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How Do You Think the Greece Mess Will Play Out?

Nov 28, 2010
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The markets got giddy a couple of days ago because everybody thought a deal was in the works.

Now they aren't so sure again.

Apparently this week's (or was it last week's) payment has been papered over, but the end of the month killer bill is still on the horizon.

It isn't even clear that Greece can afford interest-only payments on a reduced bill.

Who's going to lend them money to extend a debt no one believes they can possibly pay?

We've already seen Deutsche Bank officials resign. In simple terms, this is a crisis only because governments are putting bank profits ahead of the European and world economy. Where have we seen thinking like that before?

So what do you think will happen?

What do you think should happen?

If Russia didn't have serious economic problems of its own, I could see Putin riding to the rescue in exchange for maybe a naval base. I'm sort of surprised not even to hear whispers of such a deal.
 
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Either they accept the pension reform the EU is demanding or they get out of the EU and no one will buy their debt. Thereby tanking their economy and making every Greek citizen poorer. Greece proves Margaret Thatcher right when she said " the problem with Socialism is pretty soon you run out of other people's money".
 
If only I had been a fly on the wall at the Bilderberg Conference last week.
What I don't get is why we don't have extensive video and audio from those meetings. You know we have the technology. Whether it's NSA or the KGB or Wikileaks or our modern muckrakers - where's the info? Why isn't somebody leaking at least some of what you know was recorded, officially and unofficially?

Or are the Bs really at the top of the food chain and have even better protective tech than all the world's surveillance agencies?

The other thought I always have when these guys and G7 and other masters of the world getting together is why doesn't someone try to blow them up? Where are the terrorists? Where are the covert ops from excluded nations? Where are the eco-warriors? I mean I know there must be awesome protection, but if a guy can land a gyrocopter on the White House lawn, surely we should be seeing something.
 
At the G7, we journalists were pampered – at Bilderberg we're harassed by police


Bilderberg uses the same security as the G7, just on a slightly different alp. So why don’t the lavish state resources extend to allowing free press reporting?



A mobile radar station has been supplied to cover the Bilderberg conference, guarded by Austrian soldiers. Photograph: Sean Gallup/Getty Images

The clock has struck midnight. The dream is over. Back at the G7 summit, barely a day and 20 miles from here, I was treated like a prince. I was one of the chosen 3,000 journalists who were primped, pampered, fed and burped, given free T-shirts, gallons of goulash, buckets of booze, and all the cheesy footage of world leaders we could swallow. We lay back on our branded beanbags and were tickled silly by the gentle fist of the G7 PR machine. But not any more. The beanbag has burst.

“Step out of the vehicle and show me your identification!” A group of Austrian police officers took up position round my car. I pulled on the handbrake and opened the door. I swear to God one young officer shifted his hand to the butt of his sidearm, like I was about to rush them. All 12 of them. All armed. Maybe if there had only been 10 I might have taken them down using a slingshot improvised from my shoelaces, but not 12. I might be crazy but I’m not nuts.

Bear in mind, this checkpoint is all part of the same security operation, using the same police, that covered the G7. That much was admitted months ago by the Austrian authorities. It’s the exact same government-run operation that found room in its half-billion--or-so-euro budget to set up an air-conditioned accreditation centre in Garmisch and hand out branded lanyards and glossy press passes to journalists who had been duly checked out. But for some reason they can’t quite manage to do the same thing here.


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The Interalpen-Hotel Tirol near Telfs, Austria, venue for the conference, seen through the pines. Photograph: Sean Gallup/Getty Images
Don’t worry, there’s enough money sloshing about to pay for the same military-grade security; the same military helicopters are circling the same skies around a slightly different alp. There’s a military radar station not 100 yards down from my hotel room. The beaming owner of a local schnitzel house told us how happy he was because all his 20 rooms had been filled with military personnel.

That’s right: Bilderberg has its own military radar station. It has its own no-fly zone. Nothing gets near it: there are police, right this minute, up on the surrounding mountaintops stopping hang gliders from getting airborne. Presumably to avoid them being shot down by the itchy security detail of the secretary-general of Nato.

The security operation is even using the same officers: policemen who two days ago had been making sure I had enough water on my protest walk and offering me a lift down the hill in their van are now searching my car and staring at me like I’m Jack the Ripper.

