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Tag Archives: european union
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 […]
EU teetering on brink of collapse
EU teetering on brink of collapse Europe won the Cold War. Not long after the Berlin Wall fell a quarter of a century ago, the Soviet Union collapsed, the United States squandered its peace dividend in an attempt to maintain global dominance, and Europe quietly became more prosperous, more integrated, and more of a player […]
Greece economy: Merkel rules out more debt relief
Greece economy: Merkel rules out more debt relief German Chancellor Angela Merkel has ruled out cancelling any of Greece’s debt, saying banks and creditors have already made substantial cuts. But Mrs Merkel told the Die Welt newspaper she still wanted Greece to stay in the eurozone. Greece’s left-wing Syriza party won last weekend’s election with […]
Huge Madrid march in support of anti-austerity party Tens of thousands take to the streets of Spanish capital in support of Podemos. Tens of thousands of people have marched in Madrid in support for anti-austerity party Podemos, whose surging popularity and policies have drawn comparisons with Greece’s new Syriza rulers. On Saturday, protesters chanted “Yes […]
How Do You Solve A Problem Like Syriza?
How Do You Solve A Problem Like Syriza? First off, no, I don’t think Syriza is a problem, I just couldn’t resist the Sound of Music link once it popped into my head, as in ‘headlines you can sing’. I think Syriza may well be a solution, if it plays its cards right. But that […]
Gorbachev: US dragging Russia into new Cold War, which might grow into armed conflict
Gorbachev: US dragging Russia into new Cold War, which might grow into armed conflict Mikhail Gorbachev has accused the US of dragging Russia into a new Cold War. The former Soviet president fears the chill in relations could eventually spur an armed conflict. “Plainly speaking, the US has already dragged us into a new Cold […]
Can Syriza renegotiate Greece’s multi-billion bailout?
Can Syriza renegotiate Greece’s multi-billion bailout? Left-wing protest party facing up to the political reality of governing Europe’s most indebted nation. The Greek left-wing party Syriza gets down to work, after storming to power on an anti-austerity ticket. From protest party to ambitious political newcomers, Syriza is facing up to the political reality of governing […]
The Lemmings of QE
The Lemmings of QE NEW HAVEN – Predictably, the European Central Bank has joined the world’s other major monetary authorities in the greatest experiment in the history of central banking. By now, the pattern is all too familiar. First, central banks take the conventional policy rate down to the dreaded “zero bound.” Facing continued economic […]
Failing Stimulus And The IMF’s New ‘Multilateral’ World Order
Failing Stimulus And The IMF’s New ‘Multilateral’ World Order My theme for 2015 has been the assertion that this will be a year of shattered illusions; social, political, as well as economic. As I have noted in recent articles, 2014 set the stage for multiple engineered conflicts, including the false conflict between Eastern and Western […]
Greece at the Crossroads: the Oligarchs Blew It
Greece at the Crossroads: the Oligarchs Blew It Once one oligarchy falls, it will threaten to topple a long line of oligarch dominoes. A great many narratives invoking Greece are being tossed around, but only one really encapsulates the unvarnished truth: the Oligarchs blew it. The oligarchs in both Greece and the European Union/ECB had the […]
Greek election: It’s really up to the ECB and EU now
Greek election: It’s really up to the ECB and EU now The result was worse than expected whatever the final outcome – the anti-austerity vote is massive, but it could be an empty gesture as Greece in reality has little choice: Comply with the Troika or leave the EUR. I doubt the later will happen […]
More reasons for the financial markets to worry
More reasons for the financial markets to worry Five tests of unity that the eurozone will face this week. In the wake of Sunday’s election in Greece, the unity of the eurozone will come under close scrutiny this week. The financial markets were already in a state of excitement over the launch of quantitative easing […]
Greece’s New FinMin Warns “We Are Going To Destroy The Greek Oligarchy System”
Greece’s New FinMin Warns “We Are Going To Destroy The Greek Oligarchy System” Over two years ago, we first highlighted Yanis Varoufakis’ perspectives on the destruction of Greece and Europe’s bogus growth pacts. Since then he has grown in both reason and popularity as his no-nonsense discussons of the mis-design of the euro (and potential solutions) have […]
Is This The Day Europe Gets Its Future Back?
Is This The Day Europe Gets Its Future Back? With The Greek election in full motion, and first results perhaps 12 hours away, It would seem useful, no matter how the Greeks vote, to lay to rest a few misconceptions, and to expose a few ‘conceptions’ that have – largely – remained buried to date. […]
Troika Punches Panic Button on Greece and Spain
Troika Punches Panic Button on Greece and Spain After four years of inflicting economic pain and misery on Europe’s semi-bankrupt periphery, the Troika (IMF, ECB and European Commission) is suddenly in a lather over the potential political consequences of its disastrous economic policies: “I wouldn’t like extreme forces to come to power. I would prefer […]
