations. They seem to have split the Greek economy from the society it serves and take no account of humanitarian problems that have been increasing.

        It doesn’t make sense unless you see that the Troika have EU wide political goals for which they intend to make Greece an example for.

  12. Bill 12

    Joseph Stiglitz’s opinion, for what it’s worth, is that the Greeks should vote ‘No’.

    http://www.theguardian.com/business/2015/jun/29/joseph-stiglitz-how-i-would-vote-in-the-greek-referendum

  13. Ergo Robertina 13

    Economist Joseph Stiglitz (a former World Bank chief economist) on the choice facing Greece:

    ”It is hard to advise Greeks how to vote on 5 July. Neither alternative – approval or rejection of the troika’s terms – will be easy, and both carry huge risks. A yes vote would mean depression almost without end. Perhaps a depleted country – one that has sold off all of its assets, and whose bright young people have emigrated – might finally get debt forgiveness; —
    ”By contrast, a no vote would at least open the possibility that Greece, with its strong democratic tradition, might grasp its destiny in its own hands. Greeks might gain the opportunity to shape a future that, though perhaps not as prosperous as the past, is far more hopeful than the unconscionable torture of the present.
    I know how I would vote.”
    http://www.theguardian.com/business/2015/jun/29/joseph-stiglitz-how-i-would-vote-in-the-greek-referendum

    EDIT – hadn’t seen Bill’s comment before posting.

    • Olwyn 13.1

      I agree with Stiglitz In fact, European leaders are finally beginning to reveal the true nature of the ongoing debt dispute, and the answer is not pleasant: it is about power and democracy much more than money and economics.

      In the print copy of the Dom (doesn’t seem to be online), this: Making it clear that he hoped the Greek parliament would take a vote of no confidence in Alexis Tsipras…a stony-faced Dijsselbloem let it slip that whatever the outcome of the referendum, Syriza must go. Dijsselbloem, incidentally, is a Dutch Labour politician. The arrogance and presumption of these people just sickens me. In fact if the Euro-zone was living up to its original claims, they would have sorted out their problems between themselves, as Europeans and laid down their terms to the IMF – not ganged up with the IMF on one of their own.

  14. Tracey 14

    “Top 5 Products exported by Greece Refined Petroleum (35%), Packaged Medicaments (3.1%), Aluminium Plating (1.9%), Non-fillet Fresh Fish (1.7%), and Raw Cotton (1.7%)

    Top 5 Products imported by Greece Crude Petroleum (24%), Refined Petroleum (6.9%), Packaged Medicaments (5.1%), Passenger and Cargo Ships (4.0%), and Petroleum Gas (3.1%)

    Top 5 Export destinations of Greece Turkey (11%), Italy (8.0%), Germany (6.4%), Bunkers (6.0%), and Bulgaria (5.0%)

    Top 5 Import origins of Greece Russia (11%), Germany (9.5%), Italy (8.0%), Saudi Arabia (5.1%), and China (5.0%)”

    So, Greece’s top export country is not in the EU and Bunkers (from what I can tell ) is Iran… 12% to US, Cyprus and UK (not EU countries as such – UK has a bob each way) BUT 20% is definitely EU countries…

    https://atlas.media.mit.edu/en/explore/tree_map/hs/export/grc/show/all/2012/

    • Chooky 14.1

      +100…interesting points ….and as well as Russian support via the gas line

      http://rt.com/op-edge/257505-greece-turkish-stream-russia-investment/

      …..Greece may do very well outside the EU…particularly if it reverts to its own currency and tourism resumes to support the grassroots local economy…certainly get many sympathetic tourists from around the world

      • Tracey 14.1.1

        I am not sure if they will do very well but my sense is that the average Greek is pretty fucked so why not have it in your own hands and see if you can find a way out…

        And then there is China…

    • Anno1701 14.2

      Bunkerage is maritime slang for filling tanks on cargo ships

  15. The Other Mike 15

    Joseph Stiglitz to Greece’s Creditors: Abandon Austerity Or Face Global Fallout:

    A few years ago, when Greece was still at the start of its slide into an economic depression, the Nobel prize-winning economist Joseph Stiglitz remembers discussing the crisis with Greek officials. What they wanted was a stimulus package to boost growth and create jobs, and Stiglitz, who had just produced an influential report for the United Nations on how to deal with the global financial crisis, agreed that this would be the best way forward. Instead, Greece’s foreign creditors imposed a strict program of austerity. The Greek economy has shrunk by about 25% since 2010. The cost-cutting was an enormous mistake, Stiglitz says, and it’s time for the creditors to admit it.
    *
    “They have criminal responsibility,” he says of the so-called troika of financial institutions that bailed out the Greek economy in 2010, namely the International Monetary Fund, the European Commission and the European Central Bank. “It’s a kind of criminal responsibility for causing a major recession,” Stiglitz tells TIME in a phone interview.
    *
    Along with a growing number of the world’s most influential economists, Stiglitz has begun to urge the troika to forgive Greece’s debt – estimated to be worth close to $300 billion in bailouts – and to offer the stimulus money that two successive Greek governments have been requesting.
    *
    Failure to do so, Stiglitz argues, would not only worsen the recession in Greece – already deeper and more prolonged than the Great Depression in the U.S. – it would also wreck the credibility of Europe’s common currency, the euro, and put the global economy at risk of contagion.

    At http://time.com/3939621/stiglitz-greece/
    Maybe I should send this to JK & Bill as well….

  16. Karen 16

    The Greek word for ‘no’ is ‘ochi.’

    Ochi Day is celebrated every 28th October to commemorate the day the Greek Government said no to Mussolini.

    Time to say no to another bunch of facists.

  17. Skinny 17

    The problem is the Nation’s people are spooked by the uncertainty so will most likely revert to type and vote YES. Tragic because they will go to the polls again and vote a pro austerity measures-Right Wing regime back into power. Good to see their Leader is holding his nerve and advocating a vote NO or he resigns, of course he is expecting an 11_hour offer to stay in with alot more wriggle room on offer. Good luck to him he is causing quite the roller coaster ride on world exchanges. The money men will be just as nervous as him.

    • The Other Mike 17.1

      Umm, maybe. Greeks, especially pensioners, are heartily sick and tired of “austerity” :
      TRNN: Greek Pensioners Protest Cuts to Pensions – https://youtu.be/n4XByl1X3rc

      And… Greece has threatened to seek a court injunction against the EU institutions, both to block the country’s expulsion from the euro and to halt asphyxiation of the banking system.

      “The Greek government will make use of all our legal rights,” said the finance minister, Yanis Varoufakis.

      “We are taking advice and will certainly consider an injunction at the European Court of Justice. The EU treaties make no provision for euro exit and we refuse to accept it. Our membership is not negotiable,“ he told the Telegraph.

      The defiant stand came as Europe’s major powers warned in the bluntest terms that Greece will be forced out of monetary union if voters reject austerity demands in a shock referendum on Sunday.

      Read more: http://www.telegraph.co.uk/finance/economics/11707092/Greece-threatens-top-court-action-to-block-Grexit.html

  18. Chooky 18

    ‘Support debt cancellation for Greece,’ MPs, economists & campaigners tell Cameron’

    http://rt.com/uk/270349-greece-debt-cancellation-cameron/

    “MPs, trade unionists, economists and campaigners have called upon David Cameron to support debt cancellation for Greece, saying it could be funded by seizing capital from speculators and banks that were the true beneficiaries of Athens’ bailouts.

    In an open letter to the prime minister, some 25 Labour and Green Party MPs demanded the government back the organization of a European summit to agree upon a debt write-down for Greece.

    Published by the Guardian on Sunday, the letter called for an end to destructive austerity policies that have wrought poverty and injustice across Europe….

  19. Gosman 19

    Hilarious considering the UK doesn’t own much Greek debt. It would be like New Zealanders demanding debt relief for Sri Lanka.

