Formally Greece has successfully completed its rescue program

Against the backdrop of the extremely bad news about the Turkish economy, the positive for the Greek stand out. 8 years after the signing of the first bailout plan in May 2010, Greece officially successfully moved out of third. For this period, the IMF, the ECB and the European Union poured into the indebted country nearly 300 billion euros. A part of the investors registered losses in the debt adjustment. The Greeks realized that the flow of European money would decrease over time.

20.08.2018 The European Stability Mechanism (ESM) - the eurozone rescue fund, officially reshuffle that Greece has successfully gone out of its last program. "Today we can safely conclude the EMS program without additional rescue programs, because for the first time since the beginning of 2010 Greece can stand on its feet," said the chairman of the rescue fund management, Mariou Santenu.

Several graphs drawn by Nadya Garbi, economist at Perspectives Pictet, show mixed signals. On the one hand, Greece reports a primary surplus. At the same time there is a significant increase in debt, despite the adjustment.

Will Allah help the Turkish economy

The last severe collapse of the Turkish lira is the heaviest in 20 years. Erdogan's appeals to his people in the past to exchange foreign currencies in Turkish pounds now give extra weight to the damage. Turkey's crisis today is the same as the 2001 process, which actually allowed Erdogan to take power. But the scale is even bigger.

Turkey is a country where social differences reach huge extremes. When inflation intensifies when the pound shakes and stores each day put new price tags, then especially those who have so far had little to begin with. Today the poor Turks are even poorer, and Allah will not pay their bills. Such crises also do not spare the rich, because most of them have long funded their everyday life or business with the help of lucrative euro-dollar loans or dollars, which now, because of the decline in the Turkish lira, suddenly became unbearably expensive, we read in the comment.

Turkey has a very rich experience of crises. The current crisis leads to the division of society, which can have unpredictable consequences. The new drop of the Turkish lira on 10 August is the most powerful fall in that currency since 20 years. Erdogan has shaped his political system according to his preferences, which has led him to the current economic and social crisis. 

The Islamist focus of Erdogan's policy does not help the increasingly troubled Turks. The country's administration has long been in the hands of Erdogan, but this does not prevent disputes between members of the ruling relatives caste. While Erdogan is urging interest rates to reduce artificially his brother-in-law Berat Albaicar, as a finance minister, he constantly insists on the independence of the Turkish issuing bank, which alone has the right to manage the interest. 

Erdogan's promises that the Turks would prosper under his rule proved to be a complete lie. The inflation rate of 79%, which accompanies the 2001 crisis, is in the memories of the Turks and is increasingly apparent on the horizon. The previous crisis was also triggered by political factors, whereas in the present they are literally predominant.

Unfortunately, Ergdogan's acute Muslim policy has brought him great problems with the United States, as well as some quarrels with the EU. This makes it more difficult to predict the development of the crisis. The war in Syria has brought further damage to Turkey's relations with its partners and NATO. Erdogan's exploitation has outlined the possibility for Russia to realize its Bosphorus-related interests, which it can not accomplish while Turkey is in good relations with NATO and the West.

It is definitely a spectacular end of the next Turkish economic saga.

New US sanctions against Russia despise Putin

Following the announcement of the latest decisions on US sanctions against Russia, Putin is on the border to be broken. The lack of adequate peacekeeping left the Russian government without any opportunities. The unwise behavior of Russian rulers on the world stage brings more and more damage to the already weak economy of Russia. While Russian oligarchs can afford losses because of the actions of their representatives in power, the people of Russia are becoming more and more impoverished, and are increasingly struggling with the successes of their rulers' stupid decisions.

The US authorities have announced that they are introducing new sanctions against Russia for the attack on the Russian gas double agent Sergei Scripal in the United Kingdom. The action has put additional pressure on the ruble, pushing it to its lowest value since November 2016. The Russian currency and the price of government bonds began falling early on Wednesday as investors worried about a separate draft bill proposed by US lawmakers calling for sanctions to intervene in elections, Bloomberg reported.

"It is clear that significant sanctioning actions have overwhelmed Russia either on the part of the administration, the Congress, or both together," said Tim Ash, a strategist at Bluebay Asset Management LLC in London. The sanctions envisaged concern the export of certain technological products, such as electronic devices and equipment of a delicate nature that are relevant to national security. There will be an exception for space flight operations, space cooperation and areas such as passenger flight safety, which will be judged separately, said anonymity wise. It is possible that the trade-affected trade will reach hundreds of millions of dollars. From Russia depends how drastic the consequences will be, he stressed.

