Jul 282018
 
 July 28, 2018  Posted by at 9:07 am Finance Tagged with: , , , , , , , , , , , ,  


Henri Matisse Window at Tangiers 1912

 

The Big Adjustments in “Real” GDP (WS)
China-US Trade War Would Wipe 20% Off The S&P 500 – UBS (CNBC)
Trump Tariffs: Turning Point In History, End Of Globalisation – Duncan (SCMP)
Julian Assange’s Fate Rests On Death Penalty Assurances -Moreno (CNN)
‘Assange’s Days In Ecuadorian Embassy In London Are Numbered’ – Correa (RT)
Twitter Share Price Drops 17% As Q2 Results Released (Ind.)
Facebook Is Sued After Stock Plunge ‘Shocked’ Market (R.)
Millions Could Be Affected By ‘No-Deal’ Brexit Medicines Shortages (PJ)
Yulia Skripal to Return to Russia When Her Father Gets Better (Sp.)
United Airlines Donates Flights To Reunite Immigrant Families (SFBT)
Greek Overtaxation Hurts Private Consumption (K.)
HRW Slams ‘Appalling’ Conditions Of Migrant Camps In Northern Greece (K.)

 

 

The last hurrah.

The Big Adjustments in “Real” GDP (WS)

What the Bureau of Economic Analysis released today as part of its GDP report was a huge pile of revisions and adjustments going back years. It included an adjustment to the tune of nearly $1 trillion in “real” GDP. And it lowered further its already low measure of inflation. Based on this revised data, second-quarter “real” GDP (adjusted for inflation) increased at a seasonally adjusted annual rate of 4.1% from the prior quarter. Annual rate means that if GDP continues to increase for four quarters in a row at the current rate, the 12-month GDP growth would be 4.1%. This was the highest growth rate since Q3 2014:

The above measure of “real” GDP – the change from prior quarter, but at an annualized rate – is the most volatile measure, producing the biggest-looking results, both up and down, as you can see in the above chart with a plunge of -8.4% in Q4 2008. Few or no other major countries use this measure for that reason. A less volatile measure and producing less big-looking results is the 12-month change in “real” GDP, which the BEA’s data set also provides. This is the inflation adjusted, seasonally adjusted annual rate of GDP growth – in other words, how GDP did over the past 12 months. For the 12 months ending in Q2, it rose 2.8%.

Read more …

And then more would follow.

China-US Trade War Would Wipe 20% Off The S&P 500 – UBS (CNBC)

Investors could see steep drops in global stock markets if tensions between China and the United States escalate into a full-blown trade war, analysts at UBS said in a note Friday. Assuming virtually all trade between U.S.-China is affected by tariffs and other protectionist policies, the Swiss bank calculated that profits for S&P firms would take a 14.6% hit, with U.S. and global growth being 245 and 108.5 basis points lower, respectively. However, the bank noted there would also be second-order effects. These “would be larger, with U.S. multinationals doing business in China also likely to be hurt by China retaliation.” Thus, in terms of company valuations, these would take an additional 9.1% hit, bringing a total downside of 21.3% for the U.S. benchmark after some further adjustments by UBS analysts.

So far this year, President Donald Trump has imposed new tariffs on Chinese solar panels, washing machines, steel and aluminum, as well as on other imported goods for intellectual property theft. China has retaliated every time. However, there are more potential tariffs on the way, with Trump threatening to impose new levies worth as much as $200 billion. David Riley, the chief investment strategist at BlueBay Asset Management, told CNBC’s “Street Signs” Friday: “If I was sitting in Beijing, I would be pretty worried.” “I think we are going to get potentially more tariffs imposed on China coming at the end of the month, or early September,” he said.

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“They may be intent on stopping China’s economic growth altogether..”

Trump Tariffs: Turning Point In History, End Of Globalisation – Duncan (SCMP)

The deepening trade dispute between the United States and China could mark a “turning point in history”, ending the system of global trade that brought low-cost goods to consumers and fuelled the rise of the Chinese mainland and other emerging markets in just a few decades, according to noted economist and author Richard Duncan. Bangkok-based Duncan believes the US$50 billion of Chinese products designated for 25% tariffs by the Trump administration – in addition to a proposed 10% tariff on an additional US$200 billion in Chinese goods – may represent the first steps in a policy shift by Washington that goes far beyond what many observers expect.

