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Greater Fools and Bigger Liars
Greater Fools and Bigger Liars Societies in decline have no use for visionaries – Anaïs Nin The moment we heard that John Boehner would resign, the first thing that came to mind was: the next one will be a Greater Fool and a Bigger Liar. For all of his obvious faultlines, Boehner is human. As was evident […]
German Establishment View On Tsipras/Troika Showdown
German Establishment View On Tsipras/Troika Showdown Der Spiegel has a long analysis today on the fate of Greece and the Tsipras/EU pas de deux. The tone toward Tsipras seemed secretly admiring while outwardly scornful and hostile. He comes off ultimately as the bad guy who is completely and solely to blame for the worsening crisis, with Merkel and […]
Someone Pull The Plug or This Will End in War
Someone Pull The Plug or This Will End in War I was going to write up on the uselessness of Angela Merkel, given that she said on this week that “giving in to Greece could ‘blow apart’ the euro”, and it’s the 180º other way around; it’s the consistent refusal to allow any leniency towards […]
With Yanis Gone, Now Troika Heads Must Roll
With Yanis Gone, Now Troika Heads Must Roll Now that Yanis Varoufakis has resigned, in the kind of unique fashion and timing that shows us who the real men are, it’s time to clear the other side of the table as well. The new finance minister, Euclid Tsakalotos, should not have to face the same […]
The Biggest Issue Now Is “The Math”
The Biggest Issue Now Is “The Math” Some quick pre-market observations from Bloomberg’s Richard Breslow Just Don’t Nip Out for a Haircut The Greek citizenry voted and the handicappers got it very wrong. The result of the vote was called much earlier than anyone expected. It wasn’t close. Much was made last week of the […]
This Is Why The Euro Is Finished
This Is Why The Euro Is Finished The IMF Debt Sustainability Analysis report on Greece that came out this week has caused a big stir. We now know that the Fund’s analysts confirm what Syriza has been saying ever since they came to power 5 months ago: Greece needs debt relief, lots of it, and […]
Troika Documents Say Greece Needs Huge Debt Relief
Troika Documents Say Greece Needs Huge Debt Relief Just when you think things can’t get any crazier, they always do. The Guardian reports on unpublished Troika documents that show Greece is only too right in asking for debt relief. That for the Syriza government to sign what the Troika wants to force them to sign […]
Troika Documents Say Greece Needs Huge Debt Relief
Troika Documents Say Greece Needs Huge Debt Relief Just when you think things can’t get any crazier, they always do. The Guardian reports on unpublished Troika documents that show Greece is only too right in asking for debt relief. That for the Syriza government to sign what the Troika wants to force them to sign […]
Top German Politician Blasts Nuland & Carter: “F##k US Imperialism”
Top German Politician Blasts Nuland & Carter: “F##k US Imperialism” With intra-Europe relations hitting a new all-time low; and, having already been busted spying on Merkel, Obama got caught with his hand in Hollande’s cookie jar this week, the following exultation from one of Germany’s top politicians will hardly help Washington-Brussells relations. As Russia Insider notes, Oskar […]
Greece Invokes Nuclear Option: Tsipras Calls For Referendum
Greece Invokes Nuclear Option: Tsipras Calls For Referendum Update: Greek PM Alexis Tsipras has announced a referendum in a televised speech to the nation after another day of fractious negotiations with creditors closed without a deal. The dramatic move comes after Athens rejected a proposal from the troika aimed at delivering some €16 billion in aid […]
It’s Time for Angela Merkel to Stand Up
It’s Time for Angela Merkel to Stand Up I need to start of off the bat with an update to this piece, which I started writing yesterday, since I now know that Angela Merkel actually did invite Alexis Tsipras on Monday. It only took her two months…. But that doesn’t take away anything from my […]
Germany Has Had Enough With US Neocons: Berlin “Stunned” At US Desire For War In Ukraine
Germany Has Had Enough With US Neocons: Berlin “Stunned” At US Desire For War In Ukraine While Russia’s envoy to NATO notes that statements by the deputy head of NATO testify to the fact that the leaders of the bloc want to intervene in Russia’s internal politics, and are “dreaming of Russian Maidan,” Washington has a bigger […]
The Minsk Peace Deal: Farce Or Sellout?
The Minsk Peace Deal: Farce Or Sellout? Judging by the report on RT http://rt.com/news/231667-minsk-ceasefire-deal-breakup/ I conclude that the Ukraine peace deal worked out in Minsk by Putin, Merkel, Hollande, and Poroshenko has little chance of success. As Washington is not a partner to the Minsk peace deal, how can there be peace when Washington has made […]
Ukraine Ceasefire Deal Agreed After Negotiations All-Nighter; Doubts Remain About Its Implementation
Ukraine Ceasefire Deal Agreed After Negotiations All-Nighter; Doubts Remain About Its Implementation It would have simply been too much to handle for Europe and the risk off algos if hours after the embarrassing failure of the emergency Eurogroup meeting in Brussels failed to reach any deal involving Greece, the Ukraine ceasefire negotiations in Minsk were also to […]