I completely understand the need to accredit us, but why isn’t that being done once, and done properly? They managed it in Garmisch, why not in Telfs? After all, we’ve got the head of Nato here, meeting for three days with the German defence minister (and her deputy), three european prime ministers, the president of Austria and the CEO of Europe’s second largest arms company. They’ll be thrashing out policy on terrorism and Russia. You think they shouldn’t expect journalists to be here covering this?

The Bilderberg summit gets state security, but there’s no quid pro quo. No state-run press centre. Media organisations, or at least the few that aren’t owned by the people inside the conference, need to start making a fuss. We need to be the ones doing the harassing for a change.

At one point, in my umpteenth roadside check, I turned round to see an officer taking my picture on his phone. I trotted over and gave him a card with my email address. “Do you mind sending me that photo? Just so I can remember this moment.” He mumbled something about not taking one, so I got my own camera out. “No photographs! You must not take pictures of police.” No, no, I assured him. Not my intention at all. I handed him the camera. “Could you take one of me?” A bit confused, he obliged – and promptly took one of me and his colleague.

I wonder if he’ll be charged under anti-terror legislation and thrown into jail for seven days for taking a photo of a policeman, because that’s what journalists here have been told. Back in Garmisch, the same cops being paid from the same budget were posing for photographers with heart shapes on their uniforms to show how loving and caring they are. Anti-terror legislation is a wonderfully flexible thing.

A friend of mine, a Swiss journalist who has been covering Bilderberg for longer than most, found himself surrounded by police in the supermarket car park as he finished his shopping. Another tired old “show me your papers” routine began. “You’ve checked me out a dozen times already,” he grumbled. “I’m going to be here all week, I don’t want to be checked every five minutes.” The lieutenant in charge of the checking shrugged: “We can check you as many times as we want. Open your car please.” My Swiss friend stood his ground: “Don’t you need probable cause?” The lieutenant shook his head and smiled: “No, we don’t.”

I remember at the Watford conference in 2013, we had a relationship with the Hertfordshire constabulary that was every bit as open and tolerant as Will Smith’s marriage. In fact, our presence wasn’t just tolerated, it was actively supported. They had a team of liaison officers. They even gave us portable toilets, for goodness sake. The same in Copenhagen last year: the cops allowed us right up to the edge of the hotel. They made a genuine (if not always successful) effort to communicate with us, and meet our needs.

Needs which are pretty simple: we just want to try and report on the conference as a news event. An event worthy of attention. It certainly gets enough attention from the police, military and intelligence services. All it needs now is a half a dozen toilet cubicles, a press hut and a laser printer. We can even recycle the G7 lanyards. We’re not fussy. We just want to be treated like journalists. It’s extremely simple, but really rather important.

And speaking of being simple but important, George Osborne will arrive at the Bilderberg summit tomorrow in his official capacity as chancellor of the exchequer. What Osborne perhaps doesn’t realise yet is that he’s about to land in the middle of an extremely serious Bilderberg-based news story.

One word, George.

HSBC.

http://www.theguardian.com/world/20...sts-pampered-bilderberg-we-harassed-by-police
 
Power with a capital 'P'.

