Home » Posts tagged 'greece' (Page 33)
Tag Archives: greece
Greece: Are You Finally Ready to Do the Right Thing and Leave the Euro?
Greece: Are You Finally Ready to Do the Right Thing and Leave the Euro? The era of living off borrowed money is over in Greece, and the Greek people now have a choice. Almost four years ago I wrote Greece, Please Do The Right Thing: Default Now(June 1, 2011). Default remains the only real way forward […]
Greece Exposes The Global Economy’s Achilles Heel
Greece Exposes The Global Economy’s Achilles Heel Countries that can’t repay their debts — won’t The new Greek political party, known as Syriza, the Coalition of the Radical Left, has done the unthinkable: they’ve dared to speak the truth. In this case, the truth is perfectly captured by the blunt assessment by the new Greek […]
Greek and German finance ministers clash at debt relief talks
Greek and German finance ministers clash at debt relief talks No agreement to disagree on Athens’ debts as Varoufakis brings up spectre of Greek nazism and Schäuble offers 500 German tax collectors Greece’s radical Syriza government remained locked in a bitter standoff with its German paymasters, as finance minister Yanis Varoufakis issued a stark warning […]
Thousands Of Anti-ECB Protesters Gather In Athens In “First Greek Pro-Government Rally” – Live Feed
Thousands Of Anti-ECB Protesters Gather In Athens In “First Greek Pro-Government Rally” – Live Feed In what is being described as “the first Greek pro-government rally”, thousands of people have gathered outside Greek Parliament in the infamous Syntagma Square to protest against a decision by the European Central Bank to restrict the eligibility of Greek bonds used […]
ECB Pulls The Trigger: Blocks Funding To Greece Via Debt Collateral – Full Statement
ECB Pulls The Trigger: Blocks Funding To Greece Via Debt Collateral – Full Statement Just what the market had hoped would not happen… *ECB SAYS IT LIFTS WAIVER ON GREEK GOVERNMENT DEBT AS COLLATERAL *ECB SAYS IT CAN’T ASSUME SUCCESSFUL CONCLUSION OF GREECE REVIEW What this means simply is that since Greek banks are now […]
The Lesson of Greece: Only Collapse Makes Real Change Possible
The Lesson of Greece: Only Collapse Makes Real Change Possible When the illusion that the Status Quo can fulfill all its promises to everybody dies, the Status Quo starts the terminal slide to effective collapse. Of the many lessons we can learn from Greece’s difficult path to rejection of debt-serfdom, the most important is perhaps […]
Have A Little Faith In Blotto
Have A Little Faith In Blotto What, Greece again? Sorry!! But I see a lot of things flash by that make me want to say something. Today it’s the alleged 180 that Syriza made on debt reduction, before that it was their alleged kow-towing to Brussels on Russia sanctions, and tomorrow it’ll be something else […]
Greeks Spooked by Debt Clashes Put Cash Under Bathroom Tiles
Greeks Spooked by Debt Clashes Put Cash Under Bathroom Tiles (Bloomberg) — Georgios Karavelas drives a taxi in Athens and for the past month has been a silent witness to what ordinary Greeks are doing with their cash. One passenger, he said, told someone on his mobile phone that he’d withdrawn 25,000 euros from the […]
Greece and the EU – Nothing But Political Theater?
Greece and the EU – Nothing But Political Theater? Varoufakis’ Tour of Europe Greece’s new finance minister Yanis Varoufakis has toured Europe, trying to drum up support for – actually, we’re not quite sure what for exactly, as the precise nature of the Greek government’s demands is currently in flux (this is a parallel […]
Is It Socialism or Just Failure?
Is It Socialism or Just Failure? It’s all still about Greece, and that makes sense, if nothing else Syriza is a breath if not a tornado of fresh air. But those too pass. The question at the end remains: did anything really change? It’s quite possible, don’t get me wrong, but Tsipras and Vanoufakis are […]
History In the Balance: Why Greece Must Repudiate Its “Banker Bailout” Debts And Exit The Euro
History In the Balance: Why Greece Must Repudiate Its “Banker Bailout” Debts And Exit The Euro Now and again history reaches an inflection point. Statesman and mere politicians, as the case may be, find themselves confronted with fraught circumstances and stark choices. February 2015 is one such moment. For its part, Greece stands at a fork in the road. Syriza can […]
Chaos, Fear, Panic Descend on EU’s Hallowed Halls of Power
Chaos, Fear, Panic Descend on EU’s Hallowed Halls of Power According to Greek private broadcaster Mega TV, “You just killed the Troika” were the parting words that Eurogroup Chief Jeroen Dijsselbloem whispered into the right ear of Greece’s new Finance Minister Yannis Varoufakis at the end of what was clearly a tense meeting. Varoufakis’ response […]
Greece Just Blew Up the Empire’s Death Star of Debt
Greece Just Blew Up the Empire’s Death Star of Debt The Greek Elites and kleptocrats are terrified of the discipline that leaving the euro will impose, but the general public should welcome the transition to an economy and society that has been freed from the shackles of Imperial debt and the kleptocracy that has bled […]
Europe Fractures: France “Prepared To Support Greece” In Debt Renegotiations
Europe Fractures: France “Prepared To Support Greece” In Debt Renegotiations Despite Angela Merkel’s insistence on numerous occasions this past week that there will be “no debt renegotiations,” it appears a schism at the core of Europe is opening. As France24 reports,following a meeting between France’s finance minister Michel Sapin and Greece’s finance minister Yanis Varoufakis, the […]
It’s Greece vs Wall Street
It’s Greece vs Wall Street On the one hand, I’ve written so much about Greece lately I fear I’m reaching overkill. On the other hand, there’s so much going on with Greece, and so fast, that I wouldn’t know here to begin. Moreover, I’m thinking and trying to figure what is what and what is […]