“I am becoming concerned that they really do intend to put up trade tariffs on a very large scale against China and that perhaps there’s more to this strategy than just balancing trade. They may be intent on stopping China’s economic growth altogether, now that China has become so large they are becoming not only an economic competitor, but potentially a military threat to US global dominance. If that’s the case, this could be a turning point in history,” Duncan said in a new South China Morning Post business podcast. While it is too early to say how the trade talks between the two sides will play out, one concern is that escalating tariffs, beginning with the US$34 billion of Chinese products which went into effect on July 6, are about to become the norm, rather than the exception.

[..] “Over the last 30 years the rapid economic rise of China has really transformed the world, but if the US starts putting tariffs on US$200 billion and US$500 billion of Chinese exports, then China’s economy could go into a very serious crisis,” Duncan said. [..] “I don’t view this as a conflict between the US and China. It is not that simple, it’s not team USA versus team China. There are interests in the United States that have benefited enormously from this arrangement that now exists, in particular, the large US multinationals. They have been able to drive down their labour costs by moving their factories from Detroit and other US cities into China. Their wage costs have collapsed as a result of this move. The share of profits that are split between labour and capital have shifted.”

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Beware international law, Lenin.

Julian Assange’s Fate Rests On Death Penalty Assurances -Moreno (CNN)

British and Ecuadorian authorities have held discussions over the future of Julian Assange, the Ecuadorian president said on Friday, fueling speculation that the WikiLeaks founder may soon be stripped of the country’s diplomatic protection in London. Speaking in Madrid, President Lenín Moreno suggested Ecuador was seeking guarantees that whatever Assange’s eventual fate, he would not face the death penalty. Assange took refuge in the Ecuadorian Embassy in London in 2012 when he was facing allegations of sexual assault in Sweden. The case was eventually dropped but Assange has always feared being extradited to the US, and in the past his lawyers have claimed he could face execution there.

Moreno said the previous Ecuadorian government granted Assange asylum because it agreed his life was in danger. “The death penalty does not exist in Ecuador, and we knew that possibility existed… The only thing we want is a guarantee that his life will not be in danger,” Moreno said. In a statement Friday, Moreno’s communication’s office stressed the President “hasn’t ordered, at any moment, the removal of Julian Assange from the Ecuadorian embassy in London.” Ecuador’s government has no desire that Assange remain “in asylum his whole life” and urged “a solution to a problem we inherited,” the statement said. [..] Moreno made it clear that he did not support Assange’s work. “I have never agreed with what Mr. Assange does. I have never supported the interception of private emails to be able to obtain information, regardless of how valuable it may be, to bring to light certain undesirable actions carried out by governments on people.”

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No, really, Correa and Moreno were close friends. I’m convinced the Americans got to Moreno before he became president.

‘Assange’s Days In Ecuadorian Embassy In London Are Numbered’ – Correa (RT)

The days of Julian Assange’s residence in the Ecuadorian embassy in London are numbered, the country’s former president Rafael Correa, who was still at the helm when he offered the WikiLeaks founder asylum, has told RT. Correa’s remarks came amid speculation that his successor, Lenin Moreno, may soon kick Assange out, probably to be arrested by British authorities. According to Assange himself, this would lead to the unsealing of a secret US indictment against him and his extradition to America. Moreno this week said that, sooner or later, the self-exiled anti-secrecy activist will have to leave the Ecuadorean diplomatic mission.

You can be sure that he [Moreno] is a hypocrite. He already has an agreement with the US about what will happen to Assange. And now he’s just trying to sweeten the pill by saying he’s going to have a dialogue” about conditions of the transfer, Correa told RT. “I’m afraid … that Assange’s days in our embassy are numbered.” Ecuador’s President Lenin Moreno, has made no secret that Assange’s refuge was a nuisance for his government, which he inherited from Correa. The Australian has been living at the compound since 2012 and has lately been barred by his Ecuadorean hosts from any communications.

Accusing the incumbent Ecuadorian president of “reducing [Assange] to a hacker who snooped in private emails,” Correa pointed out that Moreno cannot grasp the complexity of Assange’s role in exposing human rights abuses by the US government, or the harsh punishment the 47-year-old will face if extradited to the US. Correa, who now hosts a show on RT’s Spanish service, noted that unless Assange secures safe passage guarantees, he is likely to be prosecuted for espionage and treason “which may carry the death penalty.” While Moreno said on Friday that he is trying to negotiate Assange’s security guarantees, Correa believes that the activist’s fate has already been sealed.

Read more …

Twitter’s shadow banning scandal lurks in the background.

Twitter Share Price Drops 17% As Q2 Results Released (Ind.)