    • Tracey 19.1

      Do you ever notice how few of your posts address actually human impacts, you know, people?

      • Gosman 19.1.1

        A key difference between Left wing and Right wing economic thinking is that left wingers think that you can keep spending other people’s money indefinately and right wingers suggest there is a limit that will be eventually reached and then there will have to be at a reckoning. We are at that reckoning stage now. The reason we got there was because of people like you tracey who thought they were helping people but inreality they were setting them up for an almighty fall. I laugh when someone like you says someone like me should care about the plight of people hurt by policies you support when I have been warning all along about where those policies will lead to avoid such hurt.

        • KB 19.1.1.1

          Hi Gosman

          Do you mean right wing economic thinking that led to the banks in America and elsewhere receiving enormous bailouts paid for by ‘other people’s money’ in the wake of the 2008 GFC so that the CEO’s etc wouldn’t suffer the hardship of missing out on their huge bonuses?

          • Gosman 19.1.1.1.1

            How is that right wing? More left wing if you ask me.

            • KB 19.1.1.1.1.1

              I’m sure the people running the banks etc in America are not known for their left wing ideas, yet were more than happy to have their hands out to receive ‘other people’s money’ to bail them out of a mess of their own making.

        • Colonial Rawshark 19.1.1.2

          You have some pretty fucked up and incorrect ideas Gosman. Firstly you have no idea of what “left wing” and “right wing” even means.

          Tell me, out of Germany, the ECB, the IMF and Goldman Sachs, which of them are left wing, in your estimation?

          Because all I see are the Bankster 0.1% class against everyone else. That’s not a Left vs RIght dichotomy.

          Goldman Sachs helped Greece cook their books (with the knowledge of the European elite) in order to get Greece into the Eurozone. Is Goldman Sachs ‘left’ or ‘right’ wing in your estimation? In my estimation they simply are part of the bankster class pushing Greece into debt peonage.

          Germany, the ECB and the IMF, for the last several years have been pressuring Greece to borrow tens of billions of Euros that it could not afford. Are these parties Left or Right, in your estimation? In my estimation, in their dealings with Greece they are nothing more than the Bankster class, pushing Greece into debt peonage.

          Greece under Syriza have finally found some backbone to tell the truth – that the country cannot afford to pay back these loans and does not want the citizens of the EU to give it more money which will only turn into more bad debts.

          I am surprised you continue to push an obsolete ‘left’ vs ‘right’ political economic viewpoint, while leaving out discussion of the parasitic Bankster class altogether.

          • Gosman 19.1.1.2.1

            Pressuring??? The Greeks had the ability to say ‘Thanks, but no thanks”. They could also have used the Billions they did borrow to invest in their economy thus enabling them to increase their woeful productivity rates and allow them to pay off the loans. What did they spend the money on instead C.V?

            • Colonial Rawshark 19.1.1.2.1.1

              Pressuring??? The Greeks had the ability to say ‘Thanks, but no thanks”. They could also have used the Billions they did borrow to invest in their economy

              Yeah and what do you say to the creditors who kept lending Greece more and more EU tax payers money even though it was clear that Greece could never pay it back?

          • Tracey 19.1.1.2.2

            sounds to me like the new Greek Government is almost a pure Capitalist government.

            “Fuck your loans, we paid as long as we could and now can’t afford it anymore so we are defaulting and trying a different way”.

            • Gosman 19.1.1.2.2.1

              And yet they have gone back to the Eurozone members to ask for more money. So much for the ‘Fuck your loans’ idea.

              • Colonial Rawshark

                Varoufakis has put plenty of alternatives on the table Gosman, including lines of credit through the European Stability Fund, reformulating loans to delay repayments, and other growth oriented options. But more loans are the only option the Troika will agree to. Why don’t you criticise the Troika.

        • Tracey 19.1.1.3

          hat I wrote was “you ever notice how few of your posts address actually human impacts, you know, people”..

          Your response was a kind of pseudo intellectual “I told you so so don’t expect me to care”.

          Good O.

    • Colonial Rawshark 19.2

      Hilarious considering the UK doesn’t own much Greek debt. It would be like New Zealanders demanding debt relief for Sri Lanka.

      The City of London is one of the largest financial centres in the World. The last thing that they want is for the EU to fuck up Greece at this point and cause a meltdown into GFC 2. So the UK should call for a change in how Greece is managed.

  20. The troika know that their own plan for Greece won’t work anyway, according to a leaked document.

    “Greece would face an unsustainable level of debt by 2030 even if it signs up to the full package of tax and spending reforms demanded of it, according to unpublished documents compiled by its three main creditors.”

    http://www.theguardian.com/business/2015/jun/30/greek-debt-troika-analysis-says-significant-concessions-still-needed

    • Gosman 20.1

      Yes, they will likely require debt relief at some stage. However given the fact it was the Greece’s structural issues that lead them in to this problem in the first place it is better to get them to make the necessary structural changes now rather than give them debt relief first and remove any incentive for them doing so.

      • Colonial Rawshark 20.1.1

        Fuck your euphemisms “structural changes” = selling off Greek assets to foreign privateers for cents on the dollar, as well as punishing pensioners and wage earners more. 4 years of Troika led reforms and Greece’s economy has declined by 25% and here you are pushing for more. Talk about an utter inability to spot a failing strategy, Gossie.

        • Tracey 20.1.1.1

          This is all just a big maths equation to Gosman. he uses the word “greeks” as a catch-all but that is as close as he gets to talking at a human level. BUT he has the certainty of being right on his side. How he swells with pride

        • Gosman 20.1.1.2

          The Greeks have hardly sold a single State owned asset since the start of the crisis. They have been stalling. Not implementing a policy is no indication that the policy has failed.

          • Colonial Rawshark 20.1.1.2.1

            Transferring public wealth into private hands for cents in the dollar has failed everywhere else, dipshit. Great for the bankster class and the management consulting class who make huge fees of the transactions though.

  21. Gosman 21

    Interestesting to see that the Greek government has gone back to the EU requesting further loans of almost 30 billion Euros. The chutzpah of Syriza is incredible. Do they not realise they can’t get more money unless they follow the policies that the creditors have asked them to?

    • Colonial Rawshark 21.1

      LOL its a game of chicken now Gossie, the chutzpah of unelected IMF and ECB bankster officials telling democracy to fuck off is what is truly unbelievable.

      • Tracey 21.1.1

        It will be interesting to see if they can get concessions, cos Gosman says they can’t… they just have to man-up and hand over the money, according tot he spreadsheet and the “rules” he has in his head…

        • Colonial Rawshark 21.1.1.1

          An economic commentator remarked that this stage is a game of chicken where both sides have ripped out their steering wheels and brakes. Could be ugly.

          • Tracey 21.1.1.1.1

            I have no doubt it is going to be messy and ugly, but some here, who choose to only address the human factor by way of blaming all Greeks for where they find themselves, ignore the figures, the deterioration (not improvement) from austerity. So, say some Greeks, if we are going to live without jobs, low wages, and so on, why not do it on our terms, and we will take the consequences (which are serious, medications and the health systems are one) BUT austerity hasn’t improved Greece, unemployment continues to rise, pensions (so maligned) are below the poverty line for some countries, unemployment in the over 60’s is now at 60%… they can’t get jobs even if they want them instead of a pension.

            This is so much more complex and human than people like Gosman are making it with his self righteous holier than thou “they made their bed, each and every one of them, now they must slowly starve”

            • Gosman 21.1.1.1.1.1

              The problem is the Greeks haven’t really implemented any major structural reforms yet. The State still owns many supposedly commercial enterprises that should be privatised and the Labour rules and other regulations still make it a very difficult place to do business. The only areas they have touched upon is government spending and that is because they haven’t got as much revenue to spend anymore. The reason for this is they can’t borrow to fund massive deficits and need to start looking at paying back the debt. That seems more like facing up to reality than austerity.