After the entry into force of these sanctions, Russia will have 90 days to give credible assurance that it will no longer use chemical weapons and allow inspections by the UN and other international monitoring organizations. If not, a second series will be imposed on "Strong sanctions," said Russian airline officials, "not to be admitted to US airports, and even to the end of diplomatic relations between the two countries," the high representative said.

The Kremlin has been notified of this Washington decision yesterday, BTA notes. The British authorities welcomed the news of the sanctions. "The robust international response to the use of chemical weapons on the streets of Salisbury sends an unambiguous message to Russia that its provocative and reckless behavior will remain unanswered," a London spokesman told Reuters.

In addition, Prime Minister Dmitry Medvedev is shocked and disillusioned.

"The further strengthening of economic sanctions against Russia can be defined as the announcement of an economic war." This is what he said, quoted by BGNES.

According to him, this war should be given an economic, political or other kind of response.

Russian trolls on the Internet

In his quest to preserve the Russian oligarchy he uses all methods of influence. Western economic sanctions ruin the already impenetrable Russian economy. The myth of a world empire, uniting a part of the Russians, collapses every day. Russia will no longer want to be a military giant while it is still an economic dwarf. Indeed, the economy of Russia is based only on exports of gas and oil. The Syria campaign, which is aimed at fueling Europe's fuel roads, has actually pushed Russia into an extremely exhausting war, the outcome of which is of no benefit. The emerging new pipelines for gas from Azerbaijan show a new drop in the prices of the fuel, which will further aggravate the already profound Russian economy. The steady decline in the prices of these raw materials undermines the weak structure of Russia's economy. In its quest to counteract the West and maintain the myths about Russia, the Russian oligarchy that controls it uses rather destructive methods. One of these is organized campaigns to produce and distribute fake news on the Internet.

Salaries of 80 to 120 thousand rubles (1400 - 2100 dollars) were taken in the so-called the Russian Research Trolley Factory, which worked most hard during the US presidential election. The cost per year of payroll trolls with US specialization has reached $ 1 million a year. It worked in relatively normal hours - five days a week, and there were also night duty hours. This is what the Russian edition of RBK claims, citing its own investigation. The Troll Factory is located on St. Sawashkina Street in St. Petersburg, RBK says. He describes details of the work there, claiming that he has screenshots of posts from the administrative panels through which the trolls worked.

In the summer of 2016, that is, in the peak of the battle between Donald Trump and Hillary Clinton, the US Department of Trolls had between 100 and 130 people. The factory itself has a total of 250 employees. Now the US Department is made up of about 50 people. The leader is 27-year-old Jaichun Aslanov, who officially denies having anything to do with it. RBK information also shows another - with at least 118 Facebook and Twitter accounts (already blocked), the St. Petersburg Trolley Factory has managed to attract about 6 million followers to the two social networks, and at the peak of the US President's campaign, posts have reached up to 30 million people per week. A week in social networks is published at least 1000 posts by trolls, including text, photo and video posts. For two years, the "Troll Farbica" has spent $ 200,000 on advertising on certain posts and posts. With the posts, the Russians have managed to challenge at least 40 real processions and rallies - with certain demands. The 10th events are made on behalf of the popular US movement, "The Life of Blacks Means". The number one issue of trolls was racism, and other popular themes were the freedom to wear weapons, illegal migration, and even the separation of Texas from the United States. A very popular post was the one with the animated character Yosemite Sam and the following text: "I have forbidden to show on TV because I'm very cruel, like and share this post if you've seen me as a child and have a gun with who did not kill anyone! "

We recall that Facebook officially sent data on political advertising and postings from profiles maintained by Russia to the US Senate Commission, which is dealing with a possible Russian intervention in the US presidential election.

Enhanced attempts to distribute fake news from Russia are expected. Western sanctions, as well as the inability of the Russian business to give their negative results. Putin's campaign in Crimea and Donbass swallows more and more funds. and the end result is more and more questionable. In order to keep its influence in Chechnya, Russia needs more money, but it decreases with every day. Russia's Syrian struggle also does nothing good.