Twitter Inc shares have plunged 17% after the social media platform revealed its monthly users dropped by 1 million in the second quarter – and predicted the number will decline further. The decline in monthly users comes as Twitter contends with increasing fake spam accounts and dangerous rhetoric on the platform. Monthly active users are at 335 million in the current quarter, according to a statement released by Twitter on Friday, down from 336 million in the first quarter. Despite the decline, the number of users is up 2.8% from the past year, but Twitter expects the numbers to continue falling as the crusade against spam accounts continues.

“Our second quarter results reflect the work we’re doing to ensure more people get value from Twitter every day,” said Twitter CEO Jack Dorsey in a statement. “We want people to feel safe freely expressing themselves and have launched new tools to address problem behaviours that distort and distract from the public conversation.” According to Dorsey, the company’s machine-learning algorithms are identifying more than 9 million potential spam or fake accounts a week.

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Any fine would be paid by…the same shareholders who sue.

Facebook Is Sued After Stock Plunge ‘Shocked’ Market (R.)

Facebook Inc and its chief executive Mark Zuckerberg were sued on Friday in what could be the first of many lawsuits over a disappointing earnings announcement by the social media company that wiped out about $120 billion of shareholder wealth. The complaint filed by shareholder James Kacouris in Manhattan federal court accused Facebook, Zuckerberg and Chief Financial Officer David Wehner of making misleading statements about or failing to disclose slowing revenue growth, falling operating margins, and declines in active users. Kacouris said the marketplace was “shocked” when “the truth” began to emerge on Wednesday from the Menlo Park, California-based company.

He said the 19% plunge in Facebook shares the next day stemmed from federal securities law violations by the defendants. The lawsuit seeks class-action status and unspecified damages. Shareholders often sue companies in the United States after unexpected stock price declines, especially if the loss of wealth is large. Facebook has faced dozens of lawsuits over its handling of user data in a scandal also concerning the U.K. firm Cambridge Analytica. Many have been consolidated in the federal court in San Francisco.

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“..we make no insulin in the UK. We import every drop of it.”

Millions Could Be Affected By ‘No-Deal’ Brexit Medicines Shortages (PJ)

Many patients — including the prime minister herself — could be “seriously disadvantaged” by disruption to the drug supply chain if the UK exits the EU without a deal, the head of the UK’s medicines regulator has said. In comments made in a “personal capacity” to The Pharmaceutical Journal, Sir Michael Rawlins, chair of the Medicines and Healthcare products Regulatory Agency (MHRA), said that the supply of medicines such as insulin could be disrupted because the UK does not manufacture it and transporting it is complicated as its storage has to be temperature-controlled. Prime minister Theresa May has type 1 diabetes and is known to use insulin to control it.

Rawlins said that the government needed to “work out how” the supply of some medicines are going to be guaranteed in the event of a ‘no-deal’ Brexit. He said: “There are problems and the Department for Exiting the EU and the Department of Health and Social Care (DHSC) needs to work out how it’s going to work. “Here’s just one example why: we make no insulin in the UK. We import every drop of it. You can’t transport insulin around ordinarily because it must be temperature-controlled. And there are 3.5 million people [with diabetes, some of whom] rely on insulin*, not least the prime minister.”

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What happened to the gag order? Oh, wait, this is Sputnik.

Yulia Skripal to Return to Russia When Her Father Gets Better (Sp.)

Yulia Skripal, who was allegedly poisoned alongside her father Sergei Skripal in the UK city of Salisbury in March, will return to Russia when the latter gets better, Yulia’s cousin Viktoria Skripal told Sputnik on Thursday. “[Yulia] said she was doing well and already had a connection to the Internet… She will return home when her father gets better,” Viktoria said. The phone conversation took place on Tuesday, when Sergei Skripal’s mother was celebrating her 90th birthday.

“She was very happy to hear that Sergei was okay,” Viktoria stressed, adding that, according to Yulia, Sergei Skripal still had a respiratory tube in his trachea. On March 4, the Skripals were found unconscious on a bench at a shopping center in Salisbury. The United Kingdom and its allies have accused Moscow of having orchestrated the attack with what UK government claims was the A234 nerve agent, albeit without presenting any proof. Russian authorities have refuted the allegations as groundless.

Read more …

United’s CEO is Hispanic.