              • Colonial Rawshark

                The problem is the Greeks haven’t really implemented any major structural reforms yet.

                More utter bullshit from Gosman.

                Anyone who wants the truth, don’t listen to Gosman for starters.

                Then, look up the first, second, third, fourth, fifth and sixth austerity packages that the Greece government implemented. These included privatisations, slashing of pensions, increasing the retirement age, cutting of government jobs, wage freezes and wage cuts, loss of employee benefits and bonuses, increased taxes and a raft of other austerity measures.

                All of which have contributed to a 25% destruction of GDP in Greece and a 1/3 rise in suicides.

                And pro vampire bankster fuckers like Gosman want more of the same.

  22. Big Al 22

    With all the talk of Greek Austerity it seems prudent to actually look more closely as how the Greeks live. What the Europeans want is for some of this to change : Did you Know : there are approx. 20% of trades and professions in Greece which are classified as “hazardous”, and which allows the individual to retire at 50? WITH FULL PENSION! (Believe it or not, this includes teachers). ALso, there is no PAYE in Greece, so a tax inspector visits you once a year and reaches agreement with you on what your earnings were, and the tax rate is set accordingly. So, 20% of the workforce retires at 50 years of age with full pension, and the taxable intake is determined over a cup of tea with the tax inspector. Obviously the tax inspector is himself pretty well off, as a bit of grease comes his way on agreeing your taxable income for the year!
    It’s no wonder the economy is a basket case, and no wonder the European powers want that to change. Greece spends more than it earns, and has borrowed to continue to pay for it. But it doesn’t last forever, and the day of reckoning has arrived. The Greeks refuse to admit they can’t continue this way, and the Greek Govt continues to avoid the elephant in the room : Showdown.

    • Sylvia 22.1

      The only reason you want censorship, you are afraid I might succeed, and this will make you look useless…..big time!

      Back off loser and let the bitch do her thing!

    • Colonial Rawshark 22.2

      Big Al you are full of shit; Tspiras and Varoufakis have fully acknowledged that Greece cannot pay its debts yet Germany, the ECB and the IMF want Greece to take on even more loans!!!

      Where sir, are you not criticising the conduct of the big power lenders in pushing more bad debts on to Greece???

      • tinfoilhat 22.2.1

        If a deal is done, Syriza will no doubt claim some sort of a victory, and the eurozone will congratulate itself on saving the single currency, but for most ordinary Greek people the underlying reality will be that of the same old penury as before.

        • Colonial Rawshark 22.2.1.1

          Tspiras has already said that if the Greek people vote to implement the Troika proposals it will mean further austerity, and he will not lead the government which will run that agenda.

    • Colonial Rawshark 22.3

      With all the talk of Greek Austerity it seems prudent to actually look more closely as how the Greeks live.

      Hey dickhead, I’ll tell you how the Greeks “live”: their economy has collapsed by 25% in the last 4 years thanks to the Troika, youth unemployment is up to 60%, and suicides have increased by a third.

      Bankster loving fuckers like you make me sick.

      • Tracey 22.3.1

        but, but, but CR this is a spreadsheet problem, stop involving humans aye.

        • Colonial Rawshark 22.3.1.1

          indeed

          and TPTB would love us to think of this as a technical and spreadsheet problem

          In fact the whole thing reeks of the exertion of political power over a small country

          NB Italy has a public debt 7x bigger than Greece…see what the Eurozone might really be afraid of if they let Greece ‘get away with it.’

          • Tracey 22.3.1.1.1

            Yup Gosman seems to omit the entry into gReece of Bankers through mortgage and credit cards and how they “sold” them, and who sits behind those banks… it’s all the fault of every single person in Greece, even those not born when the SHTF. Now they must suffer til they understand that Libertarianism is their saviour.

            • Gosman 22.3.1.1.1.1

              Yes those insidious organisations allowing people to choose to take up a mortgage or a credit card but not forcing them to do so. Free choice is so evil.

              Btw the debt problem in Greece is Sovereign not private. People taking up mortgages and Credit cards had little impact on them. In fact the banks offering these financial products would have suffered the most as the Greek people who held them and couldn’t pay could simply default and the lenders have little recourse.

    • Tracey 22.4

      could you post sources for all of this Al. I ask because even before the crisis in late 2007 privately employed Greeks could not receive a pension at 50 and one of the first things to go post GFC was the pension at 50 for those in public service (made somewhat problematic by the cOort ruling in 2012 however)

      If you go here and look at all the stats you will see some myths dispelled

      http://www.businessinsider.com.au/greece-germany-pensions-2010-4#average-pension-entrance-age-greece-624-germany-632-11

      “Average pension entrance age; Greece: 62.4 Germany: 63.2”

      “Minimum pension age for women; Greece: 60 Germany: 65-67”

      “Minimum pension age for men; Greece: 65 Germany: 65-67”

      Some other analysis here

      http://www.theguardian.com/business/2015/jun/15/unsustainable-futures-greece-pensions-dilemma-explained-financial-crisis-default-eurozone

      • Tracey 22.4.1

        “Fourth, although there can be no doubt that many Greeks will have jumped on early retirement possibilities, exploited loopholes and claimed pensions when they weren’t allowed to, one needs to only look at the change in the unemployment rate among 55-64 year olds – it now stands at 20%, up from 6% five years ago – to realise that many will have opted for early retirement not because they wanted to, but because they were unable to find work – and a pension is often the only safety net. “

        • Gosman 22.4.1.1

          Perhaps if they were more productive and used some of the billions they borrowed to invest in their economy they would be able to create businesses to provide the jobs for those people. Instead they sunk those billions in to wasteful non-productive areas. The people receiving the money certainly got wealthier but it was a mere illusion. An illusion they are suddenly coming to the realisation over.

          • Tracey 22.4.1.1.1

            is there a side B to your record?

            “Perhaps if they were more productive and used some of the billions they borrowed to invest in their economy they would be able to create businesses to provide the jobs ”

            who is “they”?

            • Gosman 22.4.1.1.1.1

              The Greek government. It is a Sovereign debt issue after all. You are aware that the issue is with the size of the Government debt in Greece not total debt aren’t you?

          • Colonial Rawshark 22.4.1.1.2

            Instead they sunk those billions in to wasteful non-productive areas.

            Huh? Like buying military arms from the USA and Germany? That’s kind of unproductive, you must agree.

            • Bill 22.4.1.1.2.1

              You do know that a ‘conditionality’ of loans was that defense spending (including the purchase of expensive military hardware from abroad) was not to be cut, yes?

            • Gosman 22.4.1.1.2.2

              Entirely wasteful I would agree, especially considering Greece is in NATO and thus has the added protection of having the US military guarranteeing their defence. I don’t believe the US or the Germans forced the Greeks to spend this money on defence though. Certainly other European nations didn’t have a problem controlling defence expenditure. The Greeks chose to spend this money on their military when they couldn’t afford it.

          • Bill 22.4.1.1.3

            “Instead they sunk those billions in to wasteful non-productive areas.”

            Yeah Gosman, that’s right. 90% of the loans went straight back to the lenders. A complete waste. The banks and other lenders should have been compelled to take the hit, instead of being allowed to transfer the debt they created onto the public through a process of bullying that has definitely killed people and impoverished many, many more.

      • Gosman 22.4.2

        The difference is the Germans earn enough in their economy at the moment to afford the pension at 60 odd. The Greeks don’t hance why they have to borrow money to pay for it.

        • Tracey 22.4.2.1

          Do you know the source/s for this information?

          “Did you Know : there are approx. 20% of trades and professions in Greece which are classified as “hazardous”, and which allows the individual to retire at 50? WITH FULL PENSION! (Believe it or not, this includes teachers). ALso, there is no PAYE in Greece, so a tax inspector visits you once a year and reaches agreement with you on what your earnings were, and the tax rate is set accordingly. So, 20% of the workforce retires at 50 years of age with full pension, and the taxable intake is determined over a cup of tea with the tax inspector. Obviously the tax inspector is himself pretty well off, as a bit of grease comes his way on agreeing your taxable income for the year!”

