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Tsipras Stunner: Creditors Said “There Is No Point In Holding Elections” In Bailed Out Countries
Tsipras Stunner: Creditors Said “There Is No Point In Holding Elections” In Bailed Out Countries While Germany’s finmin Schauble is about to burst at few capillaries after reading the latest provocation from Tsipras in which he said, according to Reuters, that: GREEK PM TSIPRAS SAYS I SIGNED I DEAL I DO NOT BELIEVE IN BUT […]
We Are All (or Should Be) Greeks Now
We Are All (or Should Be) Greeks Now Their ‘No’ vote splashes a spotlight on ugly austerity, and its powerful puppeteers. The temple of neo-liberalism and its ideology of social suicide in the interests of the banks has been breached. The hysteria in European capitals (particularly Germany) after the resounding “No” vote by the people […]
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 […]
Gold and the “Grexit” Threat
Gold and the “Grexit” Threat The Everything is Fine Meme Initially, we were also a bit surprised that the gold price didn’t rise when the threat of a Greek exit from the euro area became more palpable following the breakdown in negotiations and the outcome of the Greek referendum. After all, it was to be […]
Why Grexit is the most likely outcome
Why Grexit is the most likely outcome Ahead of Greece’s referendum on a bailout plan in early July, EU decision makers, including Eurogroup Chairman Jeroen Dijsselbloem, warned a “no” vote might lead to Greece’s exit from the Euro. After Greece’s overwhelming “no”, and Eurozone leaders’ latest ultimatums, there are a number of factors that indicate […]
Europe is blowing itself apart over Greece – and nobody seems able to stop it
Europe is blowing itself apart over Greece – and nobody seems able to stop it Prime Minister Alexis Tsipras never expected to win Sunday’s referendum. He is now trapped and hurtling towards Grexit Like a tragedy from Euripides, the long struggle between Greece and Europe’s creditor powers is reaching a cataclysmic end that nobody planned, […]
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 […]
Greece Votes NO – Let The Chaos Begin…
Greece Votes NO – Let The Chaos Begin… The result of the referendum in Greece is a great victory for freedom, but it is also threatens to unleash unprecedented economic chaos all across Europe. With almost all of the votes counted, it is being reported that approximately 61 percent of Greeks have voted “no” and […]
Greek Citizens Vote “No” on a Bailout Offer that no Longer Exists
Greek Citizens Vote “No” on a Bailout Offer that no Longer Exists An exercise in futility has just ended in Greece, with its population voting down an offer that has expired almost a week ago already. Given the futility of the referendum, its outcome was actually irrelevant from a formal perspective – once the verdict […]
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 […]
It was the creditors who pushed Greece over the edge
It was the creditors who pushed Greece over the edge If they had truly cared, the creditors could have easily prevented a default. Sadly, they found it more important to punish Greece and set an example. Image: sticking posters for the NO campaign ahead of Sunday’s referendum. On Tuesday, Greece became the first developed country […]
Privately Owned Greek Media Line Up With The One Percent Against The Greek People
Privately Owned Greek Media Line Up With The One Percent Against The Greek People The latest report from Greece indicates that the privately owned Greek media have taken a stand against the Greek people and for the One Percent: Yesterday’s demonstration in favor of ‘No’ in Syntagma Square of Athens had gigantic proportions and great […]
Greece, China, and Russia – a Plan B for Greece
Greece, China, and Russia – a Plan B for Greece If the Greeks were to vote ‘No’ what would happen next? Well no one can say. But here is a quick thought on what I hope the Greek government might have been exploring if they are excluded from the euro. It’s just food for thought […]
Sunday’s Vote Will Determine Liberty Or Serfdom
Sunday’s Vote Will Determine Liberty Or Serfdom According to history books, democracy originated in Greece. Of course, historians could be mistaken, but this is the prevailing view among Western populations with enough awareness to be interested to know. What we are witnessing today, July 2, 2015, is that after 2,500 years in the Western World […]
Troika Maneuvering to Rig Greek Referendum
Troika Maneuvering to Rig Greek Referendum In a TV interview, Mr. Varoufakis said very clearly, “This is a very dark moment for Europe. They have closed our banks for the sole purpose of blackmailing what? Getting a ‘Yes’ vote on a non-sustainable solution that would be bad for Europe.” I must admit, most politicians do not […]