Telfs-Buchen, Austria 11 - 14 June 2015
Final list of Participants
Chairman

Castries, Henri de Chairman and CEO, AXA Group FRA

Achleitner, Paul M. Chairman of the Supervisory Board, Deutsche Bank AG DEU
Agius, Marcus Non-Executive Chairman, PA Consulting Group GBR
Ahrenkiel, Thomas Director, Danish Intelligence Service (DDIS) DNK
Allen, John R. Special Presidential Envoy for the Global Coalition to Counter ISIL, US Department of State USA
Altman, Roger C. Executive Chairman, Evercore USA
Applebaum, Anne Director of Transitions Forum, Legatum Institute USA
Apunen, Matti Director, Finnish Business and Policy Forum EVA FIN
Baird, Zoë CEO and President, Markle Foundation USA
Balls, Edward M. Former Shadow Chancellor of the Exchequer GBR
Balsemão, Francisco Pinto Chairman, Impresa SGPS PRT
Barroso, José M. Durão Former President of the European Commission PRT
Baverez, Nicolas Partner, Gibson, Dunn & Crutcher LLP FRA
Benko, René Founder, SIGNA Holding GmbH AUT
Bernabè, Franco Chairman, FB Group SRL ITA
Beurden, Ben van CEO, Royal Dutch Shell plc NLD
Bigorgne, Laurent Director, Institut Montaigne FRA
Boone, Laurence Special Adviser on Financial and Economic Affairs to the President FRA
Botín, Ana P. Chairman, Banco Santander ESP
Brandtzæg, Svein Richard President and CEO, Norsk Hydro ASA NOR
Bronner, Oscar Publisher, Standard Verlagsgesellschaft AUT
Burns, William President, Carnegie Endowment for International Peace USA
Calvar, Patrick Director General, DGSI FRA
Castries, Henri de Chairman, Bilderberg Meetings; Chairman and CEO, AXA Group FRA
Cebrián, Juan Luis Executive Chairman, Grupo PRISA ESP
Clark, W. Edmund Retired Executive, TD Bank Group CAN
Coeuré, Benoît Member of the Executive Board, European Central Bank INT
Coyne, Andrew Editor, Editorials and Comment, National Post CAN
Damberg, Mikael L. Minister for Enterprise and Innovation SWE
De Gucht, Karel Former EU Trade Commissioner, State Minister BEL
Donilon, Thomas E. Former U.S. National Security Advisor; Partner and Vice Chair, O'Melveny & Myers LLP USA
Döpfner, Mathias CEO, Axel Springer SE DEU
Dowling, Ann President, Royal Academy of Engineering GBR
Dugan, Regina Vice President for Engineering, Advanced Technology and Projects, Google USA
Eilertsen, Trine Political Editor, Aftenposten NOR
Eldrup, Merete CEO, TV 2 Danmark A/S DNK
Elkann, John Chairman and CEO, EXOR; Chairman, Fiat Chrysler Automobiles ITA
Enders, Thomas CEO, Airbus Group DEU
Erdoes, Mary CEO, JP Morgan Asset Management USA
Fairhead, Rona Chairman, BBC Trust GBR
Federspiel, Ulrik Executive Vice President, Haldor Topsøe A/S DNK
Feldstein, Martin S. President Emeritus, NBER; Professor of Economics, Harvard University USA
Fischer, Heinz Federal President AUT
Flint, Douglas J. Group Chairman, HSBC Holdings plc GBR
Franz, Christoph Chairman of the Board, F. Hoffmann-La Roche Ltd CHE
Fresco, Louise O. President and Chairman Executive Board, Wageningen University and Research Centre NLD
Griffin, Kenneth Founder and CEO, Citadel Investment Group, LLC USA
Gruber, Lilli Executive Editor and Anchor “Otto e mezzo”, La7 TV ITA
Guriev, Sergei Professor of Economics, Sciences Po RUS
Gürkaynak, Gönenç Managing Partner, ELIG Law Firm TUR
Gusenbauer, Alfred Former Chancellor of the Republic of Austria AUT
Halberstadt, Victor Professor of Economics, Leiden University NLD
Hampel, Erich Chairman, UniCredit Bank Austria AG AUT
Hassabis, Demis Vice President of Engineering, Google DeepMind GBR
Hesoun, Wolfgang CEO, Siemens Austria AUT
Hildebrand, Philipp Vice Chairman, BlackRock Inc. CHE
Hoffman, Reid Co-Founder and Executive Chairman, LinkedIn USA
Ischinger, Wolfgang Chairman, Munich Security Conference INT
Jacobs, Kenneth M. Chairman and CEO, Lazard USA
Jäkel, Julia CEO, Gruner + Jahr DEU
Johnson, James A. Chairman, Johnson Capital Partners USA
Juppé, Alain Mayor of Bordeaux, Former Prime Minister FRA
Kaeser, Joe President and CEO, Siemens AG DEU
Karp, Alex CEO, Palantir Technologies USA
Kepel, Gilles University Professor, Sciences Po FRA
Kerr, John Deputy Chairman, Scottish Power GBR