          • Big Al 22.4.2.1.1

            First source : If you spend some time on google you can get to the lists of protected or hazardous professions. Took me about 1/2 an hour. (suggest you start with “Greek Pensions”).
            Second source : Greek son in law who “negotiated” the income levels for his father with the tax inspector. (Or would this be classified as hearsay ??) He has been in NZ for just over 5 years, but with talking to his Father appears nothing has changed since. The Greeks refuse to change their lifestyle rights, and the Greek Govt choose to protect them. Like all financial situations, if you spend more than you earn then at some time to have to pay the piper. Exactly the same within any home in NZ : reduce your outgoings or improve your income to balance the books. You can only borrow, or load the credit card, until you reach your limit.

        • Colonial Rawshark 22.4.2.2

          The difference is the Germans earn enough in their economy at the moment to afford the pension at 60 odd.

          Bullshit. Germany runs a huge trade surplus (what you call “earning”). Problem is that Germany wouldn’t have this trade surplus unless other countries in the EU were stuck in a trade deficit.

          And as usual you avoid mentioning a core issue that is central to the problems of a common currency without a common treasury.

Recent Comments

Recent Posts

  • Canada’s electoral system is broken
    Canadians went to the polls today in parliamentary elections, and appear to have re-elected blackface wearer Justin Trudeau. Unfortunately, they use first-past-the-post, and they've provided a perfect demonstration of how unfair this system is:PartySeats% Seats% VoteLiberal15746.4%33.1%Conservative12135.8%34.4%Bloc Québécois329.5%7.7%New Democratic Party247.1%15.9%Green Party30.9%6.5%Other10.3%2.4% [Results from Elections Canada] Yes, the Liberals got fewer votes ...
    No Right TurnBy Idiot/Savant
    12 hours ago
  • Measles: the quackery that is homeopathic “vaccination”
    A few days ago, a friend sent me a link to a health-related FB page that had published a post from a homeopathist, offering homeopathic “vaccination”¹ against measles (using something called a “Morbillinum nosode” at a “potency” of 200C, which I’ll explain shortly). I followed the link, left a comment ...
    SciBlogsBy Alison Campbell
    16 hours ago
  • Colombia: 20th anniversary of La Gabarra massacre
    by Gearóid Ó Loingsigh This year marks the 20th anniversary of the La Gabarra massacre. The community organised an event to remember the most well-known of the horrendous heart-breaking events that befell the communities of this area of the municipality of Tibú: the massacre carried out on August 21st 1999. ...
    RedlineBy Admin
    17 hours ago
  • A prediction
    There was another police chase in Christchurch this morning, resulting in a crash which killed one person and injured five more. Because someone died, the chase is being investigated by the Independent Police Conduct Authority. And based on previous reports by the IPCA, we know how it will go: the ...
    No Right TurnBy Idiot/Savant
    20 hours ago
  • Climate Change: The Zero Carbon Bill
    Just a month ago we saw the biggest protest in a generation as people marched to demand stronger action on climate change. A core demand of the protesters was to strengthen the Zero Carbon Bill's target to net-zero by 2040. So what is the government's response? Judging by the ...
    No Right TurnBy Idiot/Savant
    24 hours ago
  • Zombie ants, updated
    Back in 2010, I wrote about the strange tale of the zombie ants, which do the bidding of their fungal overlords. (They’re not an isolated example; a range of parasites change their hosts’ behaviour. See here and here for example – though as you’ll find, the toxoplasmosis story may be ...
    SciBlogsBy Alison Campbell
    1 day ago
  • Paying For Our Pakeha “Guilt” And “Privilege”.
    Shouldn't That Be: "Wrong White Crowd"? Rather than apportion guilt, would it not have been wiser for the makers of Land Of The Long White Cloud to accept that the Pakeha of 2019 are not – and never will be – “Europeans”? Just as contemporary Maori are not – and ...
    1 day ago
  • A Bodyguard of Truths.
    One, Two, Many Truths: With the collapse of “actually existing socialism” in 1991, the universities of the West found themselves saddled with a new mission. With their ideological competitors now soundly defeated they were no longer required to demonstrate the superiority of capitalist values. Their job now was to cement ...
    1 day ago
  • A call to unionists
    by the Council of Disobedient Women   We call on the Council of Trade Unions to show some fortitude and take a stand with your sisters. Unionists know that there is a material world, otherwise workers could simply identify out of poverty. They could declare themselves Well Paid. Why stop ...
    RedlineBy Daphna
    2 days ago
  • Sophistry and bullshit
    I spent some time reading the Regulatory Impact Statement and Bill of Rights Act advice for the government's odious control order scheme today. I am not impressed with either of them. Starting with the RIS, it is built on some pretty questionable assumptions. For example:Unless individuals have been convicted of ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • I’m so fly, I’m #NoFly!
    #NoFly: Walking the talk on climate change, by Shaun Hendy. BWB Texts, 2019. Reviewed by Robert McLachlan In June 2018, Swede Maja Rosén founded We stay on the ground with a pledge not to fly in 2019, and a goal of persuading 100,000 other Swedes to join her. In August, ...
    SciBlogsBy Guest Author
    2 days ago
  • Punishing the young
    We all know that NZ First is a party of and for old people who hate the young. But they've topped their previous pedophobia with a proposal that all young people be forced to do 100 hours community work:NZ First wants all young people to do 100 hours of community ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • Journalism, clickbait, & ideas of classical beauty – but not science
    A couple days ago the NZ Herald published a story with the headline, “Science says Bella Hadid is world’s most beautiful woman“, and followed up with the ridiculous statement that Supermodel Bella Hadid has been declared as the world’s most beautiful woman following a scientific study into what constitutes as ...
    SciBlogsBy Alison Campbell
    2 days ago
  • Is Simon’s Smile Sustainable?
    A Sustainable Proposition: With as much as 18 percent of the electorate declaring itself “undecided” about who to vote for, there is obviously plenty of space for a party like former Green Party member, Vernon Tava's, about-to-be-launched "Sustainable NZ Party" to move into. The most hospitable political territory for such ...
    2 days ago
  • What the actual Hell?
    Keir Starmer has hinted that Labour might vote in favour of the Johnson government's shoddy deal, with the proviso that a second referendum is attached:Speaking to BBC One’s The Andrew Marr Show, he said: “We will see what that looks like but it makes sense to say that by whatever ...
    2 days ago
  • Hard News: Dealer’s Choice, an oral history from Planet 1994
    In 1994, I was the editor for an issue of Planet magazine focused on cannabis, its culture and the prospects for the end of its prohibition. Part of that issue was an interview with 'Ringo', an experienced cannabis dealer.I recently posted my essay from that issue, and I figured it ...
    4 days ago
  • The invasion of women’s sports by men: some facts
    Dr Helen Waite, sports sociologist and former elite athlete, on the invasion of women’s sport by men and the anti-scientific and misogynist ideology used to rationalise it.   ...
    RedlineBy Admin
    4 days ago
  • Remainers starting to sound like fascists
    As Brexit comes to a grisly conclusion (perhaps) people on all sides are saying intemperate and uwise things.  Some, like the Daly Mail, have been doing it for years.People as normally level headed as Jon Lansman are calling for automatic deselection of MPs who vote against a (likely) Labour three ...
    4 days ago
  • Labour MPs supporting Johnson’s turd-sandwich deal?
    I find this unbelievable:
    I've got one source saying more Labour MPs than expected are mulling whether to vote for the deal - including names who were not on the letter to Juncker and Tusk— Emilio Casalicchio (@e_casalicchio) 17 October 2019 I've compiled a list of possible reasons why Labour ...
    5 days ago
  • Why do we need control orders again?
    On Wednesday, the government was loudly telling us that it needed to legislate to allow it to impose "control orders" - effectively a parole regime, but imposed without charge, prosecution, conviction or real evidence - on suspected terrorists because they couldn't be prosecuted for their supposed crimes. Today, it turns ...
    No Right TurnBy Idiot/Savant
    5 days ago
  • Bullshitting the Minister
    On Monday, the Hit and Run inquiry heard from NZDF's former director of special operations, who claimed that the defence Minister knew everything about the Operation Burnham raid. Today, the inquiry heard from that (former) Minister - and it turns out that he didn't know nearly as much as NZDF ...
    No Right TurnBy Idiot/Savant
    5 days ago
  • Speaker: Extinction Rebellion is not a cult (but ecstasy for the people)
    Yoga gurus and cult leaders – I’ve seen a few. Two weeks ago, I unknowingly joined an alleged new-age cult at the Kāpiti coast, together with a giant kraken and some neatly dressed pensioners who would make any book club proud.They were among the two hundred people of all ages ...
    5 days ago
  • We need to bring the police under control
    The last decade has seen a trend of increasing weapons availability to police. Assault rifles. Tasers on every hip. Guns in cars. And following the march 15 massacre, pistols on every hip, all over the country. At the same time, its also seen an increase in the abuse of force: ...
