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Syriza Leads In 6 Polls; Leader Tsipras Shuns Merkel, Says “Won’t Honor Commitments”

Syriza Leads In 6 Polls; Leader Tsipras Shuns Merkel, Says “Won’t Honor Commitments” With the leads in at least six polls (of between 4% and 10%), Syriza leader Alexis Tsipras has come out swining for the anti-EU vote this morning: *TSIPRAS SAYS ONLY SYRIZA CAN END GREECE’S CATASTROPHIC COURSE *TSIPRAS SAYS WON’T HONOR COMMITMENTS MADE BY PREVIOUS […]

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Oh, Greece!

Oh, Greece! Greece’s bailout program is not working. After receiving hundreds of billions of Euros in new loans to stave off a sovereign default, Greeks are on the verge of electing a new government that may throw Eurozone politics into turmoil. From the outset, this was always going to be a tricky one for European […]

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Low inflation should not be feared, says George Osborne

Low inflation should not be feared, says George Osborne The sharp fall in the UK inflation rate should not be feared, Chancellor George Osborne will say in a speech later. “We should not confuse this welcome news with the threat of damaging deflation that we see in the eurozone,” he will say in a speech. […]

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Citi, Goldman, ICAP And Others Preparing For Grexit, Again

Citi, Goldman, ICAP And Others Preparing For Grexit, Again Every couple of years the same identical European drill repeats itself: 1) Greece makes loud noises as it approaches an election, 2) Europe says it couldn’t care what the outcome is and that Greece should stay in the Euro but if it exits it won’t be a disaster, 3) […]

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EU austerity faces rising public anger

EU austerity faces rising public anger Brussels, Belgium – Outside the European Commission in Brussels late last month dozens of horn-blowing tractors from Belgium rolled ominously down roads usually reserved for the limousines belonging to this continent’s powerful politicians. Accompanied by throngs of demonstrators and surrounded by smoking hay stacks and burning effigies of leaders such […]

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ECB warns Greek funding access hinges on keeping bailout

ECB warns Greek funding access hinges on keeping bailout (Reuters) – Greek banks’ access to European Central Bank funding beyond February will depend on Athens successfully completing a final bailout review and reaching a deal on a follow-up plan with its EU/IMF lenders, the ECB said on Thursday. The statement was the clearest warning yet […]

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The re-emergence of crisis theory as Europe faces new calamity: Don Pittis

The re-emergence of crisis theory as Europe faces new calamity: Don Pittis To Canadian political economist Daniel Drache, Europe feels like it could be on the verge of a crisis. Yesterday’s violent killings at the Charlie Hebdo newspaper offices in Paris did nothing to change that feeling. “I think there’s lots of turmoil ahead,” said Drache, who […]

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EU Banned Pesticides to Help Bees, But Now Other Bugs Are Invading

EU Banned Pesticides to Help Bees, But Now Other Bugs Are Invading The European Union has a bug problem. After regulators in late 2013 banned pesticides called neonicotinoids, linked in some studies to the unintended deaths of bees, farmers across the continent applied older chemicals to which many pests had developed a resistance, allowing them […]

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Grexitology – A Mexican Standoff

Grexitology – A Mexican Standoff The Greek Conundrum As you can see above, we have created a new term describing deliberations regarding the possibility of a Greek default combined with an exit from the euro area. The reason why the time for the term “Grexitology” has come is that opinions on Greece’s future in the […]

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Bild Warns German Govt Fears Greek Bank Runs, Financial System Collapse; Prepares For Grexit

  Bild Warns German Govt Fears Greek Bank Runs, Financial System Collapse; Prepares For Grexit It has been a busy few days for Germany. In the space of a week, they have warned Greece “there will be no blackmail,”adding that a Greek exit from the euro was “manageable,” only to hours later deny (clarify) these comments. This was then followed […]

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Greece Is About To Dance A Wild Sirtaki

Greece Is About To Dance A Wild Sirtaki On January 22, the ECB has another meeting, and investors – as well as EU governments – are still thinking Draghi will announce full-blown QE. With the Germans resisting the way they consistently have for years now, I wouldn’t count on it. It’ll be extremely hard to […]

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Samaras Warns of Euro Exit Risk as Greek Campaign Starts

Samaras Warns of Euro Exit Risk as Greek Campaign Starts Greece’s political parties embarked on a flash campaign for elections in less than three weeks that Prime Minister Antonis Samaras said will determine the fate of the country’s membership in the euro currency area. Samaras used a Jan. 2 speech to warn that victory for […]

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The Gloves Come Off: Germany Says Grexit “Manageable” As Tsipras Demands Greek Debt Writeoff | Zero Hedge

The Gloves Come Off: Germany Says Grexit “Manageable” As Tsipras Demands Greek Debt Writeoff | Zero Hedge. With just three weeks until the Greek snap elections on January 25 in which Tsipras’ Syriza is virtually assured of victory (unless somehow G-Pap’s “new and improved” political party manages to steal enough votes to prevent this, although one wonders […]

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2015 Will Be All About Iran, China and Russia

2015 Will Be All About Iran, China and Russia   Upcoming 2015 year will be all about further moves towards the integration of Eurasia as the US is progressively squeezed out of Eurasia, Pepe Escobar believes. BEIJING, December 31 (Sputnik) — Fasten your seatbelts; 2015 will be a whirlwind pitting China, Russia and Iran against what I have described as the Empire of Chaos. So yes – it […]

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Peak Irony in No-Exit Union: As Grexit Chaos Resurges, Lithuania Joins

Peak Irony in No-Exit Union: As Grexit Chaos Resurges, Lithuania Joins On January 1, 2015, the Eurozone quietly welcomed a new member, Lithuania, to its fold. The former Soviet satellite became the 19th EU Member State to have joined the increasingly beleaguered currency union. According to an opinion poll conducted by Berent Research Baltic on […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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