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Greece headed for a debt default





Greek prime minister Alexis Tsipras turned to Russia for support yesterday – as he attacked Western creditors for trying to impose ‘absurd’ austerity conditions on his crippled nation. In an emotional address to the Greek parliament last night, the hard-Left leader said he would never accept conditions proposed by the EU and International Monetary Fund, which include a big hike in VAT and cuts to the pensions of the poor. ‘The proposals submitted by lenders are unrealistic. The Greek government cannot consent to absurd proposals,’ Mr Tsipras said. He had already stunned the IMF on Thursday by announcing a £220million debt repayment would not be made on time. Failure to make a repayment to the IMF is almost unprecedented, and sparked new fears that Greece could be pushed into bankruptcy – and out of the euro – in the coming weeks. The country said it would bundle up its June payments into a single £1.1billion sum – giving Athens until the end of the month to find the money. June 5 http://goo.gl/kUWs28








The cardinal ingresses of the Sun have a traditional reputation as  important mundane events. Of these the Capricorn Ingress has a special place and is considered by many to be the  annual chart. Shown here is the Capricorn Ingress chart for Athens, Greece with only the elements relevant to our discussion. The important thing to note is the Grand Cross on the angles. Uranus-Pluto is the dominating square contained in the Cross about which Bill Herbst writes.

The alignment indicates a breakdown in our largest institutions (Capricorn) that starts from within the institutions themselves as an egregious overplaying of their power in ways that are clearly self-serving rather than for the greater good (Pluto), which is then furthered by an unexpected rebellion (Uranus) against institutional malfeasance, a seemingly spontaneous insurrection that occurs from the ground level up, fomented by individuals (Aries) who stand up in protest against the oppressive influence of such institutions. Actually, these insurrections aren’t spontaneous; they’ve been brewing invisibly under the surface, slowly heating up as discontent with the status quo grows. Such rebellions manifest as potent and disruptive forces in the collective, however, only after critical mass is reached at the boiling point, so that they appear to arise full-blown and without precedent, as if out of nowhere.

Two factors that tell us that this crisis is about money and resources are Venus on the IC and the dwarf planet Makemake on the Ascendant. About Makemake Nick Fiorenza writes:

Makemake is about  issues regarding the administration of resources; and in areas involving economics, ecology and human survival. Makemake impels us to take a stance for higher spiritual principles against those seeking to destroy life and who manipulatively seek to control others and the world's resources, as well as to our own less than healthy or integrous patterns of behavior.









If we now progress the Capricorn Ingress chart to June 30 when the bundled payment to the IMF is due we find that the Venus-Uranus-Pluto element of the cross reaches the MC triggering what can be expected to be a possible default.

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