    No Right TurnBy Idiot/Savant
    5 days ago
  • If you can’t measure it, does it exist?
    In the last couple of weeks, I’ve been busy preparing for our summer paper on Science Communication. Looking for something amusing about ‘risk’ in science, I came across this neat xkcd.com cartoon about why so many people come knocking on my door (or phoning me, or emailing me) desperately wanting ...
    SciBlogsBy Marcus Wilson
    5 days ago
  • Swinson’s swithering
    Jo Swinson is doing even worse at this Being Sensible lark that I'd thought.  I've just become aware of the following utterance
    .@KayBurley presses Lib Dem leader @joswinson on whether she would agree to a #Brexit deal 'no matter how bad a deal it is' as long as it had ...
    6 days ago
  • Women’s rights, trans ideology and Gramsci’s morbid symptoms
    by John Edmundson The International Socialist Organisation (ISO) have recently reposted a February article, by Romany Tasker-Poland, explaining ISO’s position in the “trans rights” debate.  It is available on their website and on their Facebook Page.  The article sets out to explain why “socialists support trans rights”.  It reads more ...
    RedlineBy Admin
    6 days ago
  • We need to take guns off police
    Today's IPCA report of police criminality: a police officer unalwfully tasered a fleeing suspect who posed no threat to anyone:The police watchdog has found an officer unlawfully tasered an Auckland man who broke his ankle jumping off a balcony to escape arrest. [...] To avoid arrest, the man jumped over ...
    No Right TurnBy Idiot/Savant
    6 days ago
  • “Bringing kindness back”
    "Auckland City Mission: 10% of Kiwis experiencing food insecurity", RNZ, 16 October 2019:About half a million people are experiencing food insecurity, according to new research from the Auckland City Mission. Food insecurity, or food poverty, is defined as not having enough appropriate food. The City Mission said over the last ...
    No Right TurnBy Idiot/Savant
    6 days ago
  • Press Release: “Fake News” from Auckland City Council CCOs Board Chairs re pay and performance b...
    Media Statement for Immediate Release 16th October 2019 “Fake News” from Auckland City Council CCOs Board Chairs re pay and performance bonuses for top managers Despite comments from Auckland City Council CCOs Board Chairs re pay and performance bonuses for top managers—Herald Newspaper Tuesday Oct 15th–there is very little evidence ...
    Closing the GapBy Tracey Sharp
    6 days ago
  • Ever-So-Slightly Bonkers: Simon Bridges Plays To His Base.
    Would You Buy A Used Propaganda Video From This Man? Bridges and the National Party’s strategists have discovered that the ideas and attitudes considered acceptable by today’s editors and journalists are no longer enforceable. The rise and rise of the Internet and the social media platforms it spawned means that ...
    6 days ago
  • Asking for food
    There is plenty of evidence of the way the business mentality has permeated every level of society since the recrudescence of market liberalism 35 years ago. You only need to think of how citizens in need of help from their government, their state, their country, are now routinely described as ...
    Opposable ThumbBy Unknown
    6 days ago
  • Forty years of change in the jobs Kiwi do and the places they call home
    John MacCormick Over the last 40 years, New Zealanders – and people in other countries – have experienced big changes in the jobs they do and where they live and work. These changes include: a decline in manufacturing jobs an increase in jobs in ‘information-intensive’ industries (which are better paid ...
    SciBlogsBy Guest Author
    6 days ago
  • Protecting Fresh Waterways in Aotearoa/NZ: The Strong Public Health Case
    Nick Wilson, Leah Grout, Mereana Wilson, Anja Mizdrak, Phil Shoemack, Michael Baker Protecting waterways has the benefits of: (1) protecting water from hazardous microbes; (2) minimising cancer risk and other problems from nitrates in water; (3) avoiding algal blooms that are hazardous to health; (4) protecting mahinga kai uses (cultural ...
    SciBlogsBy Public Health Expert
    6 days ago
  • Massey University triggered to rebrand
    by The Council of Disobedient Women In a press release today Massey University announced it has decided to rebrand and reorientate after struggling to be a University for grown-ups. For some time the University has wanted to be a safe play space for wee-woke-misogynists who have been really badly triggered ...
    RedlineBy Daphna
    7 days ago
  • Swinson backing calls for a second referendum (again)
    After a brief dalliance with 'hard Revoke' it looks like the Lib Dems are changing ground on on Brexit, with leader Jo Swinson reverting to calling for a second referendum on Johnson's deal.The party has tabled an amendment to the Queen’s speech requesting that any deal brought back from Brussels ...
    7 days ago
  • An odious bill
    The government has decided that someone has done Something Bad. But despite their belief, there seems to be no evidence that they have actually broken the law. So the government's solution is to pass a retrospective law allowing them to be punished anyway, on a lower standard of proof. If ...
    No Right TurnBy Idiot/Savant
    7 days ago
  • National is now the party of climate arson
    So, Judith Collins has done a Facebook rant about climate change, peddling the same shit National has been shovelling for the past twenty years: the impacts are overstated, there's no need to do anything about it, and its too hard anyway (oh, and its so unfair that people who peddle ...
    No Right TurnBy Idiot/Savant
    7 days ago
  • The environmental footprint of electric versus fossil car
    Climate Explained is a collaboration between The Conversation, Stuff and the New Zealand Science Media Centre to answer your questions about climate change. If you have a question you’d like an expert to answer, please send it to climate.change@stuff.co.nz There is a lot of discussion on the benefits of ...
    SciBlogsBy Guest Author
    7 days ago
  • “Manifest” by Andrew Bird – A Song For The Times.
    I came across this song quite by accident. If it isn't one of Greta Thunberg's favourites - it should be.Video courtesy of YouTube.This post is exclusive to Bowalley Road. ...
    7 days ago
  • Passing the buck
    Last month, NZDF's shoddy coverup of what it knew about civilian casualties in Operation Burnham began to fall apart, with the revelation that a report on the matter, which NZDF claimed not to have, had been sitting in an NZDF safe for the past nine years. Yesterday, the man responsible ...
    No Right TurnBy Idiot/Savant
    7 days ago
  • India a major player in Earth observation satellites
    While many imagine that countries like the USA and Europe dominate space activities, in fact India is now a major player on this stage. It launches satellites for its own purposes and also commercially, and has constellations orbiting our planet and returning data of vital importance to that nation in ...
    SciBlogsBy Duncan Steel
    1 week ago
  • The rot at the top (2).
    Thanks to a report from the Acting Inspector General of Intelligence and Security following a complaint by Nicky Hager, we have come to find out that the SIS illegally spied on Mr. Hager on behalf of the NZDF after publication of Hager’s 2011 book, Other People’s Wars. The NZDF justified ...
    KiwipoliticoBy Pablo
    1 week ago
  • Common misconceptions about “Global Warming”
    COMMON MISCONCEPTIONS ABOUT GLOBAL WARMING MYTH 1: Global temperatures are rising at a rapid, unprecedented rate. FACT: The HadCRUT3 surface temperature index, produced by the Hadley Centre of the UK Met Office and the Climate Research Unit of the University of East Anglia, shows warming to 1878, cooling to 1911, ...
    An average kiwiBy admin@averagekiwi.com
    1 week ago
  • A climate of tyranny
    For the past week, Extinction Rebellion has been peacefully protesting in London to demand action on climate change. The British government's response? Ban their protests:Police have banned Extinction Rebellion protests from continuing anywhere in London, as they moved in almost without warning to clear protesters who remained at the movement’s ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Collins crushes climate
    An essay by Judith Collins MP reported on Carbon News yesterday seems to show an alarming shift in attitude within the National Party. Collins argues against the Zero Carbon Bill, the Paris Agreement, and downplays the magnitude of climate impacts. The Paris Agreement was adopted in December 2015 and ratified ...
    SciBlogsBy Robert McLachlan
    1 week ago
  • More disappointment
    When they were running for election, Labour promised to overhaul the Employment Relations Act and introduce fair pay agreements to set basic pay and conditions on an industry level, preventing bad employers from undercutting good ones. They followed this up by establishing a working group, which reported back in January ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • What do these mother-child studies really say about fluoridation?
    A list of indicators of bad science – many of these are found in articles promoted by anti-fluoride activists. Anti-fluoride activists have been pouring money into a scaremongering campaign warning pregnant women not to drink fluoridated water. They claim fluoride will lower the IQ of their future child. Fluoride ...
    1 week ago
  • Losing Labour’s Mills-Tone.
    Nothing Left To Say: Labour's pollster, Stephen Mills, remains swaddled-up in the comforting myths of the 1980s. As if the experience of Roger Douglas’s genuinely radical post-Muldoon policy agenda was literally a once-in-a-lifetime thing – as much as the party could possibly absorb for at least the next 50 years.MEMO ...
    1 week ago
  • Speaker: Disability and the Royal Commission of Inquiry into Historical Abuse