United Airlines Donates Flights To Reunite Immigrant Families (SFBT)

Several of the nation’s airlines made headlines in June when they told Washington that they would not fly immigrant children separated from their families at the border. Now United is going one step further by donating flights to reunite children that have been separated from their immigrant families. United’s move is garnering favorable attention on social media. “We have great news to share! A growing community of support is coming together to reunite families who were separated at the border. We are so thankful and happy to announce that United Airlines is jumping in and helping,” FWD.us posted on Facebook. “Thanks to this partnership with United, we are able to provide travel to the recently reunited immigrant families to get to their next destination with dignity.”

Another supporter of United’s generosity tweeted, “Thank you @united. You’re good people.” Earlier this week, the Refugee and Immigrant Center for Education and Legal Services, the Texas nonprofit also known as RAICES, said that it planned to donate $3 million as part of a #FlightsForFamilies initiative, The Hill newspaper reported. RAICES is working with FWD.us and Families Belong Together on the effort to reunite immigrant families. RAICES made news last week by declining a $250,000 donation from San Francisco-based Salesforce.com because of the tech company’s contract with U.S. Customs and Border Protection. Chicago-based United Airlines, which operates a major hub in San Francisco, could risk some backlash from wading into the contentious immigration debate, but the carrier may expect most Americans will embrace the idea of reuniting families.

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The troika works like a boa constrictor.

Greek Overtaxation Hurts Private Consumption (K.)

Conditions of weak growth and high unemployment look set to continue in the Greek economy, as despite the increase in exports and investments, private consumption remains stagnant due to overtaxation, according to Alpha Bank’s weekly economic bulletin. “The drop in private consumption in the first quarter of 2018 coincides with households’ limited consumption capacity due to the excessive taxation imposed both through direct and indirect taxes. According to Bank of Greece estimates, private consumption is expected to show a small 0.8% increase in 2018, which will be supported by the increase in employment and the negative mean trend toward savings,” the bulletin read.

The bank’s analysts point out that, with the exception of the significant annual rise of 33% in car sales, all other indexes point to weak growth in private consumer spending: The retail sales volume index grew by just 0.6% on an annual basis in the January-April period, against an increase of 1.1% in the whole of 2017. Also takings from value-added tax slipped 0.3%, illustrating the weak demand in the market, Alpha noted.

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If the EU wanted to stop this, they could. Within days.

HRW Slams ‘Appalling’ Conditions Of Migrant Camps In Northern Greece (K.)

Human Rights Watch (HRW) has issued a scathing report on the “appalling” conditions that migrants and refugees face in northern Greece. HRW said that thousands have been subject to appalling reception and detention conditions, with at-risk groups lacking necessary protection. It added that Greece has failed to ensure minimum standards for pregnant women, new mothers and others arriving via the northeast land border with Turkey, many of whom are fleeing violence or repression in countries including Syria, Afghanistan and Iraq.

The group said that during visits by its members to three government-run centers last May they found that living conditions did not meet international standards in terms of adequate access to healthcare – including for mental health and support for at-risk people including women traveling alone, pregnant women, new mothers, and survivors of sexual violence. Several of the 49 residents at the three facilities that HRW interviewed also reported verbal abuse by police. Two said they witnessed police physically abusing others. Hillary Margolis, a women’s rights researcher at HRW, said, “People told us they were being treated so poorly in these facilities that they felt less than human.” “Greece has a responsibility to uphold basic standards of care for everyone in its custody, regardless of their immigration status,” she added.

Read more …

Jul 222015
 
 July 22, 2015  Posted by at 8:49 pm Finance Tagged with: , , , , , ,  


Ilargi The Other Human crew, Monastoraki Square, Athens July 2015

I owe you all a major update on the AE for Athens Fund, and perhaps an apology for this taking so long. It’s been over a week since I made the latest donation, and I even left Greece 6 days ago already. As I noted before, I will have to go back, and take Nicole with me, and I’m planning to do that soon, in August. It’s just that because of my mother’s condition, here in Holland, it’s sort of in limbo when exactly that’s going to happen.

I have gotten a much better overview of where to donate your money during my three week stay, so hopefully we can move a bit faster next time around. I guess it’s always a toss up between doing these things fast and doing them properly. I would always pick the latter, giving away your money is a large responsibility. It simply takes time.

I have donated €3000 so far, €1000 each to two Solidarity clinics, and $1000 to Constantinos (Kostas) Polychronopoulos, who I wrote about in AE for Athens Fund 2nd Donation: The Man Who Cooks In The Street. I went back to see Kostas and gave him another €500. Can’t think of anyone less selfish and more deserving of support.