Kesici, Ilhan MP, Turkish Parliament TUR
Kissinger, Henry A. Chairman, Kissinger Associates, Inc. USA
Kleinfeld, Klaus Chairman and CEO, Alcoa USA
Knot, Klaas H.W. President, De Nederlandsche Bank NLD
Koç, Mustafa V. Chairman, Koç Holding A.S. TUR
Kravis, Henry R. Co-Chairman and Co-CEO, Kohlberg Kravis Roberts & Co. USA
Kravis, Marie-Josée Senior Fellow and Vice Chair, Hudson Institute USA
Kudelski, André Chairman and CEO, Kudelski Group CHE
Lauk, Kurt President, Globe Capital Partners DEU
Lemne, Carola CEO, The Confederation of Swedish Enterprise SWE
Levey, Stuart Chief Legal Officer, HSBC Holdings plc USA
Leyen, Ursula von der Minister of Defence DEU
Leysen, Thomas Chairman of the Board of Directors, KBC Group BEL
Maher, Shiraz Senior Research Fellow, ICSR, King's College London GBR
Markus Lassen, Christina Head of Department, Ministry of Foreign Affairs, Security Policy and Stabilisation DNK
Mathews, Jessica T. Distinguished Fellow, Carnegie Endowment for International Peace USA
Mattis, James Distinguished Visiting Fellow, Hoover Institution, Stanford University USA
Maudet, Pierre Vice-President of the State Council, Department of Security, Police and the Economy of Geneva CHE
McKay, David I. President and CEO, Royal Bank of Canada CAN
Mert, Nuray Columnist, Professor of Political Science, Istanbul University TUR
Messina, Jim CEO, The Messina Group USA
Michel, Charles Prime Minister BEL
Micklethwait, John Editor-in-Chief, Bloomberg LP USA
Minton Beddoes, Zanny Editor-in-Chief, The Economist GBR
Monti, Mario Senator-for-life; President, Bocconi University ITA
Mörttinen, Leena Executive Director, The Finnish Family Firms Association FIN
Mundie, Craig J. Principal, Mundie & Associates USA
Munroe-Blum, Heather Chairperson, Canada Pension Plan Investment Board CAN
Netherlands, H.R.H. Princess Beatrix of the NLD
O'Leary, Michael CEO, Ryanair Plc IRL
Osborne, George First Secretary of State and Chancellor of the Exchequer GBR
Özel, Soli Columnist, Haberturk Newspaper; Senior Lecturer, Kadir Has University TUR
Papalexopoulos, Dimitri Group CEO, Titan Cement Co. GRC
Pégard, Catherine President, Public Establishment of the Palace, Museum and National Estate of Versailles FRA
Perle, Richard N. Resident Fellow, American Enterprise Institute USA
Petraeus, David H. Chairman, KKR Global Institute USA
Pikrammenos, Panagiotis Honorary President of The Hellenic Council of State GRC
Reisman, Heather M. Chair and CEO, Indigo Books & Music Inc. CAN
Rocca, Gianfelice Chairman, Techint Group ITA
Roiss, Gerhard CEO, OMV Austria AUT
Rubin, Robert E. Co Chair, Council on Foreign Relations; Former Secretary of the Treasury USA
Rutte, Mark Prime Minister NLD
Sadjadpour, Karim Senior Associate, Carnegie Endowment for International Peace USA
Sawers, John Chairman and Partner, Macro Advisory Partners GBR
Sayek Böke, Selin Vice President, Republican People’s Party TUR
Schmidt, Eric E. Executive Chairman, Google Inc. USA
Scholten, Rudolf CEO, Oesterreichische Kontrollbank AG AUT
Senard, Jean-Dominique CEO, Michelin Group FRA
Sevelda, Karl CEO, Raiffeisen Bank International AG AUT
Stoltenberg, Jens Secretary General, NATO INT
Stubb, Alexander Ministers of Finance FIN
Suder, Katrin Deputy Minister of Defense DEU
Sutherland, Peter D. UN Special Representative; Chairman, Goldman Sachs International IRL
Svanberg, Carl-Henric Chairman, BP plc; Chairman, AB Volvo SWE
Svarva, Olaug CEO, The Government Pension Fund Norway NOR
Thiel, Peter A. President, Thiel Capital USA
Tsoukalis, Loukas President, Hellenic Foundation for European and Foreign Policy GRC
Üzümcü, Ahmet Director-General, Organisation for the Prohibition of Chemical Weapons INT
Vitorino, António M. Partner, Cuetrecasas, Concalves Pereira, RL PRT
Wallenberg, Jacob Chairman, Investor AB SWE
Weber, Vin Partner, Mercury LLC USA
Wolf, Martin H. Chief Economics Commentator, The Financial Times GBR
Wolfensohn, James D. Chairman and CEO, Wolfensohn and Company USA
Zoellick, Robert B. Chairman, Board of International Advisors, The Goldman Sachs Group USA