    The Royal Commission on abuse in care is very significant for the disability community. For many decades last century, thousands of disabled children, and adults who managed to survive, were locked away from families and communities. This was not for anything they had done, but for the perceived threat their ...
    1 week ago
  • Spain is not a democracy
    No Right TurnBy Idiot/Savant
    1 week ago
  • UK Conservatives hate democracy
    With an unfair voting system, uneven electorates and an un-elected upper house, the UK's "democracy" is barely worthy of the name. But now the government wants to make it worse:The government has been accused of suppressing voters’ rights with the potential disenfranchisement of tens of thousands of people after plans ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • What is wrong with our building industry?
    Back in the 90's and early 2000's, the building industry was building leaky homes which should never have been granted consent. Now it turns out they've been building dodgy office blocks as well:New imaging technology has revealed hundreds of major buildings nationwide have defective or missing concrete or reinforcing steel. ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Local bodies
    Local body election results were released over the weekend, to joy or despair depending on where you live. In Auckland, Phil Goff trounced John Tamihere, who is muttering darkly about running for Parliament again (but which party would want him?) Wellington is now a wholly-owned subsidiary of Weta Workshop, except ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • A future of government
      How could government evolve over the next decades? Reports of democracy’s imminent demise are greatly exaggerated.  However, satisfaction with political systems in many countries is low, so there is much to do for governments of all political stripes to improve relevance and trust. Digital technologies are seen as one ...
    SciBlogsBy Robert Hickson
    2 weeks ago
  • Speaker: Catalonia, interrupted
    Two years have now gone by since the Friday afternoon when my university-student son and I headed out of our Barcelona flat to a nearby primary school, designated as a polling station for the vote that was to be held the following Sunday: the referendum on Catalonia’s independence from Spain ...
    2 weeks ago
  • Sage Decisions Unwisely Over-Ruled.
    Overruled: The joint decision of Finance Minister, Grant Robertson (Labour) and his Associate Minister, David Parker (Labour) arguably the two most powerful ministers in Jacinda Ardern’s government, to grant OceanaGold the consents which Land Information Minister, Eugenie Sage (Greens) had earlier denied them, offers bitter proof of how hard fighting ...
    2 weeks ago
  • Government may ban voting in effort to get more people to do it
    More than double the number of people who will vote in this year’s local body elections have tried marijuana or urinated somewhere they shouldn’t have. As local elections look set for the lowest turnout in decades, with many regions falling well short of 40%, the Government is exploring a number ...
    The CivilianBy admin
    2 weeks ago
  • Woman: Deleted.
    A Statement on Abortion Law Reform by the Council of Disobedient Women   On the eve of bringing an end to antiquated, anti-women abortion laws Green MP Jan Logie intends to write women out of the Bill. With a stroke of the pen, the woke are aiming for total erasure ...
    RedlineBy Daphna
    2 weeks ago
  • The Hollowest of Men Ride Again… SURPRISE!
    Musings continue apace about “the experienced businessman!” soon to be taking up a National Party MP position. Or to be more accurate, being parachuted into a seat to shut down their former MP Jamie-Lee Ross, who despite his own shortcomings shed at least some more light on the inner workings ...
    exhALANtBy exhalantblog
    2 weeks ago
  • Barbaric
    The Ugandan government wants to murder gay people:Uganda has announced plans to impose the death penalty on homosexuals. The bill, colloquially known as “Kill the Gays” in Uganda, was nullified five years ago on a technicality, but the government said on Thursday it plans to resurrect it within weeks. The ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Is this study legit? 5 questions to ask when reading news stories of medical research
    Hassan Vally, La Trobe University Who doesn’t want to know if drinking that second or third cup of coffee a day will improve your memory, or if sleeping too much increases your risk of a heart attack? We’re invested in staying healthy and many of us are interested in reading ...
    SciBlogsBy Guest Author
    2 weeks ago
  • Fighting Monsters.
    Freedom Of Speech? The Säuberung (cleansing by fire) was the work of the German Student Union which, on 10 May 1933, under the watchful eye of the Nazi Reichminister for Propaganda, Joseph Goebbels, consigned 25,000 books to the flames in a ritual exorcism of “un-German thought”. According to the logic of the ...
    2 weeks ago
  • The next wave of kaupapa Māori politics: its constitutional, it must be.
      “There can be no such thing as kaupapa Māori political parties or politics in Aotearoa” (Willie Jackson, Labour Party (2017). Māori TV, General/List Election Special) I begin with that claim because at the time, I was confounded at first that it fell out of Willie Jackson’s mouth, and then ...
    EllipsisterBy Ellipsister
    2 weeks ago
  • Night lights of NZ from orbit
    New Zealand has prided itself for decades with regard to its lack of pollution, and all will be aware that the ‘100% Pure New Zealand‘ meme is under threat through land, water and air pollution of various causes. There is another type of contamination that the country also faces: light ...
    SciBlogsBy Duncan Steel
    2 weeks ago
  • Reporters deliver uplifting news to fleeing Japanese residents: they won’t miss any rugby
    New Zealand’s media is doing its part in Japan, reassuring those in the path of the storm that they won’t miss any rugby while away from their flooded homes. New Zealand sports reporters stationed in Japan for the Rugby World Cup have had the rare and heartwarming opportunity to inform ...
    The CivilianBy admin
    2 weeks ago
  • Government in contentious discussions about whether to put surplus on red or black
    Regional Development Minister Shane Jones is the only Cabinet member in favour of putting it all on green. As Finance Minister Grant Robertson finds himself with an enormous $7.5 billion surplus, the Government has begun intense, at times contentious conversations about whether to put the money on red or black at ...
    The CivilianBy admin
    2 weeks ago
  • Jordanian teachers’ successful strike has lessons for here
    by Susanne Kemp At the start of September close to 100,000 school teachers went on strike in Jordan.  They demanded a 50% pay rise.  A pay rise actually agreed to by the regime back in 2014. In early October, however, in the face of government repression and threats, the teachers’ ...
    RedlineBy Admin
    2 weeks ago
  • Why some people still think climate change isn’t real
    Climate Explained is a collaboration between The Conversation, Stuff and the New Zealand Science Media Centre to answer your questions about climate change. If you have a question you’d like an expert to answer, please send it to climate.change@stuff.co.nz Why do people still think climate change isn’t real? David ...
    SciBlogsBy Guest Author
    2 weeks ago
  • The SIS unlawfully spied on Nicky Hager
    Back in 2011, journalist Nicky Hager published Other People's Wars, an expose on NZDF's activities over the previous decade of the "war on terror". NZDF didn't like this, and especially didn't like the fact that it was base don leaks from their own. So, they had the SIS investigate him ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • October 2019 – Newsletter
    https://mailchi.mp/7d9133add053/closing-the-gap-october-2019-newsletter ...
    Closing the GapBy Tracey Sharp
    2 weeks ago
  • And they wonder why we think they’re environmental vandals…
    The Zero Carbon Bill is due back from select committee in two weeks, and will likely pass its final stages in November. So naturally, farmers are planning a hate-march against it. But they're not just demanding lower methane targets so they can keep on destroying the planet; they're also demanding ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Climate Change: Paying the price in California
    Last year, California burned. This year, to stop it happening again (or rather, to stop themselves from being found liable if it happens again), Pacific Gas and Electric is cutting power to half the state for a week:Schools are closed. Traffic lights down. Tunnels dark. Businesses unopened. Hospitals running on ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Let’s Hear It For Up-Close-And-Personal, Hard-Copy Democracy!
    The Best Way: Missing from the on-line voting debate is any reference to the voting system that produces turn-out figures ranging from 77 to 93 percent of registered voters. The voting system used to collect and count the votes cast in our parliamentary elections. The system that involves citizens making ...
    2 weeks ago
  • 10/10: World Day Against the Death Penalty
    Today, October 10, is the world day against the death penalty. Out of 195 UN member states, 84 still permit capital punishment. Today is the day we work to change that. This year's theme is children. Having a parent sentenced to death or executed causes long-term trauma and stigmatization which ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Talking Freer Lives: a Marxist gender-critical perspective from Australia
    Among the great new bunch of political friends we have been making recently is the excellent Australian-based Marxist gender-critical site, Freer Lives.  So we asked the comrade who set up that blog to write something for Redline on the blog, himself, his analysis of the rise of gender politics and ...
    RedlineBy Admin
    2 weeks ago

