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Tag Archives: greece
Is the IMF About to Make Greece an Offer It Can’t Refuse?
Is the IMF About to Make Greece an Offer It Can’t Refuse? “The bailout programs that were proposed for Greece and approved for Greece were much too one-sided. They relied too much on sacrifices on the part of Greece and not enough sacrifices on the part of Greece’s creditors.” These words belong to a Brazilian economist called Paulo Nogueira Batista Jr. who […]
Greece Proposes To Become A Tax-Collecting Police State: Will “Wire” Tourists And Unleash Them As “Tax Inspectors”
Greece Proposes To Become A Tax-Collecting Police State: Will “Wire” Tourists And Unleash Them As “Tax Inspectors” There were three notable items in the follow up, 11-page letter sent by Yanis Varoufakis earlier today to the Eurogroup, and its president “Jeroen.” But first, by way of background, here is what happened as recapped by Reuters. Earlier […]
One Last Look At The Real Economy Before It Implodes – Part 1
One Last Look At The Real Economy Before It Implodes – Part 1 We are only two months into 2015, and it has already proven to be the most volatile year for the economic environment since 2008-2009. We have seen oil markets collapsing by about 50 percent in the span of a few months (just […]
As Greek Default Fears Return, Government Considers “Borrowing” Pensions To Repay IMF
As Greek Default Fears Return, Government Considers “Borrowing” Pensions To Repay IMF Greek short-term default risk jumped over 300bps today putting the odds of a restructuring at 50-50 within the next year as the warnings we issued last week with regard Greece’s imminent default on its IMF loan loom. Seeking to reassure its lenders (and avoid yet more […]
Humiliated Greece eyes Byzantine pivot as crisis deepens
Humiliated Greece eyes Byzantine pivot as crisis deepens Neither side holds the upper hand in the strategic game of chicken which could still see Greece forced out of the euro Greece’s new currency designs are ready. The green 50 drachma note features Cornelius Castoriadis, the Marxisant philosopher and sworn enemy of privatisation. The Nobel poet […]
Greece Warns It May Default On IMF Loan Next Week
Greece Warns It May Default On IMF Loan Next Week Now that the Greek tragicomedy of the new government “threatening” to leave the Eurozone if it doesn’t get its way, has been postponed for a few weeks, if not months, we can go back to the biggest story involving Greece, one we first covered in October […]
Ukraine Enters The Endgame
Ukraine Enters The Endgame Back in March 2014 we forecast that it in the aftermath of the US State Department-sponsored military coup in Kiev, it was only a matter of time before Ukraine (all of its sovereign gold having since “vaporized“) succumbed to full blown hyperinflation and economic implosion. Less than a year later, precisely this outcome has […]
Briefing For A Descent Into Hell
Briefing For A Descent Into Hell Oh well, some are more equal than others. One day after Eurogroup head Dijsselbloem says France won’t get any more lenience … France Must Respect EU Budget Rules France must meet EU budget targets or risk damaging the bloc’s entire framework for policing countries’ spending plans, the head of […]
How Far Is It From Kiev To Athens?
How Far Is It From Kiev To Athens? Riddle me this, Batman. I don’t think I get it, and I definitely don’t get why nobody is asking any questions. The IMF and EU make a lot of noise – through the Eurogroup – about all the conditions Greece has to address to get even a […]
Our Freedom Is Endangered
Our Freedom Is Endangered Liberty … … is a fundamental human right; it is the cornerstone of our existence. But liberty is under attack from all directions, whether through higher state control or individuals themselves. Liberty is in search for its protector. We were given the opportunity to talk to a vanguard of liberty, former […]
Swimming with the Sharks: Goldman Sachs, School Districts, and Capital Appreciation Bonds
Swimming with the Sharks: Goldman Sachs, School Districts, and Capital Appreciation Bonds Remember when Goldman Sachs – dubbed by Matt Taibbi the Vampire Squid – sold derivatives to Greece so the government could conceal its debt, then bet against that debt, driving it up? It seems that the ubiquitous investment bank has also put the squeeze on California and its […]
How Goes the War?
How Goes the War? Oh, you didn’t notice that World War Three is underway, actually has been for more than year? Well, that’s because most of it has been taking place in the banking sector, which for most people is just an alternative universe of math. The catch, which many people either miss or […]
Throw Your Grandma Under The Bus
Throw Your Grandma Under The Bus Before we get news in a few hours on the new proposals Greece is required to hand to its slavemasters today, Monday Feb 23, it seems relevant to point out one more time that what is happening to Greece is the result of political, not economic, decisions and points […]
50 Shades of Greece
50 Shades of Greece When it comes to the ongoing Greek question, I see a lot of people eagerly jump to conclusions, after the ‘debt deal’, that I don’t think are justified; certainly not yet. The overall conviction in the press seems to be that Syriza has given in on just about all fronts, and […]
What will Germany pay for not compromising with Greece?
What will Germany pay for not compromising with Greece? You could argue that the very public nature of the disagreement between Germany and Greece, over the terms of the latest attempt by Greece to avoid financial collapse, is good for the reputation of the eurozone. In that at least colossal sums of taxpayer’s money aren’t […]
