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July 1, 2015 | Greece Surrenders its Sovereignty to Brussels

Martin Armstrong

Martin Arthur Armstrong is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.


The Syriza government is backing down after the realization that Brussels will declare economic war on Greece by deliberately trying to plunge the country into total ruin, far worse than the sanctions imposed on Russia. This is a sad day for the entire world. It is a terrible example that the Troika is the new equivalent of a Roman Triumvirate – the death of democracy. Europeans will remember this day for it is when national sovereignty died.

We have a copy of a letter sent from Greece to the EU accepting all terms. This is a surrender of sovereignty and no doubt the truth of this turnaround will be hidden from the public at large worldwide – not just the Greek people. All our fears of moving into Economic Totalitarianism are coming true. Democratic principles are dead: long live Totalitarianism. No doubt, this was the toast in Brussels last night (behind the curtain, of course).

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July 1st, 2015

Posted In: Armstrong Economics


  • Avatar Bill Hutchison says:

    I truly hope that the “copy of the letter …accepting all terms” is a hoax.
    We shall see very soon.

  • Avatar john mc dermott says:

    Martin! Are you saying the government wants the people to vote “YES”? I don’t understand how the government sent a letter accepting all terms and want them to vote no unless it is some kind of ploy.

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