  • Government invests in Te Reo, environmental data research
    The Government is investing in ambitious research that will digitise Te Reo, grow the low-carbon protein efficient aquaculture industry, help interpret environmental trends, and large data sets says Research, Science and Innovation Minister Megan Woods. The four projects range from teaching Siri to speak Te Reo to crunching large environmental ...
    BeehiveBy beehive.govt.nz
    2 hours ago
  • Government announces next steps as part of a comprehensive plan to fix skills gap
    A new education-to-employment brokerage service to strengthen connections between local employers and schools. Funding for more trades focused ‘speed-dating’ events to connect schools with employers. Promotional campaign to raise profile of vocational education. The Government is taking action to increase the number of young people taking up vocational education and ...
    BeehiveBy beehive.govt.nz
    3 hours ago
  • Corrections Amendment Bill passes third reading
    A Bill to improve prison security and ensure the fair, safe, and humane treatment of people in prison while upholding public safety has passed its third reading. Corrections Minister Kelvin Davis says the Corrections Amendment Bill makes a number of changes to ensure the Corrections Act 2004 is fit for ...
    BeehiveBy beehive.govt.nz
    18 hours ago
  • Ngāi Tahu CEO appointed to NZ-China Council
    Minister for Māori Development, Nanaia Mahuta, has selected Arihia Bennett MNZM, Chief Executive Officer of Te Rūnanga o Ngāi Tahu, as the Te Puni Kōkiri appointed representative on the New Zealand-China Council. The New Zealand-China Council (the Council) was established in 2012 as a New Zealand led and funded organisation ...
    BeehiveBy beehive.govt.nz
    20 hours ago
  • Southern Response claims move to EQC
    Responsibility for processing the small number of Southern Response claims still to be settled will be transferred to EQC by the end of the year. “As claim numbers reduce, it no longer makes sense for the Crown to have two organisations processing the remaining Canterbury claims,” Grant Robertson says. “Since ...
    BeehiveBy beehive.govt.nz
    23 hours ago
  • Bowel screening starts in Whanganui
    Health Minister David Clark is encouraging Whanganui residents to take up the opportunity for free bowel screening, which can detect cancer early when it’s easier to treat.   Over the next two years 12,000 Whanganui locals, aged 60 to 74 will be invited to participate in the National Bowel Screening ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Pacific Peoples Minister to attend Our Ocean Conference in Norway
    Minister for Pacific Peoples Aupito William Sio, heads to Oslo today to represent New Zealand at the sixth Our Ocean Conference, which is being hosted by the Norwegian Government from the 23-24 October. “The Our Ocean Conference mobilises real action on issues like marine plastic pollution and the impacts of ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government announces 27 percent increase in Trades Academy places
    Two secondary-school initiatives are being expanded as part of the Government’s plan to see more young New Zealanders take up a trade to help close the skills gap.   This includes the largest single increase in Trades Academy places in recent years. Prime Minister Jacinda Ardern and Education Minister Chris ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Speech to the New Zealand Institute of International Affairs, Pacific Futures Conference: Connection...
    Session 4: Pacific Connectivity – Youth, Media and New Opportunities   Kia ora tatou katoa and Warm Pacific greetings to one and all. Representatives of Tainui, the local people of the land, or manawhenua – the indigenous peoples of this area – have welcomed you this morning in accordance with ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Methane reducing cattle feed one step closer
    The Government today announced its support for a project that could substantially reduce agricultural greenhouse gas emissions from cattle. The announcement was made as part of Prime Minister Jacinda Ardern’s and Agriculture Minister Damien O’Connor’s visit to Nelson’s Cawthron Aquaculture Park. The Cawthron Institute will receive $100,000 from the Government’s ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Bill to refresh superannuation system passes first reading
    Social Development Minister Carmel Sepuloni has welcomed the first reading of the New Zealand Superannuation and Veteran’s Pension Legislation Amendment Bill. “Every New Zealander has a stake in New Zealand Superannuation and Veteran’s Pension,” says Carmel Sepuloni. “They are our most common form of social assistance – nearly 800,000 New ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Government announces next steps in fight against measles
    Babies in Auckland aged six months and over can receive a free vaccination and children will all have access to vaccines, Associate Minister of Health Julie Anne Genter announced today at Papatoetoe High School.   The move comes as part of Government efforts to step up the fight against measles. ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Speech to the New Zealand Institute of International Affairs, Pacific Futures: Connections, Identity...
    ***Check against delivery*** Good morning. It is a pleasure to be here, and to have the honour of opening this important conference on behalf of the New Zealand Institute of International Affairs. Let us take the opportunity to acknowledge all the people who have helped make today possible, including our special ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Police trial new response to high risk events
    Police Minister Stuart Nash says the safety of frontline officers and members of the public will be the focus of a new trial of specialist Police response teams in three of our largest urban centres. Police have this morning released details of an initiative to be trialled in Counties Manukau, ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • New awards celebrate fisheries sustainability
    The Minister of Fisheries is calling for entries for a new public award to celebrate innovation in our seafood sector. “I have established the Seafood Sustainability Awards to recognise and celebrate those throughout industry, tangata whenua and communities who demonstrate outstanding dedication and innovation towards the sustainability of New Zealand’s ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • More progress for women and we can do more
    Minister for Women Julie Anne Genter welcomes leaders in the private sector taking action on closing their gender pay gaps to ensure a fairer workplace for all New Zealanders. Ms Genter today launched a new report, Addressing the gender pay gap and driving women’s representation in senior leadership, from the Champions for ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Proposals to curb environmental damage help our coasts and the oceans
    Government Ministers today welcomed the release of a marine environment report highlighting the four key issues affecting our oceans, estuaries and coastlines.  The release underlines the importance of government proposals to combat climate pollution, ensure clean freshwater, protect biodiversity, make land use more sustainable, and reduce waste and plastic.    Environment ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • New mental health facility for Waikato
    The Government has approved funding for a new acute mental health facility for Waikato which will provide better care and support to people with mental health and addiction issues. Prime Minister Jacinda Ardern and Health Minister Dr David Clark announced the $100 million project to replace the aging Henry Rongomau ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • 500 new te reo Māori champions in our classrooms
    The Government is making progress on its goal to integrate te reo Māori into education by 2025, with over 500 teachers and support staff already graduating from Te Ahu o te Reo Māori,  Associate Education Minister Kelvin Davis announced today. Kelvin Davis made the announcement at an awards ceremony in Waikanae today, for ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Minister James Shaw welcomes 2018 Census first release
    Statistics Minister James Shaw has welcomed the first release of 2018 Census data. The first release of data today, 23 September, includes key data on population, regional growth, the number of homes and the size of different ethnic groups in New Zealand. Data from the 2018 Census will support the ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Driving transparency, ethics and accountability in government use of algorithms