Here’s Kostas’ crew in Monastiraki square with the food to be handed out. He didn’t arrive till later, he had a meeting at the Health Ministry. Probably a good thing, they recognize what he does. Still, as I said before, he wants no government or NGO involvement.

Most of these people are homeless, the others are supporters in one way or another. They’re all remarkably nice and gentle. They’re an amazing crew that Kostas gathered around him, and gave a sense of belonging.

That same day, I donated €1000 to a second clinic, much more on that below. A third clinic didn’t happen because of a general strike and riots. But they’re the first when I return. We now also have a more or less comprehensive list of solidarity clinics, that’ll make things easier. Just need to find the most needy ones; some are already well funded.

At the second clinic, in Peristeri, Dimitri and I were told, by everyone in one voice, when we asked where the greatest needs were: insulin. For some reason the clinic has a hard time even importing it, and there are many diabetics. We’re trying to find out why what the issue is, and if perhaps we can bring some from Holland, either in our bags or by FedEx. Finding those things out, too, takes time.

But still … all in all, I managed to donate “only” €3000 so far. I would have signed up for that in a heartbeat a month ago, but not anymore. Because the total for the AE for Athens Fund today stands at an bewildering $11,681.95(!!!). That’s American dollars. I converted what came in in euros and Canadian dollars on the day itself, so with the rising USD we actually won a bit more there lately.

If we put the euro at $1.11 (it’s even less now), I still have over €7000 left to donate. And no, that doesn’t mean I think you should stop donating. Quite the contrary. I did mention before that all the money will be donated, right? That our flights and expenses will not come out of the Fund. Just wanted to make that clear again.

Even if the government seems to have surrendered for now to the Troika, and there’s money being exchanged from the ECB, through Athens, and then straight back to the ECB and IMF, the Greek people won’t see a penny of it.

The lack of solidarity that the rest of Europe have shown with Greece is quite stunning, really. That the big shots have no perception of compassion is one thing, it’s what selects them to be big shots, but that the people themselves don’t either, is quite another.

The solidarity clinics and “men who cook in the streets” will be needed in Greece for a long time, no matter what happens. A society gutted to the bone over a 5-year period takes a long time to rebuild, and that’s presuming any such efforts will be made to begin with. Raising VAT on basic necessities paints a dark future.

And we may not be able to solve the problem, but we can certainly alleviate some of it. All it takes is to go to the right places. And that’s what I intend to continue doing.

We have a bunch of clinics lined up, and I want to do something for children in need, and for the refugee problem. Even if the latter is fast becoming such an overwhelming issue it will take billions of euros, not the thousands you guys entrusted me with.

When I look at that, at how thousands of people are being left stranded daily somewhere in bankrupt Greece, I’m thinking there’s little doubt that Europe as a whole is financially bankrupt, but I care much less about that than that it’s morally bankrupt. Of which the condition of the Greek people themselves is evidence enough by itself, of course.

Please make sure donations keep coming in. Here’s how, through a quote from a number of weeks ago:

I don’t think I can go to Athens and not try to see if there’s something I can do to alleviate some of the misery in my own small way. But since that way would be extremely small given where the Automatic Earth’s financial situation and funding stand at the moment, I thought of something.

I’m hereby setting up an “Automatic Earth for Athens” fund (big word), and I’m asking you, our readership, to donate to that fund. I will make sure the revenues will go to clinics and food banks, to the worthiest causes I can find. To not mix up donations for Athens with those for the Automatic Earth, which are also badly needed, I suggest I take any donation that ends with 99 cents, as in $25.99, and single those out for Greece. Does that sound reasonable? Let me know if it doesn’t, please.

If you prefer to donate Bitcoin, our address is: 1HYLLUR2JFs24X1zTS4XbNJidGo2XNHiTT.

On to the second clinic that received some of your generosity. My friend, photographer and interpreter Dimitri said when we were on our way there on July 14 that these people have no idea what’s happening to them; they are busy all the time with what cannot be done, with trying to provide people with even the most basic care, and here comes this stranger who says he’ll give them €1000, just like that. A surefire recipe to make a body feel small.

By the way, Dimitri is also the author of a great line on the Europe/Greece financial conundrum:

Since I can’t pay on my bankrupt loans and you won’t renegotiate them with me, how’s about paying yourself back with a bridge loan to me so you won’t have to write off your debt, which I’ll likewise not pay back, to give you guys some more breathing room until you realize that I already told you I can’t pay you back.

