Home' Trinidad and Tobago Guardian : July 23rd 2015 Contents A22
Guardian www.guardian.co.tt Thursday, July 23, 2015
An Introduction to the Work
In The Light of Truth : The Grail Message
brought to you by Alexander Bernhardt Publishing - USA
This work conveys to the reader an insight into the working of the Laws
of Nature and of Creation. In a comprehensive manner the author
describes the working of the different Laws which are interwoven right
up to the finest ramifications. As an example, the effect of a grain of corn
bringing forth a multiple harvest of corn follows a pattern according to
the laws. However, this principle of nature is not restricted to the world
of plants alone, but the lawful effects also return to the human being as a
consequence of the thoughts and deeds generated by him. Man harvests
many times over from the seed which arises from his volition, and such a
harvest can then bring him joy or sorrow.
Located at: 11 - 13 Frederick Street, Port-of-Spain
Phone: (868) 623-3462/Email: Grailacres@gmail.com
More information & book purchases online at:
2015 Alexander Bernhardt Publishing - USA
ATHENS, Greece---Greece s liquidity-
starved banks got a new cash injection
from the European Central Bank on
Wednesday, hours before a key vote in
parliament on further economic
reforms demanded by international
creditors in return for a third bailout.
A European banking official told The
Associated Press the ECB decided to
increase emergency liquidity to Greek
banks by 900 million euros (US$980
million)---the second such cash injection
in just under a week.
Fearing a run by depositors flocking
to take their savings out of Greek banks,
the government imposed capital controls
more than three weeks ago, restricting
daily withdrawals to 60 euros (US$65)
per account holder. Extra ECB liquidity
means that Greek banks will still be able
to hand out cash.
Prime Minister Alexis Tsipras radical
left-led government faced its second
crunch test in parliament in a week later
Wednesday. Failure to pass the economic
measures could undermine his coalition
and trigger fresh fears over the country s
future in the shared euro currency.
Hours before the vote, about 9,000
people gathered for two demonstrations
outside parliament, organised by the
Communist Party and a civil servant
union. Demonstrators carried banners
and shouted slogans, but there was no
sign of the violence that marred a similar
protest last week.
The vote on changes to Greece s judi-
cial and banking sectors is one of the
requirements that Greece s European
creditors have insisted upon in order for
negotiations on a third bailout for Greece
worth around 85 billion euros (US$93
billion) to begin.
After losing the support of a large
chunk of his own party s lawmakers
during a vote last week on a creditor-
demanded austerity measures, Tsipras
has to rely on support from pro-Euro-
pean opposition parties to pass meas-
Many in Tsipras Syriza party, includ-
ing former finance minister Yanis Varo-
ufakis, voted against last week s austerity
measures, which included big increases
to sales taxes that took effect on Monday.
If more than a handful of others join
the dissent in Wednesday s vote, then
Tsipras government could be in trou-
ble.At least five Syriza lawmakers said
Wednesday they would vote against the
draft law---including the firebrand par-
liament speaker, Zoe Konstantopoulou.
In a letter to Greece s president and
Tsipras, Konstantopoulou asserted the
measures were a "violent attack on
democracy," arguing that lawmakers
were being given very little time to study
the nearly 1,000-page bill.
Negotiations with creditors are
expected to start soon after the vote.
The Greek government hopes the new
bailout talks can conclude before August
20, when Greece must repay a debt
worth more than 3 billion euros (US$3.3
billion) to the ECB.
Syriza s traditional trade union base
is angry at what it sees as Tsipras
betrayal of his electoral mandate.
Tsipras has accused party critics of
"I ve seen a lot of reactions and heroic
statements, but so far I haven t heard
any alternative proposal," Tsipras told
party lawmakers on Tuesday, according
to a senior government official. The
official asked not to be named, citing
the sensitivity of the parliamentary vote.
Tsipras also said those supporting the
country s exit from the eurozone or
handing so-called IOUs to retirees
"should come out and say it, instead of
hiding behind the safety of my signa-
The reforms being considered
Wednesday are aimed at reducing the
country s court backlog and speeding
up revenue-related cases. Lawmakers
have also been called to approve reforms
related to banking union mechanisms,
aimed at reducing the risk for European
governments from bank crises.
Finance Minister Euclid Tsakalotos
said planned pension spending cuts
required "further study" before being
submitted to parliament.
In Brussels, Pierre Moscovici, the
European Union s top economy official,
said he s hoping the bailout deal can be
signed by mid-August, while accepting
that Greece has to meet a "punishing"
schedule. Moscovici said he welcomed
the vote even though it did not include
all details hoped for on reducing early
retirement and farmers taxation.
Greece has relied on bailout loans
totaling 240 billion euros since 2010
after it was locked out of international
money markets. In return for the cash,
successive governments have had to
enact harsh austerity measures to try
to get public finances into shape. Though
the annual deficit has been reduced dra-
matically, the country s debt burden has
risen as the Greek economy has shrunk
by around a quarter.
The European Union s statistics
agency announced Wednesday that
Greece was making some progress on
the debt front at the start of 2015,
progress that s going to have been badly
impacted by recent events.
Following repayments to European
creditors and the International Monetary
Fund, Eurostat said Greece s debt fell
to 301 billion euros at the end of the
first quarter from 317 billion at the end
of 2014. That took the country s debt
burden down to 168.8 per cent from
177.1 per cent. (AP)
boost ahead of
key reform vote
Members of the Communist-affiliated PAME labour union shout slogans during an anti-austerity rally in
Athens yesterday. Barely a week after their last crunch vote, Greek lawmakers were set to vote later
Wednesday on further economic reforms demanded by international creditors in return for a new financial
bailout. AP PHOTO
Links Archive July 22nd 2015 July 24th 2015 Navigation Previous Page Next Page