    Minister for Statistics James Shaw today announced a public consultation on a proposed algorithm charter for government agencies. The charter has been developed by the Government Chief Data Steward in response to growing calls for more transparency in government use of data. Computer algorithms – procedures or formulas for solving ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • New Zealand and the Netherlands working together on climate change
    Agriculture Minister Damien O’Connor, Climate Change Minister James Shaw and visiting Dutch Prime Minister Mark Rutte co-hosted a business roundtable in Auckland this morning focused on working together to address climate change.  “The Netherlands is an important partner for New Zealand. We share a strong agricultural history. Sustainable agribusiness and ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Protecting fairness for workers and businesses
    The Government is taking action to build an inclusive economy where more of us receive our fair share at work and businesses can compete on great products and services, not undercutting wages and conditions, Immigration and Workplace Relations and Safety Minister Iain Lees-Galloway says. Two consultations launched today seek feedback ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Indigenous Freshwater Fish Bill Passes
    The future for New Zealand’s threatened indigenous freshwater fish looks brighter with the passing of the Conservation (Indigenous Freshwater Fish) Amendment Bill in Parliament today said Minister of Conservation, Eugenie Sage. “Until now, our freshwater fish legislation has been 20 years out of date. We have lacked effective tools to ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Kiwis to take part in world’s biggest earthquake drill
    At 1.30pm tomorrow, hundreds of thousands of Kiwis will join about 65 million people around the globe in ShakeOut, the world’s biggest earthquake drill. The annual drill is to remind people of the right action to take during an earthquake which is to Drop, Cover, Hold, and to practise their ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Rising wages and low inflation supporting Kiwis
    Kiwis are benefiting from higher wage growth and low inflation under the Coalition Government. Stats NZ data out today shows the rise in the cost of living remains low, as annual Consumers Price Index (CPI) inflation fell to 1.5% in September from 1.7% in June. “The low inflation comes as ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • NZ economy strong amid global headwinds
    New Zealand’s economic strength and resilience has been recognised in a major update on the state of the global economy. The IMF’s latest World Economic Outlook released overnight shows a reduced global growth forecast over the next two years as issues like the US-China trade war and Brexit take hold. ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Keeping New Zealanders safer with better counter-terrorism laws
    Justice Minister Andrew Little has today introduced a new Bill to prevent terrorism and support the de-radicalisation of New Zealanders returning from overseas. The Terrorism Suppression (Control Orders) Bill gives the New Zealand Police the ability to apply to the High Court to impose control orders on New Zealanders who ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Improved succession and dispute resolution core of Ture Whenua changes
    A Bill that proposes targeted changes to simplify the processes for Māori land owners when engaging with the Māori Land Court has had its First Reading today. “The approach taken by the Government is to ensure that the protection of Māori land remains a priority as we seek to improve ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Speech to CTU Biennial Conference
    Let me first thank all the new unionists and members in the room. There is nothing more important to improving people’s working lives than people making the decision to care, to get on board and help, to take up the reins and get involved. Congratulations to you. You bring the ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Minister ensures continued Whenuapai flight operations
    Minister of Defence Ron Mark has signed a certificate exempting the activity of engine testing at Whenuapai Airbase from the Resource Management Act 1991. The Act gives the Minister of Defence the power to exempt activities for the purposes of national security.  The certificate will mean the recent Environment Court ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • NZ joins Coalition of Finance Ministers for Climate Action
    Finance Minister Grant Robertson has announced New Zealand will join the Coalition of Finance Ministers for Climate Action while attending APEC meetings in Chile. The objective of the 39 member Coalition is to share information and promote action to tackle climate change. It was formed in April this year, in ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Feedback Sought – Section 71 – Lyttelton Parking
    Feedback sought– Lyttelton commercial zone parking  The Associate Minister for Greater Christchurch Regeneration, Poto Williams, is seeking feedback on a proposal to remove on-site car parking requirements for new developments in the Lyttelton commercial zone.  The proposal, by Christchurch City Council, asks that powers under section 71 of the Greater ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Feedback Sought – Section 71 – Hagley Oval
    Hon Minister Poto Williams Associate Minister for Greater Christchurch Regeneration   MEDIA STATEMENT       Tuesday 15 October 2019 Feedback sought – Hagley Oval The Associate Minister for Greater Christchurch Regeneration, Poto Williams, is seeking feedback on a proposal about Hagley Oval. The proposal was developed by Regenerate Christchurch ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • CTU speech – DPM
    Ladies and gentlemen, NZCTU President Richard Wagstaff, members of respective unions – thank you for the invitation to speak to you today. This might be preaching to the choir, but the importance of trade unions in New Zealand’s historical arch is difficult to understate. And it is my belief that ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Police Association Annual Conference
    "Let’s start by acknowledging that it has been a huge year. " Police Association Annual Conference James Cook Grand Chancellor Hotel Wellington Nau mai, haere mai. Tēnā koutou, tēnā koutou, ka nui te mihi, ki a koutou katoa. President of the Police Association, Chris Cahill; Members of the Association and ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand announces a further P-3 deployment in support of UN sanctions
    Minister of Foreign Affairs Winston Peters and Minister of Defence Ron Mark have announced the New Zealand Government’s decision to again deploy a Royal New Zealand Air Force P-3K2 (P-3) maritime patrol aircraft to support the implementation of United Nations Security Council (UNSC) resolutions imposing sanctions against North Korea. New ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand deeply concerned at developments in north-east Syria
    Foreign Affairs Minister Winston Peters says New Zealand continues to have serious concerns for peace and stability in north-east Syria. “Recent reports that hundreds of ISIS-affiliated families have fled from a camp are deeply concerning from a humanitarian and security perspective”, Mr Peters says. “While we acknowledge Turkey’s domestic security ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government on high alert for stink bugs
    Biosecurity Minister Damien O’Connor is warning travelling Kiwis to be vigilant as the high-season for the crop-eating brown marmorated stink bug (BMSB) is under way. “We’re on high alert to stop BMSB arriving in NZ. The high season runs until April 30 and we’ve strengthened our measures to stop stink ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Better protections for students in halls of residence
    The Government is moving swiftly to change the law to improve the welfare and pastoral care of students living in university halls of residence and other tertiary hostels. Cabinet has agreed to several changes, including creating a new mandatory Code of Practice that sets out the duty of pastoral care ...
    BeehiveBy beehive.govt.nz
    1 week ago