A keeper for sure. On to Peristeri:

Some data I picked up: Peristeri is an Athens district with a population of 400,000 people. Most state health clinics have been shut. There were 150 doctors in the district before, there are now only 50. A population of 400,000 people with no access to gynaecologists or dermatologists, and just two cardiologists. Thousands of doctors have left the country. Those that have stayed, including senior hospital doctors, earn about €12,000 a year.

Social Solidarity Clinic of Peristeri

Xrisolora 1 & Ag, Pavlou, Athens, Peristeri 12132 

The clinic also functions as a pharmacy, they feed dozens of homeless people, and are involved in action against water privatization.

Dimitri and I talked to Nikos, the only person who spoke reasonable English, and Dr. Apostolos Gianopoulos, a retired physician who donates a lot of his time to the clinic. What an amazing bunch of people. Can you imagine this happening where you live?

Here’s the wonderfully chaotic drug cabinet:

How the drugs typically arrive, after volunteers go out and collect them:

The obligatory group portrait with yours truly:

And since I don’t seem to be able to find back the receipt they wrote, after looking for well over an hour yesterday (it’ll turn up), the actual handing over of the €1000:

A French film crew recently made a documentary about the clinic, and there is a video on YouTube. Unfortunately, it’s not in English, but you get a picture of the entire operation. They have all of 55 square meters at their disposal.

The blurb from the video:

For Two Years, Volunteers Run A Social Clinic/Pharmacy  

Today, more and more Greeks find themselves without health insurance. All over the country, clinics and pharmacies are organizing solidarity to support them. Reportage in one of them, in Athenian suburbs.

The small waiting room of the clinic at Peristeri is never empty in the late morning. In this suburb of Athens, a three-room apartment serves as both pharmacy and medical office. People come here to get medicines and also see a doctor, make an appointment to the dentist or even just talk. All this without paying anything.

Between calls, Georgette and Martina, the two volunteers in secretariat today, find a moment to discuss with each patient. “Now we know everyone,” says the latter. They, along with Dr. Gianopoulos and 50 volunteers and doctors, launched the initiative of a solidarity clinic and pharmacy two years ago. “With the crisis, more and more people have lost their social security for their families she explains. You really had to do something. ”

More than 3,000 patients

More than 3,000 patients walked through its doors. It has integrated the network of fifty solidarity clinics/pharmacies that cover the country. On the desk lies a secretariat agenda with impressive dimensions. The Bible testifies to the collective’s success and especially the willingness of the team to ensure regular monitoring of patients. “We receive many diabetics, people with asthma or heart,” says Dr. Apostolos Gianopoulos. Everyone can re-establish the treatment which had given up due to the loss of social security rights. “I remember a diabetic man who had lost two toes because it no longer followed his treatment,” says Martina.

“People in need were ashamed to ask for help”

More than the distribution of medicines, volunteers seek to create a space for solidarity and confidence. “At the beginning of the crisis, people in need were ashamed to ask for help, says Matina. They felt guilty not being able to support their families. But progressively, we have managed to establish a relationship of trust and anticipate their needs. ” In addition to the distribution of medicines, the medical center has also set up a food collection.

Coming to seek her package for the week, Anastasia demonstrates its involvement in the clinic work. After a successful career in the pharmaceutical industry, the single mother found herself unemployed. Today, she lives with her mother, who receives no pension, her 13 year old son and his brother, who earns only €400 per month. “I come here to get some medicine for my mom who is sick, she says. In exchange, I participate in various collections of food and medicine. ”

“The superstar here is the psychiatrist”

Like everyone who comes here, Anastasia will not depart only with a package but also with a smile. For Matina, it is also the moral support that people come up there. “We have a pediatrician, general practitioner, a dentist and several other doctors , but the superstar here is the psychiatrist,” she says.  At the social solidarity clinic of Peristeri volunteers claim a twofold objective: to provide primary healthcare, but also push people to make their voices heard on social issues.

I think the message is clear: the recipients of your donations are more than deserving, they do things, they show a wealth of solidarity, that in the rich nations of the world would be hard to imagine, and they merit our support in making that possible.

Our support in alleviating misery, pain, hunger, and also, crazy as it is, in saving people from dying from afflictions that are perfectly treatable, and that are treated all over Europe as a routine part of the healthcare system. That hardly anyone even gives a second thought in Germany, Holland, Britain, France. How can Brussels take that away from a nation? A nation that is highly educated to boot, that has plenty of doctors, of scientists?

In Greece, these treatments are no longer routine. People there have found another, much darker, routine. And we can make a difference. Not everywhere, but in plenty places, in plenty ways, and for a whole lot of people.