http://www.bilderbergmeetings.org/participants2015.html

 
Bilderberg
Charlie Skelton's Bilderblog
Forget the G7 summit – Bilderberg is where the big guns go


Covering issues from Europe to terrorism and IT, the lesser known Bilderberg policy conference includes prime ministers, CEOs from banks, airlines, oil and the arms industry, and even George Osborne



Austrian police officers check cars near the town of Telfs, prior the 2015 Bilderberg conference. Photograph: Angelika Warmuth/EPA
Charlie Skelton

As one summit closes, another opens. Thursday sees the start of the influential Bilderberg policy conference, which this year is being held in Austria, just 16 miles south of the G7 summit, and in a similarly inaccessible luxury alpine resort. The participant list for the conference has just been released by the organisation, and some big names leap off the page.

No fewer than three serving European prime ministers will be attending, from the Netherlands, Finland and Belgium. They will be discussing “European strategy” with the head of Nato, Jens Stoltenberg, and the president of Austria, Heinz Fischer. Two European finance ministers are on the list: one Dutch, the other George Osborne. The UK chancellor is a regular attendee of the Bilderberg summit, and this year he will be showing off his post-election glow. Unlike that other Bilderberg regular, Ed Balls, who is being invited back despite having by some considerable distance the weakest job title on the list: “former shadow chancellor of the exchequer.

Europe’s hottest financial potato, Greece, is on the conference agenda, and it’s good to know Benoît Coeuré, a member of the executive board of the European Central Bank, will be there to discuss it in strictest privacy with interested parties, such as the heads of Deutsche Bank, Lazard, Banco Santander and HSBC.

The scandal-hit HSBC and everyone’s favourite vampire squid, Goldman Sachs, are both extremely well represented at this year’s conference. HSBC in particular by its chairman, its busy chief legal officer, and board member Rona Fairhead, who is also on the board of PepsiCo and chair of the BBC Trust. Good to know the BBC is in such safe hands.

Other financial luminaries on the list include the vice-chairman of BlackRock, the CEO of JP Morgan Asset Management and the president of the Royal Bank of Canada, which is the nation’s largest financial institution. Morgan Stanley will be represented in Telfs by board member Klaus Kleinfeld, who also runs the world’s third largest aluminium producer, Alcoa.

From the worlds of industry and manufacturing are some eye-wateringly big names. The CEO of Michelin is invited, along with the head of Roche, the CEO of Royal Dutch Shell, the chairman of BP, the CEO of Siemens Austria and the heads of various industrial conglomerates such as Techint and Investor AB, companies so large they’re hard to classify. Although “gigantic” goes some way towards it.

It’s a heady step up into the big league for Michael O’Leary, the CEO of Ryanair. He’ll doubtless be hoping to thrash out a few last-minute deals over dinner with the head of Airbus, Thomas Enders.

Apart from making holiday jets, Airbus is also one of the world’s biggest arms manufacturers, and the 2015 conference agenda has a distinct whiff of war. Chemical weapons threats and Nato are both set to be discussed. Luckily the head of Nato is there to discuss it.

As ever, foreign policy formation is a big part of the conference. Terrorism and Iran both make the agenda this year, and participants can expect a high-level briefing from senior US State Department official John R Allen, the special presidential envoy for the Global Coalition to Counter Isil. And it’s likely that the subject of Russia will be of interest to the German defence minister and deputy defence minister, both of whom have found the time this week to be in Telfs. As has the head of the Danish intelligence service, who will likely have a part to play in the session of cybersecurity.

Finally, it’s worth noting the growing presence of Google at Bilderberg. The company’s executive chairman, Eric Schmidt, is on the group’s steering committee; he’ll be joined in Austria by his vice-president for engineering, advanced technology and projects, and the vice-president of engineering for the not-at-all terrifying sounding Google DeepMind. They, presumably, will be leading the session on artificial intelligence. This will be listened to with great interest by Peter Thiel, the founder of PayPal and director of Facebook, as he continues his quest to merge with computers. But that’s another story.

For now, the story is: Bilderberg 2015 has an extremely high-powered participant list, featuring a large number of senior politicians and public figures. With participants this powerful, and an agenda containing this many hot topics, the Telfs policy conference is sure to be covered in depth by the world’s press. And by “sure to be”, I mean probably won’t be. For reasons that, as ever, escape me.


http://www.theguardian.com/world/2015/jun/08/bilderberg-summit-forget-the-g7
 
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